Reviews about Pocket Option from clients in Colombia
According to customer reviews on the Traders Union portal, Pocket Option is considered safe, 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.
Pocket Option services are available across many jurisdictions, like Colombia, even though they are banned in some countries. The financial authorities in Colombia advise traders to deal only with reliable offshore brokers. So, to ensure you are trading with the best broker, research and read Pocket Option reviews in Colombia and know their regulatory status.
This article contains information on Pocket Pocket Option reviews and the regulatory data for Pocket Option platforms. Additionally, you will learn whether this broker is suitable for novice and seasoned Colombian traders.
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What are the reviews about Pocket Option at Traders Union?
Reviews about Pocket Options on Traders Union are written experiences of users who have invested in the platform. According to some of the Pocket Options reviews on TU, withdrawals are fast and reliable, there are low spreads and leverage, and customer support is prompt.
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Does the Pocket Option work legally or not?
Yes. Pocket Options work legally as they are licensed by the Mwali International Service Authority (MISA) and the International Financial Market Relations Regulation Center (IFMRRC).
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What is the minimum deposit at the Pocket Option?
A live trading account with Pocket Option requires a minimum deposit of $5 to $50.
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Does Pocket Option have bonuses for beginners?
Yes. Beginner traders get what is known as a no-deposit bonus. A no-deposit bonus is money traders receive and can trade with without depositing any money into their accounts. The no-deposit bonus is offered to traders after completing their account registration and is specifically for new users.
Pocket Option reviews from Colombian 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 legit? Is it regulated in Colombia?
Pocket options are regulated, which disproves the arguments made against them. Notably, Colombian financial regulators have not granted Pocket Option an operational license. Nevertheless, traders in the area continue to be able to utilize the broker's services.
The Mwali International Service Authority (MISA) grants authority to Pocket Option, which operates as a division of Infinite Trade LLC. The official Pocket Option website discloses that Infinite Trade LLC holds registrations in four distinct regions under the unique identifier 4062001303240.
As evidence of its regulatory compliance, this broker is presented with a certificate it displays on its official website from the International Financial Market Relations Regulation Center (IFMRRC). The regulatory document on the website affirms the broker's adherence to all requirements outlined in the International Business Company Act.
Despite the absence of a license from a top financial regulator, Pocket Option stands as a trustworthy and secure platform for Indonesian traders to engage with, notwithstanding the uncertainties stemming from its lack of licensure by a prominent regulatory body.
Why is the regulation of pocket options a concern?
Pocket Option is under scrutiny because the country and the financial institutions in charge of it are not recognized internationally. The nation that oversees Pocket Option is Comoros, which is located in the Indian Ocean off the eastern coast of Africa. Its challenges include a fast-growing populace, limited natural resources, and poor transportation infrastructure. The country is one of the most climate-vulnerable places in the world because of its topography and location, with 54.2% of the population living in areas that are at risk.
The Mwali International Services Authority is this region's financial regulator, and they have sole jurisdiction over financial services and licensing in Moheli (an autonomous territory). In 2013, the government made changes to the law on banking and other activity licensing. 2019 saw the implementation of new regulations, which include virtual currencies.
Currently, there are about 12,000 companies that are registered with the M.I.S.A.; these include 24 foreign banks, 6 insurance companies, 9 gaming companies, 84 trust and brokerage companies, etc. As a rule of thumb, financial regulators advise traders to invest with brokers regulated by their country's financial institution or top-recognized global financial regulators.
Is Pocket Option a good broker for Colombian traders?
Yes. Pocket Option integrates features that make trading more straightforward for traders in Colombia. The broker is renowned for its low minimum deposit, customizable features, speedy execution, and user-friendly interface. Investors wishing to practice trading binary options and other assets on the platform can open a demo account. Trades can mimic the trading strategies of seasoned traders through social trading options.
Novice traders may also benefit from the educational materials offered to assist them in learning how to trade assets on the platform. Pocket Option provides access to over 100 foreign trading assets, including indices, stocks, commodities, cryptocurrencies, and currency pairs.
Pocket Option does not charge for accounts, trading, withdrawals, or deposits. It is encouraging to see that the majority of user reviews for PocketOption indicate that withdrawal issues are nonexistent. The site offers excellent account management, automated trading tools, adaptable customer service, and security to guarantee a profitable trading endeavor.
Pocket Option has garnered favorable feedback despite being perceived as an unregulated broker. Users' overall satisfaction is directly attributable to the platform's extensive range of trading tools and informative features, which they find valuable.
There is an advanced profit-sharing system with passive long-term income. You can get a bonus as a new user, commissions, and stunning prizes for being a top performer in contests
Pocket Option bonuses for Colombian traders
Bonuses available for Colombian traders are:
Welcome Bonus: These are additional funds traders may receive after registration and for making the first deposit.
No Deposit Bonus: Traders who become verified users on Pocket Option receive a $50 no-deposit bonus. Before applying for the $50 bonus trading credit, traders must set up their accounts and finish additional steps.
Deposit Bonus: This is an incentive for every dollar deposited into the account. The initial deposit into a legitimate trading account must be more than $50 to qualify for up to 50% of the total amount.
Pocket Option occasionally holds various promotions and prize draws that are valid for a specific period. Additionally, trading competitions, gifts, promo codes, and competitions are among the well-known incentives that Pocket Option offers its traders.
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).