THE POCKET OPTION REVIEW 2022: PROS & CONS

Min. deposit
50$
Min. trade price
1$
Website address
pocketoption.com
Demo account
No
Currency
EUR RUB USD
Supported languages
Eng Rus
Active
Yes
* The amount that will be credited to the account in the case of a successful deal
General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 4.4,
according to 2075 reviews

4.5 Stars
Fabien💬
Fabien💬
stars
rw
The broker is cool with innovative features. fast withdrawals and deposits. love it more

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Clash Royale
Clash Royale
stars
fr
Pocket Option the best brocker, is very good! id 34054862

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OlegSenchuk
OlegSenchuk
stars
ua
Good binary broker. Instant opening of transactions without delays

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николай шевелев
николай шевелев
stars
ru
Pocket Option is the best broker in the world. the highest payouts for all instruments, the fastest withdrawal of money, I have been working with this broker for more than a year. I advise everyone to switch to Pocket Option, the most honest broker in the world, my rating is 5 out of 5👍👍👍

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MohmmedSadiku
MohmmedSadiku
stars
ie
Very good broker always quick with their withdrawals and overall very smooth platform nothing bad to say really

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Wolf Sky
Wolf Sky
stars
ca
Perfect broker

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Whenever there’s a new broker on the bloc, my curiosity raises.

I want to review it immediately.

Today, I’m gonna dig deeper into Pocket Option and all its bells and whistles.

So, if you are looking for a review, then today is your lucky day.

Pocket option summary

HOW DOES THE POCKET OPTION STAND OUT?

  • Hotkeys: You can set up the hotkeys to quickly enter or exit the positions. This is a unique feature.
  • Express trades: Another unique feature that allows you to choose three assets and quickly enter the market. The list of assets shows the percentage of the reward for each asset.
  • Built-in signals: The built-in signals allow you to instantly copy the trades.
  • Pending trades: Like forex, you can place the pending orders on the platform.
  • Tournaments and achievements: The tournaments allow you to enter the competition and test your skills. If you win, you will appear in the achievement tab.
  • Trading advantages: You can buy gems to use them for certain trading advantages.
  • Support chat: Unlike other platforms, the support chat comes alongside the trading portal. It is easy to connect and ask for a resolution of your problem.

INTRODUCTION: WHAT IS THE POCKET OPTION?

Firstly, let’s talk a bit about the broker.

I saw many reviews online, and they give an idea on the subject.

Here I will tell you why this broker is becoming insanely popular among traders.

So, let’s dive in!

We all know the market is growing, competition is increasing.

So are the options knocking at everyone’s doorsteps?

And where to invest?

The Poket Option can be your number one smash.

As a novice, the deposit is your biggest concern, right?

Well, on this platform, you can kick start with as low as $50.

The minimum amount for withdrawal is also $10.

Interface

interface

Wherever you live, you can use the software worldwide.

Isn’t it cool?

What next?

Continue practicing on the demo account you just made.

It’ll help you in mastering strategies.

It sounds like we are going downhill.

So, can we make money with the broker?

Definitely yes.

But bear in mind.

It’s not fast.

You must not ignore your cognitive abilities.

Think, devise your plan, and comprehend the complexities of the market.

The exclusive trade method offered by the broker is high/low.

It adds to the glory by simplifying the process.

You have more than 100 assets to choose from when using the broker.

Stocks, cryptocurrencies, forex, or whatnot are all available on the PO.

Here’s a list of assets available on the platform:

Forex pairs 
1. EUR/USD8. EUR/GBP15. GBP/CAD22. AUD/CHF
2. GBP/USD9. EUR/CHF16. GBP/JPY23. USD/RUB (OTC)
3. USD/JPY10. EUR/CAD17. GBP/AUD24. CAD/JPY
4. USD/CHF11. EUR/JPY18. GBP/CHF25. CAD/CHF
5. AUD/USD12. EUR/AUD19. AUD/CAD26. NZD/CAD
6. NZD/USD13. EUR/NZD20. AUD/NZD27. NZD/JPY
7. USD/CAD14. EUR/RUB (OTC)21. AUD/JPY28. NZD/CHF
Commodities
  1. Gold (OTC)
  2. Silver (OTC)
  3. Platinum spot (OTC)
  4. Palladium spot (OTC)
  5. Brent Oil (OTC)
  6. WTI Crude Oil (OTC)
  7. Natural Gas (OTC)
Stocks 
1. Amazon (OTC)11. FedEx (OTC)
2. Apple12. VISA (OTC)
3. Tesla13. Citgroup Inc.
4. Facebook Inc.14. Alibaba
5. Microsoft15. Pfizer Inc.
6. Netflix16. McDonald’s
7. American Express17. Johnson & Johnson
8. Twitter18. JP. Morgan
9. ExxonMobil19. Chase and Co.
10. Boeing Company20. Cisco Intel
Indices
  1. SP500
  2. DJI30
  3. E50/EUR
  4. D30/EUR
  5. JPN 225
  6. F40/EUR
  7. 100GBP
  8. E35/EUR
  9. AUD200
  10. US100

Notice I have mentioned OTC in front of some assets.

They are over-the-counter assets.

I’ll explain OTC later in the guide.

Like others, the Pocet Option Keeps up with the pace by offering loyalty points to the users.

I mean, who doesn’t love bonuses and rewards.

HOW DOES THE POCKET OPTION WORK?

You can make money on the PO, but what about the firm itself?

How does it generate some cool bucks?

Do they have a money tree or something?

Well, let’s find out.

Pocket Option earns money by cashing in the money placed on losing trades.

For example, you lose all your money if you place a bid and don’t predict it.

Instead, that money goes to your broker.

The PO also earns through a spread.

I love chocolate spreads, but this one is a bit different.

The spread is the difference in buy and sell prices.

Typically, your broker will give you a buy price more significant than the current market price.

It also provides a sale price lower than the current market price.

The broker offers to sell assets at a fixed price (the asking price).

And bid to buy securities at a given price (the bid price).

Brokers earn money by having traders buy at their offer and sell at their bid daily.

I’d like to talk to you about how the broker generates money.

Did you know you can start your account for as low as $50?

So yes, anyone with $50 to 20000 can create their account.

That’s why you see over 100+ brokers spring up over the last 1 or 2 years.

These brokers only make money when the clients lose.

So why do you think it takes months to get money back from some of these brokers?

They make money when clients lose.

Let me explain it to you.

For example, the broker has 200 clients.

Each client earns 75% on each winning trade and 0% on a losing trade.

One hundred clients bet $100 each that the DOW is going UP/HIGHER/BUY.

One hundred clients bet $100 each that the DOW is going DOWN/ LOWER/ SELL.

So there’s $10,000 on each side (100 traders x $100 = $10000).

Let’s say the clients who bet UP win and earn a $75 profit.

So One hundred clients now have $175 each or $17500 total, and 100 clients now have $0.

The broker made a $2500 profit from the difference.

So the more volume assuming it matches like this example, the more money the broker makes.

So if this example were $100,000 on each side, the broker would have made $25000.

Instead of $10,000 on each side,

Let us say it is out of balance.

Say 150 clients did $100 on the buy-side.

Or $15000 and only 50 clients were on the sell-side or $5000.

So if the buy-side wins, the broker has to pay out $15000 x 75% or $11250.

But it only has $5000 from the losses from the sell-side clients.

It means the broker lost $6250 on that trade.

And of course, it could have gone the other way where the $5000 side won and the $15000 side lost.

In that case, the broker will make over $11000 of profit from that trade.

So, as an options trader, you have to grasp the key concepts.

HOW TO USE THE POCKET OPTION?

To use the PO, you have to navigate around platforms.

You have to have a muscular platform if you want to throw some punches at the losses.

PO provides web and mobile native platforms.

Let’s discuss them in detail.

PO has developed its native web and mobile platforms.

They offer several charting tools, technical indicators, timeframes, and others.

Platform

Platform

As I mentioned earlier, it is super-fast and provides good trading conditions.

It is user-friendly for beginners and devoid of bugs.

The online interface supports many features.

It provides;

  • All conventional order types,
  • Configurable indicators,
  • Easy-to-read statistics on transaction history,
  • Net worth, and
  • Prior performance.

On the other hand, the web app cannot create price alerts or notifications.

In addition, there is only a one-step login feature.

Also, there are numerous languages accessible on the platforms for all traders to pick from.

WHERE IS THE POCKET OPTION BASED?

Often, you want to know about the broker’s location.

It signifies legitimacy and increases the broker’s authority.

So, what about Pocket Option’s location?

Let’s take out the map!

If you navigate to the dealer’s website, there’s a mention of an office location.

You can see that it is a subsidiary of Gembell Limited.

Gembell Limited has its office in Ajeltake Island, a city of the Marshall Islands.

So, Pocket Option has its office in Ajeltake road.

WHO OWNS THE POCKET OPTION?

In the last section, I mentioned the location of the firm.

Now I want to tell you about who owns it.

I already presented a hint, and some of you may have figured it out by now.

But, if you haven’t, then I’ll explain:

Gembell Limited, a company based in Ajeltake road, is the owner of the PO.

The broker is a subsidiary of Gembell.

So, Pocket Option is not a sole proprietor; instead, Gembell manages it.

Ownership

Ownership

DOES THE POCKET OPTION HAVE AN APP?

Trading on the go is super important these days.

For me (who’s always on the go), it makes my life easy.

I can check wherever I want.

Pocket Option has a mobile app also, so let’s see what it has to offer.

Pocket Option provides an iPhone and Android app for MT4.

The program is accessible for download from the app store and the Google Play store.

It works with both Android and iOS.

You will have access to the five most common order types used.

The five fundamental trading orders are market, limit, stop, good-til-canceled, and good-til-time.

The Pocket Option Mobile app has a user-friendly interface that makes it simple to browse.

In addition, price monitoring and notifications in smartphone notifications will be available.

Traders will utilize the mobile app in several languages, a fantastic feature.

The mobile app works nicely, and you can view it in portrait or landscape mode.

It is partly due to the superb design.

And the mobile app retains all of the capabilities of the desktop version.

Just download the program and begin trading on the go, no matter what device you’re using.

I found the app stable, well-designed, feature-rich, and easy to use.

DOES THE POCKET OPTION HAVE A DEMO ACCOUNT?

As we are heading forward, there’s something I need to address.

Yeah, it’s the demo account.

It’s a must-have if you are a beginner.

But does the Pocket Option have it?

The simple answer is “yes.”

The dealer does have a broker account.

It comes with all sorts of trading features and gives you a feel of the real thing.

The PO’s demo account has a significant benefit.

It carries all the traits of a real one.

When you open the broker’s website, there’s an option of a demo account at the homepage.

Clicking on it will take you to registration.

The account opening process takes about 5 minutes.

After that, you are ready for some price action.

Demo account

Demo account

HOW TO USE A POCKET OPTION DEMO ACCOUNT?

You don’t need to be George Soros to use the demo account.

Even if you are a complete beginner, just play around.

The beauty is you are going to lose anything.

So, you can use the account hassle-free.

I tested several financial instruments and strategies on it.

I found it interesting, and it sort of gives a feeling of real money.

In addition, I chose the market, approach, and investment amount without hesitation.

Using a PO’s demo account in the same manner as a real one increases your confidence and trust.

IS POCKET OPTION DEMO TRADING FREE?

Well, a curious question can come from anywhere.

Before the review, I found out that people want to know if Pocket Optiondemo trading is free.

It is a no-brainer!

Of course, Pocket Optiondemo trading is free.

You don’t need anything to open an account.

A quick reminder that if someone asks something for a demo account, it’s probably a scam.

Luckily, Pocket Options isn’t, so you are good to go.

DOES THE POCKET OPTION HAVE BUILT-IN SIGNALS?

There are a lot of cool features on the Pocket Option platform.

One of them is trading signals.

Do you know what they are?

Let’s try to find out.

Like a cool mirroring tech, social trading allows you to copy the positions of others.

You have to mirror what the pros are doing, and voila!

The whole process is automated, and you just have to copy; that’s it!

“But does the Pocket Option have a free signal we can copy”?

Yes, they do!

After signing up, you can take copy signals options through social trading and start opening positions.

Now you are thinking, “What the hell is social trading”?

Well, think of it as social media.

Here you copy trades of pros.

The good thing is Pocket Option lists all the top traders of the past 24h and top profit ranking.

You can copy their trades after signing up with the broker.

I think it’s great for beginners who don’t have any expertise and don’t have time.

Social trading

Social trading

IS POCKET OPTION A SCAM?

As I said earlier, I have been trading with the broker for six months.

There are a lot of comments about withdrawing difficulty and such.

However, it’s not always the case.

I haven’t faced any deposit/withdrawal difficulty.

Is pocket option a scam?

I have read many reviews about the firm.

Most of them lie on the positive side.

Here’s something you need to understand:

Pocket Option has proper regulations (I’ll explain it in a moment).

So, if they do try to run a scam, you won’t lose your funds.

The regulatory body allows protection from various scams.

IS POCKET OPTION LEGIT?

Also, the broker has regulations from IFMRRC.

It stands for International Financial Market Relations Regulation Center.

It’s a regulatory body of the UK and monitors various other brokers.

The rule from the IFMRRC proves the legitimacy of the PO.

DOES THE POCKET OPTION HAVE A PROMO CODE FOR TRADERS?

Promos are a fantastic feature.

What they do is they allow you to get discounts.

Nah, I’m not kidding!

Let’s see if PO offers a promo code?

The answer is yes.

It does offer a promo code.

The promo code works like any other promos you get.

You sign up, copy the code, and at the end, enter it.

There are four promos available.

You get like four chances to redeem these codes.

They also have a success rate, so you can quickly check which code to copy.

You can get discounts on many stores like Sydney Grace, Vela Scarves, and others.

Here’s a promo code

50% $50 minimum deposit dBogSO5R

Valid 2022-03-10

Remember that these codes work depending on your location.

So, if you are from a country that doesn’t have these stores, then it’s possible to redeem.

WHAT ARE POCKET OPTION BONUS RULES?

Like others, the Pocket Option keeps up with the pace by offering loyalty points to the users.

I mean, who doesn’t love bonuses and rewards.

But you have to remember some key points.

Here are the rules:

What are pocket option bonus rules?

Before I go into rules, several features differentiate the broker from others.

These include the market, the lottery of crystals, trading signals, and crustal mining.

Let’s explain each one of them:

The market is sort of like a place where you can buy tools.

The lottery allows you to boost your abilities.

It is a super cool feature of the PO.

Through a lottery, you can earn crystals, which you can redeem for bonuses.

Crystal mining is another worthy feature of the broker.

Through it, you can copy the pro traders and earn crystals.

The signals are a suggestion to buy or sell a particular asset.

It’s super helpful if you are a beginner.

So, when you open an account, you get a bonus about those rules.

Now, this bonus comprises 50% of the deposit amount.

It means that if you deposit $100, you’ll get $50.

That’s pretty cool; I think, because you’ll get additional funds.

Ok, you are probably thinking, “Is it that simple, I can get a bonus just like that”?

Well, like bonus offers, there’s a catch!

You see, you can’t withdraw this bonus.

You have to trade with it, and then after profits/losses, you can withdraw.

HOW TO DEPOSIT MONEY ON THE POCKET OPTION?

After opening an account, you need to deposit.

But in what ways are you going to do that?

Maybe some of the choices are not available to you.

So, let’s explain!

On the platform, you can deposit through various means like

  • Debit cards,
  • Bank transfers
  • Advcash
  • PerfectMoney
  • Jeton
  • VLOAD
  • Bitcoin,
  • Skrill,
  • Neteller.
  • Ethereum,
  • Ripple,
  • Tether
  • Litecoin.

So, you see, there are plenty of choices.

Deposit ways

Deposit ways

You can select any one of them and start for some price action.

WHAT IS THE POCKET OPTION MINIMUM DEPOSIT?

You have a grasp of several ways, but what about a minimum deposit?

The minimum amount you need is $50.

I think this is super flexible, and with a bonus, it can add up.

WHAT ARE POCKET OPTIONS DEPOSITS AND WITHDRAWALS METHODS?

I have discussed Pocket Option deposits and withdrawals in the above sections.

Now it’s time to move to what are different methods available.

Pocket Option provides plenty of options to choose from.

So, let’s see!

If you are from Latin America, then Pocket Option offers plenty of withdrawal choices.

I’m going to break it down for you:

Cryptocurrencies 
1. Bitcoin

2. Coinbase

3. Dai

4. Bitcoin Cash

5. USD Tether (TRC-20)

6. USD Tether (BRP-20)

7. Binance coin

8. Ethereum

9. Litecoin

10. Dogecoin

11. Dash

12. Solana

13. Dogecoin (BEP-20)

14. Monero

15. Zcash

16. Shiba Inu (ERC-20)

17. Shiba Inu (BEP-20)

Bank 
1. Mexico Online Banking

2. SPEI

3. Mexican Payment Methods

4. BBVA Bancomer

5. HSBC

6. ScotiaBank

7. Banco Azteca

8. Banorte

9. Santander

E-payments 
1. Perfect Money

2. Oxxo

3. 7 Eleven

4. Bodega Aurrera

5. Walmart

6. Circle K

7. Farmacia Benavides

8. Sam’s Club

9. Superama

10. Farmacias del Dr. Ahorro

HOW LONG DOES THE POCKET OPTION DEPOSIT TAKE?

HOW TO WITHDRAW MONEY FROM POCKET OPTION?

Depositing was easy, so what about withdrawals?

You don’t want to miss any moola, right?

Are the methods similar, or are there some other ways?

Let’s find out!

How to withdraw money from pocket option?

Well, there are different times from deposits.

Every method I mentioned earlier is instantaneous, except bank transfers.

Bank transfers can take 1-4 days.

You can withdraw through

  • Bank transfers
  • Crypto wallets
  • Skrill
  • Neteller
  • PerfectMoney
  • Jeton
  • Advcash

HOW LONG DOES POCKET OPTION WITHDRAWAL?

Unlike deposits, withdrawals take time.

Skrill and Neteller, Jeton, Advcash, and PerfectMoney take 24 hours.

With crypto wallets, it also takes one day.

With bank transfers, it can take 3- 5 days.

WHAT DOES OTC MEAN ON POCKET OPTION?

Have you heard about OTC?

If you have a know-how about the markets, I’m sure you must have heard about it.

But if you haven’t, then don’t worry.

I’ll explain what OTC is and what OTC means on PO.

OTC means over the counter.

It cuts the middle man, and you can do transactions directly.

It’s a decentralized way to do trading.

With PO, you have different choices for OTC.

You have eight assets, all of the forex pairs.

These include forex majors.

They are open for fixed-time also.

I’ll explain what fixed-time is later.

How to roll over in Pocket Option?

Have you heard about rollovers?

Think of them as time extenders.

With them, you can prolong the period of your binary contract.

Pocket Option also offers rollovers, so let’s see how they work.

Rollovers increase the time of your trade expiration.

You must modify your positions and set a trade accordingly to roll over on the Pocket Option platform.

Pocket Option doesn’t have access to automatic rollovers.

WHAT IS THE POCKET OPTION CUSTOMER SERVICE NUMBER?

You need to contact the broker from time to time.

Several questions pop up.

Pocket Option doesn’t have a live chat service, but they have a phone number.

You can find it on the homepage below.

Down on the homepage, you have the “Contact” menu.

Clicking on it will bring up the Hotline.

There you can see the customer service number.

It is +442081234499.

Customer number

Customer number

WHAT IS THE BEST POCKET OPTION STRATEGY?

I have applied various strategies in my six months of trying the platform.

These strategies vary from indicators and methods I used.

There’s no holy grail.

However, I found that one strategy works better than the rest.

So, the strategy is a combo of Bollinger Bands and Moving Average.

The MA I am applying for is SMA.

I don’t trade OTC pairs; instead, I trade forex exotics.

What I do look for is the crossover.

Whenever that happens, I take the trade in either direction.

Of course, it’ll take me a whole new guide for trading strategy.

So, I’m keeping this simple for now.

I’ll make another guide on the trading strategy.

WHAT INDICATORS ARE AVAILABLE AT THE POCKET OPTION?

As I said about the PO’s platform, multiple indicators are available.

There are some standard ones, and then there are some fancy ones.

I trade with Moving Averages, Bollinger Bands, and RSI.

But you have so many other choices also.

What indicators are available at the pocket option?

In total, there are 29 indicators.

  • Here’s a complete list of them:
  • Accelerator Oscillator
  • ADX
  • Arron
  • Average True Range
  • Awesome Oscillator
  • Bears Power
  • Bollinger Bands
  • Bollinger Bands Width
  • Bulls Power
  • CCI
  • Donchian Channels
  • DeMarker
  • Envelopes
  • Fractal
  • Ichimoku Kinko Hyo
  • Keltner Channel
  • MACD
  • Momentum
  • Moving Average
  • OsMA
  • Parabolic SAR
  • Rate of Change
  • Schaff Trend Cycle
  • Stochastic Oscillator
  • SuperTrend
  • Vortex
  • Williams%R
  • Zig Zag

You have to go to the platform’s chart analysis icon to navigate indicators.

Clicking on it will bring an indicator option.

From there, you can select any indicator you want.

WHAT IS THE BEST TIME TO TRADE ON THE POCKET OPTION?

You know markets are available from Monday to Friday.

But is there a best time to trade?

There’s a lot of noise around this topic.

So, I want to clear this noise.

You can trade at any time.

But I think the best time is between the London and New York sessions.

There are many volumes, and you can make some cool bucks.

HOW TO CHANGE THE TIME ZONE ON THE POCKET OPTION?

Like any other platform, there’s an option of changing the time zone.

By default, the platform time zone is UTC.

But you can change it.

Here’s how you can do it:

How to change the time zone on the pocket option?

On the platform, you have to go to “Preferences.”

From there, you can change the time zone.

So, there you go, it’s that simple!

WHAT IS THE FIXED TIME ON POCKET OPTION?

If you are following, I did mention a fixed time earlier.

But what exactly is it?

Is it some kind of trading magic?

Well, let’s find out.

You see, FT represents the simplest form of binary trading.

With it, all you have to do is pick a side and set a time.

For instance, you say GBP/USD will go up in the next hour.

So, if the price goes up, you make some astonishing pips.

If it doesn’t, then you lose.

It’s sort of like a 50/50 thing.

DOES THE POCKET OPTION HAVE A TRADING ROBOT?

Like other things, a bot does help you a lot in trading.

It automates the entire process.

But the question is, “Does Pocket Option have a trading bot”?

Let’s find out!

No, the platform doesn’t have a bot.

There’s a fake bot by the name of Pocket Option robot.

However, the platform doesn’t have one.

So, don’t fall into the trap.

DOES THE POCKET OPTION TAKE OUT TAXES?

Taking out taxes means taxes you are withholding.

Usually, brokers don’t take out taxes.

So, Pocket Optionfollows the same pattern.

Let’s find out more.

On the payment policy page, you have taxes info.

I have screenshotted it, so you can see.

Taxes policy

Taxes policy 

As you may have noticed, the firm is not a tax agent.

It means it doesn’t provide your fund’s info to anyone.

In rare cases, they provide info to government agencies.

FAQs

How to set up Pocket Option?

Setting up Pocket Option is super easy.

All you have to do is signup deposit funds, and you’ll get a native platform.

From here, you can customize everything according to your preference.

How to read Pocket Option signals?

Reading signals requires some technical details.

What you have to do is follow the signals of the pro traders.

There’s a complete guide available about it on the homepage.

Remember that this guide is only accessible for registered users.

How to deactivate the Pocket Option account?

To deactivate, you have to go to the dashboard.

Here, there’s an option to deactivate.

Click on it, answer a few questions, and it’ll deactivate your account.

Note that the process can take a few hours.

Final verdict

So, there you have it!

If you want to open an account, consider all the mentioned aspects.

Go through this review again if you don’t understand anything.

I hope this was useful in demonstrating how Pocket Option works and how you can trade on it.

General Risk Warning: Your capital might be at risk