Pocket Option.
Pocket Option is a global binary options broker with sleek proprietary trading platform and competitive range of assets.
Quick Menu.
What Is Pocket Option? Company Details History Mobile Trading Live Accounts Demo Account Deposits Withdrawals.
Instruments:
Crypto, Stocks, Binary.
Demo Accounts:
MetaTrader 4:
MetaTrader 5:
STP Account:
ECN Account:
DMA Account:
Margin Trading:
Social Trading:
Copy Trading:
Islamic Account:
Min. Deposit $50 Min. Trade $1 Regulated By IFMRRC Mobile Apps iOS & Android Currencies USD.
Cryptos.
Pocket Option supports five cryptocurrency options assets spanning major tokens and cross pairs.
Coins BTC, ETH, EOS, LTC Spread N/A.
Pocket Option is a binary and OTC options broker providing forex, stocks, commodities and indices assets. The firm offers a proprietary comprehensive trading platform that users can access via a free demo account. There is also a range of feature-rich live accounts which can complement strategies for beginners, as well as expert traders. Our 2023 Pocket Option review explores the login process, fees, bonuses, payment methods and more.
What Is Pocket Option?
Company Details.
With four asset classes available, clients can access a range of binary and over-the-counter (OTC) options. The broker aims to provide an accessible and convenient service on an innovative platform, ideal for swing traders. Flexible features are also available, such as signals, bots and copy trading 212 trading, with potential payouts ranging from 45% to 80%.
History.
Pocket Option’s official website and company is owned and managed by Gembell Limited, with its office registered in the Marshall Islands. Although only founded in 2017, the broker gained over 100,000 active users in 95 countries by the end of the year. Since then, it has grown significantly, reaching the 1 million user mark in 2018 and over 10 million registered clients by 2019.
Markets.
The broker offers binary or over-the-counter options (OTC), meaning contracts can be traded off-exchange via private transactions between two counter-parties (the buyer and the seller). Pocket Option offers 100+ assets across four classes, including:
Indices – 10 market indexes including FTSE100 Commodities – 5+ commodities such as gold, silver and crude oil Stocks – 20+ company stocks including market leaders such as Apple and Amazon Forex Pairs – 25+ currency pairs including majors such as USD/GBP, as well as minors and exotics.
Note: Pocket Option does not offer any form of crypto trading.
Trading Platform.
The broker offers its own bespoke trading platform. The Pocket Option terminal is straightforward and comes with a range of competitive trading features, including signals robots, APIs, copy and social trading, price indicators and plenty more.
Key features include:
30 technical indicators, including Bollinger Bands and Moving Averages In-platform live chat for broker and trader support 9 drawing tools, including Fibonacci Retracement 14 time frames, from 5 seconds to 1 day Trading analysis and economic calendar 4 chart types with multiple layouts.
On the official website, there are PC download links (specifically for Windows applications including Windows 7), mobile apps (both Android and iOS), web applications and a telegram bot, which provides free signals. The level of accessibility that Pocket Option offers is on par vs leading trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Mobile Trading.
Pocket Option provides access to its broker platform via mobile apps available to download for free from Android (via Google Play) and iOS (via Apple App Store). The applications have been developed to cope with the innovative proprietary platform, allowing traders to monitor positions on the go. The platform on the mobile app replicates the web terminal which should give traders the same high-quality trading experience regardless of device.
Trading Accounts.
Live Accounts.
Pocket Option offers six live trading accounts. All accounts are suitable for swing trading and offer social trading, an unlimited number of trades, tournament access and several more benefits. The minimum balance and maximum trade amount will increase depending on profile level, as do the number of additional features:
Newbie – Minimum balance: less than $100, maximum trade amount: $100 Beginner – Minimum balance: $100, maximum trade amount: $100 Experienced – Minimum balance: $1,000, maximum trade amount: $1,000 Master – Minimum balance: $5,000, maximum trade amount: $2,000 Pro – Minimum balance: $15,000, maximum trade amount: $3,000 Guru – Minimum balance: $50,000, maximum trade amount: $5,000.
Demo Account.
When we compare Pocket Option’s demo vs other brokers such as IQ Option and Olymp Trade, the offering is competitive. The broker offers a free platform demo with $10,000 pre-included. Here, traders can test their skills and determine the best trading strategy before putting any real funds down.
Although the demo solution is ideal for practising a 5 second, 15 second, 1 minute or 2 minute trading strategy, we would associate these more with quick trading styles such as scalping or day trading. Thankfully, there are plenty of other time intervals to choose from, making the simulator account a good choice for all trading styles.
Fees.
Pocket Option offers a low fee trading experience that is similar vs some direct competitors such as Quotex and Nadex. Rather than charging high commissions or imposing deposit and withdrawal fees, the broker caps the payout of each instrument available to the trader. This means that the trader retains a proportion of the value of the trade and the remainder goes to the broker.
Pocket Option is known for having high payouts ranging mostly from 45% to 80%. The level of return varies depending on the asset being traded, so ensure you are familiar with payout percentages before investing.
Pocket Option Payments.
One of the advantages of trading with Pocket Option is the range of payment methods available to deposit and withdraw. There are no deposit or withdrawal fees, however, payments are required in USD and therefore currency conversion fees may apply.
Popular methods include:
Debit/Credit Card (including Visa and Mastercard) E-payments (including Perfect Money and Webmoney) Cryptocurrencies (including Bitcoin, Ethereum and Ripple)
Deposits.
Pocket Option set minimum deposit limits depending on your profile level. Once a trader has selected what profile level they want, the depositing method is straightforward. Processing times will vary depending on payment method but transferss can take anywhere between 3 to 45 working days.
For those who need help, there is a comprehensive guide on how to deposit in the broker’s FAQ section.
Note: It is common for brokers like Pocket Option to offer a no deposit bonus when signing up, so make sure to check this at registration.
Withdrawals.
Withdrawals are relatively low cost with a minimum withdrawal limit of $10. Processing times start from 3 business days. If the broker is facing withdrawal issues, they typically notify the customer that the processing time is likely to increase.
Pocket Option withdrawals do not require proof of identity and the broker also offers a detailed ‘how to withdraw’ tutorial in the FAQ section.
Regulation.
Pocket Option’s owner – Gembell Limited, is a registered company in the Marshall Islands that is regulated by International Financial Markets Relations Regulation Centre (IFMRRC). Traders may question if Pocket Option is legitimate and safe since it isn’t governed by a reputable financial body, such as the FCA. With that said, binary options are still a largely unregulated area, especially outside of the USA. Nonetheless, the broker does implement an Anti-Money-Laundering (AML) and Know Your Customer (KYC) Policy.
Pocket Option Security.
As outlined above, Pocket Option implements an AML and KYC policy to protect themselves and customers from scams. To prevent hacks or compromised accounts, the broker also uses secure servers to store client data. The broker reserves the right to request ID verification upon customer registration, or at any time.
Educational Content & Analysis.
Pocket Option offers a comprehensive FAQ section on their website which acts as a tutorial and education centre. Articles found online provide investors with detailed trading guides (including strategy), instructions on how to use a variety of broker features, as well as offering support for technical issues.
Pocket Option also promotes several news sections where customers can view hot topics as well as the latest published articles. There is also a good volume of YouTube videos and guides, which are useful for both beginners and seasoned traders.
Another key service is the brand’s social trading tool. This lets newbies mirror the positions of proven traders while retaining control over position sizes and risk management parameters. The platform is a great way to learn about the financial markets and pick up tips from seasoned investors.
Promotions.
Pocket Option offers bonus schemes and promo codes throughout the year. For example, the broker advertised a promo code in June 2021 where traders could claim a 50% bonus if they deposit $100 or more. The broker also promotes a 50% deposit bonus when customers sign up for a live account with more than $50.
In the past, Pocket Option has also offered referral bonuses, provided gifts to customers and used ‘gems’ to encourage investors to enhance their trading experience. Traders can earn gems by unlocking achievements that can be used to access additional platform features and capabilities, such as copy trading high net worth investors. Gem mining is also available. Before signing up, be sure to look out for a new promo code and ensure bonus rules are well understood.
Advantages.
There are several advantages of swing trading with Pocket Option:
Accessible – The platform is downloadable for free to most devices (including mobile phones) as well as an online web version. Regular promotions – Pocket Option offers plenty of opportunities to their customers to win bonuses or alternative ways to earn outside of the financial markets. Comprehensive support FAQs – The broker provides a library of customer support resources where traders can read through in-depth articles to resolve any issues. Straightforward fee structure – Some brokers can be purposely ambiguous regarding fees, however, Pocket Option appears to be transparent with their charges and the payout percentage available on each asset.
Disadvantages.
The main drawbacks to trading with Pocket Options include:
Low selection of instruments – Compared to other brokers, Pocket Option’s product selection is limited. Lack of robust regulation – The broker is not registered with an industry-recognised financial regulator, such as the FCA. Binary options only – Traders looking for a variety of ways to invest in the financial markets may want to opt for an alternative broker. Limited trading platforms – Although Pocket Option does have its own innovative and easy-to-use platform, some traders may be deterred from investing if there’s no access to other platforms, such as MetaTrader 4. Accepted countries – The broker does not accept clients from several major countries, including the UK and USA.
Trading Hours.
Pocket Option’s trading hours vary depending on the asset being traded and the trader’s time zone and location. To maximise your trading experience, be sure to familiarise yourself with the regional market hours. Most forex pairs are available from 21:00 UTC Sunday to 21:00 UTC Friday, for example.
Details of the Pocket Option market and OTC instrument schedule can be found on the company’s website.
Customer Service.
If a trader’s deposit has failed, the platform is not working or they are experiencing any other issues, Pocket Option offers customers help via a few support options. These include:
Email – [email protected] Phone Number – 1 (800) 982-1251.
The firm also offers a live chat to help clients with queries. Here, investors can use a comprehensive FAQ section to resolve glitches or create a support request.
Pocket Option Verdict.
In the binary options space, Pocket Option is a strong contender, offering a range of assets and an intuitive platform. The broker also provides alternative ways to generate potential returns, as well as a comprehensive support portal and training materials. However, those wishing to diversify their portfolios with a wider range of trading vehicles, or looking for more robust regulatory oversight, may want to look elsewhere.
FAQ.
What Can I Trade At Pocket Option?
Pocket Option clients have access to over 100 instruments across four asset classes: commodities, forex, indices and stocks. These can be traded via binary or over-the-counter (OTC) options, which are private contracts between the buyer and the seller.
Is Pocket Option Open 24/7?
Pocket Option’s trading hours are in line with the assets made available to trade. These vary depending on whether you wish to trade commodities, stocks, indices or forex pairs. A full schedule of the asset trading hours can be found on the broker’s website.
Is Pocket Option Real Or Fake?
Pocket Option is a legitimate company registered in the Marshall Islands and overseen by the International Financial Markets Relations Regulation Centre (IFMRRC). It may be worth checking real trader experiences and advice on community websites for scam warnings.
Is Pocket Option Legal In India?
The broker is legal in India but not in other countries such as the USA and UK. With that said, binary options are banned in India and therefore investors may have limited trading opportunities.
How Long Do Withdrawals Take With Pocket Option?
Withdrawals are typically processed within 1-3 business days. Occasionally, Pocket Option will need longer to process the withdrawal (up to 14 business days). If this occurs, the broker will contact the customer.
Terms & Conditions Privacy Policy.
Disclaimer : The contents of this site is only for informational purposes. Do not see it as financial advice. Swingtrading.com is free to use and we may receive compensation from partners we link to.
Pocket Option is a global binary options broker with sleek proprietary trading platform and competitive range of assets.
Quick Menu.
What Is Pocket Option? Company Details History Mobile Trading Live Accounts Demo Account Deposits Withdrawals.
Instruments:
Crypto, Stocks, Binary.
Demo Accounts:
MetaTrader 4:
MetaTrader 5:
STP Account:
ECN Account:
DMA Account:
Margin Trading:
Social Trading:
Copy Trading:
Islamic Account:
Min. Deposit $50 Min. Trade $1 Regulated By IFMRRC Mobile Apps iOS & Android Currencies USD.
Cryptos.
Pocket Option supports five cryptocurrency options assets spanning major tokens and cross pairs.
Coins BTC, ETH, EOS, LTC Spread N/A.
Pocket Option is a binary and OTC options broker providing forex, stocks, commodities and indices assets. The firm offers a proprietary comprehensive trading platform that users can access via a free demo account. There is also a range of feature-rich live accounts which can complement strategies for beginners, as well as expert traders. Our 2023 Pocket Option review explores the login process, fees, bonuses, payment methods and more.
What Is Pocket Option?
Company Details.
With four asset classes available, clients can access a range of binary and over-the-counter (OTC) options. The broker aims to provide an accessible and convenient service on an innovative platform, ideal for swing traders. Flexible features are also available, such as signals, bots and copy trading 212 trading, with potential payouts ranging from 45% to 80%.
History.
Pocket Option’s official website and company is owned and managed by Gembell Limited, with its office registered in the Marshall Islands. Although only founded in 2017, the broker gained over 100,000 active users in 95 countries by the end of the year. Since then, it has grown significantly, reaching the 1 million user mark in 2018 and over 10 million registered clients by 2019.
Markets.
The broker offers binary or over-the-counter options (OTC), meaning contracts can be traded off-exchange via private transactions between two counter-parties (the buyer and the seller). Pocket Option offers 100+ assets across four classes, including:
Indices – 10 market indexes including FTSE100 Commodities – 5+ commodities such as gold, silver and crude oil Stocks – 20+ company stocks including market leaders such as Apple and Amazon Forex Pairs – 25+ currency pairs including majors such as USD/GBP, as well as minors and exotics.
Note: Pocket Option does not offer any form of crypto trading.
Trading Platform.
The broker offers its own bespoke trading platform. The Pocket Option terminal is straightforward and comes with a range of competitive trading features, including signals robots, APIs, copy and social trading, price indicators and plenty more.
Key features include:
30 technical indicators, including Bollinger Bands and Moving Averages In-platform live chat for broker and trader support 9 drawing tools, including Fibonacci Retracement 14 time frames, from 5 seconds to 1 day Trading analysis and economic calendar 4 chart types with multiple layouts.
On the official website, there are PC download links (specifically for Windows applications including Windows 7), mobile apps (both Android and iOS), web applications and a telegram bot, which provides free signals. The level of accessibility that Pocket Option offers is on par vs leading trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Mobile Trading.
Pocket Option provides access to its broker platform via mobile apps available to download for free from Android (via Google Play) and iOS (via Apple App Store). The applications have been developed to cope with the innovative proprietary platform, allowing traders to monitor positions on the go. The platform on the mobile app replicates the web terminal which should give traders the same high-quality trading experience regardless of device.
Trading Accounts.
Live Accounts.
Pocket Option offers six live trading accounts. All accounts are suitable for swing trading and offer social trading, an unlimited number of trades, tournament access and several more benefits. The minimum balance and maximum trade amount will increase depending on profile level, as do the number of additional features:
Newbie – Minimum balance: less than $100, maximum trade amount: $100 Beginner – Minimum balance: $100, maximum trade amount: $100 Experienced – Minimum balance: $1,000, maximum trade amount: $1,000 Master – Minimum balance: $5,000, maximum trade amount: $2,000 Pro – Minimum balance: $15,000, maximum trade amount: $3,000 Guru – Minimum balance: $50,000, maximum trade amount: $5,000.
Demo Account.
When we compare Pocket Option’s demo vs other brokers such as IQ Option and Olymp Trade, the offering is competitive. The broker offers a free platform demo with $10,000 pre-included. Here, traders can test their skills and determine the best trading strategy before putting any real funds down.
Although the demo solution is ideal for practising a 5 second, 15 second, 1 minute or 2 minute trading strategy, we would associate these more with quick trading styles such as scalping or day trading. Thankfully, there are plenty of other time intervals to choose from, making the simulator account a good choice for all trading styles.
Fees.
Pocket Option offers a low fee trading experience that is similar vs some direct competitors such as Quotex and Nadex. Rather than charging high commissions or imposing deposit and withdrawal fees, the broker caps the payout of each instrument available to the trader. This means that the trader retains a proportion of the value of the trade and the remainder goes to the broker.
Pocket Option is known for having high payouts ranging mostly from 45% to 80%. The level of return varies depending on the asset being traded, so ensure you are familiar with payout percentages before investing.
Pocket Option Payments.
One of the advantages of trading with Pocket Option is the range of payment methods available to deposit and withdraw. There are no deposit or withdrawal fees, however, payments are required in USD and therefore currency conversion fees may apply.
Popular methods include:
Debit/Credit Card (including Visa and Mastercard) E-payments (including Perfect Money and Webmoney) Cryptocurrencies (including Bitcoin, Ethereum and Ripple)
Deposits.
Pocket Option set minimum deposit limits depending on your profile level. Once a trader has selected what profile level they want, the depositing method is straightforward. Processing times will vary depending on payment method but transferss can take anywhere between 3 to 45 working days.
For those who need help, there is a comprehensive guide on how to deposit in the broker’s FAQ section.
Note: It is common for brokers like Pocket Option to offer a no deposit bonus when signing up, so make sure to check this at registration.
Withdrawals.
Withdrawals are relatively low cost with a minimum withdrawal limit of $10. Processing times start from 3 business days. If the broker is facing withdrawal issues, they typically notify the customer that the processing time is likely to increase.
Pocket Option withdrawals do not require proof of identity and the broker also offers a detailed ‘how to withdraw’ tutorial in the FAQ section.
Regulation.
Pocket Option’s owner – Gembell Limited, is a registered company in the Marshall Islands that is regulated by International Financial Markets Relations Regulation Centre (IFMRRC). Traders may question if Pocket Option is legitimate and safe since it isn’t governed by a reputable financial body, such as the FCA. With that said, binary options are still a largely unregulated area, especially outside of the USA. Nonetheless, the broker does implement an Anti-Money-Laundering (AML) and Know Your Customer (KYC) Policy.
Pocket Option Security.
As outlined above, Pocket Option implements an AML and KYC policy to protect themselves and customers from scams. To prevent hacks or compromised accounts, the broker also uses secure servers to store client data. The broker reserves the right to request ID verification upon customer registration, or at any time.
Educational Content & Analysis.
Pocket Option offers a comprehensive FAQ section on their website which acts as a tutorial and education centre. Articles found online provide investors with detailed trading guides (including strategy), instructions on how to use a variety of broker features, as well as offering support for technical issues.
Pocket Option also promotes several news sections where customers can view hot topics as well as the latest published articles. There is also a good volume of YouTube videos and guides, which are useful for both beginners and seasoned traders.
Another key service is the brand’s social trading tool. This lets newbies mirror the positions of proven traders while retaining control over position sizes and risk management parameters. The platform is a great way to learn about the financial markets and pick up tips from seasoned investors.
Promotions.
Pocket Option offers bonus schemes and promo codes throughout the year. For example, the broker advertised a promo code in June 2021 where traders could claim a 50% bonus if they deposit $100 or more. The broker also promotes a 50% deposit bonus when customers sign up for a live account with more than $50.
In the past, Pocket Option has also offered referral bonuses, provided gifts to customers and used ‘gems’ to encourage investors to enhance their trading experience. Traders can earn gems by unlocking achievements that can be used to access additional platform features and capabilities, such as copy trading high net worth investors. Gem mining is also available. Before signing up, be sure to look out for a new promo code and ensure bonus rules are well understood.
Advantages.
There are several advantages of swing trading with Pocket Option:
Accessible – The platform is downloadable for free to most devices (including mobile phones) as well as an online web version. Regular promotions – Pocket Option offers plenty of opportunities to their customers to win bonuses or alternative ways to earn outside of the financial markets. Comprehensive support FAQs – The broker provides a library of customer support resources where traders can read through in-depth articles to resolve any issues. Straightforward fee structure – Some brokers can be purposely ambiguous regarding fees, however, Pocket Option appears to be transparent with their charges and the payout percentage available on each asset.
Disadvantages.
The main drawbacks to trading with Pocket Options include:
Low selection of instruments – Compared to other brokers, Pocket Option’s product selection is limited. Lack of robust regulation – The broker is not registered with an industry-recognised financial regulator, such as the FCA. Binary options only – Traders looking for a variety of ways to invest in the financial markets may want to opt for an alternative broker. Limited trading platforms – Although Pocket Option does have its own innovative and easy-to-use platform, some traders may be deterred from investing if there’s no access to other platforms, such as MetaTrader 4. Accepted countries – The broker does not accept clients from several major countries, including the UK and USA.
Trading Hours.
Pocket Option’s trading hours vary depending on the asset being traded and the trader’s time zone and location. To maximise your trading experience, be sure to familiarise yourself with the regional market hours. Most forex pairs are available from 21:00 UTC Sunday to 21:00 UTC Friday, for example.
Details of the Pocket Option market and OTC instrument schedule can be found on the company’s website.
Customer Service.
If a trader’s deposit has failed, the platform is not working or they are experiencing any other issues, Pocket Option offers customers help via a few support options. These include:
Email – [email protected] Phone Number – 1 (800) 982-1251.
The firm also offers a live chat to help clients with queries. Here, investors can use a comprehensive FAQ section to resolve glitches or create a support request.
Pocket Option Verdict.
In the binary options space, Pocket Option is a strong contender, offering a range of assets and an intuitive platform. The broker also provides alternative ways to generate potential returns, as well as a comprehensive support portal and training materials. However, those wishing to diversify their portfolios with a wider range of trading vehicles, or looking for more robust regulatory oversight, may want to look elsewhere.
FAQ.
What Can I Trade At Pocket Option?
Pocket Option clients have access to over 100 instruments across four asset classes: commodities, forex, indices and stocks. These can be traded via binary or over-the-counter (OTC) options, which are private contracts between the buyer and the seller.
Is Pocket Option Open 24/7?
Pocket Option’s trading hours are in line with the assets made available to trade. These vary depending on whether you wish to trade commodities, stocks, indices or forex pairs. A full schedule of the asset trading hours can be found on the broker’s website.
Is Pocket Option Real Or Fake?
Pocket Option is a legitimate company registered in the Marshall Islands and overseen by the International Financial Markets Relations Regulation Centre (IFMRRC). It may be worth checking real trader experiences and advice on community websites for scam warnings.
Is Pocket Option Legal In India?
The broker is legal in India but not in other countries such as the USA and UK. With that said, binary options are banned in India and therefore investors may have limited trading opportunities.
How Long Do Withdrawals Take With Pocket Option?
Withdrawals are typically processed within 1-3 business days. Occasionally, Pocket Option will need longer to process the withdrawal (up to 14 business days). If this occurs, the broker will contact the customer.
Terms & Conditions Privacy Policy.
Disclaimer : The contents of this site is only for informational purposes. Do not see it as financial advice. Swingtrading.com is free to use and we may receive compensation from partners we link to.
