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Pocket Option first entered the binary options market in 2017 and created quite a name for itself. 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 trading services to thousands of people across the world, with more than 100 trading instruments accessible to trade and a variety of payment methods for foreign investors.
Table of contents
- 1 Pocket Option Summary
- 2 Why Choose Pocket Option?
- 3 Overview
- 4 Pros and Cons
- 5 Compare Pocket Option to Similar Trading Platforms
- 6 Regulation
- 7 Trading Platform
- 8 Mobile Trading App
- 9 Commission & Fees
- 10 Account Types
- 11 Demo Account
- 12 Assets
- 13 Deposits and Withdrawals
- 14 Trade Types
- 15 Payouts
- 16 Bonuses & Promos
- 17 Is Pocket Option Safe and Legit?
- 18 Customer Support
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 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?
- Trusted by Millions Already
- High Payouts (up to 128%)
- 50% Deposit Bonus
- 50+ Deposit Methods
- 100+ Assets
- Great Trading Platform
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|
Pros and Cons
PocketOption has a lot of features you might like as a trader, but you should also be aware of the potential downsides.
|100+ assets to trade||Only 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:
|Broker||Pocket Option||IQ Option||IQCent||Nadex|
|USA Clients Allowed||Yes||No||Yes||Yes|
|Platforms||Web, Windows, MacOS, Android, iOS||Web, Windows, MacOS, Android, iOS||Web, Windows, Android, iOS||Web, Android, iOS|
Pocket Options is regulated by the International Financial Market Relations Regulation Center (IFMRRC). This broker has the Know-Your-Customer policy and complies with the Anti-Money Laundering Policy.
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 great and include all the basic charts you need, like line, candles, bars, and Heiken Ashi. You can customize the time frames from 5 seconds to 1 day.
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, stats and performance of the trader shows up. You can message the trader, see how many people copy them, number of deals, max. trade amount, maximum profit, percentage of profitable deals and more.
Another feature that we found useful is the Signals. You can copy the signals with varying expiry times with a single click of a button directly on the platform. They even have a Telegram Signal bot, where traders receive quality signals and place trades automatically with the help of Telegram app.
For an even more intuitive trading experience, they offer hotkeys for faster actions and a streamlined process.
Mobile Trading App
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 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.
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.
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|
Pocket Option offers a demo account so you can try out the platform. To use it, you are not required to register with them. 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 the their website and select the Demo account button. It’s always better to test the waters with the demo before investing real money.
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.
Pocket Option offers more than 130 assets to trade. These assets are divided into 5 categories:
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:
- Debit Card
- Bitcoin Cash
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, USD coin.
The minimum withdrawal amount for live trading accounts is 10 USD, which is lower than most binary options brokers. 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”. 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 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.
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 it was 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.
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%.
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%.
Bear in mind that high/low trading offers you higher payouts when 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 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.
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.
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 other traders. 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 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 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 personal information of the client.
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.
The 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 social networking sites such as Facebook, Instagram, and Twitter. On their website, they 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
Pocket Option Review – 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 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.
Is it possible to make 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. 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 it is regulated by the IFMRRC. The online trading market is regulated by the Financial Conduct Authority (FCA), 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. Traders can’t extend their expiry times.
- 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.