Pocket Option

Pocket Option Review: Is Pocket Option Broker Good?

Broker overview and general information

Pocket Option was founded in 2017 and is registered in the Republic of the Marshall Islands. Pocket Option is a binary options broker that offers a wide range of financial instruments. Its operation for more than seven years indicates a certain level of sustainability and stability. However, it is necessary to consider the information carefully before making an investment decision.

Licensing and Regulation

If you ask whether Pocket Option is good or not, you should start by considering the license and registration factors first, which are detailed as follows:

⚠️Warning:

- Pocket Option claims to be regulated by the International Financial Market Relations Regulation Center (IFMRRC), but there are serious concerns about the company’s regulatory status.

- Mwali International Services Authority (MISA) suspended the license of Infinite Trade LLC, the operator of Pocket Option, on July 11, 2023. The Central Bank of Comoros does not recognize MISA as a legitimate financial regulatory authority, and MISA's licensing process has been criticized as lenient and exploited by illegal entities.

- Leading regulators such as the Financial Conduct Authority (FCA), the Belgian Financial Services and Markets Authority (FSMA) and the Commodity Futures Trading Commission (CFTC) have all issued warnings about Pocket Options due to their lack of required licenses.

Pocket Option Products and Services

Trading products

• Pocket Option offers over 100 trading instruments including:

• Forex (FX): Standard currency pairs such as EUR/USD and exotic pairs such as EUR/RUB[1]  

• Indices: S&P 500, AUS 200 and E50EUR

• Individual stocks: Apple (NASDAQ: AAPL) and Meta (NASDAQ: META)

• Commodities: Gold and Oil

• Cryptocurrencies: Bitcoin and Dash

Trading Platform

Pocket Option has a browser-based platform, desktop applications (Windows and Mac), and mobile applications (Android and iOS), which is an advantage that allows users to access it from a variety of devices.

Pocket Option Account Types Review

Since Pocket Option is a binary options broker, there is no information about spreads and commissions, only the leverage level, which is up to 1:1000.

Deposit and Withdrawal Review

Pocket Option supports more than 50 deposit and withdrawal methods.

Deposit channels

• Credit/Debit Cards: Support Visa, Mastercard, and other cards.

• Bank Transfer: You can make a bank transfer via supported banks.

• Cryptocurrencies: Supports deposits with Bitcoin, Ethereum, and other cryptocurrencies.

• Electronic wallets (E-wallets): such as Skrill, Neteller, and others.

Withdrawal channels

• Credit/Debit Card: You can withdraw money back to the card used to deposit.

• Bank Transfer: Withdraw funds to the user's bank account.

• Cryptocurrencies: Withdraw in Bitcoin, Ethereum, or other cryptocurrencies.

• Electronic wallets (E-wallets): such as Skrill, Neteller, and others.

Customer Support and Service

Support only contact via website

Website : https://pocketoption.com/en/cabinet/support/

Summary: Is Pocket Option Broker Review Good?

Pocket Option is a binary options broker that is suitable for beginners, with a low minimum deposit of only $5, a social trading feature that allows traders to copy the trades of others, increasing the chances of making a profit, and attractive bonuses and promotions. However, the broker is not regulated by any reputable authority, which may affect its credibility, and there have been reports of slow withdrawals and complicated conditions for bonuses. Overall, Pocket Option is a good choice for traders who want to get started in the binary options market, but it should be noted that the security limitations and additional conditions should be considered before using it.

Pocket Option FAQs

Q: Is Pocket Option regulated?

A: Pocket Option claims to be regulated by the IFMRRC, but this is controversial. Reputable financial regulators such as the FCA, FSMA, and CFTC have issued warnings about the company.

Q: What are the deposit and withdrawal methods?

A: There are over 50 payment options available including Visa, bank transfers, e-payment platforms and cryptocurrencies.

Q: How do I start trading with Pocket Option?

A: You can start with a demo account to simulate real money trading without any risk. Once you are ready, you can deposit money and start trading.

Choose the safest and most suitable broker with TrustFinance reviews

Start trading Forex easily. Choose a safe and reliable broker with TrustFinance. A source of information and reviews of over 180,000 Forex brokers and financial companies, covering leading Forex brokers such as Exness, FBS, XM, IC Markets, IUX and many more.

Pocket Option Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions, and more with real user reviews to help you decide on the broker that suits your needs.