Reviews About Pocket Option From Clients In Brazil
According to customer reviews on the Traders Union portal, Pocket Option is considered the sutable broker for beginners because it is secure, reliable, and user-friendly, with quick order execution. However, being perceived as an unregulated broker is one of the difficulties this broker encounters in this jurisdiction.
Brazil is among the countries where Pocket Options accepts clients since there are no restrictions on using Pocket Option in these jurisdictions. It is recommended that traders do their homework to ensure the broker is regulated and offers services that align with their investment philosophy. However, you will discover much about Pocket Options by reading the Pocket Option reviews in Brazil.
So, in this article, TU experts will present traders with genuine reviews about Pocket Option services as posted by previous users. You will also get comprehensive information on the regulatory status of the broker. Read on.
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Is Pocket Option a trustworthy broker?
According to Pocket Option reviews on the Traders Union portal, Pocket Option is a safe broker with good order execution, low spreads, a convenient user account, and many deposit and withdrawal methods. Pocket Option is overseen by the Mwali International Service Authority (MISA). They operate with the license number T2023322.
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Does Pocket Option work with clients from Brazil?
Yes. Pocket Option works with Brazilian clients even though the broker is not regulated in Brazil. No legal restrictions are preventing this broker from conducting business in Brazil. Pocket Option is regulated by the Mwali International Service Authority (MISA), and it operates with the license number T2023322.
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Is it easy to start trading with Pocket Option?
Starting to trade on the Pocket Option platform is very simple. First, you need to open a trading account, which can be a demo or a real account. Opening a demo account on Pocket Option is the fastest among other brokers. It is also quick to open and validate a legitimate trading account.
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Is the Pocket Option good for beginners?
Yes. Considering the low minimum deposit and trading fees, user-friendly trading platform and interface, bonuses, free demo account, and copy trading system, Pocket Option is surely a top broker for beginners.
Pocket Option reviews from Brazilian traders
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As a binary options trader.. what you want...a quick deposits and withdrawals and fast and friendly support system..in this case pocket option is really great..
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One of my Forex expert friends recommended Pocket Option to me. She has been a user for two years. The registration was fast, it took less than two minutes because I linked my existing gmail account. After testing the demo account, I tried to top up my balance and it was good to know that Pocket Option accepts common e-wallets in my country, making it accessible. There was also a limited offer of getting a 50% bonus with a minimum $50 top up, plus a free gift. I decided to transfer $100 as an initial deposit, and was redirected to my e-wallet website. I needed to log in and the amount was converted into our local currency. I checked the real-time exchange and there were no service fees included. After confirming the transfer, the money was reflected quickly. I am quite impressed by how fast and beginner-friendly the process is, especially in my country where online transactions often hit problems.
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The Pocket option support is not only for traders using the real account, you can reach out to the customer care if you are a beginner practicing trading on the demo account if you are stuck. The pocket option platform makes it easy to quickly contact support without leaving the trading platform.
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I opened an account with Pocket Option in February and was surprised by how easy it is to use the platform. Setting up the demo account was straightforward. It provided access to various trading instruments, such as quick trading, shares trading, forex mt4, and mt5. This allowed me to try different strategies without risking my money. Another thing I liked was the ability to trade popular currency pairs like usdjpy on the demo account, and it comes with a $50,000 balance on the quick trading. There are also indicators like moving averages that are free to use. It helped me understand market movements and execute trades. On the disadvantage, I have observed that demo accounts may not accurately reflect the volatility of live markets. Everyone should be cautious when transitioning to a live account. Overall, Pocket Option demo account is one of the most convenient to use out there but not the most accurate.
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pocket option very good plafrom in th world ,quick withdrawal ,friendly support servis is amzing and i most like part is lot of deposite methdos in this platfrom .support servise is amazing .thank you pocket option .my id 54879604
Is Pocket Option regulated in Brazil? Is it safe?
Pocket Option, which operates as a division of Infinite Trade LLC, is under the regulatory oversight of the Mwali International Service Authority (MISA), refuting any assertions against its legitimacy. Operating as a division of Infinite Trade LLC, Pocket Option is also authorized by the International Financial Market Relations Regulation Center (IFMRRC). It is important to note that Brazilian financial regulators have not granted Pocket Option an operational license. However, traders in the region continue to have access to the broker's services.
The official Pocket Option website reveals that Infinite Trade LLC is registered in four distinct regions, each identified by the unique registration number 4062001303240. These regions include:
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1
San Jose-San Jose Mata Redonda
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2
Republic Of Costa Rica
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3
Blue Building Diagonal To La Salle High School
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4
Neighborhood Las Vegas
The regulatory document the broker displays on its official page further confirms the broker's dedication to fulfilling all the prerequisites specified in the International Business Company Act. Despite the absence of a license from a prominent financial regulator, Pocket Option remains a reliable and secure platform for Indonesian traders to actively participate in, despite uncertainties arising from the lack of licensure by a top regulatory body.
Why is the regulation of pocket options a concern?
Pocket Option is currently under scrutiny due to concerns surrounding the lack of international recognition for the country and the financial institutions overseeing its operations. The regulatory authority in question hails from Comoros, a nation located in the Indian Ocean off the eastern coast of Africa.
Comoros comprises three islands and faces economic challenges, including a youthful and rapidly growing population, limited natural resources, and inadequate transportation infrastructure. The country is particularly vulnerable to climate change, with 54.2% of its population residing in areas at risk.
The financial regulator for this region is the Mwali International Services Authority, which holds exclusive jurisdiction over financial services and licensing in Moheli, an autonomous territory. In 2013, the government introduced amendments to the law on banking and other activity licensing, and in 2019, new regulations were implemented, encompassing aspects such as virtual currencies.
Presently, the M.I.S.A. oversees approximately 12,000 registered companies, including 24 foreign banks, 6 insurance companies, 9 gaming companies, and 84 trust and brokerage companies. As a general guideline, financial regulators advise traders to consider brokers regulated by their country's financial institutions or those recognized by leading global financial regulators.
How to start trading with Pocket Option
To start trading on Pocket Option, you need to set up a Pocket Option account (demo or real account). If you do not have any experience in binary, Forex, or stock trading, it is best to open a demo account since it is a free account. The demo account is also useful for professionals looking to test the platform for the first time. Below are steps on how to create a demo account on the Pocket option.
Step 1: Visit the Pocket Option official website and click on “free demo account”
Pocket Option website
Step 2: Click on a demo account to navigate to the demo trading platform
Pocket Option website
Step 3: Start trading
The basic steps to opening a trading position include selecting the instruments you want to trade, selecting chart types and indicators to monitor trade movements, setting the order time, entering the amount to trade, and choosing whether to go high or low.
Pocket Option website
Note: To open a real trading account, click on Register at any time, or go back to the home page and click on Registration. Trades on real accounts on Pocket Option can only be opened after completing the verification process and depositing a minimum of $5. The process of trading instruments is the same as it is on the demo account.
Pocket Option website
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).