Introduction to PocketOption

PocketOption is an online broker firm that specializes in binary options trading. With its headquarters in the Marshall Islands, it has been operational since 2017. The firm is owned by Gembell Limited and is certified by the International Financial Market Relations Regulation Center (IFMRRC).

Trading Platform

Interface

PocketOption offers a proprietary web-based trading platform that is user-friendly and easy to navigate. The platform provides a variety of charts, including candlestick, area, and line charts, which can be customized to suit the trader’s preferences. The platform also features a social trading function that allows traders to copy the trades of successful investors.

Mobile Application

In addition to the web platform, PocketOption also offers a mobile trading app available for both iOS and Android devices. The mobile app features all the functionalities of the web platform, allowing traders to trade on the go.

Account Types and Trading Assets

PocketOption offers a single type of trading account with a minimum deposit of $50. This is relatively low compared to other brokers, making it accessible for beginners. The firm offers a wide range of assets for trading, including forex, commodities, stocks, and cryptocurrencies.

Customer Service

PocketOption provides customer support 24/7 through live chat, email, and phone. The support team is multilingual, catering to a global client base. However, there have been complaints about the slow response time and lack of professionalism from the customer support team.

Regulation and Security

PocketOption is regulated by the IFMRRC, which is not a well-known regulatory body. This raises concerns about the security of funds and the credibility of the broker. Additionally, the firm does not provide any information about its security measures, which is a red flag for potential investors.

Education and Training

PocketOption provides a range of educational resources, including video tutorials, webinars, and a free demo account. However, the quality and depth of these resources are questionable, and they may not be sufficient for beginners to learn the ropes of binary options trading.

Conclusion

While PocketOption offers a user-friendly platform and a wide range of trading assets, there are several concerns about its credibility and customer service. The lack of information about security measures and the questionable regulatory status are significant red flags. The quality of educational resources also leaves much to be desired. Therefore, potential investors should tread carefully and consider these factors before deciding to trade with PocketOption.