Pocket Option Review

Home » Reviews » Pocket Option Review

Binary options trading is a form of online trading that involves predicting the outcome of a yes/no proposition on the price movement of an underlying asset. Pocket Option is an online broker that specializes in binary options trading and claims to offer a user-friendly platform, a variety of assets, fast payouts, and social trading features. However, binary options trading is also a risky and controversial activity that is banned or restricted in many countries. Therefore, it is essential to conduct a fair and honest review of any broker before deciding to trade with them. In this article, we will review Pocket Option and provide our verdict on whether it is a safe and reliable broker to trade with.

Summary

Pocket Option Review

Established in 2017 and owned by Gembell Limited, Pocket Option is an online broker that specializes in binary options trading. The broker claims to offer a user-friendly and innovative platform that supports over 100 global trading assets, including forex, cryptocurrencies, commodities, stocks, and indices. Pocket Option also boasts of providing fast payouts, social trading features, and various bonuses and promotions for its clients. The broker is regulated by the International Financial Market Relations Regulation Center (IFMRRC), which is not a well-known or reputable authority. Pocket Option accepts traders from many countries, including the USA and Canada, but it also warns that binary options trading is a high-risk activity that is prohibited or restricted in some jurisdictions. Therefore, traders should exercise caution and due diligence before trading with Pocket Option.

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

TradeTrade

Regulation

Exploring the background of Pocket Option, it emerges as the brand name of Gembell Limited, a company registered in the Marshall Islands under registration number 86967. This company is regulated by the International Financial Market Relations Regulation Center (IFMRRC), which is an independent organization that claims to provide certification and verification of financial market participants. However, the IFMRRC is not an official or reputable financial regulator, and it does not offer tier 1 regulation, meaning features like trader insurance, fund segregation, and dispute resolution are not provided.

The lack of proper regulation for Pocket Option introduces an element of risk and uncertainty for traders who deposit funds with the platform. While the platform claims to offer a user-friendly and innovative trading experience, it also warns that binary options trading is a high-risk activity that is prohibited or restricted in some jurisdictions. Therefore, traders should exercise caution and due diligence before trading with Pocket Option, as they may not have the same level of protection and recourse as they would with a regulated broker.

In light of these facts, potential traders are advised to proceed with awareness and thorough understanding of the regulatory landscape, recognizing the limitations and possible ramifications of trading with Pocket Option.

Platforms & Tools

Pocket Option presents its clientele with a proprietary web-based trading platform that claims to offer a user-friendly and innovative trading experience. The platform supports trading in over 100 global assets, including forex, cryptocurrencies, commodities, stocks, and indices. The platform also boasts of providing fast payouts, social trading features, and various bonuses and promotions for its clients.

Pocket Option platform

The Pocket Option platform caters to traders of all experience levels and preferences. It allows traders to customize their chart layout, timeframes, indicators, and graphical tools for better market analysis. It also enables traders to place trades with different expiry times, ranging from 30 seconds to 4 hours. Additionally, the platform offers a variety of order types, such as market, limit, stop, and pending orders.

The Pocket Option platform can be accessed via web browsers, desktop applications, or mobile devices. The platform also has a web application that can be installed on any device without downloading. Moreover, the platform has a Telegram bot that can provide market news, signals, and analytics.

Beyond the platform, Pocket Option enhances the trading experience with a suite of valuable tools and resources, including:

• Social Trading: One of the unique features offered by Pocket Option is social trading, which allows traders to monitor the progress, view the ratings, and copy the trades of the most successful traders on the platform. Social trading can help traders learn from others and generate passive income.
• Chat: Another exclusive feature offered by Pocket Option is chat, which allows traders to contact the support service, communicate with other traders, and create their own chat groups. Chat can help traders get instant analytics information, stay abreast of the latest news and promotions, and share their trading experience.
• Indicators and Signals: Pocket Option provides a range of indicators and signals that can help traders identify trading opportunities and track market trends. The platform supports popular indicators such as Bollinger Bands, MACD, RSI, Stochastic Oscillator, and more. The platform also offers free signals from professional analysts that can be accessed via the website or the Telegram bot.
• Achievements: Pocket Option rewards its clients with various achievements that can be unlocked by completing certain tasks or reaching certain milestones on the platform. Achievements can grant traders access to bonuses, cashback, risk-free trades, and other benefits.

Education

Pocket Option’s commitment to empowering traders extends to its comprehensive help section, an invaluable resource aimed at nurturing clients’ trading acumen and confidence. This help section encompasses an array of topics crucial to binary options trading, including:

• Quick Start: This section provides a brief overview of how to trade on the Pocket Option platform, covering registration, verification, deposit, withdrawal, and trading processes.
• FAQ: This section answers the most frequently asked questions about the Pocket Option platform, services, features, and policies.
• Glossary: This section elucidates common binary options trading terminology, such as asset, expiration time, strike price, payout, and more.
• Tutorials: This section offers practical guides on how to use the Pocket Option platform and its various features, such as indicators, signals, social trading, chat, achievements, and more.
• Strategies: This section introduces some of the popular and effective strategies for binary options trading, such as trend following, reversal, news trading, and martingale.

Pocket Option’s educational thrust doesn’t end here. Complementing web-based learning, the platform also provides access to free signals from professional analysts that can help traders identify trading opportunities and track market trends. These signals can be accessed via the website or the Telegram bot. In essence, Pocket Option’s help section and supplementary tools pave the way for traders to not only comprehend the complexities of binary options trading but also to equip themselves with the skills, knowledge, and psychological resilience requisite for navigating the dynamic landscape of financial markets.

Markets

Pocket Option offers a diverse and innovative trading platform that allows traders to access various financial markets and instruments. These include forex, cryptocurrencies, stocks, commodities, and indices. These instruments are available in the form of binary options, which are contracts that pay a fixed amount if the trader correctly predicts the direction of the price movement of an underlying asset within a specified time frame.

In the forex market, Pocket Option provides access to over 40 currency pairs, including major, minor, and exotic options. Traders can choose from pairs like EUR/USD, GBP/USD, and USD/JPY taking advantage of the high volatility and liquidity of the forex market.

In the cryptocurrency market, Pocket Option offers more than 30 crypto options, covering popular coins like Bitcoin, Ethereum, Litecoin, Ripple, and Dogecoin. Traders can also trade crypto pairs like BTC/USD, ETH/USD, LTC/USD, and DOGE/USD, as well as crypto indices like Crypto IDX and Crypto Volatility 10 Index.

In the stock market, Pocket Option features over 100 stock options from various sectors and industries. This includes shares of leading companies like Apple, Amazon, Google, Tesla, Facebook, Netflix, Coca-Cola, and McDonald’s. Traders can also trade stock indices like US30, SPX500, GER30, UK100, AUS200, and JPN225.

In the commodities market, Pocket Option offers more than 10 commodities options, ranging from precious metals like gold and silver to energy products like oil and natural gas. Traders can also trade agricultural commodities like corn and wheat.

In the indices market, Pocket Option provides access to over 20 indices options that track the performance of different groups of stocks or markets. These include global indices like US30 (Dow Jones Industrial Average), SPX500 (S&P 500), GER30 (DAX), UK100 (FTSE 100), AUS200 (ASX 200), and JPN225 (Nikkei 225). Traders can also trade volatility indices like Volatility 10 Index and Volatility 25 Index.

By offering binary options across these markets, Pocket Option enables traders to enjoy simplicity and flexibility while trading various assets with different risk-reward profiles. This diverse selection reflects Pocket Option’s commitment to delivering a user-friendly and innovative trading platform.

Accounts

Pocket Option tailors its account offerings to cater to a diverse range of trading preferences and styles, providing traders with a selection of distinct account types: Novice Trader, Beginner, Experienced, Master, Professional, and Expert Accounts. Each account type is accompanied by unique features and conditions, allowing traders to align their trading strategy with their individual needs. Here’s a concise overview of each account type:

• Novice Trader Account: This account type is designed for traders who are new to binary options trading and want to start with a low minimum deposit. It offers a minimum deposit of $5 and no maximum deposit limit. Traders can leverage up to 1:1000 and access various trading instruments such as forex, cryptocurrencies, stocks, commodities, and indices. The account also features bonuses, cashback, tournaments, achievements, indicators, signals, and social trading.
• Beginner Account: This account type is tailored for traders who have some experience in binary options trading and want to improve their skills. It offers a minimum deposit of $5 and no maximum deposit limit. Traders can use high leverage up to 1:1000 and access various trading instruments such as forex, cryptocurrencies, stocks, commodities, and indices. The account also features higher bonuses, higher cashback, tournaments, achievements, indicators, signals, and social trading.
• Experienced Account: This account type is geared toward traders who have a good level of knowledge and confidence in binary options trading. It offers a minimum deposit of $5 and no maximum deposit limit. Traders can leverage up to 1:1000 and access various trading instruments such as forex, cryptocurrencies, stocks, commodities, and indices. The account also features higher bonuses, higher cashback, VIP tournaments, VIP achievements, VIP indicators, VIP signals, and social trading.
• Master Account: This account type is ideal for traders who have mastered the art of binary options trading and want to enjoy exclusive advantages. It offers a minimum deposit of $5 and no maximum deposit limit. Traders can leverage up to 1:1000 and access various trading instruments such as forex, cryptocurrencies, stocks, commodities, and indices. The account also features higher bonuses, higher cashback, VIP tournaments, VIP achievements, VIP indicators, VIP signals, and social trading.
• Professional Account: This account type is designed for traders who are experts in binary options trading and want to access the MetaTrader 5 platform. It offers a minimum deposit of $5 and no maximum deposit limit. Traders can leverage up to 1:1000 and trade various instruments such as forex, cryptocurrencies, stocks, commodities, and indices. The account also features indicators, signals, and social trading.
• Expert Account: This account type is reserved for traders who are elite in binary options trading and want to trade on weekends using synthetic indices replicating real markets. It offers a minimum deposit of $5 and no maximum deposit limit. Traders can leverage up to 1:1000, benefit from variable spreads starting at 0.8 pips, and explore the unique realm of weekend trading.

Funding

Pocket Option offers a diverse range of payment methods for funding trading accounts and withdrawing profits:

• Cards: Visa and Mastercard enable deposits and withdrawals. The minimum deposit and withdrawal amounts are $5, with no maximum limit per transaction. Pocket Option does not charge any fees for deposits and withdrawals, but your bank or card issuer may apply charges.
• E-Payments: Perfect Money, Advcash, WebMoney, Jeton, and PayRedeem support both deposits and withdrawals. The minimum and maximum transaction limits are $5 and $10,000, respectively. Pocket Option does not charge any fees for deposits and withdrawals, but the payment providers may impose fees on certain transactions.
• Cryptocurrencies: Bitcoin and Tether allow deposits and withdrawals. The minimum deposit and withdrawal amounts are $5, with no maximum limit per transaction. Pocket Option does not charge any fees for deposits and withdrawals, but there may be potential security risks associated with cryptocurrency transactions. Traders should take appropriate measures to ensure the security of their cryptocurrency transactions.

To initiate transactions, log in to your Pocket Option account and visit the “Cashier” section. Here, select your preferred payment method and follow the on-screen instructions. Processing times may vary depending on the method and network involved.

Conclusion

In conclusion, Pocket Option is a binary options broker that offers a diverse and innovative trading platform that allows traders to access various financial markets and instruments. The broker claims to be regulated by the IFMRRC, which is an independent organization that provides certification and verification of financial market participants. However, the IFMRRC is not an official or reputable financial regulator, and the lack of proper regulation for Pocket Option introduces an element of risk and uncertainty for traders who deposit funds with the platform. The broker provides a range of features and benefits to enhance the trading experience of its clients, such as high leverage and payouts, bonuses, cashback, tournaments, achievements, indicators, signals, and social trading. However, it’s worth noting that while Pocket Option offers strong features, there are other brokers with longer track records that might be worth considering as alternative options. For additional choices, we encourage you to explore our trading broker reviews.

$5

Pocket Option is an online trading platform that offers binary options and CFDs on various assets, such as forex, cryptocurrencies, stocks, commodities, and indices. The platform has a range of features and benefits for traders, such as high payouts, bonuses, cashback, tournaments, achievements, indicators, signals, and social trading. The platform is regulated by the IFMRRC, which is not an official or reputable financial regulator.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

TradeTrade

About the Author

Trading Brokers
Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for.