Pocket Option broker provides Forex and CFD trading services with variable spreads from 1.2 pips, leverage up to 1:1000, and $0 commissions on MetaTrader 4 and MetaTrader 5 trading platforms.
This broker has over 50 payment methods with $0 commission on deposits and withdrawals.
Pocket Option Broker Company Information and Regulation
Pocket Option burst onto the scene in 2017, founded by a team of IT and FinTech specialists with a vision to revolutionize the online trading experience. Here are key information about the Pocket Option broker:
- Founding location: Marshall Islands
- Founding company: Gembell Limited
- Regulation status: Regulated by Mwali International Services Authority (license number T2023322)
Pocket Option Broker Summary of Specifications
Let's break down the details of what Pocket Option offers:
Broker | Pocket Option |
Account Types | Quick Trading (for binary options trading) MT4, MT5 (Fore Forex trading) Shares trading |
Regulating Authorities | MISA |
Based Currencies | $USD |
Minimum Deposit | $5 |
Deposit Methods | Visa/MasterCard, USDT, Bank wired, Perfect Money, Skrill, Neteller, Webmoney, crypto |
Withdrawal Methods | Visa/MasterCard, USDT, Bank wired, Perfect Money, Webmoney, crypto, Skrill, Neteller |
Minimum Order | 0.01 lot |
Maximum Leverage | 1:1000 |
Investment Options | Signal bot, social trading |
Trading Platforms & Apps | MT4, MT5, Pocket Option platform |
Markets | Binary options, Forex, indices, commodities, cryptocurrencies, shares |
Spread | Floating from 1.2 pips |
Commission | No |
Orders Execution | Market |
Margin Call/Stop Out | 30%/50% |
Trading Features | Demo account, free signals |
Affiliate Program | Yes |
Bonus & Promotions | Deposit bonus, cashback bonus, promo codes, gem mining, tournaments |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Email, live chat, phone |
Customer Support Hours | 24/7 |
Restricted Countries | USA, France, Canada, Australia, UK, and more |
Pocket Option Broker Accounts
Pocket Option offers a versatile trading experience that supports various account types, including:
Quick Trading
The Pocket Option Quick Trading account offers a fast and efficient way to trade binary options assets with minimal delay. Itās designed for users looking for short-term trades, allowing quick decisions and rapid profits of up to 92%.
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) CFD Trading Account
Pocket Option designed this account type for CFD trading, including currency pairs, cryptocurrencies, indices, and commodities. Key features of this account:
- Spread: Variable from 1.2 pips
- Commission: No commission
- Leverage: up to 1:1000
Shares Trading
This account is designed for traders who want to buy and sell various stocks in excellent condition. Key features of this account type:
- Leverage: 1:1
- Spread: variable from 10 units of the base instrument
- Minimum order size: 1 lot
- Trading platform: MT5
It is also worth mentioning that Pocket Option offers demo accounts for beginner traders who want to start their trading journey without the risk of capital loss.
Pocket Option Advantages and Disadvantages
Let's weigh the pros and cons of trading with Pocket Option:
Advantages | Disadvantages |
Low Minimum deposit ($5) | Lack of major regulatory oversight |
Multiple Payment methods | Lack of variety in account types |
1:1000 maximum leverage | |
Wide range of tradable instruments |
Pocket Option Registration and Verification
Here's your step-by-step guide to registering an account in the Pocket option:
- Visit the Pocket Option website and click on "Registration;"
- Choose registration via email, Facebook, or Google;
- Confirm your email address;
- Enter your identity information, including name, date of birth, email, and phone number;
- choose your country of residence;
- Upload identity verification documents (ID, passport, driverās licence, or residence permit);
- Upload your proof of address documents (utility bill, government-issued document).
Pocket Option Trading Platforms and Applications
like many other Forex broker, Pocket Option offers various trading platforms to suit every trader's needs:
Proprietary Pocket Option Platform
This platform is exclusively designed for trading binary options: key features of this platform:
- User-friendly interface
- Quick trade execution
- Various indicators and technical analysis tools
MetaTrader 4 (MT4)
MetaTrader 4 (MT4) is a widely used trading platform known for its advanced technical analysis, customizable charts, and automated trading capabilities through Expert Advisors (EAs). Important features:
- Industry-standard platform
- Advanced charting and analysis tools
- Ideal for Forex and CFD trading
MetaTrader 5 (MT5)
MetaTrader 5 (MT5) is a multi-asset trading platform that offers advanced trading tools, enhanced charting, and support for more asset classes compared to MT4.
- Next-generation platform
- Enhanced analytical capabilities
- Suitable for a wider range of markets, including stocks
Pocket Option Trading Costs (Spreads and Commissions)
When it comes to costs, Pocket Option fees are competitive:
- Spreads: Starting from just 1.2 pips
- Commissions: No commissions on deposits or withdrawals
- inactivity fee: 0
These tight spreads allow traders to access markets on favorable terms, maximizing potential profits. Remember, while low costs are attractive, always consider the overall package, including platform reliability and customer support, when choosing a broker.
Pocket Option Broker Deposit & Withdrawal Overview
Pocket Option offers a wide range of payment options to suit trader's preference:
- Payment Method
- Credit/Debit Cards
- Fasapay
- Crypto
- USDT
- Bank transfer
- Webmoney
- Perfect Money
- Skrill
- Neteller
Key Points:
- Minimum Deposit: $5
- Minimum Withdrawal: $10
- Processing Time: Quick, often within 24 hours
- Fees: No commission on deposits or withdrawals
Here's a quick guide for depositing funds to your Pocket Option account:
- Log in to your Pocket Option account;
- Navigate to the deposit section;
- Select your preferred payment method;
- Enter deposit amount and other neccessary information;
- Complete the deposit process.
Copy Trading & Investment Options Offered on Pocket Option Broker
Pocket option investment options are mainly focused on binary options trading. These include:
- Signal trading with Pocket Option Telegram signal bot
- Expert advisors (EAs) on MT4 and MT5
- Social trading
Pocket Option Broker Markets & Tradable Symbols
Pocket Option offers various trading options:
- Forex: Major, minor, and exotic currency pairs
- Cryptocurrencies: Bitcoin, Ethereum, Ripple, and more
- Stocks: CFDs on shares of global companies
- Indices: Trade major stock market indices
- Commodities: Oil, gold, silver, and agricultural products
Pocket Option Bonuses and Promotions options
Pocket Option knows how to sweeten the deal for its traders:
- Deposit bonus: 50% deposit bonus on the first deposit
- Promo code: 50% bonus for $50 minimum deposit
- Cashback: Get up to 10% cashback on your traders
- Referral Program: Earn commissions by inviting friends to join
- Gem Mining: Unique feature allowing traders to earn additional benefits
Remember, while bonuses are attractive, always read the terms and conditions carefully. Some bonuses may come with trading volume requirements before withdrawal.
Pocket Option Broker Support Channels
When it comes to customer support, Pocket Option offers different channels, including:
- Support Desk: Built-in system for submitting inquiries
- Community Help Forum: Connect with other traders and find answers
- Phone Support: +44 20 8123 4499
- Live Chat: Available for registered users
- Email Support: support@pocketoption.com
Pocket Option Broker Support Channels
When it comes to customer support, Pocket Option offers different channels, including:
- Support Desk: Built-in system for submitting inquiries
- Community Help Forum: Connect with other traders and find answers
- Phone Support: +44 20 8123 4499
- Live Chat: Available for registered users
- Email Support: support@pocketoption.com
Pocket Option Restricted Countries
While Pocket Option aims to be a global platform, regulatory constraints mean it's not available everywhere. List of Pocket Option banned countries:
- Europe: Denmark, Estonia, France, Finland, Greece, Germany, Luxembourg, Hungary, Ireland, Italy, Lithuania, Latvia, Romania, Sweden, Spain, Malta, Slovenia, Slovakia, Poland, Portugal, Netherlands, Malta, Cyprus, Czech Republic, Croatia, Bulgaria, Belgium, UK, Austria
- Asia: Japan
- North America: USA, Canada
- Australia
Pocket Option Trust Scores & Reviews
The trading community has mixed opinions on the Pocket Option. Trustpilot, a reliable website for sharing and reading reviews on different platforms, doesnāt show Pocket Option's score due to a breach of guidelines. This concerns many traders since user reviews are one of the best ways to gather information about a platform.
Pocket Option Affiliate Program
Pocket Option has a great and excellent program for traders with a vast following. Key features of this affiliate program are:
- Up to 80% commission on profits generated by referrals
- Global accessibility
- Diverse commission models (Revenue sharing, CPA)
- Advanced marketing tools provided
- Weekly payouts
- 24/7 support for affiliates
The Pocket Option referral program is a great way to earn extra money besides trading in financial markets.
Pocket Option Broker Education Materials
Pocket Option is committed to trader education, offering a wealth of resources:
- Trading Strategies: Learn various approaches to market analysis and trade execution
- Fundamental Analysis: Understand how economic factors influence markets
- Technical Analysis: Master chart reading and indicator usage
- Forex Glossary: Familiarize yourself with trading terminology
- Risk Management: Learn how to protect your capital and maximize returns
Whether you're a complete novice or looking to refine your skills, Pocket Option's educational resources have something for everyone.
TF Expert Suggestion
Pocket Option broker offers excellent Forex and shares trading services for over 100 instruments on its MT4/MT5 Real and Shares Trading Real accounts.
However, due to regulatory restrictions, brokersā services are not available in various countries such as the USA, France, Cyprus, Canada, and Germany, making this broker unsuitable for many traders.
