Pocket Option Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $5
- MT5
- MISA
- It is possible to connect to trade signals
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $5
- MT5
- MISA
- It is possible to connect to trade signals
Our Evaluation of Pocket Option
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Pocket Option is one of the top brokers in the financial market with the TU Overall Score of 9.65 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Pocket Option clients on our website, Traders Union expert Anton Kharitonov believes he can recommend this company as the majority of reviews prove that the broker’s clients are fully satisfied with the company.
Pocket Option is an unregulated broker focused on cooperating with professional traders who do not need training or additional bonuses.
Brief Look at Pocket Option
The Pocket Option broker is part of Gembell Limited holding, which was founded by a group of professionals seasoned in trading and investment activities. The company is mass-market requirements-based, therefore, it provides quality services to binary options trading in the OTC market access. The broker strives to make the trading process as simple, clear, and convenient as possible. For this reason, Pocket Option has developed a unique trading platform to ensure stable trading for traders and investors.
- low threshold for entering the market; the first deposit starts at $5;
- social trading platform generates passive income.
- not licensed by any reputable regulator;
- to trade Forex through MetaTrader 5, you need to deposit at least $1,000;
- support service responds within 24-48 hours, which is also too slow.
TU Expert Advice
Financial expert and analyst at Traders Union
The company's clients are paid up to 92%, get access to many bonuses offers, and a profitable affiliate program. Thanks to unique rewards, traders can increase their profile level and purchase resources in Pocket Option's own Market store to increase your profitability while trading.
The brokerage company Pocket Option.com has developed a unique system that enables traders to reduce the loss of a failed transaction. You can purchase crystals to cancel a losing transaction in the Forex market. There are special promotional codes on the website from the broker and also from its partners. Pocket Option offers a variety of options for depositing and withdrawing funds with zero or minimal fees.
The company's website is quite informative and is translated into 22 languages. There is no market analysis, expert articles, or training materials, so a novice trader has to search elsewhere for the missing information.
- You are a beginner looking for a platform with a low entry barrier. The minimum deposit for Pocket Option's user accounts is $5, allowing trades from $1. No fees are charged for deposits and withdrawals.
- You are interested in passive income with automation capabilities. The company has its own copy trading service available 24/7. Collaboration between signal providers and investors is flexible, allowing investors to be offline.
- Flexibility in various collaboration aspects is a priority for you — from choosing accounts to deposit/withdrawal options. Pocket Option offers a demo and six user accounts, providing dozens of deposit and withdrawal options, including currency pairs, stocks, cryptocurrencies, and commodities.
- International regulation is conceptually crucial for you. Pocket Option is regulated by two organizations — FMRRC and MISA — neither of which is globally recognized, possessing only local competencies.
Pocket Option Summary
Your capital is at risk. CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
| 💻 Trading platform: | МТ5, proprietary platform |
|---|---|
| 📊 Account types: | Demo, Novice trader, Beginner, Experienced, Master, Professional, Expert |
| 💰 Account currency: | USD |
| 💵 Replenishment / Withdrawal: | Bank transfer, WebMoney, Perfect Money, Payeer, Advcash, Jeton, VLoad, Visa, Mastercard, and Maestro cards |
| 🚀 Minimum deposit: | $5 |
| 📈️ Min Order: | $1 |
| 🔧 Instruments: | Currency pairs, commodities, cryptocurrency, OTC (currency, commodities, stocks) |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| ⭐ Trading features: | It is possible to connect to trade signals |
| 🎁 Contests and bonuses: | Welcome bonus, bonus for replenishment, cashback, and promo coupons |
Pocket Option trading conditions are classic for the binary options market. You can trade currency pairs, stocks, commodities, and cryptocurrencies using a web platform, designed with the inherent characteristics of working with options in mind. The minimum initial deposit for all accounts is $5, but hereinafter the balance should be from $100 to $50,000 (depending on the profile). The minimum bit is $1.
Pocket Option Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Milena Ohanyan 
Verified
AM Yerevan 
Easy registration, good trading tools
demo accounts may not reflect the real market situation
Defilia Ajuma Otwani
Verified
KE Nairobi
Once i learned using bollinger bands i earn money easily because i get to trade when the market is loud.
So far so good
SHANAJ
Verified
BD Feni
good site pocket option
Support service providers
chandima wasanthi
Verified
LK Colombo
friendly support serive
not any weakness
PL Bydgoszcz
Trading Account Opening
Visit the official website of the company and open a trading account to start trading with the Pocket Option broker. To open an account you must go through:
Register on Pocket Option’s website by clicking the "Quick registration" button and a registration form will open. Specify an e-mail address and create a password. Click the "Start trading in one click” button and the system will redirect you to the trading platform, where you can immediately try your hand at a demo account.
Verification in the system. Enter the personal account after registration. Select the type of trading account in the "Trade" section of the menu. To open an account for trading on Forex enable the "Experienced" profile and replenish the deposit for at least $1,000. Next, confirm your email, phone number, and go through verification.
The following is available in the Pocket Option personal account:
Also, other useful functions will be available in your personal account:
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availability to select a trader to copy transactions. The ranking of users with the best transactions is updated in real-time;
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access to the general chat portal of the company's clients;
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access to the Market to acquire additional trading tools and benefits;
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a section with information on available promo coupons and the amount of cashback accrued;
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communication with technical support, access to the User’s Manual and customer reviews.
Regulation and Safety
Information
Pocketoption.com is part of Infinite Trade LLC regulated by MISA (Mwali International Service Authority), license number T2023322.
Learn more about safety Pocket Options here.
Advantages
- Availability of a compensation fund covering the losses of traders in case of bankruptcy of the company or force majeure situations
Disadvantages
- The customers aren't protected from a negative balance
- Go through verification to deposit and withdraw funds
Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Novice trader | No | Yes, when withdrawal with Perfect Money |
| Beginner | No | Yes, when withdrawal with Perfect Money |
| Experienced | No | Yes, when withdrawal with Perfect Money |
| Master | No | Yes, when withdrawal with Perfect Money |
| Professional | No | Yes, when withdrawal with Perfect Money |
| Expert | No | Yes, when withdrawal with Perfect Money |
| MT5 Forex | From 1.1 pips | Yes, when withdrawal with Perfect Money |
Pocket Option automatically opens swap-free accounts to all its clients without the need to change any settings or contact support. We also made a comparative analysis of withdrawal fees from Pocket Option.com and other binary options brokers. Please find the comparison results for this below.
| Broker | Average commission | Level |
|---|---|---|
|
$2.5 | |
|
$10 | |
|
$7 |
Account Types
Pocket Option offers 7 types of accounts with a minimum deposit of $5. Social trading, gifts with magnificent prizes, unlimited total amount, a number of open transactions, and the ability to chat with other traders are available on all accounts. Accounts differ with the acceptable level of the minimum balance and additional options. If you want to learn how to make money on Pocket Option, read the Traders Union article.
Types of accounts:
There is a demo account that allows you to practice trading, try out new strategies, and explore the platform's capabilities without loss of tangible assets.
The Pocket Option broker offers a wide variety of trading accounts for traders of any experience with binary options and Forex.
Deposit and Withdrawal
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Withdrawal requests are processed on queue discipline during business hours and within 1-3 business days.
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Pocket Option does not charge a fee for replenishment and withdrawals. We should keep in mind that banks and the Perfect Money system charge a withdrawal transaction fee.
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There are several options for money withdrawal: bank transfer, WebMoney, Perfect Money, Payeer, Advcash, Jeton, VLoad, Visa cards, Mastercard, Maestro.
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The minimum withdrawal transaction size is $10.
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When withdrawing to e-systems, money is credited instantly. When using a bank transfer, the withdrawal term can be up to 5 business days.
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The client generates a request to withdraw funds in the account currency. If the transfer currency differs from the account currency, the broker converts it at the exchange rate set by the company at the moment of withdrawal.
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Withdrawal and replenishment currency: USD.
Investment Options
Pocket Option allows independent trading and to copy transactions of successful traders. The broker grants access to a social trading platform, which allows investors to get passive income.
Social trading is an investment offer from Poсket Option
Pocket Option’s social trading is a platform for tracking and copying trades of traders worldwide. An investor can select one or more signal providers from the top traders and add them to the watch list. You can choose a trader for copying by top transactions on the platform, by one asset, or by profitability among all transactions on the platform.
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Copying transactions of other traders is available within 10 seconds from the moment of their execution. Order parameters, such as time frame and payout size, are copied exactly to the original order — in a 1:1 ratio.
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The "Copy proportionally" parameter allows you to adjust the parameters of the copied transaction relative to the original one. For example, if you specify “40%” in the settings when copying a transaction of $100, the investor will open a transaction for $40.
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The "Stop Balance" function allows you to set the funds level on the account when copying shall be stopped.
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The investor can specify the minimum and maximum transaction amount to copy to diversify the possible risks.
All clients of the broker can copy transactions, regardless of their account type. Upon condition that trading is profitable, any trader can make it to the top rating and broadcast his own trading signals to interested investors.
Important!
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Pocket Option affiliate program:
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“Affiliate” — from 50% to 80% of the brokerage profit for the trade of each referral attracted.
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“Regional Representative” — partner remuneration up to $15 from each referral transaction and 10% of the sub-partners income.
The broker offers an advanced commission system with passive long-term income. The partner gets bonuses from an invited client's first replenishment of the deposit; also for commissions for trading activity. A trader can also take part in special contests with monetary rewards.
Customer Support
Information
The broker's support service is ready to help from Monday to Friday from 10:00 AM to 6:00 PM (GMT+2).
Advantages
- Online chat and phone support
- Multilingual support
Disadvantages
- Doesn’t work on weekends and after 6:00 PM
- There is no way to order a callback
There are several ways to contact customer support:
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by phones, as indicated on the site;
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via email;
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online-chat on the broker’s website;
Support is available on the broker's website and in a personal account.
Contacts
| Foundation date | 2017 |
|---|---|
| Registration address | Republic Of Costa Rica, San Jose- San Jose Mata Redonda, Neighborhood Las Vegas, Blue Building Diagonal To La Salle High School |
| Regulation |
MISA
Licence number: T2023322 |
| Official site | pocketoption.com |
| Contacts |
+44 20 8123 4499
|
Education
Information
There is a "Training" section on the Pocket Option website, but it is not informative enough. Find more information in the "FAQs" sub-section of the "Help" section. There is practically no information about Forex trading.
The broker allows opening a demo account, which allows you to improve on your trading skills without financial risks.
Comparison of Pocket Option with other Brokers
| Pocket Option | Binarium | Binary.com | QUOTEX | Intrade Bar | IQ Mining | |
| Trading platform |
MT5, Web, Mobile | Binarium | WebTrader, Mobile | Mobile MT4, Web platform, Browser platform | Mobile MT4, WebTrader | Proprietary web platform |
| Min deposit | $5 | $5 | $5 | $10 | $10 | $50 |
| Trading instruments |
currency | indexes, Currencies, Cryptocurrencies | indexes, Forex, goods, stock, random index | currency pairs / CFD, indices, Cryptocurrencies, Commodities | Currency pairs | Binary options, CFDs on currency pairs, Cryptocurrencies, stock |
| Signals | No | No | No | No | Yes | No |
| Analytical support |
No | No | Yes | No | Yes | No |
| Training | No | No | Yes | No | Yes | No |
| Additional tools |
Copy Trading tool | No | premature closing | No | No | No |
Detailed Review of Pocket Option
Pocket Option offers its clients simple and understandable binary options trade terms, and also makes it possible to trade on Forex. You can trade with popular and exotic currency pairs, commodities, cryptocurrencies, American and European companies’ stocks. The broker also offers its proprietary platform, the intuitive interface that allows you to trade even without studying all the capabilities of the terminal in detail.
A few figures that could be interesting for traders choosing a broker:
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over 100 trading instruments.
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the maximum amount of payments is 92%;
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7 real trading accounts for clients with different experience and capital.
Pocket Option is a broker for novice and professional binary options traders
The payment size for binary options from the broker depends on the trading asset selected. The interest for currency pairs is 32-91%; 36% is for commodities; and 10-40% for cryptocurrencies. The payments for interests for OTC are: 79-92% for currencies; 96% for commodities; and 17-92% for shares. You can simultaneously keep open any number of trading transactions for any available expiration date of the asset class selected on a trading account. The interaction time in normal market conditions is 0-4 seconds.
Clients use the proprietary platform of Pocket Option as a convenient terminal that is available in desktop, mobile, and web versions. For Forex trading, the broker provides the well-known MetaTrader 5 platform. It is possible to open only one trading profile with a broker.
Useful Pocket Option Services:
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The “Market”. This is a specific section of the personal account, where you can buy tools to increase your trading profitability (for example, a bonus on the balance, a promo code for a bonus when replenishing an account, etc.);
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“Lottery of crystals". Active weekend users can take part in the automatic crystals drawing for free. Further, they can be used to purchase various trading bonuses;
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"Crystal mining". This function allows you to get crystals for copying transactions of other traders. For each copied transaction you will get 1 crystal fragment, you can pay them for various trading advantages in the Market;
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“Trading signals”. Recommendations for binary options trading, based on technical analysis of the financial assets’ marketable value.
Advantages:
minimum deposit available;
availability of social trading;
a variety of bonus offers, contests, and tournaments for clients.
The company offers binary options with different expiration times, from 1 minute to 4 hours.
User Satisfaction