Pocket Option Broker Review 2024

Pocket Option is a reliable broker based in Marshall Islands that has been providing services since 2017. This broker is famous for delivering world-class services for binary options traders. But did you know Pocket Option also provides Forex and shares trading?

In this Pocket Option review, we'll go through what makes Pocket Option stand out from the crowd, exploring everything from its innovative features to its regulatory status.

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:

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. It’s 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:

Pocket Option Registration and Verification

Here's your step-by-step guide to registering an account in the Pocket option:

1. Visit the Pocket Option website and click on "Registration;"
2. Choose registration via email, Facebook, or Google;
3. Confirm your email address;
4. Enter your identity information, including name, date of birth, email, and phone number;
5. choose your country of residence;
6. Upload identity verification documents (ID, passport, driver’s licence, or residence permit);

7. Upload your proof of address documents (utility bill, government-issued document).

Pocket Option Trading Platforms and Applications

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:

1. Log in to your Pocket Option account;
2. Navigate to the deposit section;
3. Select your preferred payment method;
4. Enter deposit amount and other neccessary information;
5. 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 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, doesn’t 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.

TF Expert Suggestion

Pocket Option has over 6 years of experience offering a user-friendly platform with a wide range of assets (over 100), including Forex, commodities, stocks, indices, and cryptocurrencies. This broker has a $5 minimum deposit and provides 3 different trading platforms, including a proprietary platform, MetaTrader 4, and MetaTrader 5.

However, the lack of major regulatory oversight and geographical restrictions may be a deal breaker for some. Traders should compare Pocket Option’s offerings with those of other brokers and see if this broker provides what they need before creating and funding an account