Pocket Option review and test – Is it a scam or not?
Is Pocket Option a secure Online Broker or not? – In this review, we will show you the details about the company and platform. Inform yourself about the trading conditions, deposit, withdrawals, and support. With more than 9 years of experience in financial investing, we tested Pocket Option in detail. Is it really worth investing money there? – Find out in the next sections.
What is Pocket Option? – Facts about the company
Pocket Option is an online broker for trading Binary Options and Forex. You get access to more than 100 different assets by the web-platform, mobile app, or MetaTrader 5 software. “Pocket Option” is managed by the Gembell Limited company which is located in the Marshall Islands with the address Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro. The registration number is 86967. From our experience, it is a typical offshore broker for investing in various types of markets.
See our full review video below:
The broker attracts a lot of worldwide traders and accepts them internationally. Nearly everyone can open an account with Pocket Option. The company exists since 2017 and our research shows that popularity is rising. You can trade Binary Options on a modern platform with a very high return of investment up to 95%+. In addition, there are a lot of special features that make the broker unique.
Facts about the company:
- Online broker since 2017
- Accepts international traders
- Located on the Marshall Islands
- Trade the financial markets with Binary Options and Forex/CFDs
- Multi platforms for any device
- Accepted in more than 95 countries
- More than 20.000 active users daily
Regulation and safety: Is Pocket Option a scam or not?
For online investments, it is very important to use a regulated broker. It shows trust and safety. Most regulations cost a lot of maintenance fees. According to Pocket Option, the broker is regulated by the IFMRRC (International Financial Market Relation Regulation Center). It is an independent regulator that accepts online broker companies. To get the certificate the company has to fulfill different criteria.
The FMRRC is not the same regulation as regulation from a country, for example, CySEC in Cyprus or ASIC in Australia. Through our contacts, we know that Pocket Option is working at a higher regulation at the moment. In addition, the platform is very safe and got different security tools for your account like 2-factor-authentification and SSL certificate. The platform is using only safe payment methods and got access to the funds at any time. Overall, Pocket Option is a safe company but does not get the highest regulation authority at the moment.
What can you trade with Pocket Option? – Offers for traders:
Traders get access to currencies, cryptocurrencies, commodities, and stocks on the platform. The financial product Binary Options (Options) is offered to trade with a high yield of up to 95%. Compared to other brokers it is a very high return of investment in this particular niche. Furthermore, you can trade 24/7 on the platform. Cryptocurrencies and OTC charts are available 24 hours per day.
The following assets can be traded with Pocket Option:
- Currencies (Fx)
Options can be traded with different experience times from 1 minute up to 4 hours or more days. Short-term and long-term traders will feel comfortable with the offers for assets and expiry times. If you go to the menu you will see the different assets and the yields.
New traders can use the free demo account with a balance of $10,000. It is a practice account with virtual money and perfect for testing the platform. Also, you can renew the demo account if you made losses. So it is an unlimited and free account. You do not have to sign up for it. Real money trading is available with a small deposit of $50 and the minimum amount of investment is 1$ per trade.
Pocket Option does not offer only trading options but offers also forex trading via the MetaTrader 5 software. This software is implemented into the web platform you can download it for free.
Another good feature is the bonus option and achievements. You can get a free bonus of up to 100% if you agree to boost your deposit and account balance. Achievements are free goodies that you get if you trade real money. If you trade more you can get access to boosts and bonuses.
Social trading and contests are available, too. Follow other popular and successful traders. You can copy them automatically. Tournaments are made with a free demo account or real money account. Earn high prices if you are a good trader. In summary, Pocket Option offers very good conditions and features for traders.
Summary of the conditions and features:
- More than 100 assets (currencies, crypto, stocks, commodities)
- Yield up to 95%+
- Free demo account
- A minimum deposit of $50
- Forex trading via the MetaTrader 5
- Free bonus program
- Awards and achievements
- Social trading and contests
(Risk warning: Your capital is at risk)
Pocket Option trading platform review:
Pocket Option offers trading platforms for any device. You can access the web platform, download version, MetaTrader 5, and mobile trading app. The software is programmed by Pocket Option and very unique. In the following section, we will show you the features of the platform and how to trade.
The following platforms are available:
- Download version
- Mobile apps
- Telegram Bot
- MetaTrader 5
The web-platform is the easiest way to trade
On the web-platform, you get a very good overview of the trading assets. All in all, it is a very clear and user-friendly trading platform. Beginners should feel comfortable with it in a few minutes. In addition, you can read tutorials or watch some introduction videos on the platform.
Facts about the web trading platform:
- Available for any device (Computer and mobile device)
- User-friendly and secure for trading
- Clear and professional charting
- Free analysis tools
- A good overview of all tools
- Multi-charting is possible
In the picture above you see a screenshot of the trading platform in an online browser. On the left side, you see the options about your profile and trading account. You get access to live trading, demo trading, profile, achievements, chat, and help center. You can switch between real money and demo trading with one click.
On the bottom, in the middle, there is a trading order mask. It is very easy to understand how to trade because Pocket Option shows you very transparent all features.
MetaTrader 5 review
Since 2020 the MetaTrader 5 is offered by Pocket Option for trading forex, cryptocurrencies, metals, and commodities. MetaTrader 5 is very popular and offered by around 80% of all brokers worldwide. The platform is suitable for technical analysis and automated trading. You get the chance to customize the charts as you want and add tools for further analysis.
You can use the web-version directly with the Pocket Option webtrader or you download the software for desktop. Also, mobile apps are available for any device. Overall, the MetaTrader 5 offers more functions for analysis than the own platform of Pocket Option. From our experiences, it is maybe difficult for beginners to feel comfortable with the MetaTrader 5 first. You should watch tutorials for this software.
MetaTrader 5 is supporting the following functions:
- One-click trading
- Drawing tools
- Multiple timeframes
- Automated trading
- Customize the platform as you want
- News and alarms
Tutorial: How to trade with Pocket Option
Trading with Pocket Option is not so difficult to understand. By trading options, you only have 2 possible results (win or loss) or you get your money back when the market is not moving. As a trader, you have to do a forecast of the market price. The trading platform of Pocket Option offers you special tools for analytics like chart types, drawing tools, and indicators. Besides, you can implement market news into your analysis.
In the next video, we will show you how to make money with Pocket Option and a simple charting strategy:
How to trade step by step:
- Choose your asset and generate a trading idea
- Make a forecast of the price
- Choose the purchase time (expiry time of the option)
- Invest in rising or falling prices
- Wait till the option is finished
- Win a high return of investment (up to 95%) or lose the investment amount
Analysis and charting for successful traders:
For making the right forecast of the price movement you have to analyze the charts correctly. A lot of traders are using technical analysis or fundamental news. On the platform, you will find different chart settings.
There are more than 5 different chart types and more than 14 timeframes for the analysis. The candlesticks are the most popular chart type because they will give you more information about the chart than the other chart types. In addition, you can use next to the chart different indicators and drawing tools.
There are more than 40 different indicators for analysis. Pocket Option will show you a full tutorial and description of the tools. This is a big advantage for beginners. You can customize and change the settings of each tool as you want. Create your own strategies for trading with the tools of Pocket Option.
Social Trading and signals:
For traders who do not want to make their own analysis social trading and signals are available. Social Trading means you copy another trader who is successful. On the platform, you will see other traders who are trading with real money. You can see their deals, profitable deals, and trading turnover. Overall, it is very transparent and you will find a good trader very quickly.
It is an easy way to make automatic profits. There are a lot of different settings. You can choose your investment amount and maximum loss amount when you copy the traders. Furthermore, signals are available on the platform for any asset. They are made from different trading strategies. In conclusion, the Pocket Option platform gives access to features which any type of trader can use successfully.
Achievements and awards for active traders
Pocket Option will reward you if you are an active trader. If you are registered fully you will get your first achievements (see the picture below). What can you do with the “Gems”? If you trade actively you will earn “Gems” on the platform. In the market, you can exchange them with different rewards.
In the markets, there are options to buy with gems. For example, you can buy the following advantages for your trading account:
- Bonus codes up to 110%
- Free account balance bonus
- Risk-free trades
- Cashback trades
- Boosters for more yield
- VIP Tickets
All in all, it is a very good system for any trader who is using Pocket Option. The broker is earning money by your trading volume. If you trade more you get more achievements. So it is a very fair deal for the trader and the broker.
The final conclusion of the trading platforms
From our experience, the platform of Pocket Option is one of the best trading platforms on the internet. Furthermore, the broker supports the well-known MetaTrader 5. It is very functional and you get access to a huge variety of tools and functions. There are free indicators for the analysis, the charting can be done professionally, and you can use signals or social trading.
The platform is available for any device and we give it a very good rating. Moreover, we can say that we recommend trying the platform with the free demo account. You will see that there are more advantages than in other trading platforms.
Advantages of the trading platform:
- Professional charting
- Free tools for analysis
- Social trading and signals
- Comfortable and easy to use
- Customizable tools for everyone
- Platforms are available for any device
- MetaTrader 5 supported
(Risk warning: Your capital is at risk)
How to open your trading account:
To open your real trading account you have to sign up with your email address and a secure password. For trading with the demo account, you do not have to sign up. You can test the platform for free.
Insert your email address and the secure password to do the first step. After that, you should confirm your email address and phone number. For real money trading, we recommend doing the verification of your trading account first but you do not have to. It is just safer. Go to your profile and fulfill the form with your personal data. Upload a photo of an identity document to get the full verification of your account. Pocket Option is very fast and verifies your account within 24 hours. Now you can start with real money trading and use all features of the platform.
How to open your account:
- Register your account in the form above
- Use your email address and a secure password
- Confirm your email address and phone number
- Fulfill your account details
- Upload the required documents
- Start trading
Review of the deposit and withdrawal with Pocket Option
Pocket Option offers a lot of different payment methods to do a deposit and a withdrawal. There are electronic methods like a credit card, cryptocurrencies, and electronic wallets. The minimum deposit amount is $50 and there are no fees for the deposit. Furthermore, on most payment methods, there are no fees for the withdrawal.
Make sure you understand the requirements:
- No fees for deposits
- No fees for withdrawals
- The minimum deposit is $50
- The minimum withdrawal is $10
The minimum withdrawal amount is $10. Withdrawals are made very fast. From our experience, the withdrawal is made in up to a maximum of 3 days. Our withdrawal was made within 24 hours without any commission. We can say that Pocket Option is withdrawing your earnings to 100%.
Pocket Option withdrawal proof:
In the picture below you can see 2 of our withdrawals in 2019. It was made via bitcoin. The withdrawal is very fast and secure. Besides our own withdrawals, we did research on this topic. And we found nothing about withdrawal problems with this broker. Earn money on the platform and do a withdrawal directly.
Facts about the deposits and withdrawals with Pocket Option:
- Instant deposits via electronic methods
- No deposit and withdrawal fees
- Credit Cards accepted
- Electronic wallets
- Withdrawal within 1 -3 working days
Bonus for the deposits
Pocket Option offers different bonuses. A popular bonus is a deposit bonus. You can get additional money for your deposit money. That means you deposit $500 on the platform and activate the bonus of 100%. Now your account got a balance of $1.000. This is a good way to increase your account balance and to trade with more risk.
But you have to read the bonus conditions. You have to do a turnover of more than 50x in order to withdraw the bonus. It depends on your trading volume. You can activate cancel the bonus at any time you want.
(Risk warning: Your capital is at risk)
Professional support and service for investors
The last point to check a reliable online broker is a support and service for traders. It is very important for beginners or advanced traders. The support is available in different languages via chat, email, or phone. You get access to it 24 hours on a regular working day. Besides, you can chat with other traders on the trading platform.
For new traders, there is a big FAQ with the most asked questions and a lot of trading tutorials via videos. As you see in the picture above the education center of Pocket Option is huge. All in all, Pocket Option offers professional support for traders. If you are a beginner you get access to a lot of trading knowledge and you can improve your trading. From our experience, service and education are at a professional level.
Facts about the support and service of Pocket Option:
- Phone, email, chat support
- FAQ with the most asked questions
- Tutorials for trading
- Trading strategies
- Tips and tricks
- Professional service and support in different languages
Conclusion of the review: Is Pocket Option a reliable broker? – We think, yes
From our experience and tests, Pocket Option is definitely a reliable broker for online trading. The overall rating is 4.5 of 5 stars because there is a lack of real regulation by an authority but the platform seems safe and secure for deposits and withdrawals.
You can trade more than 100 different markets with a high yield of up to 95%. The execution of trades is very fast on the platform. We tested real money trading and withdrawals as you saw in the review sections above. Pocket Option is a good option to trade short-term or long-term options. The software is available for any device.
In addition, the platform offers a lot of special features and tools for traders. You can do professional chart analysis by using indicators or drawing tools. Social Trading and signals are available, too. In conclusion, we can recommend Pocket Option as a reliable online broker for trading with the possibility of high returns.
Advantages of Pocket Option:
- A secure and safe platform
- Minimum deposit only $50
- Free demo account with $10.000
- More than 100 different assets
- 24/7 trading
- High yield of up to 95%+
- A comfortable platform for any device
- Multi-language support
- Cash-back program
Disadvantages of Pocket Option:
- Not official regulated
Pocket Option is a reliable online broker for trading digital options, forex, and other financial products. It offers a high yield and a secure platform. (4.5 / 5)
(Risk warning: Your capital is at risk)