Pocket Option Review

Overview

Pocket Option Main Features

Feature Title	Feature Value
🗺️ Year Founded	2017
🏢 Headquarters	Marshall Islands
⚖️ Tier-3 Licenses	Yes
Minimum Initial Deposit	$50
Demo Trading	Yes
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 decide 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, in our full review, we’ll delve further into Pocket Option’s services and offerings and address frequently asked questions among users.

Key Takeaways

• 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?

Key Metrics

• Daily trading volume: $50 million+
• Registered users: 1.4 million
• Average payout: 82%
• Win rate: 65%

(Source: PocketOption)

Pocket Option is a binary options broker that offers various trading tools and features for this speculative trading style. 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 as a web app, a smartphone app, and a MetaTrader 5 integration, broadening its accessibility for all traders.

One of the key aspects that sets Pocket Option apart is its user-friendly trading platform. The interface is designed to cater to 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 platform’s extensive range of trading tools and insightful features.

In essence, Pocket Option is an innovative and reliable binary options broker where traders can easily engage in binary options and forex trading and access a wealth of valuable tools and resources.

Read More: What Is the Best Time to Trade with Pocket Option

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 Pocket Option’s standout features 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 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, who know that their funds and personal information are protected.
• Demo Options and Low Minimum Trades: Pocket Option allows users to sign up for a demo account and 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 convenient access to their funds, enhancing the overall trading experience.
• Wide Range of Assets: With over 100 assets available for trading, Pocket Option offers diverse options to capitalize on market movements. Traders can choose from various assets, including currencies, stocks, cryptocurrencies, etc. 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

User Experience

At Pocket Option, we pride ourselves on offering a user-friendly trading platform for novice and experienced traders. The interface is designed with great attention to detail, ensuring an optimised user experience. Our platform is equipped with hotkeys that provide an intuitive experience, making it easier for you to navigate and place trades.

The platform’s functionality covers various 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 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 various 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, Ethereum, and 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 easily expand your trading portfolio.

Financial Instruments and Assets

Instrument Category	Specific Instruments	Number of Instruments
Forex	Major, Minor, and Exotic Currency Pairs	40+
Commodities	Precious Metals (Gold, Silver, Platinum), Energy Commodities (Oil, Natural Gas)	5+
Indices	Global Indices (S&P 500, Dow Jones, etc.)	10+
Stocks	US and Global Stocks, including Apple, Google, Pfizer	30+
Cryptocurrencies	Bitcoin, Ethereum, and other major cryptocurrencies	10+
ETFs	Various Exchange-Traded Funds	5+
OTC	Over-the-Counter Instruments	Various

In this section, we will explore the variety of financial instruments and assets available to trade on Pocket Option and discuss the platform’s offerings related to binary options, forex, commodities, and indices.

Binary Options

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 can access high/low options, allowing them to make informed decisions on a wide range of assets, such as currencies, stocks, and cryptocurrencies.

Forex

Along with binary options, Pocket Option also offers 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.

Commodities

Pocket Option allows users to expand their trading portfolio by offering access to diverse commodities. These include popular commodities such as gold, silver, oil, and agricultural products. Trading commodities with Pocket Option allows traders to diversify their investments and take advantage of market fluctuations in these assets.

Indices

Lastly, the 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.

Account Management and Types

Account Type	Minimum Deposit	Features	Leverage	Commission
Novice Trader	$5	Basic account, transaction limit of $1,000	None	None
Beginner Trader	$100	Access to lotteries, express orders, trading achievements	None	None
Experienced Trader	$1,000	+2% profitability, wider selection of positions, access to MT5	None	None
Master Trader	$5,000	+4% profitability, priority withdrawal processing, return of transactions with a difference of 1 pip (up to $10)	None	None
Professional Trader	$15,000	+6% profitability, personal manager, high transaction limits, fast withdrawal processing	None	None
Expert Trader	$50,000	+8% profitability, premium gifts, personal discounts, high priority withdrawal processing	None	None
MT5 Forex Account	$1,000	Leverage up to 1:1000, variable spreads from 1.2 pips, no trading fee, suitable for both CFDs and currency trading	Up to 1:1000	None
Demo Account	Free	$10,000 virtual funds for risk-free practice, access to all platform features	N/A	None

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 popular methods include credit/debit cards, e-wallets, and cryptocurrencies. This ensures 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.

Verification Process

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 must complete a Know Your Customer (KYC) verification 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) and 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, Pocket Option’s account management system is designed to offer our users a secure and user-friendly trading platform, with convenient deposit and withdrawal methods and a rigorous verification process to safeguard our customers’ information and funds.

Trading Tools and Tutorials

At Pocket Option, we provide numerous indicators and signals to help our traders decide. Our platform offers various 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

Feature	Description
Copy Trading	Follow and copy the trades of top traders based on their performance and profitability.
Trader Ranking	Real-time updates of trader rankings to help users choose the best traders to follow.
Chat Portal	Access to a general chat for interaction with other traders.
Market Access	Acquire additional trading tools and benefits.
Technical Support	24/7 support available through multiple channels.

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 worldwide. In addition, our platform will enable investors to copy the trading strategies of successful traders automatically. This functionality provides a valuable opportunity to learn, adapt, and improve trading skills by observing and replicating successful trades with experienced users in real-time.

Practice and Demo Accounts

We believe in allowing our clients to test their trading skills and strategies before venturing into actual 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 transitioning to a live trading account.

Customer Service and Support

At Pocket Option, they are proud of their dedicated and knowledgeable support team. We understand the importance of timely and clear communication with our clients. Our support service is available through various phone, email, and live chat channels, ensuring our customers receive assistance promptly.

Customer Reviews

Many customers have shared their experiences with our customer service and support team. Most 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 our customers’ suggestions and feedback. In doing so, we focus on providing exceptional support and assistance to our clients.

Pocket Option Bonuses and Promotions

Bonus Type	Description
Welcome Bonus	50% bonus on the first deposit, available with a minimum deposit of $100.
Deposit Bonus	Variable percentage bonus based on the deposit amount, with a minimum deposit requirement of $50.
Promo Codes	Available for account replenishment, providing additional bonus funds.

Pocket Option stands out in the binary options trading industry by offering a range of attractive bonuses and promotions that can significantly enhance your trading experience. These incentives and the innovative Gem System offer traders additional value and opportunities to maximize their profits.

Welcome Bonus

New users can enjoy a generous 50% welcome bonus on their first deposit. Register an account and make a minimum deposit of $100 to qualify. This bonus boosts your initial trading capital, allowing you to explore the platform with increased flexibility and potential profitability.

Deposit Bonus

Pocket Option frequently offers deposit bonuses based on the amount funded into your account. The minimum deposit to qualify for these bonuses is $50, and the percentage bonus varies depending on the promotion. These bonuses provide extra trading funds, enabling you to take more prominent positions or diversify your trades without additional financial risk.

Promo Codes

Traders can also benefit from various promo codes available through the Pocket Option platform. To use a promo code, navigate to the “Finance” section in your dashboard, enter the code, and receive an additional bonus on your deposit. This feature is handy for periodically enhancing their trading capital.

Gem System

Feature	Description
Earning Gems	Gems can be earned by participating in tournaments and achieving specific trading milestones.
Using Gems	Gems can be used to acquire additional trading tools, participate in lotteries, and receive premium gifts.
Lottery System	Access to a lottery system where gems can be exchanged for chances to win valuable prizes.

The Gem System at Pocket Option is a unique rewards program that allows traders to earn and use gems to unlock additional benefits and trading tools.

Earning Gems

Gems can be earned by participating in tournaments, achieving specific trading milestones, and completing various tasks on the platform. This system incentivizes active trading and engagement with the platform, rewarding traders for their efforts and success.

Using Gems

Once earned, gems can be used to acquire additional trading tools, participate in exclusive lotteries, and receive premium gifts. This adds a gamified element to trading, making the experience more engaging and rewarding.

Lottery System

The Gem System includes a lottery feature where traders can use their gems to enter and potentially win valuable prizes. This provides an additional layer of excitement and tangible rewards that can further enhance your trading capabilities.

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 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 with 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. It is always recommended for traders to perform due diligence and consider the pros and cons before trading on any platform.

In conclusion, Pocket Option’s regulation status may not meet 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 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
Minimum Deposit	$50	$10	$50
Maximum Returns	Up to 95%	Up to 92%	Up to 95%
Assets Offered	70+	20+	50+
Demo Account	Yes	Yes	Yes
Mobile App	Yes	Yes	Yes
Regulation	Not regulated	Regulated	Regulated

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 than 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 many 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.

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.

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.

Regarding 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 concern some traders, as the nation does not have the same regulatory scrutiny 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 different offerings or instruments. Furthermore, depending on individual preferences, Pocket Option’s proprietary platform could be either an advantage or a disadvantage.

Comparing Pocket Option to rivals like IQCent, Interactive Brokers, and eToro, we found that each platform has unique advantages and disadvantages depending on the specific trading requirements. For example, large and established brokerage firms such as Interactive Brokers might offer a wider range of trading options and stringent regulations but may also entail higher barriers to entry.

We hope this review has provided useful insights into Pocket Option’s strengths and weaknesses. As traders, it’s crucial to evaluate not only the platform’s features 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