Feature | Pocket Option | Olymp Trade |
---|---|---|
Year Established | 2017 | 2014 |
Customer Base | Over 100,000 active users | Over 89 million traders |
Global Reach | Available in multiple countries | Presence in over 130 countries |
Languages Supported | Multiple languages | 13 languages |
Regulatory Authority | MISA | VFSC |
Customer Reviews | 4.4/5 based on 9 reviews | 5/5 based on 5 reviews |
Bonus Offer | 50% Deposit Bonus | Information not specified |
Minimum Deposit | $50 | $10 |
Minimum Trade Amount | $1 | $1 |
Demo Account | Yes | Yes |
Trading Platforms | Web, MT4, MT5 | Proprietary Platform |
Mobile Apps | iOS & Android | Android & Windows |
Payment Methods | Volet, Airtel, Bitcoin, Credit/Debit Card, Ethereum, FasaPay, JetonCash, Maestro, Mastercard, Perfect Money, Visa, WebMoney, Wire Transfer | Bitcoin, Credit/Debit Card, Mastercard, Neteller, Perfect Money, Skrill, UnionPay, Visa, Wire Transfer |
Instruments Offered | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptocurrencies | Forex, CFD, Stocks, Indices, Commodities, Cryptocurrencies, ETFs, OTC, Fixed Time Trades |
Payouts | Up to 92% | Up to 93% |
Expiry Times | 5 seconds - 4 hours | 5 seconds - 23 hours |
Copy Trading | Yes | No |
Social Trading | Yes | No |
Trade Signals | Yes | Yes |
Tournaments | Yes | No |
Islamic Account | No | Yes |
Inactivity Fee | $0 | $10 |
Account Currencies | USD | USD |
Commodities Available | Gold, Natural Gas, Oil, Palladium, Platinum, Silver | Copper, Gold, Natural Gas, Oil, Platinum, Precious Metals, Silver |
Auto Trading | Yes | No |
Negative Balance Protection | No | No |
VPS Hosting | No | No |
Awards | Best Binary Broker 2022 - DayTrading.com | Best Online Trading and Investment Platform MENA 2023, Most Trusted Financial Broker LATAM 2023, Best Mobile Trading Platform - World Finance Awards 2021, Best Investment Broker - The Forex Awards 2021 |
User Interface (UI) | Modern and sleek design, intuitive navigation | Traditional layout, familiar to experienced traders |
Educational Resources | Extensive materials including video tutorials, webinars, comprehensive knowledge base | Educational content available, but not as extensive as Pocket Option |
Account Types | Multiple account tiers, including demo and premium accounts with additional benefits | Three account statuses: Starter, Advanced, and Expert, each offering specific features |
Customer Support | 24/7 multilingual support via live chat, email, and phone | 24/7 multilingual support through live chat, email, phone, and social media channels |
Social Trading Capabilities | Offers social trading features, allowing users to follow and copy trades of successful traders | Provides social trading capabilities, enabling users to follow and replicate trades of experienced traders |
Risk Management Tools | Advanced tools including stop-loss, take-profit, and negative balance protection | Offers standard risk management tools such as stop-loss and take-profit orders |
Charting Tools and Indicators | Advanced charting tools with a wide range of technical indicators | Proprietary platform with customizable charts and technical indicators |
Regulatory Oversight | Registered under MISA, offering a certain level of oversight | Licensed offshore by the Vanuatu Financial Services Commission (VFSC) |
Additional Features | Unique offerings like digital options and tournaments | Provides features such as fixed time trades and access to composite indices |
Leverage | Offers leverage up to 1:1000 | Provides leverage up to 1:500 |
Trading Competitions | Hosts regular trading tournaments with cash prizes | Offers periodic contests and competitions for traders |
Risk-Free Trades | Provides risk-free trades as part of promotional offers | Offers risk-free trades for VIP account holders |
Cashback Program | Implements a cashback program where traders earn a percentage of their trades back | Does not offer a cashback program |
Affiliate Program | Offers a multi-tier affiliate program with competitive commissions | Provides an affiliate program with standard commissions |
Platform Customization | Allows extensive customization of the trading interface, including themes and layouts | Limited customization options for the trading interface |
Market Analysis Tools | Provides integrated market news and analysis tools within the platform | Offers basic market news updates without in-depth analysis tools |
Order Execution Speed | Executes orders with an average speed of 0.1 seconds | Executes orders with an average speed of 0.2 seconds |
Withdrawal Processing Time | Processes withdrawals within 24 hours | Withdrawal processing time ranges from 1 to 3 business days |
Security Features | Utilizes two-factor authentication (2FA) and SSL encryption for account security | Employs standard security measures, including SSL encryption |
Pocket Option offers a modern interface, higher leverage, faster withdrawals, and extensive trading competitions, while Olymp Trade provides a structured trading environment, educational support, and a strong regulatory presence. Both platforms cater to different trader preferences with unique features.