Pocket Option: Overview of Trader Reviews of the Popular Binary Options Broker

Pocket Option is a popular binary options broker that has garnered attention from traders worldwide due to its innovative platform and wide range of trading instruments. Founded in 2017, this broker quickly established a reputation in the market for its user-friendly interface, diverse assets, and attractive trading conditions. The company offers traders the ability to trade over 100 different assets, including currency pairs, stocks, indices, and cryptocurrencies. One of Pocket Option’s distinguishing features is its low entry barrier, making the platform accessible to both beginners and experienced traders.

The goal of this review is to provide an objective analysis of Pocket Option based on real user reviews. We aim to give a comprehensive overview of the broker’s strengths and weaknesses, drawing from the experiences of traders who have used the platform. This approach will allow potential users to gain a clearer understanding of what to expect from Pocket Option and help them make an informed decision when choosing a broker for binary options trading. We will examine various aspects of working with Pocket Option, including platform usability, quality of customer support, variety of trading instruments, as well as reliability and security. We will also highlight unique features that set Pocket Option apart from its competitors and potential areas for improvement mentioned by users.

Positive Aspects According to Users

Analysis of trader feedback on Pocket Option has revealed several positive aspects that users particularly appreciate about this broker.

Ease of Platform Use

Many traders praise the intuitive interface of Pocket Option. Users commend the ease of navigation and the platform’s user-friendliness, making it attractive to both novices and experienced traders alike. One user noted, “Pocket Option has a really user-friendly interface, which sets it apart from other brokers.”

Fast Deposits and Withdrawals

The speed of financial transactions is one of Pocket Option’s major advantages. Traders highly value the prompt processing of deposits and withdrawals. Many users mention that instant deposits and withdrawals take no more than a few hours. As one trader mentioned, “In one and a half years of working with them there have been no issues. Instant deposits, very fast withdrawals”.

Wide Range of Assets and Tools

Users appreciate the variety of trading instruments offered by Pocket Option. The platform provides access to a multitude of assets, including currency pairs, stocks, indices, and cryptocurrencies. Traders also note the availability of various technical analysis indicators and tools, enabling them to apply diverse trading strategies.

A Mobile App Availability

Many users have positively reviewed the Pocket Option mobile app. It allows traders to stay connected to the market and execute trades anytime and anywhere. As one user noted, “One of the main features is the mobile app, which allows you to trade wherever you are.”

Bonuses and Promotions

Traders highly appreciate the generous bonus program offered by Pocket Option. Many note the regular promotions, deposit bonuses, and special offers. One user wrote, “There are plenty of bonuses and interesting features here.”

Loss-Cancellation Feature

The unique loss-cancellation feature has received much positive feedback. This option allows traders to minimize losses by canceling unprofitable trades before they conclude. A user mentioned, “You can cancel some losing trades, which is really respectable.”

Short Expiry Times

Many traders value the ability to make trades with very short expiry times, as little as 5 seconds. This allows them to take advantage of short-term market fluctuations and apply various trading strategies. One user emphasized, “My favorite option is the ability to make 5-second trades. Very useful”.

These positive aspects, highlighted by users, make Pocket Option an attractive choice for many traders looking for a reliable and functional platform for binary options trading.

Noted Drawbacks

Despite numerous positive reviews, Pocket Option users also note some drawbacks and issues they encounter while using the platform.

Risks of Binary Options Trading

Many users emphasize the high risks associated with binary options trading. This is not so much a drawback of the platform itself but a characteristic of this type of trading. Some traders report significant financial losses, especially in the early stages of trading.

Occasional Withdrawal Delays

While most users are satisfied with the speed of withdrawals, some traders report occasional delays. One user noted, “There are some minor withdrawal delays, but it eventually gets sorted, seems like there is a decent amount of liquidity”.

Difficulty Reaching Loyalty Program Levels

Some users express dissatisfaction with the difficulty of reaching higher levels in the loyalty program. One trader mentioned, “Just one thing, reaching a new level is really tough.”

Account Blocking Cases

There are reviews mentioning account blockages, which cause concern among some users. In some cases, this is linked to possible violations of the user agreement. One user reported, “They blocked my account for no reason. I had been trading on this site for quite a while. Lost $1,000 during that time. Then I learned how to trade. I was in the red. As soon as I recouped $700 (with a net loss on the site of $300), they blocked me, claiming I violated clause 2.9 of the user agreement”.

Floating Payout Percentage

Some traders on site pocketoption.com express dissatisfaction with the floating payout percentage, which can change depending on market conditions. One user mentioned this as a drawback: floating percentage.

These drawbacks highlighted by users are important to consider when deciding whether to work with Pocket Option. They underscore the need to carefully study the terms of working with the broker and be aware of the risks associated with binary options trading.

Platform Features

Pocket Option offers several unique features that set it apart from other binary options brokers, according to our readers.

Availability of a Demo Account

Many users highly appreciate the ability to practice on a demo account before starting real trading. One trader noted, “The demo is exactly the same as the live mode, so you can get accurate practice.”

Social Trading and Copying Trades

The platform offers a social trading feature that allows users to follow successful traders and copy their trades. This option is especially valued by beginners who can learn from more experienced traders.

Educational Materials

Pocket Option provides a wide range of educational materials, which many users cite as a significant advantage. One trader emphasized, “PocketOption has the tools and education to be successful; we just need to use them”.

Cashback Feature

The unique cashback feature is highly valued by traders. One user noted, “PocketOption has cashback. It’s a cool option; I haven’t seen this before.”

Trader Tournaments

Regular trader tournaments add an element of competition and the possibility of additional earnings. Users often mention this as an attractive feature of the platform: “Competitions are held every week, and there are deposit promo codes.”

Promo Codes and Bonus System

Pocket Option offers a generous system of bonuses and promo codes, which is highly valued by traders. One user mentioned, “A bonus deposit code is available every week on Telegram.”

Customer Support Reviews

The quality of customer support is an important factor when choosing a broker, and user reviews of Pocket Option are generally positive in this regard.

Response Speed

Many traders note the quick response of the Pocket Option support team. One user emphasized, “Support responds very well.” Another trader also noted the responsiveness of the support team: “They have a friendly support team.”

However, some users point out possible delays in responses: “Support is very helpful, but it takes 2-6 hours to get a response.”

However, some users point out possible delays in responses: “Support is very helpful, but it takes 2-6 hours to get a response.”

Service Quality

Users highly appreciate the service quality provided by Pocket Option’s support team. Many note their professionalism and willingness to help. One trader shared their positive experience: “I haven’t had a single problem that support couldn’t quickly solve.” Another user highlighted the constant availability of support: “Support is available 24/7, and there is also a chat room.”

Some traders especially value the personalized approach: “I liked the personalized approach to traders at PocketOption.”

However, it should be noted that there are also critical reviews. For example, one user mentioned: “Sometimes the managers are silent.” Overall, most reviews about Pocket Option’s customer support are positive. Users appreciate the quick response, professionalism, and willingness to help. But as with any service, there are opportunities for improvement, especially regarding consistency in service quality and response times.

Reliability and Regulation

The reliability of the broker and the safety of traders’ funds are key factors when choosing a trading platform. User reviews of Pocket Option in this aspect are generally positive, although they contain some caveats.

User Opinions on Fund Safety

Many traders express trust in Pocket Option regarding the safety of their funds. One user noted, “Pays honestly! Glad I took the risk and signed up, earned 36 thousand in September, thank you.” Another trader shared their experience: “I have been using this platform for over a year now, it is very reliable, and I haven’t had any problems so far.”

Experience with Long-Term Use of the Platform

Many users report a positive experience with long-term use of Pocket Option. One trader wrote, “Now I trade at PocketOption at full capacity, not millions, of course, as some on YouTube earn with this company, but it’s livable.” Another user writes, “I’ve been trading with PocketOption for about a year now, I’ve had many withdrawals, and they never blocked me.” Another shared, “I’ve been trading here for over two years, in my opinion, it’s the most reliable, very convenient platform.”

Importance of Following Broker Guidelines

Some users emphasize the importance of following the broker’s rules to ensure smooth operation and avoid account issues. One trader warned: “In the offer, as in point 2.9, there are quite a few restrictions, you may have indeed violated the company’s rules, which caused the termination of your contract.” Overall, most long-term users of Pocket Option express satisfaction with the platform’s reliability and the safety of their funds. However, as with any financial service, it is important to thoroughly study and adhere to the broker’s rules to avoid potential problems.

Trading Tools and Features

Pocket Option offers a wide range of trading tools and features, which many users highlight as one of the platform’s main advantages.

Wide Selection of Assets for Trading

Traders greatly appreciate the variety of available assets on the Pocket Option platform. One user noted: “There is a wide selection of currency pairs for trading, and bars are also available for trading.” Another trader emphasized: “It’s easy to play at Pocket Option. There are many great tricks. Easy to deposit and withdraw money.”

Availability of Various Indicators and Technical Analysis Tools

Users highlight the rich selection of technical analysis tools on the platform. One trader shared: “I didn’t find anything special in Pocket Option’s functionality. All the same graphical indicators – Bollinger Bands.” Another user appreciated the variety of indicators: “Many indicators are not available on other platforms.”

Reviews