Reviews About Pocket Option From Clients From India
One of the best practices Indian traders should follow to avoid the many scam brokers trooping the trading industry is to research brokers and read reviews before joining them. The best method to verify the reliability of these brokers is to read reviews or feedback posted by previous and active users. Pocket Option is a top trading platform traders can trade within India, but there is a need for potential users to go through Pocket Option reviews in India.
In the article, TU experts will provide traders with genuine reviews about Pocket Options, including their regulatory status, which is the key reason the broker is scrutinized in many jurisdictions.
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What reviews are there about Pocket Option on Traders Union?
The reviews about Pocket Option on Traders Union entail the experiences of customers investing with the Pocket Option trading platform. According to Pocket Option reviews on TU, transactions go smoothly, withdrawals are fast and reliable, there are low spreads and leverage, and customer support is prompt.
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What is the Pocket Option minimum deposit for clients in India?
With Pocket Option, a live trading account requires a minimum deposit ranging from $5 to $50. Additionally, there are several payment options and no fees associated with deposits into Pocket Option accounts.
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Where can I write a review about Pocket Option?
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 the broker. Additionally, social media platforms allow you to voice your opinions. LinkedIn, Facebook, and Twitter are popular platforms where people can write feedback about Pocket Option.
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Is Pocket Option regulated? Is it legit in India?
Yes. The International Financial Market Relations Regulation Center (IFMRRC) and the Mwali International Service Authority (MISA) oversee Pocket Option; however, none of these authorities are based in India. Pocket Option is one of the legitimate online trading platforms that traders can use, as there are no limitations on offshore brokers imposed by the regional regulator, the Securities and Exchange Board of India (SEBI).
Pocket Option reviews from Indian 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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Comment
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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Comment
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 India? Is it Legit?
Regulators from India do not regulate the financial operation of the Pocket Option trading platform in its territory, even though they accept clients from this location. While there is an ongoing investigation into the regulatory status of this broker in many jurisdictions, it asserts itself as a secure platform. Operating as a branch of Infinite Trade LLC, Pocket Option is governed by the Mwali International Service Authority (MISA) and is licensed (license number T2023322).
The broker prominently features a signed certificate from the International Financial Market Relations Regulation Center (IFMRRC). According to details on the official Pocket Option website, Infinite Trade LLC is registered in four different states, with the registration number 4062001303240. These regions include:
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Republic Of Costa Rica
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San Jose-San Jose Mata Redonda
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Blue Building Diagonal To La Salle High School
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Neighborhood Las Vegas
The regulatory documentation available on the website asserts that the broker has fulfilled all the prerequisites outlined in the International Business Company Act. This is claimed to follow the International Act of 2001's mandate, which was given to the Autonomous Island of Mwali (Mohéli) International Services Authority Office.
Pros and cons of Pocket Option
Pocket Option is among the best choices for Indian traders searching for an automated passive income platform. 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 licence 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.
Remark:
Although Pocket Option is an unlicensed broker and some users have reported slow withdrawal processes, the platform has a substantial user base (more than 10 million people have registered with the brokerage) and positive reviews. With its cutting-edge features and ability to participate in a range of financial markets, Pocket Option is a dependable trading platform.
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).