Optencis
Optencis is an affiliate of Pocket Option. Regulatory status and how we work
SYP/USD OTC is listed on Pocket Option and on no public market. The Syrian pound has no freely traded rate: there is an official rate set by the Central Bank of Syria, and a street rate that can be far from it. No bank quotes it against the dollar in the form Pocket Option uses, and the price you see is the platform’s own feed, open around the clock. This page explains what you are actually trading when you open SYP/USD OTC, how the Syrian pound is managed at home, what moves the price, and what the figures below mean.
What SYP/USD OTC is
On the currency market, a pair needs two currencies that banks can actually exchange at a market price. The Syrian pound is not one of them: it is convertible only through official channels, at a rate decided by the Central Bank of Syria, while a parallel market trades it at another price. Neither of these is a continuous, quoted market the way EUR/USD is. Pocket Option therefore builds SYP/USD OTC from its own price source, labelled “OTC” (over the counter), and keeps it open at weekends and at night. Our guide to Pocket Option OTC assets covers what that changes in practice: no outside chart to check the price against, and no economic calendar that applies.
How the Syrian pound is managed
Since the war began in 2011 the Syrian pound has lost almost all of its value, and the central bank’s official rate has followed the black market only with long delays. Everyday life in Syria runs largely on dollars and on street rates that change from one city to the next, and the political change of late 2024 reopened every question about the currency’s future.
What moves SYP/USD
Sanctions, the pace at which they are lifted, reconstruction money, remittances from the diaspora and the central bank’s own decisions set the real pound. An OTC feed cannot follow a street rate: the price on Pocket Option is the platform’s, with no outside reference at any hour.
The Syrian pound in short
SYP, the Syrian pound. The currency of Syria, issued by the Central Bank of Syria. Prices in Syria are often written in thousands of pounds, and a currency redenomination is regularly discussed; for a trader, the only useful fact is that no reliable quote exists outside the platform.
USD, the US dollar. The other side of the pair and the world’s reference currency. On SYP/USD, a stronger dollar pushes the price down and a weaker dollar pushes it up, the opposite of what you would see on USD/SYP.
How to trade SYP/USD OTC on Pocket Option
- Start on the demo account. It is free, needs no deposit and shows the same OTC feed as the real account: how the Pocket Option demo works.
- Read the payout before you trade. The figure in the box above is read on our own Pocket Option account and refreshed every 15 minutes; it changes during the day and is often lower on exotic pairs than on EUR/USD. At a 92% payout you need to be right on 52.1% of your trades just to break even: what the payout really means.
- Keep the amount fixed. The same amount on every trade, whatever happened on the previous one. Our lesson on money management explains why this single rule decides whether an account survives.
- Do not trade it on economic news. Reading the calendar makes sense on real-market assets; on an OTC pair, the feed does not react to a central bank decision the way the market does.
- Be suspicious of “SYP/USD OTC signals” sold online. Since the price comes from a single source nobody else can see, nobody can show you verified long-term results on it.
Frequently asked questions
Does SYP/USD exist outside Pocket Option?
No. The Syrian pound has an official rate and a parallel rate, neither of which is a quoted, continuous market. SYP/USD OTC is a quotation that exists only on Pocket Option, from the platform’s own feed.
Why is SYP/USD OTC open at weekends?
Because it is an OTC asset: its price comes from the platform’s own feed, not from the currency market, so it keeps quoting when the real market is closed. At those hours there is no outside reference for the price.
What is the payout on SYP/USD OTC?
It changes during the day and from one asset to another. The box on this page shows the payout read on our own Pocket Option account, refreshed every 15 minutes, with the highest level the asset reaches.
What really moves SYP/USD?
In the real economy, sanctions, reconstruction and remittances; on the OTC feed, the platform’s own price source, with no outside reference.
Which other pairs are only on Pocket Option?
Eight other currencies quoted against the dollar in the same inverted way, and six Gulf and Middle East currencies against the yuan, all listed in the box above.
Binary options and leveraged products are high-risk: you can lose all the money you invest. Read our binary options guide and our risk disclosure before trading. The figures on this page are read on the Optencis account and can differ from yours. Signed: the Optencis team.
