Pocket Option Singapore – Introduction
Pocket Option first entered the binary options online trading market in 2017. It created quite a name for itself. Although online trading binary options brokers have a poor image, Pocket Option is among the most trustworthy binary options online trading platforms. It’s easy to create an account, and it is suitable for both new and expert traders.
Pocket Option in Singapore offers trading opportunities to thousands of traders all over the world including Singapore traders. It offers 100 plus trading instruments, both Binary Options and Forex trading in a single account. It is among the very few Binary Options Brokers in Singapore who offer MT trading platforms for Forex and CFD trading. The traders can use various local payment methods and Cryptocurrencies to their accounts and start trading. If you are looking for online trading in Singapore, consider Pocket Option and check out the review further.
How to Trade with Pocket Option Singapore?
- Research About Pocket Option – Before getting started, it’s crucial to understand what Pocket Option is and how it operates. Research about the platform, its features, trading options, safety measures, and most importantly, its legality in your country.
- Create an Account – Visit the official website of Pocket Option and click on the “Create Account” button. Fill in the necessary details such as your full name, email address, and password. You might also need to provide additional information for identity verification.
- Choose Your Preferred Trading Option – Pocket Option offers various trading options. You can trade in commodities, foreign exchange, and cryptocurrencies. Choose the one that best suits your interests and expertise.
- Deposit Funds – After setting up your account, the next step is to deposit funds. Pocket Option provides various payment methods. Choose the one that is most convenient for you. Remember that the minimum deposit may vary depending on the trading option you choose.
- Start Trading – Once your account is funded, you can start trading. You can choose to trade manually or use the automated trading feature. If you’re a beginner, it may be beneficial to use the demo account first to familiarize yourself with the platform.
- Withdraw Your Earnings – You can withdraw your earnings anytime. Just go to the withdrawal section, choose your preferred withdrawal method, and follow the instructions.
Pocket Option Account Types
- The standard account requires a minimum deposit of $50 and provides up to 1:1000 leverage. Those with a standard account can trade forex, cryptocurrency, metals, and indices.
- The VIP account requires a minimum deposit of $1,000. This account type offers several enhanced features such as expedited withdrawals, VIP customer service, and exclusive trading opportunities. In addition, VIP account users can take advantage of increased leverage up to 1:1000.
The Pocket Option demo account is excellent if you are unsure about using an existing account. To use the pocket option, you do not need to register with them. To get $ 1,000 in virtual cash to trade. Go to the Pocket Option website and select the Demo Account button. Of course, it is always best to test the water with a demo before investing real money.
The demo will give you enough hands-on experience to choose whether you want to continue. And thanks to the user-friendly account layout on the Pocket Option platform. You’ll quickly learn whether or not you’re involved with complex things.
Pocket Option Account Verification Singapore
Pocket Option account verification in Singapore involves a series of steps to ensure the security of the user and comply with international financial regulations. The process typically requires users to provide personal identification details, proof of address, and sometimes, proof of income. This may include uploading a copy of a government-issued ID, utility bills or bank statements, and tax returns or payslips. The verification process is designed to prevent fraudulent activities and protect both the platform and its users. The process can take a few days to complete, but once verified, users can freely trade and withdraw funds from their Pocket Option account. It’s a crucial step for anyone in Singapore looking to engage in online trading via this platform.
Pocket Option Singapore is regulated by the International Financial Market Relations Regulation Center (IFMRRC). The broker complies with the international regulations and carries out due diligence for its clients. The traders’ financial and personal data are verified before they can make any fund withdrawal.
Hence. all the traders should submit accurate personal and financial details so as to complete their account verification process smoothly. KYC, know-your-customer policy, and financial data verification is international anti-money laundering policy that must be completed.
Pocket Option offers a different special kind of asset, with more than 130 to choose from. These assets are divided into five categories:
The trading schedule on the pocket options website displays the assets currently traded and the percentage of payments for each.
Pocket Option Singapore Fund Deposit & Withdrawal Options
The Pocket Option deposit options include CARDS, E-PAYMENTS, or CRYPTOCURRENCY as per your convenience and deposit funds. Pocket Option does not charge any fees on your deposit. Hence you get the same amount you deposit, The Pocket Option covers the transaction cost. There are few local payment methods available in certain countries. Check for new deposit methods as Pocket Option adopts the newest payment methods from time to time.
According to industry standards, the minimum deposit for Binary Options trading varies from $5 to $100. However, the Pocket Option accepts $10 as its minimum deposit. So, traders can start trading in a live account with a minimum initial deposit of at least $10. The minimum investment amount in Pocket Options is $1 per trade.
Pocket Option offers a variety of deposit and withdrawal options such as Debit Cards, Credit Cards, Perfect Money, and AdvCash. The traders can also deposit using cryptocurrencies like Bitcoin, Bitcoin, Ethereum, Bitcoin Cash, Ripple, USDK, ZCash, Dai, Tether, and TrueUSD.
Regardless of the method you choose, depositing and withdrawing cash should not be a problem. In Pocket Option withdrawal option, the minimum withdrawal amount is also lower than the minimum deposit. For a successful withdrawal processing, you need to withdraw at least $10. Unlike other binary options brokers, they do not charge a fee or commission for fund withdrawals. However, keep in mind that there may be a charge for currency conversion. Many banks charge a fee for currency conversion and withdrawal. So you should be aware of any additional fees that apply outside the Pocket Option control.
Pocket Option Platform Features
Pocket Option presents an up-to-date and user-friendly trading platform, highly suitable for novice traders. It equips traders with an extensive selection of technical analysis tools for chart analysis, pattern recognition, and informed trading choices. The platform also provides a variety of customizable features for traders to tailor their trading experience.
Pocket Option is a platform that offers a variety of trading tools to help facilitate trading activities for its users. Here are some of the tools and features that it provides:
- Indicators: These are statistical tools that help traders predict market trends and price patterns. They are essential in formulating trading strategies. Some of the indicators offered by Pocket Option include Moving Averages, Bollinger Bands, MACD, RSI, and Stochastic Oscillator.
- Charts: Pocket Option provides real-time charts that allow traders to monitor price movements in various markets. These charts can be customized to display different timeframes, from a few seconds to several months.
- Economic Calendar: This is a useful tool for staying updated on economic events that could influence market movements. It shows the dates and times of upcoming financial news releases along with their expected impact.
- Social Trading: With this feature, users can follow and copy the trades of successful traders. This is particularly useful for beginners who are still learning the ropes.
- Risk Management Tools: These include features like stop loss and take profit orders that can help traders manage their risks effectively.
The Pocket Option Social Trading Feature is a unique and innovative tool that allows traders to follow and copy the strategies of successful traders. This feature is designed to help both novice and experienced traders in making informed trading decisions. Users can view the performance of top traders, study their strategies, and then apply those strategies to their trades. This social trading feature not only enables users to learn from the best but also reduces the risk by making more informed and calculated trading decisions. It’s a beneficial tool for those who are new to trading and wish to gain insights from seasoned traders.
Bonuses and Promotions
Pocket Option periodically offers different types of promotional codes, such as deposit bonuses, no-deposit bonuses, and special codes for email subscribers. To obtain a Pocket Option promo code, subscribe to their newsletter. This ensures you’re the first to be informed when a new bonus code becomes available. Additionally, frequent visits to their website and following their social media accounts can also lead to the discovery of a Pocket Option promo code.
Pocket Option Singapore Mobile App
The Pocket Options give you lots of options for how, when, and where you want to trade. Although the central Pocket Option platform is web-based, they have access to both PC and mobile trading. The mobile trading app version is available for iOS and Android. Making it easy to keep up to date with market news. Also, Pocket Options offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), iOS and Android apps.
All the features of the Pocket Option web platform are available in the Pocket Option mobile app. The app is free, and the interface can be quickly installed and launched. If you have an iOS 11.0 device or later installed, you can use the iOS app on an iPad or iPod touch. If you use Android, you will need version 4.4 or later.
Pocket Option Customer Support Services is available 24/7 and always ready to help you. Almost all information is readily available on the website. They provide 24/7 customer support and have both their email address and phone number listed on their page.
They can also be found on the social networking sites like Facebook, Instagram, and Twitter. It offers a live chat service on their website, so open it and start chatting. Of course, if you have any questions but don’t have time to chat, you can fill out the contact form on their trading website. They will respond as soon as possible.
Use the following information contacts them:
- Phone: 1 (800) 982-1251
- Email: support@PocketOption.com
Is Pocket Option Legal in Singapore?
Pocket Option, a popular platform for binary options trading, is legally permitted to operate in Singapore. This authorization allows Singaporean traders to engage in binary options trading using this platform, providing them with access to a range of global markets. Pocket Option’s acceptance in Singapore showcases its compliance with local financial regulations and its commitment to providing a secure and transparent trading environment.
Pocket Option Singapore Review – CONCLUSION
Pocket Option Singapore is one of the leading and trusted binary options brokers serving clients from all over the world. It offers over 130 different assets to trade, including currency pairs, stocks, and cryptocurrencies. Clients can avail of its services in services in more than 95 countries, including Singapore, the United Kingdom, the United States, and, Europe. The platform is reasonably easy to use. The customer support is excellent and provides smooth customer service when needed. But one of the downsides is that it offers only one trading account per user. Pocket Option Review Singapore – Recommended.