6 minute read
Pocket Option vs Fxpro: Which Broker Is Right for You?
from Pocket Option
If you're torn between Pocket Option and FxPro, here's the short answer: Pocket Option is ideal for beginners seeking simplicity and binary options trading, while FxPro is better suited for experienced traders looking for multi-asset trading with tighter spreads and stronger regulation. Now, let's dig into the details so you can choose the broker that best fits your goals.
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1. Trading Platforms: Ease of Use vs Professional Tools
Pocket Option
Pocket Option shines when it comes to simplicity. Its web-based platform is incredibly easy to use, especially for beginners. You don’t need to install anything—just log in and start trading. The interface is clean, intuitive, and focused almost entirely on binary options.
You get:
· One-click trading
· Customizable chart types (line, candlestick, bar)
· Technical indicators like RSI, Bollinger Bands, and Moving Averages
· A social trading feature that lets you copy trades from other users
However, Pocket Option lacks advanced tools like market depth, algorithmic trading, or the ability to use external charting platforms like TradingView or MetaTrader.
FxPro
FxPro offers a full suite of professional-grade platforms, including:
· MetaTrader 4 (MT4) and MetaTrader 5 (MT5) – the industry standard for forex and CFD trading
· cTrader – known for fast execution and transparency
· FxPro Edge – the broker's proprietary web-based platform
These platforms provide advanced charting tools, algorithmic trading capabilities (via Expert Advisors), backtesting environments, and more. If you’re a technical trader or use bots and scripts, FxPro has what you need.
Verdict: Choose Pocket Option for a beginner-friendly, no-frills experience. Go with FxPro for professional tools and more control over your trades.
2. Asset Selection: Binary Options vs Multi-Asset Trading
Pocket Option
Pocket Option focuses mainly on binary options. You can trade:
· Currencies (Forex pairs)
· Stocks
· Commodities
· Cryptocurrencies
But the key limitation here is that all trades are binary. That means you’re betting on whether an asset’s price will go up or down within a certain time frame—no leverage, no lot sizes, and limited strategic depth.
FxPro
FxPro supports CFD trading on a wide range of assets:
· Forex (70+ currency pairs)
· Indices
· Shares (US, UK, and EU stocks)
· Commodities (Gold, Oil, etc.)
· Cryptocurrencies
· Futures
You can go long or short, use leverage, set stop-loss and take-profit levels, and execute more sophisticated strategies. FxPro’s trading model is more aligned with active day traders, swing traders, and professionals.
Verdict: If binary options are your preference, Pocket Option is the way to go. If you want diversified exposure and strategic trading options, FxPro offers a deeper toolkit.
3. Regulation and Trust: Safety of Funds
Pocket Option
Pocket Option is operated by Gembell Limited and registered in the Marshall Islands. While the platform is popular and widely used, it is not regulated by any major financial authority like the FCA (UK), CySEC (Cyprus), or ASIC (Australia).
This lack of oversight can be risky. Although many users report successful withdrawals, there's no institutional safeguard if something goes wrong.
FxPro
FxPro is fully regulated by top-tier authorities:
· FCA (UK) – one of the most respected regulators in the world
· CySEC (Cyprus)
· FSCA (South Africa)
· SCB (Bahamas)
This gives you:
· Segregated client funds
· Negative balance protection
· Transparent dispute resolution processes
Verdict: FxPro wins hands-down in terms of regulation and investor protection. If security is your priority, FxPro is the safer choice.
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4. Fees and Spreads: Cost of Trading
Pocket Option
With Pocket Option, you don’t pay spreads or commissions in the traditional sense. Instead, you’re given a fixed payout (often 80%–95%) if your prediction is correct. If not, you lose your stake.
There are no trading fees per se, but the "house edge" is baked into the payout structure—over time, it’s statistically designed for the platform to profit.
Also, withdrawal fees may apply depending on your method and region.
FxPro
FxPro operates on two pricing models:
· Spread-only accounts (e.g., FxPro MT4/MT5 Instant)
· Raw spreads + commission accounts (e.g., FxPro cTrader)
Typical spreads start from:
· 1.2 pips on standard accounts
· 0.0–0.3 pips + $4.50 per lot on cTrader accounts
There are no deposit fees, but third-party withdrawal fees can apply.
While FxPro’s costs are transparent, they can be relatively high for small accounts compared to ultra-low-cost brokers.
Verdict: For short-term binary options, Pocket Option offers simplicity. For long-term and leveraged CFD trades, FxPro offers better pricing transparency.
5. Minimum Deposit and Account Setup
Pocket Option
· Minimum deposit: $5
· Account types: Standard
· Demo account: Yes (with $10,000 virtual funds)
You can start trading in minutes using a credit card, e-wallet, or crypto. No ID verification is required to try the demo or even make a small real-money deposit.
FxPro
· Minimum deposit: Recommended $100 (though technically no minimum for some accounts)
· Account types: MT4, MT5, cTrader, and Edge
· Demo account: Yes
You’ll need to provide ID and go through a KYC (Know Your Customer) process before you can trade live. This is standard with regulated brokers.
Verdict: Pocket Option is easier to start with if you want to try trading quickly and with minimal capital. FxPro requires more commitment but offers more in return.
6. Educational Resources and Support
Pocket Option
Pocket Option has basic tutorials and articles on how binary options work. It also offers:
· Video tutorials
· Trading signals
· Daily tournaments (with cash prizes)
· A social trading feed
However, the content is not very in-depth or analytical.
FxPro
FxPro offers a comprehensive educational suite:
· Webinars
· Articles and strategy guides
· Economic calendar
· Market news and analysis
· Platform-specific tutorials
This broker is more focused on educating serious traders who want to improve their long-term performance.
Verdict: FxPro offers more robust education. Pocket Option caters more to casual traders.
7. Mobile App Experience
Both platforms offer mobile apps, but the experience differs:
· Pocket Option App: Simple, fast, focused on binary trades. Ideal for quick predictions on the go.
· FxPro App: More complex, but you get access to market news, price alerts, and all asset classes. You can also link to MT4 or cTrader mobile platforms.
Verdict: For casual, fast-paced trading, Pocket Option's app is better. For serious mobile analysis, FxPro's app wins.
Final Verdict: Which Broker Should You Choose?
Choose Pocket Option if:
· You’re a beginner who wants to trade binary options
· You prefer simple platforms and fast decision-making
· You’re okay with limited regulation
· You want to start with as little as $5
Choose FxPro if:
· You want access to Forex, stocks, crypto, and commodities
· You value strong regulation and fund security
· You use technical analysis, bots, or trade strategies
· You’re aiming to grow as a professional trader
Conclusion
Both Pocket Option and FxPro serve very different purposes. Pocket Option is a binary options platform aimed at accessibility and simplicity, whereas FxPro is a regulated multi-asset broker built for performance, strategy, and depth.
Your choice ultimately depends on your trading goals, experience level, and risk tolerance. If you’re just dipping your toes in, Pocket Option may offer an easier entry point. But if you’re serious about building a long-term trading career, FxPro offers the infrastructure and tools to support that growth.
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