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PFI Rating: 2.8/5
Pocket Option is a binary options broker that offers over 100 different assets, including currency pairings, stocks, and cryptocurrencies. It is reasonably easy to use and provides an intuitive trading platform. But one of its most significant downsides is that no official regulatory body regulates them.
On Pocket Option Official Website
Pocket Option entered the binary options market in 2017. Binary options brokers have a poor reputation due to scams in the industry.
Pocket Option is a questionable broker due to their regulatory status and their practices. The regulator FCA issued a warning for Pocket Option.
Pocket Options has more than 100 trading instruments available to trade and various payment methods for foreign investors.
- High Payouts (up to 128%)
- 50% Deposit Bonus
- 50+ Deposit Methods
- 100+ Assets
Table of Contents
- What Are The Main Features of Pocket Option?
- How Does Pocket Option Compare to Similar Trading Platforms
- What is the Regulation of Pocket Option?
- How is the Pocket Option Trading Platform?
- How is The Pocket Option Trading App?
- What are the Fees and Commissions of Pocket Option?
- What are the Account Types at Pocket Option?
- What are the Assets Available at Pocket Option?
- What are the Deposit and Withdrawal Methods at Pocket Option?
- What are the Trade Types at Pocket Option?
- What are the Pocket Option Payouts types?
- Does Pocket Option offer Bonuses & Promos?
- Is Pocket Option Safe and Legit?
- What is the Pocket Option Customer Support?
- What is Our Verdict on Pocket Option?
What Are The Main Features of Pocket Option?
Here is an overview of the main features of Pocket Option.
|Deposit Methods||Crypto, eWallet, Wire Transfer, Credit Cards, Debit Cards|
|Headquarters||Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH|
|Trade Types||High/low, Turbo|
|Trading Platform||Web, Windows, iOS, Android|
|US and UK Users||Yes|
What are The Pros and Cons of Pocket Option?
PocketOption has many features you might like as a trader, but you should also know the potential downsides.
|100+ assets to trade||Only trade type is high/low|
|50% deposit bonus with first deposit||FCA Warning List|
|Tournaments, achievements, and social trading||Not Regulated by Official Regulators|
|Fast deposits and withdrawal processing|
|No sign-up commitment with demo accounts|
|Minimum trades of $1|
How Does Pocket Option Compare to Similar Trading Platforms
The following is a comparison table of Pocket Option and other competing brokers:
|Broker||Pocket Option||IQ Option||IQCent||Nadex|
|USA Clients Allowed||No||No||No||Yes|
|Platforms||Web, Windows, MacOS, Android, iOS||Web, Windows, MacOS, Android, iOS||Web, Windows, Android, iOS||Web, Android, iOS|
Compare Pocket Option Trading Instruments to Competitors
|Pocket Option||IQ Option||QUOTEX||Binary.com||Expert Option||Binomo|
What is the Regulation of Pocket Option?
No tier-1 regulatory authority regulates Pocket Opiton. Pocket Option lists the International Financial Market Relations Regulation Center (IFMRRC) and their TSRF 0395 AA Vv0141 license number. However, this is not an official regulatory body.
How is the Pocket Option Trading Platform?
We found that 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.
What are the charting tools of Pocket Option?
Charting tools are good 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.
What are the indicators available at Pocket Option?
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.
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.
The performance of the legitimacy of the social/copy trading feature hasn't been verified.
Does Pocket Option Offer Trading Signals?
Trading signals exist on the platform, although they haven't been verified. 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 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.
How is The Pocket Option Trading App?
The mobile app is available for iOS and Android, making it easy to keep updated with the market news. Pocket Options offers a MetaTrader 4 (MT4) and MetaTrader 5 (MT5) iOS and Android App. While the central Pocket Option platform is web-based, both PC and mobile trading are available.
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.
What are the Fees and Commissions of Pocket Option?
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 settings or contacting support, they automatically create swap-free accounts for all its clients.
The trading fees are not cleary stated.
What are the Account Types at Pocket Option?
The following is a comparison table of account types on Pocket Option:
|Account Type||Conditions||Benefits||Withdrawal Fee||Spread|
|Novice Trader||Less than $100 balance and maximum transactions amount of $1,000||N/A||Free (0.5 for Perfect Money)||No|
|Beginner||$100 balance||N/A||Free (0.5 for Perfect Money)||No|
|Experienced||$1,000 balance||increased profitability by 2%||Free (0.5 for Perfect Money)||No|
|Master||$5,000 balance and maximum transaction amount of $2,000||increased profitability by 4%, Priority withdrawal||Free (0.5 for Perfect Money)||No|
|Professional||$15,000 balance and maximum transaction amount of $3,000||increased profitability by 6%, Priority withdrawal||Free (0.5 for Perfect Money)||No|
|Expert||$50,000 balance and maximum transaction amount of $5,000||increased profitability by 8%, Priority withdrawal, Premium gifts, Personal discounts in the market||Free (0.5 for Perfect Money)||No|
|MT5 Forex||available for the “Experienced”, “Master”, “Professional,” and “Expert” accounts||/||Free (0.5 for Perfect Money)||From 1.1 pips|
Does Pocket Option Have an 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. Testing the waters with the demo before investing real money is always better.
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.
What are the Assets Available at Pocket Option?
Pocket Option offers more than 130 assets to trade. These assets are divided into five categories:
The trading schedule on the website displays the assets traded in real-time and the percentage of payout for each.
What are the Deposit and Withdrawal Methods at Pocket Option?
Pocket Option accepts all major payment methods, including:
- Debit Card
- Bitcoin Cash
What is the Pocket Option 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.
Pocket Option offers these deposit and withdrawal methods:
- Debit cards,
- Credit cards
- Perfect Money
Pocket Option offers deposits using a variety of cryptocurrencies like Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple, USDK, ZCash, Dai, Tether, and USD coin.
What is the Pocket Option Withdrawal Process?
The Pocket Option minimum withdrawal amount for live trading accounts is 10 USD, 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 funds at Pocket Option:
- Navigate to the “Finance” page and click “Withdrawal.”
- Enter the amount you wish to withdraw.
- Choose an available withdrawal method.
- 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.
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, Pocket Option states 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.
The withdrawal process hasn't been verified.
What are the Trade Types at Pocket Option?
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.
What are the Pocket Option Payouts types?
Pocket Option has high payouts percentages. 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. Most binary options companies only advertise up to 200% rewards.
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.
What are the Pocket Option Stocks Payouts Percentages?
Below are the payouts for stocks binary options at Pocket Option. The average payout is 82.05% for all currency pairs combined.
|Johnson & Johnson||92%|
What are the Pocket Option Forex Payouts Percentages?
Below are the payouts for currency pairs binary options at Pocket Option. The average payout is 79.88% for all currency pairs combined.
What are the Pocket Option Commodities Payouts Percentages?
The payouts for commodities binary options at Pocket Option range from 45% to 80%. The average payout is 63.57%
|Brent Oil OTC||80%|
|WTI Crude Oil OTC||80%|
|Natural Gas OTC||45%|
|Palladium spot OTC||45%|
|Platinum spot OTC||45%|
What are the Pocket Option Indices Payouts Percentages?
The payouts for Indices binary options at Pocket Option range from 45% to 67%. The average payout is 45%.
|AUS 200 OTC||67%|
Does Pocket Option offer Bonuses & Promos?
Pocket Option offers a 50% deposit bonus on your first deposit when you open a live account with them.
What are the Pocket Option Bonus Rules?
To claim the bonus at Pocket Option, you must make a net trading turnover of fifty times the bonus amount. For example, if your deposit amount is $10, the 100% bonus will give you $10 extra. Your net trading turnover to claim the bonus should be $10 * 50 = $500.
You can't withdraw the bonus until you start trading and meet the conditions. 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. You can access many features with a live account, including social trading, tournaments, achievements, and indicators and signals.
The social trading feature is handy. It allows traders to monitor the trading habits of other investors and discover which ones create positive outcomes.
The legitimacy of the social trading feature has not been verified.
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. Pocket Option advertises some prizes as high as $50,000 or other trading advantages, including payout percentage bonus or trading funds.
Trading tournaments have not been verified.
Achievements are more than just a pretty badge that shows your trading experience when you earn them through tournaments. You can earn trading funds, a payout percentage bonus, and other benefits.
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. The accuracy of these signals is not verified.
Is Pocket Option Safe and Legit?
We don't recommend working with Pocket Option. Pocket Option has no regulatory supervision, and the company is registered offshore at the Republic of the Marshall Islands.
Further, investors are not protected in the case of bankruptcy of Pocket Option due to the regulatory status of Pocket Option.
The UK regulator issued a warning regarding Pocket Option. The company is not authorized to provide trading services in the UK.
Two companies behind Pocket Option are “Gembell Limited” and “PO Trade Limited.” They often change the information on the website, depending on where the users visit from, which is another red flag.
What is the Pocket Option Customer Support?
Customer support 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
What is Our Verdict on Pocket Option?
Top-tier official regulators do not regulate Pocket Option. Their company is registered in an offshore tax haven and the FCA issued a warning to their investors in the UK. We recommend you take extra steps and verify the company yourself, as we can't give it a good rating.
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.
Is it possible to make a profit on the Pocket Option 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?
The regulatory bodies in the United States don't regulate Pocket Option. We recommend extra caution before working with an unregulated broker.
Is Pocket Option Legal in the UK?
The Financial Conduct Authority (FCA) regulates the online trading market, which means online trading is legal. Pocket Option, however, is on the warning list of the FCA.
Does Pocket Option Have Rollover?
Pocket Option doesn't allow Rollovers at the moment. As a result, traders can't extend their expiry times.
- Founded: 2017
- Headquarters: Marshall Islands
- Payout: 128% Max
- Bonus: 50%
- Minimum Deposit: $50
- Demo Account: 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.