PocketOption Review 2023 – Pros and Cons

UPDATED ON :

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.

The Pocket Option broker is popular among traders who trade binary options due to its FMRRC certificate. The company’s clients are paid up to 92%, get access to many bonuses offers, and a profitable affiliate program. Thanks to unique rewards, traders can increase their profile level and purchase resources in Pocket Option’s own Market store to increase your profitability while trading.

PocketOption

Brokers Name

PocketOption

Regulation

IFMRRC Licensed

Established

2017

Headquarters

Marshall Islands

Trading Desk

Binary

USA Clients

no

24H Support

Yes

Weekend Support

Yes

Website Language

English, Portuguese, Spanish, Italian, Polish, Indonesian, French, Thai, German, Thailand, Malay, China, Turkish, Romance, Hindi

Account Details

Accounts

Standard

Min. Deposit

$50

Base Currencies

USD

Leverage

1:500

Spreads

0.6 pips

Fixed Spread

no

Margin Call / Stop Out

50% / 20%

Trading Platform

MT5, Proprietary Platform

Trading Instruments

Currency pairs, Commodities, Cryptocurrency, OTC – Currency, Commodities, Stocks

Pros

  • Online chat and phone support
  • Multilingual support
  • Binary options trading
  • Demo trading supported

Cons

  • There is no way to order a callback
  • No weekend support
  • Stock trading limited to OTC markets
  • Regulated by little-known regulator, IFMRRC

Trading Features

Commission

Yes

Mini Accounts

no

Standard Accounts

Yes

VIP Accounts

no

Pro Accounts

no

Islamic Accounts

Yes

Segregated

no

Managed Accounts

no

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

Yes

Educational Service

Yes

Copy Trading

Yes

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

Bank transfer, WebMoney, Perfect Money, Payeer, Advcash, Jeton, VLoad, Visa, Mastercard, and Maestro cards

Withdrawal

Bank transfer, WebMoney, Perfect Money, Payeer, Advcash, Jeton, VLoad, Visa, Mastercard, and Maestro cards

Contacts

Phone

+44 20 8123 4499

Email

support@pocketoption.com

Address

Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960

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