Pocket Option Guides Information
Pocket Option Guides, owned and operated by Infinite Trade LLC, was registered in 2017 in Costa Rica and offers trading services in currencies, indices, cryptocurrency, commodities and binary options. A free demo account is provided for practicing and you can enter trades for as low as $1 for binary options trades. Pocket Option in Canada offers new traders a 50% first deposit bonus and more promocodes. Leverage is up to 1:1000 and the broker uses a proprietary platform with app version for trading.
Their “Help” section is filled with educational materials, including guides, tutorials, and proven trading strategies. And deposits and withdrawals are free with this broker.
However, one fact that cannot be neglected is that the broker currently operates without regulation from any authorities, degrading its credibility and reliability.
Pros and Cons
Is Pocket Option Guides Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
What Can I Trade on Pocket Option Guides?
With Pocket Option Guides, you can expand your trading portfolio and seize abundant market opportunities by trading in more than 100 instruments including forex, cryptos, commodities, binary options and indices.
Forex: Forex, or foreign exchange, is the global marketplace for trading national currencies against one another, facilitating international trade and investment.
Cryptos: Cryptocurrencies are digital or virtual currencies that use cryptography for security, enabling peer-to-peer transactions on decentralized networks, with Bitcoin being the most well-known example.
Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, such as oil, gold, and agricultural products, often traded on exchanges.
Indices: Indices are statistical measures that represent the performance of a specific group of assets, such as stocks or bonds, helping investors gauge market trends and economic health.
Binary options: Financial derivative that allows traders to speculate on the price movement of an asset within a predetermined timeframe, with fixed payouts for correct predictions.
When dealing with investment activities, always adhere to the principle of diversification by allocating funds across various products rather than concentrating on a single one you feel optimistic about.
Account Type/Leverage/Spread & Commission
Pocket Option Guides provides a demo account which simulates real market conditions with a virtual fund of $10000, so traders can practice their trading strategies in a risk-free environment without losing real money.
For live accounts, the broker does not publically disclose any information. All we know is that the minimum deposit to open a real Pocket Option account varies based on payment method. It is said to be as low as $50 for some methods.
Furthermore, Pocket Option does not charge any fees, commissions, or spreads on binary options trades. All costs are derived from the entry and expiry prices shown upfront before entering a position.
In addition, leverage is up to 1:1000 and can be adjusted flexibly according to one's convenience and preferences. Leverage is always suggested to be used prudently to align with your risk appetites anyway.
Minimum trade size is as low as $1 for binary options trading.
However, overnight fees might apply depending on the specific assets traded and associated yields.
Under such circumstances, you need to seek clarification from the broker to ensure all necessary info about trading conditions such as spreads, minimum deposits, detailed overnight fees etc. are at your fingertips during actual trading.
Trading Platform
Pocket Option Guides offers a full-featured proprietary web-based trading platform. The platform also has mobile apps available for PC, iOS and Android devices so you can trade on the go.
The platform also support social trading for traders to follow and automatically copy strategies from successful traders for quicker profit gaining.
Deposit & Withdrawal
Pocket Option Guides claims to offer 50+ payment methods free of any charges for deposit and withdrawals. The methods include debit/credit cards, e-wallets like Skrill,Neteller, or wire transfers.Cryptocurrency deposits are also accepted in Bitcoin, Ethereum, Litecoin, Ripple, Tether, and other coins.
Withdrawals are processed within 24 hours after request. Withdrawal time to receive funds varies based on payment method: credit/debit cards and e-wallets are fastest while bank transfers take 2-5 business days.
Additionally, Pocket Option in Canada offers new traders a 50% first deposit bonus and more promocodes. There are also various contests with cash prizes held regularly. Active traders can get loyalty bonuses, risk-free trades, and other incentives.
Customer Support Options
The Bottom Line
In summary, the broker offers a wide range of tradable assets and educational resources for both beginners and pro traders. Free deposit and withdrawal and zero commissions on binary trading reduces trading costs for investors. A demo account is ready for practicing and 50+ payment methods convenience traders in different regions. However, the absence of regulation is a taint anyway.
Take full investigations before deciding to trade with the broker and ensure you can accept all the drawbacks.
FAQs
Is Pocket Option Guides safe?
Not really, the company is not regulated by any authorities so far.
Is Pocket Option Guides good for beginners?
No, though there are demo accounts and educational resources for beginners, the broker does not disclose essential information about trading conditions and minimum deposit. Beginners usually are more sensitive for these.
What trading platform does Pocket Option Guides have?
Pocket Option Guides offers a proprietary web-based platform on Windows, iOS and Android devices.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
