How to Complete the Account Registration Process With a Broker Pocket Option
Pocket Option is an offshore broker headquartered in the Marshall Islands and regulated by the International Financial Market Relations Regulation Center (IFMRRC).
The company boasts excellent customer support and an easy registration process. Furthermore, it provides a complimentary demo account that's ideal for newcomers.
Its platform is user-friendly, featuring technical indicators and charts as well as social trading features. Plus, there's an extensive FAQ section and live chat support available 24/7.
1. Registration
One of the great features about this broker is that it provides a no-fee demo account. All you have to do is provide your email address and create a password, then start trading! Furthermore, its mobile app allows for convenient on-the-go trading!
Pocket Option is an ideal option for traders who favor cryptocurrencies over traditional currencies. The company supports various payment methods, including major credit and debit cards as well as e-wallets such as Perfect Money, WebMoney and Advcash. Plus its website is user friendly with quick live chat support that is friendly yet professional at the same time.
The company provides an extensive suite of trading tools, such as charts, indicators and account management software. Furthermore, they are licensed and regulated by IFMRRC - Australia's financial services regulatory body - making this a secure option for traders looking to invest their money.
Pocket Option's website offers a demo account at no cost, giving you the chance to test the waters before investing your real funds. Furthermore, it has several useful tools for traders such as an overview chart that displays all open trades conveniently.
2. Signing up for a demo account
If you are new to trading or simply want to test out your skills, a broker pocket option can be the ideal starting point. However, it's essential that you comprehend the distinction between a demo account and real account before signing up for one.
Demo accounts are virtual accounts at brokerage companies that let you trade options with fake money in conditions virtually identical to the real market. This is an ideal way to hone skills and strategies without risking real funds, plus it gives some indication of how much profit you may make when trading live.
First and foremost, you should find a broker offering a demo account. This way you can test out the platform to see if it suits your needs before depositing money or switching platforms. Furthermore, make sure they offer plenty of features and services that make life simpler for you.
Signing up for a demo account requires providing personal information, like an email address and phone number. This is essential since many brokers require ID verification before opening a real-money account.
Another advantage of a demo account is that it allows you to test out the mobile-friendliness of a specific broker's platform. This can be invaluable for some traders, as being unable to use an unresponsive platform can leave traders frustrated and disappointed.
Additionally, demo accounts can be an ideal way to test out trading signals and indicators. Most brokerages provide a selection of these, so it's worth exploring what they have available before committing to a live account.
When signing up for a demo account, there are several factors to consider such as your financial situation and the type of trading you do. If you use software like MetaTrader for trading, opting for a broker that integrates its demo account with it makes it much simpler to make accurate trades and ensures your experience is as realism-based as possible.
3. Depositing money
A reliable online broker should make it simple for you to deposit and withdraw money. In addition to traditional credit cards, major e-wallets like WebMoney or Perfect Money as well as popular cryptocurrencies like Bitcoin or Ethereum can all be funded into your account with zero fees attached - an impressive feature of these payment systems that other payment systems don't provide.
For newcomers to online trading, the process may seem complex. A reliable broker should have an informative FAQ section and live chat support as well as a dedicated UK phone number open 24/7. Moreover, good brokers usually provide plenty of educational materials to help you master this minefield known as online trading.
At the end of the day, you must decide if trading with pocket option is worth your while or not. You can test out their demo account first to get an idea of how things work before investing any funds of yours.
4. Trading
A trading account is an essential element of any online broker's platform, as it gives you the capability to buy and sell assets. Before trading commences, the broker typically requires you to open a trading account by filling out an account registration form and providing necessary documents.
Once you've opened a trading account, the next step is to verify it. This requires submitting some personal documents that verify your identity, address and other details. Usually, these include proof of income and bank account information.
Once registered, you have the choice to fund your account with credit or debit card or electronic wallets like Perfect Money and WebMoney. Withdrawals can also be made directly from these wallets without incurring additional commission fees.
If you're new to trading, it is wise to open a demo account before investing any real funds. Doing this allows for testing out skills and strategies without risking personal funds. Plus, using this account allows for learning the ropes and determining whether or not investing your own funds in the future is worthwhile.
Pocket Option's trading platform is user-friendly and provides a wealth of tools for traders to help them make informed decisions about their trades. It boasts an impressive list of technical indicators, five chart types, and time frames ranging from 5 seconds up to one day.
Social trading allows you to copy other traders' trades on the platform. This feature increases your odds of profiting from the market, as it allows you to view other traders' results and automatically duplicate their trades.
Pocket Option has been around for five years, earning itself a reputation for its extensive range of features and services. Its customer support team are available to answer questions via live chat, email and phone; plus there's an impressive library of guides and tutorials on its website.