Pocket Option – The Ultimate Guide to Trading in 2024

Pocket Option Review

Pocket Option was founded in 2017 by Gembell Limited with the aim of democratizing access to the global financial markets through an intuitive and user-friendly online platform. Their popularity was driven by simplifying the concept of binary options trading. By 2019, Pocket Option has attracted over 10 million registered users.

Pocket Option was created to bring the best experience to customers. It enables traders to bet on the fluctuation within a short period of time. Dual-platform accessibility via its very own and MT5 tends it for a wide array of traders.

Why Choose the Pocket Option?

Drawing on our experience PocketOption will give you the best trading experience possible. Bet on fluctuating financial markets with an intuitive interface.

Other advantages of trading on Pocket Option include:

• Wide range of assets: forex, stocks, and cryptocurrencies.
• Free demo account with $50.000 virtual funds.
• No commission fees on trades, deposits, or withdrawals.
• Social and automated trading features.
• Fast execution with turbo options from 5 seconds.
• MT5 access for forex binary options.
• 50% deposit bonus for new traders.

Pocket Option features will simplify trading and give you the best experience.

Pocket Option vs Other Brokers

Pocket Option is great at providing a smooth and seamless binary options trading platform. However, you need to know how it compares to other brokers regarding the main features and offerings. The main differences between Pocket Option and the other two leading brokers can be seen in the table below:

Pocket Option trading is characterized by a user-friendly interface, fast execution and a wide selection of assets. The absence of trading commissions combined with bonuses and the possibility of automated trading is suitable for beginners.

How to Start Trading on PocketOption

Everything in PocketOption starts with registration, which is pretty smooth: new users set up their accounts in no time and start trading.

Create an account in a few easy steps

Steps to create an account:

1. Go to the official Pocket Option website.
2. Provide basic information: enter your e-mail address, create a password and select a currency.
3. Confirm your account by clicking the confirmation link from your email address.
4. Complete KYC verification to confirm your identity using your passport or driver's license.
5. Fund your account using any of the several payment methods. The minimum deposit is $5 USD.

The instructions will allow you to start bidding without difficulty.

Using Demo Trading for Practice

Our data shows that the trading platform offers a free demo account. In it, you will receive virtual funds in the amount of 50.000 dollars. This is an opportunity for those who are interested in binary options or want to try Pocketoptions. The demo allows you to practice trading strategies without losing real money. In addition, you can try out all the features of the platform, which means you can build confidence before moving on to real trading.

Types of Accounts and Their Advantages in Pocket Options

In our experience, there are six account types within the Pocket Options platform. Each is designed to meet the needs of traders of all experience and trading levels. As your account balance grows, so does the additional set of features and tools you can use to achieve your goals.

Fees for Traders

Pocket Option operates on a no-fee model for most transactions:

• Commission-free trade: Making a trade on the platform is free.
• There are no charges for deposits or withdrawals: all incoming or outgoing payments are free.

Commissions will be met by the user only in case of transaction with Perfect Money. The fee is minimal - 0.5%.

Deposits and Withdrawals

Pocket Option live trading offers flexible and no-fee options of both deposit and withdrawal of funds. The platform requires a minimum of $5 to get things started and limits withdrawals to $10 per day.

Traders may use several methods of funding accounts and withdrawing money:

• Credit/Debit Cards
• E-wallets
• Cryptocurrency
• Bank Transfers

To fund your account, sign in to the Pocket Option account. Then click "Finance" and go to "Deposit." Select your payment method, enter the desired amount, and confirm the transaction. To withdraw money, the process runs in the same way.

Binary Options Markets and Trading Strategies

Our Pocket Options review allowed us to find out that the platform provides traders with access to various binary options markets. In addition to speculating on asset prices, Poketoption allows trading turbo and long binary options. Users can adapt the tool to large or small turbulence in the market, depending on what they prefer.

Pocket Option offers a very diverse range of markets:

• Forex: 49 currency pairs (major, minor, and exotic pairs)
• Stocks: 36 leading global stocks
• Indices: 24 indices (FTSE 100, S&P 500, and others)
• Commodities: 17 commodities (gold, silver, crude oil and others)
• Cryptocurrencies: 10 cryptocurrencies (BTC, ETH, XRP and others).

The variety of binary options markets and trading strategies provides trading convenience.

Trading Strategies

Binary options trading on Poketoption is brimming with a spectrum of possibilities. Traders can make choices depending on the goals they are pursuing and the observed market conditions:

• The turbo options: Range from 5 seconds to 5 minutes. What they do is essentially take advantage of the small fluctuation in the price over a very short period, which is perfect for the turbo options of aggressive traders. This happens often enough in really liquid markets like forex and stocks.
• Momentum trading: This is where you identify those assets that are trending in a particular direction with considerable momentum. Traders can either hitch a ride on such momentum by betting on its continuation or surf Time, looking for possible reversals to profit from a price correction.
• Zig Zag Strategy: It's a strategy that works toward following the trend of the asset price over time and aims to recognize the zig-zag patterns on the chart. Traders would use technical indicators in predicting the possible reversal of a trend and thus place trades accordingly. It could be normally employed with indices and commodities.
• Support and Resistance Levels: This would involve establishing the major price levels from which the asset has traditionally reversed or consolidated. The trader places trades at these levels, therefore increasing the chances of correct predictions for both short- and long-term options.

A variety of opportunities for traders allow them to apply different strategies.

Trading Platforms

Pocket Options Broker offers versatile and easy-to-manage trading platforms. They are able to satisfy any needs - from the most inexperienced traders to really sophisticated users.

Proprietary Pocket Option Platform

The Pocket Option platform is very plain and user-friendly. It is accessible through a web browser or through mobile applications, which makes it very suitable for traders who value convenience and rapidity. This includes:

• Ease of Use: Intuitive per se, and quite adequate for a beginner.
• Fast Trading: Turbo options, fast trading.
• Social Trading: copy the most successful traders straight from the leading board directly, in one click.
• Mobile Apps: Applications ensure full functionality at your fingertips, with push notifications that notify you of any updates in real time.

Pocket Option's proprietary platform will give you additional convenience for trading.

MetaTrader 5 (MT5)

For more advanced traders, Pocket Option provides them with MetaTrader 5. MT5 is perfect for traders who need high-functioning charting tools and technical analysis. Key features on MT5 at Pocket Option include:

• Advanced Tools: You can further customize more than 44 indicators and 21-time frames.
• Trading automation by using Expert Advisors-EAs.
• Cross-Device: Desktop devices, including Windows, macOS, and Linux; mobile devices.

The MetaTrader 5 tool will simplify trading and ensure accessibility.

Social and Automated Trading

With Pocket Option, traders have both social trading and automated trading available, allowing them to improve trading strategies with greater ease. Whether one is a novice or a professional in this field, these tools allow for copying the most successful traders or for automating one's strategy, so it is traded all the time.

Social Trading

Social trading concerns the Pocket Option, which means traders copy trades from successful traders. The key features include:

• Leaderboard: Traders will be able to see the leaderboard of the best investors, ranked by profitability and performance.
• Copy Trading: Immediately copy the trades of top traders with just a few clicks. It also enables setting risk parameters for your strategy.
• Transparence: Follow detailed statistics by traders you follow, such as win rate and performance of their past trades, with the ability to make more informed decisions.

It is perfect for those who are merely beginners wanting to learn from reputed traders or not having time to manage their trades actively.

Automated Trading

Through Pocket Option, it is also allowed to make automated trading through trading bots and advisor EAs, therefore allowing the user to handle the automation of the strategy to be implemented and the execution of trades without the need for manual input.

• Expert Advisors: It will automatically open trade in your account according to some predefined rules and strategies, considering the market condition.
• Level of Customization: Traders can set their automated trading robots to execute specific strategies, including trend-following, scalping, or reversal-based methods.
• 24/7 Trading: Since there are no open sessions involved with automated systems, it operates round the clock, as good as when one is online.

Automated trading is ideal for traders who want to implement consistent strategies or even for those who want their strategies executed when they may not be actively trading.

Mobile Trading

Pocket Option does not create any barrier to offering the best mobile trading experience. It can let the users manage their trades anywhere and at any time. The features are identically kept the same as in the mobile platform. Presently, the Pocket Option mobile application solely exists only for Android users in the APK format.

To initiate mobile trading on Pocket Option, open:

1. Log in to your account through the Pocket Option website via the Android device.
2. Follow the section about "Mobile Application".
3. Download the APK file direct from the site.
4. Follow the on-screen instructions that will help you install the APK on your device.

Once this is done, activate your account, log in, and start trading on your cell phone, enjoying all the features available on the desktop platform.

Is Pocket Option Safe?

Pocket Option tries to guarantee users' security through various means. Firstly, it has been licensed by the IFMRRC. Pocket Option also does have some significant security protocols in place for the safety of their users' data and funds. To answer the question is Pocket Option safe, we can use the following arguments:

• Encryption: It deploys an advanced encryption on the network that secures personal information and any kind of transaction.
• Secure Payments: Deposits and withdrawals are facilitated by trusted payment providers to make the financial transaction process safe.
• Account Protection: The Pocket Option suggests using strong passwords and it provides additional securities of the account, like two-factor authentication or 2FA.

PocketOption reviews also confirm reliability: the trading platform has an impeccable reputation.

How to Claim Bonuses on Pocket Option Broker?

Pocket Broker offers a 50% first time deposit bonus, to receive the goodie, you only need to deposit $50 or more. You will be given the bonus automatically. The more your deposit is- the higher your bonus will be. Maximum: $5.000.

Bonuses Pocket Option can be used to increase your trading capital. But check the terms and conditions: restrictions on withdrawals until certain trading volumes are reached.

Pocket Option Customer Service

Customer support from Pocket Option comes through:

• Live Chat.
• Phone Support: Available at +44 20 8123 4499 from 10:00 to 02:00 UTC+2.
• Email and FAQ Section.

You will be able to refer to the Pocket Option at any time. When all questions are resolved, it remains to register and join trading on the platform.

FAQ