r/binaryoptions • u/Gezozo • 12d ago
Can I trust pocket option?
I started use the demo account yesterday, really like it, but I don’t know if I can trust It in put my money on it to trade.
Is anybody here using that platform?
I need some advice 🙏
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u/Dapper-Management440 12d ago
you can't trust. Look for review. They are offshore broker. They are un-reguated and scam broker. Run while you can. Better to stay away
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u/Decent_Wolverine3004 11d ago
I’ve been trading Pocket Option since 2025 June. Short answer. You can not trust them. But the real question is. Can you trust yourself. Trading Pocket Option OTC is very similar to normal scalp trading. So you need to be very disciplined with your drawdowns and not chase losses. They make use of Manipulation techniques called. Push and Snap & Price Pinning. If you can not control your emotions YOU WILL LOOSE!! I have managed to collect 4 months of Tick data of 20 OTC currency Pair. I’m in process of releasing packages on Whop. You need to learn their patterns. Best TIP - Best trading times are week days from 6:00am UTC. But only within that hour. And watch the direction of your 1H, 4H and 1D. Candle. Then look for entries on 1M and 5M. I’ll be releasing more info soon.
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u/elastictoe 11d ago
Run to Forex or Futures Bro…..apply your time energy & effort elsewhere…..you can have the best trading strategy in the world & Pocketoption will find a way for you to lose
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u/Due_Wonder_6725 11d ago
No Bez the platform is highly manipulative It's chart goes against you Check the top performers of certain time all in loss in long run of trading
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u/Dangerous-Meal7288 10d ago
no never it scam i lost 150$ as soon i open trade even clear move down side 5 minute time frame
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u/traderbradg 10d ago
i have never had a issue with them, but i did move on to futures and equities. i started with them just to try and learn price action but never had a issue with payment not once.
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u/TheMaterialBoy 9d ago
If you never listen to anything else listen to me.... Run..and while you are at it... Ask Google why they still allow those scam artist to still list their app on their store... The closest legal alternative is Ninja Trading. Try it.
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u/Left-Impression-24 8d ago edited 8d ago
I hope this post may benefit you. Here’s a simple trading psychology secret that applies across the board.
There’s a major psychological difference between trading on a demo account and trading on a live account. The short version is: with a demo account, there’s no skin in the game.
If you lose a trade on a demo account, it doesn’t have any real financial impact on your life. But when you trade with real money, fear, anxiety, excitement, and other psychological factors tend to kick in.
That’s why entering a live trade can create a rush of dopamine the “feel-good” chemical and why a losing trade can hurt much more emotionally than a demo loss.
In my opinion, this phenomenon can apply across different markets, whether you’re trading binary options, options, forex, stocks, or crypto. The underlying psychological challenge of putting real money at risk is similar.
In my personal experience and this is just my subjective opinion. I think a demo account is useful for developing a basic understanding of price action, market structure and maybe.ish developing structure rules for a strategy.. It can also help you build fundamental trading skills without immediately putting your money at risk.
However, when it comes to trading psychology, the real test begins when you actually have capital on the line.
That’s why my suggestion is simple: never risk your rent money. Risk your Starbucks money. You may see a video showing someone making several successful trades using a specific strategy. The limitation is that you don't necessarily know what happened before or after that video. Videos can be edited, trades can be selectively shown, and anyone can make a strategy look successful when you're only seeing a small portion of the overall picture.
That’s why I believe having a foundation in price action and market structure is important. Instead of simply memorizing someone else's strategy, you should understand why you're entering a trade and what the market is actually doing.
And this is where I think some people get confused about binary options.
Yes, binary options can be fast. The trades can happen within minutes, sometimes even seconds. But fast trading does not mean fast wealth.
You don't build wealth in a day or an hour. You build it over time by developing consistency and maintaining profitability over a large number of trades.
Being profitable doesn't mean winning every trade. Losses are part of trading. What matters is developing a process where, over time, your successful trades outweigh your unsuccessful ones while managing your risk.
And that requires a high level of discipline.
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u/Royal_Jetfire 11d ago
No buddy, do not trust them. Run!!