Pocket Option review 2023: pros & consVerified broker

Pocket Option review 2023: pros & cons title=
4/5
Open account
Gembell Limited manages the Pocket Option broker. It started its operations in 2017 and has its registration in the Marshall Islands.
Min. deposit
$50
Website address
Demo account
Yes
Currency
USD
Supported languages
EngRus
Active
Yes
Payment Methods
ADVcashBitcoin PaymentsCashuCredit CardDebit CardDoku WalletEthereum PaymentsFasaPayGlobePayJCB CardMaestroMastercardNetellerPayRedeemPerfect MoneyQIWISkrillSofortVisaWebMoneyWestern UnionWire TransferYandex Money
Bonus
50% Deposit Bonus
Instruments
binary optionsCommoditiesCurrenciesindicesStocks
Min. trade price
$1
Regulated By
IFMRRC
MetaTrader 4
No
MetaTrader 5
Yes
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
No
DMA Account
No
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
Mobile Apps
iOS & Android
Margin Trading
Yes
Volatility Index
No
Spot Trading
Yes
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
No
VPS Hosting
No
Tournaments
Yes
Demo Competitions
No
Managed Accounts
No
Market Maker
No
Auto Trading
Yes
Social Trading
Yes
Copy Trading
Yes
Trade Signals
Yes
Islamic Account
No
Inactivity Fee
$0
Guaranteed Stop Loss
No
Stock Exchanges
Australian Securities ExchangeCAC 40 Index FranceDAX GER 40 IndexDow JonesEuronextFTSE UK IndexIBEX 35Japan Exchange GroupNasdaqNew York Stock ExchangeS&P 500
Commodities
GoldNatural GasOilPalladiumPlatinumSilver
Forex Trading
Binary and OTC options can be purchased on over 30 foreign exchange pairs.
Forex GBPUSD Spread
N/A
Forex EURUSD Spread
N/A
Forex EURGBP Spread
N/A
Forex Assets
30+
Crypto Spread
N/A
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
BCH, BTC, DSH, ETH, LINK
Binary Options
Pocket Option offers short term binary options on a beginner-friendly platform with competitive payouts.
Payout Percent
1
Expiry Times
5 seconds - 4 hours
Ladder Options
No
Boundary Options
No
Show all >>

* The amount that will be credited to the account in the case of a successful deal

*General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 4,
according to 2679 reviews

4.5 Stars
Expert Trader
Expert Trader
stars
it
My experience is positive. About a month ago I deposited $50 and got a $25 bonus. I traded and reached $400 in balance completing the bonus as well. I requested a withdrawal of $250. They asked me for some personal data, residence checks, selfie check and, after a few days, the withdrawal was successful on my crypto wallet. To date I must say that the platform is serious. To confirm that I actually have an account, I'll indicate my ID: 5 6 8 2 5 9 8 6

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MEYSAM
MEYSAM
stars
be
Pocketoption is the best and most powerful binary options broker It has very good support and withdrawing money from this broker is very fast

View all

Customising OS
Customising OS
stars
in
From Amar rajkumar, owener of customizing os. One of the best broker I have ever seen, fastest withdrawal and more than 30+ indicators which will boost your trading skills, everyone should use.

View all

Alyssa “Aly J.” Juers
Alyssa “Aly J.” Juers
stars
us
I love this site. It was recommended to me by another trader and I dont have any complains at all. Best Wishes PO! UID 36303338

View all

Marvin M
Marvin M
stars
us
Pocket option is the best broker platform to trade options that i have ever used. Very easy to use and they make withdrawals quick and easy. Definitely refer to my friends all the time. Their support is the best and respond very fast. ID: 53162047 Marvin Mahoney.

View all

Zahid Ahmed
Zahid Ahmed
stars
pk
this is a good and trusted binary option site

View all

Content

Pocket Option, a broker owned by PO Trade Ltd, commenced operations in 2017. The company is regulated by the International Financial Market Relations Regulation Center (IFMRRC) and offers more than 100 assets to trade – and, what is eye-catching to traders is that it offers payouts up to 218%.

There are no deposit and withdrawal fees, no trading commissions, and a $1 minimum trade amount. The minimum deposit amount is $10. Is all this too good to be true? Let’s review the details of this broker so we can make an informed decision about whether or not to work with them.

Pocket Option Review: How they Stand Out

Pocket Option Review: How they Stand Out

Before we get into the details, here is a quick review of the pros and cons of Pocket Option.

Pocket Option Review

Pocket Option Perks:

  • 4.1 rating on Trustpilot – There are lots of happy Pocket Option customers.
  • Built in trade signals – The Pocket Option platform provides a steady stream of trade recommendations based on technical analysis. You can also copy other traders’ trades.
  • Deposit bonus – a 50% bonus on your first deposit.
  • No fees – Pocket Option doesn’t charge withdrawal or deposit fees, nor trading or account fees.
  • Lots of asset choices – Trade stocks, indices, currencies, commodities and cryptocurrencies.
  • Cashback on losing trades for certain accounts.
  • Social trading – copy trades, shares trades, and talk with other traders.
  • Wide array of deposit and withdrawal options.
  • Expiry times: between 5 second and 4 hours.

Pocket Option Disadvantages:

  • Minimal regulation – Pocket is regulated by the IFMRRC, a pay-for-membership organization with minimal legal authority.
  • Conflicting information – the website provides conflicting information on its website, including who owns the company, the minimum trade size, the minimum deposit size, and payout amounts.
  • Low payouts – While several assets pay 92%, many are way less. Some payouts are as low as 15%. At that level, it takes seven winning trades to make up for one losing trade.

More details on all these points are below, along with a lot more to know about this broker before you sign up.

Further reading

Pocket Option Regulation and Reputation Review

Pocket Option Regulation and Reputation Review

Pocket Option is a regulated broker and has a high reputation score on TrustPilot.

Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC). This is better than no regulation, but keep in mind that the IFMRRC is a pay-for-membership organization. Brokers apply and then must adhere to guidelines and rulings laid down by the IFMRRC.

On TrustPilot, the broker has a score of 4.1 based on more than 2000 reviews. Pocket Option is not available to residents of EEA countries, USA, Israel, UK, or Japan, the IFMRRC is like the Financial Commission, another self-regulated organization, who oversees brokers like Olymp Trade and Grand Capital.

The broker boasts an expansive user base. At any given time, there are usually more than 9,000 traders online. The company claims to have more than 10 million active traders, and they also claim the average profit per trader is more than $850 per month. Unfortunately, there is no way to verify this information.

verify this information

Further reading

WHERE IS POCKET OPTION BASED?

WHERE IS POCKET OPTION BASED?

Pocket Option doesn’t have trading fees in terms of commissions.

Pocket Option does not make money from commissions, rather it makes money on the difference between what people bet and the payouts they receive.

They also don’t charge fees on withdrawals or deposits (although each payment provider may have their own fees). If trading forex on MT5, there are no commissions, but spreads start at 1.1 pips.

Further reading

Product Offerings and Trading Conditions

Product Offerings and Trading Conditions

Pocket Options provides more than 100 assets to trade with payouts up to 92%.

While the site says it offers payouts up to 218%, this is only likely in very rare circumstances, if ever. Nowhere could I find a payout over 92% while trading. The highest payout typically offered in the trading platform is 92%. Payouts may change with changing market conditions.

changing market conditions

Some assets have payouts as low as 15% to 40%. Beware of these. At a 15% payout, it takes seven winning trades to make up for one loss. Even at 40%, you need to win more than twice as often as you lose just to break even.

seven winning trades

The minimum trade size is $1. On the website, it says that the minimum trade size is $5, although trades of $1 are accepted. Trading is offered on currencies, commodities, stocks, cryptocurrencies, and indices.

Forex pairs include:

EUR/USD, CAD/JPY, AUD/NZD, USD/RUB, AUD/USD, USD/CAD, NZD/JPY, CAD/CHF, EUR/CHF, CHF/JPY, and many more.

Tradable commodities are:

Gold, Brent Oil, WTI oil, Silver, Gold, Natural Gas, Platinum, Palladium

Tradable stocks:

Apple, Citigroup, Tesla, Intel, McDonald’s, American Express, Johnson & Johnson, Visa, FedEx, Cisco, Exxon, Alibaba, Amazon, Microsoft, Meta, Pfizer, Netflix

Pocket Option Cryptocurrencies:

Ethereum, Dash, Bitcoin, BCH/EUR, BCH/GBP, BCH/JPY, BTC/GBP, BTC/JPY, Chainlink

Pocket Option Indices

AUS 200, US 100, DJI30, SP500, E50EUR, D30EUR, JPN225, F40EUR, 100GBP, E35EUR

Further reading

Pocket Option Account Types Review

Pocket Option Account Types Review

As we move forward, there’s something I need to address. Yeah, it’s the demo account. It’s a must-have if you are a beginner. But does Pocket Option have it?

There are Stranger, Newbie, Beginner, Experienced, Master, Pro, and Guru trading accounts.

 difference between the accounts

The difference between the accounts is the minimum account balance. The more in the account, the more benefits. Key perks include:

  • Increased payouts starting at the Experienced level
  • MT5 forex trading
  • Quicker withdrawal times
  • Discounts in the marketplace (where you can purchase trading advantages)
  • Gems mining and lotteries (can be used to purchase trading advantages)
  • Tournaments with prizes

This makes the trading experience almost like a video game. If you are into that, that’s great. If not, just ignore it all and focus on the trading.

Further reading

Pocket Option Trading Platform Review

Pocket Option Trading Platform Review

Trade via the web application (no download required) or via your Android or Apple device.

The Pocket Option Trading platform allows you trade from anywhere. Simply go to the Pocket Option website and sign in, or download the app to your phone. Trading on the platform is relatively straightforward.

Select an asset to bring up the chart. You’ll see the payout amount, and you can also choose your expiry and investment amount. In the case of the web app, it can be found along the right side.

your expiry and investment

Along the right edge there are a number of other features:

  • Trades – is a record of your currently open trades, as well as your past trades.
  • Signals – is a list of trading signals based on technical analysis.
  • Social Trading – is where you can copy the trades of other trades, or share your trades.
  • Express Trades – take multiple trades at the same time.
  • Tournaments – see current or upcoming tournaments. They are often free or may have a small registration fee, with prizes to be won.
  • Pending Trades – create a trade to be deployed at future time.
  • Hotkeys – see hotkeys for making rapid trades.

Along the left there are more options:

  • Trading – this is the tab you trade from.
  • Finance – this is where you deposit and withdraw from
  • Market – this where you can purchase trading perks
  • Achievements – your rewards are collected here. Some can be spent in the Market.
  • Chat – chat with support or other traders.
  • Help – Access guides and other helpful resources.

Charting options are along the top of the chart. You can choose between Line, Candle, Bar, or Heiken Ashi charts. The following indicators are available on the platform:

available on the platform

Overall, the platform does what it is supposed to. Orders are deployed quickly and it has some technical analysis functions. Traders with a balance over $1000 can also access the MetaTrader 5 platform and trade forex with spreads starting at 1.1 pips. MetaTrader 5 offers some more advanced trading options suited to experienced traders.

Further reading

Pocket Option Promotions and Bonuses

Pocket Option Promotions and Bonuses

Pocket Option offers deposit bonuses and pays interest up to 10% on unused deposits via My Safe.

You can receive a 50% deposit bonus when you open a live trading account. A deposit bonus increases the amount of capital you can trade with. For example, if you deposit $1000, a 50% deposit bonus means you can trade with $1500 in capital.

Deposit bonuses can’t typically be withdrawn. Pocket Option also offers interest on your balances in a My Safe account. Earn up to 10% interest per year. This is a great feature not offered by many brokers.

Further reading

Pocket Option Deposit and Withdrawal Choices

Pocket Option Deposit and Withdrawal Choices

Pocket option has a large number of deposit and withdrawal choices – one of the most you will find from any broker.

Pocket Option Deposit and Withdrawal Choices

Pocket Option doesn’t charge for deposits or withdrawals, although the payment processor may charge a fee. The minimum deposit and withdrawal amount is $10. Pocket Option offers a wide variety of payment methods:

QR Banking LAKTouch&GoBoost
Thailand QR BankingJazzCashEasypaisa
ShopeeNagadBkash
Visa / MastercardTigerPayQRIS
GlobePayPicPayBoletol
PixLatam CashLatam Banking
SafaricomOnline bankingPromptPay
MoMoPayTMTele2
ActiveAltelKcell
PayRedeemCoins.phGcash
PagoPapipagoWebMoney
OxxoJetonFasaPay
GoPayDana
Crypto payment: BTC, LTC, UNI, TON, ATOM, LINK, LINK, ETC, Coinbase, XLM, PAX, Polygon, MATIC, TRC20, DAI, ZEC, USDC, ALGO, DOT, CRO, TRX, AVAX, SHIB, ADA, XRP

There may be additional payment and withdrawal options based on where you are located.

Further reading

Pocket Option Tournaments and Other Perks

Pocket Option Tournaments and Other Perks

Tournaments are free, and provide real rewards. You can also accumulate gems to get trading perks.

Gems are accumulated by participating in various activities. They can then be used in the market to get trading perks, such as higher payouts.

Tournaments let you show off your trading skills and potentially earn cash prices. They are typically free to enter. These features can be enjoyable for traders who prefer to “gamify” their trading experience.

trading experience

Further reading

Pocket Option Customer Support

Pocket Option Customer Support

Depositing was easy, so what about withdrawals? You don’t want to miss any moola, right? Are the methods similar, or are there some other ways? Let’s find out!

You can almost always get a hold of Pocket Option customer support. Their team is very responsive to customer queries. Use the following phone number to call them.

+44 20 8123 4499

Use the Contacts page to send them a message, or access chat support. Without registering for an account, there is minimal information about what traders are getting before signing up.

Most of the perks listed by the broker in the Trading Accounts section – which requires a login to even view to find out what they are. There is no FAQ section on the Pocket Option site. The site is available in 23 languages.

available in 23 languages

Further reading
Pocket Option FAQs

Pocket Option FAQs

What is Pocket Option? 

Pocket Option is an options broker. These options are a form of trading with a fixed payout and risk. You choose whether an asset’s price will be above or below a specified price at a certain time in the future.

How to rollover on Pocket Options?

Pocket Option doesn’t provide rollover. The trade outcome is determined at the expiry time selected.

How long does a Pocket Option deposit take?

Deposits are generally put into the trading account within one day, although this also depends on the speed of the payment processor.

How long does a Pocket Option withdrawal take?

Withdrawals are typically processed within two business days. Accounts with larger balances (Master, Pro, and Guru accounts) have quicker processing times. Each payment processor has its own processing time as well, so allow for that if applicable.

What does OTC mean on Pocket Option?

OTC means Over The Counter. It means the asset doesn’t trade on an established exchange.

Where is Pocket Option located?

PO TRADE (SV) LTD is registered in St. Vincent & the Grenadine as a Limited Liability Company with the registration number 793 LLC 2021. PO TRADE LTD is registered at Rodney Bayside Building, Rodney Bay, Gros-Islet, St. Lucia with the registration number 2019-00207.

Final Word on Pocket Option Review

Pocket Option has slightly more regulation than an unregulated broker. Proceed with caution. Start with a small deposit and then build up only if things go smoothly. What makes Pocket Option stand out is that it has more deposit and withdrawal choices than virtually any broker out there. They also don’t charge trading fees or fees for depositing or withdrawing.

Don’t expect to get a lot of information from the company until you register for an account. Most of their “perks” aren’t revealed until you have an account. The company offers lots of assets to trade, but be aware of the payouts. They range from 15% to 92%.

If you are into the social aspect of trading, such as copying or sharing trades, chatting with other traders, or joining tournaments, then Pocket Option may be a good choice for you.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.
Further reading
General Risk Warning: Your capital might be at risk