Pocket Option 2021 Review. Broker's main features.

Lisa Harper • Feb 14, 2021
Min. deposit: $50
Bonuses program: Yes. More info
Products: CFDs, Cryptos, Commodities, Forex
Website: po.cash
Demo: No registration needed. Open web terminal
Metatrader: MT5
Pocket Option mobile app:
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. At average of 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. At average of 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Content on this page is intended for information and educational purposes only and should not be considered investment advice or investment recommendation.
Pocket Option desktop app
Pocket Option mobile app

Quick Review, Pros & Cons

DEMO ACCOUNT
MIN. DEPOSIT
MIN. TRADE
REGULATION
TRADE SIGNALS
AUTO TRADING
ANALYTICS TOOLS
RISK MANAGEMENT
WEB-ADAPTED
BONUS PROGRAM
The IFMRRC certificate
$1
$50
No registration needed
Pocket Option was founded in 2017. Despite its young age, the Pocket Option broker has proved to be a very attractive platform for binary options trading. Here's the main advantages:

  • Pocket Option demo trading for newcomers.
    Beginners can practice trading and explore the platform features in demo mode without risking capital.
  • Analytical materials for experienced users.
    There are advanced tools for computer and technical analysis as well as detailed monitoring of the trading account.
  • High level of profitability — up to 96%
  • Prompt service support.
  • Copy trading.
    All registered users can copy PRO-users trading activity automatically.
  • Loyalty programs.
    A 50% bonus when opening a real account, lottery, crystals.
  • Withdrawals with no commissions.
  • Noteworthy strategies.
Pocket Option is available in more than 95 countries around the world. The company operates not only in the CIS countries but also in USA, Canada, UK, South Africa, India, Singapore, Philippines, Malaysia and other countries.
We may mark next two points as the platform's disadvantages:

  • Short-term expiration on binary options.
  • Insufficient regulation.

How to start with Demo?

The platform welcomes newcomers and provides them with the possibility to use the terminal in a demo version.
The main advantage of a training account is that it is immediately available to all site visitors.
You do not need to fill out a registration form or enter any contact information to test the trading. Moreover, you will have access to virtual $10,000 to use in trade simulation. The aim of this free account is only to demonstrate the principle of the terminal performance. Every feature is clearly explained, so even a beginner will easily repeat the algorithm of a trade.
Demo account is an exclusive opportunity to test strategies, learn how to use indicators and signals.
To start with demo — it's a right choice to sharp skills in money management without risking real money. Only after that we recommend to make decision about activating a real account.
TAKE A LOOK AT THE TRADING PLATFORM
OPEN WEB TERMINAL

Types of accounts

Broker provided 7 types of accounts on the site to log in. The main difference between them is in the amount of the deposited funds.
Account type
Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
Demo



Newbie

$1000

(balance up to $100)
Beginner

$1000

($100–999)
Experienced
0.02
$1000

($1000–4999)
Master
0.04
$2000

up to $10
($5000–14,999)
Professional
0.06
$3000

up to $50
($15,000–49,999)
Guru
0.08
$5000

up to $100
(from $50,000)
Demo



Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
Newbie

$1000

Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
(balance up to $100)
Beginner

$1000

Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
($100–999)
Experienced
0.02
$1000

Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
($1000–4999)
Master
0.04
$2000

up to $10
Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
($5000–14,999)
Professional
0.06
$3000

up to $50
Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
($15,000–49,999)
Guru
0.08
$5000

up to $100
Higher profitability
Maximum deal amount
Access to the Forex market
Refund of trades closed with a difference of 1 point
(from $50,000)
It is important to mention that each account type allows for different gaming capabilities. These features include tournaments on the site, a market with bonuses, cashback, risk-free transactions. The higher the account type is, the more opportunities a trader gets for shopping in the store and a higher probability to earn impressive prizes in tournaments.

Web & App availability

Pocket Option offers several types of trading platforms that are designed for both beginners and advanced traders, including Pocket Option broker app. Each platform has its own advantages and functionality.

Mobile App

Pocket Option mobile app
Pocket Option mobile app
A mobile application is a business card of any company today. PocketOption has developed its convenient mobile application for online trading for devices running on iOS and Android operating systems. Pocket Option broker download is freely available on Google Play and App Store marketplaces. The application offers an adapted platform for comfortable working with the market on tablets and smartphones.

The main Pocket Option trading app is available both for iOS and Android:
REACT TO THE MARKET CHANGES ON-THE-GO
Besides, the company has developed three additional apps:

  • Pocket Option Analytics
    It includes technical, fundamental and waves analysis, forecasts and reviews of macroeconomic indicators.

  • Pocket Option Strategy
    It is a library of trading systems.

  • Pocket Option Signals
    Here you will find recommendations for opening positions with actual entry and exit points within the day. It is suitable for short-term trading.

Pocket Option Web Terminal

Pocket Option Web Terminal
Pocket Option Web Terminal
This platform variant is designed for more simplified trading, without unnecessary installations and downloading files. But, in terms of functionality, it is in no way inferior to MT5. The only limitation is the absence of auto-trading.
  • Fast startup, it is enough to have a computer and stable internet connection
  • Demo mode with no registration needed
  • Technical and graphical analysis tools are available

Web Terminal Advantages:

TAKE A LOOK AT THE TRADING PLATFORM
OPEN WEB TERMINAL

MetaTrader 5

It is designed for the traders who already have some experience in this industry. The platform provides access to Pocket Option demo account as well as real accounts. Despite the complexity of the platform, there is the detailed instruction for it.
  • Large selection of technical indicators;
  • It is possible to connect Pocket Option robot;
  • Full synchronization of deals with other platforms.

Pros of MetaTrader5 :

Visit Pocket Option website for more info about MetaTrader 5 and its advantages.

Is Pocket Option safe?

As the broker Pocket Option is registered in the Marshall Islands, in 2017. Company received a certificate from the International Financial Market Relations Regulation Center (IFMRRC) confirming the proper quality of services. IFMRRC belongs to the independent regulators that carry out control over trading operations in monetary terms in all possible financial markets.

A broker can receive a certificate after careful inspection by an audit firm. The approval for a certificate means that the company meets all the standards set by the regulatory center. So there is no doubt about the Pocket Option scam or not.

During only a few years, more than 10 million people successfully registered on the platform. Moreover, according to the Pocket Option broker review, every minute (according to the platform), they earn from 150 thousand dollars in total. Even on weekends, the number of online traders does not drop below 7000 people.

The platform is available in 22 languages. The company operates not only in the CIS countries but also in South Africa, Hong Kong, Singapore, Philippines, Malaysia.

Access to the Pocket Option trading real account is available after registration. To open an account, you just need to specify your email and come up with a password. You can log in with your Google or Facebook profiles.
Pocket Option App
Pocket Option App

Deposits / Withdrawals methods

Visa and Mastercard
  • Euros / US Dollars

  • Electronic systems
    Webmoney / Skrill / Neteller / Payeer / Advcash / Perfect Money / Yandex.Money / QIWI

  • Cryptocurrency
    ETH / DOGE / BTC / Stellar / ZCASH / Litecoin / DASH / BLK / XMP / EMC / RDD
GET 50% BONUS
MAKE A $100 DEPOSIT AND GET +$50 BONUS
Pocket Option minimum deposit amount is $50. The withdrawal amount is $10. Pocket Option withdrawal requests are processed within 24 hours, in some cases, two business days are required. The possibility to use cryptocurrency on the platform is its winning feature as traders from South Africa, Hong Kong, Singapore, Philippines, Malaysia can avoid conversion rates.
It is strictly recommended to go through the Pocket Option verification process after account activation. Identity and location confirmation may be required only when withdrawing funds, but it is advisable to do this immediately after registration on a financial platform. It will help you avoid delays with the funds withdrawals. All the nuances associated with personal identification can be resolved immediately after creating an account.

Commissions & fees

Pocket Option does not charge commissions for account replenishing and money withdrawals. When topping up a deposit, the commission may be charged by the payment system service itself, but not by the broker. All calculations are made in dollars when the balance is replenished in a different currency, the money is converted at the current exchange rate.

Bonuses

50% bonus on first deposit

After Pocket Option local login, the trader receives a promotional code for the first deposit, which gives up to a 50% bonus when replenishing an account with $50–5000. The money received does not affect the ability to withdraw profits and deposits. But you can withdraw the bonus itself when the total amount of deals exceeds the amount of funds received by 25 times.
Since February 19, 2020, the broker has canceled 100% promotional codes for replenishing a deposit. Now the maximum bonus upon activation is 50% (for beginners it is only 25%). A higher bonus can be obtained by purchasing it in the PocketOption Market. At the same time, the profile level of a private trader must be at least 5.
MAKE A $100 DEPOSIT AND GET +$50 BONUS
GET +50% DEPOSIT BONUS

Market

The broker has a Market section on the platform. It sells Pocket Option promo code, bonuses, risk-free deals, cashbacks, boosters for gaining experience in trading, VIP tickets for participating in tournaments, and much more. The market currency is crystals. They can be obtained for active trading, account replenishment, participation in the lottery and mining. A lottery is a virtual currency that is received for the weekend activity. Large transaction volume increases the chance of winning crystals. Mining is participation in social trading and copy trading.

Tournaments on the platform

The idea of this competition is that a group of participants with the same balance trades on the same asset. The trader with the highest profit wins. The broker holds paid and free tournaments. Each of them has its own rules of participation, the fee and the number of prizes. The size of the prize pool depends on the number of registered traders. Even traders with zero balance can participate in tournaments. And they have a chance to win up to $125. Therefore, users can start making money without serious investments.

Available products

Quick Binary Trading

With the fixed closing time of the option and expiration from 30 seconds to 4 hours.

    Digital Binary Trading

    With a time interval within which you can open one or several transactions that are closed simultaneously.

      MT5 Forex trading

      Available assets

      The platform offers 4 types of assets for options trading:
      • Currency
        The most often traded pairs are EUR/USD, GBP/USD, NZD/USD, USD/JPY
      • Cryptocurrencies
        The traders mainly prefer BTC/EUR, BTC/USD, as well as Ethereum, Ripple, Litecoin and others
      • Raw materials
        In this category, the selection is limited to gold, silver and oil
      • Stocks
        This category is represented by the widest assortment in the terminal among the groups of available assets. The company offers stock options of the largest American, European and Russian companies, such as Apple, Google, Tesla, Bank of America, etc.

      The most common type of binary option

      PocketOption decided to limit itself to standard Call / Put options. To make a profit, you need the price to be above or below the market entry level.

      As for the expiration dates, they range from a few minutes to 4 hours. There are no long-term contracts with an expiration of six months or a year. Pocket Option is more suitable for day trading.

      Copy trading

      Pocket Option social trading
      Pocket Option social trading
      • 14 integrated indicators
      • Tools for graphical analysis.
      • 12 timeframes are supported (from 5 sec. to daily charts).
      • The chart is displayed in the form of bars, lines, Japanese or Heiken Ashi candles.
      • Social trading — automatic copying of other people's signals.
      • There are limit orders.
      • Function of canceling unprofitable trades and risk-free trades — they are bought through the internal trading platform.

      The main features of the online terminal:

      TAKE A LOOK TO THE TRADING PLATFORM
      OPEN WEB TERMINAL

      Support & Tutorials

      The Pocket Option review positively evaluates the work of tech support. Usually, it is praised for the promptness of answers to questions and the quick resolution of disputable situations.

      The broker has provided 4 communication options:

      • Via live chat.You can get in touch with the operator during working hours. It is the most efficient communication channel.

      • Through the contact form.
        You will need to describe the problem, indicate your email and wait for a response.

      • You can write a letter to the broker's mail.
        The company provides two emails for corresponding: support@po.cash — technical queries, finance@po.cash — financial department.

      • Via telephone.
        + 44 20 8123 4499, it is the UK hotline.
      The Pocket Option trading platform offers training to both beginners in trading and those who are quite experienced but would like to expand their knowledge. You can get this information in different ways — either on the YouTube channel in the form of video lessons and webinars or from the articles on the website. These resources will disclose the most popular strategies, and various tricks and tips. The users can also contact the support team, where they will get even more detailed recommendations on how to work. Besides, on the site, you will find an electronic book devoted to working on the Forex exchange.
      Visit Pocket Option Youtube channel for more videos.

      ABOUT AUTHOR

      Lisa Harper
      Researcher and writer. Specializes in finance, binary trading. Lisa is skilled at explaining complex financial subjects in a easy way manner.
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