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Pocket Option Review
Pocket Option, owned by Gembell Limited, emerged in the world of binary options trading in 2017 and has since made a splash in the market. Based in the Marshall Islands, the International Financial Market Relations Regulation Center (IFMRRC) regulates this broker.
While binary options trading often gets a bad reputation because of the high risk involved, Pocket Option is one of the most reliable brokers in the industry. Creating an account is easy, and the platform works well for both new and experienced traders.
With over 100 assets available to trade and plenty of payment methods to accommodate international investors, Pocket Option offers trade opportunities to thousands of people worldwide. This Pocket Option review will help you decide whether you want to be one of them, as we go over the types of accounts you can get, their assets, and other special features on their platform.
Broker Name: Pocket Option
Location: Marshall Islands
Trading Platform: binary options Web, Windows, iOS, Android,
Trade Types: High/Low and Turbo
Payouts: 128% Max
Number of Assets:100+
Payment Methods:50+ Different Payment Methods
Bonus:50% Welcome Bonus
As with their accounts, Pocket Option offers one trade type. However, the one they offer is the quickest way to get an impressive payout.
Pocket Option makes trading simple with high/low options, which is the most straightforward of all binary options trading types. All you have to do is set a time limit for yourself and predict whether the asset price at the end of the time will be higher or lower than it was when you started the clock.
High/low options make for a near-instantaneous payout, ideal for traders looking to make some quick money. If you’re unfamiliar with how binary options work, high/low options can help you develop your technique with short time limits. You can set your time at a minimum of 60 seconds. If you like to play the long game, you can set the expiry for binary options up to four hours.
Bonuses and Promos
When you open a live account with Pocket Option, they’ll give you a 50% deposit bonus on your starting investment. The more you deposit as your starting investment, the higher that 50 percent bonus will be.
The catch is that you can’t withdraw the bonus before you start trading. Since some investors might get the idea that they can sign up just to withdraw that bonus along with their initial investment, Pocket Option mandates that you need to participate in the trading market first. After you reach their specified level of trades, then you can withdraw the bonus.
With over 130 assets, Pocket Option has an astounding selection. Those assets are broken up over five categories:Forex
As a newer broker, Pocket Option entered the binary options market with many of the most popular assets, including cryptocurrencies like Bitcoin and Ethereum. Other brokers have left these out of their asset lists, which excludes a broad demographic of tech-savvy traders.On the Pocket Option website, you’ll find their trading schedule, which lists the assets currently being traded, as well as the payout percentage for each. The schedule also shows general and OTC assets and the work time for each.
Social trading is one of the most useful features of Pocket Option, especially for new traders. It allows you to keep an eye on other investors’ trading habits and see which ones produce successful results. Once you find the most skilled traders, you can learn to emulate their trades for better odds on yours.
Pocket Options Tournaments allow you to compete against other traders for binary options prizes. It’s not quite like social trading since the latter isn’t a competitive arrangement, but you’ll still get to see how you stack up against other traders.
In tournaments, you have the chance to earn prizes and achievements. Prizes vary, but some can land you up to $50,000 in your account that you can then use to trade.
When you earn achievements through tournaments, they’re more than a fancy badge to show off your trading skill. Achievements can be just as useful as that $50,000 in prize funds. Plus, you get trading advantages.
You can get a payout percentage bonus, trading funds, and other perks that allow you to enhance your trading experience and increase your odds at making a profit.
Indicators and Signals
As you watch the market, Pocket Option shows you when it turns and when prices increase or decrease. Signals and indicators keep you up to date on when you’ll get the most out of a potential trade.