Published on January 30th, 2020 | by John Kane42
Broker Review: Pocket Option
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@example.com, 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.
- 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.
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.
2020 Review Update
Pocket Option is currently our top rated broker in 2020. Many other brokerages have fallen off, but this group has continued to grow and make the right strides towards success.
This is now our top recommendation, due to platform updates, reliability and the fact that they are regulated.
Look no further.
If you are looking for a quick way to make some demo trades, then Pocket Option is the solution for you. I’m now a member of the service, and I am very happy with the relationship. 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.
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