Pocket Option is an international broker that offers a demo account, support, and a wide variety of assets. It also supports a variety of payment methods, including cards, e-payments, and cryptocurrencies.
Pocket Option leverage ranges from 1:1 (minimum) to 1:1000 (maximum), which means that, if you put down $100, you can trade with up to $100,000. Leverage is a great tool to boost your profits but should be used responsibly.
Using leverage is a powerful tool to increase your profit potential, but it should also be used with care. Leverage can magnify losses and can negatively affect cash flow. Additionally, it can be emotionally draining to constantly trade with leverage.
Pocket Option’s maximum leverage is 1:1000, which means that you can use your trading capital to place up to $100,000 in trade positions. This is a great option for experienced traders, but beginners should avoid this feature unless they are comfortable with the risks associated with it.
How To Change Leverage in Pocket Option
You can customize the leverage settings on Pocket Option by simply switching to the MT5/MT4 trading mode within the "trading" section. Once you've made the switch, locate the MT5 icon in the left-hand toolbar and customize the leverage ratio to your preference.
Leverage options can vary, ranging from 1:1, 1:10, 1:100, to 1:1000. However, it's crucial to prioritize safety and opt for the most secure leverage option initially. Ensure you have a solid grasp of how leverage works before considering any increase. You can always make adjustments to the ratio as needed while keeping your risk management strategies in mind.
Also, You can also use a simulator account on Pocket Option to test your trading strategies without risking real money. You can practice your techniques on the demo account before moving to a live one, and you can even try out different trading methods to see which ones work best for you.
The Allure and Perils of Leverage
Wielded judiciously, leverage provides Pocket Option traders the chance to:
- Rocket boost profits - leverage can multiply returns far beyond the invested capital.
- Unlock trading opportunities - more buying power allows trading high-value assets on a budget.
- Customize risk/reward profile - choose from conservative to aggressive leverage ratios.
PocketOption allows traders to dial up leverage from a modest 1:1 ratio up to an adrenaline-pumping 1:1000 ratio depending on the asset traded. For example, 1:100 leverage means for every $1 deposited into a trading account, Pocket Option generously contributes an additional $99 in borrowed margin. So a modest $1000 deposit can command $100,000 in buying power when leveraged 100:1.
However, careless use of leverage also risks:
- Catastrophic losses - leverage magnifies downside as well as upside.
- Margin call meltdowns - volatility can trigger demands for more margin capital.
- Emotional rollercoaster - high leverage ratchets up psychological pressures.
Traders can fine-tune the amount of leverage applied to each trade placed on the PocketOption platform. More leverage enables larger position sizes and the chance to reap exponentially greater rewards. However, it also exposes traders to uncapped losses if the market moves against them. With 100:1 leverage, even a 1% adverse price move would wipe out the entire capital deposit. Prudent risk management is mandatory when leveraging up.
Tips for Using Leverage Pocket Option
- Start small - Use low leverage until experienced. 1:10 or 1:20 is suitable for beginners.
- Employ stop losses - Set stop losses on all trades to limit potential downside.
- Monitor margin daily - Maintain sufficient margin to withstand market swings.
- Adjust leverage wisely - Increase leverage ratios gradually as experience grows.
- Reduce leverage in volatility - Lower leverage in uncertain or volatile conditions.
Some of the tools you can use on the simulator account include 30 different indicators, which are available in a variety of languages, and a social trading platform. These tools allow you to copy other traders on the site, which can help you learn more about how they make their trading decisions and how to improve your own.
The broker offers a wide range of markets and assets, including foreign exchange pairings, shares, commodities, and digital currencies. They accept deposits in a variety of cryptocurrencies and fiat currencies, and offer a low minimum deposit.
Another great feature on Pocket Option is its customer support, which can be contacted via email and a UK-registered phone number. Whether you’re having problems with your deposit or withdrawal, the team at Pocket Option will be happy to assist you. They’re also available on Instagram, Telegram, and Facebook, so you can get in touch with them whenever needed.
The minimum deposit to start trading on Pocket Option is $50. This is not a lot, but it is low enough to make it a good choice for beginners and experienced traders alike. This deposit amount can be transferred from one account to another, and it doesn’t require a separate transaction fee.
The site accepts deposits in many popular currencies, including USD. This makes it easy to fund your account, and the processing time is reasonable – usually one or two business days. You can also use an electronic wallet transfer (e.g., Coinbase), which can help speed up the process.
As a bonus, Pocket Option offers a 50% deposit bonus for new clients who open a live account. However, this bonus can’t be withdrawn until you have made trades with your initial deposit and meet the required net trading turnover level.
In addition to this, you can also find a free demo account to practice trading and get familiar with the interface without risking any real money. This is a great way to hone your skills before you invest real money, and it’s a good idea to use a secure password.
Traders can also try out a number of different strategies on the Pocket Option platform, including short-term and turbo options. For example, they can use the 1-minute, 2-minute, 3-minute, and 4-hour strategies to trade stocks and commodities. They can also use zig-zag and momentum strategies to increase their profits.
There are also a number of bonuses offered by Pocket Option. These can range from no deposit bonuses to cashback rewards.
For instance, new customers can receive a $50 bonus by using the promo code ‘NBD-promotion’ when they sign up for an account. This bonus can’t be withdrawn until several trades are completed, but it’s a great way to get started on the platform.
In addition to this, Pocket Option has a customer support team that is available around the clock via live chat and email. It also has a community forum where users can discuss issues with other traders and ask questions about the company’s services.
If you’re new to binary options, you may be wondering about the minimum trade size. Pocket Option is an easy-to-use and intuitive trading platform that makes it simple to place trades with a small amount of money.
Pocket Option Maximum Trade Amount - it depends on your profile level and can reach $20000 (max level). And the minimum trade is $1, which is very affordable. Details about the levels can be found on profile page.
The platform is available for both desktop and mobile devices, and it has a simple registration process that requires an email address and password. Once you’ve registered, you can access your account and start trading.
Unlike other brokers, Pocket Option doesn’t charge commissions on deposits or withdrawals. This means you won’t have to worry about hidden costs or losing money on trading fees.
This is a big draw for potential clients because it saves them money and time by not having to pay an extra fee when depositing or withdrawing funds. The platform also provides a variety of currencies and cryptocurrencies to trade with.
In addition to a wide range of tradable assets, Pocket Option offers a number of features to help traders make more profitable trades. These include signals, indicators, and social trading.
It also offers a variety of trading accounts, including a demo account that lets you try out a strategy without risking real money. These are ideal for beginners to learn how to trade.
For those who are looking for more advanced trading strategies, Pocket Option also has a simulator account where you can practise your strategies with $10,000 in virtual money. Whether you’re trading 30 seconds, 1 minute or zig zag, this is an excellent way to test out your ideas before risking any money.
The simulator also allows you to practice your trading skills with real-time market conditions, and it helps you become familiar with the complexities of forex and stocks. You can even trade with a variety of currencies and commodities, including gold, silver, oil and a few cryptocurrency pairs.
Pocket Option is regulated by IFMRRC, and it follows the AML and know-your-customer (KYC) policies to protect users from fraud. Its customer support is also available 24/7. You can get in touch with them via phone, email, and live chat.
If you want to learn how to trade binary options, you can use Pocket Option to practice and test your strategies. The platform provides a free demo account, which allows you to test your skills before investing real money. You can also try out their promotions and bonuses, which include a 50% deposit bonus for new customers.
To open an account, you must register your email address and phone number on the website and upload the documents the broker requires to verify your identity. Once you have completed these steps, you can start trading on a real account.
In addition to credit and debit cards, the broker accepts payments via WebMoney, Advcash, Perfect Money, VLoad and bank transfers. Withdrawals can be made using the same methods, and funds are usually credited within 24 hours in most cases.
The minimum withdrawal amount is $10, and the funds are credited to your account instantly. The company does not charge any fees for deposits or withdrawals, though there may be charges associated with the payment system used.
There are a wide range of cryptocurrencies that can be used to fund your account, including Bitcoin, Litecoin, Ethereum and Ripple. You can also deposit using a range of fiat currencies, such as the USD currency.
Unlike most other binary options brokers, Pocket Option does not charge a commission for withdrawals. This makes it a more appealing option for traders who are looking for a simple and secure way to withdraw their funds.
Pocket Option offers customer support via email, live chat and a toll-free telephone number. During our tests, we found that queries were quickly responded to by members of the staff.
Another advantage of Pocket Option is that its website is easy to navigate and intuitive. Its interface helps you learn how to trade without having to download a complex app or spend a lot of time researching and implementing strategies.
The Pocket Option website also features an extensive FAQ section, which answers many common questions about the broker and its features. It also publishes documentation and online training courses, so you can find the answers to your questions quickly. You can also receive personal assistance from a member of the team who will help you make informed investment decisions.