Pocket Option

	Details
Broker Name	Pocket Option
Rating	⭐⭐⭐⭐
Minimum Deposit	$50
Bonus	50% Deposit Bonus
Payout	92%
Demo Account	Yes
Regulated	MISA
Awards	Best Binary Broker Runner Up 2023 - DayTrading.com Best Binary Broker 2022 - DayTrading.com
Country Flag	Traders are all welcome

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Pocket Option stands out as a premier binary options broker, offering traders access to an impressive selection of over 100 assets, including forex pairs, stocks, and cryptocurrencies. This brokerage provides regulated services to clients across more than 95 countries, including the UK, the United States, India, and various European nations.

This 2024 review will explore the key features of Pocket Option, including available assets, mobile app functionality, regulatory compliance, and associated fees. Discover how to create your trading account with Pocket Option today!

Key Highlights of Pocket Option

Founded in 2017 by Gembell Limited, Pocket Option has quickly gained recognition in the binary options trading landscape. Headquartered in the Marshall Islands, this brokerage has made significant strides in the industry.

Pocket Option operates under the regulatory oversight of the International Financial Market Relations Regulation Centre (IFMRRC), ensuring a level of trust and security for its users.

With over 20,000 daily active users and a remarkable trading turnover exceeding $500 million, Pocket Option serves a diverse clientele eager to engage in binary options trading from various global locations.

Whether you're a seasoned trader or a beginner exploring binary options, Pocket Option offers a robust platform that caters to your trading needs.

Trading Platforms at Pocket Option

Pocket Option offers two leading trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are accessible as an online web trading application and a downloadable desktop application compatible with Windows (including Windows 10) and macOS. You can easily download them from the Pocket Option website.

MetaTrader 4 and MetaTrader 5

Renowned in the trading community, both MT4 and MT5 provide an extensive array of charting options, technical indicators, and customizable timeframes. Additionally, these platforms come equipped with advanced features and drawing tools to enhance your trading experience.

Moreover, the MetaTrader platforms support flexible API integrations, allowing traders to utilize automated trading robots, Telegram signal bots, copy trading tools, and even specialized trading keyboards.

Pocket Option’s Custom Trading Platform

In addition to MT4 and MT5, Pocket Option has developed its own user-friendly web-based trading platform, specifically designed for beginners and optimized for seamless performance.

This web app includes all standard order types, along with custom indicators and comprehensive reporting features. Users can easily track their transaction history, net worth, and past performance, making it a valuable tool for both new and experienced traders alike.

Drawbacks of the Pocket Option App

While the Pocket Option web app offers a user-friendly experience, it does have some limitations. Notably, the platform lacks the functionality to set price alerts or notifications. Additionally, it only supports a one-step login process, which does not include additional verification methods such as Google Authenticator or other security systems.

User-Friendly Trading Experience

Despite these drawbacks, the Pocket Option platforms make binary options trading straightforward and intuitive. Users can easily view the payout amounts, as well as the time remaining until purchase and the fixed expiration times for trades.

Quick Trading Features

The broker excels in facilitating rapid trading, with standard expiration times for express trades set at just 30 seconds. This speed enhances the trading experience for users seeking to capitalize on short-term market movements.

Moreover, the platform provides transparency by displaying the trading direction of the majority of users at any given moment, allowing traders to make more informed decisions.

Trading Markets on Pocket Option

Pocket Option provides traders with access to a diverse range of four asset classes, ensuring ample opportunities for investment:

1. Forex Pairs
The platform features over 30 forex currency pairs, encompassing major, minor, and exotic options. This variety allows traders to capitalize on fluctuations in global currency markets.

2. Stocks
Pocket Option offers an extensive selection of stocks sourced from U.S. exchanges, with more than 30 options available for trading. Notable companies include industry giants like Facebook, Apple, and Boeing, providing traders with a chance to invest in well-known brands.

3. Cryptocurrencies
With more than 30 cryptocurrencies available, Pocket Option caters to both seasoned and novice traders in the crypto market. The platform includes popular coins such as Bitcoin and Ethereum, alongside a range of lesser-known tokens, offering a comprehensive crypto trading experience.

4. Commodities
Traders can also engage in commodity trading on Pocket Option, with options including four key commodities: UK Brent (North Sea crude oil), US Crude (Western Texas crude oil), silver, and gold. This selection allows traders to diversify their portfolios by investing in valuable physical assets.

Fees and Pricing at Pocket Option

Pocket Option stands out in the binary options trading landscape with its competitive fee structure. As a broker focused on binary options, they maintain relatively low costs, ensuring that traders can maximize their profits without worrying about excessive fees.

No Commissions

One of the key advantages of using Pocket Option is that they do not charge any commissions on trades conducted through live accounts. This means that you keep 100% of your profits, enhancing your overall trading experience.

No Additional Fees

Traders will also benefit from the absence of deposit, withdrawal, or inactivity fees. This transparent pricing model allows you to trade without incurring unexpected costs.

Competitive Payouts

Pocket Option offers attractive payout rates for various asset classes. Here are some examples of potential profits for binary options trades on forex pairs:

GBP/USD: 85%
GBP/EUR: 59%
EUR/USD: 89%

For stock trading, you can expect similar high payouts:

Apple (OTC): 92%
McDonald's (OTC): 92%
Microsoft (OTC): 78%

Cryptocurrency binary options tend to have slightly lower payout rates, generally around 40%, reflecting the higher volatility associated with these digital assets.

Mobile Trading with Pocket Option

Pocket Option offers a robust mobile trading app compatible with both APK (Android) and iOS (Apple) devices, making it ideal for traders on the go. The app provides access to all essential charts and order types, ensuring a seamless trading experience.

User-Friendly Design

With an intuitive layout, the app is designed for easy navigation, allowing users to execute trades effortlessly. You can also set up notifications and price alerts, receiving timely updates through convenient mobile notifications.

Security Features

However, it's important to note that the app currently does not support fingerprint or facial recognition logins, so users will need to rely on traditional login methods for account access.

Payment Options at Pocket Option

Pocket Option stands out with its no deposit fees policy and reasonable processing times, typically ranging from one to two business days. The platform requires a minimum deposit of $50, and all deposits must be made in USD, as this is the sole base currency supported by Pocket Option.

Deposit Methods

Users can easily fund their accounts through three convenient methods:

Debit/Credit Card (e.g., Visa debit)
Bank Transfer
Electronic Wallet Transfer (e.g., Coinbase)

Withdrawal Process

Pocket Option also facilitates free withdrawals. The minimum amount for withdrawals is set at $10, and there is no maximum withdrawal limit. Typically, traders will receive their funds, with proof, within 24 hours. Withdrawals can be processed using the same payment methods used for deposits.

Currency Limitations

It’s important to note that withdrawals are available only in USD, which may lead to additional issues, such as conversion fees charged by banks.

Pocket Option Demo Account

Pocket Option provides users with a free demo account, allowing aspiring traders to practice without the necessity of opening a live account. This feature enables anyone to start trading immediately without needing to deposit real funds.

With the demo account, traders are given $10,000 in virtual funds to explore and test various strategies. If you happen to exhaust this amount, it can easily be replenished, ensuring continuous practice opportunities. The primary goal of the demo account is to familiarize traders with the platform and hone their trading skills.

This simulator account serves as the perfect environment to experiment and develop effective trading strategies, whether you’re interested in 30-second trades, 1-minute, 2-minute, or 3-minute strategies, or exploring techniques such as the zig-zag strategy or YouTube OTC strategies.

Bonuses & Promotions

New clients at Pocket Option can take advantage of two exciting promotional offers designed to enhance their trading experience.

50% Deposit Bonus

The first promotion provides a 50% bonus on your initial deposit. This offer is accessible to all new users, requiring no referral code. Simply deposit the minimum amount of $50 to qualify for the bonus.

The more you invest upfront, the greater your bonus potential. For instance, if you deposit $100, you’ll receive a $50 bonus, while a deposit of $1,000 nets you an impressive $500 bonus.

Keep in mind that to withdraw these funds, you'll need to complete a specified number of trades as outlined in the promotion's terms.

$50 No Deposit Bonus

Another attractive offer is the $50 no-deposit bonus. To claim this, new customers can use the promo code ‘NBD-promotion’ when registering for their account. This allows you to receive $50 without needing to make an initial deposit.

Similar to the deposit bonus, this amount can only be withdrawn after executing a certain number of trades.

Additionally, be sure to stay tuned for limited-time bonuses, such as previous promotions that offered enhanced deposit bonuses for new clients in June 2021.

Licensing

Pocket Option and its parent company, Gembell Ltd., are regulated by the International Financial Market Relations Regulation Centre (IFMRRC). It's important to note that this regulatory body does not qualify as an official financial regulator and does not provide tier 1 regulation. As a result, certain protections, such as trader insurance, are not available.

While this doesn’t imply that Pocket Option is fraudulent, traders should exercise caution, particularly since some customer reviews have raised concerns about potential price manipulation.

The broker adheres to anti-money laundering (AML) policies and implements Know Your Customer (KYC) regulations to ensure the integrity of its trading environment. Additionally, all staff members receive training to help prevent fraudulent activities.

Additional Features

Pocket Option offers several unique features that distinguish it from other brokers, such as Nadex, VideForex, BinaryCent, and Quotes:

Social Trading

The Social Trading feature enables users to observe and analyze the trading habits and strategies of others. This provides an opportunity to learn from the successes and mistakes of fellow traders, enhancing your own trading skills.

Tournaments

Engage in exciting Tournaments that allow you to compete against other investors for various prizes. This competitive aspect adds a thrilling dimension to trading while enabling you to gauge your performance against others in the market.

Achievements

As you participate in tournaments, you can earn Achievements that serve as badges to showcase your skills to other traders. These achievements not only add prestige but can also unlock better payouts, additional trading funds, and other benefits to enhance your overall trading experience.

Account Types

Pocket Option offers two distinct account types: a demo account (previously discussed) and a live account.

To open a live account, traders need to make a minimum deposit of just $50, granting access to over 100 financial instruments. In addition to trading capabilities, live account holders can enjoy various benefits, including cashback, social trading features, and trading signals.

Pros and Cons of Pocket Option

Pros:

No commission on trades
Access to over 100 assets
Low trading fees
50% deposit bonus for new customers
User-friendly interface
High average payout rates
Free demo account available

Cons:

Relatively simple trading platform
Limited expiry times for trades
Lack of additional login verification measures
Only one type of live account available
Not regulated by a tier one official regulator

Trading Hours

Pocket Option enables trading on various assets 24/7. The primary forex trading session runs from 21:00 UTC on Sunday to 21:00 UTC on Friday. However, over-the-counter (OTC) assets, such as GBP/USD and EUR/USD, can also be traded over the weekend, starting after the main session closes on Friday.

Other assets, such as cryptocurrencies, do not have defined market hours and can be traded continuously throughout the week on Pocket Option.

Customer Support

Customer service at Pocket Option is commendable, offering multiple communication channels that ensure availability 24/7, including weekends.

If you encounter issues, such as problems with loading, expired deposits, or incorrect contract expiration times, you can utilize the live chat feature on their website or reach out via social media platforms like Instagram, Twitter, and Facebook.

For those who prefer not to chat, a contact form is available on their website for inquiries, and customer support can also be reached through the following methods:

Phone: 1 (800) 982 – 1251
Email: support@pocketoption.com

Security

While Pocket Option has a relatively robust security framework, there are concerns regarding its account protection measures. The web app, desktop app, and mobile app only offer one-step login without additional verification options, potentially leaving accounts vulnerable to unauthorized access.

Pocket Option Verdict

Pocket Option is an appealing choice for both newcomers and seasoned traders. Specializing in binary options, the platform differentiates itself from traditional forex, stock, and CFD brokers.

With a transparent and competitive fee structure, user-friendly platforms, and attractive bonuses coupled with social trading features, Pocket Option presents a solid trading option. However, its security measures require improvement. Consider opening a demo account to practice your strategies and start trading with Pocket Option today!

FAQs

Where is Pocket Option Regulated?
Pocket Option is regulated by the International Financial Market Relations Regulation Centre (IFMRRC) in the Marshall Islands, although this regulatory body does not offer tier one trader protection.

Does Pocket Option Offer a Demo Account?
Yes, Pocket Option provides a demo account for free. Traders can practice with $10,000 in virtual funds in a risk-free setting.

How Much Capital Do I Need to Trade with Pocket Option?
To start trading on Pocket Option, a minimum deposit of $50 is required. Trades can be initiated with as little as $1.

Is Pocket Option Legit?
Yes, Pocket Option is a legitimate broker. It is regulated by the IFMRRC and adheres to anti-money laundering and know-your-customer policies.

Does Pocket Option Have a Mobile App?
Yes, Pocket Option features its own mobile app and also supports the MT4 and MT5 mobile platforms, available for both Android and iOS devices for convenient trading.

What Is a Pocket Option Green Gem?
Gems are rewards given by Pocket Option to clients who participate in their gem lottery events. While details are not extensively provided, traders can earn blue, red, or green gems based on their betting activities over weekends. These gems can be redeemed for various gifts and trading rewards.

Go to Pocket Option

	Details
Awards	Best Binary Broker Runner Up 2023 - DayTrading.com Best Binary Broker 2022 - DayTrading.com
Bonus	50% Deposit Bonus
Instruments	Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
Demo Account	Yes
Minimum Deposit	$50
Minimum Trade	$1
Payout	92%
Expiry Times	5 seconds - 4 hours
Ladder Binary Options	No
Boundary Binary Options	No
Payment Methods	Airtel, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, FasaPay, JetonCash, Maestro, Mastercard, Perfect Money, Visa, Volet, WebMoney, Wire Transfer
Regulator	MISA
Mobile Apps	iOS & Android
Auto Trading	Yes
Copy Trading	Yes
Social Trading	Yes
Margin Trading	Yes
MetaTrader 4	Yes
MetaTrader 5	Yes
cTrader	No
AlgoTrader	No
OmniTrader	No
TradingView	No
Autochartist	No
eSignal	No
Trading Central	No
STP Account	No
ECN Account	No
DMA Account	No
MAM Account	No
PAMM Account	No
LAMM Account	No
Demat Account	No
AI / Machine Learning	No
Robo Advisor	No
Negative Balance Protection	No
Market Maker	No
P2P Trading	No
Spot Trading	Yes
Trade Signals	Yes
VPS Hosting	No
Tournaments	Yes
Demo Competitions	No
Ethical Investing	No
Islamic Account	No
Account Currencies	USD
Stock Exchanges	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange S&P 500
Commodities	Silver, Gold, Natural Gas, Oil, Palladium, Platinum
CFD Trading	No
Forex Trading	Yes
Forex Assets	55+
Crypto Trading	Yes
Crypto Coins	AAVE, ADA, ALGO, ALICE, ALPP, ANT, ATOM, AVAX, AXS, BCH, BNB, BTC, CHZ, COMP, DASH, DATA, DGB, DOGE, DOT, ENJ, EOS, ETH, FIL, GLMR, ICP, ILV, KAVA, LINK, LTC, MANA, MASK, MATIC, MIOTA, MKR, NEAR, NEO, NULS, OMG, QTUM, REEF, SAND, SANTOS, SC, SOL, STORJ, STX, SUN, THETA, TLM, TRX, UNI, VET, WAVES, XLM, XMR, XRP, XTZ, YFI, YGG, ZEC
Crypto Lending	No
Crypto Mining	No
Crypto Staking	No
Crypto Auto Market Maker	No