Pocket Option is a broker that specializes in binary options trading. This is a type of instrument that allows you to bet on the rise or fall of markets with profitability depending on the final result. The company itself is owned by Gembell Limited, legally registered in the Marshall Islands.
The license of the “parent” company is the same offshore as the registration: it was issued by the IFMRRC. One has only to enter this abbreviation into the search engine, as it becomes clear that the broker’s documentation has no value:
From the outside, pocketoption.com is quite attractive. It is easy to navigate and you can immediately get all the important information for review. Opening a trading account on it is also quite simple. True, it is likely that Pocket Option does not provide services in your country of residence, if it is on this list: United States, Nigeria, New Zealand, Malaysia. Brokerage activity for him is also prohibited throughout the Euroregion. The only thing that residents of these states can do without violating the laws is to test the Pocket Option demo account.
Operating conditions analysis
At the moment, we already know for sure that the broker is not regulated by any real supervisory authority in the world. Collaboration with him is now not even worth considering. But you can analyze the proposals.
So, the initial deposit for the company’s clients is $50. This is an adequate amount that does not force the player to take risks.
The choice of instruments is impressively wide: currencies, cryptocurrencies, indices, stocks and raw materials in the form of binary options. Despite the fact that this type of asset is associated with an increased risk of losing investments, Pocket Option assures users of its effectiveness up to 97%.
Terms of execution of contracts are also varied: from a minute to 4 hours. There are no commissions for depositing and withdrawing funds. The broker indicated a minimum withdrawal amount of $10.
Variety of account types
Like other brokerage companies, Pocket Option has tariff plans with clearly defined trading conditions. Briefly, they look like this:
- Beginner – entry from $50;
- Beginner – entry from $100;
- Experienced – entry from $1000;
- Master – entry $5000;
- Professional – entry from $15,000;
- Guru – entry from $50,000.
Other than the amount of the required deposit, nothing else is known about these packages. Neither leverage, nor swaps, nor commissions are disclosed by the company until the moment of registration.
But you can learn quite a lot about the broker’s bonus program. So, replenishment of the balance gives the merchant a chance to get 100% cashback, and each transaction is returned to the account in the amount of up to 10%.
The terminal for transactions on pocketoption.com is indicated as a PRO level. In it, according to the company we are reviewing, there are scalable quote charts in normal and full screen modes, trading signals, a statistical indicator, transaction details, candles, bars, and much more.
The ITTrendex platform looks like this:
The development is not the intellectual property of Pocket Option.
Reviews about the work of the company
Users do not agree on who the broker is – a high-class intermediary or a scam. The comments on the forums about him are very different:
To be honest, our experts also had doubts about the broker. On the one hand, there is still something attractive in the work of Pocket Option, and on the other hand, it is an illegal immigrant with the most closed conditions and an ambiguous reputation. Out of harm’s way, we advise you to find another financial intermediary.