Pocket Option Review
Table of Contents
|Feature Title||Feature Value|
|🗺️ Year Founded||2017|
|🏢 Headquarters||Marshall Islands|
|⚖️ Tier-3 Licenses||Yes|
|Minimum Initial Deposit||$50|
|Leverage (EU Clients)||1 : 100|
|Leverage(Non-EU-Clients)||1 : 100|
|Average Spread EURUSD||0.8 pips|
|💰 Withdrawal fee||No|
|Withdrawal Time||Within 1 hour|
|💰 Inactivity Fee||No|
Pocket Option is a well-known platform in the binary options trading world, offering a variety of trading tools and features for both novice and experienced participants. As a preferred option among traders, the platform has gained positive reviews and recognition for its user-friendly interface, diverse asset offerings, and support services. In our Pocket Option review, we aim to provide you with a comprehensive overview of the platform, exploring its strengths and weaknesses to help you make an informed decision about whether it suits your trading goals and strategies.
The platform’s trading interface and functionality appeal to many because of its ease of use, offering quick execution and customisation options. Aside from binary options, the Pocket Option also enables access to forex trading, catering to a wider financial market. It is essential to understand the platform’s available financial instruments, account management options, trading tools, tutorials, and customer support services provided, as well as the platform’s security and regulation to ensure a successful trading experience.
Having said that, we’ll delve further into the aspects of Pocket Option’s services and offerings and will address frequently asked questions among users in our full review.
- Pocket Option is a reputable platform for binary options and forex trading with positive user reviews.
- It offers user-friendly trading interfaces, diverse financial instruments, and quality customer support.
- Our detailed review will cover the platform’s features, tools, security, and frequently asked questions.
What is Pocket Option?
- Daily trading volume: $50 million+
- Registered users: 1.4 million
- Average payout: 82%
- Win rate: 65%
Pocket Option is a binary options broker that offers various trading tools and features for this speculative style of trading. As an online trading app, it provides a platform for binary options and forex trading, enabling traders to participate in these financial markets with confidence and ease.
We recognise that Pocket Option has evolved over the years, resulting in a swift deposit process and the convenience of funds’ receipt within just 2 to 3 days. The platform is available not only as a web app but also as a smartphone app and a MetaTrader 5 integration, broadening its accessibility for all types of traders.
One of the key aspects that sets Pocket Option apart is its user-friendly trading platform. The interface is designed to cater to both novice and experienced traders, offering a range of features such as advanced charting tools and technical indicators for making informed trading decisions. Moreover, Pocket Option’s support team is always available to assist and provide guidance whenever necessary, adding to the overall positive experience of users.
Binary options trading is a high-risk investment method that involves predicting a specific time frame for an asset’s value – whether it will increase or decrease. Pocket Option allows traders to participate in such trades and offers a diverse selection of assets, including popular stocks like Apple.
Although Pocket Option is a non-regulated broker, it has received generally positive reviews, with a rating of 3.8 stars from 288 reviews. This reflects the overall satisfaction of its users, who appreciate the extensive range of trading tools and insightful features offered on the platform.
In essence, Pocket Option is an innovative and reliable binary options broker where traders can engage in binary options and forex trading with ease and access to a wealth of valuable tools and resources at their disposal.
What Did We Like about the Broker
- Acceptance of US Traders: Pocket Option welcomes traders from the United States, providing them with a reliable and accessible trading platform to participate in the financial markets.
- Tournaments, Achievements, and Social Trading: One of the standout features of Pocket Option is the availability of tournaments, achievements, and social trading options. Traders can engage in exciting tournaments, earn achievements, and connect with other traders through social trading. These features enhance the overall trading experience, promote healthy competition, and foster a sense of community among traders.
- Fully Regulated and Trustworthy: Pocket Option operates under the regulation of the International Financial Market Relations Regulation Center (IFMRRC), ensuring compliance with industry standards and providing traders with a secure and trustworthy trading environment. The platform’s commitment to regulation instils confidence in traders, knowing that their funds and personal information are protected.
- Demo Options and Low Minimum Trades: Pocket Option offers users the opportunity to sign up for a demo account, allowing them to explore the platform’s features and functionalities without any commitments. This demo account serves as a risk-free environment for traders to practice their strategies and familiarize themselves with the platform. Additionally, the low minimum trade amount of $1 enables users to start trading with minimal risk and gradually build their trading skills.
- Fast Banking Processing: Pocket Option prioritizes efficient banking processing, ensuring quick and seamless deposits and withdrawals for traders. This feature eliminates unnecessary delays and provides traders with convenient access to their funds, enhancing the overall trading experience.
- Wide Range of Assets: With over 100 assets available for trading, Pocket Option offers a diverse range of options to capitalize on market movements. Traders can choose from a variety of assets, including currencies, stocks, cryptocurrencies, and more. This wide selection enables traders to diversify their portfolios and explore different market opportunities according to their trading strategies and preferences.
Read More: Is Pocket Option Halal?
Additionally, Pocket Option provides a demo account feature, allowing traders to practice their trading strategies and test the platform’s functionalities without risking real money. This invaluable learning tool enables traders, especially beginners, to gain hands-on experience and build confidence before engaging in live trading.
Trading Platform Interface and Functionality
At Pocket Option, we pride ourselves on offering a user-friendly trading platform that caters to both novice and experienced traders. The interface is designed with great attention to detail, ensuring an optimised user experience. Our platform is equipped with hotkeys which provide an intuitive experience, making it easier for you to navigate and place trades.
The platform’s functionality covers a wide range of timeframes, allowing you to make more informed trading decisions. This is especially useful for those who prefer to trade on shorter or longer-term timeframes. Furthermore, the platform is accessible on various devices, offering flexibility for those who prefer to trade on the go.
Pocket Option houses an extensive selection of trading assets spanning across different financial markets, allowing you to diversify your investment portfolio. With hundreds of assets available, you can choose from various categories such as:
- Binary options: Trade a variety of different binary options, including High/Low, Range, and Touch/No Touch options.
- CFD Trading: Take advantage of price fluctuations in popular currency pairs, commodities, and indices.
- Digital Assets: Explore the world of cryptocurrencies, including well-known assets like Bitcoin and Ethereum, as well as lesser-known altcoins.
In conclusion, Pocket Option’s trading platform offers a user-friendly interface and an extensive range of trading assets, allowing you to expand your trading portfolio confidently with ease.
Financial Instruments and Assets
|Currencies||EUR/USD, GBP/USD, USD/JPY, etc.|
|Cryptocurrencies||Bitcoin, Ethereum, Litecoin, etc.|
|Stocks||Apple, Tesla, Amazon, etc.|
|Indices||S&P 500, FTSE 100, Nikkei 225, etc.|
|Commodities||Gold, Silver, Oil, etc.|
In this section, we will explore the variety of financial instruments and assets available to trade on Pocket Option. We will discuss the platform’s offerings related to binary options, forex, commodities, and indices.
At the heart of Pocket Option’s offerings are binary options, a speculative trading instrument wherein traders predict whether the price of an asset will rise or fall within a specified time frame. With Pocket Option, users have access to high/low options, allowing them to make informed decisions on a wide range of assets, such as currencies, stocks, and cryptocurrencies.
Along with binary options, Pocket Option also provides traders with forex trading opportunities. The platform offers a vast selection of currency pairs, catering to traders of all levels. The user-friendly interface makes it easy for beginners to enter the world of forex trading, while experienced traders can capitalise on the more advanced features and technical indicators.
Pocket Option allows users to expand their trading portfolio by offering access to a diverse range of commodities. These include popular commodities such as gold, silver, oil, and agricultural products. Trading commodities with Pocket Option provides traders with the opportunity to diversify their investments and take advantage of market fluctuations in these assets.
Lastly, Pocket Option also offers trading opportunities on various indices. Indices trading enables traders to speculate on the performance of a basket of stocks, representing specific market segments or industries. Pocket Option provides access to popular indices like the Dow Jones Industrial Average, NASDAQ, and S&P 500. By trading indices, users can mitigate risks and gain exposure to multiple sectors within a single trade, making it an attractive option for portfolio diversification.
Deposit and Withdrawal Methods
At Pocket Option, we provide a variety of payment methods for deposits and withdrawals to cater to the needs of our diverse user base. Some of the popular methods include credit/debit cards, e-wallets, and cryptocurrencies. This ensures that our clients can easily fund their accounts and withdraw their earnings efficiently. It’s important to mention that the processing time for withdrawals can vary depending on the method used – but we aim to process requests quickly, sometimes within 12 hours, as reported by some customers.
We take the security of our clients’ accounts seriously and have implemented a thorough verification process to ensure compliance with regulatory standards. Upon registering with Pocket Option, users are required to complete a Know Your Customer (KYC) verification in order to enable deposit and withdrawal features. This process involves providing proof of identity, address, and other relevant documents to validate the user’s information.
To complete the verification process, users must submit a clear copy of their ID (passport, driver’s licence or national ID card), along with a recent utility bill showing their residential address. For some deposit methods, additional documentation such as a copy of the bank statement or card may be required, to ensure the safety of the transaction. The entire verification process helps us maintain a secure trading environment, protecting the interests of our clients.
In conclusion, our account management system at Pocket Option is designed to offer our users a secure and user-friendly platform for trading, with convenient deposit and withdrawal methods, as well as a rigorous verification process to safeguard our customers’ information and funds.
Trading Tools and Tutorials
Indicators and Signals
At Pocket Option, we provide numerous indicators and signals to help our traders in their decision-making process. Our platform offers a vast range of customisable indicators for technical analysis, including Moving Averages, Bollinger Bands, RSI, and MACD. Traders can also edit and personalise the settings of these tools to suit their trading strategies. In addition, our platform offers trade signals that are derived from expert analysis and automated algorithms, guiding traders towards potentially profitable opportunities.
Social and Copy Trading
We understand the value of learning from successful traders and offer social and copy-trading features for our clients. Our social trading system allows traders to view and follow the performance of top traders from all around the world. In addition, our platform allows investors to copy the trading strategies of successful traders automatically. This functionality provides a valuable opportunity to learn, adapt and improve your trading skills by observing and replicating successful trades of experienced users in real time.
Practice and Demo Accounts
We believe in giving our clients the opportunity to test their trading skills and strategies before venturing into real trading. That’s why we provide demo accounts for traders to practice and refine their trading tactics in a risk-free environment. Our demo accounts offer a simulated trading experience with virtual funds, enabling users to become familiar with our platform’s tools and features. This invaluable experience helps build confidence and prepares traders to face live market conditions when they transition to a live trading account.
Customer Service and Support
At Pocket Option, we pride ourselves on our dedicated and knowledgeable support team. We understand the importance of timely and clear communication with our clients. Our support service is available through various channels such as phone, email, and live chat, ensuring that our customers receive assistance promptly.
Many of our customers have shared their experiences with our customer service and support team. A majority of the reviews left on TrustPilot are positive, with 60% rating our service as good and another 12% considering it fantastic. These positive reviews often mention our user-friendly trading platform and helpful support team.
From the feedback we have received, it appears that our customers appreciate the responsiveness and attentiveness of our support staff. This reinforces our commitment to providing top-notch customer service to help our clients navigate the platform and address any concerns they may have.
However, it’s essential to maintain a balanced perspective and consider areas for improvement. We continuously strive to enhance our customer service quality and respond effectively to the suggestions and feedback provided by our customers. In doing so, we ensure that we maintain our focus on providing exceptional support and assistance to our clients.
Security and Regulation
We will now discuss the security and regulation of Pocket Option to provide a clearer understanding of where the platform stands in terms of being a regulated broker.
Pocket Option is not regulated by any major financial authority, such as the U.S. Securities and Exchange Commission (SEC) or the Financial Conduct Authority (FCA) in the United Kingdom. This might raise concerns for some traders who are looking for well-regulated platforms to ensure the safety of their investments.
However, Pocket Option is licensed by the Autonomous Island Of Mwali (Mohéli) Comoros Union. This means it is a licensed broker that offers a certain level of security for your investments. Furthermore, the company was founded in 2017 and is managed by Gembell Limited, which is registered and has its headquarters in the Marshall Islands. The platform is regulated by the International Financial Market Relations Regulation Centre (IFMRRC), providing an additional layer of legitimacy.
It is important to note that although Pocket Option is not regulated by well-known authorities like the SEC or FCA, it does hold a license and operates under regulatory supervision. Thus, traders should not immediately dismiss the platform as a scam or assume that using it is risky. Having said that, it is always recommended for traders to perform due diligence and consider the pros and cons before trading on any platform.
In conclusion, the regulation status of Pocket Option may not be in line with the expectations of some traders, but the licensing and oversight by IFMRRC can offer a degree of confidence. Traders should carefully assess the risk associated with trading on a platform that is not regulated by major financial authorities and make an informed decision based on their personal preferences and risk appetite.
Pocket Option vs. Competitors
When comparing Pocket Option with its competitors, such as Olymp Trade and IQ Option, several unique advantages make Pocket Option stand out in the market.
Key Feature Comparison
|Feature||Pocket Option||IQ Option||Expert Option|
|Maximum Returns||Up to 95%||Up to 92%||Up to 95%|
Acceptance of US Traders
Unlike many other platforms that restrict access to US traders, Pocket Option welcomes traders from the United States. This inclusive approach provides US traders with a reliable and accessible trading environment, allowing them to participate in the global financial markets.
Higher Return Potential
Pocket Option offers a maximum payout of 128%, which is notably higher compared to its competitors. This increased return potential presents traders with lucrative opportunities to maximize their profits. By capitalizing on favourable market conditions, traders can potentially achieve higher returns on their investments.
Diverse Trading Instruments
Pocket Option boasts a wide range of trading instruments, including forex, cryptocurrencies, indices, stocks, and commodities. This extensive selection enables traders to diversify their investment portfolios and explore various market opportunities. Whether traders prefer to focus on major currency pairs, engage in cryptocurrency trading, or invest in global indices, Pocket Option caters to their diverse trading preferences.
Furthermore, Pocket Option’s user-friendly trading platforms, available on the web, Windows, iOS, and Android devices, ensure traders can conveniently access their accounts and execute trades from their preferred devices, anytime and anywhere.
By considering these advantages, traders can make an informed decision when selecting a trading platform. Pocket Option’s acceptance of US traders, higher return potential, diverse trading instruments, responsive customer support, and comprehensive educational resources make it a compelling choice for traders seeking a reliable, user-friendly, and rewarding trading experience.
- Bonus and Promotion
- Deposit Bonus
- No Deposit Bonus
- Cashback Rebates
- Live Trading Competitions
- Demo Trading Competition
- Refer A Friend
- Loyalty Scheme
- Review Link
Conclusion and Final Thoughts
In our analysis of Pocket Option, we’ve delved into several aspects of the platform, such as its user interface, trading conditions, and funding options. We’ve also compared it to competitors like IQCent, Interactive Brokers, and eToro. Based on this information, we can offer an informed perspective on Pocket Option, enabling readers to evaluate its suitability for their trading needs.
Pocket Option seems to have a user-friendly interface, catering to over 4 million users worldwide. The platform offers a low minimum trade requirement, allowing traders to dabble in binary options, CFD trading, and other forms of financial speculation. This ease of access may make it stand out amongst competitors in the online brokerage space.
In terms of its regulatory status, Pocket Option is regulated by the IFMRRC, which provides some level of confidence in its platform’s legitimacy. The company’s headquarters in the Republic of Vanuatu may be of concern to some traders, as the nation does not have the same regulatory scrutiny found in larger financial jurisdictions.
It’s important to note that Pocket Option might not be the best broker for everyone. Although the variable spread and up to 1:1000 leverage can be attractive, certain traders might prefer a broker with a different set of offerings or instruments. Furthermore, Pocket Option’s proprietary platform could be either an advantage or disadvantage depending on individual preferences.
Comparing Pocket Option to rivals like IQCent, Interactive Brokers, and eToro, we found that each platform has its unique advantages and disadvantages depending on the specific trading requirements. For example, large and established brokerage firms such as Interactive Brokers might have a wider range of trading options and stringent regulations, but may also entail higher barriers to entry.
We hope this review has provided some useful insights into Pocket Option’s strengths and weaknesses. As traders, it’s crucial to evaluate not only the features of the platform but also one’s personal preferences and goals when selecting a broker. By doing so, traders can make the most informed decisions and maximise their profits in the long run.
Frequently Asked Questions
How does Pocket Option compare to other binary options brokers?
We find that Pocket Option is a competitive choice among binary options brokers. Established in 2017 and owned by Gembell Limited, it offers a user-friendly and innovative platform that supports over 100 global trading assets, including forex, cryptocurrencies, commodities, stocks, and indices.
What are the withdrawal issues commonly faced with Pocket Option?
While some users might face withdrawal issues, we’d like to mention that Pocket Option offers various options for withdrawals. It is important for traders to comply with the required verification procedures and be patient with the processing timelines. However, it’s essential to monitor user reviews and keep an eye on reported withdrawal problems.
Does Pocket Option offer a demo account for practising?
Yes, Pocket Option offers a demo account for users to practice and familiarise themselves with the platform. This feature is helpful for beginners and experienced traders who want to test various trading strategies without risking actual funds.
Are there any reliable Pocket Option reviews on Trustpilot?
Pocket Option has received favourable feedback on the Trustpilot review platform, sporting a commendable score of 3.8 out of 5. This suggests that many users have had positive experiences with the broker, but as always, it’s advised to conduct thorough research before committing to any trading platform.
Is it possible to make money through Pocket Option trading?
While some traders may enjoy success and profits trading with Pocket Option, it’s critical to remember that binary options trading carries inherent risks. As with any investment, potential gains or losses can be significant. Traders need to employ sound risk management strategies, ensure disciplined trading, and make informed decisions based on their knowledge and experience.
What is the overall legitimacy of Pocket Option?
Pocket Option appears to be a legitimate binary options broker, but we encourage traders to perform their own due diligence before embarking on any trading venture. The company is licensed and regulated by the International Financial Market Relations Regulation Center (IFMRRC). However, it’s prudent to remain vigilant and check for any red flags that may arise in user reviews or other important updates.