Pocket Option vs IQ Option
Pocket Option or IQ Option – which is better for UK traders 2024? Compare Pocket Option and IQ Option in this detailed breakdown of their platforms, features and fees.
Pocket Option | IQ Option |
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Pocket Option is ranked #1 among binary options brokers. | IQ Option is ranked #97 among CFD brokers. |
Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders. |
IQ Option has closed or no longer accepts UK clients.
IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10. |
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | No |
Instruments | |
Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos | CFD, Forex, Crypto, Stocks, Digital Options |
Bonus | |
50% Deposit Bonus | |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$50 | $10 |
Payment Methods | |
Minimum Trade | |
$1 | 0.001 Lots |
Regulator | |
MISA | |
Mobile Apps | |
iOS & Android | iOS, Android and Windows |
Trading App | |
Pocket Option delivers an excellent mobile trading experience directly through mobile and tablet browsers, without needing a native app. You can easily customize charts using the settings at the top while placing trades in one click is a breeze using the ‘higher’ and ‘lower’ buttons at the bottom of the screen. The interface also adapts seamlessly to horizontal viewing, mirroring the desktop layout for a consistent user experience. |
IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless. |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
Margin Rate | |
0.2% | |
MetaTrader 4 | |
Yes | No |
MetaTrader 5 | |
Yes | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | No |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | Yes |
Market Maker | |
No | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | No |
Auto Trading | |
Yes | |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
Pocket Option hosts a user-friendly social trading service. Available in the platform, you can use the ‘Top Ranked Trades’ leaderboard, among others, to find traders to follow. The social trading solution is also available 24/7 and has active community chats. Tip: check the number of trades made and profit generated over several months rather than comparing providers over a few days. | |
Social Trading | |
Yes | No |
Trade Signals | |
Yes | |
VPS Hosting | |
No | No |
Tournaments | |
Yes | Yes |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
No | Yes |
Account Currencies | |
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Commodities | |
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CFD | |
IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available is in line with EU restrictions, to a maximum of 1:30 on major forex pairs but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform. | |
Leverage | |
1:500 | |
GBPUSD Spread< | |
1 | |
Oil Spread | |
2.3 | |
Stocks Spread | |
2 | |
Forex | |
Binary and OTC options can be purchased on 40+ currency pairs, with 55+ currency pairs available if you deposit $1000. Typical payouts are reasonable at 81% and the $1 minimum trade makes the broker accessible to new forex traders. There is also access to the MT4 and MT5 platforms for experienced forex traders. | IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area. |
Assets | |
55+ | 60+ |
GBPUSD Spread | |
N/A | 5 pips |
EURUSD Spread | |
N/A | 14 pips |
EURGBP Spread | |
N/A | 15 pips |
Cryptocurrency | |
Pocket Option offers a modest crypto offering with 10+ digital currencies including Bitcoin and 65+ tokens if you deposit $1000. The integrated analytics feature in the platform is helpful for finding opportunities, while the daily signals service makes it straightforward to act on short-term crypto opportunities. | IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software. |
Spread | |
N/A | BTC 7%, ETH 12% (Var) |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
Pocket Option offers ultra-short-term binaries from 5 seconds on one of the simplest web platforms for beginners. Payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. Considering the negatives, the suite of 130+ assets trails binary brokers like Quotex, which offer 400+. | IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+. |
Payout | |
92% | 91% |
Expiration Times | |
5 seconds - 4 hours | |
Boundary Options | |
No | Yes |
Ladder Options | |
No | Yes |
Pocket Option | IQ Option |
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
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