Is Pocket Option legal in the United Kingdom? Review for UK traders

Pocket Option is an online trading platform. It is a very popular platform for trading in the financial markets. Pocket Option is an international Forex, binary option, and CFD trading broker that is open to users all over the world. Pocket Option was established in 2017. Its headquarters are located in the Republic of the Marshall Islands. 

Pocket Option is owned by Gembell Limited, which is located at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands. 

The broker offers a regulated trading platform to traders in over 90 countries, including the United Kingdom. You can easily sign up for a demo or live account and start trading binary options or Forex trading in Pocket Option. Furthermore, you don’t have to pay any sort of deposit, withdrawal, and trading fees. Pocket Option also has its own mobile application for both Android and IOS.  

Another perk of trading on Pocket Option is that the broker offers high bonuses and promotions along with high payouts. Pocket Option also has an instant deposit method, and the whole withdrawal procedure takes less than 24 hours to process. The demo account offered by Pocket Option is also a one-click process, and then you can start trading with virtual money. Pocket Option also has high/low trading in binary options.  

Pocket Option offers lots of features and trading tools along with some other special features to enhance the trading experience of the traders. The broker offers a demo account for practicing and getting to know the tools and features better. Not only that, but the platform also has a variety of assets to trade along with other benefits. 

You can trade on Pocket Option any time you want and can get different assets to trade any time of the day. Their support services are also available at all times for its users to clear any questions or queries that the users might be facing. 

Is Pocket Option legal in the United Kingdom?

Pocket Option is one of the many legal online trading platforms in the United Kingdom. If you want a full-time career in trading, you might as well start with us because we have the best user-friendly interface that enables you to earn more while you can also sit back and enjoy your life. Pocket Option is definitely one of the best platforms you can find in the United Kingdom for trading. We are aware of the initial jitters. That’s why we ensure you that Pocket Option is a secure platform for trading licensed by the IFMRRC

The online trading market in the United Kingdom is regulated by the Financial Conduct Authority (FCA), which means that binary options trading and Forex trading are absolutely legal in the United Kingdom. 

Online trading regulations in the United Kingdom 

Online trading, Forex trading in the United Kingdom is regulated by the Financial Conduct Authority (FCA). The traders in the United Kingdom are free to trade online. Binary options trading and Forex trading are both regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which means that it is absolutely safe and low risk for the traders to trade on any well-known online trading platform. 

Regulations of Pocket Option 

The online trading platform, Pocket Option, is regulated by the International Financial Market Relations Regulation Center (IFMRRC) situated on Marshall Island. The platform also has an anti-money laundering policy to avoid any mishaps and scams. 

Pocket Option is very safe and secure to use by its users because it is regulated by the International Financial Market Relations Regulation Center (IFMRRC).  

It’s important to have some policies to avoid any sort of money concealment and for protecting the client’s privacy, which is why Pocket Option has an Anti-Money Laundering policy and Know-Your-Customer or KYC policy.  

Review of Pocket Option for UK traders

Pocket Option is one of the most well-known online trading platforms worldwide. The platform is best known for its high payouts and fir binary options trading. The broker also offers several additional bonuses and promotions to the traders. Not only that, but Pocket Option also has various trading instruments available for its users to make their trading experience better and easier.  

The platform also has its own mobile app for Android and IOS both, with some additional features. Pocket Option also has easy deposit and withdrawal methods available. Furthermore, it has various educational materials available like video tutorials, guides, and various other trading strategies.  

Pocket Option is vitally one of the most trustworthy and reliable online trading platforms because it is regulated by the Financial Market Relations Regulation Center (FMRRC), which protects clients from any sort of fraud and scam. Binary options trading and Forex trading are legal in the United Kingdom that is regulated by the Financial Conduct Authority (FCA). 

Pocket Option is available in more than 20 languages such as Hindi, English, Urdu, Portuguese, French, Turkish, etc. It has a very high customer loyalty. They are one of the most loyal and trustworthy online trading platforms. 

You can also customize the platform according to your convenience. Things like color theme, chart type, etc., are all customizable, and you can choose how to! Not only that, but you can also communicate with other traders from around the world with the built-in chat option, which can be easily accessed by both your phone or laptop.  

Binary trading option 

A binary option is a digital trading option having a loose or win option which offers a fixed payout in which you predict the correct outcomes from two possible results. It’s called binary option because there are only two possible outcomes; it’s either win or lose. If you can predict the right option, you get the payout; however, if your prediction is wrong, you get nothing. Pocket Option has this binary trading option which is an excellent option for the users in trading.  

Binary option in the United Kingdom is legal to use, and it is also properly regulated by the Financial Conduct Authority (FCA). Binary options trading is absolutely safe and secure for traders of the United Kingdom market.  

Types of accounts on Pocket Option  

Pocket Option offers two types of accounts for trading to its users, Demo account and Live account – 

  • Demo Account 

Starting with the demo account on Pocket Option is very easy as you don’t even have to register to get started, and you can even trade binary options with the virtual $10,000 amount that you get when you click on “start in one click.” You can get to know the inner workings of the platform and its various features by using the demo account. The experienced traders can use the demo account to get to know the trading platform better, and the new traders can practice and get to know if the platform is suited for them.  

  • Live Account 

You can easily switch to the live account from the demo account by making a deposit of a minimum of $50. With the live account, you will get access to various features like tournaments, indicators, and many more. You will even get access to video tutorials, education materials, along with other benefits. With the live account, you get various new opportunities to step up your trade and earn better profits. 

Features on Pocket Option

Pocket Option has a lot of special features that UK users can use for trading online. They have major features like social trading, tournaments, achievements, Indicators, and Signals, etc. Let’s take a look at these special features available with Pocket Option –  

  • Social Trading 

In the Pocket option, we believe that observation is vital for trading, and we learn best by observing others. Thus, the social trading feature allows you to take a look at other traders buying and selling habits. This allows you to gain insight into your techniques of trading as you can see other traders’ trading habits and learn from them. It is one of the useful features of Pocket Option. 

  • Tournaments 

This special feature allows you to compete with other traders for prizes, and you can also see how your opponent is trading. Pocket option believes in spicing up things for its traders. You can get a maximum of $50,000 for winning along with other prizes and achievements.  

  • Achievement

Achievements are a part of the tournaments. They are as useful as the prizes that you can win in tournaments. You can get bonuses, trading funds, and various other perks to help you get better profits in Pocket Option. 

  • Indicators and Signals  

With the Indicators and Signals feature, you can keep track of when you will earn the most from trade. This feature shows when prices increase or decrease. We ensure that you relate Pocket Option to high profits! 

Withdrawal fees 

Online trading sites often charge money withdrawal fees from the traders but, Pocket Option does not charge any commission for the whole withdrawal process. What’s the point if we take away all your profit? However, it so happens that even though Pocket Option doesn’t charge any fees, the banks might charge some price for the whole transaction process. 

Trading fees

In order to start trading on Pocket Option, you need to make a bare minimum investment of $50, and after that, you are free to trade online but, Pocket Option doesn’t charge anything for trading on their platform. You are free to trade online on Pocket Option without paying any extra hidden charges. 

Assets to trade on Pocket Option

Pocket Option offers a wide range of assets to trade. It has over 100 assets for its consumers to trade. Pocket Option offers a variety of betting assets such as Forex, indices, actions, cryptocurrency, and commodities. –

  • Cryptocurrency

They provide over 30 different cryptocurrencies for trading, including Bitcoin, Ethereum, and EOS.

  • Equities

They provide over 30 stocks to invest in, including Google, Apple, Facebook, HP, McDonald’s, Walt Disney, Microsoft, Intel, and others.

  • Commodity Markets

Pocket Option primarily offers four commodities for its consumers to trade: gold, silver, UK Brent, and US Crude.

Deposit and withdrawal methods on Pocket Option in the United Kingdom

Pocket Option members have access to approximately 50 deposit and withdrawal methods. You can pay using a variety of methods, including bank wire, debit/credit cards, bitcoin, or PayPal. E-payment — Cards such as MasterCard, Visa, Maestro, Mir, and so on.

Cryptocurrency, such as Bitcoin, Litecoin, Zcash, Stellar, Ethereum, PAX, and others.

E-payment methods such as QIWI wallet, VLoad, Yandex Money, WebMoney, Jeton, Perfect Money, Advcash, and others.

On this online trading platform, all of these payment choices are quick and absolutely secure. You can use one of the many payment options from this extensive list at your leisure.

Deposit bonus on Pocket Option  

Pocket Option makes it easy to customize your deposit bonus based on your payment methods and the amount you have placed for trading. The greater your deposit on the trading platform, the greater your bonus amount.

If you want a larger bonus on Pocket Option, you will need to deposit more money. We even provide you a 50% welcome offer on your very first deposit because we want you to succeed. You can also easily activate or cancel your bonus at any moment.

How to open an account on Pocket Option in the United Kingdom?

Pocket Option provides a demo account and a live account to all its users. The steps to set up a demo account and a live account are –  

To open a demo account 

  1. Choose the “Start in One Click” option.
  2. Enter your personal information to store the findings and keep using the same account.

Once you subscribe to a trial account, you will be given roughly $10,000 in virtual coins to trade with in order to practice and hone your skills in online trading on Pocket Option. Without trading for actual money, you can gain a far better understanding of the online trading platform. When you believe you are ready to enter the actual world of online trading, you can shift to the “Trading Account.”

To open a trading account

  1. Go to the main website and select the “Quick sign up” option.
  2. Select a sign-up method such as Facebook, Google, or email.
  3. Type in a new password.
  4. Please re-enter your password for our confirmation.
  5. Select the “Sign-up” option.

After successfully establishing a live trading account, you may make your initial deposit and begin trading on Pocket Option with other traders.

How to deposit money to Pocket Option in the United Kingdom?

To begin online trading on Pocket Option, you must deposit a minimum of $5 or $10, based on your payment method. Here’s how to make a deposit to Pocket Option –

  1. Navigate to the site’s “Finance” section.
  2. Select the “deposit” option.
  3. Select an appropriate payment option.
  4. Enter the amount of money you wish to deposit.
  5. Select a deposit gift.
  6. Press the “Continue” button.

Once you have properly deposited the appropriate amount, you can begin trading on Pocket Option utilizing the live account.

Money withdrawal process on Pocket Option in the United Kingdom

To collect your earnings from Pocket Option, you must first submit a withdrawal request to Pocket Option. Here’s how to do it:

  1. Select the “Finance” tab.
  2. Select the “Withdrawal” option.
  3. Select a payment method.
  4. Enter the withdrawal amount.
  5. Enter your bank details, bitcoin address, card details, and so on.
  6. Select “Continue.”

Your withdrawal request will be processed within 1-3 days after you submit it. It may take up to 14 days in some circumstances, but you will be informed.

Support for the UK users 

Pocket Option has 24/7 customer support services available for traders all over the world, and UK users are no exception! You can contact the customer support team by emailing them or calling them. All the contact details are given on Pocket Option’s main website. The support team of Pocket Option is multilingual, which makes it easier for the users to clear their queries or ask questions any time they want. 

Conclusion

Pocket Option is an excellent choice if you want to step into the trading world. The platform has binary options and Forex trading available. The platform is very easy to use for traders from around the world. The platform has a live account as well as a demo account where you can practice trading and get to know the platform better. Pocket Option also has 24/7 customer support services available for the traders who have any queries or issues. 

Pocket Option is a reliable and safe online trading platform and is best known for its various features and its high payouts. The broker provides similar features to users all over the world. They also have an easy deposit and withdrawal methods available. Overall, Pocket Option offers higher payouts and more features in comparison to many other online trading platforms.  

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