Reviews About Pocket Option From Clients In Indonesia
Reviews about Pocket Option in Indonesia
According to customer reviews on the Traders Union portal, Pocket Option is considered secure, 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.
Before you open an account with a trading platform like Pocket Option, it is important to do underground research on the services available and the regulatory status and read feedback from previous users. Pocket Option reviews are vital to Indonesian traders seeking to know what this broker offers because these reviews are based on experiences from previous and active users of this platform.
However, in this article, TU experts will provide potential Indonesian 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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Is Pocket Option regulated in Indonesia?
No, but this broker is overseen by the Mwali International Service Authority (MISA (license number T2023322)) and the International Financial Market Relations Regulation Center (IFMRRC).
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Is Pocket Option suitable for novice traders from Indonesia?
Yes. Pocket Option provides novice traders with tools that will help them become top traders in a short time. These include low minimum deposits, educational tools and demo accounts, bonuses, and flexible customer support.
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Can Pocket Option clients from Indonesia use the broker’s mobile app?
Yes. Since no rules or official statements indicate the ban on Pocket Option services in Indonesia, the use of these brokers' applications is legal. Users of Android phones can download and install the Pocket Option app, which enables convenient trading from any location.
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How efficient is Pocket Option customer support in Indonesia?
Pocket Option is keen on serving its customers, which is why it provides prompt, round-the-clock customer service. The customer service team gives users and traders knowledgeable and practical information. Live chat, email, and phone support are among the available channels for customer support.
Pocket Option reviews from Indonesian 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 Indonesia? Is it safe?
First, Pocket Option is not regulated in Indonesia, even though it accepts clients from this region. Many jurisdictions acknowledge that this broker is unregulated and its legality is being investigated, it is nevertheless a secure broker. However, this broker displays a signed certificate from the International Financial Market Relations Regulation Center (IFMRRC) on its official website.
With licence number T2023322, Pocket Option is governed by the Mwali International Service Authority (MISA) and is a division of Infinite Trade LLC. Information on the official Pocket Option website states that Infinite Trade LLC is registered in four different regions under the registration number 4062001303240. These include;
San Jose-San Jose Mata Redonda
Republic Of Costa Rica
Blue Building Diagonal To La Salle High School
Neighborhood Las Vegas
The regulatory document on the site says the broker satisfied all the requirements in the International Business Company Act. This is per the mandate that the Autonomous Istand of Mwali (Mohéli) International Services Authority Office was given by the International Act of 2001.
Does Pocket Option Indonesia offer swap-free accounts?
Yes. Pocket Option makes provision for swap-free accounts, and they adhere to 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. 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.
Pocket Option Indonesia: pros and cons
Pocket Option is among the best choices for 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.
• The organisation offers educational resources and an intuitive user interface.
• Provide a range of products, including stocks, commodities, cryptocurrencies, and currency pairs.
• They let users practise trading with virtual money on a demo account before they use real money.
• There are no costs associated with deposits or withdrawals.
• 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.
• If the requirements for raising the trade turnover are not satisfied, all accrued bonuses expire upon the submission of a withdrawal request.
Features of trading on the Pocket Option platform
Pocket Option is designed to meet the demands of both novice and professional traders in Indonesia. So, the broker integrates features that make trading exceptional. Some of these features are listed below.
Maximum leverage: 1:1000/
Islamic account (swap-free): Available/
OS compatibility: Windows, Mac OS, mobile for Android and IOS/
Trading Platform(s): MT5; proprietary trading platform/
Minimum deposit and fees: $5 to $50; deposits and withdrawals are free of charge/
Copy trading service: Yes.
Payment Method: Over 50 payment options for deposit and withdrawal/
Fees: 0% platform, spreads, and inactivity fee; $0.5 commissions on average.
Signal providers: Yes
Account currency: USD
Account types: Stranger, Newbie, Beginner, Experienced, Master, Pro, and Guru trading accounts.
Demo account: Yes
Trading assets/instruments: Over 100 trading assets, including Binary options, currency pairs, commodities, cryptocurrency, OTC (currency, commodities, stocks, etc.)/
Trading tournaments, regular bonuses, gifts, promo codes and contests.
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).