6 minute read
Does Pocket Option Really Pay in Nigeria? The Truth Revealed
from Pocket Option
Yes, Pocket Option does pay in Nigeria — but it comes with important conditions. Nigerian traders can withdraw profits from the platform as long as they meet the verification requirements, follow the broker’s terms of service, and use supported payment methods. That said, the experience varies depending on your understanding of trading, the risks involved, and how well you navigate the platform.
In this article, we’ll break down how Pocket Option works in Nigeria, how you get paid, common challenges Nigerian users face, and whether it’s a legit or risky choice for online trading in the country.
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What Is Pocket Option?
Pocket Option is an international binary options trading platform launched in 2017 and operated by Gembell Limited. It offers fast-paced financial trading — mostly through binary options — where users predict whether asset prices will go up or down in a short timeframe.
The platform is popular globally for its low entry requirements, fast deposits and withdrawals, demo account, and mobile-friendly interface. While not regulated by Nigeria’s SEC, it accepts Nigerian users and offers payment channels that work in the country.
Can Nigerians Trade on Pocket Option?
Yes, Nigerians can legally create an account on Pocket Option and start trading. The website and app are accessible from Nigeria without using a VPN. All you need is:
An internet connection
A phone number or email
Basic ID documents for KYC (Know Your Customer)
Pocket Option does not restrict users based on country unless local laws prohibit binary options trading (as in some parts of Europe). Nigeria currently does not ban binary options, although the Central Bank warns citizens about the risks of unregulated platforms.
Does Pocket Option Really Pay?
The Short Answer: Yes — But You Must Meet Certain Criteria
Many Nigerian users have successfully received payments from Pocket Option. The company processes withdrawals through various channels, including:
Bank cards (Visa/MasterCard)
Cryptocurrency (USDT, Bitcoin, Ethereum)
E-wallets (Skrill, Neteller)
Local fintech services
However, to get paid, you need to:
Verify your account (upload a valid ID and proof of address)
Use the same method for deposit and withdrawal (for security reasons)
Avoid fraudulent or suspicious activity
Respect the minimum withdrawal threshold (usually $10 or equivalent)
Users who fail to verify their accounts or who try to withdraw to an unsupported method will often experience delays or rejection of their payout requests.
How Long Do Withdrawals Take in Nigeria?
Withdrawal times depend on the method used:
Crypto: Fastest, usually under 24 hours
Bank Cards: 3–7 business days
E-wallets: 1–2 business days
Fintech/local agents: Varies, often within 1–2 days
Pocket Option claims to process most requests within 24 hours on business days, but delays can happen due to verification issues, high volume, or banking holidays.
Tip: To speed things up, always use the same method for deposit and withdrawal and keep your account fully verified.
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Is Pocket Option Legit in Nigeria?
Legitimacy is a gray area. Here’s why:
✅ What Makes It Legit:
Operates globally since 2017 with a large user base
Offers real payouts to verified users
Provides customer support via chat and email
Offers a demo account for practice
Thousands of positive reviews and real proof of withdrawals online
❌ What Raises Concerns:
Not regulated by Nigeria’s SEC or Central Bank
Binary options trading is high-risk and speculative
Scammers sometimes pose as Pocket Option agents on social media
Some users report account bans or delayed payouts (often due to rule violations)
In short, Pocket Option is not a scam, but it’s not regulated in Nigeria either. It’s a foreign platform offering a high-risk trading service, and the responsibility is on the user to trade wisely.
How to Withdraw from Pocket Option in Nigeria
To ensure you can withdraw your profits without stress, follow these steps:
Verify Your Identity: Upload a clear government-issued ID and proof of address.
Choose a Reliable Payment Method: Crypto is fast, but make sure you’re using a wallet you control. Cards and e-wallets are more secure for beginners.
Avoid Bonus Traps: If you accept a deposit bonus, check the terms. Most bonuses come with a trading volume requirement before you can withdraw.
Request Withdrawal During Working Days: Weekend requests may be delayed.
Contact Support If Delayed: Use the live chat or email support if your request takes longer than expected.
Common Complaints from Nigerian Users
Despite working well for many, Pocket Option has its downsides. Nigerian traders frequently report issues like:
Withdrawal Delays: Often caused by failed verification or using a different payment method from the deposit.
Account Freezing: Usually triggered by violating trading rules or suspicious behavior.
Confusion Over Bonuses: Many users don’t realize bonuses must be “worked off” before profits can be withdrawn.
Poor Financial Discipline: Because binary options are fast-paced, many lose money due to lack of strategy or emotional trading.
How to Avoid Problems When Using Pocket Option in Nigeria
Here’s how to stay on the safe side:
Never invest money you can’t afford to lose.
Use the demo account first to test your strategies.
Read the terms and conditions, especially around bonuses and withdrawals.
Stick to one payment method for deposits and withdrawals.
Avoid fake agents on WhatsApp or Telegram who claim to be Pocket Option “helpers.”
Verify your account early, even before making a deposit.
Alternatives to Pocket Option in Nigeria
If Pocket Option’s binary format feels too risky, you might consider other platforms like:
Deriv.com (Regulated, supports Nigeria, offers both binary and CFD trading)
IQ Option (Popular, but limited availability depending on region)
Binance (Crypto trading only, highly liquid)
OctaFX / Exness (For forex and CFD trading)
Each has pros and cons. Choose based on your goals — whether it's fast profit from binary options or long-term trading in forex or crypto.
Final Verdict: Is Pocket Option Worth It in Nigeria?
Yes, Pocket Option does pay in Nigeria, but you must trade wisely and follow the platform’s rules. It is a real but high-risk trading platform, best suited for users who:
Understand binary options
Can manage risk and avoid emotional decisions
Are comfortable using crypto or digital payment methods
Are okay with the fact that the platform is not regulated by Nigerian authorities
For beginners, the demo account is an excellent way to learn. If you decide to go live, start small, verify your account, and build experience before risking larger amounts.
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