Reviews About Pocket Option From Clients From Nigeria
According to customer reviews on the Traders Union portal, Pocket Option is considered a secure and reliable broker. The Pocket Option platform's user-friendly interface, assortment of trading instruments, and quick order execution have won over many users. However, being perceived as an unregulated broker is one of the difficulties this broker encounters in certain jurisdictions.
Pocket Option reviews in Nigeria entail experiences from previous users of this platform. The unrecognized regulation of this broker makes it even more important that potential traders research and read feedback about Pocket Option. Such reviews will help new users know how safe it is to trade with this broker in Nigeria.
However, in this article, TU experts will provide potential Nigerian traders with information on the Pocket Option regulation, the benefits of using this broker, and reviews about Pocket Option by previous users.
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Can you trust Pocket Option?
Yes. With license number T2023322, Pocket Option is a platform that is lawful, overseen by the Mwali International Service Authority (MISA) and the International Financial Market Relations Regulation Center (IFMRRC). Reviews of Pocket Option on the Traders Union portal indicate that the broker offers a fast and simple deposit and withdrawal process, allows traders to use 2FA, and offers a safe and secure trading platform.
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Why should I read reviews about Pocket Option?
It is essential for prospective traders who are just getting started with Forex or stock trading to read RoboForex reviews in Malaysia. This is the source of the information indicating the legitimacy of RoboForex's services.
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Where can I write a review about Pocket Option?
While users can write reviews in the comment section of the Pocket Option platform, writing and reading reviews on third-party platforms are best. However, you can write your own and read other people's reviews on online review platforms or forums like Traders Union, Trustpilot, Forex Peace Army, and the Google business page of Pocket Option. Additionally, social media platforms allow you to voice your opinions. LinkedIn, Facebook, and Twitter are popular platforms where people can write feedback about P.
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Is Pocket Option regulated in Nigeria?
No. Pocket Option is overseen by the Mwali International Service Authority (MISA) and the International Financial Market Relations Regulation Center (IFMRRC).
Pocket Option reviews from Nigerian traders
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Comment
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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Comment
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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Comment
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 Nigeria? Is it legit?
Pocket Option serves as a legitimate and reliable trading platform for Nigerian traders interested in binary options, Forex, stock, and commodity trading. Although not regulated within Nigeria, it operates as a secure offshore broker that accepts clients from the region.
The International Financial Market Relations Regulation Center (IFMRRC) authorizes and oversees the Pocket Option trading platform; it is not subject to the laws of any well-known country. As a branch of Infinite Trade LLC, the broker is regulated by the Mwali International Service Authority (MISA) under license number T2023322.
Infinite Trade LLC is registered in multiple regions, including Neighborhood Las Vegas, San Jose-San Jose Mata Redonda, Republic Of Costa Rica, and the Building Diagonal To La Salle High School. The broker complies with the International Business Company Act, as mandated by the Autonomous Island of Mwali (Mohéli) International Services Authority, ensuring adherence to regulations that secure user investments.
Why is the regulation of pocket options a concern?
There are questions regarding the regulation of Pocket Option due to its regulators' lack of international recognition and their base in the less well-known island nation of Comoros in the Indian Ocean. The regulatory body, Mwali International Services Authority, holds jurisdiction over financial services and licensing in Moheli, an autonomous territory within the Comoros archipelago.
Regulatory rules have evolved to adapt to the changing financial landscape, including regulations for firms dealing with virtual currencies. Amendments to banking and licensing laws in 2013 were followed by the implementation of new rules in 2019.
M.I.S.A. oversees several registered companies, including foreign banks, insurance companies, gaming companies, trusts, and brokerage firms. While investors are generally advised to engage with brokerages holding licenses from reputable financial regulatory bodies, Pocket Option's regulatory status remains a point of consideration due to the nature of the regulators and their adaptation to industry changes. Investors are encouraged to exercise caution and consider the potential risks associated with the broker's regulatory environment.
Does Pocket Option offer an Islamic account?
Yes. Pocket options make provision for accounts that follow the requirements of Islamic trading laws. In compliance with Islamic law, an Islamic trading account is a swap-free account that forbids the accrual and payment of interest rates. With these accounts, traders can be sure that their transactions are completed instantly. Muslim traders using this type of account on Pocket Option enjoy a trading experience that is in line with their religious beliefs because they comply with Sharia law's requirements.
If trading occurs in the same setting as the contract and goes through directly, without a break, without interest, then it is deemed halal. Delays in transactions can be viewed as usury, which could pose a challenge for Muslim Forex traders.
Pros and cons of Pocket Option
Pocket Option is among the best choices for Nigerian traders searching for platforms where they can trade binary options, Forex, and other top instruments. To guarantee steady trading for traders and investors, the broker creates innovative trading platforms that make trading simple, transparent, and convenient. A few advantages and disadvantages of the Pocket Option are listed below.
👍 Pros:
• Pocket Option provides excellent services for trading binary options in the over-the-counter market.
• Pocket Option offers a $5 to $50 minimum deposit and a $1 trade limit, making it an extremely user-friendly platform for novices.
• Signal providers and investors can work together flexibly, enabling investors to be offline.
• The organization offers educational resources and an intuitive user interface.
• Pocket Option provides six user accounts and a demo.
• They provide a plethora of options for both deposits and withdrawals.
• Provide a range of products, including stocks, commodities, cryptocurrencies, and currency pairs.
• They let users practice trading with virtual money on a demo account before they use real money.
• There are no costs associated with deposits or withdrawals.
• Real-time trading signals and social rewards
• In addition to real-time trading signals, Pocket Option provides social rewards for top traders.
• Excellent user interface and customer support
👎 Cons:
• They lack a license from a respectable regulatory body
• A minimum $1,000 deposit is required to trade Forex using MetaTrader 5
• The response time of the support service is also slow, ranging from 24 to 48 hours.
• Some users have complained about slow withdrawal processes and bonuses that expire if withdrawal requirements are not fulfilled.
• Verification of identification and phone number is necessary.
• If the requirements for raising the trade turnover are not satisfied, all accrued bonuses expire upon the submission of a withdrawal request.
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).