Pocket Option review – Should you sign up? – Pros and cons

Rating:Assets:Minimum deposit:Return:
5 out of 5 stars (5 / 5)Crypto, Binary Options$ 50Up to 93%+

The modern trading world needs a broker that fulfills the need of their clients. They should provide transparency in their workings and gives users a full chance to earn profits. One such broker is Pocket Option.

Ever since Pocket Option made its debut in 2017, it has gained the trust of its clients. Their trading platform is so simple that even a novice can easily navigate it. 

Thousands of people worldwide are using Pocket Option as their primary trading platform. But is it legal? Do you really earn profits from Pocket Option? You will find the answer by the end of this review. 

Pocket Option official website

(Risk warning: your capital can be at risk)

Quick facts: Know more about Pocket Option

Pocket Option, from its beginning, has been a trustworthy broker. It provides more than 100 tradable assets such as stocks, forex, cryptocurrencies, etc. 

International Financial Market Relations Regulation Center (IFMRRC) regulates this broker. Pocket Option provides services to clients from more than 95 countries, including the USA, UK, India, etc. 

Here is an overview of Pocket Option as a trading platform:

BrokerPocket Option
Founded2017
RegulationIFMRRC
DemoYes
Minimum Deposit$50
Minimum Trade$1
Bonus50%
Deposit MethodsCrypto, eWallet, Wire Transfer, Credit Cards, Debit Cards
Trade TypesHigh/low, Turbo
Social Trading Yes
Assets100+
Trading PlatformWeb, Windows, iOS, Android

(Risk warning: your capital can be at risk)

Trading platform review:

Pocket Option trading platform

The best thing any trading platform can provide is an easy-to-use interface. Thankfully, Pocket Option’s trading platform has everything a trader needs. 

Some of them include:

  • Great web design and user experience
  • User-friendly interface
  • Hundreds of assets
  • Hotkeys to provide an intuitive experience
  • MetaTrader 5 (allows traders to use top-quality analysis tools)

Apart from the easy-to-use platform, Pocket Option provides all the basic charts you may need, including lines, bars, candles, and Heikin Ashi. Furthermore, it gives access to 30 different indicators that help you earn profits. These include:

  • Accelerator Oscillator
  • CCI
  • ADX
  • Bollinger Bands
  • Moving Average
  • MACD
  • Momentum
  • RSI and more
Good to know!
Do you know you can copy professional traders on Pocket Option? This broker allows users to do so with the help of the Social Trading feature. 
Through it, you can message a trader and discuss diverse topics such as the number of deals, maximum profits, and more. 

One of the useful features that Pocket Option provides is Signals. A trader can copy these signals with different expiry times with just one click. They also have a Telegram Signal bot that sends quality signals to the traders. It can also automatically place trades using the Telegram app. 

(Risk warning: your capital can be at risk)

The mobile application (app) of Pocket Option is available:

Pocket Option mobile trading

For many traders, they cannot stay on the screen for longer durations. That is why Pocket Option also provides a mobile application. It allows the users to stay connected with the trading community and receive the latest updates. 

It doesn’t matter if you use iOS or Android, as Pocket Option has a mobile app for both software. The MetaTrader 4 and MetaTrader 5 helps provide a seamless experience to iOS and Android users. 

Thankfully, the mobile application is not stripped of any features that are available on the web platform. You will get the same features, indicators, and charts as the PC version.

Good to know!
Pocket Option mobile app is completely free to download. However, ensure that your iOS has a software version 11.0 or later installed. Similarly, Android should have version 4.4 or later. 

(Risk warning: your capital can be at risk)

Pros and cons:

Pocket Option provides a lot of salient features for the traders. This way, they ensure that traders have a seamless experience on the platform. 

Pros

  • 100+ assets to Trade
  • 50% deposit bonus with first deposit
  • Tournaments, achievements, and social trading
  • Fast deposits and withdrawal processing
  • Easy-to-use trading platform
  • No sign-up commitment with demo accounts
  • Minimum trades of $1
  • US traders accepted
  • Regulated and trustworthy

Cons

  • The only trade type is high/low

What assets does Pocket Option provide?

Pocket Option trading assets and markets

With Pocket Option, you can invest in more than 100 trading assets. All these assets have been divided into 5 broad categories:

  • Forex
  • Cryptocurrency such as Bitcoin, Ethereum, Litecoin, etc.
  • Indices
  • Stocks
  • Commodities such as gold, silver, platinum, etc

If you look at the trading schedule on the official website, you will see all the assets Pocket Option provides. In addition, you can even see the payout percentage for each of them.

(Risk warning: your capital can be at risk)

Types of trading accounts:

Pocket Option provides a variety of trading accounts that depend on your experience level. The below table gives you a detailed comparison between the different trading accounts.

Account TypeConditionsBenefitsWithdrawalSpread
Novice TraderThe account balance is less than $100 and the transaction amount is about $1,000N/AFree (0.5 for Perfect Money)No
BeginnerThe account balance is $100N/AFree (0.5 for Perfect Money)No
ExperiencedTrader’s account balance reaches $1,000 or aboveTraders enjoy increased profitability of 2%Free (0.5 for Perfect Money)No
Master$5,000 should be the minimum account balance and the maximum transaction amount exceeding $2,000Traders have increased profitability by 4%. They also get priority in withdrawal.Free (0.5 for Perfect Money)No
ProfessionalAccount balance above $15,000 and maximum transaction amount should exceed $3,000Traders enjoy increased profitability of 6% and priority in withdrawal.Free (0.5 for Perfect Money)No
ExpertAccount balance above $50,000 and maximum transaction amount should exceed $5,000Traders have increased profitability by 8%. They also enjoy priority in withdrawal and get premium gifts, and discounts in the market.Free (0.5 for Perfect Money)No
MT5 ForexAvailable for all “Experience,” “Master,” “Professional,” and “Expert” accounts

Free demo account of Pocket Option is available:

Pocket Option demo account

Any good broker should provide a demo account for clients to practice their strategies and test the platform. Pocket Option provides an unlimited demo account with $10,000 virtual cash. Furthermore, you don’t have to register with Pocket Option to use the demo account. 

This demo account has helped many traders to get the essential experience to perform in the real market. With Pocket Option’s user-friendly account layout, a trader can learn extensively about trading. 

(Risk warning: your capital can be at risk)

Deposits and withdrawals:

Pocket Option deposit and withdrawal methods

Traders are always looking out for the deposit and withdrawal amount of the brokers. After all, no one wants to get in the bed with the brokers who charge exorbitantly from their clients. 

Quick tip!
A trader should choose a broker having a low minimum deposit amount. It is crucial for beginners who are still learning to trade. 
Therefore, you should join a broker that has a low minimum deposit amount. 

Pocket Option minimum deposit:

Pocket Option minimum deposit and minimum withdrawal

A minimum deposit amount is that which you need to fund in your trading account. A trader cannot begin trading if he does not fund his account with money. 

While most brokers have a high minimum deposit amount, the Pocket Option is only $50. You can begin trading with your live trading account by funding it with this amount. 

However, this amount might increase once you switch to a higher account level. 

(Risk warning: your capital can be at risk)

Minimum withdrawal amount:

A good thing about Pocket Option is that the minimum withdrawal amount is less than the minimum deposit. You can submit a withdrawal request for any amount starting with $10. 

Withdrawing funds from your Pocket Option trading account does not involve any fee. The broker covers all charges involved in the transaction. 

Quick tip!
Avoid withdrawing money less than the minimum withdrawal amount. If you do, you might have to pay some fee to the broker.

How to withdraw money from Pocket Option

We experienced that withdrawing funds from the Pocket Option live trading account is straightforward. You only need to log in to your live trading account and follow these steps.

  • Click on the ‘withdraw funds.’
  • Choose the payment method for withdrawing funds from your Pocket Option trading account.
  • Enter the amount you wish to withdraw.
  • Submit your Pocket Option withdrawal request and wait for confirmation. 

The broker usually processes your withdrawals within the minimum possible time. However, the processing time also depends on your preferred payment methods. 

Good to know!
While submitting a withdrawal request, you can select the payment method you used to deposit funds. Pocket Option, or any other broker, will not allow you to use a different payment method owing to the legal constraints. 

(Risk warning: your capital can be at risk)

Payment methods:

Pocket Options gives a wide choice to its customers in the payment methods. These days, brokers offer all the leading payment methods to deposit and withdraw funds. 

Pocket Option is carrying on this broker legacy. They allow you to use the following deposit and withdrawal methods: 

  • Bank transfers
  • Cryptocurrency
  • Debit cards
  • Credit cards
  • Electronic wallets

You can choose your preferred method to fund your Pocket Option account. The deposits get quickly processed, so you don’t suffer financial losses by missing out on trades. 

The withdrawals, however, might take time. Though the broker processes them at the earliest, your preferred method also plays a part. 

For instance, withdrawals made through bank transfers take the longest time. On the other hand, electronic wallets and cryptocurrency are the most instant withdrawal methods. 

Payout – Return on investment on the Pocket Option platform

High payouts on Pocket Option

Pocket Option is the best platform for trading binary options because of its high payout. You get a payout as high as 80-100%

The lowest payout that Pocket Option offers is about 50%. Thus, a trader must strive to make the most accurate predictions to enjoy such a high payout percentage. 

Good to know!
Interestingly, Pocket Option has the highest payout percentage when we look at the industry standards. Trading on this platform can earn you a payout of up to 218%. However, it also depends on your trading skills and how you manage risk and finances. 

(Risk warning: your capital can be at risk)

Pocket Option bonus and promotions:

Pocket Option deposit bonuses

No one, including the traders, dislikes promotions and discounts. Well, Pocket Option keeps this in mind. 

Making your first deposit, you might receive a 50% bonus from the broker. Thus, you will receive a high deposit bonus if you deposit a higher amount. You can use it to place trades since you can’t withdraw them. 

Besides, there are many other features that you can enjoy on Pocket Option. You might receive promotion codes from time to time that will keep you motivated to trade.

Social trading

Pocket Option social trading

It is a new feature that allows traders to watch and learn from their friends and family. With this feature, you can

  • Watch the trading moves of other investors. 
  • Learn and gather trading experience from them. 
  • Plan your move accordingly. 

(Risk warning: your capital can be at risk)

Tournaments

Pocket Option contests and tournaments

There are various trading tournaments that Pocket Option conducts from time to time. These tournaments include both paid and unpaid. You can get their details from the Pocket Option website. 

It will show you the details of all the tournaments that have happened. You can also get information on the due ones and enroll for them. 

These tournaments are tempting since they encourage the traders to earn more. They carry cash awards as high as $50,000. Thus, you should avoid missing these tournaments at any cost. 

(Risk warning: your capital can be at risk)

Customer support

Pocket Option customer support

The customer support of Pocket Option is always ready to help the clients with any troubles. You can contact Pocket Option customer support if you face online trading issues. 

You can write to them or get in touch with them through email. Pocket Option takes utmost pride in helping its customers throughout their trading journey. Thus, you can rest assured that their customer service will get back to you as soon as possible. 

Is Pocket Option profitable?

We would say Pocket Option is one of the most profitable brokers. You can earn as much, provided you have the right strategies. The payout is the highest in the market. 

To earn profits with Pocket Option, you can follow these tips:

  • Choose an underlying asset only after thorough research. 
  • Don’t forget to use the trading tools and indicators for technical analysis. 
  • Give up the urge to overtrade and accept your losses.
  • Work on building an adept trading strategy on your demo account. 
  • Use the demo account. Carry on your trading practice as much as you can. It will help you manage risk and build appropriate skills. 
  • Keep a check on your emotions and follow healthy trading practices. 

Conclusion of the review: Leading broker for Binary Options

Trading involves risk, no matter which online trading platform you choose. However, what matters is that you get the best trading experience out of the platform. 

This Pocket Option review aims to tell you that it is an ideal trading platform. The feature-rich platform offers the traders the best trading experience. So, if this platform is in your consideration, you can try it.

(Risk warning: your capital can be at risk)

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