OANDA vs Pocket Option

OANDA vs Pocket Option Comparison Table 2023
OANDA Review 2023 Pocket Option Review 2023
4.3
4.2

Pocket Option is #1 in our binary options broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It has proven a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.

Founded in 2017, Pocket Option is a binary options broker offering up/down contracts on forex, stocks and cryptocurrencies. With over 100,000 active users and a global reach, the brand has proven popular with budding traders. Pocket Option also supports dozens of payment methods and has a low minimum trade of just $1.

Bonus Offer
50% Deposit Bonus
Comment by Reviewer
"OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best in class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget." "We recommend Pocket Option for aspiring binary options traders looking for copy trading services and a low minimum investment."
Pros
  • Oversight from tier-one regulators make the broker a reliable and trustworthy broker
  • The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives
  • We found the OANDA web platform easy to learn and rated the sophisticated charting tools
  • The brand has an excellent reputation and 25 years experience with a string of awards
  • No restrictions on trading strategies with scalping, hedging and netting permitted
  • The $0 minimum deposit will appeal to newer traders
  • With 68 forex pairs the broker will serve active forex traders
  • Spreads are tight and there are zero hidden fees
  • Live signals
  • Copy trading
  • Turbo binary options
  • 50+ payment methods
  • MT5 iOS & Android app
  • 92% payouts on binaries
  • Cashback and achievements
  • Multiple strategies supported
  • Welcome bonuses and coupon codes
  • Clients accepted from over 95 countries
  • Trading tournaments and competitions
Cons
  • There is a narrow range of payment methods with no PayPal
  • High-volume traders get limited fee rebates or perks
  • Weekend customer support isn't available
  • Social and copy trading tools aren't supported
  • No MT4 trading platform
  • Only one account type is available
  • IFMRRC is not a reputable regulator
  • The expiration time is limited on trades
Awards
  • Best Trading Tools winner 2021 - Online Personal Wealth Awards
  • Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex
  • Voted Most Popular Broker 2021 - TradingView Broker Awards
  • Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
  • Best Binary Broker 2022 - DayTrading.com
Instruments
Stocks, Spreadbetting, CFD, Forex, Crypto Binary Options, Currencies, Commodities, Stocks, Indices
Demo Account
Yes Yes
Minimum Deposit
$0 $50
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • AutoChartist
  • MT5
Payment Methods
Minimum Trade
$0 $1
Regulator
FCA, ASIC, MFSA, MAS, CIRO, FFAJ, BVI IFMRRC
Margin Trading
Yes Yes
Margin Rate
2%
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
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
OANDA Trade, MT4 iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes
Copy Trading
No Yes
Copy Trading Platform
Pocket Option offers hassle-free copy trading. Simply choose from the broker's top ranked traders and mirror their positions in your own account. The copy trading service is available 24/7 and also hosts active community groups where you can chat with other traders.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
$0 $0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • HKD
  • SGD
  • USD
Stock Exchanges
Commodities
CFD Trading
Speculate on popular financial assets covering forex, commodities, indices, metals and bonds. Clients can trade CFDs on the award-winning MT4 platform or the firm's beginner-friendly web trader. CFD trading not offered
Leverage
1:30
FTSE Spread
1.0
GBPUSD Spread
1.4
Oil Spread
3.0
Stocks Spread
Variable
Forex Trading
OANDA offers 68 currency pairs, more than most forex brokers, covering majors, minors and exotics. The OANDA Trade platform also offers powerful technical analysis tools while average execution speeds are fast at 12 ms. Binary and OTC options can be purchased on over 40 foreign exchange pairs. Typical payouts are also decent at 81% and users can trade forex binary options in just a couple of clicks.
GBPUSD Spread
1.4 N/A
EURUSD Spread
0.8 N/A
EURGBP Spread
0.9 N/A
Assets
68 50+
Cryptocurrency
OANDA offers trading on leading cryptocurrencies, including Bitcoin. We rate the low fees which start at 0.25% and that you can place trades in the app hassle-free. Pocket Option supports major cryptocurrencies on a beginner-friendly app. Over 10 leading cryptocurrencies are available with very high leverage up to 1:1000.
Spread
$100 N/A
Coins
  • BTC
  • ETH
  • LTC
  • BCH
  • PAXG
  • LINK
  • UNI
  • AAVE
  • BTC
  • ETH
  • DSH
  • BCH
  • LINK
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered Pocket Option offers short term binary options on a user-friendly platform with competitive payouts of 90%+. Over 130 assets are available with fee-free deposits and withdrawals. Joining bonuses are also available to new users.
Payout
92%
Expiry Times
5 seconds - 4 hours
Ladder Options
No No
Boundary Options
No No
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