How to Trade at Pocket Option for Beginners
Embarking on the journey of online trading can be both thrilling and daunting, especially for beginners. Pocket Option offers a user-friendly platform that empowers individuals to step into the world of financial markets with confidence. Understanding the basics of trading on Pocket Option is pivotal for beginners to navigate this exciting terrain.
Registering an Account on Pocket Option: A Step-by-Step Guide
How to Register Pocket Option Account
Here are the steps to follow:Step 1: Visit the website of Pocket Option
Upon visiting the Pocket Option website, you will find the homepage where the Registration form is located at the right of the page.
Step 2: Fill in the registration form
- Fill in your email address.
- Create a strong password and confirm your password.
- Click on the check box after reading the Service Agreement of Pocket Option.
- After filling in the form, click on the "SIGN UP" button to complete the registration process.
Congratulations on successfully registering your Pocket Option account! The process is simple and time-efficient. Now, there’s no need for any further registration to open a demo account. You’ll notice that your balance is $1,000, allowing you to practice as much as you want for free. Simply click on "Demo Account" to begin honing your trading skills.
It is a great way to learn how to use the platform, test your strategies, and gain confidence in your trading skills. You have the flexibility to top up your demo account at any time according to your preferences.
Once you build confidence in your skills, you can easily switch to a real trading account by clicking the "Real account". Switching to a real trading account and depositing money on Pocket Option is an exciting and rewarding step in your trading journey.
How to Register an Account on Pocket Option via Google, Facebook
You can also sign up on Pocket Option with your Google or Facebook account.1. Choose Social Media: Click on the option that says "Facebook" or " Google" depending on the platform you prefer to use.
2. Authorize Pocket Option: You’ll be redirected to the respective social media platform. Enter your login credentials for that platform if prompted and authorize Pocket Option to access your account information.
3. Complete Registration: Once authorized, Pocket Option will gather the necessary details from your social media account to create your Pocket Option profile.
Features and Benefits of Pocket Option Trading Account
Pocket Option offers several features and benefits for traders on their trading accounts. Here are some key ones:User-Friendly Trading Platform: Pocket Option’s trading platform is designed to be user-friendly and accessible to traders of all experience levels. Its simple and intuitive interface allows for easy navigation and efficient trade execution. Traders can also access charts, indicators, and other tools to aid in their analysis and decision-making.
Wide Range of Trading Instruments: Pocket Option offers a wide range of trading instruments to traders, including binary options, forex, cryptocurrencies, stocks, commodities and more. This allows traders to explore different markets and trade assets they are comfortable with or interested in.
Demo account for Practice: Pocket Option offers a demo account feature that enables traders to practice trading strategies and test the platform’s functionality without risking real money. This is a valuable tool for gaining experience and learning.
Low Minimum Deposit: Pocket Option has a low minimum deposit requirement, making it accessible to traders with different budget sizes. This feature allows traders to start trading with a small amount of capital and gradually increase their investment as they gain confidence and experience.
High Payout Rates: Pocket Option provides competitive payout rates for successful trades, with percentages varying based on the asset and trade type. These rates can reach up to 96%, potentially increasing profitability.
Bonuses and Promotions: Pocket Option regularly provides its traders with bonuses and promotions, including deposit bonuses and cashback rewards. These incentives can provide additional value and improve the trading experience.
Mobile Trading App: Pocket Option has a mobile trading app available for iOS and Android devices, allowing traders to trade on the go. The app provides full functionality, including the ability to monitor positions, execute trades, and access market information from anywhere at any time.
Multiple Deposit and Withdrawal Options: Pocket Option offers a variety of deposit and withdrawal options, including credit/debit cards, bank transfers, e-payments, and cryptocurrencies. This flexibility enables traders to select the payment method that is most convenient and secure for their transactions.
Enthusiastic Customer Support: Pocket Option offers customer support to help traders with their questions and concerns. The support team can be reached through multiple channels, including live chat, email, and phone, for quick assistance.
How to Verify Account on Pocket Option
Why do I need to Verify my Account on Pocket Option?
Verification is not only a requirement from Pocket Option, but also a good practice for any online platform that involves financial transactions. By verifying your account, you protect yourself from:- Identity theft: Someone else could use your personal information to create an account and trade on your behalf, or access your existing account and steal your funds.
- Fraud and scams: Some people might try to use fake or stolen documents to open accounts and conduct illegal activities, such as money laundering or terrorism financing.
- Mistakes and errors: You might enter incorrect or outdated information when registering or updating your profile, which could cause problems when withdrawing your money or contacting customer support.
- Trust and Credibility: A verified account on Pocket Option instills trust among fellow traders, as it demonstrates your commitment to transparency and compliance with the platform’s policies and regulations.
- Access to Advanced Features: Verification unlocks various advanced features and benefits, such as higher deposit and withdrawal limits, priority customer support, participation in exclusive promotions, and access to advanced trading tools.
By verifying your account, you also show that you are a legitimate and trustworthy trader. This way, you can enjoy a smooth and hassle-free trading experience on the platform.
How do I Verify my Account?
Verifying your account on Pocket Option is simple and straightforward. You just need to provide some basic information and upload some documents that prove your identity and address. Here are the steps to follow:Step 1: Log in to your account
Go to the Pocket Option website and log in with your email and password. If you don’t have an account yet, you can sign up for free by clicking on the "Registration" button.
Step 2: Go to your profile
Once you are logged in, click on the "Profile" icon at the top right corner of the screen, and then click on "Profile" from the drop-down menu.
Step 3: Verify your Email Address1. When a pop-up appears, click the "Confirm your email address" button.
2. Pocket Option will promptly send a verification link to the email address associated with your account. Kindly access your inbox and complete email verification.
Step 4: Fill in your identity
On your profile page, you will see the section: "Identity info". You need to fill in all the fields with accurate and up-to-date information. Make sure that the information matches the documents that you will upload later.
Step 5: Upload your documents
After filling in your information, you need to upload some documents that verify your identity and address. You can click or drag and drop the images in the corresponding sections of your profile page.
For identity verification, you can upload one of the following documents:
- Passport
- Local ID card (both sides)
- Driver’s license (both sides)
The document image must be colored, uncropped (all the edges of the document must be visible), and in high resolution (all information must be clearly visible). The document must also be valid (not expired) and issued within the last 6 months.
Step 6: Wait for approval
Once you upload your documents, you will receive an email confirmation after you upload the images.
The verification process usually takes up to 24 hours, but it might take longer during peak times or if there are any issues with your documents. You will receive an email and a website notification once your verification is completed. You can also track your document status in the Profile section.
Step 7: Enjoy trading on Pocket Option
After verifying your account, you can start trading on Pocket Option with confidence and peace of mind. You can access over 100 assets, use various indicators and tools, participate in tournaments and promotions, and withdraw your earnings without any hassle.
How long does the Pocket Option Verification process take
The verification process may take up to 24 hours from the date the Company receives the requested documents to complete. But usually, it only takes a few hours to complete the verification process.During this time, Pocket Option will review the documents you have submitted and may contact you if they need additional information or clarification.
If you have been waiting longer than expected, you can contact Pocket Option support for an update on the status of your verification.
Tips for a Smooth Verification Process on Pocket Option
Accuracy: Double-check all the information you provide during registration and verification to ensure accuracy and avoid unnecessary delays.Document Quality: Make sure that the documents you scan or photograph are of high quality and that all details are clearly visible. Blurry or incomplete documents may lead to rejection.
Patience: The verification process can take some time due to its thoroughness. While the Pocket Option team reviews your documents, be patient and avoid submitting multiple verification requests.
How to Deposit on Pocket Option
Pocket Option Deposit Payment Methods
Pocket Option provides users with various payment methods to conveniently deposit on the platform. The availability of specific payment methods may vary depending on your location. Here are some of the most popular payment methods on Pocket Option are:Credit or Debit card
You can use your Visa or Mastercard to deposit money on Pocket Option. This is one of the fastest and easiest ways to fund your account. The minimum deposit amount is $5 and the maximum is $10,000 per transaction.
E-Payments (Electronic Payment Systems)
Pocket Option supports popular e-payment systems such as Advcash, WebMoney, Perfect Money, and others. These systems offer secure and fast transactions, making them a preferred choice for many traders. The minimum deposit amount is $5.
Bank Transfers
Pocket Option offers a convenient and secure method for traders to deposit funds into their trading accounts using bank transfers. Bank transfers provide a reliable way to deposit money, particularly for those who prefer traditional banking channels. You can initiate a bank transfer from your personal bank account to the specified account details provided by Pocket Option. The minimum deposit amount is $5.
Cryptocurrencies
For those who prefer using digital currencies, Pocket Option accepts deposits in cryptocurrencies like Bitcoin, Ethereum, Litecoin, USDT, and more. Cryptocurrency deposits provide an additional layer of anonymity and decentralization. It operates independently of any central authority or intermediary. The minimum deposit amount is $10.
How to Deposit Money on Pocket Option
Deposit Money on Pocket Option: A Step-by-Step Guide
If you want to start trading with real money, you need to make a deposit first. I will show you how to deposit on Pocket Option in a few simple steps.Step 1: Log in to your Pocket Option account and click on the "Top-Up" button at the top right corner of the screen. If you don’t have one yet, you can sign up for free here.
Step 2: You will see a new window with different payment methods. Choose your preferred payment method. Pocket Option supports various payment methods, such as credit cards, e-wallets, cryptocurrencies, and bank transfers.
Step 3: Enter the amount you want to deposit. You can also choose a gift and bonus offer if you want to get some extra funds for trading.
Step 4: You will be redirected to the payment provider’s website, where you will need to complete the transaction.
Step 5: Confirm your deposit by checking all the details you have entered, including the deposit amount and payment information. Once your payment is processed, a confirmation message will appear on your screen, and the funds may take a few seconds to reflect in your trading account balance. You can conveniently track your balance and review transaction history through your account dashboard.
Congratulations! You have successfully deposited money on Pocket Option and you are ready to start trading binary options, forex, cryptocurrencies, and more.
Pocket Option strives to provide a smooth payment experience, it’s essential to be aware of any associated fees, minimum deposit amounts, currency conversion rates, and any verification requirements imposed by the platform for certain payment methods. Considering these factors will help you make informed decisions and effectively manage your finances while using Pocket Option.
What is the Minimum Deposit for Pocket Option
One of the advantages of Pocket Option is that it has a low minimum deposit requirement of only $5, which is much lower than other platforms that may require hundreds or thousands of dollars. This makes Pocket Option an affordable option for beginners and low-budget traders. This means that you can start trading with a small amount of money and test your skills and strategies without risking too much.Pocket Option Deposit Fees
Pocket Option prides that it offers deposits without any fees. This means that you won’t be charged for depositing funds into your trading account on the platform. This applies to most payment methods supported by Pocket Option, including credit/debit cards, electronic payment systems, cryptocurrencies, and bank transfers.
However, it’s important to note that while Pocket Option doesn’t charge deposit fees, some payment providers may have their own transaction fees or currency conversion charges. These fees are determined by the payment provider or financial institution you use to make the deposit. Therefore, it’s recommended to check with your chosen payment method or financial institution to understand any potential fees they may charge.
In the case of bank transfers, it’s worth noting that your personal bank may charge fees for initiating the transfer. These fees are not imposed by Pocket Option but rather by your bank. It’s advisable to consult with your bank to understand the fees associated with bank transfers.
How long does Pocket Option Deposit take
The processing time for deposits on Pocket Option may vary based on the payment method chosen and other factors involved in the transaction. Below is a general summary of the usual processing times for various deposit methods on Pocket Option:Credit/Debit Cards: Deposits made using credit or debit cards are usually processed instantly. Once the transaction is confirmed, the funds are immediately credited to your Pocket Option trading account, allowing you to start trading right away.
E-Payments (Electronic Payment Systems): Popular electronic payment systems like Advcash, WebMoney, Perfect Money, and others typically offer quick processing times. Deposits made through these systems are often processed instantly or within 5 minutes, ensuring that your funds are available for trading promptly.
Cryptocurrencies: Deposits made using cryptocurrencies can vary in processing time depending on the specific blockchain network and its associated confirmation times. In general, blockchain transactions require a certain number of confirmations before the funds are credited to your Pocket Option account. The time required for confirmations can vary for different cryptocurrencies but typically ranges from a few minutes to an hour.
Bank Transfers: Bank transfers typically have longer processing times compared to other payment methods. The exact time frame may vary based on the banks involved, any intermediary processes, and your location. It may take several business days for the funds to appear in your Pocket Option trading account.
Benefits of Deposits on Pocket Option
No fees or commissions: Pocket Option does not charge any fees for deposits.Access to Diverse Markets: Making a deposit on Pocket Option opens the door to a vast selection of financial markets, including currencies, commodities, indices, and cryptocurrencies. With a funded account, you can diversify your portfolio and explore various trading opportunities across different asset classes.
Real-Time Trading: Deposits ensure that you have sufficient funds readily available for trading activities. This means you can seize market opportunities as they arise, execute trades in real-time, and capitalize on favorable market conditions without delay.
Leveraged Trading: Many traders are attracted to the concept of leveraged trading, which allows them to amplify their potential returns. By making a deposit, you can take advantage of leverage, effectively multiplying your trading power and gaining exposure to larger positions than your initial deposit would allow.
However, there are also some drawbacks of using Bank transfers to deposit money on Pocket Option, such as:
Slow processing time: Bank transfers may take longer than other payment methods to be completed and verified. This can be inconvenient if you want to start trading right away or if you need to make a quick withdrawal.
Limited availability: Bank transfers may not be available in some countries or regions due to legal or regulatory restrictions.
Security Measures for Deposit on Pocket Option
Pocket Option prioritizes the security of its users’ funds and personal information. The platform employs several security measures to ensure a safe deposit process:
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SSL Encryption: All data transmitted between traders and Pocket Option is encrypted using industry-standard SSL technology. This encryption protects sensitive information from unauthorized access and ensures secure transactions.
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Segregated Accounts: The platform keeps traders’ funds in segregated accounts, separate from the company’s operational funds. This segregation ensures that traders’ deposits remain protected even in the event of unforeseen circumstances.
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Regulatory Compliance: Pocket Option adheres to regulatory guidelines and operates in accordance with international financial standards. Compliance with established regulations enhances transparency and safeguards users’ funds.
How to Trade Binary Options on Pocket Option
How to Trade on Pocket Option
In this article, we will show you how to trade binary options on Pocket Option in 5 simple steps:Step 1: Choose an asset
Pocket Option offers a wide range of assets to trade, including currencies, stocks, commodities, and cryptocurrencies. Select the asset you want to trade or use the search function to find a specific asset and analyze its price movements using technical analysis or fundamental analysis. Consider factors such as volatility, liquidity, and recent market trends to make an informed decision.
Step 2: Set the Expiry Time
Once you select an asset, you can choose an expiry time for your trade. Pocket Option offers a range of expiry options, allowing you to choose a timeframe that aligns with your trading goals. Expiry times can vary from a few minutes to several hours. Consider the asset’s volatility and your desired trading duration when setting the expiry time.
Step 3: Determine the investment amount
Decide how much money you want to invest in the trade. The minimum trade amount is $1. Remember to manage your risk appropriately by not investing more than you can afford to lose.
Step 4: Predict the price movement
The final step is to predict whether the price of the asset will go up or down by the end of the time frame. You can use the technical analysis tools and indicators provided by the platform to help you make your prediction. Once you are ready, you can click on either the green button for a call option (HIGHER) or the red button for a put option (LOWER). A call option means that you expect the price of the asset to rise above the strike price by the expiry time. A put option means that you expect the price of the asset to fall below the strike price by the expiry time. You will see a line on the chart that represents your prediction.
Step 5: Trade Monitoring
Once you place your trade, you can monitor its progress on the chart and see the potential payout or loss. If your prediction is correct at the expiry time, you will receive a predetermined payout, typically a percentage of your initial investment. If your prediction is wrong at the expiry time, you may incur a loss, which is limited to the amount you initially invested.
Closed Trade on Pocket Option.
Pocket Option Trading Advantages
Secure and Regulated Platform: Pocket Option is a secure and regulated platform overseen by the International Financial Market Relations Regulation Center (IFMRRC). This regulatory body ensures that the platform meets certain standards of security, fairness, and transparency. As a result, traders can trust in the safety of their funds and the honesty of their trading activities.Flexible trading options: such as quick and digital trading, express trades, MT5 forex, pending orders and trades copying.
High Payouts and Fixed Risk: Pocket Option provides transparency and enables better risk management by offering high potential payouts for successful trades and informing traders of the exact potential payout percentage before entering a trade. At the same time, traders are aware of the fixed risk associated with each trade, allowing for precise calculation of potential losses.
Flexible Expiry Times: Pocket Option offers traders the flexibility to choose their preferred expiry times for binary options. With options ranging from short-term trades with expiry times as low as 60 seconds to longer-term trades extending to several hours, traders can align their trading strategies with their preferred timeframes.
Social Trading: A social trading feature that allows traders to follow and copy other successful traders.
What are some effective methods to make money on Pocket Option
To make money on Pocket Option, you need to have a good strategy, a reliable broker, and a disciplined mindset. Here are some tips to help you succeed:Choose a reputable broker: Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC) and has a high level of security and transparency. Pocket Option also provides various tools and features, including indicators, charts, signals, and social trading.
Understand market analysis: Comprehend the factors that affect the price movements of assets like forex, commodities, stocks, and crypto. You can use technical analysis, which relies on patterns and trends on the charts, or fundamental analysis, which considers the economic and political events that affect the market.
Develop a trading plan: You need to have a clear set of rules and criteria for entering and exiting trades, as well as managing your risk and money. Test your plan on a demo account before using real money.
Maintain consistency and discipline throughout your trading journey: You need to follow your trading plan and avoid emotional decisions. You should also keep track of your performance and learn from your mistakes. Don’t chase losses or get greedy when you win.
Begin with small investments and increase gradually: You should not invest more than you can afford to lose. You should also diversify your portfolio and trade with different assets and expiry times. Increase your investment amounts once you have gained sufficient experience and confidence.
How to Withdraw Funds from Your Pocket Option Account
Pocket Option Withdrawal Payment Methods
Pocket Option provides a variety of convenient and secure payment methods for withdrawing funds from your trading account. These payment methods are designed to cater to various preferences and geographical locations. We will explain how you can withdraw your money from Pocket Option using different payment methods, such as bank cards, e-payments, cryptocurrencies, and bank transfers.
Bank Cards (Credit/Debit Cards)
One of the most common and secure ways to withdraw your money from Pocket Option is using bank cards. You can use Visa or Mastercard to request a withdrawal from your account. You can link your card to your trading account and withdraw funds directly to the card. The minimum withdrawal amount is $10. The processing time is usually within 3 business days, depending on your bank.
E-Payments
Another fast and convenient way to withdraw your money from Pocket Option is using e-wallets. You can choose from a variety of e-wallets supported by Pocket Option, such as WebMoney, Perfect Money, AdvCash, Jeton, and more. The minimum withdrawal amount is $10. The processing time is usually within 24 hours. To withdraw using e-wallets, you’ll need to have an active account with the respective e-wallet provider.
Bank Transfers
If you prefer to withdraw your money from Pocket Option using bank transfers, this method is suitable for large withdrawals, as the minimum withdrawal amount is $10. The processing time is usually within a few business days, depending on your bank. To withdraw using bank transfers, you need to provide your bank details to Pocket Option.
Cryptocurrencies
The last option is to withdraw your money from Pocket Option using cryptocurrencies, you have several options to choose from, including Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, USDT, and more. The minimum withdrawal amount is $15 and the processing time is usually within a few business days. To withdraw using cryptocurrencies, you need to provide your cryptocurrency wallet address to Pocket Option.
How to Withdraw Money from Pocket Option
Withdraw Money from Pocket Option: A Step-by-Step Guide
Step 1: Logging in and accessing your account- Navigate to the Pocket Option website.
- Enter your login credentials (username and password) to access your account dashboard.
Step 2: Verify your account
Before making any withdrawals, you need to verify your account. This is a security measure that ensures that only you can access your funds and prevent fraud. Verification typically involves providing proof of identity and address, as per Pocket Option’s KYC (Know Your Customer) requirements.
Follow the instructions provided and upload the necessary documents for proof of identity, such as a passport, driver’s license, or national ID card. The verification process usually takes up to 24 hours.
Step 3: Navigating to the withdrawal section
Once your account is verified, navigate to the "Finance"- "Withdrawal" section of your account dashboard.
Step 4: Choose your withdrawal method
Pocket Option offers various withdrawal methods, including cryptocurrencies, credit/debit cards, bank transfers, and e-wallets. Choose the withdrawal method that suits your preferences and meets the requirements of your trading account.
Step 5: Fill in the withdrawal request form
- Enter the amount you wish to withdraw from your trading account. Make sure you have sufficient funds available and consider any applicable fees or minimum withdrawal limits.
- Provide the necessary details, such as your bank account information, crypto address, or e-payment ID, depending on the selected withdrawal method.
- Double-check the accuracy of the information provided to avoid any potential errors or delays.
Step 6: Tracking and receiving the funds
After you submit your withdrawal request, it will be reviewed and approved by Pocket Option within 24 hours.
You can check the status of your withdrawal on the Pocket Option website or app.
Depending on the chosen withdrawal method and the processing time, the funds will be transferred to your designated bank account, e-payment, or crypto address.
What is the Minimum Withdrawal for Pocket Option
- Bank Cards (Credit/Debit Cards): The minimum withdrawal amount is $10
- E-Payments: The minimum withdrawal amount is $10.
- Bank Transfers: the minimum withdrawal amount is $10.
- Cryptocurrencies: The minimum withdrawal amount is $15.
Pocket Option Withdrawal Fees
Pocket Option prides that it offers withdrawal without any fees. This means that you won’t be charged for withdrawing funds on the platform. This applies to most payment methods supported by Pocket Option, including credit/debit cards, electronic payment systems, cryptocurrencies, and bank transfers.How long does Pocket Option Withdrawal take
- Bank Cards (Credit/Debit Cards): The processing time is usually within 3 business days, depending on your bank.
- E-Payments: The processing time is usually within 24 hours.
- Bank Transfers: The processing time is usually within a few business days, depending on your bank.
- Cryptocurrencies: The processing time is usually within a few business days.
Tips and Tricks for Withdrawing Money from Pocket Option
Here are some tips and tricks that can help you withdraw money from Pocket Option smoothly and quickly:- Ensure prompt verification of your account to prevent delays and complications.
- Use the same payment method for deposits and withdrawals to avoid fees and conversion rates.
- Withdraw only the necessary amount and retain some funds in your account for future trading.
- Review the minimum and maximum withdrawal limits for each method and follow them.
- Reach out to the customer support team for any inquiries or concerns regarding your withdrawal.
Pocket Option Withdrawal Requirements
As you can see, Pocket Option offers a range of withdrawal payment methods for its clients. You can choose the one that suits your preferences and needs best. However, before you request a withdrawal from Pocket Option, make sure you have met the following requirements:- You have successfully verified your identity and payment details with Pocket Option.
- You have completed at least one trade on the platform.
- You have sufficient funds in your account to meet the minimum withdrawal amount requirement.
- You have not requested more than one withdrawal per day.
