A Candid Review of Pocket Option
The Pocket Option is a new binary options broker established in 2017. It has instant access to over 100 assets. Gembell Limited owns and operates the broker. They who believe that the market lacked their services which include providing education, progressive partnership, demo account trading, and instant deposits and withdrawal. The creators registered the broker at Trust Company Complex in the Republic of Marshall Islands under the registration number 86967.
During Pocket Option’s introduction in the binary options market, people thought the industry was already crowded. However, the IFMRRC regulated the business since it is easy to access, has a high-quality site and trading program, which makes it refreshing and innovative. If you are new in trading, their site and platform can be of significant help since it is clear and user-friendly. Their demo account is the easiest to access compared to other sites, and you can trade with $10,000 of virtual cash. They make themselves accessible to all traders since their trades begin from $1, and the required minimum deposit is $150. That will allow new traders to test their plan and binary options services in a live environment with minimal risk. Don't use plagiarised sources.Get your custom essay just from $11/page
If you are not confident that this is the right broker for you and you need help to make the right decision, keep reading this detailed Pocket Option Review. The broker is a popular choice for its impressive figures. They have approximately 8000 traders worldwide online at a time.
One-click start
This is among one of the Pocket Option aspects I appreciate since it is available at the top of their website. If you click the button labeled “start in one click,” it will take you to the binary options demo account to analyze their platform and begin trading within minutes. That is an excellent way to introduce new traders to binary options without them filling a registration form or deposit their money.
You can sell all the expiry times here, asset lists, and various payouts available for each. This useful element is not common to all binary options brokers, but it is vital for the trading community. The unprecedented access is essential to introduce new traders to the marketplace, without them coming across a daunting experience.
Account types
When a new trader registers with a broker, they have to go through lots of information before deciding which account is best for them. The research involves deciding whether to be careful with the basic introductory account or to invest more to receive more from the broker.
However, Pocket Option has made it simple by offering traders two choices, practice or trade using real money. A trader can trade with virtual funds after opening a demo account or a live account. The broker provides traders with one real account option that keeps things on an equal playing field, and one can trade confidently, knowing they share the same privilege.
- Demo account
Very few brokers offer binary options demo account, and some will not grant access without registering. They will request you to sign up information and deposit a certain amount of money in a live account. However, Pocket Option has a distinctive approach where you click and begin trading immediately with $10,000 of virtual money. Using the demo account, you can learn more about the trading platform, and its working in a short while.
- Live account
If you are willing to begin the live binary options trading, you can open a live account with only $50. However, no matter your trading experience, it is wise to get used to the new platform by using the demo account. Once you have the live account, you can start trading with as low as $1 on around 100 trading instruments, which include indices, stocks, currencies, and commodities. You can also access account benefits such as cashback, social trading, tournaments, social trading, and a detail education help section.
Deposits and withdrawals
Pocket Option website provides its audience with comprehensive information about deposit and withdrawal. You will learn the numerous ways that you can use to deposit using cryptocurrency, debit or credit card, and the e-wallets.
Special features
Pocket Option has a few standout features, and one of them is the ability to utilize social trading, which is a system where one can monitor other successful traders and learn their tactics. The social trading economy makes trading easily accessible for first-timers to start before making a solid decision.
Other primary features include tournaments, which allow competitive traders to pitch themselves and test their skills. If you are successful, you can win prize funds of $50,000.
Customer support
Their customer care on the website is always available. A potential trader can email various departments, starting a live chat, or calling the free phone number provided. You can also use the contact form to send a message directly.
Their response time is fast, and they ensure to satisfy their customer’s concerns. They have also provided social media links to get a hold on them publicly via Twitter, Facebook, or any other popular social networks.
Conclusion
Pocket Option is the ideal broker for those looking for an easy and quick way to make demo trades. They offer excellent features to their traders. The low minimum deposit and the trading fees make it an ideal starting point for beginners. I recommend Pocket Option because of its simple account layout and the playing field they provide binary options traders.