Your capital is at risk. Trade only with funds you can afford to lose.
Pocket Option
#1 in our binary options broker rankings
Accepts traders from Gabon
Rating breakdown
- Regulation & trust2.01.0 lower than IQ Option (3.0)
- Assets & markets2.51.0 lower than IQ Option (3.5)
- Fees & costs3.50.5 higher than IQ Option (3.0)
- Platforms & tools3.3same as IQ Option (3.3)
- Accounts & banking3.50.5 higher than IQ Option (3.0)
- Education3.51.0 higher than IQ Option (2.5)
- Research3.02.2 higher than IQ Option (0.8)
- Customer support3.30.3 higher than IQ Option (3.0)
IQ Option’s score. Numbers show the difference.
IQ Option
#4 in our binary options broker rankings
Accepts traders from Gabon
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Rating breakdown
- Regulation & trust3.01.0 higher than Pocket Option (2.0)
- Assets & markets3.51.0 higher than Pocket Option (2.5)
- Fees & costs3.00.5 lower than Pocket Option (3.5)
- Platforms & tools3.3same as Pocket Option (3.3)
- Accounts & banking3.00.5 lower than Pocket Option (3.5)
- Education2.51.0 lower than Pocket Option (3.5)
- Research0.82.2 lower than Pocket Option (3.0)
- Customer support3.00.3 lower than Pocket Option (3.3)
Pocket Option’s score. Numbers show the difference.
| Pocket Option | IQ Option | |
|---|---|---|
| Overview | 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. | IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10. |
| Customer Reviews | Based on 23 customer reviews | Based on 3 customer reviews |
| Bonus Offer | 100% Deposit Bonus | – |
| Comment by Reviewer | “Pocket Option stands out as one of the best binary brokers for active traders owing to its now industry-leading range of binary assets and frequent platform upgrades, including ‘AI Trading’ and a wider suite of expiry times, ranging from just 3 seconds up to 4 hours for short-term traders.” | “After a raft of upgrades, including FX options, multipliers, added indicators and longer expiries - IQ Option is best suited to active short-term traders who want a user-friendly, fast platform for digital options alongside CFDs and multipliers in one place. With a track record stretching back to 2013, it's also one of the most established binary providers.” |
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| Instruments | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos | CFD, Forex, Crypto, Stocks, Digital Options |
| Demo Account | Yes | Yes |
| Minimum Deposit | $5 | $10 |
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| Payment Methods | ||
| Minimum Trade | $1 | 0.001 Lots |
| Regulator | – | CySEC |
| Margin Trading | Yes | Yes |
| Margin Rate | – | 0.2% |
| 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 | Yes | No |
| Robo Advisor | No | No |
| Negative Balance Protection | No | Yes |
| Market Maker | Yes | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | No |
| Mobile Apps | Android (plus APK), iOS via mobile web trader and progressive web app | Android (plus APK), iOS (plus progressive web app) |
| App Review | 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. | IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless. |
| Android App Rating | ||
| iOS App Rating | – | |
| Auto Trading | Yes | – |
| Copy Trading | Yes | No |
| 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 | Yes | No |
| Trade Signals | Yes | – |
| VPS Hosting | No | No |
| Tournaments | Yes | Yes |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | €10 (or equivalent) |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| Overview | CFD trading not offered | IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available depends on your location (1:30 in EU, 1:500 globally), but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform. |
| Leverage | – | 1:500 |
| GBPUSD Spread | – | 1 |
| Oil Spread | – | 2.3 |
| Stocks Spread | – | 2 |
| Forex Trading | ||
| Overview | 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. | IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area. |
| GBPUSD Spread | N/A | 5 pips |
| EURUSD Spread | N/A | 14 pips |
| EURGBP Spread | N/A | 15 pips |
| Assets | 55+ | 60+ |
| Cryptocurrency | ||
| Overview | Pocket Option has a strong crypto offering with popular tokens like Bitcoin, Dogecoin and Litecoin. It’s also one of the only binary brokers we’ve seen to offer a Bitcoin ETF. The payouts up to 92% on cryptos like Bitcoin are also excellent, and a step up from the payouts that were closer to 15% during our previous round of tests. | IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software. |
| Spread | N/A | BTC 7%, ETH 12% (Var) |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | Pocket Option offers ultra-short-term binaries from 3 seconds on one of the simplest web platforms for beginners. Typical payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. | IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+. |
| Payout | 92% (218% on accumulator Express Trades) | 95% |
| Expiry Times | 3 seconds - 4 hours | 60 seconds - 1 month |
| Ladder Options | No | Yes |
| Boundary Options | No | Yes |