Is Pocket Options a Scam? – Pros and Cons of Pocket Options 

 October 26, 2022

 

Gembell Limited’s Pocket Option debuted in the binary options trading industry in 2017 and has since made a sensation on the market.

Although binary options trading has a poor reputation due to the inherent risk, Pocket Option is one of the most trustworthy brokers in the market. The account creation process is simple, and the platform suits novice and experienced traders.

With over 100 assets accessible for trading and various payment options to accommodate foreign investors, Pocket Option provides trading chances to tens of thousands of people worldwide.

Trade Types

Like their accounts, Pocket Option only offers one sort of trading. However, theirs is the quickest route to receive a substantial payment.

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Pocket Option simplifies trading with high/low options, the most straightforward binary options trading. You only need to specify a time limit and forecast whether the asset price will be more excellent or lower after the period than when you started the clock.

High/low options have near-immediate payment, making them perfect for traders seeking to earn money quickly. Suppose you’re new to how binary options function, high/low options might assist you in creating your trading strategy with short-time limitations. You can set the minimum time to 60 seconds. You can set the expiration up to four hours if you play the long game.

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Payouts

Is Pocket Options a Scam? Pocket Option is not a scam. It is renowned for its large rewards on the market for binary options. The lowest possible score is fifty percent, yet their average is far higher. For good high/low forecasts, you can often anticipate a return of between 80 and 100 percent.

Even the most prominent binary options firms typically declare a maximum payment of 200 percent.

Remember that high/low trading offers bigger payouts than most binary options trading kinds, such as ladder/pair options. Trading 60-second high/low options can expose you to the Pocket Option trading platform and increase your account balance within minutes. However, exercising caution while trading high/low options is essential since too many bad trades can quickly put you in the red.

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Promotions and Extras

When you open a live account with Pocket Option, you will receive a 50% bonus on your initial deposit. The more the initial investment you make, the larger the 50 percent incentive.

The caveat is that the bonus cannot be withdrawn before trading begins. Since some investors may believe they can sign up solely to withdraw the bonus and their initial deposit, the Pocket Option requires that you participate in the trading market before you can withdraw the bonus. After reaching the required number of trades, the bonus can be withdrawn.

Free Account

You may try out their demo account if you’re hesitant to go all-in with a real Pocket Option account. You need not even register with them to use it. Visit their website and select the Demo Account button to receive $10,000 in virtual funds for trading.

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Even if you are an experienced investor, you should try the demo before investing real money. Here is a promo code for pocket option by Trader’s Union; you can use it.

Alternatively, if you are new to binary options trading, the practice account will provide sufficient experience to determine whether you wish to continue. In addition, with Pocket Option’s user-friendly platform, you’ll immediately determine whether you can handle something more complex or would rather keep things efficient and straightforward.

Pros

When considering using a new binary options broker, you should ensure that they provide you with the most pleasing trading experience possible. What distinguishes Pocket Option from its competitors?

  • Over 130 tradable assets
  • Instant deposits and withdrawals within 24 hours
  • Social trading, tournaments, and achievements
  • 50% deposit bonus with your initial investment
  • $1 minimum trades
  • Demo account with no sign-up obligation
  • Available in 22 languages
  • Accepts traders from the United States
  • Regulated and trustworthy
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Cons

Despite its attractiveness and abundance of assets and unique features, Pocket Option is not without issues. Consider what would prevent you from trading with them.

  • There is just one type of trading account;
  • High/Low is the only sort of trade;
  • The trading platform is straightforward;
  • The company is not licensed by the Cyprus Securities and Exchange Commission (CySEC)
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