Is Pocket Option a legit broker for binary options? Keep on reading my Pocket Option review here to find out the truth about this broker for binary options and Forex!
Watch my Pocket Option review 2021 Video to learn more (Do not miss my other videos below).
Use the Link on this site to sign up to secure an exclusive Cashback bonus paid from my affiliate commission on a monthly basis on autopilot!*
Pocket Option Features and Benefits
As you see inside my Pocket Option review video, the User interface is straightforward to use, while it still offers some great features :
Risk Disclaimer: Trading involves risk! Only invest money you can afford to lose!
- Cashback Bonus – Get 3% Cashback of your trading volume! (Only if you use this link)
- Trade 60 Seconds binary options up to 4-hour binary options
- Earn up to 98% for every option expiring in the Money (Or even more for Ladder Options)
- Use one of 50 different deposit and withdrawal methods, including many cryptocurrencies, Skrill, Neteller, Credit Card and much more!
- More than 100 tradable assets
- Add the common indicators directly to your chart.
- Use candlestick Charts from 5 Seconds to several days per Candle!
- Draw Trend lines and Support and Resistance to Trade Price Action Strategies!
- Pocket option Is regulated by the FMRRC (License number TSRF RU 0395 AA Vv0116)
- Start with just 50 USD for your trading career (Or apply for the No Deposit 50 USD bonus)
- Only min. 1 USD per trade
- Attractive Bonus offers (Click here for a 100% Deposit Bonus!) Attention: Always read the bonus terms and terms of use!
- Social Trading – Pocket Options Social Trading Feature offers a way to follow experienced traders instead of trading yourself. Be careful here, this can be great, but you need to choose who to follow carefully!
- Trading Tournaments – Another cool feature is Trading tournaments. Pocket Option offers traders the option to take part in Trading tournaments regularly!
- Fast & Easy Withdrawals!
- Interesting Level based reward system – Earn Experience for Trading and get rewards if you hit specific levels!
- Ladder Options – Trade Ladder Options and specify your Risk/Reward Ratio!
- Pocket Option provides a Mobile app for Android and IOs to trade from your smartphone or tablet!
- Hot Key Feature – You can trade at Pocket Option using shortcuts on your keyboard. This way, you can trade even faster and more accurate!
- New Feature Add on: PO integrated the Fibonacci retracement, several indicators, Haiken Ashi Candles and many more trading tools into their trading Platform!
- New Feature: Express Options – earn up to 300% return if your option ends in the money!
- Pending Order – Place orders triggered by price or charts!
- Tournaments for free and paid with the chance to win real money!
- Fast Withdrawal!
- Pocket Option Deposit and Withdraw methods.
Pocket option offers customer support via email, phone or live chat! The support is fast and helpful!
They also offer helpful trading education, a No Deposit Demo Account, more than 50 deposit/withdrawal methods, instant deposits and withdrawals, a wide range of trade-able assets including more than 40 cryptocurrencies, tournaments & social trading and much more! Watch my new Review video below (The other one is my first Video in German with subtitles). Click here and start trading with Pocket Option Today! (Trading always involves a high amount of risk)
Trade types
Pocket Option offers some interesting trade types besides the regular binary options trade. Inside the binary options trade panel, you can choose between normal binary options trading and the Pocket Option express trade feature. Express trades combine more than two binary options into one trade with a massively increased profit in the case both (Or all) binary options are ending in the money! If one of those trades ends out of the money, the whole Express Trade is lost! If all are in the money, the specified return is added to your balance instantly!
Pocket Option also offers Forex trading using the Pocket Option Forex Panel or the Meta-Trader 5 Software if you want to use automated trading systems or a desktop software like Meta-trader!
A Demo Account
To get started with binary options or Forex trading, you really should start your journey inside a demo account! The Pocket Option Demo Account provides all features you will have inside the real account. The only difference is that you trade with fake money to learn how the platform is working or test your trading strategies!
I highly recommend testing new strategies using the Pocket Option demo account first! This avoids losing money with unproven strategies! I highly suggest to read my price action strategy PDF after reading this Pocket Option review to find out more about my most used trading strategies for binary options!
Bonuses
Pocket Option offers some exciting bonuses you can choose from. For example, there is a 50% deposit bonus for your first deposit. You can use different bonus codes to add additional bonuses to your account, even if you already used the first deposit bonus! If you trade for a while, you will also earn experience points enabling you to add other exciting add on and rewards to your account! Last but not least, you can use this link to get an automated cashback bonus calculated from your trade volume. This bonus is added once a month to your accounts balance if you ensure to use this link. (And remove your cookies before!)
Mobile Trading
If you do not use a desktop PC, don´t worry! This broker provides an exclusive trading app for Android and Mac OS, including all you need to trade binary options and Forex! You can click here to download the app matching your mobile operating system!
Pocket Option Trading Platform
The Pocket Option Trading Platform is a unique web-based platform allowing you to trade binary options as well as Forex and CFDs! You can use all the standard tools traders are using to analyze charts and making their trade decision without the need to download and install additional software (Except you are using the mobile apps or the Meta-Trader 5 Software).
Deposits & Withdrawals
There are many methods you can use to deposit and withdraw your money! Besides MasterCard, Maestro and Visa cards, you can also use a wide range of cryptocurrencies like Bitcoin, Ethreum, PAX, Binance Coin, Tether, USDK and many more! You can also use Perfect Money, Web Money or AdvCash to send and receive money using online payment services!
Customer Support
As soon as you have a problem with their withdrawals, you won´t reach anybody anymore!
Pocket Options Review Video
Well, let’s take a look at the Trading Interface and how to trade binary options at Pocket Option! Inside the following video, you will not only see Pocket Option in action, but you will also see my Price Action Trading Strategy I’m using here! Click here to get my Price Action Strategy for free!
Click Here to Learn more about my exclusive bonus! (Trading always involves a high amount of risk)
What others say about Pocket Option!
If you take a look into the Google App Store to check for their App Ratings and Pocket Option Reviews, you will find lots of positive, as well as a few negative user reviews! Overall, this is a positive rating.
If you search Google for Pocket Option reviews, it´s widely mixed. As it seems is Pocket Option a great broker as long as you lose money, if you start earning too much you will get in trouble!
Pocket Option 50 USD No Deposit Bonus
Pocket Option offers the opportunity to start trading with a 50 USD No Deposit Bonus right away on their platform! Click here to take advantage but always read the bonus terms in advance!
They also offer the opportunity to get a 100% Deposit bonus on your first deposit amount, with a minimum deposit of 50 USD. Click here to apply.
New Pocket Option Features
Pocket option is constantly updating and optimizing their trading platform to provide the best trading experience to their traders, here are the newly added features Pocket Option provides recently!
New Feature #1: Ladder Options
Watch the video below to find out how you can trade Ladder Options inside Pocket Options, and why you should!
New Feature #2: Forex Trading
Pocket Option has added the option also to trade Forex using the MetaTrader 5 Software! Watch the video here to learn more about the Pocket Option Forex Trading Feature!
New Feature #3: Express Options
Pocket Option has added a new kind of binary option recently called Express Trades! Here you can combine two or more binary options for even higher returns if they are closing in the money! Watch this video here to see how they are working!
New Feature #4: Metatrader 5 Support for Forex Trading
For some time now, Pocket Option has offered the option to trade on the Metatrader 5 Software! This way, you can install custom made indicators and tools to be used in your Forex trading strategy or system! You can as well also use Expert Advisors to automate your trading strategy completely!
New Feature #5: Trade 5 Seconds Binary Options
Pocket Option recently added the option to trade even shorter binary options, so from now on you can easily trade 5 Seconds binary options with Pocket Option if you want to! Attention: There is a high risk involved in this kind of binary option trading, so make sure to only invest money you can afford to lose!
New Feature #6: Pocket Option Robots and Auto Trading Options
Pocket Option has added the option to use different automatic trading systems on their platform. The Pocket Option Robot can be used as signal provider to trade manually, or you can set it on automatic to trade on Pocket Option on your behalf! A detailed post about this new feature will follow in the near future!
Pros & Cons
Positive aspects
- Accepting traders from the USA and Canada
- A lot of assets to trade
- High return for options ending in the money
- A lot of helpful trading tools
- Many indicators you can use
- Fast and Easy to use charts on their web platform
- Fast Withdrawals and Deposits
- A helpful Support
- Trading tournaments (paid and free)
- Trading rewards for the high-frequency traders
- Chat with other traders in their chat section
- Trade different kinds of options and Forex all in one platform
- Great Bonuses and Rewards
- Fast trade execution
- Trade options from several seconds up to several hours
- Free Demo Account
- Well, let’s take a look at the most impressive pros and cons of Pocket Option as a binary option or Forex broker:
Negative Aspects:
- Does Not Pay if You Really Earn Money!
- No touch or ladder options right now!
- Only low rewards for cryptocurrency trades
- The need to verify your trading account before you make a deposit (This is normal, and you should avoid all brokers without the need to verify your account!)
Conclusion
We used Pocket Option for some time, but it seems that they are not paying us anymore for no specific reason! SO we highly recommend to avoid trading with Pocket Option!
Pocket Options FAQs
Is Pocket Option a Scam?
No. There is absolutely no proven case that the pocket Option did not payout or anything else! Anyway, there is always a risk involved in online trading, and some good brokers become bad brokers over time! That is why you always should split your capital between several brokers. This way, a broker leaving the market won´t be able to take away your whole capital at once! (In fact, this never happened to me in 10 years of trading binary options, there was only one case where it took approx. 2 Months for my money to appear in my bank account).
Whats the best option to deposit and withdraw?
In my experience, the best options are cryptocurrencies as the fees are the lowest depending on the currency you choose (Tip: Doge and ripple are low on costs!), but this depends on the country of residence! If you do not know where to buy cryptocurrencies and how to send them, check out this video!
Cryptocurrency Binary Options – Are they better?
This can be said in general! Cryptocurrencies tend to move faster and more volatile than other tradable assets. They can also be traded on weekends and all other times, including Christmas, for example! So if you are working the whole day, cryptocurrencies can be a solution to trade on weekends without trading over the counter assets!
Is PocketOption a game?
No – You will trade with real money (except if you use the demo account or trade a tournament), so it is not a game! Anyway, a few aspects are very similar, as you can level up for trading a lot and get a reward for doing so. It’s some kind of bonus system with an interesting twist!
How does the Pocket Options Reward “Game” work?
Well, it’s a bit like a computer game. You will receive experience points for trading, and they can be exchanged into different add-ons, a trading bonus and much more. I recommend taking a look by signing up and clicking on “Achievements”!
What are Pocket Options?
Pocket Option is a trading platform allowing you to trade binary options and Forex in a single place! Make sure to check out the Demo Account to see the tools and services this binary option and Forex broker has to offer!
Is Pocket Option A good broker?
While many binary options brokers are not paying your profits, I never run into problems using this broker! I´ve been trading here now for almost 3 years, and it is still my favorite binary options broker!
Is Pocket option legal in US?
Pocket Option is the best binary option and Forex broker you can access and use from the USA! There are only a handful of brokers accepting traders from US countries. This broker is the one I would choose! (Click here to find out more about the best binary option broker for trader inside the USA!)
How do you withdraw money?
It’s not hard to get a withdrawal from this broker! Just head over to the “finance” section, click on withdrawal and choose the payment option how you want to receive your money! Just follow the instructions to get your money sent to your favorite account!
Can you make money on the pocket option?
Yes, you can, but keep in mind that you need to know how to trade binary options or Forex to succeed in the long term! Ensure to check out my free PDF about my trading strategy and how to use it!
Is there a Pocket Option app?
Yes, of course! Depending on the platform you are using, you can find the official Pocket Option app inside the App Store and the Play Store! Click Here to get redirected to the official app on the right platform to avoid possible scams!!
How long does it take for a deposit?
This massively depends on the method you have chosen! Cryptocurrencies rely on the network, but they are usually fast (30 minutes up to a few hours). The same goes for online payment options like Neteller! Credit card payments and Bank Payments may take a bit longer, up to 1 – 2 Days, until they hit your account!
What are the bonus conditions for this broker?
If you decide to take a bonus, you have to trade at least for a specific volume before you can pay out the bonus amount! You can withdraw your invested money whenever you like, but you need to hit this level to pay out the bonus as well! Usually, you need to multiply the bonus amount by 50. This is the trading volume you have to reach to payout the bonus amount! For Example, Bonus Amount 50 USD x 50 = 2500 USD – So you need to close trades with a trading volume = 2500 USD to be able to pay out your bonus!
Where is Pocket Option located
PO is registered and located in the Marshall Islands! It is not regulated by the EU or inside great Britain!
Where to get a Pocket Option Bonus Code?
You can find the best Pocket Option promo Code in my blog post right here!
Are there any compare-able alternatives to Pocket Option?
Sure, the best alternative binary options broker is Quotex, make sure to read my Quotex Review by clicking here to find out more about this broker!
Does PocketOption allow Bots?
Since a few months, Pocket Option allows automated trading systems on their platform. They even provide their own trading bot using Telegram. This bot can be used for free and without the need to let your pc run 24/7
It’s really a great and useful piece of info.
Was looking for some time for a good binary options broker accepting clients from Canada, its not easy to find a good one! But finally, thanks to your work, I will try Pocket Option, looks fine sofar, thanks for sharing your experience!
Thanks for your comment, let me know if you need anything else°!
Hello, yes Pocket option is still my main broker, Finmax and binary are good as well, but I really favorite Pocket Option! As I know, they are accepting clients from india!
Hope this helps!
Thanks for your comment! Spreading your capital is a good thing and highly recommended as soon as you hit a specific level. As second option Finmax or Binary may be an option, IQoption also depending where you live!
Pocket Option is my favorite broker now for more than a Year. They provide a lot of great trading tools and instruments, as well as fast withdrawal options and a good support team! It is really one of the best binary option broker I found sofar!