Pocket Option Review Is Pocketoption.com Legit Or Scam

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Pocket Option

Broker Name: Pocket Option
Platform: BO, Bitcoin
Founded: 2020
Bonus: 100%
Return/Refund: 75-96%/ 0-10%
No. Of Assets: 85
Regulated: IFMRRC
Demo Account: No
Minimum Deposit: 50
US Traders: Not Accepted

Pocket Option Review

Pocket Option is an online broker with a relatively short time in business, that offers instant access to trade options on more than 150 assets, including currencies, cryptocurrencies and company shares. It is owned and operated by Gembell Limited, a company registered at Trust Company Complex, the Republic of the Marshall Islands with registration number 86967. Gembell Limited is regulated by the International Financial Market Relations Regulation Center (IFMRRC) with license number TSRF RU 0395 AA Vv0124. It must be noted that the IFMRRC is not an official financial authority like the CySEC in Cyprus or the FCA in the United Kingdom and instead it’s an independent organization.

Editor’s Note: Why Does Pocket Option Suck In 50 Words

According to them, they offer the Best Online Trading Platform and the most convenient online trading interface. Yea, we’ve heard it all before and although the platform does offer high payouts, I don’t think it’s really the best or the most convenient. On top of all that, their regulatory body is not the “fiercest” and for sure not as strong as CySEC, FCA or ASIC.

Why Pocket Option Doesn’t Suck In 50 Words

According to their Terms and Conditions (section 6.1), the client is not entitled to ask the Company for trading advice and the Company is under an obligation not to provide any advice to the client. I think it’s the first time I see something like that in the T&Cs of a binary options broker, but I like it very much because this means that you will trade, not the brokerage. This is how it should be with all brokers.

Is Pocket Option A Scam?

The broker is relatively new but so far there are no obvious red flags or scam suspicions. They are not regulated by a well known financial watchdog, but I will take their regulation (IFMRRC) any day instead of no regulation at all. I see they are transparent, which is always a good thing but on the other hand, they don’t offer information about the exact launch date (which is probably sometime in 2020) and their website contains some mixed information about the minimum sums for withdrawal and deposit. However, that alone doesn’t make them a scam.

Should I Open An Account With Pocket Option?

This broker has a few very interesting advantages among which I can mention huge payouts of 96% and a huge number of cryptocurrencies: more than 30. It’s true that Bitcoin and Altcoins are making their way onto the platforms of most Binary Options and CFD brokers these days, but I’ve never seen so many on one platform. What’s even better is that payouts for cryptos are up to 89%, which is way above the average in the industry (some brokers offer payouts ranging from 20% to 50%).

The trading platform is provided by ITTrendex and I must admit it’s the first time I’ve seen it but if it offers so many cryptos, with such high payouts, I hope I see more of it. Of course, that depends on the brokerage as well (they decide the range of assets and payouts), but at least we know that the platform is capable of supporting a large number of assets.

The education material is composed of several strategies, a platform guide, and video tutorials. It’s not the most extensive material I’ve seen but at least the strategies are actual strategies, with rules, pictures and clear steps you need to take before entering the market, which is more than I can say about other brokers.

So, in conclusion, Pocket Option is a brokerage with very high payouts, low deposit and withdrawal requirements but they are not regulated by a governmental authority and this keeps me from recommending them wholeheartedly. Also, I must mention that I’ve used a Demo account for this review and I cannot guarantee that the payouts will remain this high on a real account.

Pocket Option Complaints

There are quite a few complaints online about this broker, including claims of price manipulation, failed withdrawals and accusations of scam; you can even find unhappy PocketOption clients even in our Comments section below this review. However, we cannot vouch for the truthfulness any of them so bottom line is: use caution.

Pocket Option Bonus

Using the promo code “easystart100” you will get a 100% bonus for a minimum deposit of $50 – in this case the required turnover is 50 times the deposited amount (invested amount can be withdrawn but the bonus will be cancelled). In case you don’t use the code given above, the bonus varies from 20% to max 50%; however, you will need a huge deposit of $10,000 to benefit from the 50% bonus. Client’s funds can be withdrawn before the turnover is reached but said turnover is not specified for this type of bonus.

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Pocket Option Withdrawal

The minimum withdrawal is very low, at 10 USD and can be made via a huge choice of methods – more than 20, including cards, wires, e-wallets and crypto. The processing time is 3 business days.

Pocket Option Extra

The payouts are huge (96%) and this broker offers more than 30 crypto currencies with a very high return of 80% (or even 89% in some cases). If these numbers hold up in real market conditions, Pocket Option will surely see an influx of new clients.

Pocket Option Ratings

User Friendliness 16/20

The website is translated into 15 languages but it is not the friendliest I’ve seen because sometimes information is hard to find, albeit if you know where to look, you’ll find it eventually. Demo accounts are available, as well as mobile versions for Android and iOS. US clients are accepted!

Number Of Assets And Expiry Times 15/20

Pocket Option offers 29 currency pairs, 4 commodities, 25 stocks and more than 30 cryptocurrencies, among which the popular Bitcoin but also Litecoin, Ethereum, Dash and many more. However, the expiry times are very limited, with the only one being 30 seconds. However, you can set the time until purchase up to 30 minutes in the future. So you choose when to buy the option (max 30 min in the future) and once it’s activated, it will expire in 30 seconds. Pretty weird!

Commissions, Support And Effective Return 15/20

There are no commissions to open an account or to trade. Support was very fast to join the chat and my questions were answered in a timely manner. The effective return is up to 96% for all assets apart from cryptos, which have up to 80% return (even up to 89% in some limited cases). I am not sure if these numbers are available on a real account and on a regular basis, but if they are, it’s almost amazing.

Deposit, Payment And Bonus 16/20

Deposits (minimum $50) and withdrawals (minimum $10) can be made using 20 or more methods, including of course credit cards, wire transfer and tons of e-wallets. Pocket Option doesn’t charge a fee but your bank/payment processor probably will. The bonus is 100% for a minimum 50 USD deposit using promo code “easystart100″. In this case, the turnover is 50 times. Without using the code, the bonus ranges from 20% to 50%. The bonus can be cancelled.

Website Extras 15/20

They have the widest list of cryptocurrencies and highest payouts I’ve seen so far. Other extras include cash back, risk-free trades, bonuses to balance and bonuses on deposit, tournaments, social trading and copy trading. These are some positive extras but again, the numbers seem too big compared to the rest of brokers, so I am not sure what’s going on.

Pocket Option Review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

Find the best trading platform. You capital is at risk when trading. Be careful.

This is a Pocket Option Review, we are going to take a closer look at the broker? Is it a scam? Do they offer a demo?

Are you interested in online trading but don’t know where to begin your search for a legitimate broker? Is PocketOption the option you are looking for? Let us help you decide.

The best way to start your search is with online reviews that will walk you through the requirements and provide comprehensive information regarding the trading platforms and robots that you may come across. And guess what? We offer some of the best.

Pocket Option

  • Name: Pocket Option, sometimes written pocketoption .
  • Platform: Binary Options.
  • Founded 2020.
  • Assets: Over 100+ assets.
  • License: IFRRC.
  • Minimum Deposit: 50 USD/EUR.
  • Demo account: YES – Recently added.
  • Minimum Trade Amount: 1 USD/EUR.
  • Return: 75%-95%
  • No charge on deposits.
  • Offers social trading.

We recommend that use you use a regulated broker instead, the list below only contains regulated and safe trading platforms.

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

WARNING: Pocket Option review – Scam? Demo account? Read our review

Find the best trading platform. You capital is at risk when trading. Be careful.

Important: Pocket Option offers Binary Options, Esma renewed their prohibition on binary options for retail traders as of January 2nd. This means that retail traders should not be able to trade Binary Options. Since Pocket Option offers Binary Options, this is highly relevant. We advice our clients to open an account with a regulated trading platform.

The information is aimed at helping you find a trusted brokerage or software you can trade with regardless of which asset you’re interested in. Over the years, we have reviewed hundreds of brokers, and on this page, you’ll find a review of Pocket Option. In the review, we’ll answer questions you might have about the broker as well as explain whether we think this is a good broker or not. So let’s get right to it.

Pocket Option is a product that is run and operated by Gembell Limited which is registered in the Republic of the Marshall Island. The official registration number of the company is 86967, and the broker is licensed, but we’ll talk more about that further down in the review.

PocketOption Review: Assets and Platform

The main factor that makes Pocket Option a great trading site is their huge payout rates which are close to 96%. In addition, there is also a wide selection of cryptocurrencies that you can trade as well as a range of other assets. In total, this broker offers approximately 40 cryptocurrencies which is more than pretty much any of their competitors, and there are roughly 60 other assets with most being currencies.

In terms of the trading platform, you won’t find anything state of the art or over the top here. Instead, Pocket Option has focused on developing a simple platform that is easily comprehensible for beginners but perhaps not ideal for professionals.

Pocket Options Demo Account

Clients have the option of opening a Pocket Option demo account which is funded with $10,000 worth of virtual money. A demo account is a great tool that allows you to trade in a risk-free environment in order to practice trading and improving your skills. However, the demo account is not as well-equipped as their real account, and many of the features are somewhat limited.

Moreover, Pocket Option offers educational material that, in combination with the demo account, can help new traders get started with trading on their platform.

the services they offer. If they don’t have a license, you need to avoid them. In Europe, there are several highly reliable regulatory bodies that one can trust such as the Financial Conduct Authority (FCA) in the UK and Cyprus Securities and Exchange Commission (CySEC) in Cyprus. However, there are also a few other regulatory bodies in the world that provide trading licenses but you need to be careful with which ones you trust.

In addition to being regulated, a broker should also have great reviews online and a good reputation among traders and other brokers. This is easily checked by reading our reviews and comparing brokers on forums and similar platforms.

In terms of Pocket Option, we are not fully convinced of their license situation, although the broker assures that they are 100% regulated and safe. Their license is from the International Financial Market Relations Regulation Center (IFMRRC), which is a smaller regulatory body. Also, the regulator is not a government entity but an independent organization that works with regulating brokers. We don’t usually recommend brokers that aren’t regulated by the FCA or CySEC, but in this case, we’re not sure. And, in the end, having any kind of license is always better than not being regulated at all. In other words, it’s up to you to decide what you think of Pocket Option.

Pocket Option’s Downsides and withdrawals

Besides the questionable license situation, there is one other thing that makes us question this broker. Pocket Option provides contradictory information regarding the minimum amount that a trader can deposit to their account.

For instance, on their terms and conditions page, the minimum deposit is $5 while the minimum withdrawal is $1. At the same time, their payment options show that the minimum deposit is $50.

Now, this obviously makes us question the legitimacy of the broker, but it’s not enough to consider the broker a scam.

Alternatives to Pocket Option

PocketOption is not a scam site per se. However, we think they need to be more serious and clear about their minimum and maximum deposit levels because right now they give off a questionable vibe that we don’t know how to read.

Considering the uncertainties of this broker and the strange license, we recommend our readers and new traders to look for a more reliable broker instead. For example, Markets.com and 24Option offer great trading terms and platforms that have been designed to be as efficient for beginners as they are for day trading professionals.

To find out more about these brokers, we suggest you read our comprehensive reviews where we discuss their trading platforms and tools, the underlying assets they offer, licenses, reputation, etc. We also provide a detailed insight into what we think of the brokers and, more importantly, what other traders have to say about them.

So, instead of signing up for Pocket Option and risking being ripped off, we advise you to check out our Markets.com review and 24Option review. Alternatively, you can visit one of our broker guides where we’ve listed the best brokers based on different criteria such as which assets they specialize in and which regions they are active in.

We hope you enjoyed our review of pocketoption, if you are interested in in any broker, make sure to visit our site to see if they are legit or not.

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

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