Feature | Pocket Option | FXTM |
---|---|---|
Company Overview | Established in 2017, specializes in binary options trading, regulated by the International Financial Market Relations Regulation Center (IFMRRC). | Established in 2011, offers forex and CFD trading, regulated by multiple authorities including the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). |
Trading Instruments | Binary options on forex pairs, stocks, commodities, and cryptocurrencies. | Forex pairs, commodities, indices, stocks, and cryptocurrencies. |
Account Types | Single account type with a minimum deposit of $5. | Multiple account types: Standard, Cent, Stock CFDs, FXTM Pro, ECN Zero, each with varying features and minimum deposits starting from $10. |
Leverage | Up to 1:100. | Up to 1:3000, depending on account type and region. |
Spreads & Commissions | No spreads; profit determined by fixed payout percentages. | Spreads starting from 0.0 pips on Advantage account with a commission of $3.5 per lot; other accounts have varying spreads and commission structures. |
Trading Platforms | Proprietary web-based platform and mobile apps. | MetaTrader 4, MetaTrader 5, FXTM Trader app, and WebTrader. |
Social Trading | Offers social trading features allowing users to copy trades from experienced traders. | Provides FXTM Invest, a copy trading service enabling investors to follow strategy managers. |
Deposit & Withdrawal Methods | Supports various methods including credit/debit cards, e-wallets, and cryptocurrencies; minimum deposit is $5. | Offers multiple options such as local bank transfers, credit/debit cards, e-wallets; minimum deposit varies by account type, starting from $10. |
Customer Support | Available via live chat, email, and phone; not 24/7. | Provides 24/5 customer support through live chat, phone, email, and social media channels. |
Educational Resources | Provides a demo account with $50,000 virtual funds; limited educational materials. | Offers comprehensive educational resources including webinars, articles, and tutorials. |
Regulation & Security | Regulated by IFMRRC; has received warnings from regulators like FCA (UK) and CFTC (US). | Regulated by reputable authorities such as FCA (UK), CySEC (Cyprus), and FSCA (South Africa). |
Fees & Commissions | No commissions on deposits or withdrawals; potential third-party fees may apply. | Charges may apply for certain deposit and withdrawal methods; inactivity fee of $5 per month after 6 months of inactivity. |
Trading Tools & Features | Provides real-time market data, multiple chart types, indicators, and social trading features. | Offers advanced trading tools, multiple charting options, technical indicators, and automated trading capabilities. |
Order Execution Type | Market execution with fixed payout percentages. | Market and instant execution, depending on the account type. |
Minimum Trade Size | 1 USD per trade. | 0.01 lots (micro lot trading available). |
Maximum Trade Size | Varies based on asset and market conditions. | Depends on account type and available margin. |
Risk Management Tools | Stop-loss and take-profit not available due to binary options structure. | Stop-loss, take-profit, trailing stop, and negative balance protection. |
Market Analysis Tools | Economic calendar, trading signals, charting tools. | Daily market analysis, technical and fundamental insights, sentiment analysis. |
Algorithmic Trading | Not supported. | Supported via Expert Advisors (EAs) on MT4 and MT5. |
Hedging & Scalping | Not applicable. | Both hedging and scalping allowed. |
Trading Competitions | Offers regular trading tournaments with prize pools. | No trading competitions. |
Bonuses & Promotions | Deposit bonuses and cashback rewards for active traders. | Periodic promotions, cashback rebates, and loyalty programs. |
Swap-Free (Islamic) Accounts | Not available. | Available for Muslim traders on request. |
Corporate & Institutional Accounts | Only individual accounts available. | Corporate accounts and specialized solutions for high-net-worth individuals. |
Mobile Trading Experience | Intuitive mobile app with full trading functionality. | FXTM Trader app with advanced trading features and real-time market updates. |
Demo Account Features | $50,000 virtual funds, unlimited usage. | Unlimited usage with real market conditions simulation. |
Transaction Processing Speed | Deposits are instant; withdrawals may take a few hours to a few days. | Processing time varies; deposits are often instant, withdrawals can take from hours to several business days. |
Regulatory Restrictions by Country | Not available in the US, UK, EU, and some other regulated jurisdictions. | Restricted in the US and a few other high-regulation regions. |
Trade Expiry Times | Ranges from 5 seconds to several hours, depending on asset type. | No expiry times; trades remain open until closed by the trader or market conditions. |
Trading Sessions | Available 24/7 for cryptocurrency trading; other assets follow market hours. | Follows forex and CFD market hours, with sessions based on global trading hubs. |
Execution Speed | Near-instant trade execution due to fixed payout model. | Ultra-fast execution with latency as low as milliseconds, especially on ECN accounts. |
Profit Payout Structure | Fixed payouts ranging from 50% to 98%, depending on asset and market conditions. | Profit depends on market movement, leverage, and lot size. |
Margin Requirements | No margin or leverage applied, as trades are based on fixed amounts. | Varies by account type and asset class; lower margin requirements on ECN accounts. |
Slippage | No slippage due to fixed payout structure. | Slippage may occur during volatile market conditions. |
Order Types | Call/Put (High/Low), Turbo, Ladder, Pairs, and Long-Term options. | Market, limit, stop, and trailing stop orders. |
Trailing Stop Feature | Not available. | Available on MT4/MT5 platforms. |
Market Depth (Level 2 Pricing) | Not supported. | Available on ECN accounts with real-time liquidity data. |
Commission Structure | No commission; profit comes from trade outcomes. | Commissions apply on ECN accounts; Standard accounts operate on spread-based pricing. |
Slippage Protection | Not applicable. | Available for limit and stop orders. |
Deposit Fees | No deposit fees; third-party provider charges may apply. | Most deposits are fee-free; some payment methods may incur charges. |
Withdrawal Limits | No fixed withdrawal limits, but processing depends on account verification. | Withdrawal limits depend on payment method and regulatory requirements. |
Interest on Unused Funds | No interest provided. | Some accounts offer interest-based earnings on free margin. |
Multiple Account Management (MAM/PAMM) | Not available. | MAM and PAMM accounts available for fund managers and investors. |
VIP/Professional Accounts | Offers VIP status for traders with high deposits, featuring increased payouts and lower trade restrictions. | Offers professional accounts with better spreads, lower commissions, and higher leverage. |
Regulatory Audit Frequency | Subject to internal audits but lacks major third-party regulatory oversight. | Regular audits by top-tier regulators such as FCA, CySEC, and FSCA. |
Affiliate & Referral Programs | Offers revenue-sharing and CPA (cost per acquisition) programs for affiliates. | Offers multi-tiered affiliate programs with revenue-sharing models. |
Account Verification Process | Requires KYC verification for withdrawals; account can be opened with basic details. | Strict KYC procedures; requires ID, proof of address, and financial suitability assessment. |
User Community & Forums | Active trading community, discussion groups, and social trading networks. | Provides trader communities, forums, and social engagement through FXTM Invest. |
Pocket Option is a binary options platform with fixed payouts and social trading, while FXTM offers forex and CFD trading with advanced tools, multiple account types, and regulatory oversight.