The main characteristics of Pocket Option online trading platform

10 min read
5 May 2021
Zaine Allen
Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
A REVIEW OF POCKET OPTION

The main characteristics of Pocket Option online trading platform

10 min read
A REVIEW OF POCKET OPTION
5 May 2021
Zaine Allen
Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Binary Options are fixed high yield electronic contracts. Binary options trading has a simple algorithm, and this fact determines its popularity among both beginners and experienced traders. It allows you easily make money on stocks of various companies, commodities, currencies, and not only on the growth of their rates, but also on the fall. It is an opportunity to make big money simply by determining whether the market value of an asset will rise or fall. The whole principle of trading is very simple. You only need to find a reliable intermediary that will provide you with access to financial and stock markets. We will analyze the Pocket Option broker as one of the most attractive companies for binary options trading. Keep reading this Pocket Option broker review to learn its most attractive characteristics.

About Pocket Option

The company was created in 2017 by IT and FinTech specialists to allow all Forex enthusiasts free access to financial markets and online trading. The idea worked well, and within the first year of its existence, the platform attracted over 100,000 users. Only in a few years the platform gained enough customer trust to become known all over the world, and in 2020, Pocket Option reported the number of registered accounts exceeded 10 million. Currently, the broker provides services to the residents of over 95 countries and offers 100+ trading instruments.

While binary options trading is often associated with high risk, Pocket Option is one of the most trusted brokers in the industry. Setting up an account is easy and the platform is suitable for both new and experienced traders.

With over 100 assets available for trading and a variety of payment methods for international investors, Pocket Option offers trading opportunities to thousands of people around the world. This Pocket Option review will help you decide if you want to be one of them. Moreover, you will learn whether Pocket Option scam or not as not all reviews posted on the Internet can be equally trusted.
Pocket Option interface
Pocket Option mobile version

Terms of trade:

Profitability
up to 98%, depending on the chosen asset.
Cashback
up to 10%, connected through the built-in market.
Pocket Option minimum deposit
$50
The minimum trade
$1
Pocket Option demo account
yes
The mobile version
available
Pocket Option Robot trading for MT4
supported
More than 100 assets
to trade

Regulation

When you learn enough about Forex trading, it is time to test your skills. To realize it, you need to find a suitable trading platform. Your selection process should start from checking the broker for reliability. And the best approach is to check what permissions and licenses allow it to offer trading services. The Pocket Option broker is regulated by the IFMRRC (International Financial Market Relation Regulation Center). Moreover, the platform uses additional security precautions like 2-factor-authentication and SSL certificate to protect personal information of traders.

Registration

To open real trading account, you need to register on the official site of the broker. The account creation is very easy:
    1
    Specify your email and password
    2
    Receive a confirmation link by email to activate your account
    1
    Specify your email and password
    2
    Receive a confirmation link by email to activate your account
    These two simple steps allow you to make a Pocket Option login and get immediate access to a training account. If you want to start real trading, it remains to replenish Pocket Option deposit with a minimum amount set by the broker.
      It is highly recommended to go through Pocket Option verification immediately after the registration:
        1
        fill out all information requested in the profile form - indicate your full name, date of birth, current residence address
        2
        provide copies of documents for verification. This is an optional step, but according to the client agreement, the company can request them at any time. It is better to make everything in advance and avoid an unpleasant delay at the time of withdrawal
        1
        fill out all information requested in the profile form - indicate your full name, date of birth, current residence address
        2
        provide copies of documents for verification. This is an optional step, but according to the client agreement, the company can request them at any time. It is better to make everything in advance and avoid an unpleasant delay at the time of withdrawal

        Account types

        The broker has two types of accounts – Pocket Option demo account and real money trading account. But the higher is your deposit, the more advantages you get. So a trading account has several statuses based on the amount of your balance. Have a look at the below table to compare various account statuses.
        Account type
        Higher profitability
        Maximum deal amount
        Access to the Forex market
        Refund of trades closed with a difference of 1 point
        Pocket Option demo



        Newbie

        $1000

        (balance up to $100)
        Beginner

        $1000

        ($100–999)
        Experienced
        + 2%
        $1000

        ($1000–4999)
        Master
        + 4%
        $2000

        up to $10
        ($5000–14,999)
        Professional
        + 6%
        $3000

        up to $50
        ($15,000–49,999)
        Guru
        + 8%
        $5000

        up to $100
        (from $50,000)
        Pocket Option demo



        Higher profitability
        Maximum deal amount
        Access to the Forex market
        Refund of trades closed with a difference of 1 point
        Newbie

        $1000

        Higher profitability
        Maximum deal amount
        Access to the Forex market
        Refund of trades closed with a difference of 1 point
        (balance up to $100)
        Beginner

        $1000

        Higher profitability
        Maximum deal amount
        Access to the Forex market
        Refund of trades closed with a difference of 1 point
        ($100–999)
        Experienced
        + 2%
        $1000

        Higher profitability
        Maximum deal amount
        Access to the Forex market
        Refund of trades closed with a difference of 1 point
        ($1000–4999)
        Master
        + 4%
        $2000

        up to $10
        Higher profitability
        Maximum deal amount
        Access to the Forex market
        Refund of trades closed with a difference of 1 point
        ($5000–14,999)
        Professional
        + 6%
        $3000

        up to $50
        Higher profitability
        Maximum deal amount
        Access to the Forex market
        Refund of trades closed with a difference of 1 point
        ($15,000–49,999)
        Guru
        + 8%
        $5000

        up to $100
        Higher profitability
        Maximum deal amount
        Access to the Forex market
        Refund of trades closed with a difference of 1 point
        (from $50,000)

        Platform

        The broker offers its clients an advanced level trading terminal, which is equipped with the most powerful tools for trading binary options. The Pocket Option broker apk offers the following features:
        scalable quotes chart in normal and full screen mode;
        choice of timeframes – from 5 seconds to 1 day;
        several types of price charts – lines, candles, bars;
        a set of integrated indicators – the most effective analysis tools with the possibility of additional customization;
        an arsenal of basic assets of over 100 items – currencies, raw materials, stocks and cryptocurrencies;
        history of all transactions on the site;
        trading signals and social trading services;
        online chat window allowing you to communicate with other traders;
        two types of binary options – classic Call / Put;
        access from the terminal to tournaments, video lessons and the leaderboards;
        web applications for all devices with Android, IOC, Windows;
        convenient and intuitive interface;
        expiration dates – from 60 seconds to 30 minutes.
        scalable quotes chart in normal and full screen mode;
        choice of timeframes – from 5 seconds to 1 day;
        several types of price charts – lines, candles, bars;
        a set of integrated indicators – the most effective analysis tools with the possibility of additional customization;
        an arsenal of basic assets of over 100 items – currencies, raw materials, stocks and cryptocurrencies;
        history of all transactions on the site;
        trading signals and social trading services;
        online chat window allowing you to communicate with other traders;
        two types of binary options – classic Call / Put;
        access from the terminal to tournaments, video lessons and the leaderboards;
        web applications for all devices with Android, IOC, Windows;
        convenient and intuitive interface;
        expiration dates – from 60 seconds to 30 minutes.
        Pocket Option web terminal
        Pocket Option mobile terminal
        This platform is not proprietary software developed by the company. Clients have access to the latest version of the ITTrendex terminal, which was adapted to the broker's services. However, this fact does not prevent the Pocket Option terminal from being one of the most technologically advanced on the market. The link to Pocket Option broker download can be found on the official website – it is free of charge.

        From 2020, you can access the MetaTrader 5 terminal via the broker's site. This software is in high demand and is used by the majority of brokers around the world. The platform is ideal for technical analysis and auto trading. Overall, MetaTrader 5 offers more advanced features and allows you to apply the Pocket Option strategy.

        Customer support

        The broker does all in its power to create the most favorable trading environment for its customers. And the customer support service is no exception. You can use the following contacts for communication:

        • Mobile phone number: +44 20 8123 4499
        • E-mail address support email: support@pocketoption.com
        • Online form for sending a message, available at the official website
        • Online chat

        According to the customer feedback, the company specialists react very fast to all the queries.

        Deposits and withdrawals

        You can fund your account in several ways - from bank cards to e-wallets. You can open a trading account in USD, EUR, GBP, RUB using the following channels:

        • Banking cards: Visa, Maestro, MasterCard
        • Electronic wallets: Skrill, Neteller, Yandex.Money, Qiwi, Payeer, PerfectMomey, WebMoney, Advcash, Tele 2, NGANLOUNG, FasaPay, FreeKassa, OKPay.
        • Cryptocurrencies: Bitcoin, Ethereum, Dogecoin, BitcoinCash, Zcash, Litecoin, Primecoin, Dash, Reddcoin, Evercoin
        • Bank transfers
        Pocket Option withdrawal
        Pocket Option deposit

        Mobile payments

        But note that according to the platform rules, Pocket Option withdrawal should be made to the same service from which the replenishment was carried out. Usually, you will receive money within three working days. Besides, you will not be able to receive costs without verification. So take time, and add necessary details during Pocket Option local login.

        Analytics and Education

        Despite the platform being very young, it offers enough resources to those who only start acquaintance with online trading. Speaking about analytical tools, you will be able to use the following services:

        • Pocket Option signals to enter the market indicating the direction of the transaction and expiration;
        • detailed analysis of the charts;
        • economical calendar.

        Of course, you should not strictly follow only these recommendations. But you can combine these data with your own analysis and get very helpful trading tips. Analytics are also delivered via a separate Pocket Option broker app.
        If you want to expand your knowledge on trading, you can use the training section with the following materials:

        • detailed FAQs devoted to Forex market;
        • answers to general questions;
        • description of 10 trading strategies;
        • description of indicators;
        • video tutorials.

        These materials will give you enough understanding on how Forex market and the platform work. You can also test your knowledge on the Pocket Option demo trading account. Thus, you will have everything you need to pass to full-fledged trading for real money.

        Bonuses

        Pocket Option is famous for its unique bonus program. It includes bonuses when replenishing a deposit and bonuses for activity on the site. The broker has developed a very attractive system of incentives for traders:
        pocket option bonus
        Pocket Option is famous for its unique bonus program. It includes bonuses when replenishing a deposit and bonuses for activity on the site. The broker has developed a very attractive system of incentives for traders:
        pocket option bonus
        Welcome bonus in the amount of 50% of the amount deposited to the trading account.
        You can get this bonus only once when you register on the platform.
        Bonuses for the amount of replenishment of the deposit.
        For example, if you replenish your account in the amount of $3000, you can get a 40% bonus.
        Tournaments.
        Rewards are given for achievements in trading and are credited to the trader's account in the form of bonus funds.
        Users can receive gems for successful trading. The broker website has a built-in market where they can be exchanged for bonuses, cashbacks, cancellations of unprofitable transactions, promotions or Pocket Option promo code. Bonuses are not obligatory, and you can simply ignore these or refuse from them. The amount of bonus funds also depends on the trader's status. The higher the status, the more interesting bonus offers the trader gets.

        Affiliate program

        Every trader can become a partner of the broker. Pocket Option offers four cooperation plans.
          Profit can reach 50%. You get 2% from the total turnover of the attracted traders and 40% of the company's income. The maximum reward for an invited client is $1000. Sub-partners' commission is 5%.
          The income reaches 60%. Also, the partner receives 2.5% of the turnover, and 60% of the broker's income. Commission per client is $5000.
          You can earn up to 70% of the profit You get 3% from the turnover and 55% of the commission from the profit of the company.
          This plan allows you to receive 80% of profit. You get 3% from turnover and 60% from income.
          In addition to the above, each partner can receive a monthly bonus from $300 to $900 for attracting 30 or more customers.

          Regardless of the chosen plan, payments are made once a week, on Monday.

          Advantages and disadvantages of Pocketoption

          Pros
          • Diverse trading instruments: including currency pairs, commodities, stocks and cryptocurrencies.
          • A demo account which helps enhance trading skills without any financial risk.
          • Attractive loyalty programs - a 50% bonus when opening a real account, lotteries, crystals, bots and VIP tickets.
          • Convenient platform. It works online, can be installed on a PC and supported on mobile devices after downloading and launching special applications.
          • Social trading: users can copy strategies and transactions of experienced traders.
          • Ability to fund your account with various cryptocurrencies.
          Cons
          • No trust management
          • Insufficient regulation.
          What is pocket option?
          It is an online broker that offers binary trading services. Here you will find a great selection of binary options and CFDs. The platform has more than 100 trading assets to choose from. You can also trade on the MT5 terminal via this intermediary.
          Learn more
          Are pocket options Safe?
          The broker does its best to provide the highest level of security to its customers. Once you are registered on the platform, all your data will be protected with 2-factor authentication and SSL certificate. Besides, the broker is officially regulated by the IFMRRC.
          Learn more
          Is Pocket option legal?
          The broker is approved by the IFMRRC (International Financial Market Relation Regulation Center). Licenses and certificates are a very important feature when you are looking for an online trading platform. Cooperation with regulated brokers reduces your financial risks.

          GENERAL RISK WARNING:

          CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
          87% of retail investor accounts lose money when trading CFDs with this provider.
          You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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