Pocket Option Review 2022

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Pocket Option Logo

Our Score: 4.8/5

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Pocket Option entered the binary options market in 2017 and created quite a name in the industry. Although some 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. They provide a great option trading platform to thousands of options traders. Pocket Options has more than 100 trading instruments available to trade and various payment methods for foreign investors. 

Pocket Option 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 reasonably easy to use and provides smooth customer service when needed. But one of its most significant downsides is that it offers only one trading account per user.

Pocket Option Logo

Why Choose Pocket Option?

Our Score 4.7/5

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

Overview

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

BrokerPocket 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+
Assets95+
Our Score4.7/5

Pros and Cons

PocketOption has many features you might like as a trader, but you should also be aware of the potential downsides.

ProsCons
100+ assets to tradeOnly trade type is high/low
50% deposit bonus with first deposit Easy-to-use trading platform
Tournaments, achievements, and social trading
Fast deposits and withdrawal processing
No sign-up commitment with demo accounts
Minimum trades of $1
US traders accepted
Regulated and trustworthy

Compare Pocket Option to Similar Trading Platforms

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, MacOS, Android, iOSWeb, Windows, MacOS, Android, iOSWeb, Windows, Android, iOSWeb, Android, iOS
RegulationIFMRRCCySECN/ACFTC

Compare Trading Instruments to Competitors

Pocket Option IQ Option QUOTEX Binary.com Expert Option Binomo
CFD No Yes Yes Yes No No
Forex Yes Yes Yes Yes No No
Crypto Yes Yes Yes No No No
Stocks No Yes No No No No
Indices Yes Yes Yes No No No
Options Yes Yes Yes Yes Yes Yes
ETFs No Yes No No No No
Commodities No Yes Yes Yes No No

Regulation

Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC). Their license number is TSRF 0395 AA Vv0141. This broker has the Know-Your-Customer policy and complies with the Anti-Money Laundering Policy.

Trading Platform

During our testing, we found their trading platform is intuitive and easy to use. The platform is web-based with great design and user experience. On top, they offer MetaTrader 5, which allows automated trading and great technical analysis tools.

Charting tools are excellent and include all the basic charts you need, like line, candles, bars, and Heiken Ashi. In addition, you can customize the time frames from 5 seconds to 1 day.

chart types menu

There are 30 different indicators available. We found all of the popular technical indicators and analysis tools. You will find Accelerator Oscillator, CCI, ADX, Bollinger Bands, Moving Average, MACD, Momentum, RSI, Average True Range, and more.

indicators menu

Pocket Option offers a Social Trading feature where traders can copy other traders on their platform. Once you open up the menu, the stats and performance of the trader show up. For example, you can message the trader, see how many people copy them, the number of deals, max. trade amount, maximum profit, percentage of profitable deals, and more.

Another feature that we found helpful is the Signals. You can copy the signals with varying expiry times with a single click of a button directly on the platform. They have a Telegram Signal bot, where traders receive quality signals and place trades automatically with the help of the Telegram app.

For an even more intuitive trading experience, they offer hotkeys for faster actions and a streamlined process.

Mobile Trading App

While the central Pocket Option platform is web-based, they have both PC and mobile trading available. The mobile app is available for 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 web platform features are available on the Pocket Option mobile app, and that's because the trading platform is relatively simple and 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 if you have iOS 11.0 or later installed. If you are using Android, you'll need version 4.4 or later.

Commission & Fees

Our analysts looked into the trading terms of Pocket Option to see whether there were any hidden commissions. There aren't any hidden trading fees. Deposits on a trading account are free of charge.

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

Account Types

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

Account Type ConditionsBenefitsWithdrawal FeeSpread
Novice TraderLess than $100 balance and maximum transactions amount of $1,000N/AFree (0.5 for Perfect Money)No
Beginner$100 balanceN/AFree (0.5 for Perfect Money)No
Experienced$1,000 balanceincreased profitability by 2%Free (0.5 for Perfect Money)No
Master$5,000 balance and maximum transaction amount of $2,000increased profitability by 4%, Priority withdrawalFree (0.5 for Perfect Money)No
Professional$15,000 balance and maximum transaction amount of $3,000increased profitability by 6%, Priority withdrawalFree (0.5 for Perfect Money)No
Expert$50,000 balance and maximum transaction amount of $5,000increased profitability by 8%, Priority withdrawal, Premium gifts, Personal discounts in the market Free (0.5 for Perfect Money)No
MT5 Forexavailable for the “Experienced”, “Master”, “Professional,” and “Expert” accounts/Free (0.5 for Perfect Money)From 1.1 pips

Demo Account

Pocket Option offers a demo account to try out the platform. To use it, you are not required to register. It is a great tool to help you with your first steps in trading, see how their platform works and learn. To receive $10,000 in virtual cash to trade with, go to their 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 layout on the Pocket Option platform, you will quickly learn whether you are up to complicated stuff or not.

Assets

Pocket Option offers more than 130 assets to trade. These assets are divided into five categories:

  • Forex
  • Cryptocurrency
  • Indices
  • Stocks
  • Commodities

The trading schedule on the website displays the assets traded in real-time and the percentage of payout for each

Deposits and Withdrawals

Deposits and withdrawals are easy. Pocket Option accepts all major payment methods, including:

  • Mastercard
  • VISA
  • Maestro
  • Debit Card
  • Bitcoin
  • Litecoin
  • Ethereum
  • Bitcoin Cash
  • Ripple
  • ZCash
  • Skrill
  • Neteller

What is the Minimum Deposit?

The minimum deposit at Pocket Option is $50. The minimum deposit is in line with the industry standard. The minimum trade amount is $1 per trade

They offer a variety of deposit and withdrawal methods such as debit cards, credit cards, Perfect Money, and Advcash.

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

Withdrawal

The minimum withdrawal amount for live trading accounts is 10 USD, which is lower than most binary options brokers. However, you can only withdraw in USD, as this is the only base currency available at Pocket Option.

How To Withdraw your Funds at Pocket Option?

To withdraw your funds, navigate to the “Finance” page and click “Withdrawal”. Then, enter the amount you wish to withdraw, choose an available withdrawal method, and follow the instructions on the screen to complete the request. The minimum withdrawal amount is $10 in most cases and is processed within 24 hours up to 2 business days.
Regardless of the selected method, you should not have problems depositing and withdrawing cash. The withdrawal requirement is much lower than the deposit minimum. For a successful transaction, you need to withdraw $10 instead of $50. Unlike other binary options brokers, they don't charge a fee or commission for these transactions. Keep in mind the currency conversions. Many banks charge a fee for these, so you should be aware of any additional costs that may apply.

Trade Types

Pocket Option offers trade types are simple high/low options. High/low options are the most straightforward trade type of all binary options. You set a time limit and predict whether the asset price will be higher or lower than at the start.
High/low options provide a near-instantaneous payment, making them excellent for binary options traders. 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.

Payouts

Pocket Option is known for its high payouts in the binary options market. 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%.

Payouts are as high as 218%, which is well above the industry average. Even the most reputable binary options companies only advertise rewards of up to 200%.

Remember that high/low trading offers you higher payouts compared to 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, trading high/low options is risky since too many losing trades can quickly put you at a loss.

Bonuses & Promos

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

You can't withdraw the bonus until you start trading. Pocket Option requires that you make trades first since some investors believe they can sign up to withdraw the bonus together with their original deposit. 

They offer many additional features that will make your experience even better. You can access many features with a live account, including social trading, tournaments, achievements, and indicators and signals.

Social Trading

The social trading feature is handy 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 the best result.

Tournaments

Tournaments on Pocket Option allow traders to compete against each other and win prizes. It is not 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 other traders. In addition, you can win achievements and prizes by participating in tournaments. Some prizes are as high as $50,000 or other trading advantages, including payout percentage bonus or trading funds.

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 a profit.

Indicators & Signals

Pocket Option displays when the market flips and prices rise or fall. Signals, 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 Safe and Legit?

Pocket Option is one of the most trustworthy binary options brokers around. Based on our research and experience, it is a reliable trading platform with secure deposits and withdrawals. It is regulated by IFMRRC. Further, Pocket Option adheres to the AML and the Know-Your-Customer Policy, which guards against any fraudulent activity involving the client's personal information.

The company behind is Gembell Limited, and the official registration number of the company is 86967. The IFMRRC license number is TSRF RU 0395 AA Vv0158.

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Customer Support

Customer support is easy to reach and is available 24/7; both their email address and phone number are listed on their official website.
They can also be found on Facebook, Instagram, and Twitter. Their website offers a live chat service, so 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 to contact them:

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

Our Verdict

Pocket Option is a trustworthy binary options trading platform regulated by the IFMRRC. Based on our analysis and research, it is a reliable broker with great customer reviews, secure deposits, and withdrawals.

While Pocket Option is appealing with tons of unique features and assets, you should not ignore its downsides. Weigh things out, and determine which binary option works best for you.

FAQ

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

The demo allows you to familiarize yourself with the platform, practice your 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. Instead, you can switch to a real account whenever you're ready to start with real funds.

Is Pocket Option Legal in the US?

Pocket Option is legal in the USA and is one of the best trading platforms you can use in the US. It is available in 22 languages in many countries, and its trading platform and website are easy to use. 

Is Pocket Option Legal in the UK?

Pocket Option is a secure trading platform and completely legal in the United Kingdom, as the IFMRRC regulates it. The Financial Conduct Authority (FCA) regulates the online trading market, which means binary options trading and forex trading are absolutely legal.

Is Pocket Option Legal in India?

Pocket Option is legal in India, has been around since 2017, and has many great customer reviews. Their services have been steadily improving over the years. Traders from India can trade many assets like Forex, high/low options, CFDs, and more. To conclude, it is legal to trade using Pocket Option in India.

Does Pocket Option Have Rollover?

Pocket Option doesn't allow Rollovers at the moment. As a result, traders can't extend their expiry times.

Pocket Option Logo

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.

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Ziga Breznik

Author

About the author

Ziga Breznik is the owner and head of research at PublicFinanceInternational.org – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded PublicFinanceInternational.org as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.