Pocket Option Review
Pocket Option first entered the binary options market in 2017 and created quite a name for itself.
Although some online binary options brokers have a poor image, Pocket Option is considered among the most trustworthy binary options trading platforms out there.
It’s simple to create an account, and it is suitable for both novice and expert traders. They provide trading services to thousands of people across the world, with more than 1000 trading instruments accessible to trade and a variety of payment methods for foreign investors.
The Pocket Option broker is part of Gembell Limited holding, which was founded by a group of professionals seasoned in trading and investment activities. The company is mass-market requirements-based, therefore, it provides quality services to binary options trading in the OTC market access. The broker strives to make the trading process as simple, clear, and convenient as possible. For this reason, Pocket Option has developed a unique trading platform to ensure stable trading for traders and investors.
What is PocketOption?
Pocket Option is a seamlessly integrated platform designed for beginners and seasoned traders to achieve their financial goals. The brokerage firm owner is Gem Bell Limited made an unremarkable entry into the world of binary options. They allow traders to make quick trades while earning higher payouts compared to any other binary options brokers.
They are one of the most well-reputed binary options brands in the industry due to regulation by IFMRRC, quick withdrawals, and modern platforms.
It was established in 2017. Since then, it made a splash in the trading market. The international financial market relations regulation center regulates this platform, assuring fast and safe withdrawals.
What do the Experts Say!
The Pocket Option broker is popular among traders who trade binary options due to its FMRRC certificate. The company’s clients are paid up to 92%, get access to many bonuses offers, and a profitable affiliate program. Thanks to unique rewards, traders can increase their profile level and purchase resources in Pocket Option’s own Market store to increase your profitability while trading.
The brokerage company Pocket Option.com has developed a unique system that enables traders to reduce the loss of a failed transaction. You can purchase crystals to cancel a losing transaction in the Forex market. There are special promotional codes on the website from the broker and also from its partners. Pocket Option offers a variety of options for depositing and withdrawing funds with zero or minimal fees.
The company’s website is quite informative and is translated into 22 languages. There is no market analysis, expert articles, or training materials, so a novice trader has to search elsewhere for the missing information.
Pocket Option Trading Platform
The website is very concise, intuitive, and user-friendly. Trades can use the desktop, mobile, or tablet to trade without any disturbance from PocketOption and without any additional software. Trading has become more convenient on mobile devices, keeping this in mind Pocket Option is also following the same trend. Also, it offers to live and demo account versions as well.
The company has propelled forward, allowing its clients to trade through mobile devices. The download method is straightforward. From the website, switch to google play and the app store, and download the android application. This Pocket Option mobile version can be viewed in portrait and landscape modes due to its excellent design. It also keeps all the versions and features that a desktop can access on its websites.
Social Trading on Pocket Option
Pocket Option’s social trading is a platform for tracking and copying trades of traders worldwide. An investor can select one or more signal providers from the top traders and add them to the watch list. You can choose a trader for copying by top transactions on the platform, by one asset, or by profitability among all transactions on the platform.
Copying transactions of other traders is available within 10 seconds from the moment of their execution. Order parameters, such as time frame and payout size, are copied exactly to the original order — in a 1:1 ratio.
The “Copy proportionally” parameter allows you to adjust the parameters of the copied transaction relative to the original one. For example, if you specify “40%” in the settings when copying a transaction of $100, the investor will open a transaction for $40.
The “Stop Balance” function allows you to set the funds level on the account when copying shall be stopped.
The investor can specify the minimum and maximum transaction amount to copy to diversify the possible risks.
All clients of the broker can copy transactions, regardless of their account type. Upon condition that trading is profitable, any trader can make it to the top rating and broadcast his own trading signals to interested investors.
Pocket Option Mobile App
While the main Pocket Option platform is web-based, they have both PC and mobile trading available. The mobile app is available for both iOS and Android, making it easy for you to keep updated with the market news. Pocket Options offers a MetaTrader 4 (MT4) and MetaTrader 5 (MT5) iOS and Android App.
All of the features of the web platform are available on the Pocket Option mobile app, and that’s because the trading platform is fairly simple and is very mobile-friendly.
The app is free, and the interface is fast to install and start-up. You can use the iOS app on an iPad or iPod touch if you have iOS 11.0 or later installed. If you are using Android, you’ll need version 4.4 or later.
Assets and Features
Pocket Option recently introduced the classic CFD/Forex Trading features to their clients. Now all the previous and current clients of Pocket Option can trade thru Forex and CFDs. They can use the MetaTrader 5 software as a web version inside the Forex, and CFDs Metafour and Five are the most popular and convenient trading software. At present, they are also providing the new traders access to free Metatrader 5 for trading purposes. This opportunity is only for those who will open a free demo account with PocketOption broker.
Pocket Option Binary Options
Binary options are the simplest way of trading options, as it does not need any additional software to access from the desktop. They do not use the binary options as they became banned in the trading platform. They were exposed as fraudulent by the regulators, and since then it is not been in use. Binary options are high-risk investment options.
There are 100 greatest assets to trade in PocketOption, which gives a foolproof profit-making opportunity. Contrary to other brokerage firms, it accommodates plenty of international investors in this trading platform.
Pocket Option platform gives an enormous collection of deposits and trading facilities with cryptocurrencies and Bitcoins. Trading on Pocket Option becomes simple as Bitcoins act as a global currency, and international clients prefer to use Bitcoins at Pocket Option. Even verification is not required in Bitcoins currencies.
At present, there is a steep increase in the prices of Bitcoins, and traders are more attracted to trading in Bitcoins to make more profits. Besides, it works 24/7 making trading possible throughout the day. Due to its global nature and frequent price movements, traders get handsome capital in trading through Bitcoins Currencies.
The binary options have created its reputation due to its high payouts, where 50% profit is the minimum, and 128% is the maximum in this platform. For high and low predictions, 60-100% return is fixed for any client of PocketOption. It is to be noted that the percentage varies on the size of the assets traded and other factors. The 100 greatest assets availability gives plenty of trading opportunities with a chance of 100% profit-making.
Bonuses and Promotions
With a minimum deposit of $50, they offer a 50% bonus at the starting point when you open a live account with this platform. However, the bonuses increase with the increase of the deposit that you make after opening the account.
It is to be aware to all the clients that you cannot withdraw the bonus before you start trading. After participating to an extent, Pocket Option allows the trader to withdraw the bonuses. This is a standard practice to protect the platform from hackers and all fraudsters. This bonus benefits all traders, so keep in mind to use it before it expires.
This bonus is in the amount of 50% of the first replenishment. It is available when depositing from $50 to a trading account. It is from 20% up to 50% from the replenishment amount The exact amount of remuneration depends on the amount of the replenishment. The minimum deposit to get this bonus is $50.
Promos allow you to get various bonuses, for example, for account replenishment.
Cashback is accrued if the total amount of losses is more than the profit for the previous month or from the activation date. The maximum cashback percentage is 10%.
Types of Account and Minimum Deposits
They offer up to 7 types of accounts depending on your minimum balance.
Once you decide to land on this platform, you need to know more about the broker and spend time thinking about which account is suitable for you. The research can help you decide to be cautious by attempting a demo session with these binary options. It is good to know that the company gives you two simple choices- practice through a demo account or straight away invest in the real trading market.
You can open a live account with a minimum deposit of $50, and you can begin trading with these binary options. After opening the account, you can experience 100 diverse trading instruments, for instance, stocks, indices, commodities, and currencies. For our privileged clients, the PocketOption offers a host of other accounts like cashback, Indicators, signals, social trading, etc.
Pocket Option Demo account
Not all brokers give this opportunity to access a demo account to understand and build a trading strategy. Without registering, you can access the account at PocketOption with virtual money within minutes. It has a much more intuitive approach. You can start trading with virtual funds of $10,000 with a straightforward click. This is an advantage for beginners before committing to real capital. Moreover, with such virtual funds, you can gain handsome capital with helpful experience.
Deposits and Withdrawal Methods
Once you land on their website, you will know the whole procedure of deposits and withdrawals. There are numerous options to deposit funds like credit cards, debit cards, e-wallets, and even cryptocurrencies, including Bitcoins and other recognized currencies. Also, different payment methods are accepted by them.
As we discussed earlier, the minimum deposit is $50, and the minimum withdrawal amount is $10. The Pocket Option interface does not take any commissions for withdrawals or deposits compared to other brokers. You can withdraw $10 to see what you withdraw goes to the bank account or the card for a valid transaction.
They provide 24/7 active services to the customer. Customers do not face any trouble with their support as all their contact information is provided on their websites. Customers can easily find their contact information with emails addresses and other beneficiary information on their contact page.
They also remain active on social media platforms like Facebook, Twitter, Instagram, etc. A contact form is provided for general queries if any customer does not get time to reach out to them. Open the page and start trading efficiently and confidently.
The Pocket Option interface creates an intuitive platform for its customers to gain more winnings with an initial deposit of $50. They offer a bonus point to give plenty of opportunities to make fast trades and to earn high-end payouts in return. Before committing to real funds, you can access a demo account that is easy and convenient. Easy to register, and the deposits and withdrawals methods are trustworthy and straightforward. Thus, for binary options trading, PocketOption is reliable and responsible for trading at present.
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.
The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.
What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers. Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.
There is a very high degree of risk involved in trading securities.
With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.
There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.
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