8.4/10 (Expert Score)
Company is rated as #5 in category Forex Brokers

Pocket Option review: PocketOptions.com refer to the various investment options available to investors who want to trade on Pocket Option, a binary options trading platform. The platform is an online trading platform that offers its users access to a range of financial instruments, including currencies, stocks, and commodities. The platform provides investors with a user-friendly interface, a wide range of trading tools, and various investment options that suit different investment preferences.

Pocket Option also offers digital options, which are similar to binary options but offer more flexibility in terms of expiration time and payout. With digital options, investors can choose the duration of the contract and the level of payout they want to receive. They can also exit the trade early if they feel the market is moving against them.

In addition to these investment options, Pocket Option also offers social trading, which allows investors to follow and copy the trades of successful traders. Social trading is an excellent option for investors who don't have the time or expertise to analyze the markets themselves but want to take advantage of the opportunities presented by the markets.

Awards:

award

In 2019, Pocket Option won the IAFT Awards for Best Binary Options Broker.

award
award

In 2020, Pocket Option was recognized as the Best Broker for Binary Options Trading by Forex Awards.

award
award

Also in 2020, Pocket Option was named the Best Binary Options Broker by the International Financial Awards.

award
πŸ’΅ Currency:USD, EUR
πŸ’° Min deposit$10 or equivalent in EUR
βš–οΈ Leverageup to 1:500
πŸ’± SpreadFloating from 0 pips
πŸ’Ή MarketsForex, Stocks, Indices, ETFs, Soft Commodities,
Energies, Metals, Cryptocurrencies
πŸ“± Mobile appsiOS, Android
πŸ—ΊοΈ HeadquartersRepublic of the Marshall Islands
Advantages:
  • Low minimum deposit requirement
  • High leverage up to 1:2000
  • Wide range of markets available
  • User-friendly trading platform
Disadvantages:
  • Limited regulatory oversight
  • No support for MetaTrader platforms
  • Limited educational resources
  • Limited customer support options
  • Does not provide service to residents of the EEA countries

Overall Pocket Option Review

In conclusion, Pocket Option offers a range of investment options that cater to different investment preferences. Whether you're a new or experienced trader, the platform's user-friendly interface, demo account, and trading tools make it an excellent option for trading on financial markets.

Go to Pocket Option website

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Geographic Distribution

Geography of clients (traders) of Pocket Option

Top Reviews

Best customer reviews of Pocket Option

The site administration cannot guarantee review accuracy and lacks the technical means to verify if authors are actual customers. Reviews lacking detail and purely emotional in nature are disregarded.

The platform offers a wide range of markets to trade, including Forex, stocks and cryptocurrencies, and the trading tools are convenient and easy to use. The mobile apps are also a great feature as they allow me to trade on the go. I also appreciate the low minimum deposit requirements and high leverage, which allowed me to increase my trading positions with a relatively small investment.

Aiden Davis
Aiden Davis
India

I have mixed feelings about Pocket Option. On the one hand, the trading platform is easy to use and provides access to a wide range of markets. On the other hand, I have encountered a lack of customer support. It can be difficult to get a response from support, and when I do get one, the solutions are often not very helpful. Overall, I am happy with the platform itself, but customer support could be improved.

Julian Campbell
Julian Campbell
USA

I had a terrible experience with Pocket Option. I lost a significant amount of money trading binary options, and when I tried to withdraw my remaining funds, I encountered numerous obstacles. The withdrawal process was slow and cumbersome, and customer service was unresponsive and unhelpful. In addition, the lack of regulatory oversight is troubling and I would caution other traders to be careful when trading on this platform.

Patrick Schmid
Patrick Schmid
Germany

Expert Review

Expert Review of Pocket Option

As a financial expert, I have reviewed the reliability of Pocket Option, a binary options trading platform. My analysis includes several factors that are important for determining the reliability of a trading platform.

First, I examined the regulatory oversight of Pocket Option. While the platform is not regulated by any major financial authority, it is based in Belize, which has a business-friendly regulatory environment. However, traders should be aware of the potential risks involved in trading on an unregulated platform.

Second, I evaluated the security measures employed by Pocket Option to protect its users' personal and financial information. The platform uses SSL encryption to ensure the security of user data, and funds are held in segregated accounts to protect them in the event of a financial crisis.

Third, I assessed the reliability of the platform itself. The platform offers a user-friendly trading platform with a wide range of markets available for trading. The platform also provides fast execution and competitive pricing. Additionally, the mobile apps for iOS and Android allow traders to access the markets from anywhere at any time.

Overall, while there are some concerns related to the lack of regulatory oversight, Pocket Option appears to be a reliable platform for trading binary options. However, traders should be aware of the potential risks involved and exercise caution when trading on this platform.

Roman_Mukhin
Roman Mukhin
Financial expert and analyst at TradersHero.com

Trading on Pocket Option involves significant risks, and traders should be aware of these risks before investing in the platform. Binary options trading, in particular, is known to be a high-risk investment, where traders can potentially lose their entire investment if the market moves against them. Additionally, the high leverage provided by Pocket Option can increase the risk of loss, as it allows traders to increase their trading positions with a relatively small investment.

Copy Trading

Investment Programs

Social trading is a popular feature on many trading platforms, and Pocket Option is no exception. The platform offers a social trading feature known as Copy Trading, which allows traders to follow and automatically copy the trades of experienced traders, also known as Signal Providers. This feature is designed to help less experienced traders benefit from the expertise and success of other traders, potentially improving their own trading performance.

Pocket Option Signals is the social trading feature on the platform that allows traders to follow and copy the trades of more experienced traders, also known as Signal Providers.

One of the benefits of Copy Trading on Pocket Option is the transparency and accountability of Signal Providers. All Signal Providers are required to use their real trading accounts, and their performance metrics are updated in real-time. This allows followers to make informed decisions about which Signal Providers to follow based on their trading history and current performance.

In conclusion, Copy Trading on Pocket Option is a popular feature that allows less experienced traders to benefit from the expertise of more experienced traders. The platform provides transparency and accountability, allowing followers to make informed decisions about which Signal Providers to follow. However, traders should exercise caution and conduct proper due diligence before participating in social trading, as it involves significant risks.

how to use the Pocket Option Signals
Here are the step-by-step instructions for using the Signals feature on Pocket Option, with a short title for each step:
Access Signals
Log in and go to the “Signals” tab.
Browse Signal Providers
Review the profiles of Signal Providers and their performance metrics.
Choose a Signal Provider
Follow a Signal Provider by clicking the “Follow” button.
Set Parameters
Customize your investment amount per trade and other parameters.
Start Copying Trades
Trades of the Signal Provider will be automatically copied to your trading account.

Note: It is important to conduct proper due diligence and employ proper risk management techniques when using the Signals feature on Pocket Option.

Remember, while social trading can offer opportunities for profit, it also involves risks. Past performance does not guarantee future results, and losses are possible. Stay informed, exercise discretion, and make informed decisions based on your own risk appetite and trading objectives.

The key difference between Pocket Option Signals and other social trading features on trading platforms is the transparency and accountability of Signal Providers. All Signal Providers on Pocket Option are required to use their real trading accounts, and their performance metrics are updated in real-time. This allows traders to make informed decisions about which Signal Providers to follow based on their trading history and current performance. Additionally, Pocket Option Signals provides traders with the ability to customize their investment amounts and other parameters to control their exposure to risk.

Risk Warning

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Conditions

Trading Conditions for Pocket Option Traders

The minimum deposit amount on Pocket Option is $10, making it accessible for traders with small budgets to start trading. Traders can fund their accounts using a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets such as Skrill and Neteller.

The platform offers leverage up to 1:500 for Forex trading, which can potentially increase profits, but also increases the risk of loss. It is important for traders to use leverage responsibly and employ proper risk management techniques to minimize the risk of loss.

Pocket Option offers floating spreads starting from 0 pips for Forex trading, which can reduce trading costs for traders. Traders can also trade a wide range of markets, including Forex, stocks, indices, and cryptocurrencies.

In addition to Forex trading, Pocket Option offers a variety of markets for trading, including stocks, indices, ETFs, soft commodities, energies, metals, and cryptocurrencies. This provides traders with a diverse range of trading opportunities and allows them to diversify their portfolios.

πŸ’΅ CurrencyUSD, EUR
πŸ’° Min depositFrom $10
βš–οΈ Leverage1:500
πŸ’± SpreadFloating from 0 pips
πŸ’Ή MarketsForex, Stocks, Indices, ETFs, Soft Commodities, Energies, Metals, Cryptocurrencies
πŸ“± Mobile appsiOS, Android
πŸ’΅ Replenishment / Withdrawal:Visa/Mastercard, bank transfers, e-wallets.
🏦 Broker Type:ECN, Market Maker, Dealing.
πŸ“ž Customer ServiceForums, Call Back, Phone, Chat, Email
πŸ‘©β€πŸ’Ό SupportMultilingual
πŸ‘¨β€πŸ’Ό Personal Account Managerβœ…
πŸ” Copy Tradingβœ…
πŸ”“ Demo accountβœ…
πŸ—ΊοΈ HeadquartersRepublic of the Marshall Islands

Risk Warning

Comparison

Comparison of Pocket Option with other FOREX Brokers

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MT4, MT5
iOS, Android
Min Deposit
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COPY TRADING
PocketOption
PocketOption
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Pocket Option
MT4, MT5
iOS, Android
Min Deposit
$10
Leverage
1:500
Demo account
COPY TRADING
roboforex
RoboForex
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Trading platform
cTrader, RMobileTrader, RStocksTrader, RWebTrader
MT4, MT5
iOS, Android
Min Deposit
$10
Leverage
1:2000
Demo account
COPY TRADING
IC_Markets
IC Markets
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Trading platform
cTrader
MT4, MT5
iOS, Android
Min Deposit
$200
Leverage
1:500
Demo account
COPY TRADING
Trading platform
MobileTrading, WebTrader
MT4, MT5
iOS, Android
Min Deposit
$1
Leverage
1:2000
Demo account
COPY TRADING
Trading platform
MobileTrading
MT4, MT5
iOS, Android
Min Deposit
$5
Leverage
1:1000
Demo account
COPY TRADING
Trading platform
MobileTrading, cTrader
MT4, MT5
iOS, Android
Min Deposit
$100
Leverage
1:200
Demo account
COPY TRADING

Broker comparison table of trading instruments

PocketOption
VS
Roboforex
VS
IC Markets
Forex
VS
VS
Metalls
VS
VS
Crypto
VS
VS
CFD
VS
VS
Indexes
VS
VS
Stock
VS
VS
ETF
VS
VS

Commissions

Pocket Option Accounts, Commissions & Fees

The platform offers a range of account types for traders, including a free demo account, standard account, VIP account, and pro account. The demo account is a great way for traders to practice their trading strategies without risking real money, while the other account types offer various features and benefits for different types of traders.

The standard account requires a minimum deposit of $10 and provides access to all trading instruments, as well as 24/7 customer support. The VIP account requires a minimum deposit of $1,000 and offers higher profitability rates, priority withdrawal processing, and access to exclusive trading strategies. The pro account is designed for professional traders and requires a minimum deposit of $5,000. It provides access to advanced trading tools, personalized coaching, and customized trading conditions.

When it comes to commissions and fees, Pocket Option does not charge any commission on trades. However, there may be fees associated with certain payment methods, such as bank transfers or e-wallets. Traders should check with their payment provider for details on any fees that may apply.

In addition, Pocket Option reserves the right to charge an inactivity fee of $10 per month on accounts that have been inactive for 90 days or more. Traders can avoid this fee by keeping their account active and placing trades regularly.

Overall, Pocket Option offers a range of account types and features to suit the needs of different types of traders, while also providing transparent and competitive pricing for their services.

Account typeStandard AccountVIP AccountPro Account
Min deposit$10$1,000$5,000
Leverage1:5001:5001:500
Transaction FeeNoneNoneNone
Margin Call / Stop Out100% / 50%100% / 50%100% / 50%

Pocket Option does not charge a commission on trades for any of its account types. Instead, the company generates revenue through the bid-ask spread, which is the difference between the buy and sell prices of an asset. When traders open a position, they pay the spread as a transaction cost, which is a common practice in the online trading industry.

While some brokers may charge a commission in addition to the spread, Pocket Option's pricing model is designed to be transparent and competitive, offering traders the opportunity to access a range of markets and instruments without having to worry about additional commission charges.

Risk Warning

Final review

Detailed review of Pocket Option

The company is an online trading platform that provides traders with access to a wide range of financial instruments, including Forex, stocks, cryptocurrencies, and more. In this detailed review, we will cover the key features and benefits of using Pocket Option, as well as any potential drawbacks or issues that traders should be aware of.

Pocket Option is an excellent choice for beginner traders, with a low minimum deposit, user-friendly interface, educational resources, diverse range of trading instruments, and customer support options.

The platform offers four different account types to suit the needs of different traders: Demo, Standard, VIP, and Pro. The Demo account is designed for beginners who want to practice their trading strategies without risking real money. The other three account types are designed for more experienced traders and offer various benefits, such as higher leverage and access to more trading instruments.

In terms of security, Pocket Option takes a number of measures to ensure the safety of its users' funds and personal information. This includes using SSL encryption to protect data transfers, storing client funds in segregated accounts, and implementing two-factor authentication for account access. Additionally, Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC), which provides oversight and ensures compliance with relevant regulations.

Note
The key difference between a traditional exchange and Pocket Option is thatthe platform is an online trading platform, while traditional exchanges are physical places where traders can buy and sell securities. Additionally, Pocket Option is a privately owned company, while traditional exchanges are typically owned by shareholders or public entities.

Pocket Option's trading platform is web-based and accessible from any device with an internet connection. The platform is user-friendly and easy to navigate, with a range of features and tools to help traders make informed investment decisions. These include advanced charting capabilities, technical indicators, and real-time market data.

Overall, Pocket Option is a well-regarded online trading platform that offers a range of features and benefits for traders of all levels. The low minimum deposit, high leverage, and diverse range of trading instruments make it an attractive option for beginners and experienced traders alike. While there are some fees associated with deposit and withdrawal methods, the fact that Pocket Option does not charge commissions on trades helps to keep trading costs low. The customer support team is available 24/7 to assist with any questions or issues, and the copy trading feature can potentially help traders to improve their returns without having to conduct extensive market research.

Advantages:

Low Minimum Deposit: Pocket Option offers a low minimum deposit of just $10, making it accessible to traders of all levels.
Diverse Range of Trading Instruments: The platform offers a wide range of trading instruments, including Forex, stocks, indices, cryptocurrencies, and more, allowing traders to diversify their portfolios and potentially improve their returns.
User-Friendly Interface: Pocket Option's trading platform is designed to be user-friendly and easy to navigate, with a range of features and tools to help traders make informed investment decisions.
High Leverage: The platform offers high leverage up to 1:500, allowing traders to potentially amplify their profits with a smaller investment.
Copy Trading: Pocket Option's copy trading feature allows traders to automatically copy the trades of successful traders, potentially improving their returns without extensive market research or analysis.
Customer Support: The platform offers 24/7 customer support through a range of channels, including phone, email, live chat, and a call back feature, ensuring traders can get the help they need when they need it.

Pocket Option Regulator

Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC), which is an independent regulatory organization that oversees financial companies operating in international markets. The IFMRRC is responsible for ensuring that Pocket Option complies with relevant regulations and maintains transparency and fairness in its operations.

It's important to note that while regulatory oversight can provide some level of protection for traders, it does not guarantee 100% safety. Traders should always do their due diligence when selecting a broker and make sure to only invest funds they can afford to lose.

Risk Warning

Promotions

Bonuses Paid by the Pocket Option

Pocket Option offers a variety of bonus programs for its users. Here are some of the main bonus programs:

Welcome Bonus

Pocket Option offers a welcome bonus of up to 100% on a user's first deposit, depending on the amount deposited.

Welcome Bonus

Deposit Bonus

Pocket Option occasionally offers deposit bonuses to users, which can range from 20% to 100% of the deposit amount.

Deposit Bonus

Referral Bonus

Pocket Option offers a referral program, where users can earn a bonus for referring new users to the platform.

Referral Bonus

Education

Review of the Pocket Option Education Program

Pocket Option offers a range of educational resources for traders of all levels. Here is a review of the Pocket Option Education Program:

Demo Accounts: The platform offers demo accounts for traders to practice their strategies and test the platform without risking real money.
Webinars: Pocket Option offers a variety of webinars on a range of topics, including market analysis, trading strategies, and risk management.
Video Tutorials: The platform provides a library of video tutorials covering a range of topics, including platform navigation, trading strategies, and technical analysis.
eBooks: The platform offers eBooks on various trading topics, including Forex, cryptocurrency, and options trading.
Glossary: Pocket Option has a comprehensive glossary of trading terms to help beginners understand the language of trading.
News and Analysis: The company provides a daily news and analysis section, which includes market updates, technical analysis, and trading insights.

Overall, the Pocket Option Education Program is a valuable resource for traders of all levels, providing a range of educational materials to help traders improve their skills and make informed investment decisions.

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Rating and Comments

Pocket Option Users Reviews 2024

8.4 Total Score
17 reviews
Overall score

Based on all reviews

8.4Expert Score
Investment instruments
9
Deposits and withdrawals
8.2
Customer service
7.8
Trading platform
8.5
8.4User's score
Investment instruments
8
Deposits and withdrawals
7.9
Customer service
8.4
Trading platform
9.6
Add your review  |  Read reviews and comments

Authors:

Roman_Mukhin

Roman Mukhin
Financial expert, analyst and author

Jane Emberg

Jane Emberg
Financial analyst and editor

Best Forex BrokersOverall Ranking
4 Comments
Show all Most Helpful Highest Rating Lowest Rating Add your review
  1. 4.25
    Investment instruments
    80
    Deposits and withdrawals
    90
    Customer service
    80
    Trading platform
    90

    My experience with PocketOption has been average. The trading platform is easy to use, but I’ve had some issues with the execution of trades. Also, I find their spreads to be higher compared to other brokers I’ve used. However, their customer service team has been helpful whenever I had any concerns.

    Helpful(0) Unhelpful(0)You have already voted this
  2. 4.75
    Investment instruments
    90
    Deposits and withdrawals
    90
    Customer service
    100
    Trading platform
    100

    I’ve been using PocketOption for a while now and I must say I’m impressed with their user-friendly platform. Their customer support team is always responsive and helpful. I also love the fact that they offer a wide range of trading assets and their withdrawals are processed quickly.

    Helpful(0) Unhelpful(0)You have already voted this
  3. 5
    Investment instruments
    100
    Deposits and withdrawals
    100
    Customer service
    100
    Trading platform
    100

    I’ve been trading with PocketOption for a few months now and I’m very satisfied with their service. Their platform is intuitive and easy to use, even for beginners. The variety of trading instruments is also impressive. I appreciate their transparent fee structure and fast withdrawals.

    Helpful(0) Unhelpful(0)You have already voted this
  4. 2.35
    Investment instruments
    40
    Deposits and withdrawals
    50
    Customer service
    20
    Trading platform
    80

    I would not recommend using PocketOption. They have some shady business practices and I’ve had issues with their withdrawals. They also charge high fees for their services, which is a major turn off. Overall, my experience with them has been disappointing.

    Helpful(0) Unhelpful(0)You have already voted this

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