Read the Pocket Option review by TrustedBrokersList.Com to check out whether Pocket Option is legit or a scam, get to know about Pocket Option minimal deposit fees, withdrawal, bonuses and other details here.
Pocket Option, owned by Gembell Limited, emerged in the world of binary options trading in 2017 and has made a splash in the market ever since. Based in the Marshall Islands, the broker is regulated by the International Financial Market Relations Regulation Center (IFMRRC).
While binary options trading often gets a bad rap due to the high risk involved, Pocket Option is one of the most trusted brokers in the industry. Creating an account is easy and the platform works well for both new and experienced traders.
With over 130 assets available for trading and a variety of payment methods to suit international investors, Pocket Option offers trading opportunities to thousands of people around the world. This Pocket Option review will help you decide if you want to be one of them, as we go over the types of accounts you can get, their assets, and other special features of the platform.
Pocket Option: A Brief Guide
- Regulation: IFMRRC
- Minimum deposit: $50
- Minimum trade: $1
- Bonus: 50%
- Payments: 128% maximum
- Trade types: high / low, turbo
- Number of assets: 100+
- Commercial platform: Web, Windows, iOS, Android
- Social trading: Yes
- Demo account: Yes
- US and UK Merchants: Accepted
How to use Pocket Option
The Pocket Option intuitive platform allows novice and experienced traders to take quick trades while earning higher payouts than most other brokers. It offers bonuses beyond the initial 50 per cent, which means you have plenty of opportunities to increase your earnings.
Signing up with Pocket Option is easy and you can even test the platform with a demo account before committing to it. No matter where you use the Pocket Option, you will have equal access to all its features. Pocket Option is known as a trusted, reliable and responsible broker for your binary options trading.
Types of trading
Pocket Option offers only one type of trading. However, the one it offers is the fastest way to get an impressive payout.
Pocket Option simplifies trading with high / low options, which is the simplest of all types of binary options trading. All you have to do is set a time limit and predict whether the price of the asset at the end of time will be higher or lower than when you started the clock.
The high / low options generate an almost instant payout, ideal for traders looking to make quick money. If you are not familiar with how binary options work, high / low options can help you develop your technique with short time limits. You can set your time to a minimum of 30 seconds. If you like to play the long game, you can set the expiration to up to four hours.
Pocket Option is known in the binary options market for having high payouts. The lowest you can get is 50 percent, while your average is much higher. You can generally expect to get 80-100 percent pay for successful high / low predictions.
The Pocket Options website claims that you can get payouts of up to 218 percent, which is practically unheard of. Even the top binary options brokers generally only declare up to a maximum of 200 percent on payouts.
Note that high / low trading, in general, gives you higher payouts than most other types of binary options trading, such as straight / pair options. Trading 60-second high / low options can introduce you to the Pocket Option platform and increase your account balance in minutes. However, it is essential to be cautious with high / low options, as too many failed trades can quickly put you in the red.
When you open a real account with Pocket Option, they will give you a 50% deposit bonus on your initial investment. The more you deposit as an initial investment, the higher the 50 percent bonus.
The problem is that you cannot withdraw the bonus before you start trading. Since some investors may get the idea that they can sign up just to withdraw that bonus along with their initial investment, Pocket Option requires that you must first participate in the trading market. After reaching your specified trading level, you can withdraw the bonus.
Pocket Option: Demo account
If you are concerned about going all-in with a real account on Pocket Option, you can try their demo account. You don’t even have to register with them to use it. You can simply go to their website and click on the Demo Account button to get $ 10,000 in virtual funds that you can use to trade.
Even if you are an experienced investor, it is a good idea to test the demo before committing to real money. After all, if you decide that you don’t like the platform, whether it is too simple or less intuitive than you would like, it is much easier to ditch the practice account than it is to withdraw all your funds and close a real account.
On the other hand, if you are new to binary options trading, the practice account will give you enough experience to understand if you want to continue doing so. Plus, with the easy-to-use Pocket Options platform, you’ll quickly find out if you can handle something more complicated, or prefer to keep things efficient and simple.
Mobile Apps: iOS and Android
While the main platform for Pocket Option is on the web, the broker also has versions for mobile devices and for PC. The ITTrendex, LLC mobile app is available for both Android and iOS, so no matter what type of device you have, you can keep up with market news on the go.
The Pocket Option mobile applications have the same features as the online platform. Because the platform is already so simple, it translates well into mobile commerce. The process is the same with the high / low options, and the interface is quick to install and get up and running. The app is free, so you don’t have to worry about any additional expense for wanting to take your investments with you.
The iOS app only requires iOS 11.0 or later, so you can also use it on an iPad or iPod touch. If you have Android, you will need Android 4.4 or later. Pocket Option really gives you a lot of options on how, when and where you want to trade; Even if you expected tiered accounts, you still have other areas where you can tailor your experience.
Pocket Option offers a variety of 100+ assets that are divided into five categories:
- Raw Materials
As a newer broker, Pocket Option entered the binary options market with many of the most popular assets, including cryptocurrencies like Bitcoin and Ethereum. Other brokers have left them off their asset lists, excluding a wide demographic of tech-savvy traders.
On the Pocket Option website, you will find the trading schedule, which lists the assets that are currently being traded, as well as the payout percentage for each. The schedule also shows general and OTC assets and working time for each.
Deposits and withdrawals
Deposits and withdrawals are as simple as the Pocket Option interface. Once you have signed up on their website, verified your payment type, and provided valid identification, you can start with the minimum deposit of $ 50 or more.
To fund your account, you can use a variety of payment types, from credit cards to cryptocurrencies. Pocket Option accepts almost any major form of payment, including:
- Bitcoin cash
While these are the most commonly used options, there are more. You will have no problem depositing or withdrawing funds regardless of your preferred method.
Also, the withdrawal minimum is much lower than the deposit minimum. Instead of $50, you only have to withdraw $10 for a valid transaction. Unlike some brokers, they will not be charged a commission or fee for these transactions. Everything you withdraw is exactly what will go into your bank account or card.
However, be careful with currency conversions. Some banks charge a fee for those, so if you’re looking to make a hefty profit, make sure you know about the additional fee outside of the Pocket Option platform.
Pocket Option’s Special features
Pocket Option has tons of special features to enhance your trading experience. With a real account, you have access to features like:
Social trading is one of the most useful features of Pocket Option, especially for new traders. It allows you to keep an eye on the trading habits of other investors and see which ones produce successful results. Once you find the most skilled traders, you can learn to emulate their trades to get better odds on yours.
Pocket Options tournaments allow you to compete against other merchants for prizes. It is not like social trading as the latter is not a competitive deal, but you will still be able to see how it compares to other operators.
In tournaments, you have the opportunity to win prizes and achievements. The prizes vary, but some can earn you up to $ 50,000 in your account that you can then use to trade.
When you earn achievements through tournaments, they are more than just a fancy badge to show off your trading prowess. Achievements can be as useful as those $50,000 in prizes. Plus, you get business advantages.
You can get a percentage payout bonus, trading funds and other benefits that allow you to improve your trading experience and increase your chances of making a profit.
Pocket Option Indicators and Signals
As you watch the market, Pocket Option shows you when it changes and when prices increase or decrease. Signals and indicators keep you updated on when you will get the most out of a potential trade.
Pocket Option 50 USD No Deposit Bonus
Pocket Option Offers the opportunity to start trading with Pocket Options 50 USD No deposit bonus right away on your platform! Read the bonus terms in advance.
Pocket Option also offers the opportunity to get a 100% bonus on your first deposit amount, with a minimum deposit of $50.
You will have no problem connecting to Pocket Options customer service, as all of your contact information is easy to find on their website. They provide 24/7 customer service, and their phone number, email, and address are available on Pocket Option’s contact page.
You can also find them on various social media platforms, including Instagram, Facebook, Twitter, and others. They even have a live chat system on their website, so all you have to do is open it up and get started.
If you have a general question but don’t have time to chat, you can fill out the contact form on the website..
To contact them by phone, email or at their physical address, use the information below.
Phone: 1 (800) 982-1251
Pocket Option: Pros and Cons
When you are thinking of trying a new binary options broker, you need to make sure that it has enough features to give you the best trading experience you can get. What does Pocket Option have that sets it apart from the rest?
- More than 100 assets to trade
- Instant deposits and 24-hour withdrawal processing
- Social trading, tournaments and achievements.
- 50 percent deposit bonus with your initial investment
- $1 minimum trades
- Demo account without registration commitment
- Available in 22 languages
- Accepts US merchants.
- Regulated and reliable
Despite its appeal with tons of assets and special features, Pocket Option is not without its problems. Let’s see what could prevent you from trading with them.
- High / Low is the only type of a trade
- A comparably poor choice of trading options
- Unlicensed by the Cyprus Securities and Exchange Commission (CySEC)
Pocket Option FAQ
Is Pocket Option a Scam?
No, Pocket Option is not a scam. It’s definitely a legit broker. Nevertheless, there is always risk in trading, and some good brokers turn into bad brokers over time. That is the reason why you should always divide your capital between several brokers, this way a broker who leaves the market will not be able to take all of your capital from you at once.
Is Pocket Option legal in the USA?
Yes, Pocket Option is legal in the USA, UK, as well as Europe, Asia and Africa (including India and Nigeria). Pocket Option is available worldwide.
Pocket Option promo codes – where can I get them?
Yes, you can check for Pocket Option promo codes at the Pocket Option website (Finance – Promo).
Pocket Option promo codes and coupons are also easy to find on the Web, i.e. here.
The Best Pocket Option Strategy for Beginners
This is a 3-minutes strategy, the best to be used on Pocket Option. Be sure to try this on DEMO account first.
- Press Trading and choose the Digital Trading Account
Pocket Option trading account
2. Press the Indicators button in the top menu and choose the two oscillators:
- Awesome Oscillator
- Stochastic Oscillator
3. Look for the boundaries overpassed by the Stochastic Oscillator
4. When the same wave is shown by the Awesome Oscillator, it will happen in the trade. Start at the right peak (or down) moment, and you’re in the money.
P.S. Use one-minute candles and 3 (or 5) minutes expiry for a trade
See the full expert tutorial video for the best Pocket Option strategy 2021!