Pocket Option review – Is it a Scam or Safe? – Broker testing

Is Pocket Option a scam or a legitimate business? – Find out in my genuine review. As an experienced trader, I investigated the Binary Options Broker for you. Read my 2022 review to find out if it is worthwhile to invest your money and for the most up-to-date facts.

What exactly is Pocket Option? – The business presented

Pocket Option is a Binary Options Broker that operates on a global scale. You can place bets on rising or falling markets with the possibility of a large reward (yield). Pocket Option is a broker situated in the Marshal Islands that is owned by Gembell Limited. It is a registered corporation with the company number 86967. The IFMRRC also regulates the broker.

Pocket Option’s website appears to be quite clean and straightforward at first sight. You can see what they are giving their traders right now. Trade over 100 different assets as Binary Options with a high yield (90 percent or more). For traders, there are around 10,000 potential combinations. It is fairly simple to begin trading with a broker. You may create a new account in a matter of seconds. Furthermore, they provide a free sample account for testing the platform.

Platform for Trading

During our testing, we discovered that their trading platform is simple and straightforward to use. The platform is web-based and has an excellent design and user experience. On top of that, they provide MetaTrader 5, which enables for automated trading and excellent technical analysis tools.

Charting tools are superb and feature all of the necessary fundamental charts, such as line, candles, bars, and Heiken Ashi. You may also change the time periods from 5 seconds to 1 day.

There are 30 distinct indicators to choose from. We discovered all of the widely used technical indicators and analytical tools. Accelerator Oscillator, CCI, ADX, Bollinger Bands, Moving Average, MACD, Momentum, RSI, Average True Range, and other indicators are available.

Pocket Option has a Social Trading function that allows traders to mimic other traders on their site. When you access the menu, the trader’s metrics and performance are displayed. You may, for example, contact the trader and see how many others imitate them, the number of trades, the maximum trade amount, the maximum profit, the percentage of profitable deals, and other information.

Signals is another feature that we found useful. With a single click of a button, you may duplicate the signals with varied expiry periods right on the platform. They offer a Telegram Signal bot, via which traders may get excellent alerts and automatically place trades using the Telegram app.

They provide hotkeys for speedier operations and a simplified method to make trading even more straightforward.

App for Mobile Trading

While the main Pocket Option platform is web-based, they also provide PC and smartphone trading. The mobile app is available for both iOS and Android, making it simple to stay up to speed on market news. Pocket Options has an iOS and Android app for MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Because the trading platform is basic and mobile-friendly, all of the online platform capabilities are available on the Pocket Option mobile app.

The program is free, and the UI is simple to install and use. If you have iOS 11.0 or later installed on your iPad or iPod, you may use the iOS app. If you are using Android, you must have version 4.4 or above.

Fees & Commissions

Our experts investigated Pocket Option’s trading terms to determine whether there were any hidden commissions. There are no hidden trade costs. Deposits to a trading account are completely free.

Only Perfect Money will impose a fee (0.5 percent) for withdrawals, and the bank that conducts the transfer may charge a fee as well. Withdrawals made using other electronic payment methods or credit cards are free of charge. They automatically generate swap-free accounts for all of its clients without altering any settings or contacting support.

Account Categories

The following is a comparison chart of Pocket Option account types:

Account Demo

Pocket Option provides a sample account for you to test the platform. It is not necessary to register in order to utilize it. It is an excellent tool for assisting you with your initial steps in trading, allowing you to observe how their platform operates and learn. Go to their website and click the Demo account option to obtain $10,000 in virtual currency to trade with. It is usually preferable to test the waters with a trial version before investing real money.

The demo will give you enough hands-on experience to decide whether you want to proceed. And, owing to the Pocket Option platform’s user-friendly account style, you’ll immediately realize whether you’re up for sophisticated stuff or not.

Assets

Pocket Option has over 130 assets to trade. These assets are classified into five types:

• Forex
• Cryptocurrency
• Indices
• Stocks
• Commodities

The website’s trading schedule displays the assets exchanged in real-time as well as the percentage of payment for each.

Withdrawals and deposits

Withdrawals and deposits are simple. Pocket Option accepts all major forms of payment, including:

• Mastercard
• VISA
• Maestro
• Debit Card
• Bitcoin
• Litecoin
• Ethereum
• Bitcoin Cash
• Ripple
• ZCash
• Skrill
• Neteller

What is the required minimum deposit?

Pocket Option requires a minimum deposit of $50. The minimum deposit is standard in the business. The minimum trading amount is 1 dollar.

They accept debit cards, credit cards, Perfect Money, and Advcash as deposit and withdrawal options.

Traders may fund their accounts using Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ripple, USDK, ZCash, Dai, Tether, and USD currency.

Withdrawal

The minimum withdrawal amount for live trading accounts is 10 USD, which is lower than the minimum withdrawal amount for most binary options brokers. However, because USD is the only base currency offered at Pocket Option, you can only withdraw in USD.

How Do You Withdraw Money From Your Pocket Option?

To withdraw your funds, go to the “Finance” tab and select “Withdrawal.” Then, input the amount you want to withdraw, select a withdrawal method, and follow the on-screen instructions to complete the request. In most circumstances, the minimum withdrawal amount is $10, and withdrawals are handled within 24 hours to two business days.

You should have no trouble depositing and withdrawing funds, regardless of the method you use. The withdrawal requirement is significantly lower than the deposit requirement. To complete the transaction, you must withdraw $10 rather than $50. They do not charge a fee or commission for these transactions, unlike other binary options brokers. Remember to factor in currency changes. Many banks charge a fee for these, so be aware of any additional charges that may apply.

Types of Trade

Pocket Option trade types include basic high/low options. High/low options are the most basic sort of binary option transaction. You pick a time limit and forecast whether the asset price will rise or fall from the start.

High/low options pay off almost instantly, making them ideal for binary options traders. If you’re new to binary options, high/low options might help you practice your strategy quickly. Set your timer to at least 60 seconds. You can specify an expiry time of up to four hours.

Payouts

Pocket Option is well-known in the binary options market for its large rewards. The lowest percentage you may make is 50%, however their average is far greater. You may normally expect a payoff of between 80% and 100% for successful high/low predictions.

Payouts can reach 218 percent, which is much more than the industry average. Even the most renowned binary options firms only offer up to 200 percent returns.

Keep in mind that high/low trading has bigger rewards than other forms of binary options trading, such as ladder/pair options.

If you want to get acquainted with Pocket Option, 60-second high/low options trades may be highly advantageous, and they can even earn you a considerable profit in a matter of minutes! Trading high/low options, on the other hand, is dangerous since a string of losing transactions may rapidly wipe you out.

Promotions and bonuses

When you establish a live account with Pocket Option, you will receive a 50% deposit bonus on your first deposit. The more your initial trading capital, the greater your 50% bonus.

The bonus cannot be withdrawn until you begin trading. Pocket Option demands trades initially since some investors assume they can sign up and withdraw the bonus together with their initial payment.

They have several extra features that will enhance your experience. A real account gives you access to various services, such as social trading, competitions, achievements, and indicators and signals.

Social Buying and Selling

Beginners would like the social trading option. It enables traders to track the trading patterns of other investors and determine which ones provide favorable results. You can even learn to emulate the transactions of the most experienced traders for the finest results.

Is Pocket Option secure and legitimate?

Pocket Option is one of the most reliable binary options brokers available. According to our study and expertise, it is a trustworthy trading platform with safe deposits and withdrawals. It is governed by the IFMRRC. Furthermore, Pocket Option follows the AML and Know-Your-Customer policies, which protect the client’s sensitive information from any fraudulent conduct.

Gembell Limited is the corporation in question, and its official registration number is 86967. TSRF RU 0395 AA Vv0158 is the IFMRRC license number.

Customer Service

Customer service is simple to contact and available around the clock; their email address and phone number are both provided on their official website.

They are also on Facebook, Instagram, and Twitter. Open their website’s live chat feature and begin talking. If you have a question but don’t have time to talk, you may fill out the contact form on their website, and they will get back to you as soon as possible.

To reach them, use the following information:

Phone: 1 (800) 982-1251

Email: support@Pocket Option.com

Our Opinion

Pocket Option is a reputable binary options trading site that is governed by the IFMRRC. Based on our analysis and research, it is a trustworthy broker with positive client feedback and safe deposits and withdrawals.

While Pocket Option is intriguing due to its many unique features and assets, you should not overlook its drawbacks. Weigh your options and decide which binary choice is best for you.

FAQ

Is it possible to make a profit on the demo account?

The demo allows you to become acquainted with the platform, practice your abilities on various assets, and test new strategies on a live chart without risk. The monies in are not real funds. You can increase them by conducting profitable transactions, but you cannot remove them. Instead, when you’re ready to start with real money, you may switch to a genuine account.

Is Pocket Option Legal in the US?

Pocket Option is legal in the United States and is one of the greatest trading platforms available. It is offered in many countries in 22 languages, and its trading platform and website are simple to use.

Is Pocket Option Legal in the UK?

Pocket Option is a safe trading platform that is totally legal in the United Kingdom, since it is regulated by the IFMRRC. Because the Financial Conduct Authority (FCA) oversees the internet trading business, binary options and FX trading are completely lawful.

Is Pocket Option Legal in India?

Pocket Option is legal in India, has been around since 2017, and has received several positive customer evaluations. Their services have steadily improved over time. Forex, high/low options, CFDs, and other assets are available to Indian traders. To summarize, trading using Pocket Option is legal in India.

Does Pocket Option Have Rollover?

At the present, Pocket Option does not support rollovers. As a result, dealers are unable to prolong their expiry dates.