Is PocketOption a scam? Or a reliable broker? Trader Reviews, comments

Login to the official trading platform of the Pocket Option broker
()

The company is suitable for novice speculators. Free tournaments with real prize money are held here, educational materials are published, and various awards are awarded for activity. To start, it is enough to top up the balance by $ 5.


Broker history

  • 2017 – Marshall Islands-based Gembell Limited launches Pocket broker.
  • 2018 – the organization receives a certificate from the Russian regulator TsROFR “Center for Regulation of Relations in Financial Markets”.
  • 2020th – more than 10 million customers are registered on the site. Even on weekends, the number of online traders does not drop below 7000 people.

Licenses and regulation

In 2018, Gembell Limited received a certificate of conformity from the CROFR regulator, which controls the reliability of the provision of services by brokers and dealing centers.

 

Trading conditions and tariffs

The minimum deposit is $ 5 . Other important conditions:

  • rate – from $ 1;
  • yield – up to 92%;
  • expiration – from 30 seconds to 4 hours;
  • trading instruments – currencies, cryptocurrencies, commodities and stocks.

Types of options

High / Low trades are available for traders. Their main task is to determine whether the asset price will fall or rise for a selected time in relation to its value at the time of the option purchase. If the forecast is correct, the client receives a fixed profit. If unsuccessful, loses the bet amount.

Broker Up / Down options fall into two categories: fast and digital. The first ones allow you to set the exact time for closing a deal from 30 seconds to 4 hours. Digital are designed to open several transactions within a certain period of time. In this case, transactions are closed at the same time.

Account types

After registration, the trader is assigned the “Wanderer” status, which allows trading on a demo account and participating in free tournaments. After replenishing the balance, the user account changes depending on the amount.

Trading features of each type:

Balance, USD Increased profitability Refund amount upon closing a trade with a difference of 1 p., USD Forex trading via MT5
Newbie Up to 100 Not Not Not
Beginning 100–999 Not Not Not
Experienced 1,000–4,999 + 2% Not Yes
Master 5,000-14,999 + 4% To 10 Yes
Professional 15,000-49,999 + 6% Up to 50 Yes
Guru 50,000 + 8% Up to 100 Yes

The older the type, the more opportunities for participation in tournaments, the more favorable the conditions for bonuses, cashback and risk-free transactions.

The broker’s platform only has a dollar account. When replenishing with another currency, the conversion is automatic at the current rate.

Pocket Option official website

 

 

The site has been translated into 22 languages.

The entrance to the Pocket Option trading platform is available after registration. To open an account, you just need to specify your email and come up with a password. You can log in with your Google or Facebook profiles.

Shop . The “Market” section sells promotional codes, bonuses, risk-free deals, cashbacks, deal prolongators, boosters for gaining experience in trading, VIP tickets for participating in tournaments.

Is PocketOption a scam? Or a reliable broker? Trader Reviews, comments

 

The market currency is crystals. They can be obtained for active trading, account replenishment, participation in the lottery and mining. Lottery – distribution of virtual currency for speculation on the weekend. The larger the transaction volume, the higher the chance of winning crystals. Mining is participation in social trading and copying transactions.

The “Achievements” section shows the rewards earned for trading activity.

 

Bonuses

After registering on the official Pocket Option website, the trader receives a promo code for the first deposit, which gives a 50% bonus when depositing $ 50-5000. The money received does not affect the ability to withdraw profits and deposits. But you can withdraw the bonus itself when the total amount of transactions exceeds the amount of funds received by 25 times.

Without a promo code for the first deposit, the amount of the reward depends on the amount of the deposit: plus 50% is available for deposits of $ 10,000 or more. To withdraw funds, the trading turnover must be 50 times the bonus.

Deposit amount, USD Bonus size
50-99 20%
100-249 27%
250-499 thirty%
500–999 35%
1,000-2,999 36%
3,000-4,999 40%
5,000-9,999 43%
from 10 000 fifty%

Only one offer can be used at a time. Therefore, until the bonus is worked off or canceled, the client cannot activate another promotional code.

Demo account

Pocket Option Binary Options Broker offers 1000 USD per virtual account. To activate it, you need to click on the Demo button in the upper right corner of the site and select the desired account. Demo account is unlimited, with the ability to restore balance.

 

Platform PocketOption

The Pocket Option broker has a functional web platform with some features:

  • five types of charts: candles, line, area, bars, Heiken Ashi;
  • display of up to four assets on the screen;
  • built-in custom indicators.

Is PocketOption a scam? Or a reliable broker? Trader Reviews, comments

Tournaments on the platform . In the competition, a group of participants with the same balance trades on the same asset. The trader with the highest profit wins.

Paid and free tournaments are held. Each competition has its own rules of participation, the fee and the number of prizes. The size of the prize pool depends on the number of registered traders.

Traders with zero balance can participate in tournaments. At the same time, they have a chance to win up to $ 125. Therefore, speculators can start making money without investing their money.

Is PocketOption a scam? Or a reliable broker? Trader Reviews, comments

Social trading . Allows you to copy transactions of other traders. The client can keep interesting users and follow only them.

Signals . Trading recommendations for currency pairs and other assets are transmitted to the terminal. Tips are based on indicators available on the company’s platform. They work on 12 timeframes: from М1 to H4.

The strength of the signals is indicated by the number of arrows: one – standard probability of execution, two – increased. But in any case, the recommendations do not guarantee accurate performance.

Express orders . The function allows you to conclude deals with a yield of hundreds of percent. To do this, you need to simultaneously open deals on several instruments. If the forecasts for each option come true, the speculator makes a profit. If at least one contract is closed with a loss, the rest will not bring profit even if the outcome is successful.

Pending order . BO brokers usually have instant execution. But if a trader knows at what moment in the future he wants to enter the market, then he can place a pending contract and not sit in front of the monitor, waiting for its occurrence. A trade can be placed by time or by asset price. The possible payout is fixed in advance, so the potential income is known immediately and will not change.

Hot keys . The function allows you to simplify the work with the platform by controlling key parameters using specific keys.

 

Available indicators

The company offers 23 customizable technical indicators, including trend detection tools and oscillators. In addition to the usual stochastics and parabolics, there are also less popular ones: Vortex, Schaff Trend Cycle.

Graphic tools are also available: lines, trend channels, Fibonacci levels.

Quotes

The broker does not disclose information about the providers of quotes.

Trading instruments

There are four categories of assets available:

  • currency pairs;
  • shares of American and Russian companies;
  • cryptocurrencies;
  • commodities.

OTC currencies, commodities and stocks are available for trading on weekends. OTC is characterized by the absence of market quotes. They are based on prices from past days. Such assets are less prone to sharp fluctuations, but more difficult to analyze.

Mobile app

Designed for Android and iOS.

Is PocketOption a scam? Or a reliable broker? Trader Reviews, comments

In the application, you can trade, replenish your account, withdraw funds, communicate with support via chat and participate in tournaments. The number of indicators on the mobile platform has been reduced (8 out of 23 available).

Also, the Pocket Option binary broker has developed three additional applications:

  • Analytics – technical, fundamental and wave analysis, forecasts and reviews of macroeconomic indicators.
  • “Strategies” – a library of trading systems.
  • “Signals” – recommendations for opening positions with actual entry and exit points within the day. Suitable for short-term trading.

 

Training and analytics

Training . Section contains:

  • Platform Guide : Instructions for registration, social trading, marketplace and more.
  • Trading Strategies : A detailed overview of simple trading strategies for beginners.
  • Forex tutorial , which is also suitable for binary options traders: guides to technical and fundamental analysis, trading psychology, money management, creating your own strategy.
  • Video tutorials : an almost empty section with instructions for working with the platform.

Analytics. In the “Chat” section, the company posts news, forecasts, analysis and reviews of macroeconomic events. The site publishes full-fledged analytics, with an overview of the market situation, technical analysis of the chart, possible scenarios for the development of the situation and a recommendation for entry.

Deposit and withdrawal

The platform only has a dollar account. When depositing with another currency, the conversion will take place automatically.

The minimum deposit amount is $ 5. Available payment systems for investments:

  • bank cards Mastercard, Visa, Maestro, Mir;
  • electronic wallets: Qiwi, YandexMoney, VLoad, Payeer, Perfect Money, Advcash, WebMoney;

The complete list of available deposit methods depends on the country of the trader. For example, customers from Ukraine cannot make a deposit through mobile operators.

The minimum withdrawal amount is $ 10. The withdrawal is available in the same ways that the account was replenished.

The maximum term for transfer from the platform is three working days. But usually the broker approves the withdrawal within 24 hours. Withdrawal requests are processed one at a time, so there may be delays if many clients drop orders in a short time. To get money faster, it is better to leave a withdrawal request at the beginning or middle of the week, as well as a few days before the holidays.

If necessary, the company can request documents to verify the identity. Then you will have to send a photo or scan of your passport and a receipt for payment of utilities to the client’s name.

Technical support

The trader can choose from several communication channels with the broker’s platform: email, chat and phone. The chat is available in the Personal Account. Answers to questions come at different speeds, but usually you have to wait no more than 30 minutes, although there are delays.

Pocket Option – another scam?

The company’s clients confirm that they receive the earned money. In addition, Pocket Option binary options are regulated by the Russian organization CROFR.

Frequently asked Questions

💰 What is the minimum deposit amount to receive a first deposit bonus?
After registering with the Pocket Option promo code, you can get a 50% bonus on deposits of $ 30 or more.
📱 Do I need to provide a phone number when registering
Not. It is enough to specify the email.
💬 Is there a live chat on the site?
Yes, but available only after logging into the Pocket Option Personal Area.
💳 Do you need bank card details for verification?
Yes, if the trader made a deposit from the card. Then you need to send a photo of the card from both sides. CVV code and part of the number can be hidden.
📃 How to use Pocket Option trading signals and predictions?
Signals are available free of charge after registration. Shown on the trading platform.
💸 What commission does Pocket Option charge for withdrawals?
No commission is charged. Exception – transfer in Perfect Money system is subject to 0.5% commission.
💎 How to get crystals?
Crystals are awarded for trading, copying signals, participating in the lottery.

How useful is the publication?

Click on a star to rate it!

Average score / 5. Number of assessments:

No ratings yet. Place a rating first.

Are binary options a scam? Best ranking verified brokers
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: