REVIEWS
Pocket Option Review 2022
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Tested
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This Pocket Option review will demonstrate the different features you will find and have access to, with Pocket Option. Pocket Option is a CFD and Forex trading broker that started operations in 2017, headquartered in the Republic of Marshall Islands. This Forex broker provides more than 100+ different financial instruments and Pocket Option has gained a reputation as one of the best trading options brokers in the market.
Pocket Option is a Binary Options broker that is best known for its binary trading options, which is not common among other Forex brokers in the trading industry. This Forex trading broker offers one size for all trading accounts, the Live Account, which you can use across two different trading platforms.
You can trade with more than 100+ financial instruments across four different financial markets. You can always learn how to use Pocket Option with its Demo Account and interact with other traders while you are social trading. The fees, trading, and non-trading are relatively low, compared to other Forex brokers in the industry.
| Pocket Option Main Features | |
|---|---|
| 🗺️Established in: | 2017 |
| 🏢Headquarters: | Marshall Islands |
| ⚖️Regulations: | IFMRRC |
| ⚖️Country of regulation: | Marshall Islands |
| 💰Minimum Deposit: | $50 |
| 🖥Platforms: | MT4, MT5 |
| 🎮Demo Account Available: | Yes |
| 💱Leverage: | 1:1000 |
| 💰Withdrawal fee amount: | $0 |
| 💰Inactivity Fee: | No |
Background
Pocket Option was founded in 2017, a relative novice Forex trading broker, in the Marshall Islands. Pocket Option is currently owned and managed by Gembell Limited, which is registered in the Republic of the Marshall Islands with a registration number of 86967.
| Pros | Cons |
|---|---|
| • Regulated by the International Financial Market Relations Regulation Center (IFMRRC) | • One trading account available |
| • Low non-trading fees | • Limited range of financial markets and instruments |
| • No deposit or withdrawal fees required | • IFMRRC is not an official financial regulator |
| • More than 100+ financial instruments available on four different financial markets | |
| • Social Trading available | |
| • Customer service 24\7 | |
| • Accepts clients from the US |
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Safety & Regulation
Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands. This Forex trading broker also applies the Know-Your-Customer policy and complies with the Anti-Money Laundering Policy to avoid fraudulent misconduct. This Pocket Option review will define the different safekeeping measures that are taken to protect client funds and personal information.
Is Pocket Option Safe Or A Scam?
Pocket Option is a safe and trustworthy Forex trading broker that values the protection of its client’s privacy. Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands. In addition, this Forex trading broker complies with the Anti-Money Laundering Policy (AML) and applies the Know-Your-Customer Policy that protects against any fraudulent misconduct to takes place with the client’s personal information.
| Pros | Cons |
|---|---|
| • Regulated by the International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands | • The International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands is not an official financial regulator |
| • Complies with the Anti-Money Laundering Policy (AML) | |
| • Applies The Know-Your-Customer Policy |
Regulation
Pocket Option is currently regulated by the International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands. This Forex trading broker is an independent broker that is under the brand name of Gembell Limited. Gembell Limited is registered at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960 with the registration number 86967. Gembell Limited is regulated by IFMRRC (License number TSRF RU 0395 AA Vv0141).
Protection
Pocket Option is a trustworthy Forex and CFD broker that allows clients to protect their funds and personal information. This Forex broker complies with the Anti-Money Laundering Policy, along with the Know-Your-Customer Policy. In addition, all direct and indirect employees must conduct a training program on both Policies to be able to prevent any fraudulent misconduct.
Pocket Option Bonuses
Pocket Option offers a welcome bonus for newly registered traders with a 50% bonus as you make your first deposit. The 50% bonus is a welcoming start to your trading experience, but you have to consider that you cannot withdraw your bonus until you do a certain amount of trading. In addition, Pocket Option offers bonuses in the form of cash-backs and promo codes. Pocket Option strictly advocates rewarding loyal customers who are patient with trading.
Fees
Pocket Option offers no commission charged and no additional fees. This Forex broker has relatively low trading and non-trading fees, which is uncommon compared to other brokers in the trading industry. This Pocket Option review will inform you of the different trading fees and non-trading fees you will be required to pay.
Trading Fees
Pocket Option does not charge any commission while trading in the Live Account, which means that you will not need to concern yourself with any commissions during trading. In addition, there are bonuses given to loyal Pocket Option members via cash-backs and promo codes. Pocket Option enables you to get 1% of your trading volume via cashback. In terms of trading fees, you will be able to expect good payouts. As an example, you can expect a 93% on currency pairs.
| Deposit Fees and Withdrawal Fees | |
|---|---|
| Deposit Fees | 0USD |
| Withdrawal Fees | 0USD |
| Pocket Option Fees Compared To Competitors | |||
|---|---|---|---|
| Pocket Option | Olymp Trade | Hugosway | |
| Account Fee | No | No | No |
| Inactivity Fee | Yes | Yes | Yes |
| Deposit Fee | 0USD | 0USD | 0USD |
| Withdrawal Fee | 0USD | 0USD | 0USD |
Account Opening
The Live Account for Pocket Option is a one-size-fits-all type of trading account. Both novice traders and experienced traders can use the Live Account without complication. However, it is a drawback that there is only one trading account available for you to use, rather than the option of choosing from several trading accounts. This Pocket Option review will demonstrate how to open a Live Account with a step-by-step guide.
Pocket Option Minimum Deposit
The minimum deposit for the Live Account is 50USD, which is relatively low, compared to other Forex brokers in the trading industry. As for the minimum withdrawal, you will be required to make a withdrawal of at least 10USD to start trading with Pocket Option.
| Pros | Cons |
|---|---|
| • Fast account opening process | • Only one trading account available |
| • Easy to navigate the trading account | |
| • Features for expert traders and novice traders are available | |
| • Low minimum deposit required | |
| • Low minimum withdrawal required |
Live Account
The Live Account is the only trading account that is offered by Pocket Option. You will be required to make a minimum deposit of 50USD and a minimum withdrawal of 10USD. There is only one base currency, which is the USD. You will have a maximum leverage level up to 1:1000 and a $1 minimum on trades. In addition, you have the option of starting with a Demo Account and upgrading to the Live Account without having to make any changes.
How To Open A Pocket Option Trading Account
Step Two: Make a deposit by choosing your preferred payment method and your profile level.
Deposit & Withdrawal
With Pocket Option, you will be able to deposit funds into your trading account and withdraw funds from your trading account, free of charge. You will be able to choose from several methods of payment, such as electronic wallet, debit\\credit card, and bank transfer. This Pocket Option review will provide you with the different payment options you can use.
Account Base Currencies
With Pocket Option, there is only one account base currency available for your trading account: USD. This means you can add funds and withdraw funds from your trading account in US Dollars, and not with any other currency.
| USD |
Deposits
Pocket Option does not require a deposit fee, which means that you can deposit funds into your trading account for free. You can be able to deposit funds via debit\credit card, bank transfers, and electronic wallet. The deposit process is a fast one that will take approximately 1-2 business days. The minimum deposit required for the Live Account is 50USD, which is considered as low. However, the downside is that you can only make deposits in USD since it is the only base currency available with Pocket Option.
| Pros | Cons |
|---|---|
| • Fast deposit process | • None |
| • Various deposit methods | |
| • No deposit method | |
| • Low minimum deposit |
Pocket Option Deposit Options
- Debit\Credit Card
- Bank Transfer
- Electronic Payment
Withdrawal
Pocket Option has free withdrawals, which means that you can make withdrawals without having to pay an additional charge. You will be able to withdraw funds from your trading account in several different methods, such as: debit\credit card, bank transfers, and electronic wallet. The withdrawal process is a fast response, where you will receive your funds in about 24 hours. The minimum withdrawal required for the Live Account is 10USD, which is lower than most Forex brokers. However, the downside is that you can only make withdrawals in USD since it is the only base currency available with Pocket Option.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • None |
| •Low withdrawal deposit | |
| • Different withdrawal methods | |
| • Fast process time for withdrawals |
Pocket Option Withdrawal Options
- Debit\Credit Card
- Bank Transfer
- Electronic Payment
Trading Platforms
Pocket Option provides two trading platforms for traders to use: MetaTrader4 and MetaTrader5.You will find that there are several languages on the trading platforms available for all traders to choose from. This Pocket Option review will use the MetaTrader4 platform as an example of analyzing the trading platforms of this Forex broker.
- MetaTrader4
- MetaTrader5
Web Trading Platform
With the Pocket Option MetaTrader4 platform, you will find the basic order types. The five basic order types are market, limit, stop, good-til-canceled (GTC), and good-til-time (GTT). These order types are the basic orders needed to make a trade.
The MetaTrader4 web trading platform does not allow any price alerts or notifications; however, you will be able to do so on the desktop trading platform. You will be able to view your transaction history and your past trading performance with a clear fee report. In terms of security, you will only have the option of a one-step login without additional verification.
| Pros | Cons |
|---|---|
| • Several languages available | • The only one-step login process |
| • Clear portfolio and fee reports available | • Outdated design |
| • Customized indicators | • No alerts and notifications |
| • Basic order types available |
Desktop Trading Platform
The Pocket Option MetaTrader4 desktop trading platform is similar to the web trading platform. You will find the five basic order types that are required for trading; these trading orders are: market, limit, stop, good-til-canceled (GTC), and good-til-time (GTT).
The MetaTrader4 desktop trading platform allows you to set price alerts and notifications, in the form of push notifications. You will also be able to look through your transaction history and trading performances. However, the downside of the desktop trading platform is that there are no additional verification methods to add an extra layer of protection while logging in. The MT4 desktop trading platform also has an outdated design that makes it hard to navigate.
| Pros | Cons |
|---|---|
| • Several languages available on the platform | • Outdated design |
| • Sets notifications and price alerts | • One-step login process |
| • Basic order types available | |
| • Customized indicators | |
| • Clear fee reports and performance history |
Mobile Trading Platform
The MetaTrader4 mobile trading platform is similar to the web trading platform and the desktop trading platform, in terms of basic order types. You will have access to the five basic order types, which you will need to trade. The five basic trading orders are market, limit, stop, good-til-canceled (GTC), and good-til-time (GTT). The mobile application of MetaTrader4 offers a great design and a user-friendly interface that makes it easy to navigate.
You will be able to set price alerts and notifications, in the form of mobile notifications. Traders will be able to use the mobile application in several languages, which is a great feature. You will not be able to rely on additional protection on your login credentials. Traders also cannot access fingerprint or facial recognition as a form of logging in.
| Pros | Cons |
|---|---|
| • Quality design | • One-step login process |
| • User-friendly | • One-step login process |
| • Basic order types | • No fingerprint or facial recognition |
| • Several languages available on the application | |
| • Set price alerts and notifications |
Markets & Financial Instruments
Pocket Option is a Forex broker that offers binary trading options that allows you to trade with high payouts. You will have access to four different financial markets and trade with more than 100+ financial instruments. This Pocket Option review will inform you of the different financial markets and financial instruments.
| What Pocket Option Offers | |
|---|---|
| Forex | Commodities |
| Stock | Cryptocurrencies |
Markets Research & Trading Tools
Pocket Option provides market research materials and trading tools that will enhance your trading knowledge and keep you entertained with your trading session. You will have the option of social trade and use trading signals as tools to enhance your trading strategies. This Pocket Option review will demonstrate the different trading tools and market research materials available for you.
Pocket Option Trading Tools
Pocket Option provides two different trading tools that will allow you to enhance your trading strategies and interact with other trades, exchange trading ideas, and strategies. Both trading tools are essential to trading and your ability to make accurate trading decisions.
With Pocket Option, you will be able to reach other traders and interact with the trading community. The social trading application opens for traders a world of communication and interaction, where you can share your trading strategies and tips to enhance your trading decisions. As for the Trading Signals, this trading tool allows you to look through predictions of future trading sessions. You will also be able to duplicate other traders’ strategies as your own, without having to develop your own trading strategies.
| Pocket Option Tools | |
|---|---|
| Trading Signals | Social Trading |
| Pros | Cons |
|---|---|
| • Social trading available | • Limited trading tools available |
| • Trading signals provide patterns | |
| • Trading tools are free |
Market Research
Pocket Option offers different Tournaments, Achievements, and prizes for you to be able to generate profit in an entertaining way. You can join Tournaments and win gems that will unlock different features that will help you while you trade. In addition, you can even win prizes in the form of cash backs and promo codes that will generate profit for you.
| Pros | Cons |
|---|---|
| • Tournaments and achievements to generate more profit | • No materials to keep you updated on the trading world |
| • Entertaining Ways to trade | |
| • Prizes are cash backs or promo codes |
Customer Service
Pocket Option has one of the best customer services available in the trading industry. This Forex broker provides different means of communication and allows you to reach them 24\7, without breaks on the weekend. This Pocket Option review will provide you with a list of means of communication of how to reach the Pocket Option customer service.
Pocket Option allows you to communicate with the customer service department in several ways, You will be able to send an email, make a phone call to their local line, reach their support desk, or send a message via message forum. The customer service for Pocket Option responds in a timely manner, no less than 2-5 minutes, and you will find the accommodating providing you with the relevant answers you need when you are faced with an issue.
| Pros | Cons |
|---|---|
| • Available 24/7 | • None |
| • Several means of communication provided | |
| • Fast response time | |
| • Accurate responses to client questions |
Means Of Communication
- Email Support
- Phone support
- Support Desk
- Message Forum
The customer service of Pocket Option has improved the overall trading experience of clients. Most Forex brokers do not offer the option of having customer service support 24 hours a day, 7 days a week. However, Pocket Option realizes the urgency of trading and the frustration of having to wait for the weekend to be over to be able to reach customer service and decided to eliminate that aspect in Pocket Option.
Client Education
With Pocket Option, you will find all of the options for client education resources. You can watch, read, and experience the educational materials, whichever is better for you as a learning tool. Pocket Option offers video tutorials, e-books, trading strategies, and a Demo Account. This Pocket Option review will demonstrate a step-by-step guide on how to open a Pocket Option Demo Account.
Client Education Resources
- Educational Videos
- Demo Account
| Pros | Cons |
|---|---|
| • Provides visual aid | • Resources only available to Pocket Option members |
| •High-quality videos for tutorial | |
| •Trading Strategies provide tips | |
| •Free and unlimited Demo Account |
Pocket Option offers tutorial videos on how to trade and how to use the different trading platforms available. You will find e-books that offer information on basic trading topics that you may not know about. As for the Trading Strategies, the trading tips available and trading strategies already provided will educate you on how to develop your own strategy with minimal financial risk.
The Demo Account is a free and unlimited hands-on approach that comes highly recommended. You will be able to trade up to 10,000USD virtual funds in real-time and real market conditions. In addition, you can always transfer your Demo Account to a Live Account, all you have to do is make the minimum deposit required.
Client Education Resources
- Videos
- Tutorials
- E-Books
- Trading Strategies
- Demo Account
How To Open A Demo Account
Step One: Click on the “Start With One Click” tab on the Pocket Option website
Step Two: Start Trading!
Conclusion
This Forex broker provides more than 100+ different financial instruments and Pocket Option has gained a reputation as one of the best trading options brokers in the market.
Overall, Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands. This Forex trading broker also applies the Know-Your-Customer policy and complies with the Anti-Money Laundering Policy to avoid and fraudulent misconduct. Pocket Option is a trustworthy Forex broker that you should consider trading with.
Pocket Option is a CFD and Forex trading broker that started operations in 2017, headquartered in the Republic of Marshall Islands.
Frequently Asked Questions
Is Pocket Option A Good Broker?
Pocket Option is a Forex broker that is best known for its binary trading options, which is not common among other Forex brokers in the trading industry. This Forex trading broker offers one size for all trading accounts, the Live Account, which you can use across two different trading platforms. You can trade with more than 100+ financial instruments across four different financial markets.
You can always learn how to use Pocket Option with its Demo Account and interact with other traders while you are social trading. The fees, trading, and non-trading are relatively low, compared to other Forex brokers in the industry.
Is Pocket Option Legit?
Pocket Option is a legitimate Forex and CFD broker that allows clients to protect their funds and personal information. This Forex broker complies with the Anti-Money Laundering Policy, along with the Know-Your-Customer Policy. In addition, all direct and indirect employees must conduct a training program on both Policies to be able to prevent any fraudulent misconduct.
How Long Do Pocket Option Withdrawals Take?
Pocket Option withdrawals take about 24 hours.
Is Pocket Option Regulated?
Pocket Option is currently regulated by the International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands. This Forex trading broker is an independent broker that is under the brand name of Gembell Limited. Gembell Limited is registered at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960 with the registration number 86967. Gembell Limited is regulated by IFMRRC (License number TSRF RU 0395 AA Vv0141)
What Is The Minimum Deposit For Pocket Option?
The minimum deposit for Pocket Option is 50USD or its currency equivalent, to open an account.
Is Pocket Option An ECN Broker?
Yes, Pocket Option is an ECN Broker.
Is Pocket Option Safe?
Pocket Option is a safe and trustworthy Forex trading broker that values the protection of its client’s privacy. Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands. In addition, this Forex trading broker complies with the Anti-Money Laundering Policy (AML) and applies the Know-Your-Customer Policy that protects any fraudulent misconduct to take place with the client’s personal information.
Methodology
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While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Learn more about how we test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
Chad Smith
Director of Research & Analysis
Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com.
Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it.
Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.