Pocket Option Review

Pocket Option Review Introduction

Pocket Option is a binary options trading broker that has been in operation since 2017. It is owned and operated by Gembell Limited, a company registered in the Marshall Islands. Pocket Option offers a wide range of trading instruments, including currency pairs, stocks, indices, and commodities. The broker also provides a range of trading tools and features, such as a free demo account, a variety of trading platforms, and a range of educational materials. In this review, we will take a closer look at Pocket Option and its features to help you decide if it is the right broker for you. READ: Binary Options Trading review.

How to Start Trading with Pocket Option

• Creating an Account: Visit the official website of Pocket Option and click on the “Register” button. Fill in all the necessary information such as your name, email address, password, and phone number.
• Account Verification: This is to ensure that the information you provided during registration is correct. You will be asked to provide supporting documents like a government-issued ID and proof of address.
• Making a Deposit: The minimum deposit at Pocket Option is $50. You can make a deposit using various methods such as credit cards, e-wallets, and cryptocurrencies.
• Choose an Asset to Trade: After depositing funds into your account, you can choose an asset to trade. Pocket Option offers a variety of assets to choose from, including stocks, commodities, indices, and cryptocurrencies.
• Selecting Trade Type and Expiry Time: The next step is to select your trade type and expiry time. You can choose between different types of trades like high/low trades, one-touch trades, etc. The expiry time is when your trade will close.
• Placing a Trade: After deciding on the type of trade and the expiry time, you can place a trade. Enter the amount you want to invest and predict whether the price will go up or down. Then, click on the “Buy” or “Sell” button to place your trade.
• Monitor Your Trade: You can monitor your trade in the “Open Trades” section of Pocket Option’s platform.
• Close the Trade: Once the expiry time is reached, the trade will automatically close. If your prediction is correct, your account will be credited with the returns. If not, you lose the amount you invested in that trade.
• Withdraw Your Profits: Finally, go to the “Withdraw” section of the Pocket Option and request a withdrawal. The process might take a few days depending on the withdrawal method you chose.

Pocket Option Account Types

• Standard Account: This is the most basic account type offered by Pocket Option. To open a standard account, a minimum deposit of $50 is required. It is ideal for beginners or those who are new to binary options trading. The features and benefits that come with this account type may vary, but it gives access to the platform and allows for real money trading.
• Pro Account: The pro account is a step up from the standard account. It requires a minimum deposit of $2500. This account type is designed for more experienced traders who are comfortable with higher stakes. Additional features might be included with this account level, potentially including more advanced trading tools, access to more assets or markets, and possibly even a dedicated account manager.
• VIP Account: The VIP account is the top-tier account offered by Pocket Option. To open a VIP account, a minimum deposit of $5000 is required. This account type is tailored for professional and high-volume traders. VIP account holders may receive a host of additional benefits, such as premium customer support, personalized trading advice, lower transaction fees, and exclusive access to special events or promotions.

Remember that each account type comes with its own level of risk, so it is essential to understand what you are comfortable with and can afford to lose before making a deposit.

Pocket Option Demo Account

A Pocket Option Demo Account allows individuals to practice binary options trading without investing real money. This account provides a simulated trading environment where users can learn about the platform’s features, test different trading strategies, and familiarize themselves with the trading process. The demo account is filled with virtual funds, enabling users to gain hands-on experience in binary options trading without risking their capital. It is an excellent tool for beginners to understand the dynamics of the market and for experienced traders to try out new strategies.

Available Instruments

• Forex: Pocket Option trading allows you to trade a wide range of currency pairs, from major ones like EUR/USD, GBP/USD, and USD/JPY, to minor and exotic pairs.
• Cryptocurrencies: You can trade popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple, among others.
• Stocks: Pocket Option broker provides the opportunity to trade stocks from globally recognized companies like Apple, Amazon, Google, and many more.
• Commodities: You can trade various commodities including gold, silver, oil, natural gas, and others.
• Indices: Pocket Option also offers several indices for trading such as Dow Jones, NASDAQ, S&P 500, and others.
• Binary Options: This platform is primarily known for providing binary options trading which allows you to predict whether the price of an asset will go up or down in a certain time.
• OTC Instruments: Over-the-counter instruments that are traded directly between two parties without going through an exchange are also available on the Pocket Option.
• ETFs: Exchange Traded Funds, which are essentially a collection of securities such as stocks, bonds, or commodities, can also be traded on this platform.
• Metals: Apart from gold and silver, you can also trade other metals like platinum and palladium on the Pocket Option platform.
• Energy: Energy commodities like crude oil and natural gas are also available for trading.

Pocket Option Deposit Options

Pocket Option offers several deposit options to make it convenient for users around the world to fund their trading accounts. These options include:

• Credit/Debit cards: This includes popular cards like Visa, MasterCard, and Maestro.
• E-Wallets: Pocket Option supports a variety of E-wallets such as Skrill, Neteller, WebMoney, QIWI, Yandex Money, and more.
• Cryptocurrencies: Pocket Option also supports Crypto deposits, allowing you to fund your account with Bitcoin, Ethereum, and other popular cryptocurrencies.
• Bank transfer: This is another option though it can take a few days for the deposit to reflect in your trading account.

The Pocket Option minimum deposit is quite affordable, making it accessible for beginners and low-budget traders. The minimum deposit is $50. This is relatively low compared to other binary options brokers.

Pocket Option does not charge any deposit fees. This means you can deposit money into your trading account without worrying about any additional costs. However, your payment processor may charge you a fee for the transfer. It is advisable to confirm this with your payment processor.

It is also important to note that Pocket Option platform has a maintenance fee. If a trading account is inactive for six months or more, a monthly fee of 10 USD/EUR/GBP will be charged until the account balance is zero. Always ensure to check the latest information on fees from Pocket Option’s website or customer support to avoid any surprises.

Pocket Option Withdrawal Options

Pocket Option trading platform that offers various withdrawal options to its users. Here is an expanded explanation of Pocket Option’s withdrawal options, minimum withdrawal amount, and associated fees:

• E-Wallets: Pocket Option supports several e-wallets, including Neteller, Skrill, Perfect Money, WebMoney, FasaPay, AdvCash, and Qiwi.
• Cryptocurrencies: Users can also withdraw their funds in cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
• Credit/Debit Cards: Pocket Option also supports withdrawals to both Visa and MasterCard. However, withdrawal to credit/debit cards may depend on your bank’s policies.
• Bank Wire Transfer: Users may also choose to withdraw via a traditional bank wire transfer, although this method often takes longer than others.

The Pocket Option minimum withdrawal amount is $10. This is quite low compared to other binary options brokers, making it a good option for beginners or those with smaller accounts.

Pocket Option does not charge any fees for withdrawal. However, it’s important to note that while the platform itself may not charge fees, you could still incur fees from your bank or e-wallet provider for the transaction. It’s recommended to check with your bank or e-wallet provider to understand any additional charges.

It’s also crucial to remember that the withdrawal process at Pocket Option may require up to 3 business days to process, and the minimum withdrawal amounts and methods may vary based on your region or country. Always check the most up-to-date information on the Pocket Option website or contact their customer service for clarification.

Pocket Option Review – Pros & COns

Pocket Option is a binary options broker offering a variety of trading options for different types of traders. As with any platform, there are both pros and cons to consider.

Cons

• Limited Trading Instruments: Despite offering a wide range of assets, Pocket Option only offers high/low options for trading. This lack of variety can limit some trader’s strategies.
• No MetaTrader Integration: Unlike some other platforms, Pocket Option does not support MetaTrader, a popular trading platform, which can be a downside for some experienced traders.

Trading Platforms

Pocket Option is a leading online trading platform that offers a variety of trading options to its users. This platform provides different trading platforms that cater to the needs of various traders, from beginners to professionals. Here, we will explore the other trading platforms offered by Pocket Option.

• Web Platform: The web platform is a browser-based trading platform that you can access from any computer with an internet connection. This platform is easy to use and offers all the tools and features for successful trading. It includes various chart types, indicators, and graphical tools.
• Desktop Platform: Pocket Option also provides a desktop platform for traders who prefer to trade from their computers. This platform is compatible with both Windows and Mac operating systems. It comes with advanced trading tools, technical indicators, drawing tools, and a customizable interface that allows traders to personalize their trading environment according to their preferences.
• Mobile Platform: For traders who prefer to trade on the go, Pocket Option has a mobile platform available for both iOS and Android devices. This app allows users to trade anytime, anywhere. It offers real-time market data, a wide range of trading instruments, and advanced charting tools. The mobile app also supports social trading, where users can follow and copy the trades of expert traders.

Each of these platforms offers unique features and tools, catering to the diverse needs of traders. Whether you are a beginner or a professional trader, you can select a trading platform that suits your trading style and experience level.

Education Resources

Pocket Option broker offers an array of educational resources to help traders understand and navigate the world of binary options trading. Here’s a breakdown of what these resources entail:

• Trading Tutorials: Pocket Option provides a series of video tutorials that guide traders through the basics of binary options trading, including how to use the platform, strategies for trading, and understanding technical analysis.
• eBooks: Pocket Option offers comprehensive eBooks that cover various topics in binary options trading. These eBooks provide in-depth information and practical tips that traders can refer to at any time.
• Webinars: The broker conducts live webinars where experienced traders share their knowledge and strategies, and answer any queries. These webinars can be an excellent opportunity for traders to learn from experts in real-time.
• Blog: Pocket Option maintains a blog that regularly features articles about different aspects of binary options trading. The blog posts cover a wide range of topics, from market trends and trading strategies to tips on risk management.
• Glossary: Pocket Option features a glossary that contains definitions of common terms used in binary options trading. This can be a useful reference for beginners who are still familiarizing themselves with the jargon.
• FAQ Section: The FAQ section on Pocket Option provides answers to common questions about the platform and binary options trading. This can be a good starting point for beginners who want to understand the basics.
• One-on-One Training: Some users may be eligible for one-on-one training sessions with a professional trader. These sessions can provide personalized guidance and advice.
• Market News: Pocket Option provides updated market news which can be useful for traders to make informed decisions based on current market trends and events.

Is Pocket Option legal?

Pocket Option is a legal binary options trading platform that is fully regulated and licensed. This means that it operates within the confines of the law and adheres to strict regulatory standards to ensure fair and transparent trading operations. Its legality also means that it is accountable and can be held responsible for any actions that are contrary to the regulations set by its regulators. Therefore, traders can confidently use Pocket Option for their binary options trading activities, knowing that they are dealing with a Legalimate and legal platform.

Pocket Option Review – Conclusion

In conclusion, Pocket Option is a reliable and trustworthy binary options trading broker. It offers a wide range of features and services, including a user-friendly platform, a wide range of assets, and a variety of trading tools. It also provides a secure and safe trading environment, with a variety of payment methods and customer support. Overall, Pocket Option is a great choice for those looking to trade binary options.