Best Options Broker 2020!
Great Choice For Beginners!
Free Trading Education!
Free Demo Account 1000$!
Get Your Sign-Up Bonus Now!
Only For Experienced Traders!
Pocket Option Review – Scam or not?
|Review:||Min. Deposit:||Demo Account:||Yield:|
|(4 / 5)||50$||✔ Free||90%+|
Is Pocket Option a scam or a reliable company? – Find out on this website. As an advanced trader, I checked the Binary Options Broker for you. Read if it is worth to invest your money or not and get the best information in my review of 2020.
The official homepage of Pocket Option
What is Pocket Option? – The company presented
Pocket Option is an international Binary Options Broker. You can bet there on rising or falling markets with a chance of a high payout (yield). Pocket Option is a broker who is owned by the Gembell Limited and based in the Marshal Islands. It is a registered company with the number 86967. Also, the broker is regulated by the IFMRRC.
At first glance, the website of Pocket Option looks very nice and clear. Directly you can see what they are offering their traders. Trade more than 100 different assets as Binary Options and with a yield (90%+). For traders, there are like 10000 combinations possible. It is very easy to start trading with the broker. You can open the new account in a few seconds. In addition, they offer a free demo account for practice the platform.
Facts of Pocket Option:
- Location is in Marshal Islands
- Regulated by the IFMRRC
- High yield 90%+
- User-friendly trading platform
- More than 100 assets
- Free Demo Account
The conditions for traders of Pocket Option:
Start to invest real money with a small deposit of 50$ in your account. Also, you can use only 1$ as the minimum bet amount for each asset. Pocket Option broker provides you a 10.000$ free demo account too. So you can practice trading in the new platform. It is very easy to deposit real money on Pocket Option because they offer you more than 50 different payment methods (read more about it below). After all, they charge you no commission for a deposit or payout. The payment system works 24 hours per day.
The regular asset profit of a Binary Option is between 80 – 97% which is compared to other brokers very high. Sometimes it depends on the asset you are investing. Choose between 60-second trades minimum and 4-hour trades maximum. They offer you a lot of different time horizons. The execution of trades is very simple and fast. From my experiences, there are no problems to open or close a trade. It is possible to sell an option before the expiry time ends. This is a big advantage for this broker.
Big diversity of assets
The diversity of assets is very high. Choose between Stocks, Forex, Cryptocurrencies, and Commodities. In conclusion, the conditions and the offer of Pocket Options are compared to other brokers at it´s best.
- High yields 80-95%
- 50 different payment methods
- Start trading with a 50$ deposit
- You only need 1$ per trade
Review of the Pocket Option Trading Platform
In my opinion Pocket Option offers a very good trading platform. It seems that they programmed it independently. Out of my experience, it feels very comfortable to trade on this platform. You can clearly see what happens in the market. Also, the platform is very customizable. You can use different indicators or chart types.
Best Options Broker 2020!
Great Choice For Beginners!
Free Trading Education!
Free Demo Account 1000$!
Get Your Sign-Up Bonus Now!
Only For Experienced Traders!
Select between 100 of different assets and analyze the chart. After that, you can open a trade with a call or put option. Use the social trading function to copy the best traders of Pocket Option and turn their profit in your profit. Trade via computer or app. It is possible to trade from every point of the earth with the intelligent app on your smartphone. Finally, the trading platform gets 5 stars in my review. I really like the design and functions.
Available as app
The platform runs smooth and is professionally programmed. There are not any bugs or lags by using it. In addition, the app is available for android and apple Ios. That is another big advantage because most brokers do not offer an IOS app. Also, the app runs very smooth like the web version. In conclusion, the trading platform of the broker is useful l for every trader because it is flexible.
Facts about the trading platform:
- Different chart types
- Different time frames (5 second chart up to daily chart)
- Free indicators and analysis tools
- Customizeable and user friendly for traders
- Social Trading, Signals and Tournaments
- Very fast execution of trades
How to use Pocket Option?
Pocket Option can be used to bet on rising or falling markets. Make a forecast for the direction of the price of an asset on the platform. It can be Forex, Stocks, Cryptos and more. Always the Binary Options got an expiry time. You can trade in different time horizons no matter if it is short-term or long-term. After the expiry time, the trade is automatically closed.
For example Bitcoin – 90%:
That means if you open a trade with the amount of 1000$, you make the right forecast of the markets you will win a payout of 1900$. 900$ is the profit and 1000$ is the return of your bet amount. There are no hidden fees by investing.
Social Trading – Copy other trader automatically
Pocket Option offers you to copy the best traders of the broker. First of all, it is important to know that social trading only works on a live account. Open in the menu “social trading” and you see the best traders at the moment. You can click on them and watch their profile (picture below).
You can add the trader to a “watchlist” and follow him for a certain time. If you think he is good enough, you can copy him with one click. In my opinion, it is significant to analyze the trades of all time. If a user got a high win rate overall time it is a good way to earn some extra profit. It is a big advantage for traders to see the whole profile and the trading style on Pocket Option.
Open your Demo Account with Pocket Option
Pocket Option offers a free demo account for everybody. The demo account can be used for training before starting to make real investments. With just one click you can trade with virtual money on the platform. There is no registration or deposit needed for practice trading with virtual money. A lot of traders get their first experience in the demo account before starting with real money. I recommend that to everybody to practice the platform in the demo account.
The demo account is unlimited with 10.000$ virtual money. You can charge it with one click if you lose some money. After you got some experience and learned to trade Binary Options successful you can directly start trading using real money.
- Free and unlimited account
- The best way to practice and learn how to trade
Pocket Option withdrawal and deposit on a real account
The good thing about Pocket Options is that they offer about 50 different payment methods for deposit and withdrawal. The minimum deposit is 50$. You can use cards, e-payments or cryptocurrency. They do not charge any commission and the withdrawal works in the time horizon of 24 hours. The minimum withdrawal amount is 10$.
In conclusion, the first tests of the withdrawal with the Pocket Option broker are successful. The withdrawal and deposit system works very well. Also, Pocket Option offers you a cashback of maximum 10% of your deposit or losses. For more information open a real account. In addition, I have to mention you should verify your account before you start trading with real money. The broker does not pay out to unverified accounts.
Facts about the payment methods:
- Minimum deposit 50$ and minimum withdrawal 10$
- Instant deposits with eletcronic methods
- Credit Cards
- Skrill, Neteller, ADV Cash, WebMoney, Payeer, Perfect Money
- Cryptocurrencies, Bitcoin, Litecoin, Ripple, and more
- No commissions and fees
Review of the bonus system and awards
As you see in the picture below Pocket Option offers you bonus system. There is a large choice of options for earning additional money. Use a deposit or no-deposit bonus to get a bigger account. In addition to that, they offer risk-free trades, cash-backs or promo codes. You get rewarded if your trading volume is high. They give you “Gems” which you can use in the award shop. In the award shop, there are some options to buy additionally bonus.
For the first time, I see such a big bonus system with different options. But do not forget that every bonus is linked to a condition. On the other hand, you can cancel the bonus at any time just clicking on the icon in your account. No money is held if you got an active bonus. You have to make an x50 turnover of your bonus to get paid.
Facts about the bonus system:
- Deposit Bonus
- No-Deposit Bonus
- Risk-Free trades
- Gems for Bonus
- Boosters for more profit
Support and service for Pocket Option traders
The support is very important for traders to build a reliable relationship. Pocket Option offers fast responsible chat support. Also, they got a phone and email support. The support works in different languages. According to that, they got an agent in the EU (Czech).
For beginners and advanced traders, there is a big education section on the platform. Watch video tutorials or read new strategies from the experts of Pocket Option. They explain it in detail how it works. It is important to get more knowledge before trading with real money.
Facts about the support:
- Support 24/7
- Phone, Email, and Chat Service
- Support in more than 5 different languages
- Free education center
- Analysis and trainings
Conclusion of my review: Is Pocket Option legit or a scam broker?
In conclusion, Pocket Option looks like a reliable Binary Options Broker. There is a big range of different assets with high profit to trade. Binary Options are very simple and easy to understand on the platform. For further questions, you can use the big education center. In my opinion, the trading platform is one of the best in the world because you can customize it quickly. Moreover, it is very user-friendly, it feels very comfortable to trade there.
For withdrawal and deposit you got a lot of different payment methods. Open a account in less than 5 minutes is no problem. You can start trading real money with a start balance of 50$. This is a good value for every trader. Also big deposits are welcome, too. The only disadvantage of Pocket Option is the lack of a real regulation of a financial institute. In conclusion out of my experience the broker can be very useful.
The advantages of Pocket Option:
- High asset profit 96%+
- 100+ assets
- Fast and reliable support
- A lot of different payment methods
- No hidden fees
- Excellent trading platform
Pocket Options shows a really good bonus program and a reliable platform for trading (4 / 5)
This Broker is Out of Business! Read This…
CTOption was a binary options broker owned by InfiniCore Ltd., and located at The Jaycees Building, Stoney Ground, Kingstown, St. Vincent and The Grenadines. Their phone is +44 (203) 519 2322 and contact email is [email protected]
CTOption is a different binary options broker in what sets them apart from other broker is the Panda trading platform that they use. While reviewing CT Option, we see that besides their unique trading platform, they offer traders an auto trading bot. Their auto trading bot scans for trading signals from over 140 assets. It will issue trade alert and you can trading directly with just a click.
CTOption has what is called the trade replicator. The trade replicator allows traders to auto trade / copy the trades of the top ten traders. They have a mobile trading app for both Android & iTunes, and the minimum deposit to start trading is $250.
CTOption Binary Options
What we look for in binary option brokers to determine if they are a legit broker or a scam broker is very simple. Are the licensed and regulated by CySEC in Cyprus, ASIC in Australia or the CFTC in the United States. When choosing a binary option broker it is important to check the list of regulated brokers to see if the broker you would like to open an account with is regulated by a government regulatory agency.
CTOption is not a licensed broker.
On June 6th 2020 the SEC wrote an investor alert regarding binary option scam brokers. Read entire alert on the SEC website here.
For an updated list of licensed brokers, see here.
365 FX Options Review – is 365fxoptions.com scam or good forex broker?
RECOMMENDED FOREX BROKERS
Trading Accounts and Conditions
|Investment plan||Min. deposit||Leverage||Spread/ Payout|
365 FX Options presents itself as financial provider specializing in Forex/CFDs and Binary Options trading. Unfortunately, they haven’t disclosed any trading conditions, so we can’t comment on those. Considering that the broker is not regulated, trading costs don’t matter much anyway. Read on to see all you need to know about 365 FX Options prior to investing any money.
365 FX Options Advantages
We usually try to list any possible advantages a broker might offer its clients, but here with 365 FX Options we have no choice but to leave this section empty.
365 FX Options Disadvantages
No financial regulation
Click on the image to view larger.
This means that the broker’s clients are subjected to all kind of risks, the most common of which is that they will never get to withdraw any funds. Furthermore, there may be commingling which means that the broker may commingle together the finances of the firm and the money of clients.
Zero clarity on trading conditions
Another worrisome sigh regarding 365 FX Options is that the broker’s website has not disclosed any trading specifics, such as the spreads (or payouts in binary options trading), leverage provided, minimum investment required, etc. It is also unclear what platform does the broker use, if any at all.
Furthermore, 365 FX Options does not offer free demo accounts, so we can safely conclude that it’s not transparent at all regarding the nature of the services provided and the pricing.
We always view the lack of information as huge negative, but having in mind the regulatory status of the brokerage, it is no surprising it is missing. We would advise clients to always be as informed as possible before deciding to trade with a brokerage.
No real trading platform
So, we opened a real account with 365 FX Options (without depositing any money) in order to get some more information on its offer. As a result, we got access to this:
Click to zoom in.
As you can see from the above image, this is not a real trading platform, but only a dashboard to propel the illusion. This inclines us to suspect that 365 FX Options doesn’t have any trading platform whatsoever, and only aims at receiving deposits from clients that are unaware of its ill-minded intentions.
That said, most forex traders prefer the good old MetaTrader4 (MT4) platform, which offers some top-notch functionalities, such as the great charting and the automated trading bots simply known as Expert Advisors or simply EAs.
365 FX Options is an unregulated brokerage that is anything but transparent regarding its services and pricing. Overall, it seems like one of the many fraudsters on the financial market, so our advice is – stay away.
As usual, our best advice in such cases is to recommend dealing only with duly authorized brokerages, in order to minimize the risk of foul play. We like to give as examples those authorized to operate in EU countries like the UK and Cyprus, where the governmental agencies have a set of requirements for financial services providers and see to their compliance. These requirements aim at protecting the interests and the money invested by the clients of such providers, as well as fostering the overall stability on the financial market.
To sum up the above:
|Not any significant||No legit license|
|Zero clarity on trading conditions|
|No real trading platform|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Best Binary Options Brokers 2020: