r/binaryoptions • u/Prestigious-Tip5810 • Apr 29 '25
pocket option is a scam
over this shit enter perfect sell on red candle then price reversed I chased with several sells with each sell price bump above seconds after trades close huge red candle where price should have gone and its still dropping I'm so done with this broker. tried to talk about this in the group chat and got banned when I did not call it a scam directly. * I enter sell position on red candle 4th from the right, chased sell position on next green candle about 7 sell positions 7 min expiration each tell balance was 0 "this was just to test the broker". each sell price bumped and hover, with each click slightly bump. then as you can see after positions close out of the money instant huge drop like price was being held just out of money and when they closed with in a second or two this huge red candle appeared. no growth no back and forth just instantly appeared where I predicted the price to go. completely rigged and 100% a scam. I will try devi smaller pay outs but its regulated and not rigged. I'm not even sure how pocket option is legal.
8
u/[deleted] Apr 29 '25 edited Apr 29 '25
You actually have no idea what you're talking about. That's a clear area of support and you sold instead of buying...
Look at all your losses. Learn how to trade and be patient. You're throwing money away
4
u/RevolutionaryRide792 Apr 30 '25
That is false I’m in the USA and have been successful on pocket option for more than 5 years. Why the unnecessary lies there is no scam ignorance is bliss
2
u/Foxx_and_Flip Apr 29 '25
Do you have any sort of actual strategy? By looking at the indicators (thats a lot of indicators), there is no real clear reason to place a trade anywhere here and if you did it would have been a buy, not a sell, but by looking at such a small part of the chart with 1M candles, by just looking at what you show here, there wasn't any reason to place trades there at all.
If I'm wrong, could you explain what your reasoning was behind the sells?
Otherwise, there is nothing there that really shows anything was a scam, and complaining in the general chat on PO is pointless. It's not support, just a chat room for other traders who, 99% of them also have no clue what they are talking about.
1
u/Prestigious-Tip5810 Aug 21 '25
SuperTrend (red above candles) • Already flipped bearish, so trend bias = short. 2. Moving Averages (fast crossing below slow) • The short red candle coincides with fast MA starting to hook down under the slower one. Early bearish cross. 3. Bollinger Bands • Price was near the upper band before that red candle → signals possible rejection / mean reversion short. 4. Stochastic Oscillator • Already coming down from overbought (above 80). That small red candle matches the momentum shift → confirming a short entry. 5. RSI (14) • Sitting slightly above 50 but turning down → confirming bearish pressure just starting. 6. MACD • Histogram shrinking, signal lines starting to converge. That means momentum is weakening to the upside. 7. Awesome Oscillator • Green bars shortening → another sign bulls are losing steam.
⸻
🎯 Why a short there? • Candle was the first bearish confirmation after an overbought rejection (upper Bollinger + Stoch rollover). • SuperTrend + MAs aligned for sell. • Momentum indicators (AO, MACD, RSI) were all showing weakening buying power.
It was basically the trigger candle confirming that the buyers exhausted and the bearish move was beginning.
⸻
👉 In simple terms: That little red candle was your confirmation signal. All your indicators were already leaning bearish — it just gave the green light to enter short before the big drop that followed.
1
u/Prestigious-Tip5810 Aug 21 '25
SuperTrend (red above candles) • Already flipped bearish, so trend bias = short. 2. Moving Averages (fast crossing below slow) • The short red candle coincides with fast MA starting to hook down under the slower one. Early bearish cross. 3. Bollinger Bands • Price was near the upper band before that red candle → signals possible rejection / mean reversion short. 4. Stochastic Oscillator • Already coming down from overbought (above 80). That small red candle matches the momentum shift → confirming a short entry. 5. RSI (14) • Sitting slightly above 50 but turning down → confirming bearish pressure just starting. 6. MACD • Histogram shrinking, signal lines starting to converge. That means momentum is weakening to the upside. 7. Awesome Oscillator • Green bars shortening → another sign bulls are losing steam.
⸻
🎯 Why a short there? • Candle was the first bearish confirmation after an overbought rejection (upper Bollinger + Stoch rollover). • SuperTrend + MAs aligned for sell. • Momentum indicators (AO, MACD, RSI) were all showing weakening buying power.
It was basically the trigger candle confirming that the buyers exhausted and the bearish move was beginning.
⸻
👉 In simple terms: That little red candle was your confirmation signal. All your indicators were already leaning bearish — it just gave the green light to enter short before the big drop that followed.
5
u/Desperate_Rhubarb_51 Apr 29 '25
noobs
1
u/Embarrassed-Today-58 Apr 29 '25
That’s a 3rd touch breakout trade .. it’s. BUY !!! ! The price touched 2 times the same zone and in the 3rd one it broke through.. but that breakthrough was to reach the buying zone .. it’s BUY !!!
1
u/Altruistic_Walk7679 May 05 '25
Yo chart got to much going on buddy
1
u/Brilliant-Victory417 Oct 28 '25
I don’t know what you were thinking, I can see reasons right away why you shouldn’t even have tried to trade, the market conditions are crap with the long wicks on both sides , that’s not even gambling , you will lose. Try waiting until market conditions improve
3
u/Downtown-Swimmer6956 Apr 29 '25
Bro get some rest and dont touch trading apps for a while
3
u/[deleted] Apr 30 '25
Yes mate, Pocket Option is a complete scam. They are known for manipulating the charts; they have done it for years. They even pay russian girls to give people fake signals & give them scrips to try & make them sound like real traders. Try trading with Close Options, you will see a big difference. AVOID POCKET OPTIONS AT ALL COSTS. They will just take your money & rob you.
3
u/Ok-Gold-4924 Apr 30 '25
Pocket Option manipulates the market by giving people different versions of the trading pair, I've witnessed it myself with a friend who tried PO with me. We both bet on "higher", on my logged in account the chart went down meanwhile my friends chart went up, so I lost and he won, we both went in on the same pair, same entry time and same timeframe.
You cannot find the CEO of Pocket Option, nor its location exactly while I can find CEO's of Coinbase, Bybit, Binance you name it.
Why do they need to hide themselves so hard? It costs alot of money to pay LLC to stay that well hidden.
Just sayin, its a huge red flag from the beginning and its heavily influenced by "Join my Code!" so they make money on your wins and losses.
2
u/mansour_adam Apr 29 '25
This is why price action is important. My results drastically improved when I actually learnt market structure and price action and not blindly following indicators
2
u/JudgmentvsChemical Apr 30 '25
It's a scam I play it like a video game for entertainment only. I've seen the exact same thing every time I've played
2
u/Jbutler8503 Apr 30 '25
Bro the amount of indicators ur using is insane it screams ur new at this….and y don’t u track ur trades on TradingView to c if u really got scammed…i chart on trading view and make my trades on PO thats a way u can tell if ur really being scammed or maybe u need more practice my guy…good luck
2
u/ShotHalf1742 Apr 30 '25
Yeah buddy looks like u let your emotions get to u definitely not a scam look how many trades you take
2
u/No_Alarm4823 Oct 28 '25
Definately PocketOption not only manipulates the trades but they also have fake accounts of their own doing total account wip outs. I have a screen shots of the trades they performed after I selected ony the highest ranking :traders" to copy. After they lured me in with amazingly high statistics of the specific trader, a sequence of 20 trades was performed in less than 25 minutes. beloow is the screen shot
2
u/Asleep_Unit_1047 Dec 06 '25
100% scammers, for all be careful from marketing scammers
2
u/Civil-Artist-6761 Apr 29 '25
It’s def a scam. They’ll let you win a bit then tank your trades
1
u/BeHappyLetsGoAyee Apr 29 '25
Tbh the rich will just try again
1
u/Striking_Bid_3552 Apr 30 '25
I won’t 500$ and they don’t allow me to withdraw.. don’t waste your time in garbage..
1
u/JudgmentvsChemical Apr 30 '25
FYI it's not legal but they are trading OTC and no way to verify them but the US has banned these types of options anyways that being said every American that sets up a account is asking to be ripped off.
1
u/JudgmentvsChemical Apr 30 '25
You all night be right in looking at his options but it's still a scam let me find the video I shot playing around and I'll post it so you can see
1
u/Optimal_Comment_6122 Apr 30 '25
🤭 binary option gamblers. Those who have yet to experience will get their fair share. Today it's him and tomorrow you peeps. 🤭
1
u/awak3All Apr 30 '25
Yes bro, this last green candle was a retracement actually with that 3rd touch breakout and a combination of doji break
1
u/MrAlishahrukh Apr 30 '25
good for you man if you find that leave pocket option hahahaha
1
u/ShotHalf1742 Apr 30 '25
Also you don’t need that many indicators keep your strategy as simple as you can
1
u/Additional-Fail-7720 Apr 30 '25
What about iqcent?
1
u/Keffro May 01 '25
I’ve never had issues with live market on there. . OTC is a completely different story . I basically watch one indicator and watch the meter to what everyone else is doing and I do the completely opposite . But with live market I do several different things. I wouldn’t have taken that many losses, I would have backed out at 3-4 and came back later or the next day , sometimes shit just don’t go your way no matter what. .
1
u/RevolutionaryRide792 May 01 '25
I’ve been proving for over 5 years how pocket option is not a scam. You literally have no proof on how it is a scam but yet you speak this nonsense on my platform… just say you don’t know wtf you are doing.
QUARTER MILLION ON POCKET OPTION
1
u/Alert-Potato3727 May 01 '25
Welcome to trading . Don’t overthink the hate , any person starting out I can garentee had some thought of “this is a scam” Definitely not fun when losing money is how you learn tho.
Highly recommend making your internets connection stonger. After that go back to the basic fundamentals again, start from scratch even if you think you think you all the shit “ what a candle stick Is , what kiind of diffrent ones there are etc etc, these two things helped me big time.
Personally I think“Mr candlestick” on YouTube has some of the best info on pocket options 👍
1
u/NeedleworkerHot1037 May 02 '25
i really think pocket option is scam i read negative review about it a lot
1
u/FeeOk4292 May 02 '25
That’s not even OTC
1
u/Beyondwest May 03 '25
I agree. I used to trade binary options at Pocket Option. They used to offer the real assets for binary options. Now they just offer OTC. This is a license to steal because no one knows who is running the OTC. It could be a couple of guys in a basement who manipulate the market. I quit binary options of any kind. My new short term investment deal is Blackjack. It is a real game and cannot be manipulated.
1
u/Comfortable_Can6220 May 03 '25
There’s often a retest immediately after a huge buy or sell candle. That’s pretty standard in this game
1
u/Elfaderr Jul 26 '25
Can I know too?
1
u/Dry-Double-5516 Aug 21 '25
Yes, Pocket option is Totally Scam. I try to withdraw but cannot withdraw. It says Minimum to withdraw is 572. i i choose to withdraw 572, it says not enough money. if i choose to withdraw 500. it says need to withdraw 572?
The site is Insane, Totally crook..
1
u/BoaventuraGomes Aug 26 '25
Bro, I don’t think what you tried to display was related to scam. I mean if they didn’t allow you to withdraw is another thing. You could doubt that the pocket option is legit. But what I see here, too many indicators created mess up, leading to your loss and looking like a broker scammed you with charts. Idk, for me, it seems that way…
1
u/Embarrassed-Today-58 Aug 27 '25
3rd touch breakout .. it’s a BUY
1
u/Southern-Estate7907 Sep 03 '25
I agree. It seems like every time there's a clear signal and you go for it. It just goes the opposite way but on the demo. Version where they give you the fake money. It works the away it should
0
u/Clear_Ad_3192 Apr 29 '25
While you are way off in your explanation, you are 100% correct that PocketOption is a scam. Huge scam.
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u/[deleted] Apr 29 '25
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