5.0 / 5
Rating of the Binaryoptions.com team

Pocket Option review 2024: Scam or not? | Broker test

  • Welcomes international clients
  • Offers high payouts: 90% – 97%+
  • Professional-grade trading platform
  • Swift deposit process
  • Enables Social Trading
  • Provides free bonus incentives

Delve into my in-depth review to uncover the truth. As a seasoned trader, I’ve meticulously evaluated Pocket Option for you. Determine whether investing your funds in the binary options market with Pocket Option is a wise choice. My comprehensive review provides the clarity you need.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

At-a-Glance Facts: Pocket Option

⭐ Overall Rating: (5 / 5)
⚖️ Regulation:Licensed by the Mwali International Services Authority (License T2023322)
💻 Demo account:Available without limits
💰 Minimum deposit$5
📈 Minimum trade:$1
📊 Asset range:Over 100, including stocks, forex, indices, cryptocurrencies, and commodities
📞 Customer Support:Accessible 24/7 via phone, chat, or email
🎁 Bonus:Progressive deposit bonus system – higher deposits unlock larger bonuses
⚠️ Potential Returns:Can reach over 90%
💳 Deposit methods:A variety of methods including debit cards, e-payments, and cryptocurrencies such as Skrill, Neteller, ADV Cash, WebMoney, Payeer, and Perfect Money, along with Bitcoin, Litecoin, Ripple, and more
🏧 Withdrawal methods:Includes debit cards, e-payments, and cryptocurrencies with the same variety as deposit options
💵 Affiliate program:Available for partnership opportunities
🧮 Fees:Zero deposit, withdrawal, inactivity, or trading fees
🌎Languages Supported:Multilingual support, offering services in several languages
🕌 Islamic account:Swap-free accounts available for Islamic traders
📍 Headquarter:Located in Majuro, Marshall Islands (2017 – 2023), transitioned to the Republic of Costa Rica from 2023 onwards
📅 Year Established:2017
⌛ Account activation time:Typically within 24 hours
➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Introducing Pocket Option: A Brokerage Overview

Pocket Option stands out as a global Binary Options broker, offering investment opportunities in both rising and falling markets with the potential for significant returns. Owned by Infinite Trade LLC, this broker operates from its base in the Republic of Costa Rica and is registered under the number 4062001303240.

Navigating the Pocket Option Website

Upon visiting Pocket Option’s website, it’s immediately apparent how user-friendly and straightforward the design is. Traders have access to over 100 diverse assets for Binary Options trading, boasting yields upwards of 90%. With the possibility of creating thousands of trading combinations, starting your trading journey is remarkably swift and straightforward. Opening a new account takes mere seconds, and for those looking to hone their skills, a free demo account is readily available for platform practice.

Explore My Comprehensive Review on Youtube

Key Takeaways from My Pocket Option Experience

  • Situated in Costa Rica
  • Authorized by the Mwali International Services Authority
  • Offers high potential yields, over 90%
  • Boasts a user-centric trading interface
  • Provides an extensive asset portfolio with more than 100 options
  • Includes a no-cost Demo Account for trial and practice
➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Evaluating Pocket Option: Pros and Cons

Pocket Option emerges as a top-tier binary broker in our assessments, earning a 5-star rating. It stands out for its regulated and commendable platform, with various features. The platform’s reliability is evidenced by punctual payouts, compelling bonuses, and an intuitive user interface. Here’s a breakdown of Pocket Option’s advantages and disadvantages:

  • Substantial deposit bonuses
  • Comprehensive array of trading indicators
  • Intuitive, user-friendly platform
  • No-cost demo account for practice and learning
  • Oversight by the Mwali International Services Authority (MISA)
  • Opportunities for social trading
  • Assortment of free bonus offerings
  • Inherent high risk associated with binary options
  • Restrictions on trading size
  • Limited availability of certain trading indicators

Regulatory Status of Pocket Option: Detailed Insights

Is Pocket Option subject to regulation? Engaging with a regulated broker is crucial for safeguarding against fraud and capital loss. Pocket Option is an international broker that isn’t governed by any specific national government entity; in addition, it does lack two-factor authentication for an added layer of security.

Regulatory Body: Despite this, Pocket Option adheres to the regulations of the Mwali International Services Authority, holding a valid license (No. T2023322), which provides a level of oversight.

Global Restrictions on Binary Options: The inherently high risk associated with binary options has led countries such as Malaysia, Nigeria, the United States, and New Zealand to prohibit Pocket Option’s operations. This prohibition extends across Europe. Nonetheless, interested parties within these regions may still access Pocket Option’s free demo account.

Note: Pocket Option is unable to offer its services in jurisdictions that require specific local regulatory compliance.

Regulatory Warnings Concerning Pocket Option

Financial Authorities’ Alerts: Pocket Option has received several warnings from financial regulators regarding its operations without proper licenses in certain jurisdictions. For instance, the UK’s Financial Conduct Authority (FCA) released a warning in 2021 about Pocket Option’s unauthorized service provision in the UK. Moreover, in 2022, Pocket Option appeared on the Commodity Futures Trading Commission (CFTC)’s “RED List” for accepting U.S. customers without the necessary licensing.

Website Disclosures: A review of Pocket Option’s website footer reveals a notice specifying the regions where its services are not offered, including the USA and the UK, among others. This indicates a present-day recognition and adherence to regulatory expectations, although it is not clear whether Pocket Option may have operated differently in the past.

Ensuring Trader Security with Pocket Option

Security Measures: Pocket Option’s commitment to its users extends beyond providing quality services and holding regulatory certificates. Acknowledging the security challenges of today, the broker has established a variety of policies designed to safeguard clients against potential disputes and financial harm.

Regulatory and Compliance Assurance: As a regulated entity under the Mwali International Services Authority (MISA), Pocket Option functions as a compliant partner, capable of offering compensation to its clients should there be an unsatisfactory resolution of issues.

Traders have the right to submit claims directly to the Mwali International Services Authority (MISA) in such instances. Moreover, designated compensation funds are in place to address any financial losses incurred by traders.

Comprehensive Security Protocols Include

  • Upholding the confidentiality of trading details and personal data through stringent privacy measures.
  • Implementing responsible account management via a robust payment policy.
  • Enforcing Anti-Money Laundering (AML) standards and Know Your Customer (KYC) policies to maintain operational transparency.
  • Enhancing account security with two-factor authentication (2FA) protocols.

Broker Integrity: The presence of these security features firmly establishes Pocket Option as a legitimate broker. Such extensive protective measures would be inconsistent with the operations of a counterfeit broker, thereby reinforcing Pocket Option’s status as a credible trading platform.

Snapshot of Pocket Option’s Regulatory and Security Credentials:

Regulation:Mwali International Services Authority (License No. T2023322)
Data protection:Enforced
2-factor authentication:Implemented
Regulated payment methods:Available
Negative balance protection:Provided
➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Trustpilot Feedback on Pocket Option: Assessing Authenticity

The Trustpilot Rating Explained: In-depth research on Pocket Option reveals a commendable 4.0-star rating on Trustpilot, a platform renowned for its resistance to review manipulation. Nonetheless, the infallibility of online reviews can never be absolute; I’ve conducted a thorough examination to ensure their validity for you.

Distribution of Ratings: The ratings on Trustpilot predominantly reflect satisfaction, with a majority being 5 stars, accompanied by fewer 4-star and 3-star ratings. Notably, 1-star ratings present an uptick, frequently from individuals experiencing difficulties with withdrawals or voicing concerns about potential price manipulation by Pocket Option, with references to Over-The-Counter (OTC) trading.

Overall Trustpilot Sentiment: The collective insights from Trustpilot give a generally positive impression. It’s important to recognize that it’s nearly impossible for a broker to achieve a flawless review record in trading. Losses from ineffective trading strategies frequently lead to negative reviews, providing a realistic picture of the business’s performance.

Analyzing Trader Conditions on Pocket Option

Platform Access and Account Funding: Delving into Pocket Option’s functional aspects, we find that initiating trading activities is accessible, with the platform allowing a modest initial deposit of $5.

Furthermore, the platform is tailored to accommodate even small-scale traders, setting the minimum stake for each asset at just $1. To facilitate risk-free exploration of its features, Pocket Option extends a generous $10,000 demo account at no cost, enabling prospective traders to familiarize themselves with the platform’s offerings.

Making Deposits: The threshold for entering the trading arena on Pocket Option is set at a $5 minimum deposit. This is complemented by the platform’s versatility in payment options, boasting over 50 different methods to cater to a global clientele.

Significantly, Pocket Option ensures that your foray into trading is cost-efficient by forgoing any commission on deposits and withdrawals. The payment system’s operational readiness, available around the clock, underscores the broker’s commitment to user convenience and accessibility.

Profit Potential on Trades: Binary Options on Pocket Option boast an impressive profit range of 80 – 97%, a rate that is highly competitive within the industry. The potential yield may vary depending on the specific assets you choose to invest in.

The platform facilitates a dynamic trading environment, offering timeframes as brief as 60 seconds and up to 4 hours for trade maturity. My personal trading experience highlights the platform’s efficiency, with seamless trade executions and the flexibility to close positions before the expiration, an advantage that should not be overlooked.

Asset Variety: Pocket Option’s asset portfolio is diverse, encompassing a broad spectrum of financial instruments including Stocks, Forex, Indices, Cryptocurrencies, and Commodities. This rich diversity places Pocket Option’s offerings at the pinnacle of what’s available in the market.

Trading Conditions at a Glance

  • Potential returns on investments range from 80% to 95%.
  • A vast selection of over 50 payment methods to accommodate traders.
  • Start your trading journey with a modest initial deposit of $5.
  • Minimal investment per trade set at just $1.
  • Opportunity to engage in Over-The-Counter (OTC) Assets, which supports continuous 24/7 trading.
➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Understanding the Costs of Trading on Pocket Option

Concerns about excessive fees are commonplace in the trading world, especially when it involves less-than-reputable brokers. However, Pocket Option sets itself apart by ensuring transparency and fairness in its fee structure. Rest assured, you will not encounter any hidden or deceptive charges here.

Here’s a Summary of Pocket Option’s Trading Costs

Fee TypeAmount
Deposit Fees$0
Withdrawal Fees$0
Inactivity FeesNone applicable
Trading Fees$0
Forex Trading FeesNot applicable
Stock Trading FeesNot applicable
ETF Trading FeesNot applicable
Crypto Trading FeesNot applicable
Savings Plan FeesNot applicable

This fee structure underscores Pocket Option’s commitment to providing a cost-effective trading environment. In essence, Pocket Option ensures that you won’t be burdened with any fees for your trading activities, deposits, or withdrawals.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Evaluating the Pocket Option Trading Experience

Platform Usability: My personal assessment of Pocket Option is that it excels as a trading platform. The interface appears to be uniquely designed, providing a trading environment that is intuitive and user-friendly. The clarity with which market movements can be monitored is commendable, and the platform’s adaptability is evident through its array of customization options, including various indicators and chart types available for use.

Additional Trading Tools: For those seeking advanced trading capabilities, Pocket Option also supports integration with MetaTrader 5, broadening the scope of analytical tools at your disposal.

Diverse Trading Opportunities: The Pocket Option platform affords traders the choice among 100 different assets, allowing for comprehensive analysis and strategy development. Whether opting for a call or put option, you have the freedom to execute trades based on your market insights. Furthermore, the social trading feature presents an opportunity to replicate the strategies of successful Pocket Option traders, thereby potentially enhancing your own profitability.

Trading Across Devices: Engage in trading from any location worldwide with Pocket Option’s sophisticated mobile application, designed to bring the global markets to your fingertips. The platform earns a full 5-star rating in my analysis, with its aesthetic appeal and functional prowess standing out.

Cross-Platform Availability: Pocket Option provides a seamless trading experience on a desktop or a mobile device. The app, available on Android and iOS—an offering not all brokers can claim—mirrors the efficiency and robustness of the web platform.

App Usability: The mobile app’s performance matches that of the web platform and is free from technical glitches or delays. This level of operational smoothness across platforms underlines the platform’s versatility and suitability for traders of all preferences.

Key Features of the Trading Platform

  • A diverse array of chart types for comprehensive analysis.
  • Time frames range from a rapid 5-second snapshot to an expansive daily overview.
  • A suite of free indicators and analytical tools at your disposal.
  • An interface that can be tailored to individual preferences, enhancing user experience.
  • Social Trading, Signals, and Tournaments features to engage with a community of traders.
  • Exceptionally swift execution of trades, minimizing delays and slippage.
➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

MetaTrader 5

MetaTrader 5 is available on Pocket Option and is the world-famous platform for Forex traders. You can go to your account dashboard and download MT5 for free. Over 30 currency pairs and 40 other assets are available on MT5, with variable spreads and no commissions.

Leveraging Pocket Option’s Indicators for Trading Success

The Essential Role of Indicators: When trading binary options, quickly you’ll realize the necessity of using technical indicators to effectively decipher market trends and patterns. Such tools are pivotal for crafting successful strategies. Pocket Option is well-equipped in this regard, providing an extensive suite of indicators within its trading platform.

Diverse Range of Tools: Pocket Option’s arsenal includes over 30 varied indicators, ensuring that traders have the necessary resources to make informed decisions.

Spotlight on Top Indicators: For a more strategic approach, consider these top 13 indicators that Pocket Option traders frequently utilize:

  • RSI (Relative Strength Index)
  • Stochastic Oscillator
  • CCI (Commodity Channel Index)
  • Bollinger Bands
  • Donchian Channel
  • Moving Averages
  • Fractal Indicator
  • Vortex Indicator
  • Accelerator Oscillator
  • Average True Range
  • OsMA (Oscillator of Moving Averages)
  • Momentum Indicator
  • Price Rate of Change

Further Exploration: These thirteen are just a snapshot of the comprehensive list of over 30 technical indicators available to traders on Pocket Option. For those keen to delve deeper and refine their trading tactics, additional insights and guidance on utilizing these indicators can be found in our dedicated article about the best Pocket Option indicators.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

On-the-Go Trading with the Pocket Option Mobile App

Trading Freedom: For those who prefer the flexibility of trading not just from a stationary desktop but from anywhere, the Pocket Option mobile app is a game-changer. It enables traders to execute trades and monitor markets no matter their location.

App Accessibility: Whether you’re an Android user or an iPhone enthusiast, Pocket Option has got you covered. The app is readily downloadable from both the Google Play Store and the Apple App Store, ensuring that it caters to a wide user base. It’s designed to function seamlessly on both smartphones and tablets, providing a robust trading experience on iOS and Android devices alike.

Comprehensive Functionality: All the features that you’ve come to expect from the desktop browser version of Pocket Option are fully integrated into the mobile app, providing a consistent trading experience across platforms.

User-Friendly Design: With its straightforward and intuitive interface, the app is optimized for mobile trading. Installation is quick, navigation is smooth, and the trading process mirrors that of the web platform, maintaining the choice of high or low option trades. Best of all, the app is completely free, which means no extra costs for mobile capability. To ensure optimal performance, the app requires iOS 11 or later, or Android 4.4 or higher for Android users.

➥ Download the Pocket Option app for free

(Risk warning: You capital can be at risk)

Trading on Pocket Option: Strategies for Market Fluctuations

Pocket Option serves as a versatile platform for betting on market movements, allowing traders to forecast the direction of asset prices, including Forex, Stocks, Cryptocurrencies, and more. Keep in mind that all binary options have a set expiry time, which defines the duration of the trade—from the shortest to the longest time frames. Once this time elapses, trades conclude automatically.

Understanding the Order Mask: Binary options are straightforward—simply predict if an asset’s price will rise or fall. A green button signifies a prediction for price increase, while a red button denotes a forecast for a decline.

#1 Executing a Trade

Using the trading panel, you can customize your trading parameters, such as the amount and timing. Trades are placed based on your prediction of the asset’s price movement.

Begin by selecting from an extensive list of assets within the app, including commodities, various currency pairs, and stocks. Use the search function to locate assets by name or categorize them. You have the option to mark any asset as a ‘favorite,’ which can be advantageous as preferred assets are easily accessible, potentially enhancing profitability when these assets’ values increase.

Setting Up Purchase Time for Digital Trades: Initiate your digital trade by selecting your preferred purchase time from the menu. Note that the expiration time will be the chosen purchase time plus an additional 30 seconds. For precise control, you can directly set a specific time in the ‘Expiration time’ section.

Adjusting Trade Amounts and Utilizing Strike Prices: Within the app, modifying the trade amount is effortless—simply tap the plus (+) or minus (–) symbols in the ‘Trade Amount’ section to increase or decrease your investment level. Strike price adjustments are also available, enabling you to initiate trades at a value above or below the current market price, which in turn affects the payout ratio. Remember, payout percentages fluctuate based on the differential between your strike price and the current market price.

Analyzing Price Trends and Forecasting: The app provides detailed charts for monitoring price trends, aiding in the development of your predictive model. If you anticipate a price increase, select the ‘UP’ option; if you expect a decrease, choose the ‘DOWN’ option. Once your order is placed, you will receive a prompt confirmation of whether your forecast was accurate, with successful predictions yielding profits. Should you need to manage your trades, the ‘Trades’ section offers options to cancel or close open positions as desired.

#2 Implementing Express Trades

Express trade leverages a multifaceted approach, taking into account a variety of events affecting numerous trading assets. Activating express trade mode means each selection—signified by a green (for an increase) or red (for a decrease) button—compounds the overall forecast. This method aims to capitalize on the collective outcome, potentially outperforming individual digital trades in profit.

Initiate Express trading by selecting the ‘Express’ button within the Pocket Option application. Proceed by choosing an asset type and formulating predictions for two distinct assets. Subsequent to these steps, execute the Express trade.

To review active orders, navigate to ‘Express’ and click the ‘Opened’ button. Conversely, to inspect the concluded orders, switch to the ‘Closed’ tab within the panel.

#3 Monitoring Trades

The Pocket Option app offers tools to monitor live trading activity. To access this feature, tap the ‘Trades’ button, which reveals a pop-up menu displaying current session transactions. To view ongoing trades, simply select ‘Open Trades’ within the Trades section.

Trade History in Binary Options: Should you wish to review finalized trades from your current session, visit the Trade Section and choose the ‘Closed Trades’ button. To explore a detailed account of live trading activity, the ‘More’ option will provide this insight.

#4 Setting Up Pending Trades

The ‘Pending Trades’ feature provides the capability to schedule trades for execution at a predetermined time or when an asset reaches a specific price, offering strategic control. This option also allows you to preemptively close a trade to minimize potential losses. To establish a time-based trade, select the desired asset and specify the exact time and date for execution.

Once you have input the investment amount and confirmed the order, monitor its status via the ‘Current’ tab. To set a trade based on asset price, pinpoint the asset, determine the opening price, and adjust the payout percentage accordingly. Following these selections, confirm the amount and finalize the order. Should you need to retract a pending order, simply access the ‘Pending Orders’ tab and use the ‘Close’ button to cancel it.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Trading Example: Bitcoin with a 90% Payout

Let’s look at a practical scenario within this Pocket Option platform. If you initiate a trade on Bitcoin with a $1,000 stake, and your market prediction is accurate, you stand to receive a payout of $1,900. This means a profit of $900 plus the return of your initial $1,000 stake. It’s transparent—with no concealed charges for your investment.

Consider exploring my YouTube channel for a clearer understanding and step-by-step guidance on binary options trading.

Watch the complete Pocket Option trading tutorial video here:

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Social Trading – Emulate Trades from Top Performers Effortlessly

Pocket Option enhances your trading experience by allowing you to mirror the strategies of the platform’s most successful traders. This feature, known as “social trading,” is exclusively active for live accounts. By accessing the “social trading” menu, you can browse the profiles of the top traders currently active on the platform.

You have the option to add a trader to your “watchlist” to observe their strategies over time. Should you ascertain a trader’s proficiency and feel confident in their approach, you can commence copying their trades with a single click. This capability to scrutinize and follow a trader’s long-term success offers a substantial benefit. Leveraging a trader’s historical performance with a consistent win rate can be a strategic method to augment your profit potential on Pocket Option.

Setting Up Your Trading Account on Pocket Option

Are you ready to put your trading skills to the test with Pocket Option? Setting up an account is easy. Find out how to get started here:

  1. Go to the homepage and click on the “START IN ONE CLICK” button.
  2. To familiarize yourself with the platform, begin with the demo account by clicking “CONTINUE DEMO TRADING.”
  3. After you feel comfortable with practice trading, find and click the “Registration” button at the bottom left corner of the screen.
  4. Select your preferred registration method (via email, Google, or Facebook) to create your account.
  5. Complete the registration by filling in all the necessary details.
➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

The following screenshots will guide you through the first three steps, leading you to the registration form where you can complete your account setup.

After completing your registration, you’re all set to start trading. Note that some features require account verification, which will be covered in a later section of this guide.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Pocket Option Account Types

Pocket Option caters to a wide range of traders by offering diverse account types, each with its own set of specifications. Here’s an overview:

Hier ist die Tabelle mit den angegebenen Spezifikationen und Kontotypen:

Account TypeSpecifications
Demo Account– Virtual funds: up to $10,000
– Top up anytime
Novice Trader– Account balance: less than $100
– Maximum transaction limit: $1,000
Beginner Trader– Account balance: $100 – $1,000
– Access to the lottery of crystals, express orders, and trading achievements
Experienced Trader– Account balance: $1,000 – $5,000
– Increased profitability by 2%
Master Trader– Account balance: $5,000 – $15,000
– Maximum transaction limit: $2,000
– Increased profitability by 4%
– Priority withdrawal processing
Professional Trader– Account balance: $15,000 – $50,000
– Maximum transaction limit: $3,000
– Increased profitability by 6%
– Dedicated personal account manager
Expert Trader– Account balance: from $50,000
– Maximum transaction limit: $5,000
– Increased profitability by 8%
– High priority for withdrawals
– Access to premium gifts and personal discounts
MT5 Forex Account– Available to traders from the experienced level
– Leverage options ranging from 1:10 to 1:1000
– Floating spread starting at 1.1 pips

These account types are designed to accommodate traders at different stages of their trading journey, from starting with a demo account to seasoned traders managing significant balances.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Is it possible to utilize a demo account on Pocket Option?

Absolutely, Pocket Option provides a complimentary demo account to all users eager to dive into the world of binary options trading. This demo account serves as a training ground before committing to actual investments on the platform. Engage in trading with virtual currency with the ease of a single click—there is no need for registration or a deposit to commence practice trading with this virtual money.

Many traders embark on their journey in the demo account, acquainting themselves with the trading process prior to investing real money. I highly endorse that all users, regardless of familiarity with this review or the platform, take advantage of the demo account for practice.

Advantages of the Pocket Option Demo Account

  • Free and Limitless: The Pocket Option demo account boasts an infinite supply of $10,000 in virtual funds. If you deplete these funds, simply recharge with one click.
  • Ideal for Beginners: Particularly if you’re new to binary options trading, the demo account is the perfect venue to learn and hone your trading skills.
  • Seamless Transition to Real Trading: After gaining confidence and mastering binary options trading through the demo account, you can effortlessly switch to trading with real capital.

Remember, the demo account is the safest place to familiarize yourself with the trading platform and develop effective strategies without financial risk.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Navigating Your Pocket Option Trading Account

Understanding the Login and Verification Process

Understanding the login and account verification procedures is essential for fully engaging with all the features available on Pocket Option.

Logging into Your Pocket Option Account

If you’ve already registered for an account on Pocket Option, signing in is a straightforward process:

  1. Go to the Pocket Option website at pocketoption.com or look up the broker on Google.
  2. Once on the site, focus on the upper right corner and click the “Log in” button.
  3. Enter your registered email and password in the respective fields.
  4. Complete the reCAPTCHA challenge to confirm you’re not a robot.
  5. Click “LOG IN” to access your account.

For convenience, you can choose to remember your login details on your device, allowing you to stay logged in for quicker access during future visits.

Type in your e-mail and your password, do the reCAPTCHA, and press “LOGIN”. If you want, you can save your details and stay logged in.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Verifying Your Pocket Option Trading Account

Ensuring full functionality and security on Pocket Option requires account verification. Here’s how you can complete the process:

  1. Log In: Access your account using your login credentials.
  2. Account Settings: Navigate to your personal account settings, often labeled ‘profile’.
  3. Identification Document: Prepare a digital copy of an official identification document, such as your ID, passport, or driver’s license.
  4. Document Upload: Submit the scanned copy of your ID for verification.
  5. Verification Tracking: Keep track of the verification status in your account settings.

Additional Verification – Address Proof

You’ll also need to provide proof of address. Acceptable documents include a bank statement or a utility bill (like electricity), but ensure the document includes your name and matches the personal details of your trading account. Remember, the full document should be visible—avoid submitting cropped images to ensure all pertinent information is present and readable.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Pocket Option’s Diverse Payment Options for Deposits and Withdrawals

Pocket Option stands out for its wide array of payment methods, which total approximately 50 options for both deposits and withdrawals.

Highlights of Pocket Option Payment Methods

  • Minimum Deposit: You can start trading with as little as $5, which can be paid via credit cards, various e-payment systems, or cryptocurrencies.
  • Withdrawal Efficiency: Withdrawals are processed swiftly, typically within a 24-hour window, and the minimum withdrawal amount is $10.

Detailed Payment Method Facts

  • Minimum Requirements: The threshold for deposits is set at $5 and for withdrawals at $10.
  • Instantaneous Deposits: Electronic payment methods enable immediate fund deposits.
  • Multiple Platforms: Pocket Option accepts credit cards, Skrill, Neteller, ADV Cash, WebMoney, Payeer, and Perfect Money.
  • Extensive Cryptocurrency Options: A broad selection of cryptocurrencies is accepted, including Bitcoin, Litecoin, Ripple, and others.
  • Zero Additional Charges: Transactions are conducted without any commissions or hidden fees.

With Pocket Option, traders can choose from an extensive range of payment methods tailored to their preferences, ensuring a seamless trading experience.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Depositing Funds into Your Pocket Option Account

To commence trading on Pocket Option, follow these straightforward steps to add funds to your account:

  1. Go to the Pocket Option website and log in to view your dashboard.
  2. Locate and click the “TOP-UP” button, which is prominently displayed at the top of the page.
  3. Choose from the variety of available payment methods.
  4. The minimum amount required for a deposit is $5. Select your preferred payment method and proceed as instructed.

Once your deposit is successful, and your account is credited with at least the minimum amount of $5, you’re all set to begin trading on the platform.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Deposit Bonuses on Pocket Option

Pocket Option incentivizes both new sign-ups and loyal users with deposit bonuses, which vary depending on the amount you choose to fund your account with.

Understanding Deposit Bonuses

Calculating Your Bonus

The bonus percentage increases with the deposit amount. Here’s an example for clarity

  • Deposit Amount: If you decide to deposit $5,000 into your Pocket Option account,
  • Bonus Received: You’ll receive an additional 43% bonus, amounting to $2,150.
  • Total Balance Post Deposit: After the bonus is applied, your trading account will reflect a total balance of $7,150.

This system is designed to enhance your trading capacity with extra funds, providing a more substantial base for trading.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Withdrawing Money from Pocket Option

Withdrawals on Pocket Option are streamlined and efficient, provided that your account is verified. We tested it for you and here’s what you need to know:

  • Cashback: Pocket Option provides a cashback of up to 10% on your deposits or losses, adding a layer of security to your trading ventures.
  • Account Verification: Before you can withdraw any funds, ensure that your account is verified. This is a mandatory step since the broker restricts payouts to unverified accounts to ensure security and compliance.

Exploring the Bonus System and Awards

Pocket Option’s bonus system presents multiple avenues to enhance your trading capital:

  • Deposit and No-Deposit Bonuses: These bonuses can significantly increase your account balance.
  • Risk-Free Trades and Cashbacks: Pocket Option mitigates trading risks by offering risk-free trades and cashback options.
  • Promo Codes: Keep an eye out for promotional codes that can provide additional bonuses.

Earning ‘Gems’ – Active traders are rewarded on Pocket Option:

  • Trading Volume Rewards: High trading volumes earn you “Gems.”
  • Award Shop: You can use these Gems in the award shop to purchase extra bonuses, increasing the value you get from trading on the platform.

Remember, making the most of Pocket Option’s features, including bonuses and withdrawal options, begins with a verified account. Complete this crucial step to fully engage with the platform’s offerings.

Pocket Option Bonus System Review

Pocket Option’s bonus system is extensive, offering various bonuses with specific terms. While each bonus requires meeting certain conditions, you have the option to cancel bonuses at any time directly from your account. Just remember, to withdraw bonus-related earnings, a 50x turnover is needed.

Key Points of the Bonus System

  • Deposit and no-deposit bonuses increase trading funds.
  • Risk-free trades to safeguard against losses.
  • Cashback offers a rebate on trading activity.
  • Gems provide bonus points for trading milestones.
  • Boosters enhance trade profitability.
➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Support and Service for Pocket Option Traders

Reliable customer support is crucial for traders to establish trust. Pocket Option provides swift and attentive chat support as highlighted in the review.

Additional Support Channels

  • Phone and Email: There is comprehensive support available through phone and email.
  • Multilingual: Assistance is offered in over five languages, ensuring broader accessibility.
  • EU Presence: An agent is available in the EU, specifically in the Czech Republic.

Key Support Features

  • Available 24/7 across phone, email, and chat services.
  • Contact via phone at +44 20 8123 4499.
  • Email support available at support@pocketoption.com.
SupportOperation timePhoneEmail
Phone, Chat, Email24/7+44 20 8123 4499support@pocketoption.com

Educational Resources

Pocket Option is dedicated to trader education, providing a substantial section for learning.

  • For All Levels: Catering to both beginners and seasoned traders.
  • Learning Materials: Access to video tutorials and new trading strategies crafted by Pocket Option experts.
  • Detailed Explanations: Each educational piece delves into the intricacies of trading mechanisms.

It’s emphasized that gaining knowledge through these resources is vital before engaging in live trading with real funds.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Leveraging Trading Signals on Pocket Option

Utilizing Trading Signals

For those who may not have ample time for market analysis, Pocket Option provides a solution to still potentially profit from trading. Alongside copy trading, Pocket Option also offers trading signals which can be pivotal in identifying lucrative trading opportunities.

Availability of Signals

Not all binary options platforms provide trading signals, but Pocket Option stands out because it does. Here’s how to use them:

  1. Access your account and trading desk on Pocket Option.
  2. Look for and click the “Signals” button, which you’ll find on the right side of the interface.
  3. A list of signals generated by Pocket Option’s system will be displayed.
  4. If you wish to use a signal, simply click “Copy signal” for the trade you’re interested in.

Executing Trades with Signals

Once you’ve clicked “Copy signal,” you’ve effectively set a trade based on that particular signal. This feature is not only a strategic tool for making trades but also serves as an educational resource, enhancing your trading skills as you observe and learn from the signal patterns and outcomes.

Note: Pocket Option does not support trading robots, but its signals provide a user-friendly alternative for automated trading insights.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Global Availability of Pocket Option Trading

Accessible Locations for Pocket Option

Pocket Option is not universally available, with certain countries fully permitting their trading services. Here is a summary of where Pocket Option is accessible.

Available Countries

  • China
  • India
  • Japan
  • Malaysia
  • Persia (Note: “Persia” often refers to Iran in a historical context. Modern-day usage might be referencing Iran)
  • Russia
  • Serbia
  • South Korea
  • Brazil
  • Thailand
  • Turkey
  • UAE

…and several others. The complete list can be viewed on the Pocket Option website.

Banned Countries

  • All member states of the European Union
  • Israel
  • Japan
  • United Kingdom (UK)
  • United States of America (USA)

For those in locations where Pocket Option is available, they enjoy access to the platform’s full suite of trading options. If you’re in a region where it’s banned, unfortunately, you will not be able to trade through Pocket Option. Always check the latest regulations in your country before attempting to trade.

What are Pocket Option Alternatives?

Pocket Option holds its ground well against our other two prime binary brokers. Awarding Pocket Option a flawless score of 5 out of 5 stars is justified because the broker is regulated, promises high returns and bonuses, has an outstanding and feature-rich interface, and enjoys widespread popularity among its user base.

Pocket Option sets the bar high in the industry for binary trading and is featured prominently in our broker comparison lineup.

1. Pocket Option2. Olymp Trade3. IQ Option
Rating: 5/55/55/5
Regulation:MISAInternational Financial CommissionN/A
Digital Options: YesYesYes
Return:Up to 93%+Up to 90%+Up to 100%+
Advantages:Provides 30-second tradesAvailable 100% bonusOffers CFD and forex trading as well
Disadvantages:Requires a higher minimum depositDoes not offer the highest returnNot accessible in every country
➔ Sign up with Pocket Option➔ Visit the Olymp Trade review➔ Visit the IQ Option review

Explore alternatives to Pocket Option to find your ideal trading platform:

This comprehensive list presents a side-by-side analysis, enabling you to weigh the pros and cons across various attributes and features offered by these competing brokers.

Does Pocket Option Offer An Affiliate Program?

Indeed, Pocket Option extends an affiliate program to all traders eager to recruit new participants for the brokerage. Partners can reap profits of up to 80% from the revenue generated through Pocket Option, presenting ample prospects for earning additional income.

Engaging new traders is feasible via diverse channels such as social media platforms, websites, YouTube, and other advertising mediums. By directing them to sign up through your unique partner URL, you stand to gain commissions from the broker as these referred traders commence their trading and investment journey.

Conclusion of my Pocket Option Review 2024: Scam or Legit Broker?

After completing my review, Pocket Option stands out as a reliable binary options broker. It offers a wide range of assets promising lucrative returns for traders. Binary options trading is made simple and accessible on this platform, with an extensive education center to address any further questions. I consider the platform a top choice due to its quick customization options worldwide. In addition, the platform’s user-friendliness makes for an enjoyable trading experience.

Pocket Option allows both deposits and withdrawals and offers a variety of payment methods. Setting up an account is quick, taking less than five minutes, and you can start trading with a minimum starting balance of $5, which is exceptional value for traders of any caliber. Deposits of large amounts are also accepted. The only downside to Pocket Option is the lack of strict regulation by a financial authority. Nevertheless, in my experience, this broker proves to be extremely practical.

The Advantages of Pocket Option

  • Welcomes international clients
  • Offers high payouts: 90% – 97%+
  • Diverse range of over 100 assets
  • State-of-the-art trading platform
  • Prompt and reliable customer support
  • Facilitates social trading
  • Multiple payment methods for convenience
  • Transparent fee structure with no hidden charges
  • Minimum deposit requirement is low
  • Simplified process for withdrawing funds

In essence, Pocket Option showcases an impressive bonus scheme and stands as a trustworthy trading platform in this review, making it one of the foremost trading platforms available.

➥ Sign up with Pocket Option for free now!

(Risk warning: You capital can be at risk)

Frequently Asked Questions (FAQ)

Is Pocket Option regulated?

Yes, Pocket Option is regulated by the Mwali International Services Authority (MISA). However, it is not overseen by any official government financial authorities.

Is Pocket Option a good broker?

In my assessment, Pocket Option is a dependable broker. It allows users to engage with a demo account, conduct trades without fees, and manage deposits and withdrawals at no extra cost, all while offering the potential for high returns (96%+). The platform also provides robust support and social trading features.

Is Pocket Option available in the USA?

No, Pocket Option is not available to US traders as it lacks regulation from the Commodity Futures Trading Commission (CFTC). Nonetheless, US-based individuals can still access a free demo account.

Is Pocket Option safe?

Pocket Option is a legitimate and secure broker for trading binary options. The platform ensures the safety of funds and facilitates easy withdrawals.

How long does the Pocket Option withdrawal take?

Withdrawals at Pocket Option are typically processed swiftly. During our testing, funds were credited by the following day. However, the withdrawal time frame can extend up to 5 days, depending on the chosen method and the day of the week. Electronic wallet and credit card transactions are usually quick, while bank or wire transfers may take 4-5 business days, and cryptocurrency withdrawals average 2-3 business days.

Can you make money on Pocket Option?

Certainly, profiting from trading on Pocket Option is feasible, and some individuals do so full-time. Nevertheless, it’s important to recognize the inherent risks; losses are a possibility. Successful trading hinges on a sound strategy and timely market entry. There is no cap on potential earnings with Pocket Option.

What does OTC mean on Pocket Option?

OTC on Pocket Option refers to Over-The-Counter trading. These are assets and charts available for trading during weekends, differing from regular stock exchange charts which are inactive outside trading hours. OTC assets are not traded on an exchange when closed; hence, Pocket Option utilizes OTC charts for weekend trading.