Is PocketOption Legit?

Jeremy BiberdorfBy: Jeremy Biberdorf

May 17, 2023May 17, 2023

PocketOption Logo

Trading in the financial markets has become increasingly popular, and with this surge in popularity comes a growing demand for reliable and effective trading platforms. One such platform is PocketOption, a binary options broker that has gained attention for its user-friendly interface and features.

But is PocketOption legit? In this article, we’ll examine PocketOption’s features, user reviews, and overall reputation to determine if it’s a reliable trading platform worth considering.
Learn More About PocketOption

Company Background

PocketOption, founded in 2017, is an online binary options and forex trading platform that has been offering its users a unique and user-friendly trading experience. The platform is owned and operated by Gembell Limited, a company registered in the Marshall Islands. Gembell Limited is regulated by the International Financial Market Relations Regulation Center (IFMRRC), a self-regulatory body that aims to provide a secure trading environment and ensure the protection of traders’ rights.

PocketOption boasts a comprehensive range of assets, including stocks, commodities, indices, and currency pairs, which allows users to trade in various financial markets. The platform has attracted traders from around the world due to its innovative features, such as social trading, quick trading, and a wide range of technical analysis tools.

One of the most notable features of PocketOption is its demo account, which allows users to practice and develop their trading skills without the risk of losing real money. Additionally, the platform offers educational resources, including webinars, video tutorials, and articles, to support traders in making informed decisions.

Despite its relatively short history, PocketOption has managed to garner significant attention and a growing user base. However, it is essential to consider the company’s background and regulatory status when determining its legitimacy.

Customer Reviews

PocketOption has a TrustScore of 4 out of 5 on Trustpilot, based on 2,623 reviews. This indicates that the platform has a good reputation among its users, who appreciate its features and services. Here are some highlights from customer reviews:

  • Fast withdrawals: Users have praised PocketOption for its fast withdrawal process, which is a significant advantage compared to other trading platforms. One user shared their experience of depositing $70 and growing their balance to $700, thanks to the platform’s high payouts.
  • User-friendly interface: The platform’s user-friendly interface has been well-received by traders, with many users praising its ease of use and advanced charting tools. This makes PocketOption suitable for both beginners and experienced traders.
  • Expiry times and variety of instruments: PocketOption offers a wide range of trading instruments and more expiry times than other binary options brokers. This flexibility allows traders to tailor their trading strategies according to their preferences and risk tolerance.
  • Customer support: PocketOption’s customer support has received positive feedback, with users appreciating the platform’s prompt and helpful assistance.

And here is a look at what customers specifically said:

“A really good broker. Been with them for years and am super satisfied. Quick withdrawals too. A really honest broker. Support is really good too. They answer in timely manners, and they have a lot of great features that are unavailable on other option platforms. They have a great selection of indicators and tools to help analyze the market as well.”
“Pocket option is one of the top quality trading platforms for real because it supports almost all trading and analytical indicators that guide the trader to place a trade at the right moment. I highly recommend p.o for stock market trading and beyond. My experience at least is very pleasant with p.o not to forget the highly reliable and quick response that the customer service provides. Finally, risks are always there in the world of trading… manage your capital first.”
“The best broker for trading. I have been with them for a year now and I have no problem at all… they are honest brokers, my withdrawals are paid within 2 hours. Very happy about them. They still try to make the platform better, support is fast and they even put some new trading pairs into the platform… They are amazing. Keep doing your great work, Pocket Option team :)”

Final Thoughts – Is PocketOption Worth it?

Based on the platform’s features, user reviews, and overall reputation, PocketOption appears to be a legit and reliable trading platform for binary options trading. The platform offers a user-friendly interface, advanced charting tools, fast withdrawals, and a wide range of trading instruments, making it an attractive choice for both novice and experienced traders.

Furthermore, PocketOption’s high payouts can help traders maximize their profits, while its social trading and tournament features add an element of excitement and competition to the trading experience.

However, it’s important to note that trading in binary options carries inherent risks, and it’s crucial to understand these risks and develop a well-informed trading strategy before committing any funds. As with any trading platform, always do your research and practice responsible trading.

PocketOption appears to be a legitimate and reliable binary options trading platform that offers a range of features and services to meet the needs of its users. If you’re interested in trading binary options, PocketOption is worth it. Click here to get started with PocketOption today.

Get Started With PocketOption

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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