Pocket Option Review 2021
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Attention!
Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.
Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:
Summary of PocketOption Trading Company
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.
We work with accounts only through the Traders Union website.
👍 Advantages of trading with PocketOption:
- low threshold for entering the market; the first deposit starts at $5;
- social trading platform generates passive income.
👎 Disadvantages of PocketOption:
- not licensed by any reputable regulator;
- to trade Forex through MetaTrader 5, you need to deposit at least $1,000;
- identity and phone verification are mandatory;
- lacks quality training;
- all accrued bonuses expire when an application for funds withdrawal is made if the conditions for increasing the trade turnover are not met;
- withdrawal procedure is too slow;
- Support service responds within 24-48 hours, which is also too slow.
Overall
Pocket Option is an unregulated broker focused on cooperating with professional traders who do not need training or additional bonuses.
Visit PocketOptionTop 3 PocketOption Customer Reviews
I started working with Pocket Option by chance. Once I stumbled upon its website I found that access to the web platform is free. So, I decided to test it. The terminal is convenient: it has a lot of indicators, including oscillators. There are also tools for graphical analysis, from simple horizontal lines up to the possibility to impose Fibonacci levels on the chart. Trading was going well. But then I decided to withdraw the profit and the problems began. I was asked to scan copies of documents — although I uploaded them before the account replenishment. Okay, I’ve uploaded documents again. It took over a week to verify the information, and then another week to replenish the deposit.
The Pocketoption.com broker imposes too many strange things. Here are some crystals, promotional codes, achievements, and points for experience — just like in some kind of game. You have to fight for each bonus as it is impossible to withdraw them easily. The Pocket Option support service is problematic. Sometimes I waited for an answer for several days and sometimes I did not get it at all. I consider this company not to be serious, but perhaps novice traders will be interested in it.
I haven’t been on Pocket Option.com, for long, only about 3 months. I like their terminal and everything seems to be done pretty nicely. Quotes are not drawn; the platform works without freezing. Video tutorials and trading webinars are absent. I haven’t withdrawn cash yet, because for now, I’m working with a deficit, not with a profit. But, perhaps, it’s not the broker’s fault, but my lack of experience and knowledge. I believe I need to trade a while longer to understand whether this broker fits me or not.
Pocket Option Latest Comments for 2021
The reviews by customers of the PocketOption indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of PocketOption published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
Pocket Option has many advantages. For example, it finally introduced MT5 and offers fast speed transactions. I have never noticed a quote "drawing” during 3 months of trading here. I don't know who its liquidity provider is, but the quotes are real (except for OTC, but that's another story). Problems arose when I decided to withdraw the money. I was waiting for a few days and then I asked the manager for help. It turned out that the finance department rejected my request for withdrawal because Pocket Option does not cooperate with my bank. The manager asked for another account, and the money was credited to my balance within two hours. My problem was solved, so I'm staying with this broker for now.
I began binary options trading 2 months ago. I tried to work with several brokers and decided on Pocket Option. The company strives to make the trading process as clear and convenient as possible. It has developed its own terminal. Its functionality is so simple that even a novice trader can figure it out. There are many bonuses and various rewards. It even has its own Market to buy boosters to improve your trading. The returns percentage is high, the terminal is convenient, and the withdrawal works, so I'm staying with Pocket Option for now.
I opened an account with Pocket Option a few weeks ago. I just copy the transactions of other traders and do not risk trading for myself for now. Before independent trading, I am going to study trading theories in detail and learn how to analyze the market. In general, I found the Pocket Option trading conditions to fit me. I trade in cryptocurrency and the broker has a fairly high payout percentage. Soon, I’ll try to withdraw the money, and if there are no problems, I will continue to trade here. Perhaps, I will even start inviting other traders to get affiliate rewards.
I chose the broker Pocket Option on the advice of a friend who has been trading binary options for over two years. Before, I only invested in trust accounts and did not trade myself. I listened to a professional trader due to my inexperience. But my trading with Pocket Option somehow went awry. At first, I downloaded the terminal to my smartphone, but it was constantly freezing, so I had to install the desktop version. After that, the platform started to work a little faster, but it still threw an error message. I believe I should look for another broker because Pocket Option has disappointed me.
Pocket Option is full of its own schticks. I think that in this way they are trying to attract more customers. They give crystals, points for experience, and promotional codes, but I still don't understand how to use them. I think that they are not of much use, but cashback is a useful feature. I'll figure it out later because for now, I'm focused on trading. I connected trading signals and want to compare if they correspond to reality. Although I already have a profit: I earned about $30 during 2 months of trading.
I decided to test the Pocket Option web terminal. I didn’t want to clog the core memory on the computer and I’m not used to using the phone for work. In general, the terminal works steadily and the functionality is simple. There are no odd buttons here to confuse novice users. I just barely figured out all the bonuses and promo codes, because the broker has its own customer reward system. I can't say yet that Pocket Option has the best trading conditions because I opened my account just 2 weeks ago. I am not going to make a final conclusion on the broker's service until I withdraw the money. For now, I am saving up my profit to withdraw a large amount at once.
Pocket Option has good enough conditions for trading stocks, but you should be aware of exactly what kind of assets to choose. The payout percentage ranges from 17% to 92%, so be careful when trading instruments. I managed to earn only $50 during 4 months of trading with Pocket Option. I don't trade daily, but I still find this profit margin too small to choose Pocket Option as a principal broker. I cooperated with a few more companies at the same time and earned several times more there. I will close my account because I will never get a decent profit here.
Video Review of PocketOption
Expert Review of PocketOption
The Pocket Option broker is popular among traders who trade binary options due to its FMRRC certificate. 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.
Analysis of the Main Features of this Binary Broker
Dynamics of the Popularity of PocketOption
in 2020 among the Users of the Traders Union
Investment Programs, Available Markets and Products of the Broker
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 [email protected] by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal 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.
Rebate and Discount Programs of the Traders Union for PocketOption
In terms of the affiliate program, the Traders Union gets a part of their commission from brokers, and then pays 80% of this amount to traders fulfilling just a few conditions, such as: the trader is registered on the Traders Union website, opened an account with a broker using a special referral link of the Union and has already started trading. The Traders Union pays compensation for the spread or commission in the form of a rebate for each completed transaction after the start of trading.
Try it! You’ll like this!Trading Conditions for PocketOption Users
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.
$5
Minimum
deposit
From 1:1 up to 1:1000 (only for Forex through MT5)
Leverage
8/5
Support
| 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 |
Comparison of PocketOption with other Brokers
| PocketOption | IqOption | Binary.com | ExpertOption | Binomo | |
| Trading platform |
MT5, Web, Mobile | IQ Option | Webterminal | Digital-options | private trading terminal |
| Min deposit | $50 | $10 | $5 | $50 | $10 |
| Trading instruments |
currency | Forex, goods, indexes, stock | indexes, Forex, goods, stock, random index | no | indexes, stock, currency pairs / CFD, goods |
| Signals | No | Yes | No | No | Yes |
| Analytical support |
No | Yes | Yes | No | Yes |
| Training | No | Yes | Yes | No | Yes |
| Additional tools |
Chat support, Copy Trading tool | Return of the fixed percent from deal at the unsuccessful forecast | premature closing | No | No |
Broker comparison table of trading instruments
| PocketOption | IqOption | Binary.com | ExpertOption | Binomo | |
| Forex | Yes | Yes | Yes | No | No |
| Metalls | No | Yes | Yes | No | No |
| Crypto | Yes | No | No | No | No |
| CFD | No | Yes | Yes | No | No |
| indexes | Yes | No | No | No | No |
| Stock | No | No | No | No | No |
| ETF | No | No | No | No | No |
| Options | Yes | Yes | Yes | Yes | Yes |
Commissions & Fees PocketOption
Pocketoption trading conditions were analyzed by Traders Union analysts for the presence of commissions. There are no hidden commissions. There is no commission for the trading account replenishment. Only Perfect Money (0.5%) and the bank making the transfer withhold a commission for withdrawing funds. Withdrawals using other electronic payment systems and cards are free of charge.
| 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 |
| PocketOption | $0.5 | Medium |
| Binomo | $2 | High |
| Binary.com | $0 | Low |
Pocket Option clients pay the withdrawal commission solely using Perfect Money system and bank transfer. There is no commission fee when choosing other withdrawal methods.
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.
How to Start Making Profits — Guide for Traders
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.
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.
Bonuses Paid by the Broker
Welcome bonus.
This bonus is in the amount of 50% of the first replenishment. It is available when depositing from $50 to a trading account.
It is from 20% up to 50% from the replenishment amount
The exact amount of remuneration depends on the amount of the replenishment. The minimum deposit to get this bonus is $50.
Promo codes
Promos allow you to get various bonuses, for example, for account replenishment.
Cashback
Cashback is accrued if the total amount of losses is more than the profit for the previous month or from the activation date. The maximum cashback percentage is 10%.
Bonus from Traders Union.
The Traders Union rebate service allows traders to reduce spread costs accrued by the broker. To become a partner of the Union - just register on the Traders Union website, to obtain a refund of a part of the spread. Next, choose a reliable broker from our ratings list and go to its website using the Traders Union referral link. Get a refund of a part of the spread for each completed trade — both profitable and unprofitable, after opening an account and starting trading. If you are an existing trader, you will find detailed instructions on how to link your existing brokerage account to the Traders Union account.
Investment Education Online
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.
Security (Protection for Investors)
Information
The Pocket Option.com broker is part of Gembell Limited, certified by the FMRRC, the Financial Market Relations Regulation Center, under the number TSRF 0395 AA Vv0141.
The FMRRC is not a government organization, and its certificate cannot be considered an official license that allows Pocket Option to carry out brokerage activities.
👍 Advantages
- Each client of the broker can complain or ask a question to the specialists of the FMRRC
- Availability of a compensation fund covering the losses of traders in case of bankruptcy of the company or force majeure situations
- FMRRC requires the licensees to adjust a modern security system to the site to guarantee the protection of information and the safety of client funds
👎 Disadvantages
- There is no reason for FMRRC to certify any broker
- The customers aren't protected from a negative balance
- The FMRRC certificate is just an electronic document and not a license
- Go through verification to deposit and withdraw funds
Withdrawal Options and Fees
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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.
Customer Support Service
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
| Registration address | Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960 |
| Regulation |
IFMRRC Licence number: TSRF RU 0395 AA Vv0158 |
| Contacts |
Email:
[email protected],
Phone: +44 20 8123 4499 |
Review of the Personal Cabinet of Pocket Option
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.
Tags:
pocket option pocketoption pocketoption com pocket option brokerThe Oldest Reviews of the PocketOption
The reviews by customers of the PocketOption indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.
Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of PocketOption published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.
I decided to trade with Pocket Option because of the low minimum deposit and high payout percentage. Unfortunately, I found the broker to be unacceptable. At first, I selected a broker from the Top 5 and connected to the social trading platform; it was constantly dumping the deposit. I decided to try trading on my own, but so far, I am also working in the red. Quotes are displayed incorrectly and the web terminal constantly freezes. I don’t know how other traders manage to make money here. As for me, I can't, although I can do analysis and follow the market news.
I’ve been trading with Pocket Option for a short time. I didn’t like the trading conditions nor the quality of service. There is technical support but it answers the questions selectively. Once and again I had to wait for a response for over 24 hours. The liquidity provider is not mentioned on the website, and the reason is the quotes are not consistent with reality. Frequently, at the moment of expiration, the plugs go to the opposite price from the transaction, so you won't be able to profit here. I’ve blown my account deposit for several weeks, so there is nothing to withdraw.
I opened a real account with Pocket Option a month ago. For now, I like everything: the platform is convenient and functional, the quotes are fair and there are bonuses. The only thing I dislike is the slow operation of technical support. Online chat is not online at all because they don’t answer immediately but within a day. As a novice trader I couldn’t figure certain things out. So at first, I asked many questions and naively waited a long time for an answer. Now I have already realized that it is easier to call if there are problems. In general, I am satisfied with the trading conditions and the set of assets, so I'm staying with this trader for now. I hope there will be no problems with the withdrawal.
The Pocket Option broker offers are fine, but I believe that the income from options trading depends largely on the responsibility of the trader himself. Always remember that this type of trading is associated with poor risks to lose the entire deposit. Get a bundle of knowledge on this topic before opening an account. I started trading with Pocket Option empty-headed, considering binary options to be some kind of game. I spent my money very quickly. But then I studied theory and analysis, and then everything went well. I think that I had to start by copying transactions and would have lost much less money.
I opened a demo account with Pocket Option because I wanted to test the broker's service. The platform’s interface is very simple, even for a novice trader. For reference, I also downloaded a mobile application, but it is no different from the desktop version. The only significant difference is that the mobile terminal freezes very often, although I have never had problems with Internet speed. If this is so on the demo, how can I trade using a real account? I think that it is unreal to get a decent income with such a technical base.
The Pocket Option broker has both advantages and disadvantages. The broker offers a very convenient trading terminal and various schticks, such as tournaments, bonuses, promotional codes, and cashback. There is also a social trading platform with its own best signal providers and ratings. The lack of a license to carry out brokerage activities is a real disadvantage. Yes, the company was certified by the Financial Market Relations Regulation Center, but the MetaTrader 5 is not a legal regulator. Pocket Option does not have a compensation fund, so clients' funds are not protected at all. I cannot trust such a broker implicitly, so after trading on a demo account, I’ve found another intermediary.
I opened an account with Pocket Option 6 months ago. For now, the minimum deposit has been reduced to $5, but I believe that it is impossible to earn decent money with such a balance. You should replenish your account with at least $50, besides you’ll also get a 50% bonus. Certainly, you can’t earn without training, but if you study theory and practice constantly, then you can really make money. By the way, Pocket Option runs free tournaments where you can get rewards without any investment. Withdrawals take up to 5 days but can be as little as 2-3 hours.
Author of this Review
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FAQs
Do reviews by traders influence the PocketOption rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about PocketOption you need to go to the broker's profile.
How to leave a review about PocketOption on the Traders Union website?
To leave a review about PocketOption, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about PocketOption on a non-Traders Union client?
Anyone can leave feedback about PocketOption on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
Why is it more profitable to work with PocketOption through Traders Union?
Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.
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