Pocket Option Review:

4.6/5 - (9 votes)

CategoryDetails
BrokerPocket Option
Company NamePO TRADE (SV) LTD, PO TRADE LTD
HeadquartersSt. Vincent & the Grenadines, Saint Lucia
RegulationFMRRC (License number TSRF RU 0395 AA V0174)
US Traders AcceptedNo
Max Payout98%
BonusUp to $100
Trading PlatformProprietary
Trading appYes
Demo AccountYes, unlimited
Early ClosureAvailable
Deposit OptionsCredit/debit cards, bank transfer, cryptocurrency options
Deposit CurrenciesUSD, Bitcoin, Litecoin, Ethereum, Tether and more
Minimum Deposit$10
Minimum Trade$1
Maximum Trade$3,000
Online Since2017
Trading Instruments Currency: AUD/CAD, AUD/CHF, AUD/JPY, AUD/USD, CAD/JPY, CHF/JPY, EUR/CHF, EUR/GBP, EUR/JPY, EUR/RUB, EUR/USD, GBP/AUD, GBP/JPY, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY
Commodities: Gold, Silver, UK Brent, US Crude
Stocks: 3M, Alcoa, Altria, American Express, Bank of America, Boeing, Caterpillar, Facebook, Gazprom, Google, HP, IBM, Johnson & Johnson, Lukoil, McDonald’s, Microsoft, Nornickel, Pfizer, Walt Disney
Crypto: Bitcoin, EOS
Number of Trading Instruments84
Binary Option TypesHigh/Low, 30 Second trades
Customer Support TypesLive chat, web form, phone
Tools OfferedSocial trading, charts, indicators, signals, tournaments
AwardsNone specified
LanguagesAvailable in multiple languages including Russian, French, Vietnamese, Chinese, Korean, Italian, and more

Pocket Option Review

Pocket Option is a binary options trading platform designed for both novice and experienced traders. Established in 2017 and registered under PO TRADE (SV) LTD in Saint Vincent and the Grenadines, it aims to provide a user-friendly interface alongside a robust set of trading features. The broker primarily targets a global audience, although traders from the United States, Israel, and the EEA countries may face restrictions.

The platform operates with a proprietary trading interface that offers an extensive range of trading instruments, including currency pairs, commodities, stocks, and cryptocurrencies. With over 100 assets to choose from, traders have the flexibility to diversify their portfolios. The minimum deposit requirement is set at an affordable $10, enabling users to start trading with a limited investment.

One of the standout offerings of Pocket Option is its demo account, which is available unlimited, allowing users to practice trading strategies without any financial risk. The platform also promotes various bonuses that enhance the trading experience, such as promo codes and cashback offers.

In terms of customer support, Pocket Option provides assistance through live chat and web forms. The broker ensures a fee-free trading environment, stating no commission on withdrawals or deposits, although a minimum withdrawal amount of $10 is required. Overall, Pocket Option presents itself as an engaging trading platform, promoting a unique trading experience that appeals to a diverse range of users.

Pocket Option Pros and Cons

Pros:

  • User-friendly trading platform.
  • Wide variety of trading instruments.
  • Promotions including risk-free trades and bonuses.
  • Low minimum deposit of $10.
  • Unlimited demo account available.

Cons:

  • Lack of strong regulation.
  • Mixed information from customer support.
  • Complex bonus system may resemble gamification.
  • No clear options for fiat currencies in deposit.
  • Withdrawal minimum of $10.

Pocket Option Review

Pocket Option is a notable player in the world of binary options trading, offering an array of features tailored for various types of traders. This comprehensive review delves into important aspects such as account opening, trading platform functionality, deposit options, bonuses, customer support, and much more. Whether you are a beginner or an experienced trader, this review aims to provide valuable insights into what Pocket Option has to offer.

Company Overview

Pocket Option operates under the management of two companies: PO TRADE (SV) LTD located in Saint Vincent and the Grenadines and PO TRADE LTD, based in Saint Lucia. These jurisdictions allow them to cater to a global audience, although it should be noted that they do not accept traders from the US, Israel, and EEA countries. The absence of stringent regulatory oversight raises questions about safety and trustworthiness, as their regulation is handled by FMRRC, a self-regulating financial organization.

Opening an Account

Setting up an account with Pocket Option is a straightforward process. Potential traders simply visit the website and fill out a registration form. Impressively, the site does not require users to disclose their country during the application process. However, it is essential for users intending to trade with real money to confirm whether they are in an eligible territory.

Pocket Option allows users to create a demo account, offering unlimited access to practice trading without the financial risk. This feature allows traders to explore the platform and familiarize themselves with its offerings without the pressure of investing real money.

Deposit and Withdrawal Options

One of the compelling features of Pocket Option is the array of deposit options it offers. Traders can choose from various methods, including credit/debit cards, bank transfers, cryptocurrency options like Bitcoin and Ethereum, and several e-wallet services such as QIWI, WebMoney, and Perfect Money. The minimum deposit requirement is set at just $10, making it accessible for beginners.

Withdrawal procedures are also relatively straightforward. Pocket Option states that no deposit or withdrawal fees are charged, with a minimum withdrawal limit of $10. It is crucial for traders to be aware that while the platform does not impose transaction fees directly, external fees related to currency conversion or the payment service provider may apply.

Trading Platform

The proprietary trading platform at Pocket Option distinguishes itself with a unique interface that may be unfamiliar for those accustomed to traditional trading platforms. Despite the initial visual complexity, the platform offers a range of functionalities that aid traders in executing their strategies more effectively.

Traders can access customizable charts, various technical indicators, and trading signals to enhance their decision-making processes. Additionally, there are options for social trading, allowing users to follow and replicate the strategies of other successful traders. The platform supports over 100 trading instruments, including currencies, commodities, stocks, and cryptocurrencies.

Types of Trades and Instruments

Pocket Option provides two primary types of binary options trades: High/Low and short-term trades, which can be executed in as little as 30 seconds. This limited variety may not satisfy those looking for vast trading opportunities; however, the platform covers a decent number of trading instruments, including around 84 assets spread across various categories.

Trading Instruments

The trading instruments available on Pocket Option encompass various asset classes, including:

  • Currencies: Major currency pairs such as EUR/USD, AUD/JPY, and GBP/USD.
  • Commodities: Gold, silver, and crude oil options are available.
  • Stocks: Include well-known companies like Google, Microsoft, and Facebook.
  • Cryptocurrencies: Support for Bitcoin and EOS trading.

Bonuses and Promotions

One of the standout features of Pocket Option is the extensive selection of bonuses and promotions. New traders receive a bonus upon opening an account and making a deposit, with potential bonuses growing based on the tier of the trader’s account.

The account tiers include:

  • Beginner: For a deposit of $10, traders receive a $100 bonus.
  • Master: For deposits between $1,000 and $10,000, a trader can enjoy bonuses and increased payout percentages.
  • Guru: Account holders who deposit over $10,000 benefit from premium features, larger trades, and enhanced bonuses, improving their trading potential.

Moreover, traders can acquire various promotional items by using a system of gems, offering opportunities like risk-free trades and cashback promotions. While this gamification approach provides ample engagement, it might raise concerns about the overall integrity of trading operations.

Customer Support

Pocket Option’s customer support is available through multiple channels, including live chat, web forms, and phone support. While initial response times may vary, the support agents have been reported to be friendly and helpful. This willingness to assist is crucial for traders who may have questions or face difficulties while navigating the platform.

Educational Resources

Understanding the complexities of trading can be daunting for beginners, which is why Pocket Option provides numerous educational resources. These include:

  • Platform Guide: Assistance in navigating the platform’s features.
  • Trading Strategies: Insightful methods to assist traders in developing their approach.
  • Video Tutorials: Instructional videos covering key concepts in trading.
  • Glossary: Definitions of trading terminology to support understanding.

Furthermore, the tips and tricks section can provide invaluable advice for improving trading practices and enhancing outcomes. Such resources aim to empower traders, ensuring they make the most informed decisions while trading.

Accessibility and Language Support

Pocket Option caters to a diverse clientele by providing access to various languages, including Russian, French, Spanish, Portuguese, and many others. This wide range of language support makes the site more welcoming for international traders, facilitating a smoother trading experience.

Pocket Option emerges as a compelling platform for binary options trading, boasting innovative features, an accessible trading interface, and numerous educational resources. However, potential traders must weigh the pros and cons carefully, especially considering the lack of robust regulatory oversight. Users are encouraged to conduct thorough research and assess their own trading needs before fully committing to this platform.

Pocket Option FAQ

Is Pocket Option a scam?

While there are no definitive indicators of Pocket Option being a scam, the absence of heavy regulatory oversight necessitates cautious engagement. The platform has yet to demonstrate malfeasance, and users are encouraged to utilize discretion.

Can I interact with other traders at Pocket Option?

Yes, the platform features a chat function that enables traders to exchange ideas, discuss analysis, and collaborate more effectively.

What is the longest binary option expiry time at Pocket Option?

The longest expiry time for binary options available is H4 (4 hours), providing traders with extra flexibility.

Pocket Option is a binary options trading platform operated by PO TRADE (SV) LTD and PO TRADE LTD. Based in St. Vincent and the Grenadines and Saint Lucia, it accepts traders from many countries but does not cater to clients from the USA, Israel, or EEA countries. The platform is regulated by FMRRC (License number TSRF RU 0395 AA V0174), although it is essential to note that this is not a government agency. Users can create demo accounts with unrestricted access to the trading environment. The minimum deposit is $10, allowing access to a proprietary trading platform that boasts over 100 trading instruments. Pocket Option offers various bonuses, including promo codes and cashback. While it has a user-friendly interface and a wide selection of features, concerns about its lack of stringent regulation and transparency persist. The platform lacks deposit or withdrawal fees, making it appealing for cost-conscious traders.

Pocket Option FAQ

Is Pocket Option a scam?

It appears not to be one. There are no signs of fraudulent activities, and it’s registered with a self-regulated financial organization.

What trading options are available on Pocket Option?

Pocket Option offers various instruments including currencies, stocks, commodities, and cryptocurrencies, totaling over 100 options.

Can I trade with a demo account?

Yes, an unlimited demo account is available for users to practice trading without any obligations.

What is the minimum deposit required?

The minimum deposit to start live trading is just $10.

Are there any withdrawal fees?

No, Pocket Option does not charge for deposits or withdrawals, making it fee-friendly for users.

How can I reach customer support?

Customer support can be contacted through live chat, web forms, or phone for assistance.

What platforms can I use for trading?

Pocket Option operates on its proprietary platform, designed to be user-friendly with various trading tools.

Are there bonuses available?

Yes, Pocket Option provides numerous bonuses based on your account tier, which can enhance your trading experience.

Is there an education section available?

Absolutely, users can access guides, strategies, and tutorials to improve their trading skills.

What languages does Pocket Option support?

Pocket Option caters to a diverse user base with support for multiple languages including English, Russian, Chinese, French, Vietnamese, Korean, Italian, and more.

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