Pocket Option is this a scam? Review and Customers Reviews

Pocket Option is one of the best binary options brokers according to reputable websites and professional traders. It belongs to Infinite Trade LLC, an organization registered in the offshore jurisdiction of the Republic of Costa Rica. The website, pocketoption.com, is visited by thousands of users worldwide daily, and the platform supports different languages. Founded by IT and FinTech specialists, Pocket Option is focused on the needs of the mass market and offers simple and clear conditions for binary options trading.

We offer you our detailed and complete review of the broker, from which you will learn about the advantages of the company, bonuses, features of the trading terminal, ways of profit withdrawal, reviews about the broker, and much more. Is Pocket Option a scam or a binary options broker worthy of your attention? Is it worth investing your money in the binary options market with Pocket Option or not? We answer these and other questions in our detailed review.

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Pocket Option Trading Platform

Pocket Option has an online platform of its development for binary options trading, providing access to various financial markets. The platform was created in 2017, and in a short time, it managed to gain popularity among traders from all over the world.

One of the advantages of Pocket Option is its user-friendly and intuitive interface, which is much clearer for beginners than, for example, TradingView. Regardless of your trading experience, you will be able to get used to the platform quickly and start trading. It offers more than 100 assets, including all popular and exotic currency pairs, stocks, indices, commodities, and cryptocurrencies for weekend trading.

The ability to trade binary options is one of the main features of Pocket Option. Binary options are a financial tool that allows traders to make predictions about the movement of the price of an asset for a certain period of time. With Pocket Option, you can select an asset, set the amount of investment, and choose the direction of the price movement – up or down. If your forecast turns out to be correct, you gain profit, and if not, you lose the invested funds.

Social trading on Pocket Option provides a unique opportunity to copy trades of experienced traders in an automated way, which can bring you a stable passive income. Simply go to the “Trading” section, select “Social Trading” in the right menu, and decide whose trades you would like to copy. You can easily manage the copying parameters, unsubscribe at any time, and monitor the results.

The benefits of social commerce:

• A true passive income that works 24/7, allowing you the freedom to manage your time.
• There is no need to learn trading skills or strategies – just choose a successful trader.
• Personalize your copy settings to suit your investment goals.
• Select the number of traders to copy and monitor their performance.
• Interact with the community through public or private chats on the platform.

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Pocket Option also offers promotions and bonuses for its traders. For example, the platform regularly holds tournaments where you can win additional money or prizes. Such promotions help to increase the interest and motivation of traders. It is important to note that trading binary options and forex involves the risk of losing money. Before you start trading on Pocket Option, it is important to familiarize yourself with the rules and conditions of the platform, as well as consider your financial capabilities and goals.

The Pocket Option platform also has trading signals that attract traders’ attention. The broker immediately provides hints, which is especially useful for beginners, as some signals require instructions. Each signal is calculated by its mathematical formulas, sometimes based on elementary calculations, and sometimes based on statistical equations. For example, signals for determining the entry points and direction of a trade use formulas based on the use of oscillators. In simple words, the position of points, for example, Bollinger lines and the chart is determined.

The signal analyzer compares the situation with the strategy, determines the possibility of a rebound or reversal, and gives ready-made advice like “put it this way and that way”. Pocket Option signals have the same basis as binary options trading robots. Only the robot makes decisions for you, and the signal only suggests the direction of action. You can find a link to the Telegram bot and signals in the “Trading” section by selecting “Signals” in the right sidebar menu. The passability of signals is not 100%, but they can significantly facilitate the trading process and increase the chances of successful trades on the broker’s website.

Overall, Pocket Option is a popular platform for binary options and forex trading. Its simple interface, wide selection of assets, and availability of a demo account make it an attractive choice for traders of different experience levels. However, as with any form of investing, it is important to be cautious and understand the risks involved with trading in the financial markets.

 

Terms of Trading with Pocket Option

The Pocket Option broker has a stock of assets, the list of which includes both the most popular and exotic currency pairs, indices, commodities (gold, oil), cryptocurrencies, and a significant number of U.S. and European companies’ stocks.

 

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Also to help its customers, the company offers additional services of pocketoption.com, such as free signals. The site’s interface and the online platform provided by Pocket Option allow you to find the information you need. Well-designed website interface and online platform provided by Pocket Option allow you to find all the necessary information. The user-friendly web platform will allow you to make trades without the need to study its functionality beforehand.

The minimum transaction size is $1.

Forex pairs include EUR/USD, CAD/JPY, AUD/NZD, AUD/USD, USD/CAD, NZD/JPY, CAD/CHF, EUR/CHF, CHF/JPY, and many others.

Commodities and metals: Gold, Brent oil, WTI oil, silver, gold, natural gas, platinum, palladium.

Stocks: Apple, Citigroup, Tesla, Intel, McDonald’s, American Express, Johnson & Johnson, Visa, FedEx, Cisco, Exxon, Alibaba, Amazon, Microsoft, Meta, Pfizer, Netflix.

Cryptocurrencies: Efirium, Dash, Bitcoin, BCH/EUR, BCH/GBP, BCH/JPY, BTC/GBP, BTC/JPY, Chainlink.

Indexes: DJI30, SP500, E50EUR, D30EUR, JPN225, F40EUR, 100GBP, E35EUR.

For its users, the company gives a demo account, which will allow customers to try their hand without investing money, trading tips, and training courses on the platform (binary options trading training). In addition, the Pocket Option platform has internal currency mining – crystals. To mine, you need to purchase a license, after which you can receive valuable crystals, which can be used to buy privileges in the Market.

 

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Platform Pocketoption.com

The trading platform offered by Pocket Option is one of the most convenient among binary options brokers. It’s a proprietary product developed and implemented on the company’s platform. Its convenience lies in the ability to use the terminal in a web browser from any computer without installing additional software, as well as in the number of tools and the comfort of working with them. In total, there are more than 30 popular indicators, which will facilitate technical analysis of the chart.

 

One of the most important advantages of the platform is the availability of a significant number of indicators for binary options among which are oscillators. The tools open in a separate window under the main chart. The set of tools allows user to make transactions more confident, filtering out true signals from the market noise inherent in the market.

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Also, the Pocket Option terminal has a standard package of tools for graphical analysis: from simple horizontal lines before superimposing on the graph Fibonacci levels. However, the client will need a stable Internet connection for work. At the same time, the company offers binary options with different terms on its platform expirations. This opportunity can be used not only for short-term hedging of risks when buying an instrument on the market but also for long-term investments. Such an opportunity can be used not only for short-term hedging of risks when buying this or that instrument on the market, but also for long-term investments.

When discussing hedging, it’s important to note that such a strategy is standard practice for large fund managers. They mitigate risk when acquiring an asset by simultaneously purchasing an option that moves in the opposite direction. Typically, large corporations utilize real market option contracts for these strategies. However, the 4-hour time period offered at Pocket Option allows any trader to try and test professional money management techniques. In addition, when using the MetaTrader 5 web terminal, the expiry time can be up to several days.

Advantages of Pocket Option terminal:

• Reliability, stability, security.
• Availability of a demo account on the pocketoption.com website.
• Intuitive platform interface.
• Ability to add indicators to the chart for market analysis.
• Large selection of different assets (currency pairs, indices, stocks, cryptocurrencies).
• Selection of expiry (from 5 sec. to 4 hours).
• Availability of signals, and analytical training materials.

A set of hotkeys can be used to enable one-click transactions.

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Broker Quotes

Pocket Option does not disclose its quotation provider in any way on its website. The company notifies the client in advance that in case the client starts to work in the terminal, having accepted the Terms and Conditions offered by it, any comparison with other quotations (possibly, charts with exchanges) is not accepted. Broker data, is accepted as correct and non-negotiable.

Types of Accounts

In addition to the demo account, the pocketoption.com website offers 7 trading accounts “Wanderer”, “Beginner”, “Beginner”, “Experienced”, “Master”, “Professional” and “Guru”. The difference between the accounts is the minimum balance from 0 to $50,000 and the available set of services and features:

• Participation in tournaments.
• Chat Access.
• Market Access.
• Gifts.
• Social commerce.
• Crystal Lottery.
• Express Order.
• Trade Achievements.
• MT5 forex trading.
• Personalized discount in the Marketplace.
• Expanded assortment in the Marketplace.
• Increased payout (if any).
• Prioritized withdrawal processing.
• Reimbursement of 1 point difference.
• Personal Manager.
• Enhanced access to indicators.

 

Pocket Option Demo Account

On the platform, you can use a demo account to trade options. To use a demo account, the client needs to go to the demo mode on the website pocketoption.com without filling out a registration form or entering contact information.

However, the demo mode of the Pocket Option platform is intended only for familiarization with the program interface. To help the trader, a platform guide is connected for convenience, which shows the client its main features in a few steps. It should be remembered that the client will not be able to fully evaluate the results of his analytical skills in the demo, as the flow of quotes in this mode is emulated randomly. For example, by turning on the Pocket Option demo at the weekend, you can see changing charts of instruments that are not traded on the exchange at the current moment due to its closure.

Thus, it is impossible to check how such a chart moves and how trades executed in the demo mode are worked out. After all, if the program in the demo mode is programmed for mandatory chart movements in the direction of completed transactions, it can greatly change the client’s subjective assessment of his skills, which will subsequently lead to a loss of money when switching from a demo to a real account.

However, all professional traders advise beginners not to forget about the demo account, because its usefulness is invaluable. You will not only learn the Pocket Option terminal features in a quiet mode, but you will also be able to make your first trading bets, test trading strategies and new tools, such as indicators and oscillators, create your own strategy, and prepare for trading on a real account, feel confident and achieve better results in binary options trading. Even if the virtual money in the demo account runs out, you can always add any amount and continue to practice in different binary options trading modes.

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Bonus 50% when depositing from $100 – code WELCOME50 (Use)

 

Pocket Option App

Pocket Option app for mobile devices is a modern solution for traders who would like to get more comfort and mobility in their binary options trading. Thanks to the convenient application on your smartphone it is easy to be with your broker at any convenient time and in any place – out of town, visiting, or traveling.

Following the trends accepted in the industry, the company provides the opportunity to trade through mobile applications. From the company’s website, you can go to the Google Play and App Store marketplaces, where you can download apps for iOS and Android. The Pocket Option app has just the same functionality and features as the PC version, so you’ll get all the tools you’re used to and, of course, unrivaled trading with the broker.

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Bonus 50% when depositing from $100 – code WELCOME50 (Use)

 

Pocket Option Bonuses

The company’s clients can double their deposit when making a first deposit using the bonus funds provided by Pocket Option. This bonus is available only to customers who make a deposit here for the first time (the best binary brokers bonuses).

50% When You Sign up and Fund Your Account

Promo code WELCOME50. Gives a 50% deposit bonus to your account balance when you sign up and deposit $100 or more. The maximum bonus available with this promo code is $5,000. The bonus becomes available for withdrawal if the amount of transactions exceeds $2,500.

You can also use the promo code 50START. To receive a 50% bonus on deposits of $50 or more.

Personal Vault in Pocket Option With a Yield of up to 20%

On the Pocket Option broker platform, you will be able to open your vault with returns of up to 20%! You will be able to profit from your financial assets, which are not currently used in trading, in a passive source of income on the site Pocket Option.

Pocket Option safes are available in three currencies:

• USD;
• BTC;
• ETH.

The profitability of the safe directly depends on:

• Your trade. Reach the required trade turnover, thanks to this your safe bet will automatically increase.
• The size of the deposit. Increase the balance of the safe to the required value and get an increased rate.
• Activated Boosters. Buy a booster at an increased rate and earn income at an improved rate.

Advantages of personal safes at Pocket Option:

• Deposits and withdrawals at any time.
• Instant transfers between trading accounts.
• Many ways to deposit and withdraw funds.
• There are no fees for payments or maintenance of the safe deposit box.
• Payment of returns every month.
• The dynamic rate of return of the safe.

Tournaments

Pocket Option offers traders a free opportunity to participate in various tournaments that allow them to win additional prizes and winnings. Tournaments are an interesting and exciting way to compete with other traders on the platform. The main idea behind Pocket Option tournaments is to make the biggest profit within a certain period using the virtual funds provided by the platform. The tournaments allow you to showcase your trading skills and potentially earn cash prizes. These features may be of interest to traders who prefer to “gamify” their trading experience.

Tournaments have Pocket Option there are different formats and rules, and their organization may change over time. However, here are a few common features of platform tournaments:

• Duration: tournaments on Pocket Option can have different durations, from a few hours to a few days or weeks. This gives traders the opportunity to choose a tournament that suits their preferences and trading style.
• Prizes: winners of Pocket Option tournaments receive various prizes and awards. It can be either a cash prize or other valuable prizes such as gadgets, cars, or travel. Prizes and payment conditions are specified in the rules of each particular tournament.
• Ranking and prizes: Pocket Option tournaments usually have a rating system that determines the places of participants depending on their profits or other criteria. Usually, the most successful traders take the top prizes, but some tournaments may also have additional prizes for certain achievements.
• Additional terms and conditions: each tournament may have its own unique rules and conditions, such as minimum volume of trades, time limits, use of specific strategies, etc. It is important to read the tournament rules carefully before starting the tournament.

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Pocket Option Crystals

To confirm the title of the most innovative company, Pocket Option has developed a program for receiving bonuses for showing activity at work. Thus, the client gets the opportunity to earn money when making transactions with options, and as a nice addition becomes the owner of the internal currency of the achievement program. We are talking about Pocket Option crystals, which are available in several different types.

There are several types of crystal rewards, each of which differs in the difficulty of obtaining, and accordingly in the weight compared to the others. At the moment, Pocket Option offers the following types:

• Red. The difficulty is easy, the cost is 2$, can be freely purchased and sold in the Marketplace, giving advantages to the deposit.
• Blue. Has medium difficulty and a higher price of 8$. Can be both sold and bought in the internal marketplace.
• Green. Highest difficulty of the money crunch available for purchase (cost on the Marketplace is $30).
• The secret heroic crystal. There is no information about any of the broker’s existing clients getting it. Probably, it was introduced as the highest reward for the most loyal clients. Not available for purchase and has an infinite cost.

A license for crystal mining is purchased in the internal marketplace. You can enter it from the corresponding item in your cabinet.

Gift for Subscription

Leave your email address on the home page pocketoption.com and receive a personal gift from the broker. The luckiest of the lucky ones will get the gift. See if Fortune favors you!

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Affiliate Program

Pocket Option is included in the list of the best binary options brokers. The company offers everyone to cooperate on an affiliate program. By participating in the broker’s affiliate program, you can receive up to 80% of profit. By registering in the referral program, you will get access to the broker’s statistics, promotional materials, and promotions.

The broker offers various cooperation options to choose from so that you can find the best one.

Pocket Option Deposit and Withdrawal

There are many deposit and withdrawal options in the company – from e-wallets to cryptocurrency wallets (Bitcoin, Ripple, etc.). The amount of the minimum deposit depends on the chosen payment method and ranges from $5 to $50, the following systems are provided for depositing funds:

• MasterCard/Visa.
• Perfect Money.
• Payeer.
• Jeton.
• PayRedeem.
• Webmoney.
• Cryptocurrencies.

Funds are mostly deposited automatically and are usually credited instantly. However, in case of system failures and the need to make a manual payment, the project may require the client to provide information about the date and time of the transfer, the name of the payment method, the transaction identification number, and the wallet numbers of the sender and the recipient.

Withdrawal of funds under the terms of the public offer published on pocketoption.com is always done manually and is carried out within 3 working days. However, the company reserves the right to increase this period up to 14 days, notifying the client in advance. When withdrawing funds, the client must use the payment system used by him/her for the deposit, the minimum deposit amount is $5 and the minimum withdrawal amount is $20. Accounts with large balances (Master, Pro, and Guru accounts) have priority processing time.

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Pocket Option Regulator

Pocket Option has a license for brokerage activities, which, of course, makes cooperation with the company more attractive. On pocketoption.com any user can find all the information on the license. The owner of the domain is Infinite Trade LLC with registration in the Republic of Costa Rica, San Jose-San Jose Mata Redonda, Las Vegas area, Blue Building Diagonal To La Salle High School (registration number: 4062001303240). It has regulation: it is the Mwali International Services Authority (license T2023322). This license is easy to check on the regulator’s website at mwaliregistrar.com:

Importantly, the site also has documents, which speak of the company’s openness and adherence to legal norms. All these data can be easily studied by a trader to understand how the broker works and what data it can request from clients:

Check Pocket Option license at mwaliregistrar.com

 

Pocket Option Testimonials

Pocket Option reviews are another important criterion that will help you determine if this broker is your choice. Let’s start with the fact that there are a lot of positive reviews of Pocket Option on the web. This situation is uncommon in the binary options industry (the basics of binary options), as most brokers are either particularly unreliable or stop working just after opening. The pocketoption.com website has its own section with reviews:

Clients who leave positive reviews about Pocket Option tell about the long cooperation with the company, fast withdrawal, quality training, and interesting features of the platform, often praise it, comparing it with other brokers, note bonuses, and various events.

If there are any new reviews about Pocket Option, we will definitely publish the information in social networks. Sign up to stay updated.

Please keep yourself informed about news and complaints. We copy the most valuable information to social networks, so please sign up!

 

Pocket Option User Agreement

“User Agreement” is a document that in most cases helps a potential client to form an informed opinion about the company, and to know clear rules of work with it, which can help him to avoid negative situations in the future. Let’s review the user agreement of the Pocket Option company, which is a public offer agreement and is located on the website pocket.click. Let’s start with the fact that any client of the company should be ready for the fact that the company can request from him a package of documents confirming not only his identity but also his financial activity (paragraph 2.2.3.). At the same time, the company does not provide a list of possible documents in its offer:

Already in the next paragraph 2.3. the company notifies its client that he can have only one trading account, and in the case of an attempt to register a trading account again, it is not only entitled to terminate the contract unilaterally, but also to reset the trading account, regardless of whether there are earned funds or just funds that have never participated in trading operations:

Further, in its public offer agreement, the company discloses the issues directly related to trading. In particular, Clause 2.7. notifies the clients that it carries out quotations using its own sources of quotations and no other sources of quotations can be taken into account in case of disputes. In simple words, the chart in the company may differ from the real exchange prices:

In p. 2.9. the company prohibits the client from resorting to any type of fraud, which, by a strange coincidence, includes hedging of transactions. Having deepened in history of occurrence of option contracts, it is necessary to notice that the main purpose of their occurrence was hedging, that is insurance of risks. But, judging by this point, the company requires customers to use the contracts provided to them for other purposes than those generally accepted:

The next paragraph 2.10. of the contract is quite peculiar. It states that the company reserves the right not only to terminate the contract, but also to nullify the results of trading the client, if it discovers unfair attitude of the client to the company. Unfair attitude not only includes, but is not limited to insulting employees, publication of negative feedback, etc.

Clause 2.11. states that the company may prohibit its clients from using the possibility of copying transactions of other clients within the framework of the services provided if the client will trade small bets:

P.4.2. concerning the provision of quotations discloses the formula used to form the data to be transmitted to the terminal. They are formed at a price that also differs from the brokerage services industry price. This confirms the impossibility of using market analysis methods on the platform, as different quotes with exchange quotations will significantly reduce the probability of implementation of analytical forecasts:

P.4.8. informs the client that the amount of premium in case of a positive outcome of the transaction is not fixed, but determined by the company in percentage, which the client can see immediately before the transaction. That is, perhaps, the premium in certain cases can be much less than originally declared:

Confirms the above paragraph of the following paragraph 4.11.2., which reveals the above assumptions directly. In turn, this situation suggests that all the conditions, which can be interpreted in two ways, will eventually be interpreted in favor of the broker:

P.5.3. informs the client that the deal opened by him at one price can be executed at another, less profitable. But in this case, the reason for this may be the incorrect operation of the software or hardware:

Pocketoption.com Support Service

You can always contact the Pocket Option support team for any questions. Their team is very responsive to clients’ requests. To do this, you can use a special chat room on the platform or a Telegram bot. You can also submit a request via a feedback form.

In addition, many answers can be obtained from thematic guides or videos that explain all the main points of work on the platform.

 

Is Pocket Option a Scam?

By taking a closer look at Pocket Option we noted that the company has been operating for a long time and successfully offering several unique opportunities to earn money on binary options (binary options without risk). An interesting platform for work, an original terminal, a lot of options for comfortable deposit and withdrawal of capital, the possibility of social trading, demo trading, free Pocket Option signals, an informative website, etc. – all this indicates that the project is seriously prepared for work. The broker has many differences from other companies that have been providing their services to clients for much longer.

The platform provides trading training, analytical materials, and a large selection of trading assets, including today’s popular cryptocurrencies. In addition, the Pocket Option terminal is characterized by functionality and is convenient for different categories of traders. For beginners Pocket Option demo is suitable, where you can easily and simply study all the possibilities of the broker, and test the trading terminal. Professional investors can test new trading strategies on the demo version.

There are a lot of positive reviews about the broker in the network, this increases the level of trust of the company. The presence of regulation and license is also an element of trust, allowing you to work here safely. In addition, the company has been constantly developing, actively and successfully working with binary options for more than 6 years, offering its clients quality service and a variety of opportunities for trading. Having studied all the company features, we can state confidently that Pocket Option is not a scammer but a reliable binary options broker offering serious and thoughtful service to its clients.

 

Conclusion

Binary options trading is popular today because of the simple principle of operation available to the non-professional trader. Pocket Option is one of the best brokers on the market that is ready to offer traders several opportunities to earn money on options investments.

Is it worth trusting this project? Does it have any signs of fraud and scam? Having studied the personal account, website, and project materials in detail, we can answer confidently: no, this is a reliable binary options broker that you can trust. Register at pocketoption.com without any doubt. Good luck with trading options on Pocket Option!