Characteristic | Details |
---|---|
🗓️ Founded | 2017 |
💵 Min Deposit | $5 |
🔢 Min Trade | $1 |
💻 Platforms | MT5, Proprietary |
🎮 Demo | Yes |
🎁 Bonus | 50% Bonus |
🛡️ Regulation | IFMRRC |
👥 Social Trade | Yes |
🤖 Autotrading | Yes |
💰 Fees | None |
📱 Mobile App | Android APK |
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Pocket Option Review
So, here’s the deal. I got into Pocket Option back in 2017 when Gembell Limited launched it, aiming to make trading accessible to everyone with a sleek, easy-to-use platform. They made trading a piece of cake, and by 2019, over 10 million people had joined the fun.
They designed Pocket Option to provide an awesome trading experience. I can play around with price changes over just a few minutes using both their own platform and MT5, which caters to all types of traders.
Why Choose the Pocket Option?
From my experience, I can say Pocket Option delivers a fantastic trading atmosphere. You can take advantage of those market movements with an interface that runs smoothly.
Here’s what makes Pocket Option stand out:
- Diverse assets: Explore forex, stocks, and cryptocurrencies.
- Free demo account loaded with $50,000 in virtual cash.
- No commissions on trades, deposits, or withdrawals.
- Social and auto trading features included.
- Turbo options for quick trades as short as 5 seconds.
- MT5 access for forex trading options.
- Sweet 50% bonus for newcomers on their first deposit.
These features make trading with Pocket Option super easy and provide one of the best setups out there.
Pocket Option vs Other Brokers
Now, let’s compare Pocket Option to the competition. While it shines with a top-notch trading platform, it's crucial to see how it measures up feature-wise against other big names. Check the table below for key differences:
Feature | Pocket Option | World Forex | Grand Capital |
---|---|---|---|
🎮 Demo Account | Yes | Yes | Yes |
🎁 Bonus | 50% Deposit Bonus | No | No |
💸 Commission Fees | None | None | None |
📊 Trading Platforms | MT5, Proprietary Platform | MT4, MT5 | MT4, MT5 |
🤝 Social Trading | Yes | No | Yes |
🤖 Automated Trading | Yes (EAs, Bots) | Yes | Yes |
📱 Mobile App | Yes | Yes | Yes |
🛡️ Regulation | IFMRRC | SVGFSA | FinaCom |
Trading with Pocket Option is all about an easy-to-use interface, rapid execution, and a wealth of asset options. And with no commissions, it's a no-brainer for beginners!
How to Start Trading on PocketOption
Getting started with PocketOption is all about registration—it’s super easy. New traders can set up their accounts quickly and be ready to jump in.
Create an account in a few easy steps
Here's how to get your account rolling:
- Visit the official Pocket Option website.
- Enter some basic info: your email, a password, and choose a currency.
- Verify your account by clicking the link sent to your email.
- Complete the KYC process to confirm your identity—passport or driver’s license works.
- Add funds to your account using any method you like; a minimum deposit of just $5 is all it takes.
Follow these steps, and you'll be trading in no time.
Using Demo Trading for Practice
The trading platform comes with a free demo account packed with a hefty $50,000 in virtual funds. It’s perfect for those curious about trading or looking to try out PocketOption. This demo allows me to sharpen my trading strategies without putting real money at risk, plus I can test all features before going live.
Types of Accounts and Their Advantages in Pocket Options
From what I've gathered, Pocket Options offers six types of accounts, each designed for different levels of traders. As my balance grows, I get access to awesome features that help reach my trading goals.
📊 Account Type | 🎯 Key Benefits | 💵 Max Trade Size | 📈 Increased Payout | 💸 Refund on Out-of-the-Money Trades |
---|---|---|---|---|
🔰 Newbie | - Unlimited trades - Copy trading - Tournaments |
$1,000 | None | None |
🌱 Beginner | - All Newbie perks - Express trading - Gems lottery eligibility |
$1,000 | None | None |
💼 Experienced | - All Beginner benefits - Access to MT5 for forex - All securities open for trading |
$1,000 | 2% | None |
🏅 Master | - Faster withdrawals - All Experienced perks |
$2,000 | 4% | Up to $10 |
⭐ Pro | - Personal account manager - All Master benefits |
$3,000 | 6% | Up to $50 |
👑 Guru | - Better platform indicators - All Pro benefits |
$5,000 | 8% | Up to $100 |
Fees for Traders
Pocket Option keeps things chill with no trading fees:
- No commission on trades: You can trade without extra costs.
- No fees on deposits or withdrawals: All incoming and outgoing funds are free of charge.
The only time I might see a fee is with Perfect Money transactions, which come with a tiny 0.5% fee.
Deposits and Withdrawals
Trading live with Pocket Option means flexible, fee-free deposits and withdrawals. Just start with a minimum of $5 and remember they cap withdrawals at $10 a day.
Choose from several methods to fund your account or withdraw:
- Credit/Debit Cards
- E-wallets
- Cryptocurrencies
- Bank Transfers
To boost your account, log in, click on "Finance," select "Deposit," choose your method, and confirm. Withdrawing is just as simple.
Binary Options Markets and Trading Strategies
In my perspective, Pocket Options opens up a variety of trading markets. I can not only analyze asset prices but also try out turbo and long options. I can adjust my tools to respond to market shifts, no matter the direction.
Here's a look at the available markets:
- Forex: 49 currency pairs (major, minor, and exotic).
- Stocks: 36 leading global companies.
- Indices: 24 key indices (FTSE 100, S&P 500, etc.).
- Commodities: 17 various commodities (gold, silver, oil, etc.).
- Cryptocurrencies: 10 popular coins (BTC, ETH, XRP, etc.).
The variety in trading options lets me trade flexibly.
Trading Strategies
Trading on PocketOption opens up many paths. I adjust my strategy based on objectives and noticeable market trends:
- Turbo options: Ranging from 5 seconds to 5 minutes, this strategy takes advantage of fast price movements, ideal for aggressive traders like me in active markets.
- Momentum trading: Spotting strong trends allows me to either ride the wave or look for reversals to gain from corrections.
- Zig Zag Strategy: Following price trends and identifying zig-zag patterns lets me forecast possible reversals. A perfect fit for indices and commodities.
- Support and Resistance Levels: My approach includes identifying major levels where prices often reverse, making trades at these levels for better accuracy.
This broad range of trading strategies allows me to test and adapt.
Trading Platforms
Pocket Options provides versatile and user-friendly trading platforms to accommodate everyone—from beginners to experienced traders.
Proprietary Pocket Option Platform
The proprietary Pocket Option platform is easy to navigate. Whether I’m on desktop or mobile, it’s perfect for traders looking for speed and simplicity:
- User-Friendly: It’s straightforward enough that even beginners can handle it.
- Fast Trading: Turbo options and quick trading right at my fingertips.
- Social Trading: I can easily copy the successful moves of other traders.
- Mobile Apps: Full functionality on the go with real-time alerts.
This platform sets the stage for seamless trading.
MetaTrader 5 (MT5)
For those desiring more, MT5 is an excellent tool offered by Pocket Option. It's a perfect match for traders eager for comprehensive charting and analysis tools. Key features include:
- Advanced Tools: Customize over 44 indicators and analyze 21 distinct time frames.
- Automation: Utilize Expert Advisors (EAs) to automate my strategies.
- Cross-Device Access: Works on desktop (Windows, macOS, Linux) and mobile devices alike.
MT5 makes trading smooth and user-friendly, a strong choice for anyone serious about trading.
Social and Automated Trading
Pocket Option combines the best of both worlds with social and automated trading, allowing me to enhance my trading strategies effortlessly. Whether I’m a newbie or a seasoned trader, these tools have my back.
Social Trading
Social trading on Pocket Option is a game changer. I can imitate the moves of top traders with these benefits:
- Leaderboard: I can see top traders ranked by their profitability—so I know who to follow.
- Copy Trading: I can mirror the actions of the leading traders with just a couple of clicks while managing my risk.
- Transparency: Access to traders' stats—like win rates and performance helps me make smart moves.
This is great for newcomers wanting to learn from the pros or for those who’d rather not micromanage their trades.
Automated Trading
With Pocket Option, I can also set my trading to autopilot with bots and EAs. Here’s why it’s fantastic:
- Expert Advisors: They execute trades based on preset strategies and market conditions.
- Customizable Levels: I can adjust how my bots carry out specific strategies, be it trend-following or scalping.
- 24/7 Trading: Automated systems mean I can always trade, whether I’m online or not.
Automated trading is a solid option for those wanting to keep their strategies running, even when they’re not paying attention.
Mobile Trading
Pocket Option ensures mobile trading is simple. I can manage trades anywhere, anytime, with the same features as the desktop version. Currently, the mobile app is available only for Android in APK format.
Here’s how to get into mobile trading on Pocket Option:
- Log in through the Pocket Option website on your Android device.
- Find the "Mobile Application" section.
- Download the APK from the site.
- Follow the on-screen installation instructions.
Once installed, just log in, and I'm set to trade on my mobile with all the same features available as on desktop.
Is Pocket Option Safe?
Pocket Option focuses on user security through various measures and proudly holds IFMRRC licensing. They have implemented strong security protocols to safeguard user data and funds. So, let’s break down the safety features:
- Encryption: Advanced encryption protects my information and all transactions.
- Secure Payments: Trusted payment processors ensure my deposits and withdrawals are secure.
- Account Protection: They promote strong passwords and provide features like two-factor authentication (2FA).
Positive Pocket Option reviews back this reliability—there's a solid reputation here.
How to Claim Bonuses on Pocket Option Broker?
Pocket Broker offers a 50% bonus on my first deposit, as long as I add $50 or more. The bonus is automatically credited to my account, and the bigger my deposit, the bigger the bonus—up to $5,000.
Bonuses from Pocket Option can enhance my trading capital, but I should check the details regarding withdrawal restrictions tied to trading volumes.
Pocket Option Customer Service
When I need support from Pocket Option, it’s great to know that I can reach them via:
- Live Chat.
- Phone Support: +44 20 8123 4499 available from 10:00 to 02:00 UTC+2.
- Email and FAQ Section.
They’re ready to help whenever I have questions. Now, I can simply dive in and start trading smoothly on the platform.
FAQ
What is the Pocket Option and How Does it Work?
Pocket Option is a trading platform where I trade based on price movements of assets from forex, stocks, and cryptocurrencies using short contracts ranging from 5 seconds to 4 hours.
How Do I Start Trading on Pocket Option?
I can sign up, verify my account, and deposit a minimum of $5 to start live trading. There's also a demo account with $50,000 in virtual funds for practice.
Is Pocket Option a Safe Platform to Trade on?
Pocket Option is licensed by IFMRRC, and all its connections are encrypted, so it’s secure.