How to Start Trading: Sign-Up and Account Creation With a Broker Pocket Option
If you're new to trading, there are a few straightforward steps you can take. These include signing up for a free account, opening a demo account and funding your new account.
Pocket Option is an online broker that lets users trade binary options and cryptocurrencies on their platform. It's user-friendly with 24/7 customer support available via email, phone and live chat.
Get started in a few easy steps
Signing up and creating an account with Pocket Option is a breeze. All that's required is providing your e-mail address and password, then you can start trading immediately. Plus, with their free demo account option, you can try out their platform before investing any funds.
If you are new to binary options trading, a free demo account is the ideal way to learn the ropes and determine if it's suitable for you. With this demo account, you can test out Pocket Option's trading interface and determine whether or not it meets your needs.
Pocket Option's platform allows traders to trade a range of underlying assets, such as currency pairings and stocks. While it is user-friendly for beginners, it also provides some advanced tools for more experienced traders.
For traders seeking a more advanced platform, Pocket Option provides MetaTrader 5 (MT5) software. Although more complex than the web-based platform, this version gives you access to additional indicators and trading algorithms not available with the latter.
The platform is accessible on the web as well as through mobile apps for iOS and Android, both free to download. These applications are easy to set up and use - especially convenient if you're traveling or on the go since it allows users to monitor their accounts from any location.
If you need assistance using the platform or have queries regarding trading, don't hesitate to contact customer support. Their email address and phone number can both be found on the website, making it simple for you to connect with a real person.
Pocket Option also has social trading features, which enable traders to copy trades from other individuals and profit from their successful strategies. This makes the social trading feature an invaluable aid for newbies in trading.
Another advantage of this broker is that it accepts multiple payment methods, including credit cards and electronic wallets. Furthermore, there are no extra commissions charged on deposits or withdrawals. Furthermore, its minimum deposit amount is low, making it accessible even for new traders with small budgets.
Sign up for a free account
If you're new to trading, it's wise to sign up for a free demo account. This will give you an opportunity to test out the Pocket Option platform before investing actual funds. It also helps determine if learning how to trade online is worth all the time and effort it requires.
Pocket Option's website offers a straightforward sign-up and registration form that only requires your email address and password. Once verified, you can start trading right away! The platform supports various payment methods including major credit cards and bank transfers.
Pocket Option offers a broad selection of assets, such as currencies, commodities, stocks and cryptocurrencies. It is licensed in over 95 countries worldwide - including the US and Europe. Their customer support team are available 24/7 via phone, email and live chat to answer all your queries.
Traders have the opportunity to participate in tournaments with prizes of up to $50,000. Furthermore, they can join social trading platforms, where they copy other traders' trades for financial gain. This is an invaluable feature for beginners as it gives them a chance to make money while learning from experienced traders.
Pocket Option offers seven distinct account types in addition to social trading capabilities. Each account comes with access to social trading, gifts with magnificent rewards, an unlimited total amount, multiple open transactions and the option to chat with other traders. The acceptable level of minimum balance varies by account type; there are different thresholds set for what constitutes acceptable profitability levels.
Pocket Option offers an impressive payout rate of up to 128% on winning trades, making it a great option for beginners. Furthermore, its low minimum deposit and trade fees, along with various free tools that traders can use to make informed decisions, make it an attractive option. Moreover, Pocket Option's user-friendly platform and customer support make it even more attractive to novice traders looking to get started.
Get a demo account
Demo accounts are an ideal way to practice your trading skills and strategies before risking real money. They also allow you to determine whether or not a particular broker is suitable for you.
Most brokers provide a demo account, though some require you to make a deposit before accessing it. This usually occurs because the broker needs to verify your identity and provide personal details; if this is an issue for you, look for a broker with a simpler verification process.
Another advantage of a demo account is that it allows traders to test trading techniques on various assets. This is especially helpful for those wanting to explore new asset classes such as forex, commodities and cryptocurrencies.
Test technical indicators and other tools you may not be familiar with. Many platforms provide live alerts system which will notify you when a certain trend is occurring, enabling informed decisions.
However, it's essential to remember that demo accounts should not be traded throughout an entire market cycle. This means the same strategy you develop on a demo account won't translate to live trading, so be mindful how long you leave it open for.
Establishing a demo account with Pocket Option is both effortless and free, making it the ideal way to begin your trading career. They provide various account types and deposit methods so you can pick one that best meets your requirements.
Demo accounts allow traders to trade with virtual funds, providing an invaluable learning opportunity before investing any real funds. This feature is especially helpful for beginners as it gives you a taste of how well the platform functions and whether further exploration is warranted.
Once you feel confident, transferring from a demo account to a live one and trading with actual funds is simple. Some platforms even permit withdrawal of profits from the demo if you're satisfied with the experience.
Fund your account
Funding your account can be done via bank transfer, debit/credit card or e-payments. Please note that these may take a few business days for the broker to process these payments; once they do, your balance will be updated accordingly.
Another option is using a payment app such as PayPal or Skrill. These services enable you to send money from one account to another quickly and efficiently, though some services may charge fees or split your payment into multiple parts.
You can deposit your funds with a cryptocurrency exchange such as Bitstamp. On these platforms, you choose the cryptocurrency to deposit and use the exchange's address to send it directly to Pocket Option. Afterward, use this same address to withdraw any remaining funds from Pocket Option.
When making a withdrawal from your Pocket Option account, the funds will be converted to the currency of your choice. This is an efficient way to reduce currency conversion fees.
For instance, if you deposit USD with an e-payment service and then withdraw it to your local currency, currency conversion fees will be applied on top of the original transaction. Therefore, it's wise to review the terms and conditions associated with each payment method before making a withdrawal.
Pocket Option provides its members with a range of assets to trade, such as forex, cryptocurrencies and stocks. Furthermore, they have a social trading feature which enables members to copy trades made by other traders within 10 seconds after they execute them - an excellent opportunity to learn new trading strategies without risking real money.
Furthermore, the company offers a low minimum deposit amount that's ideal for those with limited funds to invest in their accounts. This makes trading options on mobile devices accessible to many more individuals than before.
Pocket Option boasts an impressive payout percentage, meaning its clients get paid generously for their trades. In some cases, payouts have reached as high as 92% - one of the highest in the industry. Furthermore, Pocket Option provides newbies with a free demo account so they can practice trading options without risking any money out of pocket.