This article is a detailed review of Pocket Options
Pocket Options is a bespoke platform for binary options traders.
The company has been in the industry since 2017 and is regulated by the International Financial Market Relations Regulation Center (IFMRRC).
It is one of the top 7 binary options brokers you can find online today.
In this post, I gave every detail about Pocket Option, leaving no tables unturned.
You’d know if this is the right broker for you after reading this.
Let’s get started!
Post Summary
Here is a list of what I’ll cover, just to make sure everything is easy for you to understand and navigate swiftly through the post.
Click on any one of them to jump straight to the point.
- Pocket Option Overview
- Traded Assets
- Trading Accounts
- Deposit And Withdrawal Methods
- Bonus And Promotions
- Customer Support And User Interface
- Language Support
- Frequently Asked Questions
- Conclusion- My Verdict
Pocket Option In a Nutshell
Pocket Options is owned and managed by Gembell Limited, which was established in 2017.
This company is based in the Marshall Islands and is formally regulated by the IFMRRC.
Owning an account on Pocket Option is quite easy, and the user interface is one of the simplest.
Its trading platform is available in web, desktop, android and iOS Versions, you will have no problems understanding this platform as a beginner.
One of the reasons why this broker has grown so popular is because it accepts traders from every nook and cranny, including the USA and Canada.
Its limitation is that it only offers binary options trading.
Read on; the features of this broker will excite you more.
Features
- Demo Account
- Up to 218% maximum payout
- Mobile Trading
- Social Trading
- Tournaments
- 50% bonus on the first deposit.
Traded Assets
Pocket Options only allow users to predict the high or low of currency pairs, commodities, stocks and cryptocurrencies.
However, are currently 63 assets available for binary options trading on the platform. These are;
- 30 Currency pairs: EUR/USD, USD/AUD, USD/JPY, GBP/EUR,
- 6 Cryptocurrencies: Bitcoin, Ethereum, Ripple, Zcash,
- 4 Commodities: Gold OTC, Silver OTC, UK Brent
- 23 Stocks: Apple OTC, Macdonald’s OTC, Google OTC
Trading Accounts
Demo Account
You don’t have to register or provide any details of yourself before you are granted access to the Pocket Options demo account. The account is preloaded with a replenishable $10,000 in virtual cash.
This is ideal for new traders to practice their trading skills before investing in a real account with real money. Old and experienced traders are also advised to practice using the demo account just to know how the pocket option platform works.
Live Account
For now, Pocket Options provides only one other account, apart from the demo account. Traders used to trading on a VIP account may not find this appealing.
Visit my Olymp Trade review to know what a VIP account is about.
Registering on the live account is quite easy. All you have to do is provide your email address, create a password, and boom! You are in. All you have to do now is make a deposit and start trading right away.
However, you must verify your account with some personal information to ensure a haven on your trading quest.
Deposit And Withdrawal Methods
Pocket Option provides multiple options as payment method. The minimum deposit amount is $50 (Approximately ₦20,000 when writing this post). This is high when compared to other popular platforms like Expert Options, Deriv.com (formerly Binary.com), and Spectre.ai
The image below displays the various payment methods accepted at Pocket Options.
You will have no problems using any of the methods shown above.
The minimum withdrawal limit is $10. This is ideal for those who don’t want to leave their profit hanging for too long on the platform.
Bonus And Promo
Creating a live account with Pocket Options guarantees a whopping 50% bonus on your first deposit. Bonus can be withdrawn only when the trader has completed several trades.
Customer Support And User Interface
The customer support provided at Pocket Option is one of the best I have seen. The support team is available 24/7, so you can contact them even on weekends.
They can also be contacted via social media platforms like Instagram, Facebook and X.
On the other hand, the user interface of this platform is very swift and has every item well placed. Such that, even a newbie will find it easy to understand the platform and trade way better.
Apart from the web version, the Pocket Option platform is available in apps for desktop, Android, and iOS devices, which means it’s also mobile-friendly.
Supported Languages
Pocket Option currently supports 22 languages, making it one of the highest-ranked brokers.
see the image below for the full list of languages supported;
Frequently Asked Questions
This feature allows you to follow and study the trading habits of other investors. Learning from the most experienced traders will improve your trading skills and increase your winning chances.
This broker displays every attribute of a safe broker. This is based on the following reasons;
It is regulated.
The owner is known.
It’s been in business since 2017.
Pocket Options has thousands of users from all over the globe.
I found several reviews from its customers online, most were positive comments.
Conclusion – My Verdict
Now you have it; in my humble opinion, Pocket Option has proven to be a trustworthy broker, with some successful trades being processed daily on the site.
However, one must know the adverse risks of options trading. Pocket Option provides enough educational materials, including videos, to help you trade wisely.
I hope this article was helpful to you.
Do you think anything is missing in this post?
Leave your questions or comments in the comments section.
Lastly, if you enjoyed reading this article, kindly share it on your favourite social media by clicking the icons below.
Thanks.
Risk Warning
Trading options or fixed time trades carries a high level of risk since it can work to your advantage and disadvantage. As a result, options trading may not be suitable for all investors because losing all your invested capital is possible. You should never invest money that you cannot afford to lose. Before trading, please ensure that you understand the risks involved.
Statistically, 90% of options traders lose their capital
But so many people are complaining of withdrawal issues
Hello John,
The Support Team at Pocket Option is in a better position to help with this.
You can reach out to the Team here.
Pocket option is 100% legit.
This is the best broker ever i have trade on it there is no manipulation on the market you must try with this.i recommend to all
Pocket option is a good broker, convenient and modern platform, many assets for trading, fast deposit and withdrawal of funds. There is also a mobile application that makes it possible to trade anywhere.
SCAM BROKER.STAY AWY
Why is it that the experience you got from demo practice when applied to real account will go against your trade, even when you have mastered that strategy on a demo?