All Share (J203) = 87 916
Rand / Dollar = 18.16
Rand / Pound = 23.50
Rand / Euro = 19.84
Gold (usd/oz) = 2 983.40
Platinum (usd/oz) = 1 008.60
Brent (usd/barrel) = 70.51
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

PocketOption Review

PocketOption Review

 

Overall according to research in South Africa, PocketOption is considered low risk, with an overall rating of 6/10. PocketOption is regulated in the Marshall Islands by the FMRRC. PocketOption offers access to over 100 trading instruments in popular asset classes.

 

PocketOption at a glance

🔍 Broker’s namePocketOption
🏛️ HeadquartersRepublic of the Marshall Islands
📅 Year founded2017
⚖️ Regulating authoritiesFMRRC
📒 Demo accountYes
☪️ Islamic account (swap-free)Yes
✴️ Segregated accountsNo
👨🏼‍💼Managed accountsNo
🔣 Maximum leverage1:100
💰 Minimum depositR80 ZAR / $5
➕ Deposit optionsVisa
Airtel
Bank transfers
MTC
MTN
M-Pesa
VodaFone
ePayments
Tigo
MoMo Pay
Qiwi Wallet
Mastercard
Loterias
Link
And many more…
➖ Withdrawal optionsVisa
Airtel
Bank transfers
MTC
MTN
M-Pesa
VodaFone
ePayments
Tigo
MoMo Pay
Qiwi Wallet
Mastercard
Loterias
Link
And many more…
📊 Platform(s) providedMT5, proprietary platform
📶 OS compatibilityWindows, Mobile, Web, iPhone, iPad
PC and Mac OS, mobile for Android and IOS
🛍️ Tradable assets offeredCurrency pairs, commodities, cryptocurrency, OTC (currency, commodities, stocks)
💬 Languages supported on the websiteRussian, English, German, Chinese, Arabic, Italian and many more.
💬 Customer support languagesRussian, English, German, Chinese, Arabic, Italian and many more.
⏲️ Customer service hoursAround the clock 24/7.
👉 Open accountClick Here

 

PocketOption Review – 17 Key Point Quick Overview (2025):

  1. ☑️PocketOption Overview
  2. ☑️PocketOption Safety and Security
  3. ☑️PocketOption Account Types
  4. PocketOption Deposit fees and deposit methods
  5. PocketOption Fees and Spreads
  6. PocketOption Market instruments
  7. PocketOption Leverage
  8. How to set up a PocketOption Demo Account – Step by Step
  9. PocketOption Customer support
  10. PocketOption Education
  11. PocketOption Research
  12. PocketOption Awards
  13. PocketOption Customer Reviews
  14. PocketOption Pros and Cons
  15. Conclusion
  16. Disclaimer
  17. Frequently asked questions

 

Min Deposit

USD 5

Regulators

FMRRC

Trading Platform

MT5, Proprietary Platform

Crypto

Yes

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

PocketOption Overview

PocketOption Overview

 

The FMRRC certification that Pocket Option holds has helped it become one of the most popular binary options trading platforms. When investors work with this company, they not only have the potential to make commissions of up to 92%, but they also have access to a wide variety of bonus opportunities and a lucrative affiliate program.

 

Traders have the opportunity to rise in status and gain access to additional tools in Pocket Option’s Market as a result of winning special prizes, which, in turn, increases the possibility that their trading actions will result in a profitable financial conclusion.

 

The terms of trading that are provided by Pocket Option are considered to be par for the course in the binary options industry. You can trade foreign exchange pairings, shares, commodities, and digital currencies by using a web platform that is specifically designed for the nuances of working with options.

 

Each account requires a $5 first deposit, but subsequent installments must range from $100 to $50,000. (depending on the profile). You have the option of purchasing a single bit for a minimum cost of one dollar.

 

All of Pocket Option’s customers are automatically provided with swap-free accounts; they do not have to make any changes to their settings or get in touch with customer support.

 

PocketOption Safety and Security

PocketOption Safety and Security

 

When traders evaluate brokers, regulation is one of the most crucial components that must be considered. Regulated brokers are required to comply with stringent rules and regulations set by regulatory entities and through this, client fund security can be ensured.

 

The activities of regulated brokers are also overseen by such entities to ensure that there is no fraud or foul play, and to ensure that traders are always protected against such activities.

 

PocketOption is regulated in the Marshall Islands by the FMRRC. However, this is not considered to be a top-tier regulator. While PocketOption is not a scam, traders she be aware that they will not have a high level of deposit security with PocketOption due to this lax regulation.

 

PocketOption 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.

 

PocketOption Deposit fees and deposit methods

PocketOption Deposit fees and deposit methods

 

As well having a low minimum deposit, PocketOption also does not charge a fee for making either deposits or withdrawals. Having no deposit fees means that traders will be able to enjoy more of their profits, and enjoy generally lower trading fees.

 

📍 PocketOption offers more than 20 deposit methods, which include the following:

➡️ Visa

➡️ Airtel

➡️ Bank transfers

➡️ MTC

➡️ MTN

➡️ M-Pesa

➡️ VodaFone

➡️ ePayments

➡️ Tigo

➡️ MoMo Pay

➡️ Qiwi Wallet

➡️ Mastercard

➡️ Loterias

➡️ Link

➡️ And many more…

 

📍 Deposit currencies which are accepted include:

➡️ EUR

➡️ USD

➡️ GBP

 

The broker does not accept ZAR/Rand deposits. Traders must ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable. These often depend on the payment method used as well as the amount which is deposited into the trading account.

 

When you transfer the funds in a currency different from your deposit currency, the transaction will be made at the Internal exchange rates.

 

PocketOption Fees and Spreads

PocketOption Fees and Spreads

 

 

When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day. With PocketOption, other charges include overnight fees which are tripled from Wednesday to Thursday.

 

However, there is a swap-free, or Islamic account available for those traders who are Sharia compliant with regards to the laws regarding interest. PocketOption does not charge any fees for making deposits or withdrawals, and has a low minimum deposit of $5.

 

PocketOption does not provide any additional information on the available base currencies for its accounts. However, most major currencies such as USD, GBP and EUR will likely be accepted as base currencies. Those depositing in minor currencies, like ZAR, will likely incur a conversion fee.

 

PocketOption Market instruments

PocketOption Market instruments

 

PocketOption offers access to over 100 trading instruments in the following popular asset classes: Currency pairs, commodities, cryptocurrency, OTC (currency, commodities, stocks)

 

PocketOption Leverage

Leverage is a tool which is offered by numerous brokers to traders. With leverage, traders can open larger positions, allowing traders more exposures to the market in which they are trading despite their initial deposit.

 

PocketOption offers a maximum leverage of 1:100 on its MT5 Forex account.

 

How to set up a PocketOption Demo Account – Step by Step

New traders can open a free demo account with PocketOption in a just a few minutes by taking the following simple steps:

Step 1 – Go to PocketOption’s website

To begin, navigate to the official PocketOption website. On the top left corner, select “Menu.” A registration button will appear; please click it.

How to set up a PocketOption Demo Account step 1

 

Step 2 – Fill in the form

Enter the required information in the relevant fields (email, password, checking “Agreement,” and clicking “Sign up”).

How to set up a PocketOption Demo Account step 2

 

PocketOption Customer support

PocketOption provides reliable customer support that is available 24/7. The customer support team can be contacted by phone, email request form or live chat.

 

PocketOption Education

Unfortunately, PocketOption provides no educational materials for beginner traders. Therefore, newbie traders will have to educate themselves elsewhere before signing up with PocketOption.

 

PocketOption Research

Research tools help traders in their activities in addition to helping them hone their skills in making informed trading decisions. PocketOption provides excellent analytical tools that are built into its proprietary trading platform, as well as the advanced analytical tools provided on the MT5 platform.

 

PocketOption Awards

Awards serve to instil confidence in a broker as it reflects the level of service the broker offers. While PocketOption has not listed any awards to date, the crypto exchange broker is well-regarded in the industry.

 

PocketOption Customer Reviews

PocketOption Customer Reviews

 

PO is safe and secure…

PO has provided me a safe and secure platform to trade on. Allowing me to use 2FA and to have fast and easy deposits and withdrawals. They offer extra services such as bot trading and copy trading. There also are extra educational tools to help you better your skill. If you are trading binary options I highly recommend you put PO on your possibility list! Raising Geniuses 11264140

Customer reviews Five stars

I have been able to withdraw about…

I have been able to withdraw about $2500 from this company, withdrawals are processed quickly as well. All these people complaining about the prices changing are likely mad about the OTC assets they offer on the weekend. From my understanding these are the interbank markets after hours, but it seems sketchy/ unreal and I wouldn’t recommend trading those. Trade only the real assets they show; they have some of the best rates and they have the pending trade option which is not common for binary options.

Customer reviews Five stars

Happy with this Platform

I started with these guys 6 months ago. I haven’t had any issue withdrawing any funds, plus the customer service has always been spot on. I have to admit when I first started I was ignorant of how to trade and made many mistakes, and yes lost some money. I didn’t blame the platform, I just educated myself and used strategy to improve my trading game. What I also like about this platform is the community support you get from people within, who have more experience than myself that helped me when I wasn’t sure about something. Another option they have is a Copy Trading, if you want to learn and earn this is a good option too. Just a quick note, Trading isn’t a get-rich-quick scheme, you can’t blame a platform for your mistakes.

Customer reviews Five stars

 

PocketOption Pros and Cons

✔️ Pros❌ Cons
Wide range of tradable assetsLax regulation
No deposit or withdrawal feesNot the tightest spreads
MT5 available
Wide range of deposit and withdrawal options
Competitive commissions on binary trading
Customer support available round the clock

 

Conclusion

PocketOption is a popular binary options platform that also provides access to Forex trading and other popular asset classes. PocketOption provides a reliable proprietary trading platform as well as a competitive fee structure.

 

However, traders should be aware that PocketOption is laxly regulated and so cannot provide full deposit security.

 

Disclaimer

POCKETOPTION warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors.

 

Before deciding to trade with POCKETOPTION, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

 

POCKETOPTION warns that margin trading involves the potential for profit as well as the risk of loss.

 

Movements in the price of foreign exchange and commodities are very unpredictable, hence POCKETOPTION cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

PocketOption Contact us

 

You might also like: PocketOption Demo account

You might also like: PocketOption Minimum deposit

You might also like: PocketOption Sign up bonus

You might also like: PocketOption Fees and spreads

You might also like: PocketOption Account types

You might also like: PocketOption Islamic account

You might also like: PocketOption Withdrawal process

 

Frequently asked questions

TRADING ENVIRONMENT

How many instruments can I trade with PocketOption?

PocketOption offers access to over 100 trading instruments in the following popular asset classes: Currency pairs, commodities, cryptocurrency, OTC (currency, commodities, stocks)

 

Which platforms are supported by PocketOption?

MetaTrader 5 and the PocketOption proprietary platform

 

Does PocketOption offer leverage?

Yes. Leverage of up to 1:100.

 

What spreads can I expect with PocketOption?

PocketOption does not charge spreads, but rather charges a commissions of $0.5 on average. This price structure is applied to the broker’s binary options trading accounts.

 

On the PocketOption MT5 Forex account, the broker charges an average spread of 1.1 pip.

 

Does PocketOption charge commission?

Yes. PocketOption charges commission on its binary trading which averages at $0.5, which is competitive by industry standards

 

It is unclear whether Islamic account holders are subjected to the same commission charges. Traders must verify this information with the broker as it is not stated on the website.

 

Are there additional charges on the Islamic account?

No, the Islamic Account version will have all the same conditions as those on the swap-rated accounts.

 

Is PocketOption regulated?

Yes. PocketOption is regulated in the Marshall Islands by the FMRRC. However, this is not considered to be a top-tier regulator.

 

Is PocketOption a recommended forex trading broker for experts and beginners?

Yes. PocketOption caters for both beginners and experts.

 

What is the overall rating out of 10 for PocketOption?

6/10.

 

ACCOUNTS

What is the difference between a demo and live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.

 

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does PocketOption offer a demo account?

Yes.

 

For how long is the demo account valid?

30-days.

 

Does PocketOption offer the option of an Islamic Account?

Yes. PocketOption offers an Islamic Account.

 

Which live trading accounts does PocketOption offer?

  • Demo account
  • Novice trader
  • Beginner
  • Experienced
  • Master
  • Professional
  • Expert

 

What are the available deposit currencies for a live trading account?

  • EUR
  • USD
  • GBP

 

DEPOSITS AND WITHDRAWALS

What is the minimum deposit for PocketOption?

PocketOption has a low minimum deposit amount of just USD5 across all of its seven account types.

 

This constitutes a low minimum deposit when compared to many other brokers in the industry, making PocketOption a great option for beginner traders.

 

How do I make a deposit and withdrawal with PocketOption?

PocketOption offers more than 20 deposit methods, which include the following:

  • Visa
  • Airtel
  • Bank transfers
  • MTC
  • MTN
  • M-Pesa
  • VodaFone
  • ePayments
  • Tigo
  • MoMo Pay
  • Qiwi Wallet
  • Mastercard
  • Loterias
  • Link
  • And many more…

 

Does PocketOption charge withdrawal fees?

No, PocketOption does not charge deposit or withdrawal fees

 

How long does it take to make a withdrawal?

Withdrawals are processed within 10 minutes, but international banking withdrawals may take longer

 

There are no reviews yet. Be the first one to write one.


5/5 - (9 votes)

Table of Contents

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

August 24, 2022

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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