Reviews About The Pocket Option Trading Platform From Clients In Pakistan
According to customer reviews on the Traders Union portal, Pocket Option is considered a reliable broker. Feedback about the Pocket Option platform shows users like the platform’s friendly interface and the ability to open and close transactions with a single click. The broker's perceived lack of regulation in certain jurisdictions is one of its challenges.
Pocket Option reviews in Pakistan will help potential traders know how safe it is to trade with the broker. Feedback from previous traders will go a long way in telling traders what to expect from Pocket Option. This article contains information on Pocket Pocket Option reviews in Pakistan and regulatory data. You will also get to know if this broker is good for beginners and if they offer an Islamic account.
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Does Pocket Option work with clients from Pakistan?
Yes. Since working with an offshore broker is legal in Pakistan, Pocket Option serves clients in this country. Pakistani authorities mandate that traders must only transact through brokers licensed in one of the top jurisdictions and that brokers must offer Islamic accounts to traders.
Pocket Option reviews from Pakistan 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 regulated in Pakistan? Is it legit?
Although Pocket Option welcomes customers from Pakistan, it is not regulated in this jurisdiction. However, not being regulated in Pakistan does not make the broker unsafe for traders, as the broker remains a legal platform. This broker's official website showcases a signed certificate from the International Financial Market Relations Regulation Center (IFMRRC).
Pocket Option is a subsidiary of Infinite Trade LLC, governed by the Mwali International Service Authority (MISA) under license number T2023322. According to information on the official Pocket Option website, Infinite Trade LLC is registered with the registration number 4062001303240 in four different regions. These include;
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San Jose-San Jose Mata Redonda
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Republic Of Costa Rica
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Neighborhood Las Vegas
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Blue Building Diagonal To La Salle High School
The website's regulatory document states that the broker complies with all International Business Company Act requirements. This is following the mandate that the International Act of 2001 granted the Autonomous Istand of Mwali (Mohéli) International Services Authority Office.
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.
Is the Pocket Option platform suitable for beginners?
Yes. Pocket Option integrates features that make trading more straightforward for first-time traders. The broker is renowned for its customizable features, speedy execution, low minimum deposit, 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.
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).