Pocket Option Minimum Deposit And Account Details
Looking to start trading but unsure where to begin? Pocket Option, founded in 2017, has become one of the most popular platforms for new traders with its user-friendly interface, extensive educational resources, and low minimum deposits. Requiring just $50 to open an account, Pocket Option lowers the barrier of entry into the world of online trading. This allows even novice traders to dip their toes into trading binaries, Forex, cryptocurrencies, commodities, stocks, and indices through a regulated and secure platform. With multiple account types tailored to traders' needs, Pocket Option aims to provide an optimal experience for all trading styles and skill levels.
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Are there deposit fees?
No, Pocket Option does not charge any fees for deposits.
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How long does a bank deposit take?
Bank deposits usually take 3-5 business days to process.
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Are there withdrawal fees?
No, Pocket Option does not charge fees for withdrawals.
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Is the platform available on mobile?
Yes, Pocket Option has apps for both Android and iOS devices.
What is Pocket Option Minimum Deposit?
Pocket Option requires a minimum $50 deposit to open a live account. The $50 minimum deposit is one of the most reasonable amounts in the industry.
Nevertheless, a minimum deposit requirement doesn't guarantee that you can begin trading with an account with a low amount. For example, with Pocket Options, the minimum trade value you can enter is, however, $1 per trade. Due to the small size of the account, you’ll have to trade with higher margins to generate acceptable returns. Therefore, your risk is significantly increased.
Pocket Option Minimum Deposit vs Competitors
| Pocket Option | IC Markets | XM | |
|---|---|---|---|
| Minimum Deposit | 50 USD | 5200 USD | 55 USD |
Pocket Option Deposit Methods and Fees
When depositing funds with Pocket Option, you have a choice of several ways to make a deposit into your account. These include:
Cryptocurrency: You can deposit money into your Pocket Option with cryptocurrency. Deposits made with cryptocurrency are typically processed instantly. But keep in mind that you may be charged a fee or have to send a payment in multiple parts if you send funds from a service.
Cards: You can fund your Pocket Option account with a debit/credit card. The currency may vary depending on the region. You will, however, receive your trading account balance in USD (currency conversion applies). Some countries and regions require a full account verification before using the Visa/Mastercard deposit method. Deposit amounts vary as well.
E-payments: If you want an instant deposit option, you may choose to fund your Pocket Option account with an e-payment through a payment service like Advcash.
Bank: There are many ways to make a bank transfer, including local transfers, international transfers, and SEPA.
Pocket Option Deposit Methods vs Competitors
With Pocket Option, you can deposit money via bank transfer, debit/credit card, payment apps, and cryptocurrencies. Let’s take a look at how Pocket Option’s deposit methods stand up against its competitors’.
| Pocket Option | IC Markets | XM | |
|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes |
| Debit/Credit Card | Yes | Yes | Yes |
| Payment apps | Yes | Yes | Yes |
| Cryptocurrencies | Yes | No | No |
Pocket Option Deposit Fees
There are no deposit fees at Pocket Option. However, when transferring funds through debit or credit cards, you might have to pay currency conversion fees.
Pocket Option Deposit - Processing Time
How long it takes for a deposit to process in Pocket Option depends on the payment method you use.
For e-payments and cryptocurrency payments, they’re often processed instantly. For bank transfers, it may take a few business days for the transfer to be received by the broker’s bank. Once the funds have been received, your account balance will be updated.
If you’re using a credit/debit card to find your Pocket Option account, it may take up to 3-7 business days for their bank to process a card payment.
Pocket Option Account Currencies
| Pocket Option | IC Markets | XM | |
|---|---|---|---|
| Account Currencies | USD | USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD | USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR |
Pocket Option currently only offers USD trading accounts. However, withdrawals to your account can be made in any currency, depending on your payment method. You will most likely receive the funds in your account's currency as soon as they are received. You won’t be charged a fee for a withdrawal or a currency conversion when you use Pocket Option. There may, however, be fees associated with the payment system you use.
Is Pocket Option a Scam or Safe?How to Deposit Money On Pocket Option: Step by Step Guide
In the left panel, open the "Finance" section and select "Deposit".
Select a convenient payment method and follow the on-screen instructions to complete your payment. You should be aware that minimum deposit amounts vary depending on your region and the method you choose. There are some payment methods that require you to verify your full account information.
As your deposit amount increases, your profile level will also increase. The "Compare" button lets you see what a higher profile level has to offer.
Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
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.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.