PocketOption Review new


PocketOption was founded by seasoned traders and investment professionals with the goal of creating the most simple, clear, and convenient trading process. PocketOption, as you might guess, specializes in options trading, particularly binary options.

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PocketOption does allow the trading of stocks, but it is limited to OTC (over-the-counter) market access. It is also regulated by a little-known organization, the IFMRRC, which may not be an official regulatory authority. These are two of several limitations and concerns with PocketOption, though it does certainly have its strengths.

To learn more about PocketOption, including how it works and its pros and cons, keep reading for our comprehensive review.

Pros Cons

Pros

  • Binary options trading
  • Demo trading supported
  • $5 minimum deposit
  • “Social trading” option

Cons

  • Less robust educational offerings than competitors
  • Stock trading limited to OTC markets
  • Regulated by little-known regulator, IFMRRC
  • Not necessarily a good option for beginners

PocketOptionReview 2023 | Is PocketOption Right for Me?

If you are looking for an easy way to trade binary options, PocketOption could be a good fit for you. It has solid features and a wide variety of account types. That said, trading binary options is fairly advanced, so PocketOption may not make sense for total beginners to options trading.

PocketOption has a low minimum deposit, on the other hand, which does make it appealing to newer and less experienced traders. These newer users can’t count on learning much from the site’s educational resources, but they can hone their skills by trading with a demo account.

Keep reading to learn more about PocketOption so you can decide if it’s the best fit for your particular needs and preferences.

How Does PocketOption Work?

PocketOption is an online broker that specializes in binary options trading, express trading, mt5 forex, pending orders, and trade copying. They offer a lot of flexibility, including many different account types.

Here are a few of PocketOption’s most popular account types:

  • Novice Trader – PocketOption’s most basic account is limited to users with balances of less than $100.
  • Experienced Trader – The Experienced Trader account starts with a $1,000 starting balance and wider market access.
  • Master Trader – The Master Trader account requires a $5,000 minimum initial deposit, while individual trades are capped at $2,000. Traders with this account benefit from a 4% boost to payouts.
  • Professional Trader – To open a Professional Trader account, a $15,000 minimum initial deposit must be made. $3,000 is the cap for a single trade, and there’s a 6% increase in payouts.
  • Expert Trader – The Expert Trader account requires a $50,000 minimum deposit. The benefit is an increase in payouts by 8%. Other perks include higher priority for withdrawals, gifts, and discounts.
  • MT5 Forex – Traders with at least $1,000 in their account are eligible for the MT5 Forex account. This account permits users to trade in forex (foreign currencies).

PocketOption Features

PocketOption boasts various features that help set it apart from other online options brokers, including the following:

  • Up-to-date trading trends – PocketOption offers the latest in trading innovations, including lightning-fast orders, express trades, MT5 forex, pending orders, and trade copying. Features like trade copying allow you to place a copycat trade of other traders on the platform within minutes.
  • A variety of instruments – PocketOption offers a variety of instruments. Although it specializes in (binary) options trading, it also offers currency (including crypto), commodities, and stock trading. (Stock trading is limited to OTC, however.)
  • Technical analysis – Traders using PocketOption can rely on popular indicators and signals to use technical analysis with their trades.
  • Demo account – PocketOption provides a demo account with virtual money so traders can try out strategies without any risk. This is a great tool for traders of all experience levels, but especially beginners.

PocketOption Pricing Plans

PocketOption is a broker, so it makes its money on various fees. The average commission with PocketOption is low relative to competitors at $0.50 per trade. There are no fees for withdrawal except those applied by a third-party service, such as Perfect Money.

Is PocketOption Worth It?

PocketOption offers many attractive, bells and whistle-type features. It has definitely kept up with the latest in trading, with trade copying, express trades, MT5 forex, and much more. It is also one of the most popular binary options traders out there at the moment.

On the other hand, PocketOption is regulated by the IFMRRC, which is a relatively little-known regulator. Given this and a less-than-stellar track record on sites such as Trustpilot and SiteJabber, you should be sure to do your own due diligence before investing with PocketOption.

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