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Pocket Option Review for Beginners

Logo Pocket Option
Top Brokers Overview — United States
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9.1 /10
Highly trusted
How we tested Pocket Option

Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.

Learn more about our methodology and editorial policies.

Pocket Option Pros & Cons

  • Trading binary options and CFDs;
  • A demo mode is available for all account types;
  • Active, social, and algorithmic trading;
  • Spreads are from 1.2 pips for Forex and no fees per lot;
  • Referral program for retail clients;
  • “My Safe” service that provides for crediting 10% per annum on the account balance;
  • Cash back and promo codes for binary option traders;
  • 50% deposit bonus.
  • High spreads;
  • Inconvenient support service hours;
  • Real-time communication with operators is available upon funding the account.

PO TRADE BROKER 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.

TU Expert Verdict

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

I can confidently recommend Pocket Option — it is a highly trusted company that I have personally tested and verified. Its trading conditions and user feedback show that most traders are satisfied, and my own experience confirms its solid and consistently reliable performance.

Pocket Option provides access to trading binary options and CFDs on Forex pairs, stocks, indices, cryptocurrencies, and commodities, with support for both its proprietary platform and MetaTrader 4 and MetaTrader 5 on desktop and mobile devices. With a minimum deposit of $5, traders can choose from Demo, Standard, ECN/Raw spread, and Swap Free accounts, benefiting from spreads as low as 1.2 pips and no deposit, withdrawal, or inactivity fees. The broker also supports social and algorithmic trading features, offers copy trading, and includes a unique "My Safe" service that credits up to 10% per annum on unused balances.

Drawbacks include the lack of cent or micro accounts, only major base currencies available, limited total asset selection compared to major competitors, and Tier-3 regulation under the Mwali International Services Authority, which does not offer investor compensation. Pocket Option may not be suitable for traders who prioritize access to the widest range of assets, the strongest regulatory environments, or the lowest-risk account types, but it can appeal to beginners and cost-conscious traders seeking easy entry and basic passive features.

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Pocket Option User Reviews

Score:
The administration of the website shall not be liable for the accuracy of the reviews and does not have the technical ability to check the reviews for accuracy, as well as establish whether the authors of the reviews are indeed the customers of a specific company. To learn more about how the User Satisfaction score is calculated and how we apply the Customer Satisfaction Score (CSAT) methodology, please read the assessment criteria.
9.1 /10
754 total
  • 5-star
    59%
  • 4-star
    36%
  • 3-star
    5%
  • 2-star
    0%
  • 1-star
    0%
16211 users picked this broker
users picked this company in 3 months
Avatar
Shahnaz Akhter
PRO
1 year ago
PK
Great

None

I tried Pocket Option after my friend made $5k in a month trading there. Sure, I saw some negative reviews on Trustpilot mentioning huge losses, but I figured I'd tried it for myself. I started with the demo account and watched tutorials to get a trading strategy using the Momentum 10 indicator. I watched how the momentum line moved, using spikes as reversal signals. Once I felt I had a decent handle on things, I deposited $200 to start trading for real, but playing it safe with small trades. After practicing on a demo account, I went to live quick trading. Using that momentum strategy on EUR/USD, I got 8 straight wins right out of the gate. In total, around 9 out of every 10 trades were profitable for me. I didn't notice any sketchy chart manipulation or anything like in the other reviews. If concerned about losses, definitely start off small with a lower deposit amount. So far, so good with Pocket Option for me.

Avatar
Eric Mojica
PRO
1 year ago
India
Pocket Option is notably accessible for new traders. It allows a minimum deposit starting from as little as $5, with trades beginning at just $1, depending on your location and payment method—making it one of the most wallet-friendly platforms for entry-level traders.

I decided to try Pocket Option and didn’t regret it – the platform is actually very convenient, even though it doesn’t have TradingView. The charts are decent, there are tons of indicators (I personally like RSI and Bollinger Bands), and everything runs smoothly. The mobile app works great too – you can trade from your phone without any issues.
A couple of weeks ago, I deposited $200 and started with EUR/USD. I caught a bounce off a level using the EMA 50, placed a $30 trade on an upward move – 10 minutes later I got $52. I also made a successful trade on Bitcoin – saw it was overbought based on RSI, placed a $50 trade on a drop, and 15 minutes later walked away with $85.
I’ve withdrawn money twice: the first time $150 to my card (arrived in 2 days), and the second time 100 USDT – it came through in half an hour. Support responds quickly if anything’s unclear.
All in all, if you’re looking for a convenient broker with solid payouts – Pocket Option is a great choice. The key is not to s

Milena Ohanyan
PRO
2 years ago
AM
Easy registration, good trading tools

demo accounts may not reflect the real market situation

I opened an account with Pocket Option in February and was surprised by how easy it is to use the platform. Setting up the demo account was straightforward. It provided access to various trading instruments, such as quick trading, shares trading, forex mt4, and mt5. This allowed me to try different strategies without risking my money. Another thing I liked was the ability to trade popular currency pairs like usdjpy on the demo account, and it comes with a $50,000 balance on the quick trading. There are also indicators like moving averages that are free to use. It helped me understand market movements and execute trades. On the disadvantage, I have observed that demo accounts may not accurately reflect the volatility of live markets. Everyone should be cautious when transitioning to a live account. Overall, Pocket Option demo account is one of the most convenient to use out there but not the most accurate.

  • Image

  • Commissions and Fees

    Score:
    We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
    8 /10

    The trading and non-trading commissions of Pocket Option have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.

    • Low Forex trading fees
    • Tight EUR/USD market spread
    • No inactivity fee
    • No deposit fee
    • No withdrawal fee
    • Complex fee structure

    Trading Fees and Spread

    Below, we evaluated and compared the trading commissions of Pocket Option with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

    Standard Account Spread

    For Standard accounts, Pocket Option’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

    Pocket Option Standard spreads
    Pocket Option OANDA FOREX.com
    EUR/USD min, pips 0.5 0.1 0.7
    EUR/USD max, pips 1.0 0.5 1.2
    GPB/USD min, pips 0.5 0.1 0.9
    GPB/USD max, pips 1.0 0.5 1.4

    RAW/ECN Account Commission And Spread

    The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

    Pocket Option RAW/ECN spreads
    Pocket Option OANDA FOREX.com
    Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2.5 3.5 5
    EUR/USD avg spread 0.3 0.15 0.2
    GBP/USD avg spread 0.3 0.2 0.4

    Non-Trading Fees

    We conducted a detailed analysis of the non-trading fees associated with Pocket Option. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

    Pocket Option Non-Trading Fees
    Pocket Option OANDA FOREX.com
    Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0
    Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0
    Inactivity fee ($, per month) 0 0 15

  • Is Pocket Option Safe?

    Score:
    We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
    4.2 /10

    Pocket Option has a safety score of 4.2/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

    • Is regulated
    • Negative balance protection
    • Track record over 9 years
    • Not tier-1 regulated
    Pocket Option Regulators and Investor Protection
    Abbreviation MISA (Mwali) Full Name Mwali International Services Authority Country of regulation The Comoros Investor Protection Fund No specific fund Regulation Level Tier-3
    Pocket Option Security Factors
    Foundation date 2017
    Negative balance protection
    Yes
    Verification (KYC)
    Yes

  • Account Types

    Score:
    We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.
    7.3 /10

    Pocket Option offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.

    However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

    • Tight spread ECN account
    • Low minimum deposit
    • Swap Free (Islamic) account
    • No VIP account option
    • Micro lots are not available
    Pocket Option account types vs top competitors
    Pocket Option Trading.com Plus500
    Standard
    Yes
    Yes
    Yes
    ECN/Raw spread
    Yes
    No
    No
    Demo
    Yes
    Yes
    Yes
    Cent
    No
    No
    No
    Micro
    No
    No
    No
    Swap Free
    Yes
    No
    No
    VIP
    No
    No
    No
    Managed
    No
    No
    No

    Pocket Option accounts trading conditions

    PO TRADE BROKER significantly expanded the range of its account types in 2023.

    Previously, you could only trade Forex on MT5 and binary options on the proprietary Pocket Option platform. Today, the broker offers MT4 account types and a special account to trade CFDs on stocks.

    Account types:

    Account Type Description
    Quick Trading (QT) This is an account type to trade binary options on Pocket Option’s proprietary platforms.
    Payouts for successful forecasting are 15%-92% subject to the asset.
    Highest payouts are for currencies and stocks.
    MT4 and MT5 This is an account type to trade CFDs, including currency pairs.
    Leverage is up to 1:1000.
    Variable spreads are from 1.2 pips.
    No trading fee.
    Shares Trading This is a special MT5 account type to trade CFDs on stocks.
    Minimum order is 1 lot;
    Leverage is 1:1.
    Spreads start at 10 units of base instrument currency.

    Demo mode is available for each live account type. There are corresponding names in the user account: QT Demo, MT4 Demo, MT5 Demo, and Shares Trading Demo.

  • Deposit and Withdrawal

    Score:
    This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
    7.3 /10

    Pocket Option received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

    Pocket Option provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

    • Bitcoin (BTC) accepted
    • Wise transfers supported
    • No deposit fee
    • USDT (Tether) supported
    • BTC not available as a base account currency
    • Limited deposit and withdrawal flexibility, leading to higher costs
    • Only major base currencies available

    What are Pocket Option deposit and withdrawal options?

    Pocket Option provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Wise, Skrill, Neteller, M-Pesa, BTC, USDT, Ethereum.

    Pocket Option Deposit and Withdrawal Methods vs Competitors
    Pocket Option Trading.com Plus500
    Bank Wire
    Yes
    Yes
    Yes
    Bank card
    Yes
    Yes
    Yes
    PayPal
    No
    No
    Yes
    Wise
    Yes
    No
    No
    BTC
    Yes
    No
    No

    What are Pocket Option base account currencies?

    A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Pocket Option supports the following base account currencies: USD.

    What are Pocket Option's minimum deposit and withdrawal amounts?

    The minimum deposit on Pocket Option is $5, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Pocket Option’s support team.

  • Markets and Tradable Assets

    Score:
    The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria
    6 /10

    Pocket Option offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 40 Forex pairs.

    • Copy trading platform
    • Indices trading
    • Crypto trading
    • No ETFs
    • Limited asset selection

    Supported markets vs top competitors

    We have compared the range of assets and markets supported by Pocket Option with its competitors, making it easier for you to find the perfect fit.

    Pocket Option Trading.com Plus500
    Currency pairs 40 69 60
    Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 100 69 2800
    Stocks
    Yes
    No
    Yes
    Commodity futures
    Yes
    No
    Yes
    Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.
    Yes
    No
    Yes
    Stock indices
    Yes
    No
    Yes
    Options
    Yes
    No
    Yes

    Investment options

    We also explored the trading assets and products Pocket Option offers for beginner traders and investors who prefer not to engage in active trading.

    Pocket Option Trading.com Plus500
    Bonds
    No
    No
    No
    ETFs
    No
    No
    Yes
    Copy trading
    Yes
    No
    No
    PAMM investing
    No
    No
    No
    Managed accounts
    No
    No
    No

  • Trading Account Opening

    Score:
    We evaluated Trading Account Opening at Pocket Option by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.
    9 /10

    We successfully registered an account with Pocket Option in 3 minutes. The KYC verification was completed within 3 business days. The minimum deposit amount at Pocket Option is $5. This is one of the most accessible and hassle-free onboarding procedures on the market.

    • Low minimum deposit requirement
    • Fully online account opening process
    • Fast registration time (up to 15 minutes)
    • Account approval may require extra time depending on the documentation.
    Pocket Option account opening
    Pocket Option Trading.com Plus500
    Online Registration
    Yes
    Yes
    Yes
    Minimum deposit $5 $50 $100
    Mandatory KYC
    Yes
    Yes
    Yes
    Registration time (min) 3 20
    KYC time (days) 3 2 3

    Is Pocket Option available in my country?

    If you are a citizen of United States, the broker accepts clients from your country.

    Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

    Account opening details

    To receive additional bonuses for trading with Pocket Option, open an account with it using the TU referral code. Then open a live account. For this, register with the broker first, and then log into your user account. All these actions are performed on the home page of the website. On the right side of the page, there are registration and authorization forms.

    Traders can access the following options upon authorization:

    • Register a demo or live account.

    • Financial transactions: deposits, withdrawals, My safe, cash back, etc.

    • Analytics, market news, and bonus offers

    • Educational materials, tutorials for novice traders, and communication with technical support.

    Also, advanced statistics on all trades and transactions, a store to buy trading advantages, and 2FA are available here.

  • Trading platforms & tools

    Score:
    This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria
    7.6 /10

    Pocket Option received a score of 7.6/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.

    • Proprietary platform with unique features
    • Free VPS for uninterrupted trading
    • One-click trading
    • Trading bots (EAs) allowed
    • No access to cTrader and its advanced tools.
    • Strategy (EA) Builder is not available
    • No TradingView integration

    Supported trading platforms

    Pocket Option supports the following trading platforms: MT4, MT5, Proprietary platform. This selection covers the basic needs of most retail traders. We also compared Pocket Option’s platform availability with that of top competitors to assess its relative market position.

    Pocket Option Trading.com Plus500
    MT4
    Yes
    No
    No
    MT5
    Yes
    Yes
    No
    cTrader
    No
    No
    No
    TradingView
    No
    Yes
    Yes
    Proprietary platform
    Yes
    Yes
    Yes
    NinjaTrader
    No
    No
    No
    WebTrader
    No
    Yes
    Yes

    Key Pocket Option’s trading platform features

    We also evaluated whether Pocket Option offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

    Supported features
    2FA
    Yes
    Alerts
    Yes
    Trading bots (EAs)
    Yes
    One-click trading
    Yes
    Scalping
    Yes
    Supported indicators 30
    Tradable assets 100

    Additional trading tools

    Pocket Option offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

    Pocket Option trading tools vs competitors
    Pocket Option Trading.com Plus500
    Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.
    No
    Yes
    No
    API
    No
    No
    No
    Free VPS
    Yes
    No
    No
    Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.
    No
    No
    No
    Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.
    No
    No
    No

  • Mobile Apps

    Score:
    This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria
    8 /10

    Pocket Option supports mobile trading, offering dedicated apps for both iOS and Android. Pocket Option received 8/10 in this section, reflecting strong user engagement and well-developed functionality. High ratings, solid download numbers, and the presence of advanced mobile features contributed to the high score.

    • Strong Android user ratings, currently at 4.8/5
    • Solid iOS user feedback, with a rating of 4.8/5
    • Mobile alerts supported
    • Limited features vs desktop

    We compared Pocket Option with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

    Pocket Option Trading.com Plus500
    Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 5,000,000 50,000 10,000,000
    App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 4.8 4.8 4.7
    Google Play score 4.8 4.7 4.4
    Mob. 2FA
    Yes
    Yes
    Yes
    Mob. Indicators
    Yes
    Yes
    Yes
    Mob. Alerts
    Yes
    Yes
    Yes

  • Customer Support

    Score:
    We evaluated Customer Support at Pocket Option by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria
    7.7 /10

    Pocket Option provides generally reliable customer support with access through several contact options. Response times are acceptable, although occasional delays may occur.

    In TU testing, support answered within a reasonable timeframe, and communication was mostly clear. While the overall service is stable, there is room for improvement in speed or consistency.

    Information

    Three live chats are available to all users. These are a general chat in English, a local chat in the trader’s language, and a live chat with technical support. Also, traders can call the broker or send an email.

    • Free communication with other brokers’ clients is available
    • Live chats are available only to registered users
    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:
    MISA, license number T2022086
    Official site https://pocketoption.com/
    Contacts support@pocketoption.com +44 20 8123 4499

Best Pocket Option Alternatives

Trading.com USA
Logo Trading.com USA
Trading.com USA
6.8 /10
Regulation Tier-1
EUR/USD 0.9 pips
Plus500
Logo Plus500
Plus500
6.7 /10
Regulation Tier-1
EUR/USD 0.5 pips
OANDA
Logo OANDA
OANDA
6.7 /10
Regulation Tier-1
EUR/USD 0.1 pips
FOREX.com
Logo FOREX.com
FOREX.com
6.5 /10
Regulation Tier-1
EUR/USD 0.7 pips
Venom by Cobra Trading
Logo Venom by Cobra Trading
Venom by Cobra Trading
6.4 /10
Regulation Tier-1
EUR/USD 0.25 pips

FAQs

How safe is trading with Pocket Option in terms of regulation and investor protection?

Pocket Option has a safety score of 4.2/10, which corresponds to a low security level in this review. It is regulated by the Mwali International Services Authority (MISA) in the Comoros, classified here as Tier-3 regulation, and offers negative balance protection and KYC, but there is no specific investor compensation fund mentioned.

What account types and trading modes are described for Pocket Option in this review?

The review states that Pocket Option offers Demo, Standard, ECN/Raw spread, and Swap Free accounts, but does not provide Cent accounts or micro lots. It also describes specific setups: Quick Trading (QT) for binary options on the proprietary platform, MT4/MT5 accounts for CFDs with leverage up to 1:1000 and variable spreads from 1.2 pips, and a Shares Trading MT5 account for stock CFDs with 1:1 leverage and spreads from 10 units of the base instrument currency.

What do user reviews say about Pocket Option overall?

Pocket Option has a user satisfaction score of 9.1/10 based on 729 reviews, with 59% of ratings at 5 stars and 36% at 4 stars. According to user reviews, overall feedback is mostly positive, with very few low-star ratings reported in this section.

How do reviews describe the account opening process with Pocket Option?

The review notes that an account with Pocket Option was successfully registered in about 3 minutes, with KYC verification completed within 3 business days and a minimum deposit of $5. It describes the process as fully online and relatively fast, while also mentioning that account approval may take longer depending on the documents provided.

What trading platforms and tools does Pocket Option provide, according to this review?

Pocket Option supports MT4, MT5, and a proprietary platform, and the review gives its platforms and tools a score of 7.55/10, indicating an average offering. It mentions features such as one-click trading, support for trading bots (EAs), free VPS, 2FA, alerts, and around 30 indicators, while noting the absence of TradingView, cTrader, and API access.

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