Choosing areliable binary options broker is one of themost challenging tasks in themodern trading world. The main difficulty in this matter lies in the presence of many outright fraudulent companies on the market, whose primary goal is to extract as much money as possible from inexperienced traders rather than help them earn from one of the most profitable stock sectors.
In this article, we willlook atthereviews ofPocket Option, one of themost well-known and respected companies among binary traders, which are publicly available. Thereviews from real people willhelp thereader form anobjective opinion about whether trading on Pocket Option with digital contracts isascam or not. All the informationprovided istaken from reputable forums, where each feedback undergoes preliminary moderation, so theappearance ofblatantly commissioned and biased opinions isexcluded.
Analysis by Formal Criteria
Often, in many similar materials, theanalysis oftheinner workings ofany financial intermediary begins with examining the basics of its legal operation and the absence of signs of fraudulent schemes. With Pocket Option, everything is in perfect order. The site has been successfully operating since 2016, and at the time of writing, more than half a year remained before the hosting expiration.
Pocket Option was founded in 2017 with the goal of providing ordinary clients with the opportunity to earn on the binary options market. The main legal entity is registered offshore in the Marshall Islands, but Russian traders have nothing to worry about – the broker is licensed by CROFR. Since separate licenses for binary market participants are not provided in the jurisdictions of many modern countries, the presence of a voluntary certificate may indicate that the company’s main priority is to meet the highest standards of quality for its segment. How well the characteristics claimed on the official website correspond to reality will be revealed further from recent reviews of trading here.
What Clients Say
The author of the very first real review points out the most urgent problem for many who have chosen a career as a binary trader. The issue is the difficult choice of a reliable intermediary. As correctly noted in the feedback, professional scammers put in considerable effort to make their advertised resources credible.
Often, distinguishing scammers from honest participants can only be achieved by studying enough publications or receiving recommendations from an experienced colleague. This is exactly what our considered author did. After receiving positive feedback, he sensibly started trading on a demo account (detailed information about this feature is provided at the link). This mode is perfect for beginners and allows mastering a new trading platform, as well as acquiring initial skills in conducting trading operations. When the profit dynamics turn positive, you can deposit funds into your personal account and start trading with real money, with the minimum deposit starting from only $50. Although all opinions about Pocket Option boil down to the dry phrase “trading, I like it,” the absence of negative factors allows us to consider the company highly suitable for beginners.
Next, we can consider the opinion of another novice. Among its main drawbacks, it notes the lack of educational materials on the trading platform. This can be disagreed with – when entering the trading interface, the client can access the user manual from the main menu. Here, although quite briefly, all the offered features for trading and the nuances of executing binary options deals are described. This asset differs from classic stock instruments, but offers, unlike them, a significant advantage – the ability to earn high returns within a limited time interval.
It should be noted that providing access to educational processes is not practiced by the majority of brokers, and having even such a brief section can be considered an advantage. Trading is an active process, so the provided theory will be quite enough to ensure a starting set of knowledge. The rest of the experience should be honed through practice, as profits are generated by market-active actions.
Many trading companies, not only in the binary section, have faced problems serving Russian clients after sanctions introduced by European and American regulators. As noted in the next review of Pocket Option, this only affected the company in the form of reducing the number of available withdrawal methods. In all other respects, the firm has honorably adapted to the restrictions mode, continuing to offer Russian traders the highest quality service and a set of services that allow earning intra-day.
The company continues to fulfill all its obligations, and this is its main difference from other platforms that have reduced or completely limited the set of services provided to Russians.
In addition to independent income, publicly available information about Pocket Option Robot can be found, and reviews about it also inspire confidence. Although many of them were written several years ago, traders still earn using this automated algorithm. By setting rules and restrictions for executing deals, a trader can save personal time. However, letting things take their course is strictly not recommended, and many negative opinions are related precisely to the fact that the algorithm was allowed to manage the account without sufficient control.
Besides the above-mentioned limitations, it should not be forgotten that the development itself is not a product of Pocket Option, but a third-party software complex with associated risks of providing access to the deposit to third parties.
Binary options are a digital investment product, and since there is no centralized issuer at its core, only the market determines the development of quotes and additional earning tools. In this regard, Pocket Option is a company with the broadest set of additional means not only to increase the deposit balance but also to reduce losses. We are talking about the internal market.
Here, you can earn crystals, which can later be used to perform certain actions – cancel losing trades or reduce the number of lost points, and accordingly, the money. Crystals can be purchased, earned for certain activities, won, or mined. All offered tools are described in detail in the reference material, and clients who have used them evaluate their prospects as “excellent,” which the author of the next feedback fully agrees with. The presence of bonuses is also mentioned as a fourth advantage in the list of others. The first three are prompt withdrawal of funds, compliance of provided quotes with global standards, and a user-friendly trading application design. The broker allows trading via web interface as well as from a mobile phone screen, leaving the trader full control over the market.
The next client’s review confirms the absence of problems with profit withdrawal. Besides praise for the promptness in deducting profits, it notes the procedure of passing identity verification. All new account holders at Pocket Option are recommended to use the registration instructions (located here) and subsequent identity verification, which will remove all possible financial restrictions on withdrawal and help avoid delays in receiving honestly earned profits from the market.
Let’s conclude the review with an opinion that, besides the previously mentioned absence of problems with withdrawing money from the deposit, also mentions the support service positively. Timely qualified assistance, especially with binaries where expiration can be measured in seconds, means maintaining a positive trading account balance and quickly resolving issues if they arise.
The trader rightly provides their ID – an internal chat operates successfully on the platform, and clients can freely communicate with colleagues on any topics. Often, experienced traders invite beginners to communicate and share invaluable moments of experience for profitable work in this financial sector by indicating their ID.
Conclusion
Based on the information presented in this article, the reader can conclude that Pocket Option is a stable broker suitable for both beginners and experienced investors.
