Pocket Option vs Coinmama

Pocket Option vs Coinmama Comparison Table 2023
Pocket Option Review 2023 Coinmama Review 2023
4.2

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

2.9

Coinmama is #6 in our crypto broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

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.

Coinmama is a popular cryptocurrency exchange that aims to provide streamlined and user-friendly cryptocurrency trading options to the retail market. Traders can buy a range of tokens via a fiat on-ramp, store their tokens in a third-party wallet and earn loyalty bonuses for trading with Coinmama. Millions of clients from over 180 countries have signed up to the firm.

Bonus Offer
50% Deposit Bonus
Comment by Reviewer
"We recommend Pocket Option for aspiring binary options traders looking for copy trading services and a low minimum investment." "New crypto investors looking to buy and sell popular tokens like Bitcoin with fiat currency will appreciate Coinmama. We particularly rated the loyalty program as a way to reduce fees."
Pros
  • 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
  • Diverse methods to buy crypto with fiat including e-wallets, SEPA, bank transfers and SWIFT
  • Save on fees and commissions with larger deposits
  • Choice of third-party wallets to store your tokens
  • Used by more than 3 million crypto investors
  • Straightforward to use for beginners
  • Loyalty bonuses with fee discounts
Cons
  • No MT4 trading platform
  • Only one account type is available
  • IFMRRC is not a reputable regulator
  • The expiration time is limited on trades
  • No iOS mobile app for iPhone and poor quality Android (APK) app
  • No direct crypto trading – clients must first purchase BTC or ETH
  • Poor selection of cryptocurrencies compared to competitors
  • High commissions from 2.93% for the highest tier account
  • User reviews reveal some quality issues
  • Limited wallet compatibility vs MetaMask
Awards
  • Best Binary Broker 2022 - DayTrading.com
Instruments
Binary Options, Currencies, Commodities, Stocks, Indices Cryptos
Demo Account
Yes No
Minimum Deposit
$50 $30
Trading Platforms
  • MT5
  • Own
Payment Methods
Minimum Trade
$1 $30 to buy, $100 to sell
Regulator
IFMRRC FinCEN, FINTRAC
Margin Trading
Yes No
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
Yes Yes
Mobile Apps
iOS & Android Android only
Auto Trading
Yes
Copy Trading
Yes No
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
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
Stock Exchanges
Commodities
Forex Trading
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. Forex trading not offered
GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
50+
Cryptocurrency
Pocket Option supports major cryptocurrencies on a beginner-friendly app. Over 10 leading cryptocurrencies are available with very high leverage up to 1:1000. Buy, hold and sell 16 crypto tokens including major players like BTC and ETH and lesser-known tokens such as LRC. Use a range of fiat currencies to buy the digital assets, including USD. Cryptos are stored in third-party wallets.
Spread
N/A From 2.93% to 3.90%. Express fees of 0-5.00% also apply.
Coins
  • BTC
  • ETH
  • DSH
  • BCH
  • LINK
  • BTC
  • ETH
  • LTC
  • BCH
  • XRP
  • DOGE
  • UNI
  • LINK
  • XTZ
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
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. Binary options trading not offered
Payout
92%
Expiry Times
5 seconds - 4 hours
Ladder Options
No No
Boundary Options
No No
More Comparisons
Pocket Option
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Coinmama
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