Pocket Option Qatar

Pocket Option Review Qatar

Pocket Options is a binary options broker that provides access to over 100 different assets ranging from the Forex pairs to company shares and cryptocurrencies. Brokerage offers regulated services for clients in more than 95 available countries and regions, including the United Kingdom, the United States (USA), India and Europe. This 2022 Pocket Option Review Qatar will help you learn more about Pocket Options, ranging from resources and mobile apps to regulations and fees. Learn how to open a trading account today through pocket options.

Pocket Option Headlines

Pocket Option was founded in 2017 by its current owner, Gembell Limited. In the Marshall Islands, The company’s office is headquartered, and they have created a big wave in the world of binary options.

Pocket Options is regulated by the International Financial Market Relations Regulation Center (IFMRRC).

Pocket Options has over 20,000 active users daily and over $ 500 million trading turnover. They cater to almost anyone looking to sign up and trade binary options from over 95 countries.

ExpertOption
  • Maximum Profit: 96%
  • Minimum trade: $1
  • Minimum deposit: $50
  • Assets: 100+ Crypto, Stocks, Commodities, and Currency Pairs
  • Platform: Web, Android, iOS, and Windows

Free Demo Account

 

Pocket Option

 

Trading Platforms

Pocket Options offers two commercial trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both are available as an online web trading app or a desktop application, which you can download from the company’s website for Windows (inc. 10) PC and MAC OS.

MT4 and MT5 are world-renowned platforms that offer a wide range of charting options, technical indicators, deadlines, additional features and drawing tools.

MetaTrader ( MT ) platforms also have flexible API support that allows traders to integrate an automated robot, a telegram signal bot, copy trading tools, or an official specialized trading keyboard.

Pocket Options has also created a web-based trading platform that is easy for newcomers to use and focused on being hassle-free.

The web app contains clear reports of all standard order types, customized indicators, transaction history, net worth, and past performance.

Pocket Option Review Qatar – App Drawbacks

However, the web app cannot set pricing alerts or notifications and has the option of logging in only one step without additional verification through Google Authenticator or similar systems.

With the Pocket Options platform, binary options trades are easy to understand and intuitive to place. In addition, the amount of pay-out, including the time to purchase and the expiration date, is clearly stated.

Brokers also specialize in fast transactions; The standard expiration time for this express trade is 30 seconds.

Everything is clear to the user and the platform even shows which way most users are trading at that time.

ExpertOption

Pocket Option Review Qatar – Markets

The Pocket Option provides 4 tradable asset classes: forex pairs, stocks, cryptocurrencies and commodities.

  • Stock: The trading platform has a wide variety of shares available to trade, all pooled from US exchanges. There are over 30 shares, including Facebook, Apple and Boeing.
  • Forex Pair: The platform offers over 30 major, minor and exotic forex currency pairs.
  • Cryptocurrencie: The Pocket Option has more than 30 cryptocurrencies for trading, including the most popular coins like Bitcoin and Ethereum and many smaller tokens.
  • Commoditie: Four commodities are offered on Pocket Option: UKBrent (North Sea crude oil), USCrude (Western Texas crude oil), silver and gold.

Fees & Pricing

As an expert broker in binary options trading, pocket options have a relatively low fee. They do not charge a commission when trading on a live account, so you do not lose any of your profits. There is also no deposit, withdrawal or inactivity fee.

Traders can expect competitive pay-outs through pocket options. Here are some examples of gains for binary options trading in different Forex pairs:

  • EUR/USD: 89%
  • GBP/USD: 85%
  • GBP/EUR: 59%

For stock traders, examples include:

  • McDonald’s OTC: 92%
  • Apple OTC: 92%
  • Microsoft OTC: 78%

All the Cryptocurrency binary options trades have slightly lower profits due to their volatility, generally around 40%.

Leverage

Pocket options do not have a specific leverage level that you must adhere to, although there is a maximum 1: 1000 rate. This means you can put down $ 10 and trade with 10,000.

However, always keep in mind that trading with leverage increases your potential profits and your losses.

Mobile Trading

Pocket Options includes a functional mobile app designed for APK (Android) and iOS (Apple). The app is great for on-the-go trading, it has all the necessary charts and order types. In addition, the design is easy to navigate and user-friendly.

Through the trading app, users can set up notifications and price alerts, which come in helpful mobile notifications. The app, however, does not support fingerprint or facial recognition login.

Pocket Option Review Qatar – Payments

Pocket Option does not charge a deposit fee, and the processing time is reasonable, usually about 1 to 2 business days. The minimal deposit is $ 50 and any deposit must be made in USD, as it is the only base currency in the pocket option.

There are 3 easy methods via which users can deposit funds:

  • Debit/Credit Card (e.g., Visa debit)
  • Bank Transfer
  • Electronic Wallet Transfer (e.g., Coinbase).

It also offers free pick up pocket options. The minimal withdrawal amount is $ 10, and there is no maximum withdrawal limit.

Generally, funds with proof will be received within 24 hours. Traders can raise funds through the same payment method they deposit.

Unfortunately, withdrawals are only available in US Dollars (USD), leading to problems such as banks charging conversion fees.

Demo Account

Pocket Options first offers a free demo account and application without opening a live account. Anyone can start a demo account, log in and practice trading. In addition, no deposit of actual funds is required to use a demo account.

In the demo account, Pocket Option pays you 10,000 to trade. This money can be recharged if lost. The goal of the demo section is to help traders navigate the platform and learn to trade.

Whether it’s a 30 second, 1, 2 or 3 minute 2022 trading strategy, a zig-zag strategy, or a YouTube OTC strategy, the Simulator Account is ideal for you to practice and develop the best method.

Pocket option trading

Bonuses & Promotions

New Pocket Option offers two different promotional deals for customers. The first is the 50% bonus on your deposit. Anyone who qualifies for this deal and doesn’t need a referral code, submit a minimum requirement of 50 USD and receive your bonus.

The more capital you put in at the beginning, the more cash you will get in this deal. For example, if you deposit $ 100, you get $ 50 but, if you deposit $ 1000, you get an impressive $ 500 bonus.

The only rule of this promotion is that you have to trade a certain number before withdrawing money.

Another pocket option promotion is the 50 no deposit bonus. Using promo code ‘NBD-promotion’, new customers can get 50 bonus.

To access this bonus, sign up for an account using the promotional code provided and receive your funds. Bonus can be withdrawn only after completion of several trades.

Look for other time-limited bonuses, such as promotional codes from June 2021 that have increased deposit bonuses for new clients.

Licensing

Pocket Options, and its owner Gembell Limited, is regulated by the International Financial Market Relations Regulation Center (IFMRRC). It is not an official financial regulator, and they do not offer Tier 1 Regulation, which means that features like Trader Insurance are not provided.

This does not mean that pocket options are a scam, but caution should be exercised, especially as some consumer reviews claim price manipulation.

The broker adheres to the anti-money laundering policy as well as the Know-Your-Customer (KYC) policy. In addition, all employees are trained to prevent fraudulent misconduct.

Pocket Option Review Qatar – Additional Features

The Pocket Option has a variety of special features that set it apart from other brokers like Nadex, BinaryCent, VideForex, and Quotes, including:

  • Social Trading: This feature accepts you to view and track other traders’ habits and strategies to learn from them. traders can see the successes that other traders are demonstrating or avoid any mistakes.
  • Tournament: This allows you to compete against other investors for bonuses. See how traders compare to others and make trading a little more exciting.
  • Achievement: These are earned through tournaments and are shown off to other traders as a fancy badge. The earning achievements can also grant you better pay-outs, trading funds and other perks to enhance your trading experience.

Account Types

There are just 2 different types of accounts available in the pocket option: a demo account (described earlier) and a live account.

A live trading account can be opened with just $ 50 deposit and gives you access to over 100 financial instruments. In addition, traders also have access to other benefits like cashback, social trading, signals and much more.

Pros Of Pocket Option

  1. No commission
  2. Over 100 assets
  3. Low trading fees
  4. 50% deposit bonus
  5. User-friendly interface
  6. High average pay-outs
  7. Demo account available

Cons Of Pocket Option

  1. Relatively simple platform
  2. Limited expiry time on trades
  3. No additional login verification
  4. Only one account type is available
  5. Not regulated by an official regulator

Trading Hours

There are various resources available for trading 24/7 in pocket options. The main Forex sessions run from 21:00 UTC Sunday to 21:00 UTC Friday

However, over-the-counter (OTC) assets such as USD and EUR / GBP / USD can also be traded on weekends. This session begins on Friday when the main session closes. If you do not use UTC, translate trading hours by time zone.

Other assets like cryptocurrency do not have specific market time and can be traded 24/7 in pocket options.

Pocket Option Review Qatar – The customer Support

Pocket Option has a good customer service level. Different means of communication are available, which means you can reach them 24/7, even on weekends.

If traders have a problem like something is not working or loading, your expiration date, or the contract expiration is wrong, they have a live chat system on their website. Again they can be contacted through Instagram, Twitter, Facebook, and other social media.

If you can’t chat, it’s possible to fill out a contact form on their website, and they’ll come back to you later. The broker can also be contacted by phone or email address.

  • Phone: 1 (800) 982 – 1251
  • Email: support@pocketoption.com

Pocket Option Review Qatar – Security

Security option is one area that Pocket Option is slightly lacking in. While the overall security of the trading app and website is relatively strong, desktop app, and mobile app all only support one-step login.

Pocket Option cannot use additional verification methods to further protect your account, which could leave traders account susceptible to being hacked.

Pocket Option Review Qatar – Summery

Pocket Option offers many great features that excite newcomers and experienced traders alike. Moreover, they set themselves apart from other forex, stock, and CFD brokers, focusing on binary options.

Though it lacks security, pocket Option has a transparent, competitive fee structure, simple-to-use platforms, impressive bonuses, and social trading support. So open a free demo account, practice your strategy and begin trading with Pocket Option today.

Who controls pocket options?

Pocket Option is regulated by the International Financial Market Relations Regulation Centre (IFMRRC) in the Marshall Islands. However, this is not an official regulator with tier one protection for traders.

Does Pocket Option Offer A Demo Account?

Yes, Pocket Option offers a demo account with $10,000 virtual funds.

How Much Capital Do traders Need to Trade with Pocket Option?

To trade with Pocket Option, you need to deposit the minimum amount of $50. As a result, you can trade with as little as $1 on the platform.

Is Pocket Option Legit?

Yes, Pocket Option is a legitimate broker.

Does Pocket Option Have A Mobile App?

In addition to supporting MT4 and MT5 mobile platforms, there is a mobile app with Pocket Options. All of these can be downloaded on both Android and iOS devices for on-the-go binary options trading.