What is the Pocket Option?
Founded in 2017, Pocket Option is a binary options broker that offers a variety of financial instruments. It’s registered in the Republic of the Marshall Islands.
Are Pocket Options regulated? Yes.
Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC).
While the IFMRRC isn’t well-known, the platform’s longevity suggests that Pocket Option is safe, as do some of the metrics…
Pocket Option provides several access options, including a browser-based platform as well as desktop (Windows and Mac) and mobile applications (Android and iOS).
Funding your account is simple, with over 50 payment options including Visa, bank transfers, e-payment platforms, or cryptocurrency.
Pocket Option Features:
Assets
Pocket Option offers over 100 trading instruments, including FX, commodities, indices, and even cryptocurrencies.
Here are a few examples of what you can trade:
- Standard fiat currency crosses, such as EUR/USD, and exotics, such as EUR/RUB.
- Indices, such as the S&P 500, AUS 200, and E50EUR.
- Individual stocks, such as Apple (NASDAQ: AAPL) and Meta, AKA Facebook (NASDAQ: META)
- Commodities including Gold and Oil.
- Cryptocurrencies like Bitcoin and Dash.
Trading Platform
Binary options are not recommended for beginners — it’s a very risky style of trading.
But if you’re a seasoned trader looking to explore binary options, Pocket Option’s platform has everything you need.
Its sleek interface is simple to navigate with menus on both the left and right of the screen.
On the left, you can access:
- Your real or demo account and trading bots.
- Deposits, withdrawals, and promo codes.
- Trading history and profiles.
- Market, lotteries, social rewards, and gem mining.
- Account achievements.
- Chats — general chat feed for platform users, support, and private messages.
- Help with guides, tutorials, and more.
On the right-hand side, you’ll see:
- Top-ranked traders and traders who have copied your trades.
- Pending trades that will only execute if certain criteria are met.
- Various free and paid tournaments (more on that below).
Next to the right-hand trading menu, you’ll find all your open and closed trades with time stamps and P&L (Profit and Loss) information.
Under that, you’ll find real-time trade signals that are generated by the community which you can copy with a single click.
Pocket Option automatically displays signals for the same chart you’re looking at. So if you’re analyzing multiple instruments at the same time, make sure you click the right signal because they’re mixed together!
Charts
Pocket Option offers a variety of chart types, such as line, candle, bar, or Heiken Ashi.
The trading platform provides a host of popular charting indicators, including:
- Bollinger Bands
- RSI
- Moving averages
- ADX
You can also access your favorite drawing tools, such as:
- Channels
- Fibonacci Retracements
- Trend lines
- Andrew’s Pitchfork
Pocket Option also lets you analyze up to four charts on a single screen, so you don’t have to constantly switch back and forth to keep tabs on your trades.
Mobile App
Pocket Option’s mobile application (available for IOS and Android devices) is just as easy to use as its browser counterpart with an almost identical layout.
In the mobile app, you can do pretty much everything you can do on the browser platform.
The one thing you can’t do? View multiple charts on mobile due to screen size restrictions.
Demo Account
Since binary options are extremely speculative and risky, it’s a good idea to test the waters with a demo account before you put your hard-earned cash at risk.
Pocket Option has a demo account option that gives you $10,000 of simulated money to practice on the platform, with the option to request a top-up.
Simply click the “Free Demo” button on Pocket Option’s home page to get started.
Here’s a glimpse of what the Pocket Option demo account looks like:
Trading Gamification
A word to the wise: traders should approach gamification features with caution, as they can promote risky behavior.
That said, if you enjoy this type of feature, Pocket Options has you covered. The features revolve around gems with four different rarities:
- Red Gem of Pro — $2 each
- Blue Gem of Master — $8 each.
- Green Gem of Guru — $30 each.
- Secret Gem of Heroes — you can’t buy this
Besides buying gems outright, there are several ways to earn them, including earning shards through trade frequency, social rewards when someone copies your signals, and lottery and achievement-based gems.
These gems can fetch your bonuses, including deposit bonuses between 20% to 110%, direct cash injections, loss cancellations, cash back, effect boosters, and much more.
Tournaments
Similar to gamification features, tournaments add a social element to Pocket Option. However, since tournament trading takes place with virtual balances, participants don’t have to spend live funds while competing.
Here’s how it works:
- To participate, click the tournaments tab on the platform’s right-hand menu and choose a tournament.
- Once you join, you’ll find the tournament’s details — start time, participation fee, starting balance, the number of participants, and more.
- Tournaments are played with virtual funds so they’re a fun way to test aggressive strategies for as little as $1 (and sometimes free).
- Losing streak? No worries. Tournaments have a re-buy feature that allows you to top up your tournament account anytime it drops below $100.
Pocket Option Fees & Commissions
Pocket Option doesn’t charge fees or commissions on withdrawals and deposits.
Here’s how they make their money:
- Trader losses
- Users who purchase gems and other boosters with cash
Is Pocket Options Legit?
Is Pocket Option safe? As I mentioned earlier, Pocket Option is not regulated by the SEC. That fact alone should make you approach the platform with caution.
However, it is regulated by the International Financial Markets Relations Regulation Centre (IFMRRC), and other aspects bolster its legitimacy:
- Pocket Option has been around for six years and has experienced user growth.
- Pocket Option has almost 2,000 five-star reviews on the independent review platform Trustpilot.
Who is Pocket Option Best For?
Pocket Option is best for:
- Seasoned binary options traders with a verifiable edge
That’s it.
Pocket Option is not recommended for beginners, as binary options trading is an extremely risky style of trading. If you’re a beginner, I suggest seeking out a more general trading education before expanding into more speculative trading styles.
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