If you have landed here, you are probably wondering: Binomo vs. Pocket Option – which broker is better? In truth, choosing a competent online trading platform is how a trader makes money through online trading. If a trader makes the wrong decision when choosing a broker, it can make his experience unpleasant. Therefore, it is crucial to check out the brokers before registering with them.
In this article, we have come up with a Binomo vs. Pocket Option review that will sort things out for you. We will compare various features, trading conditions and the functions that each platform offers to give you a better understanding of which platform to choose. Are you ready? Let’s get started.
(Risk warning: Trading involves risks)
Binomo vs. Pocket Option: details in comparison:
See the core facts of both brokers here:
| Specification: | Binomo | Pocket Option |
|---|---|---|
| Rating (based on this review): | 7/10 | 9/10 |
| Demo account: | Yes, with $1,000 of virtual money | Yes, with $10,000 in virtual money and unlimited |
| Minimum deposit: | $10 | $50 |
| Minimum withdrawal: | $10 | $10 |
| Deposit methods: | Bank transfer, credit cards, debit cards, Cryptocurrency, electronic wallets | Bank transfer, credit cards, debit cards, Cryptocurrency, electronic wallets |
| Live chat and email support: | Yes | Yes |
| Underlying assets: | 100+ | 100+ |
| Regulation: | Regulated by the IFC, certified by CROFR | Regulated by IFMRRC, Mwali International Services Authority |
| Education center: | Yes | Yes |
| Indicators and charting tools: | Yes | Yes |
| Copy trading: | Available | Available |
| Auto trading: | Available via third-party software | Available via third-party software |
| Trading signals: | Available | Available |
The comparison chart of Binomo vs. Pocket Option will give you an idea about the two brokers. We have tested these two brokers on nine parameters to help you find the best one.
Let us discuss these comparison parameters in detail.
100+ Markets
- Welcomes international clients
- Offers high payouts: 90% – 97%+
- Professional-grade trading platform
- Swift deposit process
- Enables Social Trading
- Provides free bonus incentives
50+ Markets
- Low minimum deposit of $10
- Easy platform to use
- $1,000 demo account
- Fast payouts
- Free bonuses
- Trading contests
100+ Markets
- Welcomes international clients
- Offers high payouts: 90% – 97%+
- Professional-grade trading platform
- Swift deposit process
- Enables Social Trading
- Provides free bonus incentives
from $ 5
(Risk warning: Trading is risky)
50+ Markets
- Low minimum deposit of $10
- Easy platform to use
- $1,000 demo account
- Fast payouts
- Free bonuses
- Trading contests
from $10
(Risk warning: Trading is risky)
Demo account
A demo account is a necessity for all traders. Without a demo account, traders can lose their money. However, it is the quality and features of the demo account that a wise trader considers.
Usually, the demo account has all the features that you can find in your live trading account with the broker. Both Binomo and Pocket Option offer their users the opportunity to learn trading through their demo accounts.
The demo accounts of both brokers have similar features to the live trading account. Here you can learn how these brokers work and what features they offer. This will give you an idea of what your trading experience will be like with these brokers.
From a demo account perspective, both Binomo and Pocket Option seem to be viable choices for traders.
In order to minimize your losses, you can plan and strategize your moves with the demo accounts of these brokers. So if you are planning to choose based on the demo account offered by the brokers, you can choose between Pocket Option and Binomo.
| Specification | Binomo | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 6/10 | 9/10 |
| Virtual funds: | $1,000 | $10,000, unlimited |
(Risk warning: Trading involves risks)
Minimum deposit
The minimum deposit is an amount that a trader should initially deposit into their trading account in order to start trading. It is one of the most important factors that traders consider when choosing a broker. As you might expect, many beginners are reluctant to register with an online trading platform that has a very high minimum deposit.
A high minimum deposit is not a concern for advanced traders because of their skills and expertise in online trading. However, inexperienced beginners may lose a significant portion of their earnings if they use all of their minimum deposit to trade.
Concerning the low minimum deposit amount, Binomo is a relieving online trading platform with a minimum stipulation of only $13. On the contrary, you need to fund your trading account with at least $50 if you want to trade with Pocket Option.
If you are reluctant to fund your trading account with $50, you can choose Binomo as your broker. However, if you are confident about using your $50 to buy and sell online assets, you can choose Pocket Option without a second thought.
| Specification | Binomo | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 7/10 | 8/10 |
| Minimum Deposit: | $10 | $50 |
| Deposit/Withdrawal Fees: | Commissions and spreads apply. No hidden fees. | No deposit fees, no withdrawal fees |
Minimum withdrawal
A trader’s primary purpose in trading online is to make profits and withdraw those profits for his use. However, sometimes the broker may impose a minimum withdrawal amount. For example, if the minimum withdrawal amount is $150, you will not be able to withdraw less than $150. If you do, the broker may charge you some fees.
This situation can frustrate many brokers because if they want to stop trading with a broker, they will not be able to withdraw their funds if they are below the minimum deposit amount. Their funds are stuck with the broker and their trading experience becomes poor.
It is good that Binomo has a minimum withdrawal amount of only $10. Pocket Option also has a minimum withdrawal amount of $10. Both brokers seem to be a perfect choice when it comes to the minimum withdrawal amount. The minimum withdrawal amount of both these brokers is much less than other brokers in the industry.
| Specification | Binomo | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 7/10 | 8/10 |
| Minimum withdrawal: | $10 | $10 |
| Withdrawal Fees: | Commissions apply. No hidden fees. | No withdrawal fees. |
(Risk warning: Trading involves risks)
Deposit methods
Multiple deposit methods are an attractive and convenient feature for many brokers. Almost all of them allow their clients to easily fund their trading accounts with different payment methods. Bank transfers, credit cards, debit cards, e-wallets, and cryptocurrencies are some of the most common payment options.
The advantage of having multiple payment methods is that if one payment method does not work for some reason, the trader can choose from the alternatives. This protects them from the risk of not being able to place profitable trades if their preferred payment method does not work.
Both Pocket Option and Binomo offer users multiple payment methods. You can use bank or wire transfers, credit or debit cards, electronic wallets, and cryptocurrencies to fund your Binomo or Pocket Option trading account.
| Specification | Binomo | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 7/10 | 7/10 |
| Deposit methods: | Bank transfers, wire transfers, credit or debit cards, electronic wallets, and cryptocurrencies | Bank transfers, wire transfers, credit or debit cards, electronic wallets, and cryptocurrencies |
Live chat and email support
Trading online can get you into a lot of trouble, which is why a reputable broker will always provide you with a support system to help you through these difficulties. The most common forms of support include live chat, email, social media support, and Google Play or App Store support.
If a broker offers you a quick response or feedback to your query, your trading experience will be improved.
Binomo and Pocket Option both offer live chat support to their customers. You can get help from the broker’s support staff by chatting online.
- The Binomo customer support resolves the issue of its clients within a minimum possible time.
- Even Pocket Option has a live chat support system for its clients. You will receive feedback from the support team within a few minutes.
If your issue does not require immediate attention, you can contact support staff at either broker by email.
| Specification | Binomo | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 7/10 | 10/10 |
| Live Chat: | Available | Available |
| Phone support: | Not available | Available |
| Email support: | Available | Available |
(Risk warning: Trading involves risks)
Underlying assets
It gets monotonous and frustrating to trade only one kind of asset. A trader should look for opportunities in different assets and try to diversify the portfolio.
A trader can diversify his portfolio only if he has a choice. In the absence of different underlying assets, a trader can do nothing but trade only one kind of asset.
Pocket Option has over 100 different underlying assets in which you can trade and earn profits. On the other hand, Binomo offers you over 40 assets to trade. These assets include Cryptocurrencies, forex, binary options, commodities, etc.
The number of assets in Pocket Option is high, which is a reasonable choice if you are looking for a broker that offers a variety of assets. You can choose Pocket Option if you are an advanced trader. However, a beginner can start their journey with Binomo.
| Specification | Binomo | Pocket Option |
|---|---|---|
| Rating (based on this review): | 6/10 | 8/10 |
| Return on Investment: | Up to 87%+ | Up to 90%+ |
| Binary Options: | Yes | Yes |
| Forex/CFD Trading: | Available | Available |
| Number of Assets: | 200+ including Forex, Commodities, Stocks, Cryptocurrencies | 150+ across various classes, including Forex, Commodities, Stocks, Cryptocurrencies |
| OTC Trading: | Available | Available |
| Trade Execution Speed: | 0,5 ms | 0,5 ms |
Regulation
It would be unwise for a trader to register with an unregulated broker. Traders must research the broker if they do not want to be scammed by the fraudsters.
The best way to judge whether a broker is a scammer is to find out about its regulator. Binomo and Pocket Option top the list of best brokers because they get regulated by the IFC and IFMRRC, respectively.
The International Finance Commission oversees the operations of Binomo, making Binomo a safe platform to trade on. The International Financial Market Relations Regulation Centre regulates the operation of Pocket Option. Both brokers are legitimate and you can register with them without any hesitation.
| Specification | Binomo | Pocket Option |
|---|---|---|
| Rating (based on this review): | 5/10 | 8/10 |
| Regulation: | Regulated by the IFC, certified by CROFR | Regulated by IFMRRC, Mwali International Services Authority |
| European Regulation: | No | No |
| US Regulation: | No | No |
| Other Regulators: | Not specified | Not specified |
(Risk warning: Trading involves risks)
Bonus Comparison: Binomo vs. Pocket Option
| Specification | Binomo | Pocket Option |
|---|---|---|
| Rating (based on this review): | 5/10 | 8/10 |
| Deposit Bonus: | 50% of the deposit amount | Up to 50% on first deposit |
| Other Bonuses: | Yes, no deposit bonus available | Various other types of bonuses are available |
| Bonus Turnover Requirement: | 35 to 40 times the bonus amount (depending on bonus type) | 50 times the bonus amount |
| Withdrawal of Bonus: | After meeting turnover requirements, usually processed within 1-3 business days | After meeting turnover requirements, processed within 1-3 business days |
Education center
The best way to grow as a trader is to educate yourself and do your research. A broker that provides educational resources to its clients will become an excellent choice for you.
Both Binomo and Pocket Option offer a lot of educational material to their clients.
These online trading platforms offer access to many webinars, seminars, trading journals, and magazines. The education centers of these two brokers excel in providing quality material to their customers. So these two trading platforms are perfect if you want to register with the one that offers you the best educational content.
Margin Trading Comparison: Binomo vs. Pocket Option
In a comparison of margin trading, Binomo scores 0/10, lacking margin trading options, whereas Pocket Option excels with a 9/10 rating, offering this feature. Binomo uses its own platform, while Pocket Option provides the advanced MetaTrader 5 and its own platform. The maximum leverage available with Pocket Option is an impressive 1:1000, adjustable to suit different trading strategies, a feature not applicable to Binomo.
| Specification | Binomo | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 0/10 | 9/10 |
| Margin Trading: | Not available | Available |
| Platform: | Binomo platform | MetaTrader 5, Pocket Option platform |
| Maximum Leverage: | Not applicable | 1:1000 (adjustable) |
Charting tools and indicators
Charting tools and indicators offered by the broker depict the quality of the broker. Using binary options charts and indicators to build your trading strategies and decisions can help you win maximum trades.
Pocket Option and Binomo have a lot to offer their customers. These trading platforms have several trading tools that you can use to maximise your online profits.
All the top Binomo indicators are available on this platform. But Pocket Option also offers them. If charting tools and indicators are your concern, you can choose one of these brokers.
| Specification | Binomo | Pocket Option |
|---|---|---|
| Rating (based on this comparison): | 8/10 | 9/10 |
| RSI indicator: | Available | Available |
| Moving average indicator: | Available | Available |
| MACD indicator: | Available | Available |
What is Pocket Option?
Pocket Option is a binary broker that offers four basic assets in a large category: cryptocurrencies, forex pairs, commodities and stocks. In addition, some famous cryptos such as Ethereum and Bitcoin are offered by this platform with over 30 forex currency pairs such as USD/GBP.
Furthermore, Pocket Option has over 14 types of timeframes ranging from 30-second trading sessions to an hour session. They provide 30 technical indicators with 9 graphical tools and market signals. You need to make a minimum of $50 deposit on Pocket Option with a 50% bonus on the first bonus. You can use a wide range of payment methods too.
(Risk warning: Trading involves risks)
Features of Pocket Option
As an educative feature, you get to open a Pocket Option demo account with $10,000 virtual funds, which can be used like real cash in the market in real-time.
So basically you get an excellent trading experience without losing any money but learning how the market would position itself.
- You get a 50% bonus on the first deposit you make on this platform as an encouragement from the binary options broker to start trading with more money.
- A wide range of payment options are available such as Bitcoin payments, credit cards, Perfect Money, MasterCard, debit card, Visa and wire transfer.
- You can even get a minimum trade of $1 after making your first deposit.
- The company is regulated by the International Financial Markets Relations Regulations Centre, an independent organisation.
The platform also offers trading signals, which are basically hints about assets in the market that can influence a client’s choice of asset during a trade.
Pocket Option also runs tournaments and contests where traders can win promo codes and bonuses as an incentive and promotional activity.
What is Binomo?
As a broker certified by the International Financial Commission, Binomo is a digital trading platform where trading is convenient and the platform is user-friendly. You can use the official website or even download the Binomo mobile app on your iOS or Android smartphone.
Trading has become so easy as you can trade at any time of the day with no limits and market data is available at all times. They also have a binary options demo account feature where you can practice and train through various competitions and even ask about your problems through customer service.
You can use various tools during trading and there are already strategies that can be used to increase the chances of winning the trade. In addition, Binomo is certified by a member of the IFC or International Financial Commission in the year 2018.
(Risk warning: Trading involves risks)
Features of Binomo
Binomo is verified by “Verify My Trade”, an independent organization committed to providing quality service and transparency to its customers.
Binomo is also regulated by the International Financial Commission (IFC), which makes them reliable and secure.
There are various kinds of accounts that you can open with this platform, such as demo accounts, standard accounts, gold accounts, Binomo VIP accounts, etc.
You can use a variety of payment methods including debit and credit cards, cryptocurrency, and eWallets.
However, withdrawals can be funded back to the trading account source, meaning that the payment method you used to deposit will receive the withdrawal.
There is no fee charged for deposits or withdrawals on Binomo as well as no commission is charged.
Which platform is better in comparison?
While Binomo allows forex trading, binary options trading and algorithmic trading, Pocket Option offers all of these and some additional features. Pocket Option offers cryptocurrency exchange on its forum, while Binomo only offers withdrawals and deposits in the form of currency.
You can trade cryptocurrencies on margin on Pocket Option, while Binomo does not allow this feature.
The Pocket Option broker offers a 50% bonus on the first deposit, while Binomo does not offer a bonus.
- Binomo only allows fixed-time trades as instruments, whereas Pocket Option has a variety of instruments such as Forex currency pairs, commodities, stocks, and crypto.
- Pocket Option requires a $50 initial deposit, while Binomo only requires a $10 deposit. The platform allows you to receive trading signals during your trades to get the best instrument to trade according to current market trends.
Pocket Option also runs tournaments so that clients can win bonuses, rewards and promo code prizes, whereas Binomo doesn’t do anything special.
You can socially trade or copy trades of experienced traders on the Pocket Option platform, unlike Binomo where this feature is not allowed.
Conclusion: Pocket Option wins the comparison
In conclusion, after a comprehensive comparison between Binomo and Pocket Option, it is clear that Pocket Option has a slight edge over Binomo. We can say that Pocket Option offers a plethora of features, including multiple assets, social trading, copy trading, and exciting tournaments with rewards, making it a more versatile and user-friendly platform for traders of all levels.
Although Binomo has its advantages, such as a lower minimum deposit and a user-friendly interface, the variety and quality of features offered by Pocket Option make it the preferred choice for those looking to maximize their trading experience and profitability. We recommend choosing Pocket Option.
(Risk warning: Trading involves risks)
Frequently asked questions about Binomo vs Pocket Option
How does Binomo compare to Pocket Option in terms of minimum deposit?
Binomo is more favorable for traders looking to start with a smaller initial investment, requiring only a $10 minimum deposit, whereas Pocket Option requires a $50 minimum deposit. This makes Binomo a more accessible platform for new traders or those with limited capital.
Are demo accounts available for both Binomo and Pocket Option?
Yes, both Binomo and Pocket Option offer demo accounts, providing traders with $1,000 of virtual money to practice and develop their trading skills in a risk-free environment. This feature is crucial for beginners to familiarise themselves with the platforms and for experienced traders to test new strategies.
Which platform offers a first deposit bonus in the Binomo vs. Pocket Option comparison?
Pocket Option leads the way in this regard, offering a 50% bonus on the first deposit, providing traders with additional funds to start their trading journey. Binomo, on the other hand, does not offer a first deposit bonus, making Pocket Option the more rewarding choice in terms of bonuses.
How do Binomo and Pocket Option compare in terms of asset diversity?
Pocket Option offers a wider selection of over 100 different underlying assets, giving traders a wider range of diversification and investment options. Binomo offers a more limited selection with over 40 assets available for trading. For traders looking for variety, Pocket Option is the better choice in the Binomo vs.
Is social or copy trading available on Binomo and Pocket Option?
Pocket Option supports social or copy trading, allowing traders to follow and replicate the trades of experienced traders, which can be particularly beneficial for beginners or those looking to learn new strategies. Binomo does not offer this feature, making Pocket Option the better option for those interested in social trading.
