Pocket Option Bonus Programs - TU Expert review
Bonus programs offered are an important factor for a trader when choosing a broker. The companies can make special offers for beginners as well as experienced traders. Bonus programs depend on a specific broker and they can differ substantially. Traders Union analysts have prepared a review of Pocket Option bonus program. You will learn about the available special offers and conditions of the brokers.
Brief introduction of Pocket Option
Pocket Option caters to both Forex and binary options traders, offering a wide range of trading instruments, a copy trading service, and passive income opportunities.
Clients can trade CFDs on currencies, cryptocurrencies, stocks, indices, and commodities with spreads starting from 1.2 pips and no additional commissions per lot. Pocket Option's unique "My Safe" service offers up to 10% annual interest on unused account balances.
While the platform excels in serving active traders, its demo accounts and referral program also offer value to beginners. However, the lack of cent accounts and ECN options could be a drawback for certain professional traders.
| 💻 Trading platform: |
Pocket Option (web and mobile);
MetaTrader 4/5. |
| 📊 Accounts: |
Quick Trading/QT for binary options,
MT4, MT5, and Shares Trading. |
| 💰 Account currency: |
USD
|
| 💵 Replenishment / Withdrawal: |
Bank transfers, bank cards, cryptocurrencies, Skrill, Neteller, AdvCash, Perfect Money, and other e-wallets
|
| 🚀 Minimum deposit: |
$5
|
| ⚖️ Leverage: |
1:1000 for MT4/MT5;
1:1 for options on the in-house platform. |
| 💼 PAMM-accounts: |
No
|
| 📈️ Min Order: |
0.01 lots for currencies, cryptos, and commodities;
0.1 lots for oil and indices; 1 lot for stocks; $1 for binary options. |
| 💱 Spread: |
1.2 pips for MT4/5
|
| 🔧 Instruments: |
Binary options and CFDs on currency pairs, cryptos, indices, stocks, and commodities
|
| 💹 Margin Call / Stop Out: |
30%/50%
|
| 🏛 Liquidity provider: |
No
|
| 📱 Mobile trading: |
Yes
|
| ➕ Affiliate program: |
Yes
|
| 📋 Orders execution: |
Market for Forex
|
| ⭐ Trading features: |
Free signals;
Forex account types without additional fees. |
| 🎁 Contests and bonuses: |
Deposit bonus;
Cash back; Tournaments; Promo codes; Gem mining, etc. |
Pocket Option Pros and Cons
👍 Advantages of trading with Pocket Option:
•MetaTrader provides for trading binary options and CFDs;
•A demo mode is available for all account types;
•To register, you may use your Google email or Facebook/Google account;
•Active, social, and algorithmic trading is available on MT4 and MT5 accounts;
•Spreads are from 1.2 pips for Forex and no fees per lot;
•Referral program for retail clients with rewards of up to 50%-80% of the referee’s income;
•“My Safe” service that provides for crediting 10% per annum on the account balance not involved in trading;
•Cash back and promo codes for binary option traders;
•50% deposit bonus.
👎 Disadvantages of Pocket Option:
•The broker offers neither cent accounts for novice traders to test strategies and advisors, nor ECN accounts with near zero spreads for professional traders;
•Real-time communication with operators is available upon funding the account.
What kind of bonuses are there?
Forex brokers can offer a wide variety of bonuses.
The main types of bonuses are:
-
Welcome Bonus. Traders can receive additional funds for registration and for making the first deposit.
-
No Deposit Bonus. Brokers provide this kind of reward to the clients for just registration.
-
Deposit Bonus. This is a reward for each deposit made to the account.
Also, brokers may hold various promotions and prize draws that are valid for a specific period of time. In addition, some companies hold competitions among traders with a certain prize pool.
Brokers similar to Pocket Option
In addition to bonuses, you need to also take into consideration trading conditions. Traders Union analysts have prepared a comparison of Pocket Option with similar brokers. In this analysis, traders can learn in detail the trading conditions of Pocket Option and compare these conditions with competing brokers.
Comparison of Pocket Option with other Brokers
| Pocket Option | RoboForex | Exness | FBS | XM Group | |
|---|---|---|---|---|---|
Trading platform |
Pocket Option, MT5, MT4 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MobileTrading |
MT4, MT5, MobileTrading, XM App |
Min deposit |
$5 |
$10 |
$10 |
$1 |
$5 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
Spread |
From 1.2 point |
From 0 points |
From 1 point |
From 0.2 points |
From 0.6 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
$5 |
No |
Cent accounts |
No |
Yes |
No |
Yes |
Yes |
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.
XM Broker is a broker for professional trading. Trading conditions correspond to the average market; there are technical advantages that distinguish XM Broker from its competitors.
Comparison of bonus programs of brokers similar to Pocket Option
Many brokers have bonus programs, not only Pocket Option. You can choose the most suitable option, depending on your trading experience and needs. Traders Union analysts have prepared a comparison of bonus programs of Pocket Option and similar companies.
| Bonus type | Pocket Option | RoboForex | Exness | FBS | XM Group |
|---|---|---|---|---|---|
Bonuses |
Welcome bonus 50% when opening a real account |
Welcome bonus $30 Classic first deposit bonus up to 120% |
Not offered |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
up to $5000 forex bonus, up to 100% forex deposit bonus |
Affiliate Program |
Two types of programs: partner and representative. Commission from profit - up to 80% |
Up to 40% of trading commissions |
40% of trading commissions |
No |
Multi tier affiliate program |
Other |
Tournaments with a minimum deposit of 1 USD and a prize pool of 100-250 USD. There are free tournaments |
No |
No |
By activating the option in the personal account, a trader can receive a cashback of up to $15 per lot |
No |
Conclusions
Pocket Option Bonus program is well developed. The broker offers a large number of various incentives for the clients. There are special offers for beginners and for experienced traders. The bonus program looks attractive also when compared to the competitors. Therefore, if a client is looking for a broker with a good bonus program, Pocket Option is certainly a broker to consider.
FAQs
What do I need to take notice of when choosing a broker?
When choosing a broker, consider the conditions the broker offers. They may turn out to be unacceptable. Also assess the size of the bonus and the rules for its withdrawal.
Is it possible to withdraw bonus money?
It depends on the conditions of the broker. Some brokers allow traders to do it under certain conditions, and some allow to use the bonus only for trading, while also allowing to withdraw only profit earned with the use of bonuses.
Can I refuse to accept a bonus?
Yes. Refusing a bonus is a trader’s right. If the conditions are unacceptable for you, there is no sense in agreeing to them.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.