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Binomo vs Pocket Option

Binomo vs Pocket Option Comparison Table 2024
Binomo Pocket Option
Review
3.4
Review
4.2

Binomo is a beginner-friendly binary options broker that offers trading on forex, stocks and indices via high/low binary options on a simple web-based platform with payouts up to 90% and reliable service. The firm was launched in 2012 and is based offshore.

Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

Customer Reviews
4.3
Based on 7 Pocket Option customer reviews
Bonus Offer
50% Deposit Bonus
Comment by Reviewer
"Traders who enjoy straightforward, fast-paced trading on forex and stocks should check out Binomo's short-term binary options. The intuitive platform and joining requirements make the brand particularly attractive for newer traders." "Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."
Pros
  • Custom-designed platform that works quickly on mobile devices
  • Demo account available to all with no restrictions
  • Low minimum trade value from $1
  • Competitive payouts up to 90%
  • Thousands of daily traders
  • Low minimum deposit of $10
  • Clear tiered account system
  • The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
  • The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders
  • The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
  • Extremely fast and smooth sign-up process that takes less than 2 minutes
Cons
  • Contract expiry times of 1 minute to 1 hour are very short term for many traders
  • Limited extra features with no copy trading
  • Small selection of tradeable instruments
  • Weak regulatory oversight
  • The MISA is a weak regulator with limited investor protection for retail traders
  • The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
  • Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests
  • You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
Awards
  • Best Binary Broker Runner Up 2023 - DayTrading.com
  • Best Binary Broker 2022 - DayTrading.com
Instruments
Fixed Time Trades Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$10 $50
Trading Platforms
  • Own
  • Web
  • MT4
  • MT5
Payment Methods
Minimum Trade
$1 $1
Regulator
MISA
Margin Trading
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS and Android iOS & Android
App Review

The Binomo app distinguishes itself by offering a comprehensive toolkit, including a risk-free demo account and over 30 analytical tools for technical analysis, ensuring newcomers and seasoned traders can confidently navigate the markets. Moreover, its diverse asset offerings across various markets, coupled with the opportunity to leverage CFDs provides a range of opportunties, all while having access to 24/7 support.

Pocket Option delivers an excellent mobile trading experience directly through mobile and tablet browsers, without needing a native app. You can easily customize charts using the settings at the top while placing trades in one click is a breeze using the ‘higher’ and ‘lower’ buttons at the bottom of the screen. The interface also adapts seamlessly to horizontal viewing, mirroring the desktop layout for a consistent user experience.
Android App Rating
4.7
4.2
iOS App Rating
4.6
4
Auto Trading
BinomoBot tracks 12 moving and 5 technical indicators and can be set up in than 3 minutes. Yes
Copy Trading
No Yes
Copy Trading Platform
Pocket Option hosts a user-friendly social trading service. Available in the platform, you can use the ‘Top Ranked Trades’ leaderboard, among others, to find traders to follow. The social trading solution is also available 24/7 and has active community chats. Tip: check the number of trades made and profit generated over several months rather than comparing providers over a few days.
Social Trading
No Yes
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$30 $0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • USD
Stock Exchanges
Commodities
Forex Trading
Binomo offers a competitive suit of currencies from majors like EUR/USD to exotics like EUR/MXN. But with contracts spanning 1 minute to 1 hour, the broker is best for short-term forex binary options traders. Binary and OTC options can be purchased on 40+ currency pairs, with 55+ currency pairs available if you deposit $1000. Typical payouts are reasonable at 81% and the $1 minimum trade makes the broker accessible to new forex traders. There is also access to the MT4 and MT5 platforms for experienced forex traders.
GBPUSD Spread
N/A N/A
EURUSD Spread
N/A N/A
EURGBP Spread
N/A N/A
Assets
19 55+
Cryptocurrency
Binomo offers 24/7 fixed time trades on a few major cryptos, including Bitcoin. However this is significantly less than alternatives like Focus Option which offers more than 80 digital tokens. Pocket Option offers a modest crypto offering with 10+ digital currencies including Bitcoin and 65+ tokens if you deposit $1000. The integrated analytics feature in the platform is helpful for finding opportunities, while the daily signals service makes it straightforward to act on short-term crypto opportunities.
Spread
N/A N/A
Coins
  • BTC
  • LTC
  • BCH
  • ADA
  • BTC
  • ETH
  • BCH
  • LINK
  • AAVE
  • ALGO
  • TLM
  • ALPP
  • ANT
  • AVAX
  • AXS
  • BNB
  • ADA
  • CHZ
  • COMP
  • ATOM
  • DASH
  • MANA
  • DGB
  • DOGE
  • ENJ
  • EOS
  • FIL
  • GLMR
  • ILV
  • ICP
  • KAVA
  • LTC
  • MKR
  • MASK
  • MIOTA
  • XMR
  • ALICE
  • NEAR
  • NEO
  • NULS
  • OMG
  • DOT
  • MATIC
  • QTUM
  • REEF
  • XRP
  • SANTOS
  • SC
  • SOL
  • STX
  • XLM
  • STORJ
  • DATA
  • SUN
  • XTZ
  • SAND
  • THETA
  • TRX
  • UNI
  • VET
  • WAVES
  • YFI
  • YGG
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binomo offers binary options trading around the clock, including the weekends. You can speculate on the short-term price movements of popular markets, from stocks to currencies. Payouts are competitive climbing to 90% and contracts start from just 1 minute. Pocket Option offers ultra-short-term binaries from 5 seconds on one of the simplest web platforms for beginners. Payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. Considering the negatives, the suite of 130+ assets trails binary brokers like Quotex, which offer 400+.
Payout
90% 92%
Expiry Times
1 minute - 60 minutes 5 seconds - 4 hours
Ladder Options
No No
Boundary Options
Yes No
Review
Review
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