6 minute read
Pocket Option vs BingX: Which Broker Is Right for You?
from Pocket Option
If you’re stuck choosing between Pocket Option and BingX, you're not alone. These two platforms offer vastly different trading experiences, and selecting the right one can dramatically impact your results. So which broker is right for you? The short answer is this:
👉 Choose Pocket Option if you're into binary options with a simple, gamified interface.👉 Choose BingX if you're more serious about crypto trading, copy trading, and a regulated ecosystem.
Let’s dive deeper into how each platform works, their features, pros, cons, and who exactly should use which one.
💥 Trade with Pocket Option now: Open An Account 👈
What Is Pocket Option?
Pocket Option is a binary options broker launched in 2017 and operated by Gembell Limited. It’s known for its ultra-simplified approach to trading, allowing users to bet on whether an asset’s price will go up or down within a short time frame—often just 60 seconds. The platform is popular for its low barrier to entry, gamified interface, and support for a wide range of assets.
Core Features:
· Binary options trading (up/down prediction)
· Over 100 assets (Forex, stocks, crypto, commodities)
· Copy trading feature
· Tournaments and achievements
· Mobile and web platforms
· Deposits starting at $10
· Demo account with virtual money
Who It’s For:
· Beginners looking to experiment with binary options
· Traders who want quick results and a low-stress interface
· Users who prefer mobile-first platforms with gamification
What Is BingX?
BingX, founded in 2018, is a crypto-focused exchange offering spot, derivatives, and copy trading features. Unlike Pocket Option, BingX is a regulated platform with licenses from Canada’s FINTRAC, US MSB, and others. It caters to both beginner and professional traders who want deeper tools and a safer environment.
Core Features:
· Spot and perpetual trading of cryptocurrencies
· Copy trading from top-ranked traders
· Real-time market data and advanced charting
· Staking, grid trading bots, and P2P trading
· Regulated in several jurisdictions
· Multiple order types and leverage up to 150x
Who It’s For:
· Crypto traders (beginners to advanced)
· Investors who value regulation and platform transparency
· Users looking for stable passive income options like copy trading or staking
Pocket Option vs BingX: Key Differences
1. Trading Model
Pocket Option is purely based on binary options, meaning you only choose if the price of an asset will rise or fall. It’s fast, simple, and risky. If you're right, you earn a fixed return. If you're wrong, you lose your stake.
BingX, on the other hand, is a full-fledged crypto exchange. It allows you to buy, sell, and hold cryptocurrencies, trade with leverage, and even copy professionals.
✅ Verdict: Choose Pocket Option for quick, speculative trades. Choose BingX for real trading and crypto investing.
2. Risk and Reward
Binary options, while potentially lucrative, are inherently high risk and often criticized for being closer to gambling than trading. Pocket Option does offer high payouts (up to 92%), but the win/loss nature means your account can drain fast.
BingX supports margin and futures trading, which also involve risk—but with tools like stop-loss orders and portfolio diversification, you can manage your exposure much more intelligently.
✅ Verdict: If you want risk with control, BingX is better. If you're okay with all-or-nothing outcomes, Pocket Option works.
💥 Trade with Pocket Option now: Open An Account 👈
3. Regulation and Trustworthiness
Pocket Option is not regulated by any major financial authority. Although it’s used globally, the lack of regulation means less protection for traders. It has faced criticism for its opaque policies and high-risk model.
BingX is registered with FINTRAC (Canada), MSB (US), and AUSTRAC (Australia). This gives it a much higher trust level, especially when handling large amounts of money or trading professionally.
✅ Verdict: BingX is significantly more secure and trustworthy.
4. Copy Trading
Both platforms offer copy trading, but with different scopes.
Pocket Option allows you to follow other binary traders and mirror their trades automatically. It’s simple but lacks depth.
BingX takes copy trading to another level, with verified trader profiles, historical performance data, win/loss ratios, and the ability to allocate precise capital per trader. You can even set conditions for when the system should stop copying.
✅ Verdict: BingX offers more professional-grade copy trading.
5. Asset Variety
Pocket Option offers a wide variety of assets—not just crypto. You can trade Forex, commodities, indices, and stocks via binary options.
BingX is crypto-centric but includes some synthetic indices and forex trading pairs in its derivatives section.
✅ Verdict: Pocket Option wins for diversity of asset classes, while BingX is ideal for crypto-focused users.
6. User Experience
Pocket Option’s interface is sleek, colorful, and intuitive. It’s designed to be mobile-friendly and easy to use. Gamification elements like achievements, rewards, and tournaments keep users engaged.
BingX offers a professional-grade interface, similar to Binance or Bybit. The learning curve is steeper, but the trading tools are far superior. It also supports mobile apps and web platforms, but the focus is more on utility than design.
✅ Verdict: Pocket Option is better for simplicity and fun, while BingX is better for serious traders.
7. Fees
Pocket Option does not charge trading fees but earns money via spreads and losing trades (as the broker is the counterparty). This can create a conflict of interest.
BingX has transparent trading fees:
· Spot: 0.1%
· Derivatives: As low as 0.02%It also offers fee discounts through referrals and promotions.
✅ Verdict: BingX offers more transparent and fair pricing.
Which Broker Should You Choose?
👉 Choose Pocket Option if:
· You’re new to trading and want to start small
· You like fast-paced, high-risk/high-reward binary options
· You’re okay with limited regulation
· You want to trade more than just crypto
· You value gamification and quick sessions
👉 Choose BingX if:
· You’re serious about crypto trading and investing
· You want to build a portfolio with professional tools
· You want access to regulated platforms
· You’re interested in long-term, passive income through copy trading or staking
· You prefer a transparent fee structure
Final Thoughts: Pocket Option vs BingX
Both Pocket Option and BingX serve very different purposes, and choosing the right broker depends entirely on your goals.
If you want quick, adrenaline-fueled trading with small capital, Pocket Option might suit you. But if you want a more secure, transparent, and growth-focused platform, BingX is the better choice.
Still undecided? Try both with demo accounts:
· Pocket Option gives you $10,000 in virtual funds
· BingX offers demo trading in futures markets
Test them side-by-side and see which fits your trading style best.
💥 Trade with Pocket Option now: Open An Account 👈
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