Pocket Option Full Review
Welcome to the ultimate review of Pocket Option, the platform that has taken the trading world by storm! Are you tired of traditional trading platforms with limited features? Then look no further than Pocket Option. This innovative platform offers a wide range of instruments, exceptional support and service, various account types and even mobile apps for traders on-the-go. In this article, we’ll explore all the reasons why Pocket Option is quickly becoming one of the most popular choices among traders worldwide. So let’s dive in!
Pocket Option
What is Pocket Option?
Pocket Option is a popular online trading platform that allows traders to invest in various financial instruments, including stocks, forex, cryptocurrencies, and more. This user-friendly broker provides an intuitive interface for both novice and experienced investors alike.
One of the unique features of Pocket Option is its proprietary trading software. The platform uses cutting-edge technology to provide fast and reliable trade execution times with minimal lag or downtime. Additionally, traders can access a wide range of charting tools and technical indicators that help them make informed investment decisions.
Another advantage of using Pocket Option is its low minimum deposit requirement. Traders can start investing with as little as $50 – making it an accessible option for those just getting started in the world of finance.
Pocket Option offers a comprehensive suite of tools and services tailored to meet the needs of modern-day investors. With advanced security protocols in place to protect your assets and a highly responsive customer support team available around-the-clock, this broker makes it easy for anyone to start building their investment portfolio today!
Trading Platform
Pocket Option offers a user-friendly trading platform that is perfect for both beginners and experienced traders. The platform is web-based, which means you can access it from anywhere with an internet connection.
The interface of the Pocket Option trading platform is clean and modern, making it easy to navigate. You can customize your dashboard by adding or removing different tools and features based on your preferences.
One standout feature of the Pocket Option trading platform is the wide range of assets available for trading. You can trade over 100 assets including forex pairs, cryptocurrencies, stocks, commodities, and more.
Pocket Option also offers various charting tools to help you make informed trading decisions. The charts are customizable so you can tailor them to your specific needs.
Another great feature of the Pocket Option trading platform is its social trading capabilities. You can follow other successful traders and copy their trades in real-time using the CopyTrading tool.
The Pocket Option trading platform provides a seamless experience for traders at all levels. With its intuitive interface and powerful tools, it’s no wonder why this broker has gained popularity among traders worldwide.
Copy Trading
Pocket Option’s flagship feature is its ability to copy traders who earn money. Using the Social Trading feature on the right side of the transaction panel, you can easily keep up with the results of other traders, and if you like one of them, you can start copying his transactions with just a few clicks. When testing this feature, I noticed that copying often turns off by itself, but I think that’s a software issue.
We can set the proportions, the maximum bid and specify when the copying should stop. Unfortunately, this feature cannot be tested on a demo account. Nevertheless, I recommend checking out this feature and copying traders who have as many open positions as possible while at the same time are in long-term profit.
Consequently, your funds will be safer because you can choose traders who know what they are doing. The best way to make money in the market is to learn how to do it on your own – copying others may not be the best solution in the long run. Your deposit should not exceed 20% for copying. Reinvest the rest by learning how to invest yourself.
Signals
Among the features of the trading platform are signals. The “Signals” tab is on the right-hand side of the screen. I tested this feature and unfortunately I was very disappointed. I opened 100 positions, of which only 45% were correct. After clicking on it, a list of assets will appear along with a suggested direction of trading along with an expiration date.
Furthermore, the broker often recommended investing in currency pairs with low returns (up to 50% of the return). Investing in assets with such a low return force traders to achieve very high efficiency levels.
According to my observations, the best traders are capable of achieving an accuracy level of 65-70%. Despite such efficiency, investing in currency pairs with a maximum return on investment of 50% will not be profitable. It is also possible to test the demo account. You can open a free demo account below and test this feature. Please let me know in the comment what results you achieved and whether you were satisfied with them.
Mobile Apps
Pocket Option offers mobile trading apps for both Android and iOS devices, allowing traders to access their accounts and trade on-the-go. The app is user-friendly, intuitive, and easy to navigate.
The Pocket Option mobile app provides a range of features including live charts, technical analysis tools, multiple timeframes, order management tools, asset selection screeners and more. It also supports different types of orders such as market orders or limit orders.
In addition to the trading features themselves, the Pocket Option mobile app also lets you access your account information including your balance sheet summary in real-time so that you can always be up-to-date with latest changes.
One particularly useful feature of the app is push notifications which enable users to receive alerts about important news events or price movements in real-time. This means traders don’t have to constantly monitor the markets since they will receive an immediate notification when something significant happens.
The Pocket Option mobile app is a powerful tool for those who want to stay connected with their trades even while on-the-go.
Deposit & Withdrawal methods
Pocket Option offers a range of deposit and withdrawal methods to provide convenience and flexibility for traders worldwide. Deposits can be made through various payment methods such as Visa, Mastercard, WebMoney, Perfect Money, Boleto Bancario and many more.
The minimum deposit amount is $50 which is relatively low compared to other trading platforms. There are no fees charged on deposits except for certain payment providers who may have their own transaction charges.
Withdrawals are processed within 24 hours from the time of submitting the request. The minimum withdrawal amount is also $50 with no maximum limit set by Pocket Option. Traders can choose from several withdrawal options including bank transfer or e-wallets like WebMoney or PerfectMoney.
It’s important to note that there might be some delays in processing withdrawals due to verification procedures implemented by Pocket Option as part of its regulatory requirements.
Pocket Option offers a variety of secure and easy-to-use deposit and withdrawal methods suitable for traders across different regions around the world.
Account Verification
Account verification is a crucial step in the process of opening an account on Pocket Option. It ensures that all users are legitimate and helps to prevent fraud, money laundering, and other illegal activities. The verification process at Pocket Option is straightforward and quick.
To get started with the verification process, you need to log in to your account and provide some basic personal information such as your full name, address, date of birth, etc. You will also be required to upload a valid government-issued ID card or passport for identity confirmation.
Once you have submitted your documents for review by their team members, they will notify you within 24 hours if everything has been approved. In some cases where additional documentation might be necessary like proof of residency or bank statement may be requested.
The account verification process at Pocket Option is designed with security in mind while keeping it simple for traders. This way everyone can enjoy trading without any worries about fraudulent activities happening around them!
Where is Pocket Option available?
Pocket Option is a global trading platform that can be accessed from almost anywhere in the world. The company states that it has customers from over 100 countries, including the United States, Canada, Germany, and many other countries.
One of the great things about Pocket Option is its availability on multiple platforms such as desktop computer and smartphone applications. This means that traders can access their accounts and trade no matter where they are or what device they have with them.
However, it should be noted that there are some countries where Pocket Option is not available due to regulatory restrictions. These include Japan, Australia, New Zealand, Canada (with some exceptions), Israel and others. It’s always best to check with Pocket Option directly if you’re unsure whether your country allows for trading on this platform. Check where binary options are available in Europe.
Though, the fact that Pocket Option is available globally makes it an attractive option for traders who want to invest in various markets around the world without needing multiple brokerage accounts.
Free Demo
One of the best features of Pocket Option is their free demo account. With this feature, users can try out the platform and its various tools without risking any real money.
The demo account provides a simulation of trading conditions that are identical to those on the live platform. This way, traders can test their strategies in a risk-free environment before investing actual funds. Additionally, it allows beginners to get comfortable with how things work before venturing into actual trades.
The process for setting up a demo account is quick and easy as well. All you need is your name and email address to start using the virtual funds on offer. There’s no limit on how long you can use this feature too – so take all the time necessary to learn about forex trading without feeling rushed or pressured.
Having access to a free demo account makes Pocket Option an excellent choice for both new traders looking for experience and seasoned ones looking for another option that offers great tools at no cost!
Conclusion
Pocket Option is a great platform for traders of all levels. It offers an intuitive trading interface and a variety of account types to choose from, as well as various payment methods. The pros outweigh the cons, making it an excellent option for anyone looking to start trading. With its user-friendly interface, Pocket Option stands out among other platforms in terms of usability.
The different types of accounts offered by Pocket Option cater to both novice and experienced traders alike. Traders who want more features can opt for higher-tier accounts that offer additional benefits such as better spreads or increased leverage.
In terms of customer service, Pocket Option has a responsive team that is available around the clock via chat or email support channels. This ensures that any issues or questions are addressed promptly so that you can focus on your trading goals without interruptions.
We highly recommend giving Pocket Option a try if you’re looking for an easy-to-use platform with low minimum deposits and enticing bonuses. Its wide range of tradable assets combined with tight spreads make it ideal not just for beginners but also seasoned professionals in search of new opportunities in today’s fast-moving markets!
