Abstract：Pocket Option is considered a beginner-friendly trading platform, providing access to over 100 CFD instruments. Though not in an extensive range, 12 currency pairs, 10 cryptocurrencies, and stock indices are enough for focused and efficient trading. Particularly, forex trading starts at $10, perfectly fit for beginners' trading styles. Besides, Pocket Option provides a free demo account with virtual funds of $50,000 to give users risk-free practice. Though Pocket Option introduces commission-free option trading, they are less competitive in trading costs for other instruments.
What is Pocket Option?
Pocket Option is considered a beginner-friendly trading platform, providing access to over 100 CFD instruments. Though not in an extensive range, 12 currency pairs, 10 cryptocurrencies, and stock indices are enough for focused and efficient trading. Particularly, forex trading starts at $10, perfectly fit for beginners' trading styles. Besides, Pocket Option provides a free demo account with virtual funds of $50,000 to give users risk-free practice. Though Pocket Option introduces commission-free option trading, they are less competitive in trading costs for other instruments.
How Does Pocket Option Work?
Pocket Option is an online binary options trading platform where users predict whether the price of various assets (currencies, stocks, commodities, cryptocurrencies) will rise or fall within a specific timeframe. After creating an account and depositing funds, traders select an asset, choose their investment amount, set an expiry time, and place either a “call” option (predicting price increase) or “put” option (predicting price decrease). If the prediction is correct at expiry, traders earn a predetermined profit percentage (typically 70-95%); if incorrect, they usually lose their investment.
Pocket Option Pros and Cons
✅Where Pocket Option Shines:
- Low trading barrier, beginners can find trading accessible here
- Free demo accounts funded with $50,000 virtual money
- Commission-free on option trading
- Introducing copy trading feature
- No withdrawal or deposit fees
- Over 50 funding options to offer localized payment services
❌Where Pocket Option Falls Short:
- Currently operating without any regulation
- Limited range of tradable instruments
- No MetaTrader trading platform supported
- Expensive trading costs on other instruments, particularly on forex trading
Is Pocket Option Legit?
Pocket Option claims to be owned and operated by the company Infinite Trade LLC, and regulated by the Mwali International Services Authority (MISA). However, the truth is that MISA suspended the license of Infinite Trade LLC on 11/07/2023, according to statement issued by this regulatory authority. Despite this suspension, Pocket Option continues to display the MISA license, creating a false impression of legitimacy and misleading users.
Pocket Option -Tracking Its Unethical Practice
- Pocket Option was established in 2017, operated and owned by Infinite Trade LLC, and this company was registered at Republic Of Costa Rica.
- In 2022, Pocket Option was reported to operate under a certificate from the Financial Market Relations Regulation Center (FMRRC), which is described as an electronic document rather than a formal regulatory license.
- On July 11, 2023, The Mwali International Services Authority (MISA) suspended the license of Infinite Trade LLC, but this broker continue displays the license on its website.
- In 2023, WikiFX classified Pocket Option as an unregulated broker and it received a very low score of 1.8 out 10.
- Pocket Option privacy policy states compliance with anti-money laundering laws but lacks explicit mention of licenses from major regulators like the SEC or CySEC, leaving transparency gaps for users
- Reviews criticized slow customer support response times (24–48 hours or even longer ), particularly for resolving withdrawal disputes or technical issues.
Pocket Option Demo Account
Pocket Option offers free demo account funded with $50,000 to give user risk-free practice on its platform. Notably, Pocket Option demo account comes with no expiry date. However, only one demo account is permitted one person.
How to open a demo account with Pocket Option?
Opening a demo account on the Pocket Option is super simple, and there is no need to provide any personal information. Simply click the “Free Demo” on its homepage, and you will be directed to the demo trading dashboard.
Pocket Option Promo Code
What is Pocket Option Promo Code?
Pocket Option Promo Codes allow you to activate deposit bonuses after you make a deposit. With a 50% deposit bonus code, you'll receive an additional 50% on deposits of $50 or more, while a 100% promo code doubles your deposit when you fund your account with $100 or more. The minimum deposit requirement varies by payment method but starts at $50. New clients typically receive a 50% deposit bonus offer. If you prefer, you can also purchase available deposit bonus promo codes in the marketplace using Gems.
How to use Pocket Option Promo Code?
Step 1: Goto the “Finance” section and select “Promo Codes.” Enter “50START” in the field provided, and the system will calculate your bonus automatically. If you're satisfied with the offered bonus, simply click “Activate” to apply the promo code to your account.
Step 2: Head to the “Market” section to acquire a promo code for deposit bonuses and additional perks. Browse the available options and click “Purchase” on your preferred deposit bonus or other promotional code. Complete your transaction by clicking the “Confirm” button, then activate your newly purchased code by clicking “Activate” directly on the Market purchase page.
However, these promo codes come with some limitations: some codes are time-sensitive, and these bonuses often have a minimum deposit requirement. While for withdrawals, trading volumes are required. And lastly, some codes are exclusive to new or existing clients.
How to Withdrawal funds from Pocket Option?
I test Pocket Option withdrawals in 6th Feburary 2025 and 1st March 2025, and overall experience is as below：
- Pocket Options withdrawal framework is designed for flexibility and speed, particularly for e-wallet and crypto users.
- Compared with its e-wallet withdrawal, withdrawals through bank transfer are much slower, and I have waited for one week to receive my funds.
- Some platforms enforce “same method” rules for withdrawals matching deposits.
- Pocket Option‘s zero-fee policy is a plus, but don’t ignore third-party charges. For example, my bank deducted a small fee for card withdrawals, and crypto transactions had minor network fees.
- Pocket Option should prioritize training its customer support team to provide more efficient withdrawal services, particularly regarding the timely review of verification documents.
Withdrawal Methods, Fees and Processing Time
Pocket Option offers flexible withdrawal options to give better localized payment services, which includes bank transfer, bank cards, online banking, e-payments and cryptos, covering nearly all payment ranges. And this feature typically is not shared by many forex brokers, and this is why many traders feel withdrawals at this platform are convenient.
Withdrawal processing times on Pocket Option typically take up to three business days. However, in certain cases, this period may extend to a maximum of 14 business days. If you experience delays beyond the standard timeframe, it is advisable to contact Pocket Option's customer support for assistance.
Pocket Option does not charge internal fees for withdrawals. However, users should be aware that third-party payment processors may impose their own transaction fees.
Minimum Withdrawal Amount
Generally, the minimum withdrawal amount depends on the currency and the payment method chosen.
Bank Cards (VISA, MasterCard): $10
E-wallets ( Volet.com, FasaPay, Webmony): $10
Local Bank: $10
Cryptocurrency: Binance Coin (BNBBSC) – $10, Tether (USDT) BEP20 – 10 USD, Ethereum (ETH) ERC-20 – 10 USD, Bitcoin (BTC) – 100 USD, Litecoin (LTC) – 70 USD, Bitcoin Cash (BCH) – 50 USD, Tether (USDT) TRC-20 – 50 USD, Tether (USDT) ERC-20 – 20 USD
Withdrawal verification: For standard withdrawals, basic verification is sufficient. However, accounts requesting higher withdrawal amounts require full verification.
How to withdraw funds from Pocket Option?
Step 1:Log into Your Account: Access the platform's client portal or mobile app. Then choose the “withdrawal” button on the left side of your personal account.
Step 2. Select Withdrawal Method: Choose from available options such as: Bank cards (credit/debit), E-wallets (e.g., Skrill, Neteller, PayPal), Cryptocurrencies** (BTC, ETH, USDT, etc.), Bank transfers. Note: Some platforms restrict withdrawals to the same method used for deposits.Step 3:Enter Withdrawal Amount:Ensure compliance with minimum/maximum limits. Certain platforms require withdrawing deposited amounts first before accessing profits via alternative methods.Step 4: Submit and Verify: Complete identity verification (if pending) to avoid delays. Platforms often require KYC checks for security.
User Reviews on Pocket Option Withdrawals
While I haven't personally encountered withdrawal problems with Pocket Option, many traders have reported issues. I've gathered several real-world examples to understand the nature of these concern.
Case 1: They rejected my withdrawal
On June 16, 2024, a Pocket Option trader reported a recurring issue: their $2,000 withdrawal request was repeatedly rejected, each time with a different excuse. He provided a transaction screenshot as evidence. While the trader's post lacked further details regarding the reasons for the rejections, possibly incorrect documentation or verification delays.
You can consider these quick tips:
- Contact Pocket Option Customer Support: Make a direct communication to pinpoint the exact cause of the withdrawal rejections.
- Review Withdrawal Requirements: Check withdrawal method's specific requirements to ensure compliance.
- File a Regulatory Complaint: If the issue remains unresolved after contacting customer support, then you have to consider filing a formal complaint with the relevant regulatory body overseeing Pocket Option.
Case 2: I have been trying to withdraw for 6-7 months
One worse case, a Pocket Option trader in Thailand reported facing withdrawal issues for nearly seven months. Their withdrawal requests were consistently denied, though, like the previous example, the trader did not provide specific details regarding the reasons for these refusals.
Case 3: I was not allowed to withdraw money
A third Pocket Option trader reported a dispute regarding competition winnings. After achieving profits in a Pocket Option trading competition, they attempted to withdraw their earnings. However, the broker allegedly denied the withdrawal and prevented their participation in subsequent competitions.
Reputable forex brokers commonly host trading competitions as a means of attracting new investors and enhancing their market presence. These brokers typically honor their commitments, allowing traders to withdraw competition bonuses and continue participating in future events.
Conversely, poorly regulated or unregulated brokers may use competitions as a deceptive marketing tactic, attracting investors with the promise of rewards without intending to fulfill those promises.
