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Pocket Option is a regulated binary options broker known for its great variety of tradable instruments, low minimum deposit and fast account opening. Their trading platform is a great fit for options traders from at all levels. Pocket Option is regulated by the International Financial Markets Relations Center (IFMRRC) and is allowed to users from UAE.
Their trading platform is intuitive and easy to use, account opening is fast and simple. Users can buy and sell options on more than 130 different assets including stocks, currency pairs, cryptos and fund their account using a wide variety of payment methods. The minimum trading size is $1.
Their services are available to customers from 110 countries including customers from UAE. Customer service is responsive and available in Arabic language. Pocket Option is ranking Nr 1. on our list of the best trading platforms for options trading.
Page Summary
Pocket Options Key Takeaways:
- 150 + different markets
- 0% platform fees and no hidden fees
- Trading “on the go” with the Pocket Option Mobile App
- Low minimum deposit
- Demo account with $10.000 in virtual money
Pocket Option Trading Methods
Pocket Option offers binary options trading on 130 different asset classes. They are an options broker only offering high/low options or vanilla options. Users choose a timeframe and bet on the fact if a price will rise or fall at the end of the timeframe.
The term binary refers to the all-or-nothing payouts of the financial instrument. You either lose your investment if your prediction is wrong or ”win” and receive a payout.
Payouts
Pocketoption has above average payouts. The higher the payouts, the more a user can profit from making the right predictions.
The lowest payout is 50%, whilst the usual payouts are between 80% and 100%. The highest payout percentage is 218%.Pocket Option only offers high/low binary options trading and has no ladder or pair options available.
Bonuses and Promotions
Pocket Option hands out a 50% bonus once you open a new account and deposit funds. You only receive this welcome bonus once, so think of the height of your first deposit. It is impossible to open an account and then withdraw the bonus. The bonus only becomes withdrawable after you have traded the market for a while.
Demo Account
Pocket Option offers a demo account with a virtual balance of $10,000 to trade the markets with. You don’t need to sign up to get access to the demo. The demo is also handy for experienced traders to get to know the PO trading platform.
Pocket Option Mobile App
Pocket Option has both a desktop PC version and a mobile binary options trading app. The mobil app is available on both Android and iOS devices. This allows traders to trade binary options on the go, wherever they are. They offer a MetaTrader 4 and MetaTrader 5 iOS and Android app.
The mobile app has the same features as the desktop trading platform. You can deposit and withdraw money from within the app. The mobile interface is intuitive and responsive. This means all charts and buttons will adjust to the screen size of your device.
The mobile app is available on all iOS devices with iOS 11.0 or later and Android devices with Android 4.4 or later.
Assets Available on Pocket Option
Traders can trade binary options on over 130 assets on Pocketoption. The assets include:
– Stocks
– Cryptocurrencies
– Forex Pairs (best forex options brokers)
– Indices
– Commodities
All assets have different payout percentages. You can check these here.
Deposits and Withdrawals
Pocket Option offers a wide variety of deposit methods to fund their trading accounts, including cryptos. Once you have set up your account and verified your identity, you can make your first deposit. The minimum deposit is $50. Deposit and withdrawal option include:
– MasterCard
– Visa
– VLoad
– WebMoney
– Bitcoin
– Litecoin
– Ethereum
– Stellar
– Tether
– Ripple XRP
– Jeton
– ADVcash
– Perfect Money
– Paxos
– Dai
– Zcash
– TrueUSD
– PAXOS Standard
– USDK
– USD Coin
The minimum withdrawal amount is $10.You can withdraw money for free the same way you have deposited it.Your bank or card issuer may charge currency conversion fees.
Trading Platform Features
The Pocket Option trading platform offers a wide range of tools and features compared to other options brokers. These include:
Signals and Indicators
Pocket Option provides users with signals and indicators to signal them potential lucrative trades. There are 30 different indicators available in total. The most popular indicators available are Accelerator Oscillator, CCI, ADX, Bollinger Bands, Moving Average, MACD, Momentum, RSI, and the Average True Range.
Pocketoption sends out trading signals via its Telegram Signal bot. You can manually place trades according to the signals or place them on auto-pilot.
Trading Tournaments
With the trading tournaments feature you can compete with other traders for prizes. When you reach the top rankings you will receive both prize money and one or more achievements.
Advanced Charting Features
Pocket Option offers a wide variety of advanced charting tools including lines, candles, bars, and Heiken Ashi. Timeframes can be set from 1 5 seconds to one day.
Achievements
You can earn badges by completing achievements. These badges are shown on your account profile so others can see how good you are as a trader. These achievements also net you trading advantages like higher percentage payouts, bonus trading money, and more.
Social Trading
The Social Trading tool is intuitive ans is handy for new traders. You can use this feature to ‘copy’ other traders and open the exact same trades as them. This allows you to tap into their knowledge and be just as profitable. You can see detailed stats and performance of traders including their number of deals, max. trade amount, max. profit, percentage of profitable deals. It is even possible to send messages to other traders.
MetaTrader 5 Compatibility
Users can choose to trade binary options via web trader or via MetaTrader 5. Trading binary options through MetaTrader 5 with allows you to use automated trading software and have access to technical analysis tools.
Commissions & Fees
Pocket Option doesn’t charge any hidden commissions and there are no hidden trading fees either. Depositing money into your trading account is free of charge. The only fees charges are when you withdraw funds via Perfect Money. In this case, they charge a 0,5% withdrawal fee.
Account Types
Account Types
| Account Type | Requirements | Benefits | Deposit Fee | Spread |
|---|---|---|---|---|
| Demo Account | Sign Up Required | Learn to trade with virtual cash | NO | NO |
| Novice Account | Less than AED 350 balance and maximum transactions amount of AED 3.650 | / | NO | NO |
| Beginner Account | AED 350 minimum balance | / | YES | NO |
| Experienced Account | AED 3650 minimum balance | profitability increment by 2% | NO | NO |
| Master Account | AED 18.370 minimum balance and maximum transaction amount of 7.350AED | profitability increment by 4% and priority withdrawals | NO | NO |
| Professional Account | AED 55.000 balance and maximum transaction amount of AED 11.000 | profitability increment by 6%, priority withdrawals | NO | NO |
| Expert Account | AED 183.600 balance and maximum transaction amount of AED 18.370 | profitability increment by 8% + priority withdrawal + Premium gifts + discounts | NO | NO |
| MT5 Forex Options Account | available for the “Experienced”, “Master”, “Professional,” and “Expert” accounts | / | YES | From 1.1 pips |
Customer Service
The Pocket Option customer support is available 24/7 by live chat, email, and by phone. If you have any questions, you can contact them in over 30 different languages, including English and Arabic. PO is active on Instagram, Facebook, and other social media, so you can contact them via those channels as well.
Regulation
Pocketoption is regulated by the International Financial Market Relations Regulation Center (IFMRRC). They have Know-Your-Customer procedures in place and comply with the Anti-Money Laundering Policy.
Pros and Cons
If you are still not sure whether to sign up for a Pocket Option trading account, here are the pros and cons to help you decide. Reasons to sign up include:
Pros
- 150+ tradable assets
- 50% first time deposit bonus
- AED 180 minimum deposit
- Social trading features
- AED 5 minimum trade requirement
- Free demo account with AED 30.000 virtual cash
- UAE traders are accepted
- Arabic language customer support
- Regulated by IFMRRC
Cons
- Only one trading account available
- Trading type are limited to high/low
- Missing advanced trading features
- Not licensed in the UAE
- Slow customer support
Disadvantages:
- Only high/low options are available
- Lacks advanced trading features seen on other binary options platforms
- Doesn’t allow Expert Advisors or automated trading software
- Not licensed by CySec
Pocket Option is a trustworthy binary options trading platform, regulated by the IFMRRC. Based on our analysis and research, it is a reliable broker with great customer reviews, secure deposits, and withdrawals.
Conclusion
Pocket Option is a trustworthy online broker suitable for users looking to trade binary options on an intuitive and easy to use platform. Based on their responsive support, free demo account and great trading tools its a good fit for beginner and advanced raiders.
FAQ
Can I make a profit on the demo account?
You cannot make a real profit on the demo account. The demo account is to familiarize yourself with the platform and practice your binary options trading skills.
Does Pocket Option accept traders from the UAE?
Yes, Pocket Option accepts traders from the UAE.
Can I trade forex on Pocket Option?
Only traders with experienced, master, professional, or expert accounts have access to Pocket Option’s MT5 forex trading platform.
Disclaimer
Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…