For many traders, Pocket Option seems to be a new platform for binary options trading. It’s quite understandable why people have doubts about this online broker as it was launched just a few years back in 2017. In this review, we’ll answer all your queries and try to clear your doubts about the platform and the broker itself. To know whether Pocket Option is worth investing, read through the article.
Pocket Option is abinary options trader and an online forex broker, managed and owned by the Gembell LTD. The platform offers more than 130 assets including cryptocurrencies, indices, commodities and Forex. With attractive features like social trading and competitive tournaments, it’s continuously gaining popularity among trading community. In our Pocket Option Review, we’ve researched the legitimacy and security ensured by the platform
- Established in 2017 by Gembell Limited Company.
- Has office in Marshall Islands.
- Trade over 130 assets.
- Above 25,000 users per day.
- Renowned as an online broker across the globe in almost 90 countries and accepts international traders.
- Attractive bonuses and cashback with opportunities to win at tournaments.
- Can support multimedia platforms: Web and Phone.
- Demo account with education tutorials.
Trading itself is very risky, but to minimize the damage and increase the trust, it’s essential to go for a reliable broker. Pocket Option is regulated by International Financial Market Relations Regulation Center (IFMRRC). You must be wondering, what does a regulatory authority do?
Specifically, the main purpose of seeking a reliable regulatory authority is to gain some sort of insurance on your investments. With IFMRRC, this can’t be guaranteed because unlike CySec which is a national regulatory body, IFMRRC is independent. However, we’ve found that Pocket Option is pretty secure in terms of data privacy and security. Pocket Option has various levels of identity verification and authorization to prevent any breach. So, it’s fair to say regardless of not having a superior regulator, Pocket Option still manages to tick all the boxes as far as security is concerned.
Customer Support And User Interface
The extent of how good a platform is resembled by its customer service. And fortunately, pocket option offers a satisfactory 24/7 customer service through phone calls, emails as well as chats. Not only this, this online broker has a reputation of offering attractive bonuses. With a minimum deposit of just USD 50 you can start trading or just unwind with a demo account and trade virtual funds worth USD 10,000. You can also invest in other assets like commodities, cryptocurrencies and indices with the option to use MetaTrader 5 software. Bonuses are always a highlight for any trader and this online broker doesn’t disappoint by offering up to 100% cashbacks on your deposits.
Our overall rating for Pocket Option.com at traders union is 9.6 out of 10, which is quite impressive for new broker. The only downside of Pocket Option we see is absence of a higher regulator. However, we are comfortable to recommend it as a safe and secure broker.