The Marshall Islands-based company Gembell Limited owns and runs the broker Pocket Option. It is one of the few binary options brokers with a strong reputation because it is governed by the (International Financial Market Relations Regulation Center).
There are mobile and web variations of the Pocket Options platform. It provides over 100 trading assets, such as popular forex pairings, equities, commodities, indexes, and virtual currencies. The broker also offers many rewards and a large range of trading functions and functionalities, like social trading and demo accounts.
The platform can be used in more than 20 languages, a big plus for traders worldwide. If you’d rather trade while on the go, the Pocket Option program lets you check your account, make trades, and keep track of your open positions right from your smartphone or tablet.
Why Should You Pick the Pocket Option?
Here are the major benefits of the platform after a quick review of Pocket Option with some other brokers:
● Types of Trade and Payments
According to our research of Pocket Option, the company only provides the traditional high/low binary bet as either a trade option. As a result, there are now only two possible results when trying to estimate the price movement of an asset over a certain time frame.
The most common binary options type is high/low because payments are practically instant and typically substantially higher. For standard binary options, Pocket Option guarantees the largest payoff in the industry, up to 218 percent. However, the lowest compensation you may anticipate is 50%.
However, you should check out other brokers’ offers if you’re searching for more extensive trade kinds than those offered by Pocket Option.
● Promotions and Bonuses
A variety of bonuses and promotions available at Pocket Option can help you increase your trading money. For instance, the broker now grants a 50% bonus on the initial deposit of $50 or higher. To be eligible, you must open a live account and deposit at least $10. Furthermore, the bonus won’t be added to your account until you’ve completed a deal.
It offers a cash back option that allows you to get back up to 10% of the money you lose on trades. If the overall loss is more than the profit for the prior month, the function will be quickly added to your monthly amount once it is activated.
● Deposits & Withdrawals
With the firm, you may begin trading for as little as $1 and choose from more than 50 different payment options. A wide range of deposit and withdrawal options are available at Pocket Option, including the most commonly used bank wire transfers and electronic wallets like Bitcoin and Litecoin. The least amount you can deposit is $50, less than almost all of its competitors. Deposits are also free.
When it relates to cashing out, the minimum level is $10, and you can only get your money out in US dollars. Processing can take up to 3 business days, and in some situations, as long as 14 days, based on the complexity of the request. It’s a relief to know that there are no commissions or other fees associated with trading.