Pocket Option Review - Is PocketOption Safe And Trustworthy?
If you are looking for an electrifying trading platform, Pocket Option is one that holds the key to your financial success.
The broker platform is just perfect with multiple options to facilitate traders.
In this thrilling Pocket Option review, we unlock the secrets of Pocket Option, revealing its cutting-edge features, diverse trading options, and the reasons behind its unmatched reputation.
Also, this review will guide you through every aspect of Pocket Option – the best broker in town.
Get ready to unleash the trader within you!
Pocket Option Review
Unravel the secrets of the best binary options broker in our in-depth Pocket Option review. Find out why this platform leads the market and opens doors to limitless possibilities. With its user-friendly interface, secure platform, and wide range of assets, Pocket Option stands out as a top-rated choice for traders. Discover its key features, account options, and customer support to make informed decisions for successful trading.
Start your journey today with Pocket Option and unlock new opportunities in the world of binary options.
What Is Pocket Option?
Pocket Option is a popular online platform offering binary options, forex, and cryptocurrency trading. The broker is an example of simplicity and user-friendliness.
The platform is one of the leading platforms for traders of all levels.
It will offer you a seamless trading experience through its registered platform. It was founded in 2017 by some talented heads who joined the team to build a top-notch trading house for traders.
Statistics show that it has more than 10 million registered users.
The number is huge!
On the other hand, Pocket Option is a part of the Gembell Limited Holding company. The company has an IFMRRC certification that ensures quality and OTC market access.
At the same time, the broker has other advantages that push traders to get involved with them.
More than 100 trading assets are available. Pocket Option is known for its low minimum deposit requirements, which make it a popular choice for novice traders. Moreover, you will get other noticeable benefits that we will review individually.
So the facts are –
- Any reputed company does not regulate the broker
- Low deposit amount
- Seamless trading platform
- Over 100 global trading assets
Why Choose Pocket Option?
Till now, you plucked multiple pieces of information. But in reality, the only experience you will gather is if you have the opportunity to experience it in real.
But before diving in, let’s explore why this broker could be your go-to choice.
Let’s find out the key factors/features of this broker that place it in the best condition.
- A low initial deposit of $5
- Minimum trade $1
- Trading instruments 100+
- $5 minimum investment
- Payout ratio 92%
- Demo account $50,000
- Social Trading
- Comprehension education
- Dedicated customer support team
- Mobile trading
- 50+ payment methods
- Bonus & promotional offer
- Minimum withdrawal of $5
Is Pocket Option Regulated?
Broker’s regulation is a superior part that you can’t ignore. Have you considered the potential risks of investing with a broker that is not regulated?
90% of traders will have an unfavorable answer. However, there is a gap between regulated and licensed brokers.
Pocket Option is not regulated by any major financial regulatory authority, such as the U.S. Securities and Exchange Commission (SEC) or the Financial Conduct Authority (FCA) in the United Kingdom.
Instead, Pocket Option is licensed by the Autonomous Island Of Mwali (Mohéli) Comoros Union.
That’s an interesting point!
It seems like the regulation part might still be a bit premature. However, it is a licensed broker that also secures your investment.
On the other hand, if you ask me to add something, I recommend you take your decisions wisely.
How To Open Pocket Option Account?
Setting up a trading account with Pocket Option is a simple process. Below is a step-by-step instructions to assist you:
- Pocket Option Sign-Up
To begin, visit the Pocket Option website and click the “Sign Up” or “Register” button.
You will be directed to a registration form that requires basic information, such as your
- Name
- Email address
- Password
You can also sign up by using social channels like Facebook or Gmail.
It is my recommendation to go for something other than the social channels. It is better to open an account with a registration form to secure your account and receive push mail with offers.
Once you have filled in the required details, click the “Sign Up” button to complete the registration process.
- Pocket Option Login
Before login, check your mail.
You will get a verification email to the provided email address. Click on the verification link to confirm your account and gain access to the trading platform.
So, to log into the account:
- Enter the registered email address
- Password
Click the “sign in” button to complete the process.
Pocket Option Profile Level
As with any trading platform, Pocket Option offers different profile levels. The profile level represents the loyalty to the platform. One can unlock each level after completing the existing criteria.
Moreover, the broker provides various premium features and trading benefits to the high-profile level trader.
Let’s take a closer look at the available profile options:
1. Newbie:
Take the first step towards becoming a successful trader with a newbie level. It is a perfect start for new traders. With a small investment, you can open an account.
The benefits that they will get are given below:
- Balance less than $100
- Transaction limit $1000
- Social trading facility
- All types of tournaments
2. Beginner:
This account level is also for beginner traders who are just getting started with their trading journey. It offers facilities to beginners with the following:
- Balance less than $100
- Maximum transaction $1000
- Social trading facility
- All types of tournaments, trading achievements
3. Experienced:
If you have a minimum balance of $1000, then you will level up your account to the experienced level. Also, they will have the premium gifts.
Traders with this level gain access to exclusive analytical tools, personalized assistance, and higher trading limits.
- Minimum balance $1000
- Maximum transaction $1000
- All types of tournaments
- Forex MT5 trading
- Increased payout by 2%
4. Master:
The master profile level announces your strong grip on trading. However, the minimum balance should be $5000.
Profits from trades executed with a 1-pip difference and an investment of up to $10.
- Minimum balance $5000
- Maximum transaction $2000
- All types of tournaments
- Forex MT5 trading
- Personal discount in the market
- Increased payout by 4%
5. Pro:
To enjoy the expanded features and additional benefits, you have to complete the master level and enter the pro trading level. Pro-level holders enjoy the lucrative benefits.
Profits from trades executed with a 1-pip difference and an investment of up to $50.
- Minimum balance $15,000
- Maximum transaction $3000
- Increased payout by 6%
- High-priority withdrawal processing
- Personal manager
6. Guru:
The last-level traders who hold everything that Pocket Option promises. Guru level is full of cutting-edge and exclusive offerings for the most seasoned and ambitious traders.
You’ll have the privilege of exclusive insights from industry experts and receive tailored trading strategies to fuel your success.
Profits from trades executed with a 1-pip difference and an investment of up to $100.
- Minimum balance $50,000
- Maximum transaction $20,000
- Personal manager
- Extended list of indicators
- Increased payout by 8%
Pocket Option Trading Account Types
As with any trading platform, Pocket Option offers different account types to cater to the diverse needs of its users. Each account type comes with its own set of features, benefits, and minimum deposit requirements.
Let’s see their offered accounts:
- Quick Trading:
For those who aim to trade binary options, the quick trading account is perfect for them. It’s a proprietary platform.
The benefits that it share:
- Payout ratio 92%
- Wide trading instruments
- Zero spread
- Zero leverage
- MT4 & MT5 Account:
MT4 & MT5 account is a professional platform for expert traders. This account type is suitable for both CFDs and currency traders.
The additional features:
- Leverage is up to 1:1000.
- Variable spreads are from 1.2 pips.
- No trading fee.
- Shares Account:
A shares trading account is a special Meta Trader 5 account for CFD traders who trade on stocks.
You will get the additional features that make this account acceptable to professionals.
- Minimum order is 1 lot
- Leverage is 1:1.
- Spreads start at 10 units of base instrument currency.
- Shorter instruments list
Pocket Option Demo Account
A demo account is not just a blessing for traders but a tool to examine the platform before the war. Investors and traders have many windows here to open.
You can trade multiple assets with an outstanding payout. However, you can’t withdraw the virtual currency. On the other hand, professionals can use demo accounts to create and test strategies.
The Pocket option virtual account will give you the wings to navigate the platform thoroughly.
Here are some compelling reasons why a demo account:
- Virtual currency worth $10,000
- Intuitive trading platform
- No limited timeframe
- Zero financial loss
- A/B testing without any monetary risk
- Risk-free environment
Platform Overview
Pocket Option is a user-friendly and accessible trading platform that connects traders of all levels of expertise. With a wide range of trading assets, including forex, stocks, cryptocurrencies, and commodities, traders can diversify their portfolios and explore various financial markets.
The platform offers a demo account for risk-free practice. A demo account allows beginners to gain valuable experience before trading with real money.
Pocket Option also provides various bonuses and promotions, enhancing the trading experience for its users.
Traders can access the platform through web browsers or the mobile app, ensuring that they can stay connected to the financial markets at all times. Customer support is available through multiple channels.
Pocket Option’s social trading feature opens new possibilities for beginners and experienced traders, fostering a collaborative and supportive trading environment.
As we know, copy trading can be another way to define success.
To understand the platform’s features and how it works, I chose to trade with a demo account.
- The platform is a powerhouse for traders
- Wide range of trading tools
- Social trading
- Signals for trading automation
Pocket Option Mobile Trading
Pocket Option allows traders to trade on the go. The mobile trading facility opens the window of possibility where you can trade without spending hours in front of a laptop.
The app is compatible with both Android and iOS devices, making it accessible to a wide range of users.
So, you will get:
- User-friendly interface
- Platform similar to the web version
- Seamless trading experience
With the mobile app, traders can stay connected to the financial markets at all times. The app provides access to real-time market data, charts, and technical analysis tools, empowering traders to make informed decisions from anywhere.
Pocket Option Social Trading
Social trading is one of the best features for traders. It is a unique opportunity that allows you to copy trades from professionals.
With social trading, traders can follow experienced and profitable traders, known as “leaders,” and automatically copy their trades in real time.
Without spending money, you are learning and earning at the same time.
You will learn:
- How professional traders trade
- Learn from their strategies
- Gain exposure to different trading styles
- Manage settings depending on your current investment
The process is simple:
- Keep track of the trader’s activity
- Choose traders
- Copy their trades
- Get profit
If you are dying for a passive income, look no further. Copy trading or social trading could be your best choice. It’s an accurate income system that runs 24/7 without staying online.
How To Get Pocket Option Bonus & Promo?
Bonus; who wants to avoid getting an extra payment?
Pocket Option offers various bonuses and promotions to its users. These bonuses can enhance the trading experience and provide additional trading capital, potentially increasing your profitability.
Here are some quick notes:
- You can cancel the bonus at any time
- Active and not-executed the bonus will be deducted from your Real account’s balance
- You can execute the bonus and withdraw it if your net trading turnover is not less than $2500.00
Common types of bonuses offered by Pocket Option includes:
- Welcome Bonus:
This bonus is typically offered to new users upon registering with the platform and making their first deposit. The welcome bonus is often a percentage of the initial deposit and is credited to the trader’s account automatically.
- Bonus amount is 50% of first deposit
- To get a bonus, a minimum deposit of $100
- Deposit Bonus:
The pocket option offers a deposit bonus based on the funded amount. The bonus percentage may vary depending on the promotion.
However, the minimum deposit to get this bonus is $50.
- Promo Codes:
A Promo code is available for traders for account replenishment. After opening the dashboard, you will get the promo code.
- Go to the “Finance” section
- Get available promo codes
- Get promo code “50START”
- Click check
Now, enter your deposit amount to find the bonus amount.
Pocket Option Deposit Methods
Almost all brokers, including Pocket Option, do not require fees to open an account. Opening an account is entirely free. But, to start trading, you must deposit a petite figure or a considerable amount.
The minimum deposit starts from $5. However, the minimum balance or funding amount depends on the account type.
Additionally, 50+ deposit methods are available for traders, including credit/debit cards, e-wallets, and cryptocurrencies.
Various methods make it convenient for traders to fund their accounts.
Note that:
- The broker does not charge any fees
- Can top-up your account in any currency
- Available deposit bonus
Pocket Option Withdrawal Method
When it comes to withdrawals, a verified account is a must to create a withdrawal request. So, remember to verify your account with all necessary documents.
Just like the minimum deposit, there is also a minimum withdrawal amount. Please note that the minimum withdrawal amount may vary depending on the withdrawal method.
- The minimum withdrawal amount is $10
- The platform does not charge any withdrawal fees
- Requests are processed within 1-3 business days
However, the withdrawal processing time may vary depending on the method and other factors. It is essential to review the terms and conditions to ensure a smooth and efficient process.
Advantages & Disadvantages Of Pocket Option
Selecting the right broker is a critical decision. Even a platform significantly impacts your financial success. Among the multitude of options available, Pocket Option has emerged as a notable contender.
To make an informed decision about whether Pocket Option is the best broker for you, let’s evaluate its advantages and disadvantages.
Let’s start with the pros section:
- The user-friendly, cutting-edge platform allows you to trade with focus and power
- Diversify trading instruments help you to diversify your portfolio
- A demo account permits traders to test and practice trading
- Various bonuses and promotions increase the possibility of earning extras
- Different account types open the door to choose the best fit according to the trading experience
- Mobile trading facility qualifies traders to trade from anywhere
However, there a very few disadvantages I could able to find.
- The regulation may not provide the same level of protection as more established regulatory bodies.
- You won’t have access to chat support as a demo trader
Pocket Option Customer Support Team
A reliable customer support system is vital for a smooth trading experience.
Pocket Option offers multiple channels for customer support, including email, live chat, and telephone support. Traders can reach out to the support team with their queries. The responsive support staff aims to address these concerns promptly.
However, it is essential to note that the effectiveness of customer support may vary depending on the volume of inquiries. Some traders may experience faster response times, while others may need to wait for a more extended period.
So, the fact is,
- Only real account holders will get support chat
- General chat option is available for verified profile
Pocket Option Complaint
As with any trading platform, users may have concerns about the legitimacy and reliability of Pocket Option.
We have gone through different forums and also talked with top traders. Most of them are not happy with their chat support option.
Apart from this, the rest are:
- Regulation issues – the broker is not regulated by top authorities.
- Withdrawal issue – though it’s a common cause; but happened as we ignore instructions.
Here comes the best part that we mentioned, withdrawal.
Traders especially the new runner do not focus on account verification. And often open more than one trading account using the same identity.
IT’S A SCAM!!
Pocket Option has the authority to close your both accounts without even warning you. So, please read the terms and conditions carefully.
FAQ: Frequently Asked Questions
You had an amazing tour with us. So, your basic journey is over and you can now start with a demo platform to test the broker.
But before that, it is essential to know a few FAQs that are frequently asked by traders.
1. Is Pocket Option risky?
Trading itself is a risky game. You have to count each step carefully while investing money. Pocket option is not a risky broker, you you will carry risk if you don’t know how to trade and how to analyze the market.
2. Can you withdraw money from the pocket Option?
Definitely, a big yes. You can withdraw money from this platform but before that please fill the requirements they want.
Verify your account with all necessary information and read the rules and regulations carefully.
3. Is Pocket Option legal?
Yes, pocket option is legal but not regulated with renowned regulatory companies.
4. Can the Сompany block my account?
No, you can’t open two accounts simultaneously. Pocket Options hold the right to block your account if they find any illegal activities.
Also, if you don’t follow the rules, they will suspend your account without any prior notice.
5. Do they charge any fees to open an account?
The platform doesn’t charge any fees to open an account. You can start performing trade with a demo account. It will help you to navigate the trading interface to know how the broker works.
6. Does pocket options have any country restrictions?
Yes, pocket option has some restrictions. The broker does not accept traders from all countries.
7. What are the deposit and withdrawal options?
Pocket Option offers a wide range of options for depositing and withdrawing your money, so you can choose the one that works best for you. Whether you prefer a bank transfer, WebMoney, Perfect Money, Payeer, Advcash, Jeton, VLoad, Visa cards, Mastercard, or Maestro, they have you covered.
Conclusion
As we conclude our in-depth exploration of Pocket Option, it becomes evident that this trading platform holds the key to unlocking a world of financial opportunities.
While Pocket Option may not be under the regulation of prominent financial authorities, its commitment to transparency and customer care assures traders that their trading experience is taken seriously.
So, are you ready to embark on a rewarding trading adventure? With Pocket Option, the possibilities are limitless, and the path to financial success lies within your grasp.
