Feature | Pocket Option | XTB |
---|---|---|
Year Established | 2017 | 2002 |
Regulation | MISA | FCA, CySEC, KNF, DFSA, FSC, SCA, Bappebti |
Minimum Deposit | $50 | $0 |
Trading Instruments | Binary Options, Forex, Stocks, Indices, Commodities, Cryptocurrencies | CFDs on Shares, Indices, ETFs, Commodities, Forex, Cryptocurrencies, Real Shares, Real ETFs |
Trading Platforms | Web, MT4, MT5 | xStation |
Demo Account | Yes | Yes (expires after four weeks) |
Mobile Trading | iOS & Android | iOS & Android |
Payment Methods | Credit/Debit Cards, Bitcoin, Ethereum, FasaPay, JetonCash, Maestro, Mastercard, Perfect Money, Visa, WebMoney, Wire Transfer | Visa, Wire Transfer, PayPal, Debit/Credit Card, Skrill (varies by country) |
Copy Trading | Yes | No |
Social Trading | Yes | No |
Educational Resources | Basic tutorials and guides | Extensive educational materials, including training videos and articles |
Customer Support | 24/7 live chat, email, phone | 24/5 live chat, email, phone |
Leverage | Up to 1:100 | Up to 1:500 (varies by instrument and region) |
Spreads | Not specified | Competitive spreads; e.g., 0.5 pips for S&P 500 CFD, 2.2 pips for Euro Stoxx 50 CFD |
Commission Fees | None | None on standard accounts; commissions may apply on specific instruments |
Account Currencies | USD | USD, EUR, PLN |
Islamic Account | No | Yes |
Negative Balance Protection | No | Yes |
Bonus Offers | 50% Deposit Bonus | None |
Regulatory Fines | None reported | Fined $2.2 million by Polish courts for irregularities in client order execution between 2014 and 2015 |
Awards | Best Binary Broker 2022 | Best Forex Broker for Beginners 2022, Best Customer Service 2021, Best Forex Broker for Low Costs 2021, Best Mobile App for Investing 2020, among others |
Order Execution | Instant execution | Market execution |
Order Types | High/Low options, Turbo options | Market orders, Limit orders, Stop orders |
Charting Tools | Basic charting tools with limited technical indicators | Advanced charting with numerous technical indicators and drawing tools |
Risk Management Features | Limited risk management tools | Comprehensive risk management tools, including stop-loss and take-profit orders |
Trading Signals | Provides trading signals within the platform | Offers trading signals and market analysis |
Market Analysis | Basic market news and updates | In-depth market analysis, economic calendar, and research tools |
Automated Trading | Limited support for automated trading | Supports automated trading through APIs and algorithmic strategies |
Account Types | Single account type | Multiple account types catering to different trader needs |
Trading Competitions | Offers regular trading competitions and tournaments | Does not offer trading competitions |
Platform Customization | Limited customization options | High level of platform customization |
User Interface | User-friendly interface suitable for beginners | Professional interface with advanced features |
Security Features | Basic security measures | Advanced security protocols, including two-factor authentication |
Fee Structure | No commissions; profits based on correct predictions | Competitive spreads; no commissions on standard accounts; commissions may apply on specific instruments |
Deposit and Withdrawal Processing Time | Instant deposits; withdrawals processed within 24 hours | Deposits processed promptly; withdrawals typically processed within 1-2 business days |
Geographical Restrictions | Not available in certain countries due to regulatory restrictions | Available in multiple countries, subject to regional regulations |
Languages Supported | Multiple languages | Multiple languages |
Additional Features | Social trading, achievements, and bonuses | Investment plans, real stock and ETF trading for EU and UK clients |
Trading Experience | Caters to beginners with a user-friendly interface | Suitable for both beginners and advanced traders, offering a professional interface with advanced features |
Trading Competitions | Offers regular trading competitions and tournaments | Does not offer trading competitions |
Platform Customization | Limited customization options | High level of platform customization |
User Interface | User-friendly interface suitable for beginners | Professional interface with advanced features |
Security Features | Basic security measures | Advanced security protocols, including two-factor authentication |
Fee Structure | No commissions; profits based on correct predictions | Competitive spreads; no commissions on standard accounts; commissions may apply on specific instruments |
Deposit and Withdrawal Processing Time | Instant deposits; withdrawals processed within 24 hours | Deposits processed promptly; withdrawals typically processed within 1-2 business days |
Geographical Restrictions | Not available in certain countries due to regulatory restrictions | Available in multiple countries, subject to regional regulations |
Languages Supported | Multiple languages | Multiple languages |
Additional Features | Social trading, achievements, and bonuses | Investment plans, real stock and ETF trading for EU and UK clients |
Pocket Option is ideal for beginners, offering binary options and social trading, while XTB provides advanced CFD trading with robust analytical tools and regulatory oversight. XTB suits professional traders, whereas Pocket Option focuses on simplicity and accessibility.