Pocket Option Review 2024

Pocket Option broker operates as one of the prominent Binary platforms with more than 500 million dollars of trading volume. This company has reached over 10 million registered users within two years since its inception, through offering more than 100 trading instruments and over 50 payment methods. Also, you can trade on a demo account at Pocket Option with $50,000 of virtual money. Read this review for more details and benefits related to the platform.

Pocket Option Company Information

Pocket Option is a financial technology company that burst onto the scene in 2017, founded by a team of IT and FinTech specialists with a clear mission: to make the trading experience more fun and convenient for anyone. Now, this platform has more than 100,000 active users from over 95 countries, with $850+ average trader income per month.

This Binary platform is mainly focused on Binary Option trading, and most of its users use it for this purpose. Some of its top features are as follows:

• Social trading
• Trading tournaments
• Pending orders
• "MT5" integration for forex trading

Summary

Let's take a bird's-eye view of what this Binary Options broker brings for the traders. Here, you can see a table showing a summary of its specifications.

Account Types

Pocket Option offers various levels and types of accounts for users and traders. We will briefly discuss every level here:

• Novice Trader: Perfect for beginners with balances under $100 and a $1,000 transaction limit.
• Beginner: Starting from $100, this account offers express orders, trading achievements and lottery of crystals.
• Experienced: Starts at $1,000, offering a wider range of instruments and up to 2% profitability boost with access to  greater variety of positions.
• Master: For those with $5,000+ with, providing up to 4% profitability boost and refunds on trades with a 1 pip difference (up to $10).
• Professional: Requires $15,000+, offering up to 6% profitability boost, refunds on trades with a 1 pip difference (up to $50), and a personal account manager.
• Expert: Requiring at least $50,000, boosting up to 8% profitability boost, refunds on trades with a 1 pip difference (up to $100), priority withdrawals, and premium perks.
• MT5 Forex: Tailored for MetaTrader 5 enthusiasts, available for Experienced, Master, Professional and expert accounts, with a $1,000 minimum deposit.
• Islamic (Swap-Free): Designed for Muslim traders, complying with Sharia law by eliminating interest-based financing.

All account types grant access to the platform's social trading features, rewards programs, and a good range of trading instruments. The minimum deposit across most accounts is $5.

Registration and Verification

Getting started with Pocket Option could be as easy as it gets. However, the verification part needs more work to do. Here's a step-by-step guide to help you get into this platform:

1. After entering the website, a registration form is seen on the right side of the page (red rectangle);
2. Enter your email address and create a strong password. Alternatively, use your Google or Facebook account for a quick registration;
3. Click on [SIGN UP] button (orange rectangle) to proceed.

Verification guide on Pocket Option:

• Click on the profile photo on the top right corner of the dashboard.

For email verification:

• After clicking on the first link you will see a prompt with [Confirm your email address] button;
• Click on the button, then check your inbox. Remember to check your spam folder, too.

For identity verification:

• After you have clicked on the second link you will see the [PROFILE] section on your screen;
• Fill in the fields with the required information;
• Submit the necessary ID and address documents;
• Wait for your account to be reviewed and confirmed by Pocket Option.

Commission and Fees

One of the helpful features of the mentioned platform is its transparent and competitive fee structure. Here's what you need to know:

• No commissions on trades
• No deposit fees
• No withdrawal fees
• No inactivity fees
• No account maintenance fees

The only potential fees you might encounter are currency conversion fees if you deposit or withdraw in a currency other than your account currency. However, Pocket Option's wide range of payment methods makes it easy to avoid these fees altogether.

Regarding trading, the platform offers competitive spreads and zero overnight/swap fees for positions held overnight. This 0% commission trading applies across all asset classes, including forex, commodities, stocks, indices, and cryptocurrencies.

What are the Options in Pocket Option Binary Cabinet?

Cabinet features in a binary Option broker can be so important for traders and users who want to trade in a customized way. PocketOption cabinet important features:

• Flexible Trading Options: Choose from quick and digital trading, express trades, and Forex MT5. Some other features like copy trading and pending orders are also available.
• Comprehensive Education: You can get help from tutorials, guides, and various trading strategies on this platform.
• Diverse Trading Instruments: Over 100 global trading assets, including currencies, commodities, and stocks.
• Demo Account: Practice risk-free with virtual funds before diving into real trading.
• Loyalty Programs: Engage in trading competitions with regular bonuses, gifts, promo codes, and contests.
• Advanced Trading Tools: Access technical analysis tools, popular indicators, and signals to refine your strategy.

Indicators and Oscillators in Pocket Option Platform

You can access over 30 indicators in this broker's cabinet. Some of the most useful ones include:

• Moving Averages
• CCI
• Relative Strength Index (RSI)
• Bollinger Bands
• MACD (Moving Average Convergence Divergence)
• Stochastic Oscillator
• Momentum
• Ichimoku Kinko Hiyo

These indicators and oscillators can be customized and applied to various timeframes, allowing traders to analyze market trends, identify potential entry and exit points, and manage risk.

Payment Methods

Pocket Option offers a wide array of payment Options for traders from different regions and parts of the world. We will discuss them more in the following parts.

Deposit Methods

• Credit/Debit Cards (Visa, Mastercard)
• Bank Transfers
• Cryptocurrencies (Bitcoin, Ethereum, Tether, etc.)
• E-wallets (Perfect Money, FasaPay, Webmoney, etc.)
• Mobile payment Options (Mpesa, Airtel, etc.)

The minimum deposit to open a real money account is $5, but you can start trading with only $1 once your account is funded. Withdrawals are processed in the same currency as your initial deposit, with Pocket Option handling any necessary currency conversions at the current exchange rate.

One of the standout features of this platform's payment system is the absence of deposit or withdrawal fees from their end. However, it's worth noting that third-party payment providers may charge their own fees.

Withdrawal Methods

Withdrawal methods are almost the same as deposit Options, meaning you can use every payment system mentioned above in order to withdraw your funds from your account on the Binary platform.

Are Copy Trading and Social Trading Tools Available in Pocket Option?

In fact, the copy trading feature in this broker is offered under the name "Social Trading". You can access this service through your personal cabinet in the platform.

Users can view performance metrics of successful traders and automatically copy their trades. This helps you increase your profit, but is still involved with risk.

This Option benefits both novice and experienced traders:

• Beginners can learn from successful traders and potentially profit from their expertise.
• Experienced traders can attract followers and potentially earn additional income from their trading skills.

Trust Scores

Is Pocket Option legit? Trust scores for this company are mixed, reflecting the diverse experiences of its users. Reading users' reviews can help us decide which Binary platform to trust with our funds and money. In the next parts, we will discuss peoples' opinions published on these reliable websites:

• REVIEWS.io
• Trustpilot

Score in REVIEWS.io

The mentioned platform has achieved a solid place on the website, getting 4.9 out of 5 based on over 2,800 scores. However, Reviews.io states that based on some "indications", the company might be encouraging only positive reviews from users. Therefore, this rating might not be accurate.

Score in Trustpilot

On Trustpilot, Pocket Option maintains a 4-star rating based on over 2,900 reviews. Many customers on this website praise the platform for its:

• Reliability
• Swift withdrawals
• Transparent practices

However, it's important to note that some negative reviews exist (over 20% of the reviews are 1-star), primarily concerning withdrawal issues or account closures. The Binary Options platform has addressed these concerns, stating that they don't block accounts without proper grounds and are committed to resolving issues promptly.

Customer Services and Support

Undoubtedly one of the most important aspects of every platform that is involved in people's funds is the support and help center. Regarding this matter, Pocket Option is not the best. in the next parts, contact information and work hours for this Binary platform's support is discussed in more detail.

Support Contact Information and Methods

There are several ways to contact this company's support team, and they are not always the fastest to answer. You can contact them through these parameters:

• Email: support@PocketOption.com
• Phone number: +44 20 8123 4499
• Live Chat: through the website

Support Work Hours

While trading on this Binary platform, you can get help from the support team from Monday to Friday from 8:00 to 16:00 (GMT). After 16 or on the weekends, you could send them your message, then wait for an answer at the above mentioned time.

TF Expert Suggestions

In this article, we reviewed the Pocket Option. With this Binary Options platform, you can have leverage up to 1:1000 and more than 90% maximum return. There are six different account levels on this platform. MISA regulates Pocket Option under license number [T2023322], which is not considered reliable. However, almost all binary Options brokers are not regulated by top-tier authorities.