Pros and Cons of the Pocket Option trading platform

Pocket Option different devices
Posted on 30 June 2021
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Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.

Binary options are financial derivatives for online trading that allow you to simply speculate on the rise or fall of an asset. If a trader manages to make the correct forecast, he can usually win from 75% to 95% of the initial investment. The main benefit is that there is no need to buy an asset but only the contract. And the risk is limited by the contract price only. In case of winning the full value of the contract together with the profit is returned to the client's account. In case of loss, only the value of the option is withheld. Any change in the exchange rate allows you to make a profit, even if this change is minimal. There are many platforms that allow you to trade binary options. And this article is devoted to one of them. Read Pocket Option broker review to learn more about this platform.
Pocket Option on different platforms
Pocket Option on different platforms

About broker

The Pocket Option broker started to allow trading services to individuals in 2017. The company is owned by Gembell Limited, located in the Marshall Islands. In 2018, the broker activities were legally approved. It took the broker only a few years to involve over 10 million users into active trading. According to the Pocket Option review, every minute, the profit of traders makes nearly $150,000. Traders from nearly 100 countries can join the platform to trade round the clock. The broker is very loyal to beginners, allowing them to test a demo account without registration to see if the trading requirements are suitable for them.
Pocket Option mobile
The Pocket Option broker started to allow trading services to individuals in 2017. The company is owned by Gembell Limited, located in the Marshall Islands. In 2018, the broker activities were legally approved. It took the broker only a few years to involve over 10 million users into active trading. According to the Pocket Option review, every minute, the profit of traders makes nearly $150,000. Traders from nearly 100 countries can join the platform to trade round the clock. The broker is very loyal to beginners, allowing them to test a demo account without registration to see if the trading requirements are suitable for them.
Pocket Option on mobile device

Regulation

It is very important to check if the broker is officially allowed to provide online trading services.

In 2018, Pocketoption received a certificate of conformity from the CROFR regulator. It is an independent regulating authority that monitors online broker companies. The company must meet certain criteria to obtain this document. Moreover, the broker uses additional security tools like 2-factor-authentication and SSL certificate to keep personal data of platform users safe.
Pocket Option CROFR regulator
Pocket Option on different platforms

Registration

To get full access to the Pocket Option trading platform, you will need to register. To do this, go to the appropriate section of the site and fill out a short form. You will need to come up with a password and provide a valid email address. It is possible to create an account automatically through the social networks Google+ and Facebook. Before submitting the form, it is recommended that you familiarize yourself with the terms of the public offer without fail. It is also advisable to go through the Pocket Option verification procedure in order not to have delays when you plan Pocket Option withdrawal. Once you successfully complete registration, return to the platform to make Pocket Option local login.
Pocket Option webtrader
Pocket Option on a desktop
Pocket Option mobile app
Pocket Option on a mobile device

Account types

Platform accounts may be roughly divided into a free training account and a real account. But depending on the amount you deposit to your real money account, you may get different statuses that open access to additional platform features.
Account
Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
Pocket Option demo



Newbie

$1000

(balance up to $100)
Beginner

$1000

($100–999)
Experienced
+ 2%
$1000

($1000–4999)
Master
+ 4%
$2000

up to $10
($5000–14,999)
Professional
+ 6%
$3000

up to $50
($15,000–49,999)
Guru
+ 8%
$5000

up to $100
(from $50,000)
Pocket Option demo



Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
Newbie

$1000

Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
(balance up to $100)
Beginner

$1000

Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
($100–999)
Experienced
+ 2%
$1000

Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
($1000–4999)
Master
+ 4%
$2000

up to $10
Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
($5000–14,999)
Professional
+ 6%
$3000

up to $50
Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
($15,000–49,999)
Guru
+ 8%
$5000

up to $100
Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
(from $50,000)

Pocket Option demo account

The main benefit of the training account is that there is no need to register a user on the site and verify his personal details. To use the Pocket Option demo, you just need to activate a free account version. But at the same time, it is vital to understand that a demo account only gives you the opportunity to get acquainted with the platform, the conditions of its use, but not fully use it for trading binary options. Moreover, you can use the help of a guide on the site, who will tell you in a very understandable way how to use it correctly and what tools will be suitable for the binary options trading process.

In a demo mode, you will not have access to the latest quotes: they are generated spontaneously in a random order and can be only used for educational purposes. But you can use this free account for as long as you need to develop a profitable Pocket Option strategy.
Pocket Option demo
Pocket Option mobile terminal
Pocket Option interface

Platform

The broker has its own trading terminal. The developers focus on reliability and convenience of Pocket Option broker apk. It supports a variety of currencies that can be converted at the current exchange rate. Also, you can quickly switch between possible variations of trading pairs on the platform. The most winning features of the platform:
Social trading
Pocket Option robot allows you to copy transactions of other traders. The client can focus on profitable users and repeat all their trades
Pocket Option signals
You will receive trading recommendations for currency pairs and other assets. Tips are based on indicators available on the company's platform. They work on 12 timeframes: from М1 to H4. But note, these recommendations do not guarantee success
Express orders
The function allows you to conclude deals with a yield of hundreds of percent. To do this, you need to open deals on several instruments at the same time. If the forecasts for each option come true, the speculator makes a profit. If at least one contract is closed with a loss, the rest will not bring profit even if the outcome is successful
Pending order
This feature allows you to test an opposite approach to instant execution. You only need to specify a time point when you wish to enter the market, then you can place a pending contract. Such a trade can be placed by time or by asset price. The possible payout is fixed in advance, so the potential income is known immediately and will not change
Hotkeys
The function allows you to simplify the work with the platform by controlling key parameters using specific keys
Available indicators
Pocket Operation offers 23 customizable technical indicators, including trend detection tools and oscillators. In addition to the usual stochastics and parabolics, there are also less popular ones: Vortex, Schaff Trend Cycle. There are also the following graphical tools - charts, trend channels, Fibonacci levels
Social trading
Pocket Option robot allows you to copy transactions of other traders. The client can focus on profitable users and repeat all their trades
Pocket Option signals
You will receive trading recommendations for currency pairs and other assets. Tips are based on indicators available on the company's platform. They work on 12 timeframes: from М1 to H4. But note, these recommendations do not guarantee success
Express orders
The function allows you to conclude deals with a yield of hundreds of percent. To do this, you need to open deals on several instruments at the same time. If the forecasts for each option come true, the speculator makes a profit. If at least one contract is closed with a loss, the rest will not bring profit even if the outcome is successful
Pending order
This feature allows you to test an opposite approach to instant execution. You only need to specify a time point when you wish to enter the market, then you can place a pending contract. Such a trade can be placed by time or by asset price. The possible payout is fixed in advance, so the potential income is known immediately and will not change
Hotkeys
The function allows you to simplify the work with the platform by controlling key parameters using specific keys
Available indicators
Pocket Operation offers 23 customizable technical indicators, including trend detection tools and oscillators. In addition to the usual stochastics and parabolics, there are also less popular ones: Vortex, Schaff Trend Cycle. There are also the following graphical tools - charts, trend channels, Fibonacci levels
There is no need for Pocket Option broker download, you can trade directly from the browser. Or you can install the Pocket Option broker app on your smartphone.

Types of trades

Pocket Option offers three types of trading:
Fast trade
It allows you to set the exact expiration time of options starting from 30 seconds. In other words, if you want to set the expiration time to exactly 42 seconds, you can do that. If you want the expiration time to be 3 hours 45 minutes and 10 seconds, you can do that too.
Digital trade
Digital trading is basically the same, but expiration dates are preset and range from 1 minute to 4 hours with more intervals in between.
CFDs on MetaTrader 5
If you really want to experience all aspects of real trading with technical analysis, Pocket Option offers you to test Metatrader 5 CFDs on a very large number of assets, including currencies, cryptocurrencies, stocks and indices. Digital options are available on the main MT4 platform, and CFDs are available on MT5, you cannot trade on two platforms at the same time, you can switch between them in a couple of clicks.
Fast trade
It allows you to set the exact expiration time of options starting from 30 seconds. In other words, if you want to set the expiration time to exactly 42 seconds, you can do that. If you want the expiration time to be 3 hours 45 minutes and 10 seconds, you can do that too.
Digital trade
Digital trading is basically the same, but expiration dates are preset and range from 1 minute to 4 hours with more intervals in between.
CFDs on MetaTrader 5
If you really want to experience all aspects of real trading with technical analysis, Pocket Option offers you to test Metatrader 5 CFDs on a very large number of assets, including currencies, cryptocurrencies, stocks and indices. Digital options are available on the main MT4 platform, and CFDs are available on MT5, you cannot trade on two platforms at the same time, you can switch between them in a couple of clicks.

Deposits and withdrawals

You can replenish your account or withdraw earned money in several ways:
using Visa and Mastercard denominated in euros, rubles or US dollars
through electronic systems Webmoney, QIWI Wallet, Advcash, Perfect Money
cryptocurrency ETH, DOGE, BTC, Stellar, ZCASH, Litecoin, DASH, BLK, XMP, EMC, RDD
Pocket Option minimum deposit is $50, and the withdrawal amount starts from $10. No fees are charged for Pocket Option deposit or withdrawal operations.
Pocket Option withdrawal
Pocket Option deposit
Deposits and withdrawals

Сustomer support

Pocket Option does not ignore issues its traders may come across. It supports several communication channels with the platform members. Once you face some technical difficulty during trading, you may report your problem in one of the following ways:
Mobile phone number:
+44 20 8123 4499
E-mail address support email:
support@pocketoption.com
Online form on the official website
Live chat
Mobile phone number:
+44 20 8123 4499
E-mail address support email:
support@pocketoption.com
Online form on the official website
Live chat
According to Pocket Option review, all communication channels work flawlessly. The broker also gives links to pages on social networks - Twitter, Facebook and others.

Platform incentives

Pocket Option has several loyalty programs that are designed to attract new customers and help existing customers to work on the platform.
Bonuses
After Pocket Option login, the trader receives a reward for the first deposit, which gives a 50% bonus when replenishing an account with $50-5000. The money received does not affect the ability to withdraw profits and deposits. But you will be able to withdraw the bonus itself when the total amount of transactions exceeds the amount of funds received by 25 times.
Promo codes
n this competition, a group of participants with the same balance trades on the same asset. The trader with the highest profit wins. There are both paid and free tournaments. Each competition has its own rules of participation, fee and number of prizes. The size of the reward depends on the number of registered traders. Traders with zero balance can also participate in tournaments. At the same time, they have a chance to win up to $125. It is a perfect chance to start making money without investing their money.
High activity rewards
If you actively trade on the platform, you will receive special gems for it. Then, you can exchange this bonus in a built-in market for cashbacks, cancellations of unprofitable transactions, promotions or Pocket Option promo code. It is entirely up to you whether to use this bonus or just ignore it
Bonuses
After Pocket Option login, the trader receives a reward for the first deposit, which gives a 50% bonus when replenishing an account with $50-5000. The money received does not affect the ability to withdraw profits and deposits. But you will be able to withdraw the bonus itself when the total amount of transactions exceeds the amount of funds received by 25 times.
Promo codes
n this competition, a group of participants with the same balance trades on the same asset. The trader with the highest profit wins. There are both paid and free tournaments. Each competition has its own rules of participation, fee and number of prizes. The size of the reward depends on the number of registered traders. Traders with zero balance can also participate in tournaments. At the same time, they have a chance to win up to $125. It is a perfect chance to start making money without investing their money.
High activity rewards
If you actively trade on the platform, you will receive special gems for it. Then, you can exchange this bonus in a built-in market for cashbacks, cancellations of unprofitable transactions, promotions or Pocket Option promo code. It is entirely up to you whether to use this bonus or just ignore it

Earn with Pocket Option

Pocket Option affiliate program allows each user to receive real additional income from the broker's advertising. As a result, you can earn a decent amount. There are three programs to choose from:
Moreover, you can receive a nice bonus for cooperation from $300 to $900. For this, you need to attract 30 or more customers.
Pocket Option affiliate program

Key takeaways

Pros
  • A free demo account which is available without registration
  • A great selection of trading instruments
  • Several types of loyalty programs
  • The ability to earn via affiliate programs
  • Social trading. You can copy the trading algorithms of other traders and receive profit.
Cons
  • Insufficient regulation
Pros
  • A free demo account which is available without registration
  • A great selection of trading instruments
  • Several types of loyalty programs
  • The ability to earn via affiliate programs
  • Social trading. You can copy the trading algorithms of other traders and receive profit.
Cons
  • Insufficient regulation
Despite the fact that the Pocket Option broker appeared on the financial market only a few years ago, it provides clients with a lot of decent offers for getting good profits. Traders admit a well-developed interface of the resource, a lot of payment channels, Pocket option demo trading, the presence of a mobile application. All these features speak in favor of the broker. The platform has done a good job to become competitive in the market. In particular, it provides an exclusive opportunity to learn the basics of digital options trading and offers efficient market analytics on a daily basis.
Pocket Option scam or not?
The broker managed to attract more than 10 million traders to its resource in less than 5 years. It proves that the company works transparently and allows its users to get a stable profit.
Learn more
What is Pocket Option?
It is an online broker that offers binary trading services. Here you will find a great selection of binary options and CFDs. The platform has more than 100 trading assets to choose from. You can also trade on the MT5 terminal via this intermediary.
Learn more
Are Pocket Options safe?
The broker does its best to provide the highest level of security to its customers. Once you are registered on the platform, all your data will be protected with 2-factor authentication and SSL certificate. Besides, the broker is officially regulated by the IFMRRC.
Learn more
Is Pocket Option legal?
The broker is approved by the IFMRRC (International Financial Market Relation Regulation Center). Licenses and certificates are a very important feature when you are looking for an online trading platform. Cooperation with regulated brokers reduces your financial risks.
Learn more
Pocket Option scam or not?
The broker managed to attract more than 10 million traders to its resource in less than 5 years. It proves that the company works transparently and allows its users to get a stable profit.
Learn more
What is Pocket Option?
It is an online broker that offers binary trading services. Here you will find a great selection of binary options and CFDs. The platform has more than 100 trading assets to choose from. You can also trade on the MT5 terminal via this intermediary.
Learn more
Are Pocket Options safe?
The broker does its best to provide the highest level of security to its customers. Once you are registered on the platform, all your data will be protected with 2-factor authentication and SSL certificate. Besides, the broker is officially regulated by the IFMRRC.
Learn more
Is Pocket Option legal?
The broker is approved by the IFMRRC (International Financial Market Relation Regulation Center). Licenses and certificates are a very important feature when you are looking for an online trading platform. Cooperation with regulated brokers reduces your financial risks.
Learn more

GENERAL RISK WARNING:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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