Pocket Option broker review

Pocket Option – safe online broker or scam? In this review we will show you detailed information about the company and the platform itself. Inform yourself about the trading conditions, deposit, withdrawal and support. Learn in detail about the platform with more than nine years experience in financial investing. In our Pocket Option broker review you will find out in the following sections whether it is really trade on the Pocket Option platform.

Contents

Short information about Pocket Option

BrokerPocketOption
Websitehttps://pocketoption.com
Founded2017 year
Head OfficeTrust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands
Company ownerGembell Limited
Support typesEmail: support@pocketoption.com
Chat room
Telegram
Feedback form on the site
LanguagesEnglish, French, Italian, German, Korean, Turkish, Malaysian, Spanish, Estonian, Indian, etc.
TerminalsAuthor’s platform, MetaTrader 5 (РС, Web, Mobile)
Min. first depositFrom 5 USD
Min. rateFrom 1 USD
Broker commissionYes
Payment termsAccording to the regulations up to 3 working days
BonusesWhen replenishing from $ 100, get a 50% deposit bonus
PayoutsUp to 90%
Free demo accountOpen demo account
Types of optionsUP / DOWN
RegulatedYes
Account typesDemo, Beginner, Beginner, Experienced, Master, Professional, Guru
Replenishment methods
Replenishment methodsVISA, Mastercard, Maestro, Debit Card, Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple, ZCash, Skrill, Neteller, etc.
Withdrawal methodsVISA, Mastercard, Maestro, Debit Card, Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple, ZCash, Skrill, Neteller, etc.
Number of assets100+
Asset typesBinary options
Shares
Indexes
Raw materials
Cryptocurrency
Number of indicators14
Graphic tools5
Account currenciesEUR, USD, GBP
Expiration1 minute to 4 hours
Mobile tradingThere are mobile applications (iOS / Android)
Weekend tradingYes
Tournaments / contestsYes
Trader trainingYes
BenefitsFavorable terms of cooperation
Reliability of the company
Training and analytics
Minimum deposit available
Social trading
Author’s platform
DisadvantagesMandatory verification
Company detailsLegal name: Gembell Limited
Legal address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands
Update date20.04.2021
Table with short information about Pocket Option

Detailed review of Pocket Option

The binary options broker Pocket Option is owned by Gembell Limited registered in the offshore jurisdiction of the Marshall Islands. The site itself is available in different languages.
Actually, is the pocketoption.com something like a scam or a real noteworthy broker of binary options? In our Pocket Option broker review we are going to answer today’s review on broker pocket options.

Terms of Pocket Option trade

Pocket Option company offers its clients lucid and easy to understand terms of trading binary options. The broker has in his stock asserts the list of the most popular and extraordinary currency pairs, commodities (gold, oil), cryptocurrencies as well as number of stocks of different American and European companies. 

Terms of Pocket Option trade
Terms of Pocket Option trade

In addition, the company renders to its clients services from pocketoption.com for example, free signals, social trading, participation in tournaments, etc. So it is also important that if any company’s client wants to get acquainted with the service rules, he can do it easily by reading section Terms in his language.

The well-designed website interface and the online platform provided by Pocket Option allow any client easily find necessary information, for example, about binary options strategies. (Get more information about binary options strategies) An intuitively understandable web platform allows you to make transactions without preliminary study of its functionality. Moreover, the company offers the opportunity to use a demo account that will make its clients try their forces without investing their own funds, provide trading tips and a training course on the platform (training in binary options trading).

Terms of Pocket Option trade
Terms of Pocket Option trade

The pocketoption.com platform for trade beginners

The Pocket Option trading platform is one of the most accessible among binary options brokers. It was designed and implemented on the company’s platform. Its convenience lies both in the possibility of using the terminal in a web browser from any computer without the need to install additional software, and in the number of tools presented with a high comfort of working with them.

The Pocket Option platform for trade beginners
The Pocket Option platform for trade beginners

One of the important advantages of the platform is a significant number of indicators for binary options compared to competitors, among which there are also oscillators that will open in a new window under the main chart. Such a set of tools allows the company’s clients to make their trades more confidently, filtering out the true signals from the market interferences.

The Pocket Option platform for trade beginners
The Pocket Option platform for trade beginners

The PocketOption terminal has a standard set of tools for graphical analysis: you can use horizontal lines and even overlay the Fibonacci levels on the chart. However, it is worth noting that despite the convenience of using the web terminal the client will need to have a stable Internet connection for the failures during his activity do not affect the results of trading.

The Pocket Option platform for trade beginners
The Pocket Option platform for trade beginners

Another essential point is that the company offers binary options on its platform with different expiration dates from 1 minute to 4 hours. Such an opportunity can be used not only for short-term hedging of risks when buying a particular instrument on the market, but also for long-term investments.

Speaking about hedging more detaily, it should be noted that such a strategy is considered as standard for large fund managers who insure themselves by buying an option directed in the opposite direction during a purchase of a certain asset. Certainly, in such binary options strategies large companies use real market option contracts. However, the 4-hour time period offered by Pocket Option allows any trader to try professional money management techniques.

Training in binary options trading
Training in binary options trading

Advantages of the Pocket Option terminal

  1. Reliability, stability and security.
  2. Availability of a training account on the website pocketoption.com.
  3. Intuitively understandable interface of the platform.
  4. The ability to add indicators to the chart for market analysis.
  5. A large choice of different assets (currency pairs, indices, stocks, cryptocurrencies).
  6. Choice of expiration time (from 1 min. to 4 hours).
  7. Availability of signals, analytical and training material
Pocket Option terminal
Pocket Option terminal

Broker’s quotation 

Pocket Option does not reveal any quotes providers on its website.Moreover, the company notifies the client beforehand in case he starts to work in the terminal accepting the Terms offered by the company then all the comparisons with other quotations are not taken into account. The data provided by Pocket Option is accepted as unconditionally correct and is non-negotiable.

Pocket Option broker review on demo account

The platform provides an opportunity to use a demo account for trading options.Click on the link, create a demo account and start trading binary options. One of the advantages is that  if the client wants to use a demo account, he will  only need to switch to the demo mode on the site pocketoption.com without filling out a registration form or entering any contact information.

However, the demo mode of the platform from Pocket Option is intended only to familiarize you with the program interface. There is an e-assistant to help the trader on the platform, which in a few steps shows the client its main functions. At the same time, it is not possible for the client to evaluate his analytical skills using the demo mode because the quotation flow in this mode is emulated randomly. Even by turning on the demo account at the weekend, the client will be able to see the changing charts of instruments which are not traded on the exchange at the current time due to its closure.

Therefore,  it is absolutely impossible to check how the emulated chart moves, how the performed in demo mode trades are processed. After all, if the program in the demo is made for mandatory movements of the chart for completed transactions, it can greatly change the client’s subjective assessment of their skills, which in the future will lead to a loss of money when switching from the demo to a real account.

Pocket Option demo account review
Pocket Option demo account review

Apps for Pocket Option broker 

Following the industry trends the company provides its clients with the opportunity to trade using various applications. From the company’s website, you can go to the Google Play or App Store marketplaces, where you can download apps for iOS and Android. For use on the computer you can get Pocket Option Terminal for Windows and Telegram web version for computers. Simplify your tasks, be aware of the release of adaptive apps and their updates, click on the link and download the appropriate application.

Apps for Pocket Option broker
Apps for Pocket Option broker

Bonuses of Pocket Option broker 

Company’s clients get the opportunity to increase their deposit by 50% on the first replenishment using the bonus funds provided by Pocket Option. This bonus is available only to clients who have deposited money here for the first time (the best bonuses of binary brokers). And every week we will be giving away $ 5500 to active traders on the Pocket Option platform.

Account top-up and money withdrawal from trader deposit

To put funds into your account you can use the variety of payment types, from credit cards to cryptocurrency. Pocket Option accepts almost any major form of payment, including:

  • VISA
  • Mastercard
  • Maestro
  • Debit Card
  • Bitcoin
  • Litecoin
  • Ethereum
  • Bitcoin Cash
  • Ripple
  • ZCash
  • Skrill
  • Neteller

Funds are mostly replenished automatically. However, in case of system errors and the need to make a payment manually, the project may require the client to provide information about the date and time of the transfer, the name of the payment method, the transaction identification number, and the wallet numbers of the sender and recipient.

Withdrawal of funds under the Terms of the public offer from the website pocketoption.com is always made in manual mode and is carried out within 3 working days. However, the company reserves the right to extend this period to 14 days by notifying the client beforehand. The withdrawal of funds must be carried out with the use of a payment system, and the minimum amount for replenishment is at least $10, as for the withdrawal, the amount is $10.

Account top-up and money withdrawal from trader deposit
Account top-up and money withdrawal from trader deposit

Complaints about Pocket Option broker

Reviews of Pocket Option in the net range from extremely negative to very positive. This situation is common in the sphere of binary options (basics of binary options). Negative reviews about pocketoption.com are almost always of the same type and are similar to comments about other platforms of this type. In particular, many reviews begin with the banal blocking of accounts by the broker, connected with withdrawal of  funds, with the requirement of documents up to the different certificates to make a withdrawal.

At the same time, according to the description of such situations, the broker does not refer to the points of the contract in any way, just not even confirming his opinion. Certainly, there are a lot of  positive reviews, usually they also look quite the same and sound one-sided. Clients who leave these reviews talk about long-term cooperation with the company, fast withdrawal, high-quality training, and often praise it, comparing with other brokers.

User agreement for Pocket Option trader as a broker’s regulator

The User Agreement is a document that in most cases helps a potential client to make an informed opinion about the company, to know essential rules for working with it, which can help him to avoid negative situations in the future. Let’s analyze the user agreement of the company Pocket Option, which is a public offer agreement and is located on the site pocketoption.com

Important points of the user agreement
Let’s start with the fact that any client of the company should be prepared for the fact that the company can request from him the documents confirming not only his identity, but also his financial activities (p.2.2.3.) as well as other companies of this type.
Already in the next p.2.3. the company notifies its client that he can have only one trading account, and in the case of an attempt to register a trading account again, it not only has the right to rescind the contract unilaterally, but also to reset the trading account, regardless of whether there are earned funds on it or just funds that have never been used in trading operations.
Further, in its public offer agreement, the company discloses issues directly related to trading. In particular, paragraph 2.7. notifies clients that it makes quotations using its own sources and no other quotation sources can be taken into account in case of disputes. Quite simply, the chart in the company may differ from the actual exchange prices.
In paragraph 2.9 the company prohibits the client to resort to any type of fraud, which, by a strange coincidence, includes hedging of transactions. Delving into the history of the appearance of option contracts, it is worth noting that the main purpose of their appearance was hedging, so the risk insurance. But judging by this point, the company requires clients to use the contracts provided to them for other purposes not for the generally accepted ones.
The following paragraph 2.10. of the agreement is rather peculiar. It states that the company keeps the right not only to rescind the contract, but also to reset the client’s trading results if it reveals the client’s unfair attitude towards the company. Unfair treatment not only includes, but is not limited to insulting employees, publishing negative reviews, etc.
Paragraph 2.1. states that the company may prohibit its clients to use the ability to copy the transactions of other clients within the provided services, if the client trades with small bets.
Paragraph 4.1. concerns the provision of quotations, discloses the formula by which the data used for broadcasting to the terminal is formed. They are formed at a price that is also different from the accepted in the brokerage industry price. This confirms the impossibility of using market analysis methods on the platform, because different stock quotations will significantly reduce the probability of implementing the analytical forecast.
Paragraph 4.8. notifies the client that the amount of the bonuses is not fixed in case of a positive outcome of the transaction, but it is determined by the company in the percentage that the client can see immediately before the transaction. It is possible that the bonuses in certain cases may be much less than initially stated.
The following paragraph 4.11.2. confirms and reveals the above points directly. In turn, this situation suggests that all the conditions that can be interpreted in two ways will eventually be interpreted in favor of the broker.
Paragraph 5.3. notifies the client that a transaction opened by him at one price can be executed at another, less profitable one. But in this case, the reason for this may be the incorrect operation of the software or hardware.
Table with the user agreement for Pocket Option service

Pocket Option broker is it a trading scam?

Having considered more thoroughly the activities of Pocket Option, it can be noted in our Pocket Option broker review that despite the fact that it started working not so long ago, however, it is ready to offer the clients a number of opportunities to earn money from binary options (binary options without risk). An interesting platform for work, an exclusive terminal, many options for depositing and withdrawing capital, the option of social trading, demo trading. All of these points show us that the project has seriously prepared to work at the market. It has a number of differences from other companies that provide their services to clients for much more time. The platform also offers opportunities for training in trading, and provides analytical materials. 

Final words

Binary options trading is especially popular today due to the simple principle of operation. Pocket Option is a new broker market which is ready to offer the trader a number of opportunities to make money from investing in options. In our Pocket Option broker review we answered if you should trust this new project or not? How will it show itself in communication with a real client? These questions are still to be answered, but we hope that the broker plans to achieve serious results in the market to win the trust of clients. For those who want to go deeper, follow the link and read our article about Best Binary Strategies for Pocket Option

Reviews

Pocket Option is the perfect broker for those looking for an easy and fast way to make trades. The site offers its traders excellent opportunities. The lowest minimum deposit and trading fees make it an ideal starting point for beginners. Get more actual information about Pocket Option binary trades you can on. Sign up – it will take you no more than 2 minutes.
If there are any complaints or positive impressions about Pocket Option, you can easily share them with other binary options traders right here to help them get acquainted with specifical cases. Write comments – help others!

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