Choosing a reliable binary options broker is the most important step. Even if you have solid analytical skills and a successful track record on other trading platforms, opening an account with dishonest brokers can lead to losing all your capital.
In this article, we will review Pocket Option – a binary options broker from the top ten companies in its segment. The main goal of this article is to give a clear answer to the question: is trading through this intermediary a scam or not? This analysis will be based on information from the website, real reviews from existing clients, and the opportunities the company offers traders for stable income and, importantly, control over their funds.
About Pocket Option
When you visit the official website, a welcome message appears, attracting visitors with the phrase that they have come to the right place for online financial transactions with digital instruments.
The main argument is the user-friendly interface. I can only agree – Pocket Option has one of the most convenient and uncluttered applications, not overloaded with many elements. Moreover, the interface looks the same on desktop computers and mobile devices. This allows traders to master all the necessary functionality once and easily switch between devices to monitor their accounts at any moment. After all, the ability to close a profitable trade at the best price and cut losses in time is one of the key skills of successful traders.
The primary mission of this binary broker is to provide a new trading experience. Founded in 2017, the company has successfully survived several serious financial shocks on global markets while continuing to fulfill all its obligations. This speaks not only to the extensive experience of the development team but also to strong financial stability, which is essential for reliably fulfilling commitments to account holders.
Currently, Pocket Option has over 100,000 clients from 95 countries. The turnover of such a large community of traders exceeds $500 million USD, with the average income of individual traders starting at $850. Achieving such results is only possible with a very high level of trust from ordinary traders.
Licenses and Regulation
For traders from Russia and CIS countries, as of 2022, the company’s activities are regulated by a license from CRFIN, a link to which is provided on the official website. Such openness and willingness to provide any significant information (the presence of a local license is a guarantee of the broker’s reliability and protection of clients from unauthorized activities with financial products) is another positive point in the advantages of Pocket Option.
Trading Conditions and Account Types
Currently, digital options are in the highest demand among traders of all experience levels. This is because brokers in this asset class offer the most lenient initial conditions.
In Pocket Option, there are no restrictions or gradations based on the amount of funds available. The minimum investment amount accessible to all is $50. With this account size, you can open up to 50 contracts simultaneously, provided you use the minimum order level of $1.
Information on how to register can be found here. If account verification is required, the process is straightforward with the help of the detailed instructions from our website.
The company fully covers intermediary fees for deposits and withdrawals. To give clients confidence that they can manage their funds at any moment, more than 50 payment methods are available.
Account owners are given access to a wide investment horizon – deals with more than a hundred assets of the following types:
- Digital contracts on currency pairs
- Contracts on commodities
- Digital contracts on stocks and indices of major stock exchanges
This extensive set of assets allows for preliminary analysis without the need for external sources, such as cryptocurrencies. These instruments are widely used on other trading platforms, so information about each contract’s status can be found freely.
One of the most significant advantages of binaries over classic stock trading is the ability to trade at any convenient time. Since the quotes offered by Pocket Option are OTC, there is always an interested counterparty on each side. This guarantees that the transaction will be executed under the conditions specified at opening. It ensures quick order execution and a high payout rate, fixed at entry and remaining unchanged throughout the expiration period. Real client reviews, considered here, primarily note the ease of planning trades, as all parameters are known at the time of opening the option.
Since there is no central coordinating body, liquidity providers and market makers are always present on the platform, enabling 24/7 trading. This opens access to trading even for those with little free time. By dedicating just half an hour to analyzing selected instruments and setting goals for the next day, traders can be confident that their orders will be executed at the specified quotes. All that remains is to monitor the profit inflow to the account.
Open an account with the broker
Demo Account
A demo account is a mandatory attribute of a serious company in any stock segment. Pocket Option offers visitors one of the most efficient ways to access digital contracts for educational purposes. To access demo trading, you need to follow the relevant link.
The demo account is automatically credited with $10,000 in virtual funds. With this amount, you can test new ideas for your personal strategy and explore the platform’s features without risking real money.
Even if the virtual deposit runs out of funds, it’s easy to replenish it with a single click.
It is recommended to use virtual accounts if you have no experience with the platform. For others, it’s advisable to conduct trades with a minimal deposit to fully simulate real trading conditions.
Application for PC and Smartphone
At the time of writing, the following methods were available for trading:
- Through the personal account version in any modern web browser
- Using mobile apps for iOS or Android, downloadable from official stores
- Via a Telegram bot. This service also provides real-time entry signals, making trading accessible even to complete beginners – success only requires following the recommendations precisely.
This broad range of channels virtually eliminates the risk of complete disconnection from the market.
Partner Program
Another passive income method (relatively independent of trading activity) is participating in the partner program. In Pocket Option, you do not need successful trading skills to earn profit. It’s enough to invite other traders to open accounts.
Once the referred trader begins active trading, the partner can earn up to 80% of their profit. By bringing in new participants, you can secure a steady income based on their activity.
Register in the partner program now
Popular directions for partners include:
- Commissions from the trading volume of attracted participants
- Bonuses for first deposits
- Commissions from the turnover generated by referrals
All participating partners are provided with necessary promotional materials and can find sub-affiliates.
Deposits and Withdrawals
For depositing and withdrawing funds, account owners are offered:
- Payments via international credit cards Visa, MasterCard, Union Pay, or Mir
- Transfers from electronic wallets Qiwi, YooMoney, Perfect Money, Jeton, or Pay Redeem
- Deposits via transactions in popular cryptocurrencies
Promotional codes providing additional benefits when depositing funds are available.
Withdrawals are processed through the same channels as deposits. When using electronic payments, withdrawal requests are handled promptly; the maximum transfer time, according to the website, is 3 business days.
Conclusion
After examining all the possibilities for profit with binaries offered by Pocket Option, it can be concluded that the company is a versatile broker suitable for a wide range of traders with different capital sizes, trading systems, and earning approaches.
