Pocket Option Review: Trading Platform, Account Types and Payouts

Payouts

Pocket Option is known in the binary options market for having high payouts. The lowest you can get is 50 percent, while their average is much higher. You can usually expect to get between an 80 and 100 percent payout for successful high/low predictions.

Pocket Options website states that you can get payouts up to 218 percent, which is practically unheard of. Even the leading binary options brokers usually only declare up to 200 percent maximum on payouts.

Keep in mind that high/low trading, in general, gives you higher payouts than most other types of binary options trading, like ladder/pair options. Making 60-second trades with high/low options can both introduce you to the Pocket Option platform and increase your account balance in minutes. However, its essential to be cautious with high/low options, as well, as too many unsuccessful trades can put you in the red fast.

Account Types

A minimum deposit of $5 is required for each of PocketOption’s seven different types of accounts. All accounts include access to social trading, gifts with amazing rewards, an unlimited total amount, a number of open transactions, and the option to interact with other traders.

Different accounts have different thresholds for what constitutes an acceptable level of the required minimum balance.

Novice Trader Account

The Novice Trader Account has a balance that is less than $100 and a transaction limit that is no more than $1,000

Experienced Trader Account

This is an account with a beginning balance of one thousand dollars and access to a broader selection of positions in the market operated by the company. It gives you the opportunity to boost your profitability by 2% to the degree that it is possible

Master Trader Account

This is an account that takes into consideration the possibility of a 4% rise in profitability. The initial sum is five thousand dollars.

It is possible to request a return of transactions completed with a difference of a single pip, with a maximum sum of ten dollars, and to receive priority processing of withdrawals. The highest amount that can be spent in a single transaction is $2,000.

Professional Trader Account

The initial amount in this account is $15,000, and the account’s profitability is expected to improve by 6% over time. The maximum amount that can be spent in a single transaction is $3,000. The refund of transactions completed with a difference of 1 pip with a value up to $50, as well as fast withdrawal processing priority, and a personal manager, are additional bonuses.

Expert Trader Account

This account is designed for working professionals and has a minimum opening balance of $50,000. The customer receives a rise in profitability of 8%, a return of transactions performed with a difference of 1 pip (with a maximum amount of $100), a high priority for the processing of money withdrawal requests, premium gifts, and personal discounts in the Market.

Demo Account

If youre apprehensive about going all-in with a real account on Pocket Option, you can try their demo account. You dont even have to register with them to use it. You can simply go to their website and click the Demo Account button to get $10,000 in virtual funds that you can use to trade.

Even if youre a seasoned investor, its a good idea to try the demo before you commit real money. After all, if you decide you dont like the platform, whether its too simple or less intuitive than youd like, its a lot easier to ditch the practice account than it is to withdraw all your funds and close a live account.

On the other hand, if youre new to binary options trading, the practice account will give you enough experience to understand whether you want to keep doing it. Plus, with Pocket Options user-friendly platform, youll find out quickly whether you can handle something more complicated or would prefer to keep things efficient and simple.

Mobile Trading

While Pocket Option’s main platform is on the web, they also have mobile and PC versions. The mobile app from ITTrendex, LLC is available for both Android and iOS, so no matter what kind of device you have, you can keep up with market news on the go.

The Pocket Option mobile apps have all the same features as the online platform. Because the platform is already so simple, it translates well to mobile trading. The process is the same with the high/low options, and the interface is quick to install and start-up. The app is free, so you don’t have to worry about any extra expenses for wanting to carry your investments with you, either.

The iOS app just requires iOS 11.0 or later, so you can use it on an iPad or iPod touch, too. If you have Android, you’ll need Android 4.4 or later. Pocket Option really does give you plenty of choices for how, when, and where you want to trade—even if you’d hoped for tiered accounts, you still have other areas you can tailor your experience.
 

Deposits and Withdrawals

Deposits and withdrawals are as simple as Pocket Option’s interface. Once you’ve registered on their website, verified your payment type, and provided valid identification, you can start with the minimum $50 deposit or higher.

To put funds into your account, you can use a variety of payment types, from credit cards to cryptocurrency. Pocket Option accepts almost any major form of payment, including:

• VISA
• Mastercard
• Maestro
• Debit Card
• Bitcoin
• Litecoin
• Ethereum
• Bitcoin Cash
• Ripple
• ZCash
• Skrill
• Neteller

While these are the most commonly used options—there are more. You’ll have no problem with depositing or withdrawing funds regardless of your preferred method.

Additionally, the withdrawal minimum is far lower than the deposit minimum. Instead of $50, you only have to withdraw $10 for a valid transaction. Unlike some brokers, they also don’t charge a commission or fee for these transactions. Whatever you withdraw is exactly what goes into your bank account or card.

Be careful of the currency conversions, though. Some banks charge a fee for those, so if you’re looking to make a hefty profit, make sure you’re aware of the additional charge outside of the Pocket Option platform.

Customer Support

You wont have any trouble connecting with Pocket Options 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.

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 theyll 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: [email protected]

Conclusion

Pocket Option intuitive platform allows both seasoned and beginner traders to make fast trades while earning higher payouts than most other brokers. They offer bonuses beyond the initial 50 percent, which means you have plenty of opportunities to increase your winnings.

Registering with them is easy, and you can even test out the platform with a demo account before you commit to it. No matter where you use Pocket Option, youll have the same access to all their features. We feel comfortable recommending Pocket Option as a reputable, reliable, and responsible broker for your binary options trading.