Reviews About Pocket Option From Clients In South Africa
South Africa is a friendly country to brokers like Pocket Option, which offers binary options, currency, stock, and commodities trading. Pocket Option is a top brokerage that traders can trust to trade over 100 assets, including binary options. However, researching and reading Pocket Option reviews in South Africa is a great way to start your trading journey with this broker. You will find valuable information that will help you determine if the Pocket Option trading platform is the broker you need to become a professional trader.
In this article, TU experts will provide genuine reviews about Pocket Options. Read on to find them.
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What are the reviews about Pocket Option at Traders Union?
Reviews about a Pocket option on Traders Union refer to comments that previous and active users post after trading with the broker. According to feedback about Pocket Option, active customers believe this broker has fast execution that makes deposit and withdrawal interesting. Notwithstanding the current regulatory scrutiny the broker is subject to, active users maintain that it is a reliable and secure binary trading platform.
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Does the Pocket Option work legally?
Yes. Pocket Option operates legally with the license (license number T2022086) issued to them by the International Financial Market Relations Regulation Center (IFMRRC) and Mwali International Service Authority (MISA).
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What is the minimum deposit at Pocket Option?
The minimum deposit on the Pocket option trading platform is between $5 and $50.
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Does Pocket Option have bonuses for beginners?
Yes. Beginners can benefit from the no-deposit bonus, which is available after a trader completes their account registration and verification. Another available bonus is the welcome bonus, which is available after a trader makes their first deposit.
Pocket Option reviews from South Africa traders
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Comment
My first impression of Pocket Option was very positive — the registration process is simple, and verification is instant. You just need to upload a photo of your ID, and within half an hour, you can fund your account. The minimum lot for binary options is just $1, which makes it convenient to test strategies without much risk. I also appreciated the bonus programs — I received a 50% bonus on my first deposit, which allowed me to open additional trades. In the first month, I earned $58 on options.
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Comment
Pocket Option pleasantly surprised me with the wide range of deposit and withdrawal methods — over 50 options, including bank cards, e-wallets, and more than 30 cryptocurrencies. For me, this was the deciding factor when choosing a broker. The withdrawal was fast: $120 was credited to my AdvCash account within 2 hours. The platform is user-friendly, Forex spreads are reasonable, and I was also impressed with the accuracy of their signals — 7 out of 10 trades closed in profit.
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Comment
Reliable and User-Friendly Broker I've been using Pocket Option for 8 months and it’s been great. The platform is easy to use, even for beginners. I usually trade GBP/USD and USD/JPY in the evenings. Withdrawals are fast — I’ve withdrawn $200–$300 multiple times via Skrill and Litecoin. LTC withdrawals took around 15–20 minutes, Skrill about 4–6 hours. Support is responsive and helpful, and I really like the technical tools and signals. Overall, it’s a solid broker for short-term trading — definitely recommend.
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Comment
I started trading with Pocket Option at the beginning of this year and was pleasantly surprised by the low minimum deposit of just $5. It’s a great option for beginners — no need to risk a large amount upfront. The broker offers over 100 trading assets, and I actively use currency pairs and cryptocurrencies, which helped me grow my deposit by $48 in a month. I especially liked the ability to copy signals from professional traders via the MQL5 platform — the signal success rate is over 70%. I also appreciated the fast verification process and the wide range of deposit and withdrawal methods — it's very convenient to top up via AdvCash.
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Comment
I use Quick Trading mode best for me and I like it.
Is Pocket Option legit? Is it regulated in South Africa?
Pocket Option is a legal trading platform for South African traders seeking to invest in Forex or trade binary options. While this broker is not regulated in South Africa, it is a safe offshore broker that accepts clients from this region.
Although many jurisdictions acknowledge that this broker is unregulated, putting its legal status in doubt, it is regulated and operates under a license. This broker has a signed certificate from the International Financial Market Relations Regulation Center (IFMRRC) posted on their official website. As a branch of Infinite Trade LLC, Pocket Option is regulated by the Mwali International Service Authority (MISA) under license number T2022086.
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 Neighborhood Las Vegas, San Jose-San Jose Mata Redonda, Republic Of Costa Rica, and the Building Diagonal To La Salle High School.
As per the mandate given to the Autonomous Istand of Mwali (Mohéli) International Services Authority Office by the International Act of 2001, the broker satisfies all the demands of the International Business Company Act. This regulator's mandate guarantees Pocket Options functions and follows regulations that guarantee the security of user investments. This clarifies why the majority of user reviews maintain that the broker is a secure platform.
Short summary about Pocket Option
The Pocket Option trading platform is classified as a non-regulated trading investment since it has not received approval from reputable financial regulators. This broker's strict security protocols and Mwali International Service Authority (MISA) regulations make it a secure platform for investing.
Pocket Option provides traders with trading services that include demo and Islamic accounts, a low minimum deposit, and up to six different account types. Numerous deposit and withdrawal options are available, and you can trade more than 100 assets.
It is the best investment app for beginners looking for a platform with a low entry barrier. There are no costs associated with making deposits or withdrawals. Even though Pocket Option is a binary options broker, Forex traders can trade currency pairs in style with its abundance of trading tools and features.
Is Pocket Option a good broker for South African traders?
Pocket Option is a good broker for South African traders, considering the tools and general trading services it provides. With over 100 trading assets, an excellent trading platform, instant withdrawals, and social trading services, you can be sure of having the best trading experience. With social trading options, you can imitate the trading strategies of experienced traders.
The broker allows traders to trade Forex, binary options, and other premium instruments and offers traders high payouts. The broker develops cutting-edge trading platforms that make trading easy, transparent, and convenient to ensure consistent trading for traders and investors. The broker is well known for its quick execution, low minimum deposit, adaptable features, and easy-to-use trading interface.
The broker provides demo accounts and excellent educational materials to prospective traders interested in trading binary options and other assets on the platform. There is an advanced profit-sharing system with passive, long-term income. You can get a bonus as a new user, commissions, and stunning prizes for being a top performer in contests.
Pocket Option does not charge for accounts, trading, withdrawals, or deposits. The site offers excellent account management, automated trading tools, adaptable customer service, and security to guarantee a profitable trading endeavor.
Despite being seen as an unregulated broker, Pocket Option has received positive feedback. The wide array of trading tools and informative features that users find valuable are directly responsible for their overall satisfaction with the platform.
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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).