Pocket Option Singapore Review
Pocket Option Singapore Review 2023
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 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.
Pocket Option Singapore – Platform Overview
Here is an overview of the primary features of Pocket Option. Wide range of assets, Higher payout on successful trades, MT5 Platform, Bonus Deposit, Easy and safe payment processing system, and much more. Explore more in this Pocket Option Singapore Review.
| Features | Pocket Option |
|---|---|
| Established | 2017 |
| Regulated | Yes. IFMRRC |
| Demo | Yes. Free |
| Minimum Deposit | $10 |
| Minimum Trade | $1 |
| Bonus | Up to 50% |
| Deposit Methods | Crypto, Bank Transfer, Local Bank Deposit, eWallets, Credit Cards, Debit Cards |
| Trade Types | High Low, Binary, Forex and CFD on MT5 |
| Platform | Web Based, Windows, iOS, and Android |
| Social Trading | Yes, Copy trading vailable |
| Singapore, UK and US traders | Yes, Accepted |
| Assets | more than 130 assets |
| Countries | 95+ countries accepted |
| Our Score | Strongly recommended |
Pocket Option Review Singapore – Pros and Cons
The Pocket Option has many features you might like as a trader. But you should also know the potential deal-breakers before trading on this broker. When considering a binary options trading broker, the broker should have good features. So that you provide the most excellent trading experience possible. And while the pocket option is an attractive one with many unique features and resources, you shouldn’t overlook the downsides. So weigh things, and figure out which binary option works best for you.
| PROS | CONS |
|---|---|
| 130+ Assets available for trading | One trading account per trader |
| Up to 50% Bonus Deposit | High Low Binary Options only |
| Fast processing of funds | Easy to use platform |
| Social Trading and Tournaments | Not licensed by any Government regulator |
| Risk Free Demo |
Expert Option Demo Account
Pocket Option – Free Demo
Expert Option Demo
Pocket Option Review Singapore – Brokers Comparison
Pocket Option is one of the outstanding brokers among the Online Trading Platforms. Other brokers or trading platform providers are Pocket Option, Olymp Trade, Quotex, and ExpertOption. Check out the review of each of these Online trading brokers before you decide.
Regulation
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.
The Pocket Option Account Types
There are several types of pocket options accounts that can help traders to trade. These types of accounts are very convenient for newcomers. They can easily learn how to trade. The account status upgrades automatically when the traders reach different milestones. Higher account staus come with higher benefits. The following table is a comparison of account types on Pocket Option:
Only Perfect Money will charge a minimum 0.5 percent fee for raising funds. The bank that transfers may also charge a fee. Withdrawals with other electronic payment methods or credit cards are free. Without changing any settings or communicating support, Pocket Options automatically creates a swap-free account for all traders.
Pocket Option Demo Account in Singapore
The Pocket Options 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 Options 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 Options platform. You’ll quickly learn whether or not you’re involved with complex things.
Assets
Pocket Option offers a different special kind of assets, with more than 130 to choose from. These assets are divided into five categories:
- Forex
- Indices
- Cryptocurrency
- Commodities
- Stocks
The trading schedule on the pocket options website displays the assets currently traded and the percentage of payments for each.
Pocket Option Deposit and Withdrawal System in Singapore
The UI of Pocket Options simplifies the deposit and withdrawal process. On the deposit page you can select either 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, 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.
What is The Minimum Deposit of pocket option?
According to industry standards, the minimum deposit for Binary Options trading varies from $5 to $100. However, 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, Lightcoin, Etherium, Bitcoin Cash, Ripple, USDK, ZCash, Dai, Tether, and TrueUSD.
Regardless of the method you choose, depositing and withdrawing cash should not be a problem. The 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 Mobile Trading Platform Singapore
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 a MetaTrader 4 (MT4) and MetaTrader 5 (MT5), iOS and Android apps.
All the features of the Web Pocket Option is available in the Pocket Options mobile app. This is because the trading platform is quite simple and very mobile-friendly.
The app is free, and the interface can be quickly installed and launched. If you have 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
Trade Types
Although Pocket Options only offer one trade type, it is quick to get such a good payout. With low/high options – the most basic of all binary options online trading types – Pocket Option simplifies the online trading process. You have to set a time limit for your trading order and estimate whether the asset price will be more excellent or lower at the end of the time than it was when the clock started.
High/low options provide a near-instantaneous payment, which makes it excellent for binary options traders who want to make quick profits. Low/High options can help you practice your method quickly if you are new to binary options in Singapore. You can fix your timer for at least 1 minute (60 seconds). If you enjoy playing extended games, you can choose up to four hours of expiration time.
Payouts
In the binary options market, Pocket Option are known for their high payouts. The minimum percentage you can earn is 50% when their average is significantly higher. For accurate high / low predictions, you can usually expect a payout between 80% and 100%.
According to Pocket Option’s official website, you can get up to 218% payout, which is not entirely unheard of. Even the most reputable binary options companies advertise rewards up to 200%.
Keep in mind that high/low trading generally pays you higher than many other types of binary options online trading, such as pair options.
If you want to get acquainted with Pocket Option, then 60-second high/low option trades can be very useful, and they can give you substantial profit in minutes! However, it is best to exercise caution when trading high/low options, as many failed transactions can quickly put you at a disadvantage.
Pocket Option Bonuses & Promos for Singapore Traders
The Pocket Options offers a 50% deposit bonus on your first investment when you open a live account with them. Of course, the bigger your initial investment, the more 50% bonus you will get.
But you can’t withdraw the demo bonus until you start trading. Therefore, pocket options require you to participate in the trading market first. Some investors may believe that they can sign up to pick up the bonus with their original deposit.
Additional Features
Pocket Options offers many additional features that will enhance your experience. You can access many features with a live account, including social trading, tournaments, and achievements and signals.
Social Trading
This trading feature is especially useful for beginners. It allows traders to monitor the trading habits of other investors. You can even learn to emulate the deals of the most experienced traders for the best results.
Pocket Option Tournaments
Pocket Option tournaments allow traders to compete against each other and win prizes. It’s not like social business because it’s more of a competitive environment But you’ll still be able to compare your performance with other businesses in both cases. Also, you can earn and win prizes by participating in tournaments. Some rewards can get you up to $ 50,000.
Achievements
Pocket Option Achievements are just a nice badge that shows your trading experience when you earn them through tournaments. Your achievements are worth as much as $ 50,000 prize money. You also get trading benefits. You can simply earn trading funds, a payout percentage bonus, and other benefits. It will help you improve your online trading skills and increase your chances of making a profit.
Indicators & Signals
Pocket Options show you when the market reverses and prices rise or fall. Signals, drawing tools, and indicators help you know when you will make the most money from a trade.
Is it easy to make additional profit on the free demo account in Singapore?
The free demo account allows you to familiarize yourself with the platform Practice trading skills on different assets, and experiment with new strategies on a live chart without risk. Demo account funds are not actual funds. You can increase them by making creative deals, but you cannot withdraw them. Instead, you can switch to a real account whenever you are ready to start trading with real funds.
Is Pocket Option Legal in Singapore?
In 2017, Gamble Limited launched Pocket Options, a binary options trading platform. Pocket Option broker in Singapore is a reputable and trustworthy binary options broker that places a high priority on the privacy of its clients. The IFMRRC regulates this trading option. In addition, Pocket Option complies with the AML and Know-Your-Customer Policy, which protects against any fraudulent activity involving the client's personal information.
The company behind the pocket option is Gembell Limited, and the official registration number is 86967.
How can you submit a review on the Traders Union website for Pocket Option?
You can simply register on the Traders Union website to submit a review about Pocket Options. And you can post a review on Facebook.
What is the Best Pocket Trading App in Singapore?
Pocket Option has a trading app. Traders can use this easily. Pocket options trading App is better than other trading apps in Singapore.
Customer Support
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
Summary
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.