Pocket Option

Payout

92%

Expiry Times

5 seconds - 4 hours

Bonus

50% Deposit Bonus

Demo Account

Min. Trade

Min. Deposit

$50

Visit Broker

United States accepted.

Pocket Option is a binary options broker that you can use to gain exposure to over 100 different underlying assets and products, including stocks, indices, commodities, forex and cryptocurrency.

You will not pay commissions on your binary options trading here, and there are no deposit or withdrawal fees charged by this broker.

Just like many other brokers specializing in binary options, Pocket Option is not regulated and licensed by any of the top-tier authorities and does not offer negative balance protection for retail clients.

Account types

Pocket Option only offers one account type for real-money trading, so you do not have to worry about picking the optimal account for your trading style or having a big enough bankroll to qualify for the account type you prefer. With that said, some more experienced traders dislike not being able to select an account type more specifically designed for their specific trading style or trading level.

Special Account Types

Ethical Investments Account: No

Islamic / Muslim / Sharia / Halal Account: No

ECN Account: No

Demat Account: No

DMA Account: No

LAMM Account: No

MAM Account: No

PAMM Account: No

STP Account: No

Open a free Demo Account

A great way of getting to know Pocket Option is to open a free Demo Account. You do not need to make a first deposit to sign-up for a free Demo Account, and it will come filled with $10,000 in play-money.

With your play-money, you can make play-money trades, learn how the platform works and see if you like what Pocket Option has to offer. It is also a great way to see which platform or platforms you prefer to use.

A Demo Account is also very useful when it comes to testing out trading strategies and learn how various features on the platforms work, without risking a penny in the process. It is a fun way of learning on-the-go instead of reading through manuals.

If you lose your $10,000 play-money, don´t worry. Just contact the customer support and ask them for a refill. Unlike some other brokers, Pocket Option are not stingy with their play-money.

Trading

Binary options are available with an expiry time from 5 seconds to 4 hours here. This is not an optimal broker if you want binary options with long expiry times, since their focus is on short-lived binary options.

Ladder binary options and boundary binary options are not available.

Pocket Option does not charge a commission on binary options trading. As always, make sure you take everything into account when you compare Pocket Option to other brokers, as all payouts and costs matter. (For instance, Pocket Option does not charge deposit fees, transaction fees or inactivity fees. Some brokers offer higher payouts for certain underlying assets, but hit your bottom line with a bunch of extra fees instead.)

The highest payouts at Pocket Option are typically associated with binary options based on stocks, e.g. 92% for Apple OTC and McDonald’s OTC. Binary options on the biggest major currency pairs can have payouts in the 85-89% range, while other pairs tend to come with significantly lower payouts. Always check the payout for the specific binary option you are interested in before you make any decision, as these are just examples to give you an idea of the range.

Underlyings

The four main categories for underlyings at Pocket Option are stocks, forex, cryptocurrencies and commodities.

If you want to gain exposure to foreign exchange currencies, there are over 30 forex pairs to chose from, including both major pairs, minor pairs and some exotics.
For stock price speculation, company shares in many well-known and exchange-traded companies are available, e.g. Apple, Facebook and Boeing. There is a fairly strong focus on companies listed on United States stock exchanges. With a Pocket Option account, you can speculate on the price fluctuations of company shares without actually having to purchase, own and sell any shares. This also makes it easy to speculate in falling markets without having to carry out risky short selling transactions.
Examples of available stock indices are CAC 40 (France), DAX GER 40, DJIA, FTSE UK, IBEX 35, and S&P 500.
Over 30 different cryptocurrencies are available for speculation with Pocket Option, including everything from famous cryptocoins like Bitcoin, Bitcoin Cash and Ether (Ethereum) to more novel offers such as Chainlink (LINK).
The assortment of commodities is chiefly focused on energies and metals. You can for instance speculate on silver, gold, palladium, platinum, natural gas, UKBrent oil (North Sea crude oil) and USCrude oil (Western Texas crude oil).

Trading platforms

With a Pocker Option Account, you get access to three trading platforms: MetaTrader 4 (MT4, MetaTrader 4 (MT5) and Pocket Options proprietary trading platform.

MetaTrader 4 and MetaTrader 5 are two independent third-party trading platforms utilized by a wide range of brokers. Many traders know how to use them, and like the fact that they can switch broker (or get a second broker) without having to learn a new platform.

MT4 is mostly focused on forex, while the MT5 was developed for a wider range of instruments. Both come with tools for charting and technical analysis, but the MT5 has a somewhat bigger “tool box” in this regard.

Both MT4 and the MT5 have flexible API support and traders can integrate robots for automated trading if they want to. Using copy trading tools and trading-signal services are not difficult with these platforms.

Both MT4 and MT5 are available both for download and for use directly in the internet browser window.

Pocket Options proprietary platform

The proprietary Pocket Option platform is only used by traders with a Pocket Option account. It can not be downloaded and installed on your computer; you can only access it in the browser window. It is not as complex and feature-rich as the MetaTrader platforms, which can be a drawback for more advanced traders, but there are many novice traders who prefer the less over-whelming feel of this platform. It comes with all the standard order types, use can use customized indicators and getting started trading binary options on this platform is very easy.

You can not turn on two-factor authentication for this trading platform.

Also, you can not set price alerts or notifications.

Trading on mobile devices

You can use your Pocket Option account to trade on touch-screen smartphones and tablets. It is better to download and install a mobile app instead of trying to do it in the browser window of you device. Make sure you download the right app, since an iOS app will not work on an Android device and vice versa.

Pocket Option has developed its own proprietary mobile app, and you will also get access to the MT4 mobile app and the MT5 mobile app. All of them are available for both Android and iOS mobile devices.

Trading hours

Pocket Option follows the trading hours of the underlying assets, so exactly what is available will vary. There is always something there to trade, 24/7.

The main forex session runs from 21:00 UTC Sunday evening to 21:00 UTC Friday evening. Outside of that, you will still have the ability to speculate on the price movements of over-the-counter (OTC) traded assets, and it is for instance possible to gain exposure to EUR/USD even outside the main forex session.

Cryptocurrencies do not have market sessions and speculating on them is therefore possible 24/7.

Leverage

The maximum leverage at Pocket Option is 1:1000.

Using leverage adds another level of risk to your trading, so make sure you know exactly what you are doing and how it works before you make any decisions.

Pocket Option is not regulated or licensed by any authority that require them to give retail traders negative balance protection.

Social trading

The social trading feature allows you to view and track other traders´s trading and strategies.

Deposits and withdrawals

The minimum deposit is 50 USD, which is a bit higher than what some of the competitors are requiring. The minimum withdrawal is just 10 USD.

Pocket Option does not charge deposits fees or withdrawal fees.

Examples of accepted transaction methods:

Major debit/credit cards, such as VISA, MasterCard and Maestro
Bank transfer
Wire transfer
Western Union
Crypto payments: Bitcoin Payments and Ethereum Payments
ADVcash
Cashu
Doku Wallet
FasaPay
GlobePay
JCB Card
Neteller
PayRedeem
Perfect Money
QIWI
Skrill
Sofort
WebMoney
Western Union
Yandex Money

Account currency

The only possible account currency is the United States dollar (USD).

Customer service

The live chat on the Pocket Option site is open 24/7.

For phone support, call +1 (800) 982 1251. Please note that this is a United States 800 toll-free number and it may not work properly (nor be free of charge) when calling from outside the United States.

Another, but slower, option to reach the support is to fill out the email contact form on the site and wait for a reply, or send an email directly to support@pocketoption.com.

Bonuses and other promotions

Welcome bonus

The standard welcome bonus at Pocket Option is a 50% welcome bonus on your first deposit.

Example: Deposit $50 and get a $25 welcome bonus.

The bonus comes with terms and conditions, including a trading requirement, so make sure you understand how it works before you accept it.

Promo code bonuses

Pocket Option frequently have promotional campaigns where you can use a special promo code to get a deposit bonus or no-deposit bonus. The no-deposit bonus is typically only available as a special welcome bonus and that code can not be used by existing clients.

Just like the standard welcome bonus, the promo code bonuses comes with terms and conditions, including a trading requirement.

Tournaments

Pocket Option arranges tournaments where you can compete against other traders for prizes. Through the tournaments, you can earn Achievements Awards which can be displayed to show off your achievements to other traders. Earning achievements can also result in better pay-outs and other perks.

Gems

Traders that participate in Gem events have a chance of being rewarded with “gems”. There are blue, red and green gems. They are a type of award chiefly tied to activities that take place over the weekends. Gems can be exchanged for gifts and trading benefits. Contact the Pocket Option customer support for more information.

About Pocket Option and Gembell Limited

Pocket Option is available in just below one hundred countries across the globe. At the time of writing, it has around 20,000 daily active users and a trading turnover exceeding $500 million.

Founded in 2017, it is owned by the company Gembell Limited and headquartered in the Republic of the Marshall Islands. This is a small Pacific Ocean island country located slightly west of the international date line in the Micronesia region.

The Marshall Islands is not considered top-tier when it comes to retail trader protection.

Pocket Option is a member of the International Financial Market Relations Regulation Centre (IFMRRC). This is not an official regulator or license provider.

Pocket Option does not give you negative balance protection when using leverage or similar.

Questions and answers

What is the smallest possible trade?

The smallest possible trade with Pocket Option is just $1. You need to make a deposit of at least $50 to start doing real-money trades with Pocket Option, but you can keep each individual trade as small as $1 if you want to.