OANDA vs Pocket Option

OANDA vs Pocket Option Comparison Table 2023
OANDA Review 2023	Pocket Option Review 2023
Review 4.3	Review 4.2 Pocket Option is #1 in our binary options broker rankings.
Traders from US not accepted See available CFD brokers	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
Credit Card Debit Card Mastercard Neteller Skrill Trustly Visa Wire Transfer	ADVcash Bitcoin Payments Cashu Credit Card Debit Card Doku Wallet Ethereum Payments FasaPay GlobePay JCB Card Maestro Mastercard Neteller PayRedeem Perfect Money QIWI Skrill Sofort Visa WebMoney Western Union Wire Transfer Yandex Money
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
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng London Stock Exchange Nasdaq Russell 2000 S&P 500	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange S&P 500
Commodities
Copper Corn Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat	Gold Natural Gas Oil Palladium Platinum Silver
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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