Pocket Option Review
Overview
FMRRC (License number TSRF RU 0395 AA V0174)
Pocket Option Overview
Pocket Option was founded in 2017 by a team of IT specialists and is managed by owner Gembell Limited. The company is registered in and has its headquarters in the Marshall Islands. It is currently owned and managed by Gembell Limited, which is registered in the Republic of the Marshall Islands with a registration number of 86967.
The binary options broker has over 100,000 active users and a trading turnover of over $500,000,000. The company caters to customers in over 95 countries and regions. They support clients from Kenya to Indonesia, and the US to Germany – it is truly a global brand.
Regulation & Reputation
Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC). Their license number is TSRF 0395 AA Vv0141. This broker has the Know-Your-Customer policy and complies with the Anti-Money Laundering Policy. This Pocket Option review will define the different safekeeping measures that are taken to protect client funds and personal information.
Account types
The following is a comparison table of account types on Pocket Option:
| Account Type | Conditions | Benefits | Withdrawal Fee | Spread |
|---|---|---|---|---|
| Novice Trader | Less than $100 balance and maximum transactions amount of $1,000 | N/A | Free (0.5 for Perfect Money) | No |
| Beginner | $100 balance | N/A | Free (0.5 for Perfect Money) | No |
| Experienced | $1,000 balance | increased profitability by 2% | Free (0.5 for Perfect Money) | No |
| Master | $5,000 balance and maximum transaction amount of $2,000 | increased profitability by 4%, Priority withdrawal | Free (0.5 for Perfect Money) | No |
| Professional | $15,000 balance and maximum transaction amount of $3,000 | increased profitability by 6%, Priority withdrawal | Free (0.5 for Perfect Money) | No |
| Expert | $50,000 balance and maximum transaction amount of $5,000 | increased profitability by 8%, Priority withdrawal, Premium gifts, Personal discounts in the market | Free (0.5 for Perfect Money) | No |
| MT5 Forex | available for the “Experienced”, “Master”, “Professional,” and “Expert” accounts | / | Free (0.5 for Perfect Money) | From 1.1 pips |
Fees
There aren't any hidden trading fees. Deposits on a trading account are free of charge.
For withdrawing funds, only Perfect Money will charge a fee (0.5 percent), and the bank that makes the transfer may charge a fee. Withdrawals made with other electronic payment methods or credit cards are free. Without changing any settings or contacting support, they automatically create swap-free accounts for all of its clients.
Deposit & Withdrawal
Deposits
Pocket Option does not require a deposit fee, which means that you can deposit funds into your trading account for free. You can be able to deposit funds via debit\credit card, bank transfers, and electronic wallet. The deposit process is a fast one that will take approximately 1-2 business days. The minimum deposit required for the Live Account is 50USD, which is considered as low. However, the downside is that you can only make deposits in USD since it is the only base currency available with Pocket Option.
Withdrawal
Pocket Option has free withdrawals, which means that you can make withdrawals without having to pay an additional charge. You will be able to withdraw funds from your trading account in several different methods, such as: debit\credit card, bank transfers, and electronic wallet. The withdrawal process is a fast response, where you will receive your funds in about 24 hours. The minimum withdrawal required for the Live Account is 10USD, which is lower than most Forex brokers. However, the downside is that you can only make withdrawals in USD since it is the only base currency available with Pocket Option.
Pocket Option Deposit/Withdrawal Options
- Debit\Credit Card
- Bank Transfer
- Electronic Payment
Products traded on Pocket Option
Binary options market
Minimum initial deposit
Trading Platforms
Pocket Option offers a trading platform for any device.You can access the web platform, download version, MetaTrader 5 and mobile trading application.The software is programmed by Pocket Option and is very unique.In the following section, we will show you the features of the platform and how to trade.
Here is the list of available flatform
- Web version
- Tải xuống phiên bản
- Ứng dụng di động
- Telegram Bot
- MetaTrader 5
Web Flatform
Facts about web trading platforms:
- Available for any device (Computer and mobile)
- User-friendly and safe for transactions
- Clear and professional charts
- Free analytical tools
- Good overview of all tools
- Can make multiple charts
Customer Service
You won't have any trouble connecting with Pocket Option's customer support since all their contact information is easy to find on their website. They provide 24/7 customer service, and their phone number, email, and address are all available on their contact page.
Other Support
You can also find them on various social media platforms, including Instagram, Facebook, Twitter, and others. They even have a live chat system on their website, so all you have to do is open it and get started.
If you have a general question but no time to chat, you can fill out the contact form on their website, and they'll get back to you later.
To get in touch with them via phone, email, or at their physical address, use this information:
- Phone: 1 (800) 982-1251
- Email: support@pocketoption.com
Conclusion
About Pocket Option
Overall
Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands. This Forex trading broker also applies the Know-Your-Customer policy and complies with the Anti-Money Laundering Policy to avoid and fraudulent misconduct. Pocket Option is a trustworthy Forex broker that you should consider trading with.
FAQ's
How Long Do Pocket Option Withdrawals Take?
Pocket Option withdrawals take about 24 hours.
What Is The Minimum Deposit For Pocket Option?
The minimum deposit for Pocket Option is 50USD or its currency equivalent, to open an account.
Is Pocket Option An ECN Broker?
Yes, Pocket Option is an ECN Broker.
Is Pocket Option Legit?
Pocket Option is a legitimate Forex and CFD broker that allows clients to protect their funds and personal information. This Forex broker complies with the Anti-Money Laundering Policy, along with the Know-Your-Customer Policy. In addition, all direct and indirect employees must conduct a training program on both Policies to be able to prevent any fraudulent misconduct.
