Broker Review: Pocket Option
Summary: New to the market, this broker sells itself to the community as the most convenient platform available.
3.5
Just coming across my radar today, Pocket Option is a brand-new binary options broker promising instant access to more than 100 assets. The creators of this brokerage believe that the market is asking for their services, because of their ability to provide education, demo account trading, progressive partnership terms, instant deposits and withdrawals.
Owned and operated by Gembell Limited, the broker is registered at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960 with the registration number 86967. In order to get in touch with support, traders can either email [email protected], phone 0-800-088-5535, or utilize the live chat feature on their website. I’ll be honest, I had to do a Google search just to find out where the Marshall Islands were located, it was quite interesting to see. I recommend that you do the same.
Pocket Option Review
It’s difficult to enter the binary options market, considering there have been so many brokers inhabiting this marketplace for quite some time. That being said, Pocket Option feels that there is room for them, as a more simple and convenient way to trade. Their approach is to reach out to beginners, and traders that want to spend time in a virtual platform before spending real money trading.
In order to accomplish this, the broker provides a free demo account, 50+ payment methods, a minimum investment of just $50, and a minimum bet amounts of just one dollar. Where many brokers in the binary options market require anywhere between $250-$500 to sign up, that is certainly not the case here. I also appreciate the one dollar minimum bet amount, because this will allow for traders to test their strategies and binary options signal services, in a live environment with very little risk.
This is certainly the most positive aspect that I can take from this new broker. The platform itself, and many of the other aspects are not detailed enough, but with a free demo account, it would be easy to give this a shot without taking any risk. I’m not sure if this will creep into my top rated brokers, as I’ve been having quite a bit of success with Binary Cent, and Race Option recently.
Details
- Type: Options Broker
- Founded: 2017
- Location: Majuro
- Platform: Web-based, Mobile
- Minimum Trade: $1
- Minimum Deposit: $50
Much like the last broker I reviewed, Stern Options, Pocket Option does not have different account options. Instead of holding back certain aspects of this service until you deposit a larger amount, traders all get access to the same payouts, support levels and education center. It’s good to see that the binary options brokers in this community are going in this direction. It was always annoying, signing up for broker and then being told that I don’t have access to one thing or another because I wasn’t a gold or VIP member.
It does seem that binary options brokers are getting away from this type of marketing, and I commend that.
Start In One Click
One of the aspects, that I appreciate the most about the Pocket Option broker, is this option they have at the top of their website labeled start in one click. If you click on this button, you will immediately be taken to a binary options demo account where you can analyze their platform and start placing trades within minutes. As far as I’m concerned, this is a great way of introducing new clients to binary options trading without them having to fill out a registration form or deposit funds.
Here you can see all of the expiry times, asset lists, and different payouts that are available for each. I do feel that this is the type of element that every binary options broker should be providing to the community. This type of unprecedented access is important in terms of introducing new clients to the marketplace, without the experience coming across as daunting.
Client Feedback
As of right now, the best way to see client feedback on Pocket Option is to go to the Google play app store. There we can see that the application is currently getting a rating of 4.3 stars, with a spattering of both positive and negative reviews. The 3 most recent reviews are all negative, but none of them seem to make any real point of distinction.
The reviews seem to be complaints about the application itself, but there doesn’t seem to be any negativity about the broker, which is all I really care about.
Conclusion
If you are looking for a quick way to make some demo trades, then Pocket Option may be the solution for you. I’m not 100% sure if I’m going to sign up just yet, because I’d like to see a little more client feedback here at Binary Today. Also, I have quite a few brokers on the go right now, so I really have to be blown away in order to open up another account.
Please let me know what you think about this review, and leave your comments and questions about the broker below.
About the Author
John Kane I am a full time binary options trader. I was able to leave my job in the last 5 years and dedicate myself to trading fully. I never thought my hobby and passion would make a living for me but I am grateful every day that it has. My main goal now is to communicate with the binary trading community, contribute to different websites and learn from other traders.
Binary Today or anyone involved with Binary Today will not accept any liability for loss or damage as a result of reliance on the information including reviews, recommendations, charts, software, income reports and signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Received a no deposit bonus and reached the required turnover, i thought that i can use this funds for trading, but when a tried to withdraw the bonus and the revenue, only the no deposit bonus amount was available, thank god, I don’t get a lot of profit. After conversation with pocket option support desk, I was informed that it is not possible to use the bonus amount for trading right after the turnover is reached, you have to withdraw this funds, and top-up my account again to start the live trading.
It is not very convenient, but I have received this funds for nothing, so it is fair.
Great robust platform, well ended with both solid features (MT5, OTC etc) and small details that put a smile on my face such as crystals and chests with useful bonuses. It even has a small RPG like level up system, fun!
Using Iq option, High Low and Pocket Option as trading platforms, Pocket Option is one of my favorite because it is convenient and don’t have any tricks in its terms.
I’ve been trading with this broker for about 2 years. I’ve withdrawn way more money than I’ve deposited. I often contact their support with some questions, they are super nice and helpful. I can’t say anything bad about this broker.
I made a deposit from Neteller to PocketOption and made some trades, i wish to make a withdrawal to Advcash, but this option wasn’t available. Looks like the withdrawal option availability depends on what deposit method you have used.
Just received my first money from Pocket Option, i made a 100 out of 50.
Good day,
Never had problems with pocket option.
Also, i liked the speed of processing the withdrawals, not a lot of platforms processing such things within 24 hours.
I love Risk Free! Once in a while I lose a hefty bet but I can always bounce back thanks to this feature.
The broker offers copied trades so simple I make more profit from it then from my own deals
I am in forex trading from almost 4 years but one of my friend introduce Pocket Option to me 1 year ago and i think that one of the turning point in my trading life. I really enjoying trading on Pocket Option and i think all people who want to earn some extra money can start trading on Pocket Option. its platform is very simple to use and here you can trade almost any trading instrument. You also don’t need much money in start and one can open account with just 50 dollars.I highly recommend Pocket Option to all new traders.
I tried a bunch of platforms and I have to say that I truly get rewarded with bonuses and gifts for trading on PocketOption, a thorough verification is needed to withdraw but it went faster than I thought.
It’s so fantastic that there are no restrictions to trade from anywhere in the world! I saw the platform being advertised by a utuber and was very pleasantly surprised by how easy the platform is to work with. i’ve been trading myself for a while and it’s definitely worth the investment
Hello.
I’ve been using pocket option for quite a time and i don’t have any compliance.
The support service is one of the best i’ve ever met.
I don’t understand when people complain of the Pocket Option when you following the terms and conditions, you won’t have any issues.
I’m using Pocket Option for 6 months already and never had even a sign of any problem.
Thanks for sharing Salut.
I was amazed that Pocket Option doesn’t take any fees for deposit, withdrawal or account maintenance. It is very honest from their end to not to take funds from their clients.
Hi all,
Im making a small deposit today, ill let you know how it goes. Ive seen mixed reviews. Even after a few withdrawals i will always keep my balance low just in case.
if im trading with £1000 i will just deposit £100 and risk 2% of £1000 if that makes sense. Then i will withdraw and see what happens.
Ill keep you informed
PocketOption is fraud, they manipulate the prices. The trades close most time in loss. If you compare their price with the MetaTrader terminal you will see that the price on PocketOption moves completely different. You will lose all time your money with PocketOption!
100% SCAM . ALERT . DON’T DEPOSIT. IT’S 100% SCAM
They are big scam stay away from them …i repeat stay away…they took my deposit and banned my account…for proofs email me at [email protected]
I have been asked to deposit 5000$ more when I put a request for withdrawal of 3000$ saying it is required by SEC as a onetime fee of payout assurance. Is there something like that? Please let me know. Avastradefx.com registered with same group.
RD what happend after that?
Hi
Pocket Option has blocked my account saying that I have multiple accounts. This is totally false. I have only one account. I have told them too, and I have informed them their relevant department as well about it, but there hasn’t been any response so far. It’s been more than 24 hours now. Things look pretty unclear and shady. I had started to make good profits, by the way, and the account was fully verified.
Thanks
Riffat Nadeem
[email protected]
same my account sir i am deposed 5000usd profit make 3267 usd withdwaral requsted my account all money my account blocked for 2.3 teams i am only one account open till now any not responese this company for fake
Big scam. Huge manipulation of candlesticks, HUGE.
The payout % on every asset on Pocket Option is 96%. Foreign Brokers don’t normally pay out that much, ever. Would you be suspicious?
Hey bro, you mind checking out CloseOption? They claim they accept US traders. Minimum deposit is $5. Minimum trade size $1. And they let you deposit via Paypal.
Ya, I’ll take a look and have a review in the next few days.
so much for your review for this guy “in the next few days”….it’s now October and you haven’t answered anything
Hi cross, I fulfilled my request and wrote a full review on this broker here https://binarytoday.com/broker-review-closeoption/, this should answer everything.