Does Pocket Option Pay Real Money?

Is Pocket Option Legit? Regulation and Licensing

Is Pocket Option real money, or is this platform just simulating its actions like in a demo account? Pocket Option is officially registered as Infinite Trade LLC, located in San Jose, Costa Rica and having a Brokerage License according to the International IBC Regulation Act of 2014, with the jurisdiction of Autonomous Island of Mwali (Moheli) in Comoros Union. The detailed explanation of this background is provided in a special article devoted to regulation of Pocket Option, which reveals the exact authorities controlling the platform and what guarantees this provides.

The concerns over Pocket Option regulation and Pocket Option legit status often appear among the beginners, and the direct answer depends on the registration of the platform and its compliance with AML and KYC regulations for new accounts. Of course, none of these guarantees the protection from the risks connected with trading as such, but proves that the broker has a legal existence, registration and licensing. Is Pocket Option safe in the aspect of preventing client deposits from being mismanaged? This is another issue discussed below in the section on security.

However, there is some clarification needed regarding the meaning of the license of such type. The registration and having a brokerage license means that the company exists as a legal entity, that it is identifiable and operates within certain regulation framework with its reporting responsibilities. But it does not mean any guarantees regarding trading outcomes or deposits insurance like it could be provided by national compensation fund in some countries.

There are two completely different issues, and the confusion about whether such offshore licensed platform can be trusted happens because of misunderstanding their nature. When evaluating Pocket Option legit status, the user should evaluate two aspects at once: whether this company exists and is accountable, and whether the process of trading itself involves risks. The first one can be checked on documentary basis. The second one is always the case, independently of any licensing.

How to Earn Money on Pocket Option

Making money in Pocket Option requires the ability to predict the direction in which the price of the asset chosen by you will change during the selected period of time and opening an appropriate position. In case your prediction was right, you earn on this transaction; otherwise – you lose. With many transactions, your account balance forms accordingly.

This is where Pocket Option live profit actually comes from. In fact, the result of all transactions together, but not any additional earnings. It is impossible to make profits without bearing the corresponding risks, and a series of losses is just as probable as a series of winning transactions. Any person who thinks that one can receive some pocket money without any effort does not understand the essence of the platform or other trading platform.

From a practical point of view, it is necessary to evaluate the result of a series of transactions and not of a single transaction. The victory in a single transaction means nothing as any transaction can end up as the winner and the loser regardless of the trader's considerations. What really matters is the overall result of dozens of transactions: if the approach brings more profit than losses, having regard to position sizes, and if the person follows the same strategy in any circumstances.

That is why account balance and trading skill are not the same things. The probability of success of any transaction does not depend on the balance of the account. What depends on the account size is only the cost of the streak of losing transactions in dollars, which is why the question of position size becomes so important.

How to Place a Trade Step by Step

If you have ever asked yourself at least once: “Can I make real money on Pocket Option?”, there is only one way to prove that and it’s by showing how one places a trade.

1. Pick an asset from the menu of choices offered, like forex pairs, commodity, or stocks.

2. Determine the timeframe or expiration according to your strategy.

3. Choose the direction of the trade, estimating if it will go up or down.

4. Enter the amount of trade relative to your account balance.

5. Place the trade and monitor the position

One can do all of the above without risking any money until he or she deposits anything. Trading on a demo account does not only help to practice trading in terms of understanding the interface of the broker. It allows users to learn how the system behaves while opening or closing a position, how the results of the trades are displayed, and how the balance on the account looks like after. It may come as a surprise for someone who would deposit his or her funds first. It also gives a realistic idea of the emotions involved, because there is no difference between the feeling of seeing one’s position moving against the trader and reading about that prospect beforehand.

Deposit and Withdrawal Methods

There are plenty of various methods for depositing and withdrawing money at Pocket Option. These methods include bank transfers, debit/credit cards, e-wallets and several cryptocurrency coins. The lowest limit of deposits is $5, depending on the method chosen and in 99 percent of cases funds will be credited in 24 hours or instantly for debit/credit cards and e-wallets.

It is always good to know all Pocket Option withdrawal mechanics before depositing your account because there is a possibility that the method which you want to use is unavailable in your country. How to withdraw from Pocket Option follows largely the same logic as depositing: you should choose the same way of withdrawing money as you have done in the case of depositing. It is a usual industry practice when the funds pass the same pathways without passing to the third parties accounts.

There are four types of withdrawal methods, having their own features:

• Debit/credit cards - the most available ones and with the fast crediting of deposits. But withdrawals can take longer than deposits.

• E-wallets - the fastest ways in both ways, but their availability greatly depends on the country.

• Bank transfers - the slowest way, but often it is the most convenient in the question of large amount of money.

• Cryptocurrency coins - the quickest method of withdrawal. Network fees and confirmations times are beyond control.

In order to know what particular methods are available in your country you should consult your account registration information because it is a country dependent feature. So, you can check it before depositing in just two minutes.

Withdrawal Process and Payout Timelines

To make a request, go to the Finance tab of your account, pick the amount and the way of payment. The majority of people use the method which they have used to deposit money on the account. For a new user, there is a step-by-step withdrawal guide.

Withdrawals from e-wallets and cryptocurrencies usually take just a few hours, while a bank transfer requires from three to five business days. A Pocket Option payout works depending on the chosen payment method, but, at any case, cryptocurrency withdrawals are among the fastest. There are Pocket Option minimum withdrawal amounts for each type of payment, and they usually start from $10 and can be found on the withdrawal page.

Some diligent traders require Pocket Option withdrawal proof. The best evidence of the payment is a successful transaction into one's account, and this is why a first test withdrawal should be made to check this and with the low minimum requirements for transfers, this should be an issue for most traders.

There is a need to divide the two aspects which are called "withdrawal time". First of all, it is the processing time in the system from making the request until releasing of the funds. Secondly, it is the processing by the payment provider after that, and it is beyond the platform's hands. Bank transfers which take several days spend most of the time in the second process.

The following process describes the first withdrawal procedure:

• Verification of the account (preferably, it should be done much earlier)

• Making a withdrawal inquiry in the Finance tab and picking up the amount and payment method

• Processing of the inquiry by the platform

• Transfer of the funds by the payment provider

• Arriving of the funds on the destination account

It is necessary to understand which part of this process causes the delay in order to know what actions to take.

Security Features That Protect Your Funds

Client funds are held by Pocket Option in separate bank accounts, which is a standard practice that makes sure that the money deposited by customers does not get mixed up with the money used by the platform regardless of its performance. Transactional and personal information of customers is secured by SSL encryption and Pocket Option KYC verification of identity and the place of residence is required to withdraw the full amount of money.

This particular verification procedure appears to be the most convincing when customers get informed about its purposes because it is intended to prove the identity of the person requesting withdrawal with the person who opened the account and deposited funds. However, none of the above security measures can help to reduce the risk associated with the markets as such.

Preparation is also important to make the whole procedure as smooth as possible. In order to fulfill your KYC verification, you will need to provide those documents that every regulated financial service would request: the proof of your identity, the proof of your place of residence and sometimes the confirmation of the payment method you used. Most rejections occur because of bad quality of images, out-of-date documents or because there was a mismatch between the names on those two documents. So the best way is to submit high-quality, recent and not cropped documents at the stage of account registration. Additionally a full walkthrough guide on how to verify a Pocket Option account is available.

What Real Users Say About Pocket Option

Pocket Option reviews are mostly mixed, as they should be for any large retail online trading platform. In case of considering several opinions at once, the overall picture will become more clear and objective. Among positive aspects of using the platform, users mention quick processing of withdrawals after account verification, availability of customer support and simple user interface, understandable for the first-time users.

The most common problems appear to be related to delays and misunderstanding of documents needed for the verification. The questions like "Is Pocket Option scam or legit?" arise not because people have issues with making a withdrawal but because they had problems with the verification process. In case of the finished withdrawal, all suspicions about scam disappear automatically.

When reviewing feedback from other traders, it is better to pay attention to the type of complaints rather than their rating. If some user reports about the delayed bank transaction, he or she complains about banking procedure and not the platform activity. Another person who mentions frequent document rejections talks about the verification process, which may take longer time and cause frustration, but still serves its purpose of avoiding fraudulent transactions. Complaints about refusal of a withdrawal will be a completely different category of feedback and objectively speaking, they are rare. Sorting reviews by what they are really claiming gives a far clearer picture than counting stars.

Common Reasons Withdrawals Get Delayed (and How to Avoid Them)

The reasons why a withdrawal process can be delayed are usually pretty clear-cut and easy to foresee:

• Incomplete or unclear verification documents

• Choosing an alternative withdrawal method, not the same method used when depositing

• The amount requested is lower than the minimum limit of the selected method

• Bonus terms and conditions have not been met yet

• Processing time beyond Pocket Option’s control, especially when it comes to international bank transfers

All these reasons have one thing in common: they are all foreseeable. None of them arise during the withdrawal process itself. A little preparation will help you avoid most of them.

Submitting verification documents in advance, long before requesting a withdrawal for the very first time, helps solve the most typical problem once and for all.

Conclusion

Does Pocket Option really pay? Based on license information, segregated funds, the verification process involved, and the amount of withdrawals claimed by users, point to one direction: Yes. However, proper KYC verification and the right payout method are crucial requirements. Of course, there may be delays, but they come due to reasons that are not really hard to pinpoint and avoid. As a reader who is highly suspicious of trading platforms like this, the best way to gain confidence in such services is to try them on a small scale and understand everything about them.

Disclaimer: Trading entails risks of capital loss; previous outcomes cannot be an indicator of future achievements. This article offers general information and should not be taken as financial consultancy.