Pocket Option is an online broker for trading Binary Options and Forex. You have access to more than 100 different assets through the web platform, mobile application or MetaTrader 5 software. “Pocket Option” is managed by the company Gembell Limited, which is located in the Marshall Islands and PO Trade LTD. which is located in Saint Lucia. From our experience, he is a typical offshore broker.
Facts about the company:
• Online broker since 2017
• Accepts international merchants
• Located in the Marshall Islands
• Swap financial markets with binary options and Forex / CFDs
• Multi platforms for any device
The broker attracts a lot of traders worldwide and accepts them internationally. Almost everyone can open an account with a pocket option. The company has existed since 2017 and our research shows that popularity is increasing. You can trade binary options on a modern platform with a very high return on investment up to 95+. In addition, there are a number of special features that make the broker unique.
Is the pocket option regulated?
For online investments, it is very important to use a regulated broker. Shows confidence and security. According to Pocket Option, the broker is regulated by the IFMRRC (International Financial Market Relation Regulation Center). It is an independent regulator that accepts online brokerage firms. To obtain the certificate, the company has to meet different criteria.
The FMRRC is not the same regulation as a country’s regulation, for example, CySEC in Cyprus or ASIC in Australia. Through our contacts, we know that Pocket Option is currently working on a higher regulation. In addition, the platform is very secure and has different security tools for your account, such as 2-factor authentication certificate and SSL. The platform is using only secure payment methods and has access to funds at any time. Overall, pocket option is a safe company, but it does not currently have the highest regulatory authority.
What can you trade with the pocket option? – Offers for merchants
Traders have access to currencies, cryptocurrencies, commodities and stocks on the platform. The financial product Binary Options (Options) is offered to trade with a high yield of up to 95. Compared to other brokers it is a very high return on investment in this particular niche. In addition, you can trade 24 hours a day, 7 days a week on the platform. The cryptocurrency and OTC tables are available 24 hours a day.
The options can be traded with different experience times from 1 minute to 4 hours or more days. Short- and long-term traders will be comfortable with asset offers and expiration dates.
New merchants can use the free demo account with a balance of $ 10,000. It is a practice account with virtual money and perfect for testing the platform. In addition, you can renew the demo account if you have made losses. So it is an unlimited and free account. You don’t have to sign up for it. Real money trading is available with a small deposit of $ 50 and the minimum investment amount is $ 1 per trade.
Another good feature is the option of bonuses and achievements. You can get a free bonus of up to 100 if you agree to increase your deposit and account balance. Achievements are free goodies that you get if you exchange real money. If you exchange more, you can access increases and bonuses.
Summary of conditions and characteristics:
• More than 100 assets (currencies, cryptography, stocks, commodities)
• Yield up to 95+
• Free demo account
• A minimum deposit of $ 50
• Free bonus program
• Awards and achievements
• Social commerce and competitions
Social commerce and contests are available, too. Follow other popular and successful marketers. You can copy them automatically. Tournaments are run with a free demo account or real money account. Earn high prices if you are a good marketer. In summary, pocket option offers very good conditions and resources for traders.
Deposit review and withdrawal
Pocket Option offers a lot of different payment methods to make a deposit and a withdrawal. There are electronic methods like a credit card, cryptocurrencies and electronic wallets. The minimum deposit amount is US $ 50 and there are no fees for the deposit. In addition, in most payment methods, there are no fees for withdrawal.
The minimum withdrawal amount is $ 10. Withdrawals are made very quickly. From our experience, withdrawals are made within a maximum of 3 days. Our withdrawal was made within 24 hours without any commission. We can say that the Pocket Option is withdrawing its winnings to 100.
Often, when you register with a broker, you need to read a lot of information and spend time finding out which account is right for you. The research may involve the decision to be cautious with a basic introductory account or whether to invest more to obtain more benefits from the broker.
With Pocket Option, it’s simple. You have two options: practice or trade real money. You can open a demo account and trade with virtual funds or open an active account. Having a live account option keeps things on an equal footing and you can trade with confidence, knowing that everyone has the same privileges.
• Demo account
Not all brokers offer a demo binary options account and most do not allow access without having to register. You must provide registration information and deposit funds into an active account. The Pocket option takes a much more relaxed approach; it’s just a click away and you can start trading with virtual funds.
You are taken directly to the platform where you can start trading immediately with $ 10,000 in virtual money. The demo account will allow you to get to know the trading platform and its internal workings in a few minutes. This is an advantage for experienced traders, as all platforms vary. For starters, it is the perfect opportunity to find out if trading is for you before you commit real funds. With $ 10,000 in virtual funds, you will have more than enough capital to get some useful experience.
• Active account
For those who wish to go straight to the live binary options trading platform, with just $ 50, you can open a live account. You can choose to try the demo account first and then upgrade to an active account. However, no matter how experienced you are; it is a good idea to use the demo account to get used to the new platform.
After opening an active account, you can start trading with as little as $ 1 on more than 100 different trading instruments, which include stocks, indices, commodities and currencies. You will also have access to a number of other account benefits, such as tournaments, refunds, indicators and signals, social trading, achievements and a comprehensive educational aid section.
The website is very easy to use, regardless of the device you are on. Things are kept concise and intuitive, simplifying navigation. There is only one page before you are on the trading platform, be it the demo or the live version with real money. The mobile website platform performs well and can be used in both portrait and landscape view modes. After using the trading platform for a few minutes, you realize that the software implementation is excellent. This is mainly due to the excellent design and the fact that the mobile application maintains all the features of the desktop version.
For those who prefer to use the dedicated app, there are versions for iOS, Android and Windows. It couldn’t be easier to download the software and start trading on the go, regardless of the device you’re using. We tested all three mobile apps and found them to be stable, well-designed, feature-rich and as easy to use as the web-based versions.
Pocket Option has several special features to enhance your trading experience. With an active account, you have access to features such as:
• Social negotiation
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’ve found the most qualified traders, you can learn to imitate their trades to get a better chance at yours.
Pocket Option Tournaments allow you to compete with other traders for prizes. It is not much like social commerce, as the latter is not a competitive deal, but you will still see how it compares with other traders.
In tournaments, you have the chance to win prizes and achievements. Prizes vary, but some can cost up to $ 50,000 in your account, which you can use to trade.
When you earn tournament achievements, they’re more than a fancy badge to show your negotiating skills. Achievements can be as useful as $ 50,000 in cash prizes. In addition, you gain business advantages.
You can get a percentage payout bonus, trading funds and other benefits that allow you to enhance your trading experience and increase your chances of making a profit.
Advantages and disadvantages
When you think about trying out a new binary options broker, you want to ensure that they have enough resources to offer the best possible trading experience. What does Pocket Option have that sets it apart from the rest?
• More than 130 assets to trade
• Instant deposits and 24-hour withdrawal processing
• Social negotiation, tournaments and achievements
• 50% deposit bonus with your initial investment
• $ 1 minimum trades
• Demo account without registration commitment
• Available in 22 languages
• Accepts US traders
• Regulated and reliable
Despite its appeal with tons of assets and special features, the Pocket Option is not without its problems. Let’s see what can stop you from negotiating with them.
• Only one type of account to trade
• High / Low is the only type of trade
• Simple trading platform
• Not licensed by the Cyprus Securities and Exchange Commission (CySEC)
If you are looking for a quick way to make some demo trades, then Pocket Option or Betpawa are the solutions for you.