Detailed Pocket Option review

Pocket Option user-ratings $50
8.8/10
8.8 of 10 points 1 reviews
  • Asset varierity - 10/10
    10/10
  • Trading platform - 10/10
    10/10
  • Support - 7/10
    7/10
  • Fees - 8.5/10
    8.5/10
  • Deposit/Withdrawal - 8.5/10
    8.5/10

Facts about the company:

  • Type: Binary Options Broker
  • Regulation: FMRRC
  • Minimum deposit: 50 dollars
  • Demo account: Free
  • Markets: 100+ Forex, shares, cryptocurrencies, commodities, OTC charts
8.8/10
Comments Rating 8.8/10 (1 review)

Pros

  • Free demo account and a low minimum deposit of 50 Dollars
  • High yield of over 95%+
  • Very good trading platform with many possibilities
  • Fast trade execution and 24/7 support
  • Awards, social trading, signals
  • Bonus program

Cons

  • Not regulated by an official financial regulator

About Pocket Option

Pocket Option is currently a trend among private traders, but how good is this broker? Is it fraud or not? – In the following texts I will go into detail about my experiences with this company. I have tested the broker and its functions in detail. What can Pocket Option offer? Get detailed information about the trading conditions and the trading platform. I will also show you step by step how trading works and if you should invest money with Pocket Option.

Screenshot of the Pocket Option landing Page

What is Pocket Option – The broker introduced

Pocket Option is an international broker offering digital options trading. Traders can bet on rising or falling prices using options contracts. Pocket Option is managed by the companies “PO Trade LTD” with registered office at C/O LC02 503, Choc Bay, Castries, St. Lucia and “Gembell Limited Services” with registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960. These are typical offshore offices that many other brokers also use.

The Broker has only been active for a few years (2017) and already enjoys several thousand active users trading on the trading platform every day. In addition to the normal options trading, social trading, competitions, bonuses, and successes are also offered. In summary, Pocket Option looks like a typical “offshore broker”, which offers a wide range of investment opportunities.

Facts about the company:

  • New broker founded in 2017
  • Is managed by PO Trade LTD and Gembell Limited Services
  • Company headquarters outside the EU
  • Provider of Digital Options
  • Many active traders
  • Social trading, competitions, bonuses, and much more

Is Pocket Option regulated?

Although Pocket Option is regulated by the FMRRC (Financial Market Relations Regulation Center) with license number TSRF RU 0395 AAVv0141, this is not a regulation of an official financial supervisory authority, such as the FCA (UK) or BaFIN (DE). In my opinion, the broker is therefore not regulated. However, regulated payment methods are offered to customers.

Trading Conditions – What can Pocket Option offer?

Pocket Option offers to trade with Binary Options (Digital Options) on rising or falling prices. Traders can invest in currencies, commodities, stocks, and crypto-currencies with short-term or long-term options. It is possible to trade for 60 seconds or longer. OTC charts and weekend trading is also available. Trading is available 24/7.

The following markets are available at Pocket Option:

  • Currencies (Forex)
  • Shares
  • Crypto Currencies
  • Raw materials
  • OTC Charts

New customers can start with a free demo account or with a minimum deposit of 60 Dollars. There are over 100 different methods of depositing (more about this later). The minimum bet per trade is only 1,20 Dollars. So it is possible to trade with little capital. Furthermore, the maximum return per option is 95%+ and depends on the market and the market situation. The yield can also be increased with upgrades.

The trading platform is available for every device. Trade with your smartphone or computer. Analysis, news, and social trading are also available. For active traders, there are even success and bonus programs. In summary, the conditions for trading at Pocket Option are very good. The platform offers everything you need to trade options.

Summary of the Pocket Option Trading Conditions:

  • Over 100 different markets
  • Free demo account
  • Minimum deposit 60 Dollars
  • Minimum stake 1,20 Dollars
  • Yield up to 95%+ and upgrades
  • Reward system
  • Social trading, success and more
  • Many payment methods
  • 24/7 support

Test the Pocket Option trading platform

In the following, I would like to deal with the trading platform of Pocket Option. At first glance, it looks very clear. It is also available for every device. You can also open the trading platform on your computer in a full-screen version.

Pocket Option supports multi-charting. Several charts can be analyzed and traded simultaneously. You can open a new chart at any time with just a few clicks using the trading icon. On the left and right side there are advanced functions for trading and in the middle of the chart is the order mask. There you open the trading position

Pocket Option’s software offers the trader a wide range of charting possibilities. Various chart displays and time units are available. You can customize the chart as you wish. Numerous indicators and drawing tools are provided free of charge for technical analysis. You can also configure these tools according to your own requirements.

Facts about the trading platform:

  • User-friendly
  • Suitable for professional analyses
  • Multi-Charting is possible
  • Free indicators
  • Numerous charting tools
  • All tools are customizable

Special functions of the trading platform

In the following, I would like to briefly discuss the special functions of the trading platform. These functions make Pocket Option a unique broker.

Successes:

The higher your trading volume on the platform, the more successes you can unlock. Pocket Option rewards a high trading volume with gifts and bonuses.

Chat:

Chat with other traders around the globe. For example, exchange information about current news or analyses.

Signals:

Pocket Option offers free trading signals. These are based on strategies and indicator settings.

Social trading:

Social Trading means that you can copy other traders. Automatically re-trade the current trades of already successful traders. Pocket Option transparently displays the statistics and successes of a trader. It is also possible to have yourself copied.

Competitions:

Win money in a competition. You compete against other traders. The best 10 or 5 traders win a fixed price. Depending on the competition the conditions are different.

Trading Tutorial: How to trade with Pocket Option

Pocket Option offers digital options. This trading product is easy to understand because it is limited in loss, profit, and expiration time. Speculate on falling or rising prices. Choose the expiration time and the trader’s stake. At the end of the expiration time, the price must be below or above the entry point (strike price). It does not matter how many points the trade runs into profit.

This is how you act step by step:

  1. Select a market and make a future forecast of the price
  2. Select a suitable term for the option
  3. Select the investment amount (from 1,20 Dollars)
  4. Invest in falling or rising prices
  5. Wait until the expiration time is over
  6. Gain a high return or lose the amount invested

Deposits and withdrawals with Pocket Option

The minimum deposit is 50 Dollars and the minimum withdrawal is 10 Dollars. Depending on the deposit amount you reach a new account level. There are over 100 different methods available for deposits and withdrawals. Depending on the country, the methods may change. Credit cards, e-wallets, and cryptocurrencies are offered for payments.

In addition, Pocket Option does not charge any fees for deposits and withdrawals. Withdrawals are sent within a few hours, but from my experience, it can take up to 3 days. Be sure that your account is fully verified before you deposit money.

Facts about deposits and withdrawals:

Minimum deposit:50 Dollars
Minimum payout:10 Dollars
Fees:None
Cryptocurrencies:Bitcoin, Ethereum and more
Credit cards:Yes
E-wallets:Payeer, Advcash, Neteller, Skrill
Payout time:1-3 days

Support and service in testing

Pocket Option offers 24-hour support by phone, chat, or email. However, support in German or other languages is not always available. Often you have to communicate in English. However, the website is completely translated into for example German and has only a few errors. From my experience, the support acts very fast. You can also reach the broker via Facebook. The chat function turned out to be the fastest way to contact the company.

Besides the standard support, Pocket Option has also created extensive training material for each trader. Trading strategies, video instructions, or tutorials are provided. Complete beginners can learn how to trade correctly. There is also a large glossary or FAQ for further questions. In summary, Pocket Option has sufficient support that is always helpful.

Support available:24/7
Telephone:+44 20 8123 4499
Address:support@pocketoption.com
Languages:23+ languages

Facts about support:

  • 24-hour support in various languages
  • Phone, Chat or Support
  • trading tutorials
  • Instructions
  • trading strategies
  • Glossary and FAQ

Conclusion

From our experience, Pocket Option is not a scam and is a typical offshore broker. However, one should be careful, as the company is not regulated by an official financial regulator. However, it is possible that the broker will be more regulated in the near future. Pocket Option is a good trading platform.

The broker offers a wide range of services for trading with digital options. The return per trade is also very high. Benefit from a user-friendly software, which also allows beginners to speculate in the financial markets. Besides good trading conditions, bonuses, competitions, or social trading are also offered. In summary, Pocket Option is a good broker with numerous possibilities.


Most asked questions:

Is Pocket option a regulated broker?

To be honest the answer is: It depends on who you ask. Officially, the online broker is regulated by the FMRRC (Financial Market Relations Regulation Center) with license number TSRF RU 0395 AAVv0141. Technically speaking it does oblige to a regulation but not by an official financial supervisory authority, such as the FCA (UK) or BaFIN (DE).

Does pocket Option offer a free demo account?

It does indeed. You can try out the offered trading services with a demo account that does not involve any additional costs.

What trade possibilities are there on Pocket Option?

You can trade over 100 assets with this online broker including crypto currencies, forex, shares, OTC charts and ommodities. Furthermore, apart from normal trading options, you have access to social trading, bonuses and competitions among other services.

Is pocket option a well established broker?

The company which is based outside of the EU and managed by PO Trade LTD and Gembell Limited Services was founded in 2017. It can therefore be considered new to the market but still already has a very high amount of active traders.

One Response

  1. Andre Witzel September 8, 2020

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