Pocket Option Demo Account Review
Pocket Option is one of the leading online brokerages for binary options trading. They offer a wide range of features and services that allow their clients to trade with ease and confidence. One of the most popular features that Pocket Option offers is the ability to open a Pocket Option demo account.
A Pocket Option demo account is a great way for new traders to get started with binary options trading. Unlike a real account, a demo account allows you to trade with "play" money. This means that you can practice trading without risking any real money. It allows users to sharpen their trading skills before they commit actual money to the platform.
Today's post is a comprehensive guide on how you can open a Pocket Option mt4 demo account and start trading today. Let's get straight into it.
Pocket Option Demo Account Review
Pocket Option is one of the leading online brokerages for binary options trading. They offer a wide range of features and services that allow their clients to trade with ease and confidence. The platform also has diverse trading instruments and various trading signals and indicators.
Pocket Option's most notable feature, however, is its demo account. You can think of it as a Pocket Option practice account. It's designed to help Pocket Option's clients get a feel of how the actual trading platform works.
New users get $1000 in virtual cash to trade with. This allows them to test out the different features of the Pocket Option platform without having to risk any real money. The Pocket Option demo account is available for everyone, regardless of whether you're a new or experienced trader.
Types of Pocket Option Demo Account
Pocket Option offers two types of demo accounts:
The Pocket Option standard account, which is available for everyone
The Pocket Option mt4 demo account, which is only available to Pocket Option's clients who also have a live trading account with them
If you're new to Pocket Option, we recommend that you start with the standard Pocket Option demo account. It will give you a good overview of how the Pocket Option platform works. The only difference between the standard and demo accounts is social trading. This is a feature that allows you to copy the trades of other Pocket Option traders.
Pocket Option Demo Account Reviews and Features
The Pocket Option demo account is one of the best in the industry. It has all the features of a live Pocket Option account, with the only difference being that you're trading with virtual cash. Here are some of Pocket Option's most notable features.
Multiple trading assets: Pocket Option offers a wide range of assets that you can trade with. This includes popular options like forex, stocks, commodities, and cryptocurrencies. All these assets are available to trade on both the demo and standard accounts.
High payouts: Pocket Option has some of the highest payouts in the industry. This ranges from 65% to 95%, depending on the asset and expiry time.
User-friendly brokerage: Pocket Option has a user-friendly platform that's designed for both new and experienced traders. The interface is intuitive and easy to navigate. What's more, the platform has tons of educational materials that beginners can use to get up to speed with all things training.
Charting tools and indicators: Pocket Option has a wide range of charting tools and indicators that you can use to get insight into the market. These include popular indicators like MACD, RSI, and Bollinger Bands.
How to Open Pocket Option Demo Account
Pocket option boats a seamless registration process for its demo accounts. Opening a Pocket Option demo account is a breeze and will only take a couple of minutes. All you need to do is:
Go to Pocket Option's website and click on the "Create Demo Account" button
Enter your email address and create a password
Creating a Demo Account
Choose your account type (the Pocket Option Standard account)
Select the amount of virtual cash you want to trade with ($1000 is the default amount)
Click on the "Create Account" button
And that's it! You've now created your Pocket Option demo account
Pocket Option demo account
Now, you can access Pocket Option's trading platform, where you can start trading with virtual cash. Remember, the minimum amount you can trade with virtually is $1000, and the maximum is $50,000.
Expert Opinion
I believe that opening a demo account is absolutely essential for newcomers to this space. Trading real money without any prior practice is simply too risky. Demo accounts give you a safe environment to learn the ropes without the pressure of your capital being on the line.
New traders should spend at least a few months, if not longer, exclusively on a demo account before considering real trades. Use this opportunity to learn from both your successes and mistakes without any downside. Reflect on what worked and what didn't. Develop routines for analyzing assets and formulating entries and exits. Get comfortable placing trades and managing them over time.
Once you feel confident you have the basics down, your next step is to open a micro account with very small trade sizes as you transition to real money trading. This allows you to apply your demo lessons in a low-risk environment. Only after repeated small wins should you consider increasing your position sizes.
Having a long demo period is very important for building good risk habits before emotions and money come into play. Pocket Options demo gives users a great environment to develop their skills. Take full advantage of it before rushing into the live markets. Patience and practice are key.
FAQ
Does Pocket Option's demo account require a minimum deposit?
No, Pocket Option's demo account does not require a minimum deposit. You can start trading with as little as $1000 in virtual cash. If you want to kick it up a notch, you can trade with up to $50,000 in the demo account.
How long does Pocket Option's demo account last?
Pocket Option's demo account lasts for an unlimited period of time. You can use it for as long as you want until you feel confident enough to start trading with real money.
Can I withdraw money from Pocket Option's demo account?
No, Pocket Option's demo account is for training purposes only. This means that you can't withdraw any profits you make while trading on the demo account. However, once you upgrade to a live account, all the profit will be yours to keep.
Do I need a live Pocket Option account to open a Pocket Option demo account?
No, you don't need a live Pocket Option account to open a Pocket Option demo account. Plus, you can delete the demo account, anytime you want to.
Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.