Pocket Option Review 2022 – Is It A Scam Or A Trusted Broker?
The minimum required for the first deposit is only $5. Advantages
• The withdrawal process moves at a glacial pace
About the Manufacturer
New and experienced professional traders alike can take advantage of Pocket Option’s wide range of useful features. This trading platform is intuitive and provides its users with a high-quality experience every time they log in. It operates in over 95 countries and regions, providing regulated services to customers in all of those locations. At the moment, Pocket Option has more than 20,000 daily active users and a day trading turnover of over $5 million. In this review, we will walk you through the various features that can be found on the platform. These features will assist you in learning more about the broker, the assets, the mobile apps, and how to register a trading account.
Pocket Option is a CFD and forex trading broker, but it is most known for the binary trading options that it provides. It only provides one size of account for outstanding accounts, but you can utilize that account on two distinct trading platforms.
Since entering the market for binary options in 2017, this Forex Trader has established a strong reputation both among traders and among other brokers in the industry. Gembell Limited, which has its headquarters in the Marshall Islands, is the company that is in charge of running and operating it. Over one hundred various types of trading instruments are available through Pocket Option. These products include equities, cryptocurrencies, and currency pairs. The binary options broker has created a trading platform that is web-based and can make trading simple for you.
The Review of the Pocket Option Trading Platform
This broker has traders who are successful all over the world, and anyone may sign up for an account with them. On any device you choose, you can access the trading platform via the mobile trading app, the download version, or the web platform. Trading on Pocket Option is made simpler and more straightforward with the web platform, which features an intuitive and well-organized interface for traders. You will have access to a simple and professional chat environment along with several analysis tools. You may also use MetaTrader 5 for technical analysis and automatic trading. Both of these functions are available to you.
Review of the Pocket Option
The popularity of Pocket Option is demonstrated by the amazing numbers that they present. At any given time, they have more than 8,000 dealers from all around the world online. This comprehensive evaluation will provide you with the information you need to make an informed decision about this broker, including the trading conditions and support options.
Trade Types
High/low options are the types of trades that can be made with Pocket Option [1]. This is the most fundamental kind of trading binary options, and it enables traders to obtain a satisfied payoff in the shortest amount of time possible. Pocket Option streamlines the trading procedure by requiring users to merely establish a time limit and make an educated guess regarding whether the asset price will be higher or lower at the conclusion of the allotted period. Trading binary options and adding to your account balance may be done very successfully and quickly with the High/low option because it features a payment method that is very close to instantaneous. If you are new to binary options, you can practice your strategy in a short amount of time by using this high/low option.
Payouts
On the market for binary options, Pocket Option is well-known for having payments that are above average. According to the information provided on the website of Pocket Option, you have the potential to earn payments of up to 218%, which is larger than the majority of binary option firms. Trading in highs and lows typically results in payments that are greater than those offered by adder and pair options. Trading in high/low options for 60 seconds might potentially net you a substantial profit in a very short amount of time. However, because too many unsuccessful transactions can place you at a financial loss, you should exercise extreme caution while reading High/low options.
Promotional gifts and incentives
When you open a live account with a pocket option, you are eligible for a deposit bonus of up to fifty percent on your initial investments. The more your initial investment, the higher your bonus percentage will be. Although all traders stand to benefit from this deposit bonus, the only ones who can actually cash in on it are those with more considerable sums of trading capital. The drawback is that you won’t be able to withdraw any money until after you’ve begun trading. It is not possible to withdraw the bonuses right away; first, they must be traded a predetermined amount of times before that can happen. This is a common technique that is intended to safeguard brokers against fraudulent sign-ups made with the sole intention of promptly taking the bonus money.
Free Trial Account
If you are undecided whether to practice or trade with real money, the demo account pocket option is a terrific resource to have. Before investing real money, it is essential to get some experience under your belt by making trades using the practice account’s virtual funds first. To utilize the demo account, you do not need to register, in contrast to when you are trading with a real account. Simply go to the website for pocket option and click the button labeled “demo account” to get a free virtual bankroll worth $10,000. You will have access to a sufficient amount of experience, and the organization of your account is straightforward.
Mobile Trading
Pocket Option provides a wide variety of opportunities to trade, including when, where, and how you can do it. MetaTrader 4 and MetaTrader 5 are both compatible with their mobile app pocket, which is available on Android and iOS systems. These platforms are well-known all around the world for providing users with a diverse selection of communication choices, periods, and technical indicators. Keeping up with the latest market news is made much simpler as a result of this. Because it is straightforward and optimized for usage on mobile devices, you will be able to access all of the platform’s capabilities through mobile applications. This mobile software may be downloaded for free, and it features a quick user interface.
Assets
On Pocket Option, you can trade more than 130 different underlying assets. These assets can be placed into one of five categories: cryptocurrencies, commodities, forex, or indices. Stocks round out the list. You will see a representation of the assets being exchanged on the website, along with the proportion of the reward that corresponds to each asset. Trading in these assets gives you a wide variety of potential opportunities to make a profit.
Transactions for Deposits and Withdrawals
On Pocket Option, you can fund your account using e-wallets, credit and debit cards, wire transfers, cryptocurrency, and other payment methods. You are able to make deposits using a number of different cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. You will not experience any difficulties when transferring funds to or from the platform, regardless of the method that you choose to use. You will also notice that the minimum amount required to withdraw is lower than the minimum amount required to deposit, with the minimum amount required to withdraw being set at $10. The user interface of Pocket Option makes the process of depositing and withdrawing funds much simpler, making it much simpler for you to withdraw all of your funds. In order to get started with a Live account, a minimum deposit of at least $50 is required.
Special Features
Pocket Option provides a number of specialized features designed to enhance the user’s experience. If you have a Live account, you’ll have access to the majority of these services. Through the use of the social trading function, novice traders are able to observe the practices of more experienced traders in order to determine which strategies result in profitable trades. Before you start trading, you can have immediate access to social trading and learn from the deals made by the most experienced traders.
Tournaments provide traders of binary options with the opportunity to compete against one another and win prizes. This is a competitive atmosphere in which you will be able to evaluate your performance in comparison to that of other traders and compete for prize amounts of up to $50,000. You can get trading advantages such as a payout percentage bonus and trading cash when you sign up with this company. You will also find signs and signals showing you when the market flips and prices climb or fall. New traders can use these indicators to stay informed about the best times to trade in order to maximize their profits.
Last but not least, if you participate in enough tournaments, you can gain accolades that demonstrate your level of trading expertise. They are equally as valuable as the 50,000 dollar prize money, and in addition, you have the opportunity to earn a payout % bonus on top of your initial investment. If you actively engage in trading, achieving this award will help you enhance your trading talents.
Assistance to Customers
This website for trading binary options boasts one of the top customer care services in the industry. They have an email address and a phone number that can be found on their website, so customers can contact them at any time. Since all of the relevant information can be found on the website, it shouldn’t be difficult for you to get in touch with the customer care service of Pocket Option. You can also get in touch with their customer support team through social networking sites such as Facebook, Twitter, and Instagram. Additionally, the website has a live chat option that allows users to rapidly begin conversing with customer service representatives. If you have any questions but are unable to have a conversation with someone right now, you can fill out the contact form that is located on the website, and someone will get back to you as soon as they can.
Review of the Pocket Option – Concluding Thoughts
Pocket Option is widely regarded as one of the most reliable platforms for trading binary options currently available. According to our observations and examinations, this is a trustworthy broker for online trading that offers safe depositing and cashing out options. If you want to have the best possible experience trading, make sure the trading platform you choose has all the necessary features and that you work with a broker who is regulated. The fact that it is regulated by both the IFMRRC and the Cyprus Securities and Exchange Commission in Cyprus lends it the characteristics of an intriguing and forward-thinking online broker.
Questions That Are Typically Asked (FAQs)
Can you make additional profits on the demo account?
You will be able to familiarize yourself with the platform and practice your trading skills on a variety of assets if you sign up for the free demo account. Demo trading money are not considered real funds and so cannot be withdrawn from the demo account. However, you can earn funds by building successful teams.