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 T2023322) 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
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 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 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 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.
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).