Established in 2017 and registered in the Marshall Islands, Pocket Option is a relatively new platform to the binary options market. Pocket Option is known for encouraging beginner traders to open an account with their popular free demo account. Their easy-to-use trading screen and their minimum investment requirement are also advantages. This broker is regulated by the FMRRC (Russia).
Pocket Option Platform Details
|Minimum Initial Deposit||$50|
|Minimum Per Trade||$1|
|Demo Account||Yes, with $10,000 preloaded|
|Option Types||Binary Options|
|Asset Coverage||Currencies, Cryptocurrencies, Stocks, Indices, Commodities|
|Payment Methods||Visa, Mastercard, Skrill, Neteller, ADV Cash, WebMoney, Payeer, PerfectMoney, Bitcoin, Litecoin, Ripple, and more|
|Trading Platforms||Web, Android, iOS|
Characteristics of the Pocket Option Trading Platform
- Innovative graphs to help you analyze the market
- Free indicators, analysis tools, and trusted market signals
- Customizable screen and intuitive buttons
- Social trading (copy trading of successful traders)
Pocket Option’s High/Low Options Feature
Let’s talk about Pocket Option’s main trading feature – the High/Low option. For any asset, you choose that the price will finish higher or lower than the original price of the asset when you entered the trade. Some people prefer to trade on commodities like gold or oil while others prefer to trade on currencies, stocks, or indices. It is a good idea to choose an asset that you feel comfortable with.
Predicting the price with these short term options like 60 seconds is great for beginners, because each trade is so simple, either Up or Down. Each trade has a fixed return (between 70% to 95%), and you know the exact profit and loss of your investment. On the other hand, longer term options are advisable for those with a little more experience as those options can be quite volatile to market news and fluctuations.
Pocket Option Platform – Demo Account
Many private platforms do not offer a demo account without the user signing up. However, binary options platforms such as Pocket Option are much more flexible. The reason is simple: beginners can have the chance to develop and improve their trading strategies!
It does not matter if it is 1 day later or 2 weeks later, once you feel more comfortable trading with a currency pair such as USD/JPY, commodities such as gold and oil, or the shares of a company such as Apple or Facebook, you can start depositing real money and start your true trading experience.
Bonuses And Promotions
If you decide to open an account at Pocket Option, you can deposit the minimum requirement of $50, then you will be eligible for a bonus of 100%. If you choose the accept the bonus, you will then have $100 in your account. If you deposit $200, you will have $400 in your account, etc. Regardless of how much you deposit, Pocket Option will match it.
Deposits And Withdrawals at Pocket Option
Pocket Option is very transparent with their payment methods. You can see that credit cards such as Visa and Mastercard are accepted, as well as e-wallets and even cryptocurrency (Bitcoin and other major cryptocurrencies). Together, there are about 50 different payment methods for deposit and withdrawal.
The minimum deposit is 50$, and you choose any of those 50 different payment methods (you can use cards, e-payments or cryptocurrency).
For withdrawals, they do not charge any commission or withdrawal fee. The minimum withdrawal amount is 10$. The withdrawal will be processed in 24 hours.
***Important news: Pocket Option offers you a cashback of up to 10% of your unsuccessful trades. This is great for beginners and experienced traders! For more information, open a real account.
Pocket Option Customer Support
Customer support is available if you scroll to the bottom of the site and click the contact link. You will have the choice of email or telephone.
There are also visible social media icons on their website. You can contact them directly on Facebook or Twitter.
Here are the contact details for Pocket Option:
Email – firstname.lastname@example.org
Phone – +44 0800 088 5535
Address – Gembell Limited, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands
Pocket Option is a relatively new binary options trading platform, but they offer very professional features to new and existing traders. Their 24/7 customer service is also great evidence to show that they care about the customers.
In addition, they are properly regulated by the FMRRC to ensure that the trading experience is above standards for traders and to guarantee trading security for all customers.
As well, their platform has over 100 assets to trade, and the trading screen is very user-friendly. If you are worried about online payments, please relax because major credit cards like Visa and Mastercard can be used on Pocket Option, meaning that the platform is trustworthy. Common sense! major companies like Visa and Mastercard will not do business with fraudulent websites.
Although their minimum deposit is a bit high ($50) compared to other binary options trading platforms, they do offer 100% bonuses and have great customer service. In conclusion, Pocket Option is a good and solid platform to begin your trading journey.
If you want to begin your trading career at the trusted Pocket Option platform, click [here] to get their risk-free DEMO account with $10,000 preloaded.