Pocket Option is one of the most versatile and rapidly evolving trading options for an innovative experience. Founded by FinTech and IT specialists, Pocket Option aims to make market trading accessible and fun. From unique options such as social trading and trading tournaments to supporting over a hundred trading assets, there’s much to explore. That’s what we aim to do with our Pocket Option review.
About Pocket Option
Pocket Option first appeared in 2017 and it has rapidly evolved in each year of its operation, adding a mobile app in 2018, and social trading in 2019. Today, it has over ten million registered users, and regularly turns over $500,000,000. Each trader typically generates over $850 a month with the platform.
Run by Infinite Trade LLC, Pocket Option operates in over 95 countries and regions, although it doesn’t currently offer its services to those in the EEA, Israel, Japan, the UK or USA. Registered in San Jose, Costa Rica, Pocket Option is regulated out of the Comoros.
Pocket Option aims to promote trending according to the latest trends, offering express digital trading, pending orders, trades copying, and FOREX MT5 trading. While this may seem complicated for beginners, the trading platform offers a dedicated help section, which includes tutorials, guides and various trading strategies which make getting involved simpler for beginners.
If you’re considering trading using Pocket Option, even as a pro, you may be interested in its original demo software. This allows you to tinker with $50,000 in virtual money, giving you no risk practice and a learning curve for the software before you start trading with real funds.
Pocket Option has a vibrant community around it, with social media platforms including Facebook, Telegram, Instagram, X, YouTube, Discord and Tik-Tok all featuring assistance and advice. You can also rely on Pocket Option support by opening a ticket using the software. The support team responds rather promptly, while a hotline is available for urgent assistance when using Pocket Option.
Assets
Pocket Option supports trading on over a hundred global assets, ranging from currencies to commodities, stocks and more. Resources to help you navigate the top-tier trades include popular indicators and signals.
What can you actually trade, though? Pocket Option supports the following assets:
FIAT Currencies: The trading platform supports currency trading between most major FIAT options, including Australian dollars, British pound sterling, Canadian dollars, euros, Indian rupees, Japanese yen, New Zealand dollars, Norwegian krone, Swiss francs, Thai baht, and US dollars. Other options are supported, though.
Stocks: Most of the major companies in the world are featured as assets at Pocket Option. Amazon, Apple, Facebook, Microsoft, Netflix and VISA are the obvious ones. Others include Alibaba, American Express, Cisco, Citigroup, ExxonMobil, FedEx, Intel, Johnson & Johnson, McDonald’s, Pfizer, Tesla, and X (Twitter).
Commodities: Trading in commodities is also an option. Of course, Brent Oil, Gold and WTI Crude are the frontrunners here, but Natural Gas, Palladium, Platinum and Silver are alternatives.
Cryptocurrencies: Cryptocurrency trading is also supported at Pocket Option. The platform supports dozens of possibilities, including Avalanche, Binance Coin, Bitcoin, Bitcoin Cash, Cardano, ChainLink, Dogecoin, Ethereum, Litecoin, Polkadot, Polygon, Solana, and Toncoin.
Indices: You can also engage in index funds trading; buying shares in stock indices is possible using the US100, E35EUR, SP500, CAC40, and the SMI20 index, alongside several OTC indices.
Added in 2019, Pocket Option also supported social trading. This is a more bespoke, unique option amongst trading software platforms, making Pocket Option quite an appealing venture. With social trading, Pocket Option allows you to automatically copy the latest trades of the most successful traders on the platform. This is ideal for beginners seeking first time guidance. It is most definitely customisable, and to a large degree, adaptive, but for advanced users, it can also be scalable, so it’s a desirable option for pro traders as well as newbies.
Promotions Available
Pocket Option supports a handful of promotions to spice up your experience. Immediately upon opening an account with the brand, you’ll receive a deposit bonus. This is followed by bonuses on subsequent deposits.
First Deposit Bonus: Open an account with Pocket Option and make your first deposit to claim a 50% deposit bonus. The first deposit bonus requires a deposit worth $50 or more, and you’ll need to complete a trading volume of 50-100 times the bonus (excluding copy trading).
Deposit bonuses can be worth a percentage of the deposit amount or a fixed sum. Before claiming any Pocket Option bonus, though, be sure to check the minimum deposit requirement, as it may vary. Deposit bonuses at Pocket Option are often time-limited, too. There may also be specific terms and conditions on where the bonus funds can be used.
Repeated Deposit Bonuses: Subsequent deposits can be met with additional 50%-to-100% bonuses. These require promo codes found inside your account and are purchased with Gems.
Opening an account with Pocket Option will give you into a unique loyalty system. This offers up promo codes for exclusive bonuses, while cashback can make for a more comfortable trading experience with minimal risks in place.
Cashback Bonuses: Pocket Option returns up to 10% of your trading losses automatically on the first day of each month. This option is only available to traders with losses. Cashback has a validity period of one year.
Alongside the bonuses already mentioned, Pocket Option is also home to trading tournaments, gifts, contests, and bespoke bonuses found in the Market section. Gems can be earned through trading activity, by completing achievements, copying trades, participating in social trading or by purchasing a mining license. Gems can be used to purchase promo codes, which, in turn, can be used to claim deposit bonuses on repeated deposits.
Before claiming any Pocket Option bonus, check the wagering requirements, time restrictions, withdrawal limits, activity eligibility, and other general bonus T&Cs. You should find these terms and conditions clearly visible.
Payments
Pocket Option supports over fifty established payment options, some tailored towards players from specific countries more than others. Naturally, we’re not going to list them all here, but here’s a quick run-down of the main payment options at your disposal when using Pocket Option’s software:
- Bank Transfers: A popular option, especially when processing sizable payments, the main options include regional banks, IMPS for Indian users, Revolut, SEPA for Europeans, Sofort and Wise.
- Cards: Pocket Option supports classic options including VISA and MasterCard, but you’ll also find PayMe, YooMoney and other bank cards supported.
- E-Payments: Classic e-wallets such as Skrill and Neteller are advantageous for smaller-scale transactions. However, they certainly aren’t the only options at your disposal. Regional options such as India’s UPI and Singapore’s FasaPay are one way to go, while other mainstream options include Jetonbank, Papara, Pix, Shopee, Volet and WebMoney.
- Mobile Payments: There are a few relatively unknown options in this group, but the main options include Expresso, M-Pesa, Orange and Vodacom. These aren’t ideal for withdrawing funds and in many cases, they are only suitable for smaller-scale deposits.
- Cryptocurrencies: Cryptocurrencies form the biggest bulk of payment options at Pocket Option. You can typically expect to use ApeCoin, Avalanche, Binance Coin, Binance Pay, Bitcoin, Bitcoin Cash, Cardano, ChainLink, Dai, Dogecoin, Dash, Ethereum, GatePay, Litecoin, Polkadot, Polygon, Ripple, Shiba Inu, Solana, Tether, Tron and USD Coin to process payments using cryptocurrencies.
Pocket Option supports $1 minimum trade amounts and $5 minimum investment limits. While there are sometimes restrictions on some withdrawals (based on the option you choose), these are listed in the Client Dashboard.
Withdrawal processing times can also vary based on your preferred method. You may use the same payment method for deposits and withdrawals and the same currency, to boot. Now, when it comes to timeframes with Pocket Option, these can vary somewhat wildly from a handful of seconds with some cryptocurrency options to a few days using e-wallets. Bank, card or wire transfers can take between three and a rather exaggerated forty-five business days. Again, it’s all variable, based on your decisions and choices.
Fees
Pocket Option features virtually no major fees. Pocket Option doesn’t apply trading commissions, and there are no fees for deposits or withdrawals. While a handful of non-trading fees may be applied, they are minimal compared to what you’d get from a run-of-the-mill broker. Additionally, the lack of inactivity fees is something that really appeals and helps set Pocket Option apart from some of its rivals.
Platforms
Pocket Option’s mobile platform first appeared in 2018, a year after the software went live. Unsurprisingly, it has since evolved to cover many different platforms. The web platform is one of the most popular, and you can expect to sign in and use that software with virtually any laptop or computer with a web browser.
There’s also a downloadable PC software package that is quite customisable. It is Windows 11-friendly but can also run smoothly on Windows 10, while that system is still supported by Microsoft.
App-based support is also available, with iOS and Android Pocket Option apps available via their respective stores, while a downloadable APK file (for Android users) is another way to go. All trading apps and software packages are provided for free, and offer a more streamlined approach to going about your business.
Regulation
Pocket Option isn’t licensed by a major regulator, such as SEC (UK), FCA (USA), Germany’s BaFin, Australia’s ASIC, or FINMA in Switzerland. Instead, Pocket Option supports an International IBC Regulation Act (2014) Brokerage License issued from the Autonomous Island of Mwali (Mohéli) in the Comoros. This license was issued to Infinite Trade LLC in San Jose, Costa Rica, and as far as we can tell, it is the real deal.
While Pocket Option has a transparent AML policy and a strict KYC procedure, these only ensure player protection from fraud and money laundering. A 2FA process ensures that nobody uses your account, but we’d like to see a more hands-on and robust regulator with their hand on the tiler at Pocket Option.
Pros & Cons
Pros
- Available in 95+ countries and regions
- Supports social and copy trading
- 100+ global assets are tradeable
- Offers a demo account for beginners
Cons
- Not available for US, EEA or UK users
- Its Comoros-issued license isn’t the strongest
FAQ
Is Pocket Option legit?
Yes. Pocket Option is licensed and regulated, even if it isn’t the strongest authority issuing the license. Pocket Option certainly has most of the elements we want to see in a trusted trading software, so it’s legitimate.
What is the bonus for joining Pocket Option?
Pocket Option offers you a 50% bonus on your first deposit. You can gain additional bonuses of 50% up to 100% on subsequent deposits. The trading volume (wagering requirements) on that initial bonus is set to 50-100x.
Can I trust Pocket Option?
Pocket Option may not have the strongest license or regulation, but we didn’t find anything untoward in its service. Our professional opinion is that Pocket Option is a trustworthy partner and brand.
How does the Pocket Option demo work?
In a bid to help new traders learn the ropes, Pocket Option supports a demo account. Here, you can try trading in virtual funds with $50,000 in capital. You can then move on to real money trading when you’re comfortable or when your virtual balance runs out.
Is Pocket Option ideal for beginners?
We think so. Pocket Option makes it a doddle for anyone to get involved in MT5 trading, has zero commission, a demo version, a wealth of tools for beginners, and plenty of tutorials and guides. You can’t ask for a much better start for new traders than that.