Pocket Option ReviewPocket Option, owned by Gembell Limited, emerged in the world of binary options trading in 2017 and has since made a splash in the market. Based in the Marshall Islands, the International Financial Market Relations Regulation Center (IFMRRC) regulates this broker.
While binary options trading often gets a bad reputation because of the high risk involved, Pocket Option is one of the most reliable brokers in the industry. Creating an account is easy, and the platform works well for both new and experienced traders.
With over 100 assets available to trade and plenty of payment methods to accommodate international investors, Pocket Option offers trade opportunities to thousands of people worldwide. This Pocket Option review will help you decide whether you want to be one of them, as we go over the types of accounts you can get, their assets, and other special features on their platform.
Broker Name: Pocket Option
Location: Marshall Islands
Regulation: IFMRRC
Trading Platform: Web, Windows, iOS, Android,
Trade Types: High/Low and Turbo
Payouts: 128% Max
Mobile Trading:Yes
Number of Assets:100+
Demo Account:Yes
Payment Methods:50+ Different Payment Methods
Minimum Deposit:$50
Minimum Trade:$1
Bonus:50% Welcome Bonus
USA Traders:Accepted
Trade Types
As with their accounts, Pocket Option offers one trade type. However, the one they offer is the quickest way to get an impressive payout.
Pocket Option makes trading simple with high/low options, which is the most straightforward of all binary options trading types. All you have to do is set a time limit for yourself and predict whether the asset price at the end of the time will be higher or binary options lower than it was when you started the clock.
High/low options make for a near-instantaneous payout, ideal for traders looking to make some quick money. If you're unfamiliar with how binary options work, high/low options can help you develop your technique with short time limits. You can set your time at a minimum of 60 seconds. If you like to play the long game, you can set the expiry for up to four hours.
Bonuses and PromosWhen you open a live account with Pocket Option, they'll give you a 50% deposit bonus on your starting investment. The more you deposit as your starting investment, the higher that 50 percent bonus will be.
The catch is that you can't withdraw the bonus before you start trading. Since some investors might get the idea that they can sign up just to withdraw that bonus along with their initial investment, Pocket Option mandates that you need to participate in the trading market first. After you reach their specified level of trades, then you can withdraw the bonus.
Assets features
With over 130 assets, Pocket Option has an astounding selection. Those assets are broken up over five categories:Forex
Indices
Stocks
Cryptocurrency
Commodities
As a newer broker, Pocket Option entered the binary options market with many of the most popular assets, including cryptocurrencies like Bitcoin and Ethereum. Other brokers have left these out of their asset lists, which excludes a broad demographic of tech-savvy traders.On the Pocket Option website, you'll find their trading schedule, which lists the assets currently being traded, as well as the payout percentage for each. The schedule also shows general and OTC assets and the work time for each.