Author: Jacob Bailey
Market Analyst
Jacob Bailey

Pocket Option Review

Summary

Pocket Option offers many excellent features to new and existing traders. When you click the various deposit amounts, you will see that they name the suggested deposit amounts – newbie, beginner, experience, master etc. This site is so easy to use, and while CySEC does not license them, they have good feedback online and tick all of the boxes of a trusted broker. We love the ease of use and no-frills approach which is replicated with a great user experience.

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Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Our Expert Rating
Accounts
9.8
Trades
9.4
Bonuses
9.0
Mobile
9.4
Banking
8.8
Features
9.6
Support
9.8

Introduction

Introduction

Established in 2017 and registered in the Marshall Islands, Pocket Option is indeed new to the binary options market. In an already crowded marketplace, their emphasis seems to be on encouraging beginners to open an account with them through their well-publicised and easily accessible free demo account, their easy to use platform and their minimum investment requirement.

Investors with Pocket Option can trade on both the desktop version of the site and their well optimised mobile website which is very easy to use and navigate. There is also an app available to download for those who prefer to trade this way. With minimum trades of £1 and a minimum deposit requirement of $50, they are certainly making themselves accessible to new traders.

If you aren't sure whether Pocket Option is the broker for you and you want some help to decide, we have put together a comprehensive review which looks at all aspects of trading with them. You can find out the answers to the most important questions and get all of the detail you need to make an informed decision before investing.

In this review, you will learn:

  • How you can practice on their demo platform
  • The trade, deposit and withdrawal limits/levels
  • All the features of trading with their platform
Pocket Option Screenshot Pocket Option Screenshot Pocket Option Screenshot
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

9.8
Account Types

Often, when you register with a broker, first of all, you need to read through lots of account information and spend time discovering what account is right for you. The research can involve deciding whether to be cautious with a basic introductory account that requires a minimum deposit or whether to invest more to get more of the benefits of the platform.

With Pocket Option, there is none of this. You have two choices. You can open a demo account and trade with virtual funds, or open a live account.

Demo Account

Not all brokers offer a demo account without you having to register, give them lots of information and deposit funds with a live account. That's not to say you have to start trading with virtual funds; you have to indicate that you are committed to the platform. Pocket Option are much more relaxed, click once and begin trading on the demo platform.

You are taken straight to the platform where you can start trading immediately — labelled clearly on the home page of the website so that beginners can start on the virtual platform and get used to trading before committing and investing funds.

Live Account

For those who want to go straight to the live platform, with as little as $50, you can open a live account. You may decide to try the demo account first and then upgrade to a live account. However, experienced you are; it is a good idea to use the demo account to get used to the new platform.

Once you open a live account, you can begin trading with as little as $1 trades and have over 100 assets available to you which include stocks, indices, commodities and currencies. All you need to do is open the account, choose your asset, choose your trade amount and then choose the direction of the asset. If you are successful, then you get your profit.

Supported Languages
Arabic
German
English
Spanish
French
Indonesian
Italian
Japanese
Malay
Polish
Portuguese
Russian
Thai
Turkish
Vietnamese
Chinese

Trade Types And Payouts

9.4
Trade Types And Payouts

While there is only one type of option available to trade with on Pocket Option, there is a choice of expiry times starting at 60 seconds. The site is designed to simplify the trading process for you whether you are new to trading or just new to the site. This ease of use will make the experience a much more positive one as you will be able to get to grips with things quite quickly.

High/Low Options

Often referred to by other names, the high/low option is just as the name suggests. You either bid that the price will end higher or lower than the cost of the asset when you entered the trade. Now some people prefer to trade on commodities like gold or oil while others prefer to trade on currencies, stocks or indices. It is a good idea to choose an asset that you feel comfortable with and that you have researched.

Predicting the price with short term options like 60 seconds is great for beginners, and while they can increase your account balance quite quickly if you are on a roll, the opposite is entirely possible. You will also see the high/low option called call/put or above/below, but they all mean the same. Longer term options are advisable for those with a little more experience as they can be quite volatile to market news and fluctuations.

Pocket Option state the payouts that you can expect are up to 96% but that this is the maximum amount you can expect to see returned from a trade. It all depends on the size of the trade and some other factors.

There is an obvious statement that the minimum payout that you can expect is 50%, so you know that your successful trades will pay anywhere between 50 and 96%. Air on the side of caution and expect somewhere between 60 and 80% as is the case with most brokers.

We love the ease of use and no-frills approach in a sometimes complicated market.

Bonuses And Promotions

9.0
Bonuses And Promotions

If you decide to open an account and trade with Pocket Option and deposit the minimum requirement of $50, then you will be eligible for a bonus of 100%. Regardless of how much you deposit, they will match it. Deposit matching is an excellent way to increase your funds when you start trading.

You must be aware though that you can't withdraw the bonuses unless they have been traded a certain number of times first. It does say that this is a limited offer, but it does not say how long for so it is worth checking first.

Mobile Trading

9.4
Mobile Trading

The site is simple to use whatever device you are on. There are not pages and pages of information to navigate. There is just one page before you are on the trading platform whether that be the demo or the live version.

On a mobile, the website is straightforward to use, and for those that prefer to download an app, there is an iOS and an Android version. It couldn't be easier to download and start trading on the move whichever device you are using.

Expert Reviews

Deposits And Withdrawals

8.8
Deposits And Withdrawals

Everything you need to know about deposits and withdrawals is available when you land on the website. You will see that there are numerous ways in which you can deposit debit or credit card, e-wallets and even cryptocurrency. Bitcoin and other recognised currencies are accepted.

The minimum deposit, as we have already discussed is just $50, and the minimum withdrawal amount is $10. It is always good to be mindful to consider any transaction fees charged by your provider or any currency conversion fees that you may incur when making lots of smaller deposits or withdrawals.

Special Features

9.6
Special Features

Perhaps the biggest stand out feature of this site is the ease of use. Pocket Options website is one of the most straightforward sites we have found in terms of navigation. Couple this with the minimum deposit and trade amounts and the fact that you can click straight through to the demo platform and start trading with virtual funds without having to fund an account first.

It is so simple, clean and easy to use whether on a desktop or the move and is compatible with all popular devices.

Customer Support

9.8
Customer Support

Customer support is available if you scroll to the bottom of the site and click the contact link. You will have the choice of emailing some departments, calling a free phone number or starting a live chat.

You can also send a message directly through a contact form on the site. There are also visible social media icons so you know that you can publicly get hold of them too on either Facebook or Twitter.

Here are the contact details for Pocket Option:

  • Email - support@pocketoption.com
  • Phone - +44 0800 088 5535
  • Address - Gembell Limited, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960

Conclusion

9.4
Conclusion

Pocket Option offers some features to new and existing traders. When you click the various deposit amounts, you will see that they name the suggested deposit amounts – stranger, newbie, beginner, experience, master etc. This site is so easy to use, and while CySEC does not license them, they have good feedback online and tick all of the boxes of a good broker.

We love the ease of use and no-frills approach which is replicated with a great user experience whether trading from a computer or an iOS or Android device.

Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

FAQ

Is Pocket Option legit, will they scam me?

While Pocket Option is not registered or licensed with CySEC, they do have lots of good feedback from traders. Their site uses a secure payment system for those who may be worried about giving their financial details.

Do they have a decent mobile or tablet app?

In short, yes, they do. Pocket Option offers an app for download on both Android and iOS and their mobile website is easy to use as well. So you can trade on the move with ease.

What bonus do they offer new traders?

They offer a 100% welcome bonus – merely make your deposit and receive a 100% bonus. The bonus is being provided as a limited offer though, and we do not know when this will be changed or it if will be removed.

Can I start trading on a free demo account?

Yes, this is a strong feature of Pocket Option. As soon as you land on the site, you are encouraged to use the demo platform in one click. Simply click and trade.

What's the minimum deposit and trade amount?

The minimum deposit that is required to open a live account is $50 which is very low when compared with most brokers. You can trade on the live platform for as little as $1 per trade.

Meet The Author
Jacob Bailey
Jacob Bailey
Market Analyst

Jacob has been an author for us since our launch in 2012. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations. Learn more.

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