Pocket Option Review
Table of Contents
Pocket Option is a binary options broker offering 100+ assets, cryptocurrencies, stocks, currency pairings, etc. Pocket Option surfaced in 2017 and has left a great mark in the industry. Users on the Pocket Option platform can access their services across 95 countries, including
- United States
- The United Kingdom, etc.
Features of Pocket Option
Pocket Option is a popular platform and offers numerous benefits, services, trade types, multi-national coverage, and more. It can be challenging to understand all these features, but the following is a comprehensive table that explains Pocket Option’s various features.
|Deposit Methods||Crypto, eWallet, Wire Transfer, Credit Cards, Debit Cards|
Republic of the Marshall Islands MH
|Trade Types||High/low, Turbo|
|Trading Platform||Web, Windows, iOS, Android|
Pocket Option Pros and Cons
Understanding the pros and cons of Pocket Option platform can help users better understand what makes it a better option over other platforms available.
Pros of Pocket Option
- US traders accepted
- Availability of tournaments, achievements, and social trading
- Fully regulated and trustworthy
- sign-up and commitment-free with demo options
- Minimum trades of $1
- Fast bank processing for deposit and withdrawal
- 50% deposit bonus for the first deposit
- 100+ assets to trade
Cons of Pocket Option
- Easy-to-use trading platform
- The only trade type is high/low
Pocket Option Comparison with Other Platforms
Pocket Option is one of many broker platforms for users, as various services may provide a Pocket Option-like experience.
However, none of these platforms are nearly as accessible, user-friendly, and useful for trading, financial dealings, and other tasks. We have assessed these other platforms and compared them to Pocket Option app for your reference.
|Pocket Option||IQ Option||IQCent||Nadex|
|USA Clients Allowed||Yes||No||Yes|
|Web, Windows, |
|Web, Windows, |
As you can see, Pocket Option and Nadex are the only platforms that cater to US clients for their services. However, Pocket Option is the only platform with a max payout of 128%, which is much higher compared to others.
We agree that the minimum deposit amount is $50, but that’s because the platform wants serious users. Pocket Option also has its regulation from IFMRRC, which makes it highly reliable.
Pocket Option’s Trading Instruments Compared to Competitors
Offerings or trading options available at a broker platform play a vital role in determining users’ overall experience. It creates the full scope of the broker platform.
Therefore, Pocket Option has some of the best trading instruments for its clients. Here’s a comprehensive comparison of Pocket Option’s trading instruments with other competitors:
|Pocket Option||IQ Option||QUOTES||Binary.com||Expert Option||Binomo|
Pocket Option provides some of the most suited options for its users, making it the best option for diversified trading. Users can register on the platform and get comprehensive services.
Safety and Regulation
A broker platform’s safety is crucial because users have to add their banking and personal details. Pocket Option realizes the importance of secure payments and is regulated by the International Financial Market Relations Regulation Center (IFMRRC). The platform operates with a license number of TSRF 0395 AA Vv0141.
Moreover, there’s a Know-Your-Customer policy and an Anti-Money Laundering Policy that Pocket Option needs to follow. These features make Pocket Option Platform one of the most secure options for online transactions, trading, and digital dealing.
Pocket Option: Expert Review
Our experts like the Pocket Option platform because of its features and offerings. Accessibility and ease of use are one of the most popular elements of Pocket Option platform that most other competitors do not offer. The platform is web-based, so you don’t need to download anything.
It also makes Pocket Option platform the best for user experience, thanks to the on-site user experience. The platform also has MetaTrader 5, allowing the platform to serve as a great technical and trading analysis tool.
Easy Charting and Indicator Options
Analysis and data comprehension are essential parts of the trading platform available for users worldwide. These users can only do so if they fully utilize the analytical tools. Therefore, Pocket Option has some of the most user-friendly chart options.
Following are some of the most common chart types you can view data with on Pocket Option platform
- Heiken Ashi.
Moreover, the platform has some of the best indicators for users to understand data. Pocket Option has smartly incorporated all these indicators without cluttering the website. Here’s a breakdown of some of the best Pocket Option indicators:
- Moving Average
- Bollinger Bands
- Average True Range
- Accelerator Oscillator
Anyone connected with the trading industry knows what these indicators are capable of. Traders can use these indicators to determine the best course of action and take action for it accordingly.
Social Trading Option
Pocket Option has a dedicated social trading option that lets users copy traders on the platform. You can view these traders’ profiles and performances and find the most suitable solution.
Communicating with other traders in the market can help you better decide, make more effective decisions, etc. For instance, you can contact the other traders via messages and get information about the following:
- Trader experience and exposure in the industry.
- Total number of deals a user has completed
- Number of people that copy a particular trader (showing their reliability)
- The maximum trade amount they have dealt with shows the users’ total risk potential.
- Max. Trade amount available maximum profit
- Total percentage of profitable deals, and more.
The social trading platform can provide traders with useful insight, timely input, and other details necessary to help them make the right decisions.
Signals are one of the most useful features offered by Pocket Option platform. It allows users to copy signals with their designated expiry dates to the platform. It’s the easiest way to copy and collect information on Pocket Option platform.
There’s a Telegram Signal Bot that users can utilize for this task as well. It lets users create quality signals on the platform and find the most suitable options for their goals. The platform takes signals and automatically places the signals as required.
After assigning them, you can also utilize hotkeys for a quick and intuitive signal experience. Pocket Option understands how robust the trading industry is. This way, you can get a more streamlined experience without doing much.
For example, some of the most functional hotkeys available for users on Pocket Option platform include:
- Shift Q- Decrease Time Frame
- Shift W- Higher Trade
- Shift S- Lower Trade
- Shift T- Strike Price Increase
- Shift TAB- Next favorite asset
- Shift D- Increase Trade amount, etc.
These features make Pocket Options platform one of the best options for people. A designated deactivate hotkeys option gives users a more streamlined and controlled option.
You can also add traders to the watch list and keep tabs on their activity. The watch list lets users select their favorite trader’s accounts and track their activities.
Mobile Trading Application
Pocket Option is a web-based application, but it knows many users that need catering. Therefore, Pocket Option is a dedicated mobile application that lets users operate the application and its leading features problem free.
PC and mobile trading are available, designed to cater to a larger audience base. The mobile application is fully available for Apple and Android users.
It allows users to stay updated with the latest market trends and developments. Pocket Options has some of the most advanced features for users. For instance, it has a MetaTrader 4 (MT4) and MetaTrader 5 (MT5) designed for users. Android and iOS users can use MT4 and MT5 for their trading tasks.
The mobile app is fully integrated, versatile, and as user-friendly as the web-based application. Users can install the application on their iPods, iPads, or other devices with a minimum of iOS 11.0.
Any apple device with an iOS higher than that can also install Pocket Option application for their phones. However, Android users need a 4.4 version or higher to install and run Pocket Option.
The mobile application grants users free access to their trading accounts from anywhere, at any time.
Fee and Commission Structures
One of the most attractive elements of Pocket Option application is that they have no hidden charges and commissions. The fee structure is pretty upfront, making it the best option for traders.
Moreover, Pocket Option has a free deposit option, unlike most other trading platforms. The same is the case for withdrawing cash from the trading application.
Only Perfect Money charges a specific amount to users for withdrawing. Even that is 0.5%, which shouldn’t be a big problem for users. Additionally, the bank that makes the transaction may also charge a small fee for their service.
Users get free transactions if they use credit card payments or electronic transfers, which is a major benefit. The account holders can create swap-free accounts for their clients without making any account changes.
What are the different Account Types offered by Pocket Option?
The account options for users determine the full exposure and services clients can get through a trading platform.
The more accounts a trading service handles, the larger its user base. Pocket Option has some of the most versatile account options available for users. Here’s a categorical breakdown of the account types available for users:
|Professional||$15,000 balance and |
amount of $3,000
|increased profitability by 6%, Priority withdrawal||0.5% on Perfect Money|
|Less than $100 balance |
and maximum transactions
amount of $1,000
|N/A||0.5% on Perfect Money||No|
|MT5 Forex||available for the “Experienced,” “Master,” “Professional,” and “Expert” accounts||N/A||0.5% on Perfect Money|
From 1.1 pips
|$5,000 balance and |
amount of $2,000
profitability by 4%, Priority withdrawal
|0.5% on Perfect Money||No|
|Expert||$50,000 balance |
|profitability increase by 8%, Priority withdrawal, |
Personal discounts in the market
|0.5% on Perfect Money )|
|$1,000 balance||increased |
|0.5% on Perfect Money||No|
|Beginner||$100 balance||N/A||0.5% on Perfect Money|
Pocket Option platform provides users with the most versatile options. Therefore, they have a demo or free account option available for clients. You can try out the platform without registering with an account, and experience the features of Pocket Option platform first-hand. It is one of the best options for traders who want to experience Pocket Option and learn more about them.
You can also earn $10,000 in virtual cash. Just visit the website and click on the demo mode to get the platform experience platform yourself.
Practicing the free mode will provide users with sufficient experience to determine whether Pocket Option is worth investing in.
The variety of assets to deal with greatly impacts the users’ overall experience. It determines the overall potential of investments and trading users can enjoy. Here are some of the most popular asset options available for you to invest in at Pocket Option application:
You can view the asset trading details in real-time and make financial decisions accordingly. It’s a user-friendly and accessible option. It also shows the payout percentage for each asset.
Deposit and Withdrawal Methods
The deposit and withdrawal methods available for users on Pocket Option platform determine the ease of use. Most users prefer the digital platform because of its easy accessibility and quick payment methods. The deposit and withdrawal methods available on the platform are convenient. Following are your options:
- Debit Card
- Bitcoin Cash
Easy withdrawal allows account holders to manage their finances and investments and take immediate financial actions when required.
Understanding the Minimum Deposit Limit on Pocket Option Platform:
The minimum deposit amount is crucial because it determines the baseline amount users can start with. Trading can increase to thousands of dollars, but each investor’s starting point may vary.
Pocket Option has a minimum deposit amount of $50. Users’ minimal trade amount is $1, which makes the slightest trading possible. Moreover, the platform has a reliable deposit method to make the process easier. Following are the top methods for depositing you can use:
- Perfect Money
- Debit Cards
- Credit Card
Users who want more depositing freedom can also use different cryptocurrencies to make the transaction. Following are some of the best Pocket Option crypto deposit options to choose from:
- USD Coin
- Bitcoin Cash
Withdrawal Methods on Pocket Options
Withdrawing your credits from Pocket Options account is an important task. The minimum withdrawal amount from trading is $10. So, users can withdraw the smallest credit from their accounts whenever needed. The amount is lower than most binary platforms but only allows withdrawals in dollars.
Withdrawing wins from Pocket Options: How to do it?
Withdrawing from Pocket Option platform is pretty simple. Find the “Withdrawal” option and choose the withdrawal method of your choice. The minimum $10 withdrawal amount can be transferred to your account in 2 to 3 business days. Users should have zero problems withdrawing their in-app credits, regardless of their chosen method.
The best part about Pocket Option application is that the platform has no commission charge, unlike most finance services. Users should keep the conversion rates and fees in mind that the banks may charge them for the services provided.
Types of Trades Available
The trade types available on Pocket Option include simple high and low splits. The highs are the most straightforward trades on the platform. It allows users to set a limit and judge whether the asset price will increase or decrease. These traders are excellent for Binary and let users set their timers for 60 seconds. Users can adjust the time slot for up to four hours.
Moreover, the payouts from the platform are also pretty generous. Players can expect payouts between 60% and 80%, depending on each trade type.
Pocket Option is one of the users’ most useful and convenient trading options. It has a simple, easy-to-operate, and well-paying platform. Moreover, it offers diversified assets to invest in and well-developed mobile applications. Thus Pocket Options platform is one of the best Binary handles. We recommend trying out Pocket Option today and having an experience of your own.
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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 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 are here. Looking for more information on brokers and trading? Have a look at our trading guides