Pocket Option Review 2024

Last updated Mar 2, 2024
Логотип Pocket Option
4.2/5
№2 in the brokers' listTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay Zavarov
Author
Andrey Bondarenko - Editor
Andrey Bondarenko
Editor

Choosing a reliable broker in financial markets is one of the most crucial decisions that can significantly impact your trading career. Today, we will take a detailed look at Pocket Option — a platform that draws the attention of many binary options traders.

This article will comprehensively analyze the binary options broker Pocket Option, covering aspects such as the platform's functionality, the trading tools offered, commissions, and reviews from actual users. We aim to determine whether this broker can be trusted and whether collaborating with them is worthwhile.

Pocket Option Broker Overview

Foundation Year2017
Official Websitehttps://pocketoption.com
Regulated in CountriesCosta RicaMore Details
Minimum Deposit
  • 5 USD
Spreadfrom 10 points
Max Leverage1:200
Trading Assets
  • Forex
  • Stocks
  • Indices
  • Cryptocurrency
  • Precious Metals
  • Energy Carriers
  • Agricultural Commodities
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • Quadcode
Email Support
  • support@pocketoption.com
Hotline Phones
Social Media

Pocket Option is a trading platform founded in 2017 by a team of specialists in IT and FinTech. Since its inception, the company has set itself an ambitious mission: to provide an innovative trading experience that is accessible to everyone.

The company is actively developing, improving, and perfecting the trading process. From a modest start in 2017 with a limited customer base, Pocket Option has grown to reach a million-strong audience, spanning over 95 countries and regions. The quality of customer service remains the company's focal point, and many of its innovations are inspired by the feedback and wishes of traders.

Pocket Option Review Summary

We employed a comprehensive approach to evaluate Pocket Option based on our unique methodology for assessing brokers. This approach considers various aspects, such as regulation, trading platforms, analytics, educational materials, and the quality of technical support. Read the review to learn more about how Pocket Option meets these criteria.

Reliability and Regulation

Rating:3/5
Legal EntityRegulator

The company Infinite Trade LLC, which holds the rights to the Pocket Option website, is registered in Costa Rica. The broker is regulated by the Mwali International Services Authority (MISA). This may raise specific questions regarding reliability and regulation, as Costa Rica and Mwali are not widely recognized jurisdictions in financial regulation.

Also, see if Pocket Option is legal in Canada.

Account Opening

Rating:5/5

The account opening process on the Pocket Option platform appears to be very simple, convenient, and fast. With a minimum deposit of $5 and the ability to quickly start trading even on a demo account, the platform makes trading accessible to many investors. Email and identity verification are also described as straightforward and understandable steps.

Registration

The registration process on Pocket Option is easy and fast. On the homepage is a registration form where you only need to enter your email address and create a password. This takes no more than a couple of minutes, after which you can immediately start trading.

Pocket Option Main Page
Pocket Option Main Page

If you want to start trading immediately, there is the "Start in one click" option. This feature redirects you directly to the trading platform, where you can test your skills on a demo account without any prior setup.

This user-friendly and intuitive registration process makes Pocket Option an excellent choice for traders of all experience levels, from beginners to professionals.

Verification

Verification on Pocket Option is mandatory and necessary to ensure the security of your trading experience. Follow these steps carefully to avoid possible delays or problems.

Email Verification

After successful registration on the Pocket Option platform, the first step is to verify your email address. You will receive a confirmation letter that you need to click on. If the letter does not arrive, check the "Spam" folder or use the "Resend" function in the "Personal Information" section of your profile.

Profile in Pocket Option
Profile in Pocket Option

Identity and Address Verification

Next, go to your profile's "Identity Status" and "Address Status" sections. Here, you must upload color scans or photos of documents confirming your identity and residential address. A passport, international passport, or driver's license is acceptable for identity. Utility bills, bank statements, or other official documents issued no earlier than three months ago are required for the address.

Identity verification on Pocket Option
Identity verification on Pocket Option

Bank Card Verification

If you plan to withdraw funds to a bank card, this step will become available after submitting the relevant application. Upload color scans or photos of both sides of the card, following the instructions on the platform to ensure your security.

Trading Profile

Your trading profile on the Pocket Option platform is your dashboard for managing all trading activity. Here, you will find all the necessary statistics: trade history, trade order IDs, and the dates and prices of opening and closing positions. This information will help you better understand your trading habits, like a real trader's diary, and allow you to analyze the effectiveness of different strategies. To access this information, click on your avatar in the top right corner of the interface or go to the "Trading Profile" section.

Trading Profile at Pocket Option
Trading Profile at Pocket Option

Moreover, Pocket Option offers various levels of trading profiles, which depend on the current balance of your account. Upgrading your profile level opens up new opportunities, from high priority in processing withdrawal requests to access to a personal manager and premium gifts. You can find out the current level and compare available levels in the "Finances" -> "Deposit" -> "Compare" section.

Profile Level at Pocket Option
Profile Level at Pocket Option

Minimum Deposit

One of the most attractive aspects of the Pocket Option trading platform is its low entry threshold. With a minimum deposit of just $5, the platform makes trading on financial markets accessible to traders with different capital levels. This feature is handy for beginners who may not be ready to invest large amounts immediately and experienced traders who wish to test new strategies without significant financial risks.

Account Types

Rating:5/5

The Pocket Option platform offers a variety of account types and services that can meet the needs of traders with different levels of experience and preferences. However, it's important to note that Pocket Option does not limit you to choosing between binary options and CFDs (Contract for Difference). Both trading instruments are available on the same platform. Depending on your goals and market conditions, you can choose between different assets and strategies. Such an approach makes Pocket Option a versatile platform for diverse traders, where everyone can find a suitable account type and tools to achieve their financial goals.

Binary Options

Pocket Option provides a broad range of possibilities for trading binary options.

ParameterConditions
Expiration TimeFrom 15 seconds to 4 hours
Minimum Investment$1
Maximum Investment$1,000 (up to $20,000 when leveling up)
Investment Step$1
Available AssetsForex, indices, stocks, commodities, cryptocurrencies
ProfitabilityFrom 25% to 92% (up to 100% when leveling up)

The expiration time of trades can vary from short 15 seconds to lengthy 4 hours. This allows traders to choose strategies that best fit their trading preferences and risk profile.

The profitability of binary options can range from 25% to 92%, depending on the chosen trading asset and expiration time. This provides traders the opportunity for high profitability, mainly when correctly predicting price movements.

There is also the possibility of increasing profitability and the maximum investment to 100% and $20,000, respectively, when you level up your profile. We will discuss this in more detail later in the review.

CFD Trading

CFD
Account CurrencyUSD
Minimum Deposit5 $
Trading PlatformsMetaTrader 4MetaTrader 5Quadcode
Spreadfixedfrom 10 pips
Commission per Trade
Trading AssetsForexStocksIndicesCryptocurrencyPrecious MetalsEnergy CarriersAgricultural Commodities
Opened Positions
Leverage1:1-1:200
Margin Call / Stop Out80% / 100%
Order ExecutionMM
Demo Account
Islamic Account
Register

The broker allows trading Contracts for Difference (CFDs) on MT4 and MT5 platforms. These platforms are among the most popular worldwide for trading Forex, commodities, stocks, indices, and cryptocurrencies. Leverage can reach significant levels—up to 1:500- providing traders with great opportunities to increase profits.

However, it should be noted that the conditions for trading CFDs on Pocket Option may not be as favorable compared to other Forex brokers. The main downside is that the platform only offers a wide fixed spread. For example, for the EUR/USD pair, the spread is 10 pips. This may not be advantageous for traders accustomed to tighter and floating spreads, especially those engaged in scalping or high-frequency trading.

Trading Profiles

The broker offers a unique profile-level system that reflects your loyalty to the platform. Depending on your profile level, you can access various premium services and trading advantages that significantly enhance your trading experience.

LevelMin. BalanceUnlimited Open TradesMax Trade AmountTournament ParticipationChat AccessMarket AccessGiftsSocial TradingGems LotteryExpress OrdersTrading AchievementsForex Trading on MT5Market DiscountExtended Market RangeIncreased PayoutPriority Withdrawal ProcessingSpread CompensationPersonal ManagerAdvanced Indicators Access
WandererNo deposit$1000Free tournaments---------------
Novice$100$1000All types-----------
Beginner$100$1000All types--------
Experienced$1000$1000All typesPremium gifts+2%----
Master$5000$2000All typesPremium gifts+4%-Up to $10--
Professional$15000$3000All typesPremium gifts+6%High priorityUp to $50-
Guru$50000$20000All typesPremium gifts+8%High priorityUp to $100

Demo Account

Pocket Option offers the opportunity to utilize a demo account, a complete replica of a real trading account. This is an excellent tool for beginners who wish to take their first steps in trading, as well as for experienced traders who want to test new strategies without the risk of losing funds.

One of the advantages of the demo account at Pocket Option is its accessibility: it is available both before and at any moment after registration on the platform. This makes it an ideal tool for educational purposes.

Pocket Option Demo Account
Pocket Option Demo Account

The only difference between the demo account and a real one is the inability to withdraw funds, as the account is intended solely for learning and practice. Additionally, the social trading feature, which allows you to copy the trades of other traders, is not available on the demo account.

Social Trading

Social trading on Pocket Option offers a unique opportunity to follow the actions of other traders, study their strategies, and even copy their trades. This feature can benefit both novices beginning their journey in the trading world and experienced traders looking to expand their trading horizons.

How to Start Copying Trades

In the "Top ranked trades" section, you can see a ranking of the most successful trades, updated every minute. This allows you to assess which strategies are currently the most profitable quickly.

Best trades on the Pocket Option platform
Best trades on the Pocket Option platform

To find a specific trader, enter their ID in the search field. The search results will only display traders who have made at least one trade in the last 24 hours.

After selecting a trader to copy, you can set the copying parameters in the "Social Trading" section.

Copying Parameters

  • Copying Ratio: This parameter allows you to set the copied trade amount percentage ratio to the original trade.
  • Stop Balance: Set a balance amount at which trade copying will automatically stop.
  • Minimum and Maximum Copy Amount: These parameters allow you to set the minimum and maximum amounts for copied trades.

Rewards and Bonuses

When other traders start copying your trades, you begin to receive shards, which can later be assembled into gems. These gems can be used to purchase various bonuses and trading advantages in the market.

Achievements of a Trader on Pocket Option
Achievements of a Trader on Pocket Option

Social trading on Pocket Option provides comprehensive tools to enhance your trading experience. It allows beginners to get up to speed on the platform quickly and offers experienced traders the opportunity to test and adapt various trading strategies. The rewards system makes the process even more exciting, adding a gamification element to the severe world of financial trading.

Tournaments

Tournaments on Pocket Option are a unique opportunity for traders to compete against each other in trading the same asset with an equal starting balance. It's a great way to test your skills and strategies in a real competitive environment without risking real account funds.

How to Participate in a Tournament

To learn more about current or upcoming contests, go to the "Tournaments" section and select the tournament you're interested in. A window will open with all the conditions, descriptions, and a tab for registration. Participation in tournaments is available only after account verification.

Pocket Option Tournaments
Pocket Option Tournaments

If your tournament balance falls below 100 units, you can use the rebuy function to restore it to the initial level. This feature is available right from the trading interface.

Please note: Tournaments on pocketoption.com are available only for verified users.

Determining the Winners

Tournament winners are typically determined by the highest profit and receive cash prizes. To claim your prize, go to the tournament history and click on the "Claim Prize" button. Note that you must have made at least one deposit into your account to withdraw your prize.

Pocket Option Tournament Rankings
Pocket Option Tournament Rankings

In the "Statistics" section, you can track your achievements, participation, and ranking position. It's important to note that your place in the ranking is determined by the amount of profit, not the current balance.

Achievement System

The achievement system on Pocket Option is a motivational tool that encourages trader activity on the platform. Achievements can be earned by performing various actions, such as opening trades, participating in tournaments, or being socially active.

How It Works

The achievements menu is located on the left panel of the trading interface. Each achievement grants a certain number of experience points and gems. Experience points help to raise the level of your profile, which in turn provides access to advanced features in the "Market." Gems can be exchanged for various trading advantages.

Achievements on Pocket Option
Achievements on Pocket Option

In the "History" section, you can view all your achievements chronologically. On the "Rating" page, the top traders by number of achievements are displayed. This allows you to compare your progress with other participants and gauge your chances of success.

Top Pocket Option traders by achievements
Top Pocket Option traders by achievements

If you want to participate in the platform's life actively, you can become part of the community of moderators and helpers. This status offers the opportunity to assist other traders in chats, maintain a friendly atmosphere, and respond to user inquiries.

Market and Bonuses on Pocket Option

The "Market" section on the Pocket Option platform allows traders to purchase a variety of bonuses and trading advantages. These tools can significantly improve trading results and increase potential profit. Additionally, users can view the history of their purchases and the current balance of gems, which can be used to obtain additional benefits. A notable feature is the ability to sell already activated trading advantages, adding flexibility in resource management on the platform.

Market on Pocket Option
Market on Pocket Option

Promo Codes

Pocket Option promo codes allow you to activate deposit bonuses, which increase your deposit amount. For instance, a promo code with a 100% bonus will add 100% to your deposit of $100, and a promo code with a 50% bonus will increase your deposit of $50 by half. To purchase a promo code, go to the "Market" section, select the desired bonus, and confirm the purchase.

Pocket Option Promo codes
Pocket Option Promo codes

Before activating a promo code, it's recommended to familiarize yourself with its terms in the "Participation Terms" section, available when selecting the promo code. After purchasing and activating a promo code, the bonus is automatically credited to your next account deposit. The progress of the bonus can be tracked in the "Finances" - "Promo Codes" section, where all active and inactive promo codes are also listed. This feature makes managing your finances on the platform more transparent and convenient.

Bonus to Balance

The balance bonus allows traders to increase their trading capital without wagering. This bonus can be purchased with gems accumulated through trading and completing various tasks on the platform. A vital advantage of this bonus is that it doesn't need to be wagered. Funds received as a bonus are credited to your trading account and can be used for trading or withdrawal immediately after activation.

Pocket Option Bonus to balance
Pocket Option Bonus to balance

This is a convenient and quick way to increase your trading balance, making trading on Pocket Option even more attractive.

Risk-Free

The "Risk-Free" bonus is an excellent tool for minimizing risks. This bonus allows traders to cancel a losing trade and return the invested funds to their balance. To purchase a risk-free trade, go to the "Market" section, select the bonus for the desired amount, and confirm the purchase.

Pocket Option Risk-free
Pocket Option Risk-free

If the trade is lost, you can easily cancel it by going to the "Trading History" section and clicking the "Cancel" button next to the unsuccessful order. It's important to note that the bonus applies to only one trade. This feature adds extra protection to your capital and makes trading on Pocket Option even more convenient and safe.

Cashback

The "Cashback" bonus minimizes losses by returning up to 10% of losses to the trading account. This bonus is activated if the total loss amount for the previous month or since the cashback activation exceeds the profit. Cashback is automatically credited to your balance on the first day of each month.

Pocket Option Cashback
Pocket Option Cashback

The validity period of the cashback is one year from its activation. If you want to extend this period, purchase cashback with the same payout percentage. There is also an option to increase the cashback rate to 10% by purchasing the corresponding cashback in the "Market" section.

Boosters

Boosters are a handy tool for active traders who want to accelerate their progress and gain additional advantages. These bonuses temporarily increase the experience points you receive for placing trading orders. The duration of a booster is limited, so it's best to activate it during periods of high trading activity.

Pocket Option Boosters
Pocket Option Boosters

The higher your account level, the more trading advantages become available in the Market.

Prolongators

Prolongators are another unique trading advantage offered by Pocket Option, designed to optimize your trading experience. These tools work in synergy with boosters, extending their duration and increasing your opportunity to earn more experience points while trading.

Pocket Option Prolongators
Pocket Option Prolongators

Using prolongators in conjunction with boosters allows you to maximize the efficiency of your time on the platform, accelerating the experience accumulation process and, consequently, leveling up your account. This opens up new horizons in trading, making more advanced trading advantages available.

Gems

Gems are a valuable currency within the Pocket Option company, allowing traders to exchange them for various trading advantages in the Market. These gems can be earned through the achievement system, where each completed task or achievement is rewarded with a certain number.

Gem from Pocket Option
Gem from Pocket Option

Additionally, Pocket Option offers a unique way of "mining" gems through social trading. Traders need to activate a "Mining License" and start copying the trades of other successful traders. For every successfully copied trade, you receive a gem shard. Accumulating 1000 such shards allows you to combine them into one complete gem. An interesting aspect is that the color of the shard depends on the type of your mining license, adding a strategic element to accumulating gems.

Pocket Option Gems mining licenses
Pocket Option Gems mining licenses

Thus, gems stimulate active trading and task completion in the PocketOption terminal and offer additional opportunities for enhancing your trading experience.

Chests

Pocket Option offers a unique "Chests" feature, which becomes available when you fund your trading account. This feature works like loot boxes: the more significant your deposit amount, the more extensive and valuable the trading advantages you will find inside the chest. After depositing a certain amount, a chest with random trading advantages automatically goes to your account. This can include various bonuses, promo codes, and even gems, which can be used to purchase additional advantages in the Market.

Pocket Option chests
Pocket Option chests

This feature adds an element of surprise and excitement to the trading process, making each account funding not just a necessary procedure but also an opportunity to receive something exclusive. Chests encourage traders to be more active and attentive to their trading balance, providing extra incentives for account funding.

Commissions

Rating:4/5

One of the critical factors traders consider when choosing a broker is the commission fees. In this section, we'll look at the commissions charged by Pocket Option and how they compare with other brokers in the market.

Trading Fees

Pocket Option offers comfortable conditions for traders by not charging any commission for trading binary options. This makes the platform attractive for beginners and experienced traders who want to maximize their profits by minimizing costs.

Spreads and Swaps

However, if you are involved in CFD trading, paying attention to the spreads is essential. On Pocket Option, spreads are fixed and can be pretty high compared to other CFD brokers. This can reduce your profitability, especially if you trade in large volumes.

As for swaps, they are pretty low and should not be a problem for long-term investors. Nevertheless, it's recommended always to be aware of the current swaps, especially if you plan to keep positions open for an extended period.

Below is a table of spreads and swaps for major currency pairs on a CFD trading account at Pocket Option.

AssetAverage spreadSwap longSwap short
AUDUSD10.0 pips-3.02 pips1.42 pips
EURUSD10.0 pips-5.90 pips4.29 pips
GBPUSD10.0 pips-2.65 pips0.86 pips
NZDUSD10.0 pips-1.68 pips-0.84 pips
USDCAD10.0 pips-0.58 pips-2.54 pips
USDCHF10.0 pips10.37 pips-12.68 pips
USDJPY10.0 pips11.26 pips-24.75 pips

Other Fees

Pocket Option stands out from many other brokers by not charging fees for depositing or withdrawing funds from a trading account. Furthermore, there is no inactivity fee, a common practice among other brokers, and can lead to unexpected costs for traders.

Deposit and Withdrawal

Rating:4.5/5

The wide range of deposit and withdrawal methods makes the broker Pocket Option convenient for traders from different regions. The absence of fees for depositing and withdrawing funds is a significant advantage, though it's important to consider possible charges from payment systems. Withdrawal requests are usually processed quickly, but in some cases, it can take up to 14 business days, slightly lowering the overall rating.

Deposit Methods

Payment SystemCurrenciesDeposit FeeOperation Limit
Perfect MoneyPerfect Money
USD
0.5%
from 5 USD
AdvCashAdvCash
USD
0%
from 5 USD
YooMoneyYooMoney
RUB
0%
from 7 to 510 USD
WebMoneyWebMoney
USD
0%
from 5 to 3061 USD
QiwiQiwi
RUB
0%
from 5 to 800 USD
SkrillSkrill
USD
0%
from 22 to 10465 USD
PayeerPayeer
USD
0%
from 5 USD
JetonJeton
USD
0%
from 5 USD
PayRedeemPayRedeem
USD
0%
from 5 USD
NetellerNeteller
USD
0%
from 22 to 10465 USD
Binance PayBinance Pay
USD
0%
from 5 USD
SwiftSwift
USD
0%
SEPASEPA
EUR
0%
VisaVisa
USDUAH
0%
from 16 to 270 USD
MastercardMastercard
USDUAH
0%
from 16 to 270 USD
MastercardMastercard
USD
0%
from 16 to 270 USD
МирМир
RUB
0%
CryptocurrencyBlockchainDeposit FeeOperation Limit
Логотип BitcoinBTC (Bitcoin)BTC
0%
from 50 USD
Логотип TetherUSDT (Tether)ERC20
0%
from 10 USD
Логотип TetherUSDT (Tether)TRC20
0%
from 10 USD
Логотип TetherUSDT (Tether)BEP20
0%
from 10 USD
Логотип TetherUSDT (Tether)Polygon
0%
from 10 USD
Логотип LitecoinLTC (Litecoin)LTC
0%
from 50 USD
Логотип EthereumETH (Ethereum)ERC20
0%
from 20 USD
Логотип USD CoinUSDC (USD Coin)ERC20
0%
from 5 USD
Логотип USD CoinUSDC (USD Coin)TRC20
0%
from 5 USD
Логотип USD CoinUSDC (USD Coin)BEP20
0%
from 5 USD
Логотип Stellar LumensXLM (Stellar Lumens)XLM
0%
from 10 USD
Логотип TRONTRX (TRON)TRC20
0%
from 25 USD
Логотип RippleXRP (Ripple)XRP
0%
from 30 USD
Логотип Ethereum ClassicETC (Ethereum Classic)ETC
0%
from 10 USD
Логотип DogecoinDOGE (Dogecoin)DOGE
0%
from 50 USD
Логотип Shiba InuSHIB (Shiba Inu)ERC20
0%
from 40 USD
Логотип CardanoADA (Cardano)ADA
0%
from 50 USD
Логотип PolygonMATIC (Polygon)Polygon
0%
from 50 USD
Логотип Binance CoinBNB (Binance Coin)BEP20
0%
from 100 USD
Логотип CronosCRO (Cronos)ERC20
0%
from 50 USD
Логотип Avalanche AVAX (Avalanche )Avalanche
0%
from 50 USD
Логотип AlgorandALGO (Algorand)Algorand
0%
from 50 USD
Логотип ZcashZEC (Zcash)ZEC
0%
from 110 USD

Pocket Option offers a variety of methods for account funding, including cards, bank transfers, electronic wallets, and cryptocurrencies. The availability of specific methods depends on the client's region of residence and the current platform settings.

How to deposit to Pocket Option account
How to deposit to Pocket Option account

To deposit funds, go to the "Finance" section on the left menu panel and select "Deposit". There is no commission for depositing, but additional charges from payment systems may apply. You can also activate deposit bonuses by entering a promo code in the designated field when depositing.

Withdrawal Methods

Funds can also be withdrawn using various methods: cards, bank transfers, electronic wallets, and cryptocurrencies.

To withdraw money from Pocket Option, go to the "Finance" section and select the "Withdraw" tab. Please note that fund withdrawal is only available after account verification.

As with deposits, there is no commission for withdrawing money, but additional fees from financial intermediaries may exist. The processing time for withdrawal requests varies from 1 to 3 business days, although sometimes it may take up to 14 business days.

You can only withdraw funds using the methods you have previously used for deposits. The broker's support service will assist you if you have problems accessing a previously used method.

Markets and Products

Rating:4/5

The broker offers a diverse range of assets for investing through binary options and CFDs. This makes the platform quite versatile for most traders. However, it's worth noting that soft commodities are absent from the assortment, which could be a downside for those looking for a broader spectrum of investment opportunities.

What Markets Are Available?

Asset TypeBinary OptionsCFD
Currency Pairs2258
Energy CarriersBrent, WTI, GasBrent, Gas
MetalsGold, Silver, Platinum, PalladiumGold, Silver, Platinum, Palladium
Indices11-
Cryptocurrencies965
Stocks17130

This diverse selection of assets makes the platform attractive to traders with different interests and strategies.

Trading Platforms

Rating:4.5/5

The proprietary platform of Pocket Option and the web versions of MetaTrader 4 and 5 offer a broad spectrum of functionalities, from essential to advanced, making them suitable for traders of all levels. The intuitive interface and various technical analysis tools on the Pocket Option platform are particularly noteworthy. However, the absence of desktop and mobile versions of these platforms (with only an Android version available for the Pocket Option platform) may be a limiting factor for some users who prefer trading on various devices.

Pocket Option Platform

The Pocket Option platform stands out with its user-friendly interface, designed for optimal user convenience. It boasts many features, including theme switching and a multi-chart mode.

Multi chart mode on the Pocket Option platform
Multi chart mode on the Pocket Option platform

For technical analysis, various chart types are available (bars, Japanese candles, line, and Heikin Ashi), along with 31 indicators and 9 drawing tools (support and resistance levels, trend lines, Fibonacci levels, etc.).

Technical analysis on the Pocket Option platform
Technical analysis on the Pocket Option platform

Additional features like "Market Sentiment," sound notifications, and pending orders make the trading process even more flexible. It's important to note that only the platform's web version is available.

Pending trades on the Pocket Option platform
Pending trades on the Pocket Option platform

MetaTrader 5

MetaTrader 5 on Pocket Option is only available as a web version. This platform is one of the most popular among traders and offers a wide array of tools for technical analysis, including indicators and graphic objects.

Pocket Option MetaTrader 5
Pocket Option MetaTrader 5

It also supports trading across multiple markets, including CFDs, stocks, and cryptocurrencies. MT5 offers automated trading capabilities and the option to copy trades from other traders, making it a versatile tool for various strategies.

MetaTrader 4

MetaTrader 4, also available in a web version on Pocket Option, sets the industry standard for Forex market trading. The platform provides an extensive set of indicators, technical analysis tools, and the ability to automate trading using expert advisors.

Pocket Option MetaTrader 4
Pocket Option MetaTrader 4

MT4 is well-known for its stability and reliability and supports multiple time frames for analysis. It is ideal for traders who prefer to trade currency pairs and are looking for a straightforward yet powerful trading platform.

Analytics

Rating:5/5

Broker Pocket Option offers an array of analytical tools, including a mobile application with daily analytical reviews, trading signals, and a variety of bots for automated trading. These tools cover different aspects of trading and provide traders with everything they need for practical market analysis.

Pocket Option Analytics App

The "Pocket Option Analytics" mobile app is available on the Android platform for traders wanting to stay updated with the latest analytical data.

Pocket Option Analytics
Pocket Option Analytics

The app provides daily reviews, including technical, fundamental, and wave analysis, forecasts, news reviews, and macroeconomic indicators, featuring an economic calendar, interest rates, a currency converter, and a holiday calendar. It's as if you always have a team of professional analysts at your fingertips.

Trading Signals

Additionally, the "Trading Signals" service is available around the clock, offering recommendations for opening positions with precise entry and exit parameters. The signals are based on various indicators and are intended to be used as an additional tool for technical analysis.

Pocket Option signals
Pocket Option signals

Bots

Furthermore, the broker offers the use of some bots available in the "Market" section of the personal cabinet:

  1. Pocket Option Telegram Bot (official). This bot in Telegram provides quality signals and the ability to place orders automatically from the messenger.
  2. PocketOptionRobot (unofficial). Available as a Google Chrome extension. This bot allows you to automatically open trades or receive signals based on the platform's indicators.

All these tools are designed to simplify the trading process and make it more efficient.

Pocket Option Bots
Pocket Option Bots

Education

Rating:4.5/5

The educational materials on pocketoption.com include an in-depth platform guide, a library of trading strategies, a Forex tutorial and glossary, video lessons, and tips for traders. These resources cover various topics and provide comprehensive training for traders at all levels.

The quality of the materials is high, with detailed step-by-step instructions and examples. The video tutorials, in particular, make the learning process more interactive and digestible. However, the absence of webinars and podcasts slightly lowers the overall score.

Platform Guide

A detailed guide to the platform is available on the official website, pocketoption.com. The guide contains step-by-step instructions and tips for using all sections and features of the platform, making the learning process smooth and efficient.

Pocket Option user guide
Pocket Option user guide

Trading Strategies

The broker offers its clients a library of trading strategies, which includes various methods and approaches to technical analysis. From "Breakout Level" to "Alligator," these strategies aim to improve overall trading results.

Pocket Option Trading Strategies
Pocket Option Trading Strategies

Forex Tutorial and Glossary

PocketOption provides a comprehensive tutorial and glossary for those interested in Forex trading. These materials will help you understand the basics of Forex trading, technical and fundamental analysis, and risk management.

Pocket Option Forex Tutorial
Pocket Option Forex Tutorial

Video Lessons

The video lessons section features various instructional and promotional clips. These videos provide valuable information in an accessible and easy-to-digest format.

Pocket Option video lessons
Pocket Option video lessons

Tips and Tricks

This section contains various tips and tricks for daily work with the platform. From the simple question of "how to trade binary options" to complex strategies and settings, these tips will make your experience with the platform more enjoyable and comfortable.

Pocket Option Tips and Tricks
Pocket Option Tips and Tricks

Customer Support

Rating:4/5

Pocket Option provides a variety of communication channels, including live chat, phone, and a ticketing system, making reaching out convenient for clients. Customer feedback is mostly positive, though there are negative points, such as issues with verification during fund withdrawal and delays in response. Overall, the support is rated as responsive and professional.

Contact Options

Pocket Option offers several channels for contacting technical support. Clients can use the live chat support, available to users with a "Novice" profile level or higher. Additionally, there is the option to open a ticket in the personal cabinet. Support is available for those who prefer telephone contact at +44 20 8123 4499 from 10:00 to 02:00 UTC+2. There are also general chats in English and Russian.

Support Feedback

Trader reviews about Pocket Option's technical support are primarily favorable. Users note the fast and quality service, the team's readiness to resolve issues, and a wide selection of withdrawal options. However, there are negative reviews concerning the need for account re-verification when withdrawing funds and the lack of responses in live chat. Overall, the support is evaluated as responsive and effective.

Pocket Option Pros and Cons

Advantages of Pocket Option

  1. Variety of Accounts and Services: The broker provides a broad spectrum of accounts, allowing traders to choose the most suitable one for their needs.
  2. Wide Selection of Deposit and Withdrawal Methods: The options for funding and withdrawing funds are diverse, from credit cards to electronic wallets.
  3. Diverse Asset Classes for Trading: The range of assets available for trading, from stocks and currencies to cryptocurrencies, is impressive.
  4. Trading Platforms: The availability of various platforms, including MT4 and MT5, makes trading convenient.
  5. Analytics and Education: The broker offers high-quality analytical materials and educational resources.

Disadvantages of Pocket Option

  • Weak Regulation: The lack of stringent regulation may pose certain risks for traders.
  • High Spreads for CFD Trading: This can reduce the profitability of trading.
  • Protracted Withdrawal Time: Sometimes, the process can take up to 14 days, which is a significant disadvantage.
  • Average Range of CFDs: Compared to competitors, the selection of CFDs is not as extensive.
  • Lack of iOS and Desktop Applications: This limits the possibilities for trading on different devices.

Conclusion

Pocket Option is a binary options and CFD broker that could be suitable for a wide range of traders, from beginners to experienced professionals. For newcomers, the extensive educational materials and analytics will be helpful, while seasoned traders will appreciate the variety of trading platforms and assets. However, caution is advised due to the weak regulation and high spreads on CFDs. If you are willing to accept certain risks and limitations, Pocket Option might be a good choice.

Visit Pocket OptionTrading CFDs carries high risks. You may lose all invested funds
Nikolay Zavarov - Author
Nikolay ZavarovAuthor

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.

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