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.
Pocket Option main trading instrument are fixed high yield electronic contracts. Such instrument 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 online 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 online 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.
While online 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.
Terms of trade:
- Profitabilityup to 98%, depending on the chosen asset.
- Cashbackup to 10%, connected through the built-in market.
- Pocket Option minimum deposit$50
- The minimum trade$1
- Pocket Option demo accountyes
- The mobile versionavailable
- Pocket Option Robot trading for MT4supported
- More than 100 assetsto 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. 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;
- 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;
- 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.
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.
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
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
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:
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.
- 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.
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 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:
- 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.
Regardless of the chosen plan, payments are made once a week, on Monday.
Advantages and disadvantages of Pocketoption
- 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.
- No trust management
- Insufficient regulation.
What is pocket option?
It is an online broker that offers online trading services. Here you will find a great selection of 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.
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.