Pocket Option Camila

Also called 'all-or-nothing', 'fixed return options' or 'digital options', binary options enable you to make (or lose) money by predicting the short term movements in the price of a share, commodity, currency or index.

How do I get started with Pocket Option ? Navigate to your Profile to enter all the personal and address information and upload ID document and address proof documents Pocket Option Broker Beezy Trade . Your account will be reviewed and confirmed once everything is provided correctly, unlocking you all the features Pocket Option platform has to offer!

How long does it take to get paid from Pocket Option? If you have decided to use an electronic wallet, then you should receive the money within five to ten hours. If, on the other hand, you have decided to make your payment through a bank transfer, the processing of your request might take up to five business days.

How many people trade on Pocket Option ? What people say about us Pocket Option Tutorial . More than 10 million customers worldwide trust us and earn daily.

What documents are needed for Pocket Option address verification? Acceptable documents include bank statements, address certificates, or utility bills not older than three months. Ensure the uploaded documents are clear, colored, and unedited. Bank card verification. If you intend to withdraw funds using a card, Pocket Option will request card verification.

Usually, the timeframes are short and you don’t have long to make your call – in some cases less than a minute . For example, you might put money on your guess that a share will trade above its current price in the next hour . If you guess correctly you could ‘win’ a fixed amount of money Pocket Option Quick Trading Strategy . If you guess incorrectly you would lose the money you invested.

Most binary options providers operate through an online platform. You have to make a minimum deposit to set up an account before you can start trading. There’s usually also a minimum amount you need to place on a trade.

Once you’ve placed a trade, in most cases your money is locked in until the option expires. If you decide you’d like to stop trading, you should receive the balance of your account back. This is the initial sum you invested, plus or minus any wins or losses. Make sure you confirm this before paying your deposit.

Main types of binary options

High/low – you predict whether the price will be higher or lower than the current value (the strike price) when the option expires.
One touch option – you predict whether you expect the price to hit a target (a strike price) above or below the current price. If the price hits the target just once before it expires, you’ll make money. If it doesn’t hit the target, you’ll lose the money you’ve invested.
Range option – you select a price range you expect your asset (for example a share) to trade within until the option expires. If the price stays within the range, you receive a fixed payout. If it moves outside the range, you lose your investment.

Real-life scam stories

Diana's story

Diana recently lost around US$5,000 investing in binary options. She clicked an ad on a Yahoo! news article and watched slick videos about how she could ‘make easy money from home’.

Risks

Making money from investing in binary options isn’t as simple as it looks Binary options may promise to make you money quickly, but like gambling, you could lose all of the money you’ve invested. Most online platforms make binary trading look easy by promoting a simple three-step process – online tutorials, educational materials and pop-up chat boxes. Don’t be fooled. Guessing the short-term movements of a share price, currency, index or commodity is extremely difficult, even for professionals. It’s possible to lose a lot of money trading in this way.
If it seems to good to be true,it most likely is Options offering high payouts (up to 500%) are likely to be structured in a way that makes the chances of winning quite low.
Most foreign traders are unregulated This means there’s little oversight and there’s a higher risk the provider may default on its payments or the investment could be a scam. Some trading platforms have refused to credit customer accounts or reimburse accounts after accepting money.
There's a higher chance you could become a victim of fraud Online platforms may not be regulated, which makes fraudulent behaviour much easier. We’ve been advised of platforms manipulating software so the provider doesn’t have to pay out. Examples include changing the duration of the trade so it generates a loss or cancelling the trade altogether. Another example of fraud is identity theft. This is where online platforms use or share the customer information they collect, without the customer’s permission.

How to reduce risk

Make sure your provider is licensed by us. A licensed provider must meet the minimum standards required by law, and we monitor them. If they don’t have a licence, don’t deal with them.
Take care when providing copies of your credit card, driver’s licence or other personal data online – particularly if the business is based overseas and not licensed in New Zealand. This puts you at risk of identity theft.
Be aware of providers offering ‘training’ and ‘tools’ that promise a particular product or technique giving access to easy money. While software programmes and training courses can teach you how to make binary trades, no person or programme can ever accurately predict how those trades will move.
Do your research, particularly if you decide to invest in an overseas business not licensed in New Zealand. It’s often impossible for you to recover your money if an overseas investment turns out to be a scam.