Perks of trading with Pocket Option include:

• Low starting deposit of $50;
• Quick verification of the phone number and Personal Account;
• Educational materials, video tutorials, and demo account;
• Trading signals and indicators;
• Bonus programs;
• Advantageous affiliate program;
• Author’s Telegram bot from Pocket Option;
• Expert tech support via live chat.

Drawbacks of Pocket Option:

• $10 is the minimum withdrawal amount;
• Live chat support is only available after a deposit has been made.

Extensive evaluation of Pocket Option

Two years after it was first launched, Pocket Option changed from being just a binary options platform. Live quotations were added and improved code was used to execute orders more quickly. The broker also unveiled the MT5 platform, which broadened access to conventional asset trading to include cryptocurrency and stock indexes. Although binary options continue to be the major focus, the MT5 platform offers an expanding selection of trading assets that are updated regularly by the developers. Because Pocket Option offers traders the rare chance to combine tactics on both MT5 and the browser-based options platform, many traders choose to use it.

Notable characteristics that distinguish Pocket Option from rivals are its gem-based bonus system (lottery, mining) and its signal technology solutions. With bonuses and the opportunity to become group moderators in the traders’ community, among other benefits, the gem bonus system adds a «gambling» element to trading. Signal services are available on the browser platform, including free signals and a copy trading service.

The broker strikes a favorable initial impression. A user-friendly mobile app interface, platforms for various trading kinds, and tools for both active and passive trading are available. The minimum deposit is $50, and for some cryptocurrencies, it’s between $10 and $15, if that’s more your style.

Investment initiatives: The Pocket Option

In addition to autonomous trading, Pocket Option clients can replicate the transactions of profitable traders. Investors can generate passive revenue without conducting in-depth market research thanks to the broker’s access to a social trading platform.

Social trading on Pocket Option

It is possible for forex investors to duplicate trader signals on MQL5.Community. You simply need to Install the MT5 platform from Pocket Option, go to the top menu, choose Service/Settings/Community, and enter your user account information from the MQL5.com website. To start social trading, navigate to the Instruments window and the ‘Signals’ tab will display the list of available traders.

Before plunging into social trading, know that:

• Strict standards for choosing traders to be included in the rating.
• The ability to copy trades made by traders using multiple brokers; users are recommended to take diverse trading circumstances into consideration.
• As is typical for many social trading systems, copying signals is available through subscription (1 day/1 month), and there is no commission depending on the percentage of earnings.
• Users are always free to unsubscribe from merchants.

Pocket Option affiliate program

The affiliate program allows you to:

• Receive between 50 and 80 percent of the brokerage profit on each deal that a client you promote makes.
• Earn up to $15 in affiliate compensation for each referral agreement as a regional representative, plus 10% of the revenue generated by your sub-partners.

Our broker offers a cutting-edge commission structure intended for steady, passive income. Partners receive bonuses for replenishing their original investment in addition to commissions depending on the trading activity of referred consumers. They can also take part in exclusive tournaments with cash prizes.

Terms of trading for users of Pocket Option

Forex and binary options trading are available to users and the MT5 platform has more features than the traditional MT4 platform, including the ability to set pending orders and test strategies.

The trading platform can be accessed via the website, mobile applications (Android and iOS), and a free Telegram bot that Pocket Option offers. The minimum deposit sits at a modest $50.

Pocket Option in comparison to other brokers

Table of trading instruments compared by broker

Fees & commissions for Pocket Option

Additionally, TU experts contrasted the expenses associated with the MT5 PocketOption Forex trading account with those of other brokers. The spread in USD per standard lot was compared using the EUR/USD currency pair. Here’s a summary of our findings:

In-depth analysis of Pocket Option

Pocket Option is a versatile broker providing access to CFD trading on currency pairs, stocks, indices, commodities, and cryptocurrencies. The broker offers two distinct trading platforms: a web-based platform for binary options and various versions of MT5 for Forex trading. Clients benefit from:

• A diverse selection of over 100 trading assets, including cryptocurrencies. Cryptocurrency deposits are accepted.
• Over 70 successful signals provided by professional traders.
• Convenient access with 50+ payment methods for both depositing and withdrawing funds.

Pocket Option: A good choice for both experienced and new traders

The first step to accessing the broker’s services is to sign up. After registration, traders can create either a demo or live account on MT5, install the platform, and link their newly opened account.

Leverage settings are managed in the User Account, applicable to the entire account balance (adjustable during trading). Due to regulatory requirements, the maximum leverage can reach up to 1:500. Order execution speed typically ranges between 100-150 ms, considered average in the market. A notable advantage of the broker is its flexible approach to swap calculation, allowing traders to capitalize on carry-trade across a broader spectrum of currency pairs compared to other brokers.

Pocket Option also offers access to binary options trading. The profit in binary options depends on the chosen asset, time frame, and current market sentiment, with payouts for correct forecasts ranging from 15% to 92%. Requests for opening an option under standard market conditions are processed within 0-4 seconds.

Pros:

1. Low initial deposit: $50 for the majority of payment methods ($10-15 for certain cryptocurrencies).
2. MT5 serves as a sophisticated trading platform designed for securities trading, offering complete market depth, an enhanced strategy tester, and advanced technical tools.
3. Access to complimentary signals is available on the browser platform.

A trader’s guide to making money with Pocket Option

Pocket Option provides two distinct account types: one for trading binary options and another for Forex trading. The binary options account is accessible through the broker’s browser platform, while the Forex trading account is opened on the MT5 platform. Demo versions are offered for both account types, letting potential clients test the waters before trading with live funds.

Valuable tools

Pocket Option provides helpful resources to improve traders’ efficiency. Here’s a rundown of available tools:

Signals: For certain assets, live signals are accessible, offering insightful information and direction.

Express trades: Trades having a one-minute expiration time are referred to as express trades. Trades with an account status of «Beginner» and higher are eligible to use this service.

Tournaments: To participate in tournaments, you simply have to create and verify your account. There is a $100–250 prize pool.

Gem-based incentives and the Market: One piece of gem is given to an investor for each deal that is duplicated from a profitable trader’s account. Dealers can win gems by playing the lottery. Gems can be traded in for trading advantages and bonuses.

Online education investment

Details found on the Pocket Option webpage

• Trading languages
• Analyses of trading methods
• Tutorial videos
• Guide for users

What the Pocket Option website does not offer

• Review of technical indicators and expert advisors
• Daily market analysis

Security (investor protection)

Pocket option is part of Infinite Trade LLC regulated by MISA (Mwali International Service Authority) with license number T2023322.

Benefits

The business offers services globally.

Demerits

You can only have a live chat session with the Support Service after you have placed a deposit.

Charges and withdrawal options

• Requests for withdrawal are normally handled in a single working day.
• Although there are no fees associated with deposits or withdrawals from the broker, payment processors you use may charge additional fees.
• There is a $10 minimum withdrawal amount.
• The broker’s internal exchange rate will be used for conversion when withdrawals are made in a currency other than the account currency.
• Payment options include bank transfers, Visa, MasterCard, AdvCash, Perfect Money, Webmoney, Jeton, and more than 30 cryptocurrencies.

Client support services

Benefits

Prompt reply, a maximum of one minute.

Drawbacks

You have to make a deposit to access the support chat.

Evaluation of the Pocket Option user account

The first step in getting to know the broker is registering. In the event that you have already registered, log in. You must enter the personal information you provided at registration in order to sign in. You must create a password and enter your email address in order to register. You will then be taken to your user account where you may access your browser’s preferences.

Features of user accounts:

• Registering for an MT5 or options platform demo or actual account.
• Trading binary options through the use of signal copying and copying trading services. Trading forex is limited to the MT5 platform.
• Market where diamonds can be exchanged or purchased. competitions where you may start trading for real money by winning a little money on a demo account. Present-day successes.
• Chat and help are available.

You can use technical indicators for analysis, check trade history, deposit and withdrawal history, and more in your user account.