Pocket Option is doing its best to make the trading process as accessible as possible but you might still have some questions about the multiple features on the platform and its general use. Let’s have a look at some of the most frequent ones.
Platform layout theme
To make your trading experience very comfortable and smooth, Pocket Option offers 4 different thematic layouts based on various colors: dark blue (default theme), dark and light themes, and dark green. To choose the theme that best suits your taste clicks on your profile avatar on the right-hand side of the page, then “Settings” and “Theme”:
After choosing a new theme, you should see your background and windows change color according to the chosen color layout. It is also possible to free up screen space by hiding or bringing out certain panels.
Placing Trade Orders
Pocket Option offers several trading modes to its users: Digital, Quick Trading, and MT5 Forex, each one available as Demo accounts too. The main feature of quick trading is the fact that it allows setting a specific expiration time for trades, as well as using timeframes as short as 30 seconds. Digital trading is more traditional and places a trade within the chosen timeframe (note that time till expiration includes additional 30 seconds), thus having a set time period until the trade is executed. MT5 or MetaTrader 5 is an inbuilt terminal that allows trading on Forex through Pocket Option.
There are many assets available on the platform, starting from cryptocurrencies, indices and stocks to commodities and currency pairs. You can either search for an asset manually under the search box or by selecting it from a category:
Stocks represent shares or ownership of a portion of a company, in proportion to the firm value and the total number of shares. Stock prices are one of the most common instruments for trading and investing; stock prices are affected by many factors, such as market changes and changes within the corporations or industries. Currency pairs quote the value of one currency in terms of another and represent the most liquid and the largest market. Cryptocurrencies are tradable virtual coins that are based on blockchain technology. Indices are assets that track the overall stock market or a certain industry and are often useful for comparing the performance of a specific stock to the market level. Commodities are basic goods, often raw materials like gold or oil, that can be traded on the platform.
By clicking the star sign next to a certain asset allows you to add it to your favorites, which will then appear on the bar above your trading screen for quick access. You can also see a percentage to the right of each asset and that number represents its profitability.
Placing a trade
To determine the purchase time in the Digital Trading mode, click on the time box and choose the time option that suits your trade. Remember that in this trading mode the actual purchase time will be +30 seconds to your chosen time.
You can easily switch to digital trading by clicking on the flag icon under the time box on the trading panel. Quick Trade purchase time requires you to set time until the expiration instead of the purchase time.
You also need to determine the amount that will be placed on trade as well as choose the strike price under Digital Trading (the use of a strike price is optional). Strike price determines the price at which the asset is going to be traded at the time of exercise, which can be above or below the market level at the time. The difference between the strike and market prices affects your payout amount and risk as you are not only anticipating the direction of the price movement but also by how much it will change. If you anticipate a price increase then you need to choose the “Up” button and vice versa.
Pocket Option allows you to postpone the execution of a trade by using pending trades and placing them when certain parameters are achieved: for example, at a specific future time point or when the asset of choice reaches some price level. Another advantage of this option is the possibility of closing such a trade before it is executed in case you change your mind.
The platform also offers express trades, which has the potential of increasing a position’s payout by creating a complex forecast across multiple assets and events that affect them. Remember that this does not guarantee higher profits as any trading involves capital loss risks.
Social trading is a great feature on Pocket Option that allows you to replicate trades of other users, communicate with them, chat, look at their rating and progress, get the latest news, promotions, and analytics.
In case you do not have the time or the expertise to trade yourself, Pocket Option allows you to place orders by simply replicating the positions of other users. You can choose who to copy from the list of most successful traders provided by the platform or search for a specific user manually. Once you have chosen a trader, you can click on their name to examine their performance closer:
You can either copy an entire original position amount or in the chosen proportion, terminate a copying order manually, or use the “Stop balance” option, set minimum and maximum amounts for a position. Remember that losses will be replicated just like any profits that were made by the traders you are copying.
The platform also allows you to see the trading positions of other users in real-time. To activate this option, click on the social trading icon under the features of the asset (the three dots next to the other icons around the asset):
This feature has another advantage: it allows you to copy trades of others straight from the chart within a time frame of 10 seconds after they appear. If you have sufficient funds on your account, a position will open for the same amount as the person you are copying.
Multiple charts display
In case you are trading multiple assets, such as currency pairs, at the same time, you can display up to 4 charts simultaneously to make your trading process more comfortable. To access that feature, navigate towards the trading section on the left-hand side of the panel and click on the chart button, like shown below:
There are different layouts available for each combination; for instance, you might set up a chart with 4 simultaneous assets as follows:
There are also several ways in which you can arrange multiple charts, and you can use indicators, drawings, and other features on each one of them. Of course, you can always choose multiple tabs in your browser as an alternative.
Hiding the trading panel
You can hide the trading panel while using multiple charts to free up space for the charts for each asset. To do so, click on the button with features (3 dots) next to the asset and then the icon with a gamepad on it. Now your trading bar, with the position’s timeframe, amount, and trade direction will be hidden. You can bring out the panel again by clicking on the same icon.
Pocket option offers 4 different chart types on the platform: Bars, Candles, Line, and Heiken Ashi. Let’s consider each one of them.
The line chart plots a line that tracks the movements of an asset’s price over a certain time period; it tends to reduce the price ‘noise’ since it is based on the closing prices of the instrument. You can also choose the option to color in the area under the line chart, as shown below; this chart may be useful for long-term price analysis.
The candlestick chart consists of a central bar (also referred to as the “body”) that represents the distance between the opening and closing price the asset is being traded at, as well as the upper and the lower shadow (the thin line that goes out on either side of the candle) that represent price high and low respectively. A candle is of green color if the closing price was higher than the opening (price increase) and red in the opposite case.
The bar chart is based on a similar concept as candlesticks, as it also consists of open and close, high and low price points of an asset over a certain time frame. A bar chart consists of a vertical line, which represents the distance between the low and the high price points, as well as two short perpendicular lines that show the opening and closing prices.
Heiken Ashi uses the same concept as the candlesticks in reflecting average asset’s price movement except that it evens out the noise from price fluctuations as it is based on a modified calculation of close and open prices.
Pocket Option allows you to custom Candles, Bars, and Heiken Ashi chart types, change their color, as well as select time, frames that work best for you, enable the timer, auto-scroll, and grid snap.
Indicators are useful tools when you are performing technical analysis in trading and help in such things as indicating the possible future price direction or identifying a general market trend. Pocket Option offers a great variety of different indicators that you can use in your trading process, ranging from stochastic oscillators to moving averages and momentum indicators. You can find them under the horizontal slider icon next to the asset.
Each of the chosen indicators may have its setting and features that you can adjust, such as the periodicity or the style (colors of the indicator). For example, the moving average indicator shown below can be changed into other types, such as the exponential moving average (EMA) or a weighted moving average (WMA):
You can also temporarily hide the indicator by clicking on the eye symbol next to it or remove it completely by clicking on the small cross sign. And of course, you can use a combination of several indicators on a chart at the same time, hide them and bring them back on display.
Drawings allow you to create geometric shapes for technical analysis, to, for example, determine support and resistance levels using lines or Fibonacci retracements. You can find them under the brush icon next to the asset:
These are special combinations of keys on your keyboard that might help you save up some time while trading. Hotkeys allow you to manage the settings of your trade quicker by changing timeframes, strike prices, amounts placed on a position, and so on, with a few clicks. To learn about hotkeys configuration as well as activate or deactivate them, click on the “Hotkeys” button on the right-side panel of your interface:
A Demo account is a great feature of Pocket Option that allows you to practice your trading skills as well as get familiar with the platform before investing real capital. Note that a Demo account does not use real funds and the trades are also virtual, so you cannot withdraw any money from it.
In case you run out of funds on your demo balance, you can always select the “Top-up” button after clicking on the balance amount to increase the amount and continue your trading practice. Once you feel ready enough to trade with real money, you can easily switch to a real account, complete verification and make a deposit.
A real account requires real funds to execute real trades; remember that there is always a certain level of risk associated with trading. As Pocket Option tries to ensure the security of all of its users, verification of your profile using a valid ID card and a proof of address is required under the Anti-Money Laundering and Know Your Customer (KYC) policies. It is therefore necessary to complete your profile as well as submit the appropriate documentation. These procedures help the data protection and safety on the platform, as well as grant you access to a great variety of features on Pocket Option.
Once you feel prepared enough to start trading using real money, you can deposit funds into your account. Pocket Option offers several depositing options; note that some methods need a complete verification of your account. The amount of your deposit will change the level of your profile accordingly. To make a deposit, choose the “Finance” section on the left bar of your interface and then click “Deposit”. You will then see a selection of all possible deposit methods available on the platform, including credit cards, cryptocurrency, or eWallet:
The majority of payments are processed within moments. Depending on your location, a full account verification may be required for a credit card, eWallet, and other payment methods.
Note that, to ensure security on the platform, the withdrawal method would be the same as the deposit to users that have completed their account verification. In case it is not possible to use the previous withdrawal anymore do not hesitate to approve new withdrawal methods after contacting specialists from the Support Team. In case you have made any mistakes while placing your withdrawal request, it is possible to cancel it (up till the moment its status becomes “Complete”) and submit a new one. Usually, withdrawal requests are processed within 1-3 working days. In case a longer time is required for processing a request, the Service Desk will notify you.
The selection of payment systems and the minimum deposit amount also depend on your location. Also, even though the currency of your payment method may depend on the region, the account balance is funded in US dollars and appropriate conversion will be performed. You can similarly withdraw money from the platform in your local currency. Pocket Option does not apply fees for deposit, withdrawal, or currency conversion.
You can also use your deposit bonus or promo. To do so, copy-paste it into a box dedicated for that purpose once you click on your chosen method of payment:
The Finance section also allows you to check the history of deposits and withdrawals, check the available promo codes or cashback options. Cashback is a great option available on Pocket Option that allows traders to get back up to 10% of losses from trades.
Hopefully, this guide answered some of your questions regarding trading on Pocket Option. Enjoy trading on the platform and best of luck!
Risk Warning: The trading products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never trade money that you cannot afford to lose.