Pocket Option Review: Unbiased Expert Analysis & User Experience
This comprehensive Pocket Option review delves into the offerings of this popular derivatives broker, focusing on binary and OTC options for forex, stocks, and cryptocurrencies. Our expert analysis provides insights into average payouts, the proprietary trading platform, and various payment methods, highlighting key advantages and disadvantages of Pocket Option.
From minimum deposits to trade execution, we’ve thoroughly tested every element of this platform to help you determine if it’s the right fit for your trading needs. This Pocket Option review aims to help you understand why this platform might be a strong choice.
What is Pocket Option?
Pocket Option was founded in 2017 by a team of IT specialists and is managed by its owner, Gembell Limited. The company is registered and headquartered in the Marshall Islands, where it is regulated by the International Financial Market Relations Regulation Centre (IFMRRC).
This binary options broker boasts over 100,000 active users and a trading turnover exceeding $500,000,000. The company serves clients in over 95 countries and regions, making it a truly global brand. This extensive reach contributes to the positive reputation often seen in a Pocket Option review.
Pocket Option Trading Platform
Instead of relying on popular third-party software like MT5, Pocket Option provides its own proprietary trading platform. This integrated solution combines all the broker’s features and assets into one intuitive interface, making it suitable for both beginners and experienced traders.
The Pocket Option trading platform offers a robust set of features, including:
- 14 timeframes (from 30 seconds to one day)
- Four charting types
- 30 technical indicators
- Nine graphical tools
- Ability to display four simultaneous charts
- Copy trading functionality
- Trading signals
- Social trading chat
- Account management tools
The platform is accessible through various channels:
- A web-based client embedded on the Pocket Option website.
- A free desktop software application for Windows (including Windows 10) and Mac computers.
- A mobile app compatible with iOS and Android devices.
Available Assets on Pocket Option
Pocket Option offers binary options and OTC options trading on over 130 underlying assets, categorized into four main classes:
- Forex Pairs: Over 30 currency pairs, ranging from major pairs like USD/GBP to minor and exotic pairs such as NZD/JPY.
- Commodities: Four OTC (over-the-counter) commodities: gold, silver, UKBrent (oil), and USCrude (oil).
- Stocks: Over 20 stocks, including popular companies like Apple, Pfizer, HP, and Google.
- Cryptocurrencies: Over 35 cryptocurrencies, including Bitcoin and Ethereum.
This diverse range of assets is a key highlight in any thorough Pocket Option review.
Spreads & Commission
As a binary options broker, Pocket Option does not charge commissions or non-trading fees. Instead of spreads, the broker provides an expected payout for each asset, indicating potential earnings. This is a crucial detail for understanding the cost structure in this Pocket Option review.
Typical forex payouts include:
- EUR/GBP – 81%
- GBP/USD – 57%
- USD/RUB – 92%
Typical stock payouts include:
- Disney – 92%
- McDonald’s – 78%
- Microsoft – 51%
Cryptocurrencies usually have a lower payout rate of around 40% due to their increased volatility.
Leverage
The maximum leverage offered by Pocket Option is 1:1,000. This means that a deposit of £100 could allow you to trade with up to £100,000. While leverage can amplify trading gains, it’s essential to use it cautiously as it can also significantly increase potential losses. Understanding leverage is vital for a complete Pocket Option review.
Pocket Option Mobile Apps
Pocket Option provides a fully functional mobile application for both iPhone and Android devices. The app supports both APK and iOS formats and is available for download on the App Store and Google Play Store. The app is user-friendly, glitch-free, and offers ample support, making it ideal for beginners who may need assistance with its features. This accessibility enhances the user experience for the Pocket Option trading platform.
Pocket Option Deposit Methods
There are no deposit fees when funding your Pocket Option account. The minimum deposit requirement is $50, and deposits typically process within 1-2 business days. Credit card deposits can only be made in US dollars. This information is key for anyone considering a Pocket Option deposit.
Is Pocket Option Legit?
Many traders often ask, “is Pocket Option legit?” As highlighted, Pocket Option is registered and regulated by the International Financial Market Relations Regulation Centre (IFMRRC). While the IFMRRC is not as widely recognized as some other regulatory bodies, it does provide a level of oversight. The broker’s global presence and large user base also suggest a legitimate operation. Always conduct your own due diligence when considering any broker.
Pocket Option Withdrawals
Pocket Option offers a variety of withdrawal methods, including e-payments, cryptocurrencies, and bank transfers. The minimum withdrawal amount is $10. Withdrawal requests are typically processed within 1-3 business days, though the exact time can vary depending on the chosen method. Fees may apply depending on the withdrawal method. Clear information on Pocket Option withdrawals is crucial for traders.
Verdict
This Pocket Option review concludes that the broker offers a compelling platform for binary and OTC options trading. Its proprietary platform, diverse asset selection, and accessible mobile apps make it an attractive option for many traders. The transparent fee structure and various payment methods further enhance its appeal. While the regulatory body might not be top-tier, the broker’s extensive user base and global reach provide some reassurance. Overall, Pocket Option presents a robust solution for those interested in binary options trading.
