Pocket Option vs PrimeXBT Comparison & Reviews

FeaturePocket OptionPrimeXBT
Year Established20172018
RegulationIFMRRCFSA, FSCA
Number of ClientsOver 10 million in 95+ countriesOver 1 million in 150+ countries
Trading InstrumentsBinary Options on Forex, Stocks, Commodities, CryptocurrenciesCFDs on Forex, Indices, Commodities, Cryptocurrencies, Futures
Minimum Deposit$50$10
LeverageUp to 1:100Up to 1:1000
Trading PlatformsProprietary Web Platform, Mobile AppProprietary WebTrader, Mobile App
Mobile AppsiOS, AndroidiOS, Android
Demo AccountYesYes
Account CurrenciesUSDUSD, EUR, GBP
Payment MethodsCredit/Debit Cards, Bank Transfers, E-wallets, CryptocurrenciesCredit/Debit Cards, Bank Transfers, Cryptocurrencies
SpreadsNot applicable (Binary Options)From 0.1 pips
CommissionsNone0.05% on cryptocurrency trades; none on other assets
Copy TradingYes, via social trading platformYes, proprietary copy trading platform
Social TradingYesYes
VPS HostingNoNo
Islamic AccountYesNo
Customer Support24/7 Live Chat, Email Support24/7 Live Chat, Email Support
Educational ResourcesTutorials, Webinars, Knowledge BaseBlog, Glossary, FAQs
AwardsMultiple, including Best Binary Options BrokerMultiple, including Best Crypto Trading App
Negative Balance ProtectionYesYes
Inactivity FeeNot specifiedNot specified
Guaranteed Stop LossNoNo
Order Execution SpeedInstant executionUltra-fast execution with <7.12 ms latency
Trading FeesNoneLow trading fees, 0.05% on crypto trading
Slippage PolicyNot specifiedMinimal slippage due to deep liquidity
Stop-Out LevelNot specified50%
Deposit FeesNo feesNo fees on crypto deposits, fees on bank transfers
Withdrawal FeesNo feesFree crypto withdrawals (except BTC - dynamic fee)
Hedging & Scalping AllowedNot specifiedYes, supported
Trading SignalsYesYes, through built-in PrimeXBT tools
Algorithmic TradingNoYes, via API trading
API SupportNoYes, REST & WebSockets API
Leverage for CryptosNot applicableUp to 1:200
Margin CallNot specified80%
Market Execution ModelNot specifiedAggregated liquidity from multiple providers
Fiat-to-Crypto TradingYesYes
Available CryptocurrenciesLimited to major cryptocurrenciesBTC, ETH, XRP, LTC, ADA, BNB, DOGE, SOL, and more
DeFi & Yield FarmingNoYes, via Covesting Yield Accounts
NFT TradingNoNo
Trading ContestsYes, regular tournamentsYes, regular trading competitions
Referral ProgramYes, multi-tier affiliate programYes, multi-tier system with lifetime commissions
Partnership ProgramsYes, Affiliate programYes, Affiliate & IB programs with high commissions
Multi-Account Management (MAM/PAMM)NoNo
Swap-Free TradingYes, available for Islamic accountsNo
Account Verification TimeInstant to 1 business dayInstant to 1 business day
Number of Tradable Instruments100+100+
Customizable Charting ToolsYesYes, integrated in PrimeXBT platform
Advanced Risk Management ToolsYes, Stop-loss, Take-profit ordersYes, Negative balance protection, Stop-loss orders
Broker TypeBinary Options BrokerECN-style aggregator
Depth of Market (DOM)NoYes
Market Maker vs. ECNActs as a Market MakerAggregates liquidity from multiple providers (ECN-like)
Execution TypeInstant executionMarket execution
Spread TypeNot applicableVariable
One-Click TradingYesYes
Trailing Stop OrdersNoYes
OCO (One-Cancels-the-Other) OrdersNoNo
Partial Order FillingNoYes
Order Types AvailableCall/Put OptionsMarket, Limit, Stop-Loss, Take-Profit
Time-in-Force (TIF) OrdersNoNo
Automated Trading SupportNoYes, via API and third-party integrations
Tick ChartsNoYes
Volatility IndicatorsYesYes, integrated in PrimeXBT platform
Sentiment Analysis ToolsYesYes
Real-Time News FeedYesYes, via platform dashboard
Market Correlation ToolsNoYes
Crypto-to-Fiat ConversionYesYes
OTC Trading (Over-the-Counter)NoYes, for high-net-worth clients
Guaranteed Execution on News EventsNoNo
Cryptocurrency Cold StorageNot specifiedYes, majority of user funds stored in cold wallets
Staking & Passive Income OptionsNoYes, via Covesting Yield Accounts
Crypto Wallet IntegrationYesYes, with direct wallet funding
Multi-Chart LayoutsYesYes, built-in trading terminal
Theme Customization (Dark Mode, Light Mode, etc.)NoYes
Account Security Features2FA, Encrypted Transactions2FA, Cold Storage, Secure Login
Web-Based TradingYesYes, via PrimeXBT WebTrader
Multi-Monitor SupportNoYes
Mobile Trading FeaturesFully functional, push notifications, price alertsFully functional, real-time charting, news updates
Economic CalendarYesYes
Real-Time Market Sentiment DataYesYes
Micro Lot Trading (0.01 Lots)Not applicableNo
Max Lot Size per TradeNot specifiedNo max lot size (depends on leverage and balance)
Position Size CalculatorNoYes
Currency Conversion FeesNot specifiedYes, applies for fiat
VIP and Loyalty ProgramsOffers a VIP program with benefits such as increased payouts and exclusive featuresNot explicitly available
Interface Language OptionsSupports multiple languages on its proprietary platformSupports major global languages
Account ManagementProvides a user-friendly account management portal with detailed trading history and performance statisticsBasic account management with Covesting performance statistics
Price AlertsAvailable through platform notificationsAvailable in proprietary platform
Trading Volume LimitsNo major limits on trading volumeNo limits for high-volume traders
Micro Account for BeginnersOffers a micro account option for lower-risk tradingPrimarily focuses on full-lot trading
Order Book VisibilityNot availableNo access to order book
Swap-Free Availability for All AssetsAvailable upon request for specific accountsNot available
Trading Community ForumsActive community forums and social media groupsLimited, focus on Covesting social trading platform
Trading Challenges or ContestsRegularly offers demo account contests and trading competitionsPeriodic trading contests for community engagement
Risk Assessment ToolsIntegrated risk management tools and educational resourcesRisk assessment options via Covesting, manual risk settings for trades
Account Overview DashboardDetailed account dashboards with trading statisticsSimple account overview with detailed statistics in Covesting
Daily and Weekly ReportsProvides daily and weekly trading reports and market analysisLimited to Covesting insights
Order Execution TransparencyExecution transparency for spread and slippageLimited transparency for spreads
Advanced Reporting ToolsOffers detailed trade history and performance analysisBasic reporting features
Trade Restrictions by Asset TypeFew restrictions, except for certain CFDs and regional limitationsMainly crypto-focused, restrictions based on region and jurisdiction
Order Expiration OptionsGood-till-cancelled (GTC), daily and session expiration optionsLimited expiration options
Service Levels for High Net-Worth TradersDedicated account managers and customized support for VIP clientsNo specialized services for high net-worth individuals
Trade Journaling IntegrationNo integrated journaling tools; external tools requiredNo integrated journaling options
Onboarding Process for New TradersStep-by-step account setup, tutorials, and demo account accessSimplified onboarding, crypto deposits only
Access to Third-Party ResearchAccess to some third-party research within the platformLimited research resources
Enhanced Charting PackagesOffers various advanced charting packagesLimited to in-platform charting features
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Pocket Option focuses on binary options with a user-friendly platform, social trading, and contests, while PrimeXBT offers leverage trading, Covesting, and advanced tools for crypto and CFD traders.