Pocket Option vs FXCM

Pocket Option vs FXCM Comparison Table 2023
Pocket Option	FXCM
Review 4.2 Pocket Option is #1 in our binary options broker rankings.	Review 3.5
Traders from US accepted	Traders from US not accepted See available CFD brokers
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.	FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM is a popular choice. The broker is also FCA regulated and authorized in Australia and South Africa.
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."	"FXCM is a top pick for traders deploying automated trading strategies, with four powerful platforms, strategy backtesting and algo trading through APIs. The broker is also great for active traders, with discounted spreads and low to zero commissions on popular assets."
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	A choice for 4 powerful platforms including MT4, Capitalise.AI and the broker's proprietary solution Premium support and custom solutions in the Active Trader professional account Excellent trading tools including a market scanner, forex signals and access to reputable research site, eFXplus Strong selection of educational materials including a new trader guide, market outlook reports and free webinars Impressive global regulatory status with 4 reputable licenses with the FCA, ASIC, CySEC and FSCA A range of funding methods including bank cards, Apple Pay and PayPal, with instant processing times
Cons
No MT4 trading platform Only one account type is available IFMRRC is not a reputable regulator The expiration time is limited on trades	Live chat support is unreliable Not the widest range of assets or trading vehicles
Awards
Best Binary Broker 2022 - DayTrading.com
Instruments
Binary Options, Currencies, Commodities, Stocks, Indices	Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$50	$50
Trading Platforms
MT5	MT4 TradingView eSignal
Payment Methods
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	Apple Pay Credit Card Debit Card Google Wallet Klarna PayPal POLi Wire Transfer
Minimum Trade
$1	Variable
Regulator
IFMRRC	FCA, CySEC, ASIC.
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	Yes
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	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS and Android
Auto Trading
Yes
Copy Trading
Yes	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.	FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.
Social Trading
Yes	Yes
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
Yes	No
Demo Competitions
No	Yes
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 ZAR CHF
Stock Exchanges
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	Euronext IBEX 35 Russell 2000
Commodities
Gold Natural Gas Oil Palladium Platinum Silver	Cannabis Gold Oil Silver
CFD Trading
CFD trading not offered	Trade a range of CFD instruments on one of FXCM's multi-asset platforms with fast execution and zero/positive slippage. Daily market analysis can also be used to inform trading decisions.
Leverage
	1:30
FTSE Spread
	1.18 pts var*
GBPUSD Spread
	0.5 pips*
Oil Spread
	0.05 (var)*
Stocks Spread
	0.2% Var*
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.	Access over 40 currency pairs with no commissions and low spreads from 0.78 pips for EUR/USD. Forex can also be traded 24/5 on a choice of reliable platforms.
GBPUSD Spread
N/A	0.5 pips var*
EURUSD Spread
N/A	0.2 pips var*
EURGBP Spread
N/A	0.5 pips var*
Assets
50+	40
Currency Indices
	JPY
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.	Trade some of world's most popular digital coins with zero commission and leverage up to 1:4. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade.
Spread
N/A	Variable
Coins
BTC ETH DSH BCH LINK	BTC ETH LTC BTC
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

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