Pocket Option trading review. Pocket Option is one of the best platforms for online trading for traders of all skill levels.
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The Pocket option trading review.

8.8 / 10

The Pocket Option broker started to offer binary options trading services in 2017. The company was founded by Gembell Limited, based in the Marshall Islands. In 2018, the broker obtained a certificate of conformity issued by IFMRRC.

All trading involves risk. Only risk capital you’re prepared to lose.
The  Pocket option trading review.
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About Broker

The Pocket Option broker offers a favorable environment for successful binary options trading.

The Pocket Option broker started to offer binary options trading services in 2017. The company was founded by Gembell Limited, based in the Marshall Islands. In 2018, the broker obtained a certificate of conformity issued by IFMRRC. And after it, its active development started. In only four years, the platform attracted more than 10 million traders. And according to the Pocket Option review, every minute, the active traders earn 150 thousand dollars in total. Trading is allowed around the clock, including weekends. Even on days off, 7000+ people are actively trading on the platform. There are over 100 trading assets to choose from.

The company accepts traders from 95+ countries. The Pocket Option platform will be an excellent solution for beginners that are only starting their trading careers. Newcomers can immediately trade on the Pocket Option demo account for free and without registration. Furthermore, the broker provides plenty of effective educational and analytical materials that help master the art of trading. Keep reading this Pocket Option broker review to learn all the benefits the user gets trading here.

Pocket Option trading
Pocket Option trading

Regulation

If you are going to trade for real money, make sure you check in advance that the broker is allowed to provide online trading services. It is the first and foremost condition of safe trading.

The Pocket Option broker is regulated by the IFMRRC (International Financial Market Relation Regulation Center). It is an independent regulating authority that monitors online broker companies. The company has to match certain criteria to be approved for this certificate. Besides, the platform uses additional security tools like 2-factor-authentification and SSL certificate to protect trading accounts. So if you are puzzled with the question is Pocket Option scam or not, it is not. But unfortunately, Pocket Option has no more licenses at the moment.

Official Site and Registration

The PocketOption website is a fairly well-thought-out Internet resource in terms of ease of use and information content. You can easily find all the necessary information on the site: trading conditions, financial services, the number of assets, and all sorts of bonus offers. Moreover, you can immediately test the broker's terminal via the Pocket Option demo, which is available even without a Pocket Option login.

The registration process is very simple and fast. You only have to press the Registration button on the main page and fill out the form with all the necessary data - email and password. In a second, you will have access to your own account, the opportunity to train skills on the demo with the full functionality of the platform and use the rest of the site's services. You can also register through your existing Facebook and Google accounts.

After registration, you need to prove your identity. For this, you will have to state additional personal details and upload a photo of your passport and any document that would confirm the address of residence. Pocket Option verification can be passed at any time, but this procedure will be needed to withdraw funds.

Trading Conditions

Despite its very young age, this broker is a strong competitor to other forex brokers.

Minimum deposit $ 50
Minimum trade $ 1
Demo account Yes, $ 10,000 virtual account
Trading assets 100+
Profitability Up to 95%
Analytics Available
Training Available
Payment methods 50+, including bank transfers, bank cards, e-payments.
Customer support Several channels working 24/7
Several channels working 24/7 First deposit bonus, special bonuses for active trading.

For now, the broker offers for trading only binary options of the classic type, based on an upward or downward trend. The expiration period of transactions lasts from 0.5 to 30 minutes. Unfortunately, unlike other brokerage platforms, there are no options types such as turbo, ladder or other. The situation with a limited number of options may somewhat complicate the process of creating a unique Pocket Option strategy and adjusting the trading activity.

Pocket Option Platform

This broker platform is one of the best you can find among binary options brokers. A trading terminal is very important as it plays a crucial role in the success of your trading career.

Pocket Option has created its own trading terminal and provides not only Web and mobile versions of the trading software but also a separate program with advanced functionality. You can download it from the official website and install on your computer. The installation file for Pocket Option broker download can be found on the broker's official website – it is absolutely free.

The Pocket Option broker apk is modern and easy to navigate. It also offers a whole set of advanced features:

  • You will get access to 14 integrated indicators;
  • Multiple tools for graphical analysis;
  • 12 timeframes are supported (starting from 5 seconds);
  • You can adjust the chart to be displayed in the form of bars, lines, Japanese or Heiken Ashi candles;
  • The terminal supports social trading - automatic copying of other people's signals;
  • There are limit orders;
  • There is a function of canceling unprofitable trades and risk-free trades – these can be obtained through the internal trading platform.

You will be able to choose from the following trading instruments:

  • 32 types of currency pairs. Of these, the most commonly used are EUR / USD, USD / JPY, GBP / USD, USD / RUB, NZD / USD.
  • 19 options for securities. You will get access to the shares of the largest holdings from the USA and Europe.
  • 41 crypto assets. The most popular are Litecoin, Ethereum, Ripple, as well as BTC / USD and BTC / EUR pairs.
  • 4 raw material objects. This group includes oil and precious metals, in particular gold and silver.

Since 2020, Pocket Option allows access to MetaTrader 5. This terminal is very popular and is used by almost 80% of all brokers around the world. The platform is ideal for technical analysis and automated trading. Overall, MetaTrader 5 offers more advanced features than the broker proprietary platform.

Pocket Option interface
Pocket Option interface

Account Types

Pocket Option offers 7 trading accounts to choose from.

Account type Higher profitability Maximum deal amount Access to the Forex market Refund of trades closed with a difference of 1 point
Pocket Option demo no no no no
Newbie (balance up to $ 100) no $ 1000 no no
Beginner ($ 100-999) no $ 1000 no no
Experienced ($ 1000-4999) 0.02 $ 1000 yes no
Master ($ 5000-14,999) 0.04 $ 2000 yes Up to $ 10
Professional ($ 15,000-49,999) 0.06 $ 3000 yes Up to $ 50
Guru (from $ 50,000) 0.08 $ 5000 yes Up to $ 100

Payment Methods

Overall, the broker supports almost all popular methods of deposits and withdrawals:

  • Banking cards;
  • Electronic systems Webmoney, Skrill, Neteller, Payeer, Advcash, Perfect Money, Yandex.Money and many more;
  • Cryptocurrency wallets.

Pocket Option minimum deposit is $ 50, and the withdrawal amount starts from $ 10. Pocket Option withdrawal requests are processed within 24 hours, in some cases, two business days are required.

The platform does not charge commissions for account top-ups and money withdrawals. When replenishing a deposit, the commission may be charged by the chosen payment system but not by the broker.

Pocket Option Payments
Pocket Option Payments

Training

Pocket Option offers plenty of educational materials that will be useful for both newly joined traders and professionals.

All of the following materials are available to registered users:

  • Video courses. There are video tutorials on the YouTube channel.
  • Glossary. Here you can find definitions and descriptions of most of the terms used in the process of trading.
  • Forex Trading Guide. Here you will find general rules and advice for beginner traders for their first steps in the Forex world.
  • Support. A personal manager is ready to answer all the questions that you may have.

Customer support

Traders often underestimate the importance of strong technical support. No matter how much expertise in trading you may have, there can be a lot of situations where you would need an operator’s help. Pocketoption has set up a strong technical team. It is highly graded for instant answers and prompt solutions. The broker provides four communication channels:

  • A live chat on the site – it is the fastest method to get a response;
  • A contact form on the platform. You will need to leave your email, and the reply will be sent to your post box;
  • You can send an email to the following addresses - support@pocketoption.com and finance@pocketoption.com;
  • And it is possible to reach the operator using a free hotline 0-800-088-5535.

The clients of the platform comment that the broker deals with all queries and issues very fast.

Bonuses

Pocket Option has developed a bonus system. Once you become a registered user of the platform, you can get the following incentives.

Pocket Option deposit bonus. You can get up to 50% of the bonus depending on the sum of your deposit. You can use the bonus funds for trading. But if you want to withdraw them, it will be possible once you read net trading volume 50 times exceeding your bonus. For more details, take time to read the Pocket Option promo code section.

Another way to get special bonuses from the broker is to carry out active trading and earn a rating. For this, a trader receives a lot of awards for each achievement. When making deals for real money, you get points in the form of precious stones - gems. These bonuses can then be exchanged in a special market for various incentives - promotional codes, additional bonuses, risk-free deals, increased cashback, boosters, and other promotions.

Advantages and Disadvantages of Pocket Option

Like each trading platform, Pocket Option has its strong sides and weaknesses. Speaking of the benefits, it will be fair to mention the following ones:

  • Excellent platform. The site of the broker is praised for its high speed, rich functionality, informational content and convenience. Also, a large amount of training materials and other information are provided free of charge.
  • Social trading.  The platform allows copying the strategies of successful traders by using the Pocket Option robot.
  • A huge number of different bonuses. A trader can get up to 50% for opening a real account. Also, everyone can receive other bonuses for their account and increase the potential profit from trading.
  • Sufficient amount of assets for trading. The broker supports over 100 different assets, including currency pairs, indices, stocks, cryptocurrencies.
  • Pocket Option demo trading. You can test trading terminal with $ 10,000 of virtual currency.
  • Non-stop online support. The broker has an online chat feature, allowing traders to get additional information. Also, you can write to the mail: support@pocketoption.com.
  • Mobile trading. Thanks to the responsive design of the website and trading platform, you can trade binary options from any device: PC, tablet, smartphone, etc. Also, you can download Pocket Option broker app for iOS and Android.
  • Pocket Option signals. The Pocket Option broker allows its clients to trade using trading signals: there is a whole section with signals for any currency pair or asset and for a large number of time periods.

There is only one minus found on the trading platform – insufficient regulation of the broker. But let’s hope that the company is working on it and will soon provide additional licenses.

In general, the Pocket Option platform is one of the best trading platforms on the Internet. Besides its own terminal, the broker supports the renowned MetaTrader 5. It is very functional, and you get access to a huge variety of tools and functions. There are free indicators for analysis, charts can be done professionally, and you can use signals or social trading. The platform is available for any device. So as you see, Pocket Option offers more advantages than other trading platforms.

What is pocket option?

It is a brokerage company providing online trading services. You can trade binary options and forex CFDs with this broker. Overall, there are 100+ trading assets and access to MT5 terminal. The platform accepts traders from all over the world.

Are pocket options Safe?

Even if the platform does not seem to have the licenses from the highest regulating authorities at the moment, the broker has a strict privacy policy. Besides, the platform uses additional security tools like 2-factor-authentification and SSL certificate to protect trading accounts.

Is Pocket option legal?

The Pocket Option broker is regulated by the IFMRRC (International Financial Market Relation Regulation Center). It is an independent regulating authority that monitors online broker companies. The company has to match certain criteria to be approved for this certificate.

SUMMARY
RECOMENDED
Easy to use
10 / 10
Reputation
9 / 10
Minimizing Fees
8 / 10
Customer support
7 / 10
Deposit/withdrawal
10 / 10
Build-in Analytics
9 / 10
8.8
PROS
+
A huge number of different bonuses
+
Sufficient amount of assets for trading
+
Non-stop online support
+
Mobile trading
+
Pocket Option signals
CONS
-
Slow Customer Support
-
Country Restrictions
-
withdrawal procedure is too slow
Broker: Pocket Option
Founded in: 2017
Minimum deposit: $50
Demo account: Free
Commissions & fees: 0,1-25%
Regulation: CROFC
Types of Trading:

Binary options
Commodities
Currencies
Cryptocurrencies
Stocks
Visit official website
Broker’s statistic
Broker: Pocket Option
Founded in: 2017
Minimum deposit: $50
Demo account: Free
Commissions & fees: 0,1-25%
Regulation: CROFC
Types of Trading:

Binary options
Commodities
Currencies
Cryptocurrencies
Stocks