Many people want to try binary options trading, but do not know how to choose a reliable broker. Pocket Option offers more than 150 trading tools, a user-friendly interface, and various additional options. However, the reviews about the company are very different. Some people even call it a scam. We’ll see if it can be trusted.
Table of Contents
Highlights
| 🏛️ Country | Marshall Islands |
| ⚠️ Regulation | — |
| 🖥️ Website | https://pocketoption.com/ |
| 🎲 Demo Account | Yes |
| ⏳ Start Time | 2017 |
| 💲 Minimum Deposit | $50 |
| ⚖️ Payout | From 10% to 84% |
| ⚙️ Expiry Time | 1 — 4 hours |
| support@pocketoption.com | |
| 📞 Phone | — |
First Impression of Pocketoption.com
The Pocket Option website looks pretty sparse. Pages take a very long time to load. Links are triggered incorrectly. The broker describes a lot of its advantages in detail and operates in huge numbers to attract the attention of users.
In general, there are many different lures on the main page. For example, social trading with unprecedented profitability. Some tournaments with a prize fund, etc.
Pocket Option even posted a naive attendance counter. If you spent a few minutes on the site, then traders have already earned 3-4 thousand dollars during this time. Register as soon as possible so as not to miss your profit! Such honeypots will only seduce a beginner.
Partnership and Bonuses
As you have already understood, Pocket Option has both a bonus, and an affiliate program. It literally does everything to attract new customers. Invite a beginner to the site and you will receive up to 80% of the reward from commission for profit. Also, you will receive up to 100% bonus for deposit.
Account Opening on Pocketoption.com
To register in the Pocket Option website, click the green “Quick Registration” button, which is located at the top of the main page. Enter your email address, come up with a password and read the Service Agreement, then click “Register”.
You can also log in via Facebook or Google+. After that, the Pocket Option system will automatically load the trader’s personal account. A window will immediately appear in front of you with an offer to deposit and available payment methods.
There are a lot of game elements in the Personal Area that are only confusing. Trading conditions are not mentioned. To access the instructions section, you need to fund your account.
Trading Software
The platform is a production of Pocket Option. It’s really uncomfortable. There are a lot of unnecessary and distracting elements on the screen. The charts look disgusting. In trading, it shows itself badly. In general, we don’t know what Pocket Option is proud of.
| Features | Pocket Option | Binary.com | Quotex |
|---|---|---|---|
| Demo Account | |||
| Mobile App | |||
| Own Development |
How Can I Trade With Pocket Option?
Pocket Option is a typical binary options broker that offers a single account with simple conditions.
| Minimum deposit | Minimum rate | Expiration time | Payouts |
|---|---|---|---|
| $50 | $1 | From 1 minute to 4 hours | From 10% to 84% |
There is also social trading, and that’s where all the interesting services end.
All Info About Accounts
Pocket Option has also developed a system of privileges that depend on the amount of the deposit:
- Stranger – No deposit;
- Beginner – up to $100;
- Experienced – $1,000;
- Master – $5,000;
- Professional – $15,000;
- Guru – $50,000.
There is no detailed description of privileges.
- Low minimum deposit.
- There is no detailed description of the conditions.
- No additional services.
Market Analysis and Education With Pocketoption.com
There is no good education on the site. You won’t find even basic informative articles here. However, Pocket Option provides signals, but it is very difficult to say what quality they are. As a rule, all such broker signals lead the client to lose the deposit.
Deposit, Withdrawal, and Fees
Ways to deposit and withdraw funds:
- Cards Visa, MC, Maestro
- Electronic payment Vload, Jeton, Perfect Money, Payeer, AdvCash, etc
Pocket Option promises no fees for deposits.
| Features | Pocket Option | Quotex | Binary.com |
|---|---|---|---|
| Debit/Credit Cards | |||
| Electronic Payments | |||
| Crypto Transfers | |||
| Deposit Fee | |||
| Withdrawal Fee |
How Can I Contact It?
Pocket Option has very few contact details. There is an email address, but they do not respond to it. There is a chat in your Personal Area.
- Live chat.
- Too few contact details.
- Support is reluctant to respond to requests.
Is Pocket Option Dangerous?
The site and the conditions of Pocket Option are very disappointing. So we will take a closer look at the broker’s activities and prove that we have a scam in front of us.
How Long Does The Broker Work?
The broker says that it started working in 2017. Meanwhile, its website appeared even earlier. Checking the domain showed that it was created in 2016. In any case, Pocket Option has really been working for several years. However, it cannot be said that it has earned the respect of traders.
How Is Pocket Option Regulated?
Pocket Option mentions that its managed company is Gembell Limited. This company, in turn, is registered in the distant Marshall Islands. It’s an offshore zone, where all kinds of scammers like to hide so much.
However, it is more correct to say it was registered. The company was dissolved in 2021. So Pocket Option provides its services illegally, even without being a legal entity. Of course, in this case, it does not have a license. Although, it is especially difficult to get a binary options broker license.
| Features | Pocket Option | Binary.com | Binomo |
|---|---|---|---|
| European Zone | |||
| Asian Zone | |||
| American Zone | |||
| African Zone | |||
| Offshore |
4 reviews about Pocket Option
A friend's story that says you don't need to contact them
The story of how my friend was cheated. An employee from Pocket Option called him. He told in detail about all the charms of the company, about the fact that they give a 100% deposit bonus. He said that the profitability here is 95% from each transaction. Also, that they help traders. Well, a friend fell for it, and put $350 here (all the money he could collect). They gave him a bonus. As a result, he lost money because of their recommendations. They don’t answer the chat anymore. There are no other contact details. Such is the sadness.
These are crooks and robbers who strip their victims of the money.
I advise you to stay away from them. All such unlicensed offices, like Pocket Option, act like highwaymen. Their goal is to lure all the money out of the client. And there is nowhere to complain. There are no licenses. You can transfer the money to broker. Then, you will not see them again.
They work according to the Israeli scheme
Pocket Option has been blacklisted since the very beginning of its foundation. Managers offer bonuses for the first deposit, offer profitable trading strategies, trading signals, and the help of experienced specialists. In short, they offer a bunch of cool and enticing services. I don’t know, but it’s up to you to trade or not through Pocket Option. I definitely wouldn’t do it. The broker has a bad reputation, even without a license.
Terrible work of Pocket Option support
I am a very recent user of this platform, but I am already ripe for a comment. Support responds for a very long time, which is terrible. I didn’t even have time to make a deal, as the money on my account ran out. Support said that there was a system failure, but they will not refund my money. Well, cool, what should I do now? In general, as you understand, my funds have not returned to me. I wrote to them several times, but no results. Be careful. I wish you all large balances, and good luck.