Pocket Option For Beginners 2024
If you are considering binary options, you might be familiar with the risks associated with them Pocket Option Api Python . However, if you are new to this trade, you must have confused its procedure and functioning . You can, of course, do many hit and trial methods, but it will consume a lot of time . However, if you choose a broker to show directions, your work would be a lot easier.
How long has Pocket Option been around? Pocket Option was founded in 2017 by a team of talented IT and FinTech specialists who wanted to prove that people don't need to compromise to earn on financial markets — that trading should be accessible, convenient and more fun.
Does pocket money really work? The Pocket Money app is indeed real and not fake . It is a legitimate mobile application that helps users track their expenses , set budgets , and manage their finances . The app has been featured in various reputable publications and has received positive reviews from users .
But, how to choose a broker, especially when you have plenty of options? In this article, we will guide you to choose efficient regulated Binary Options brokers.
Here is the the list of regulated brokers:
Regulation: Yield & Assets: Advantages: Yield: 95%+100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
(Risk warning: Trading is risky)
Yield: 97%+100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
(Risk warning: Trading is risky)
Yield: 90%+100+ Markets
- Regulated & safe
- Crypto trading
- High returns
- Fast execution
- Social trading
- Low minimum deposit of $ 50
(Risk warning: Trading is risky)
Regulation: Yield & Assets: Yield: 95%+100+ Markets Advantages:
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
from $10
(Risk warning: Trading is risky)
Regulation: Yield & Assets: Yield: 97%+100+ Markets Advantages:
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
from $50
(Risk warning: Trading is risky)
Regulation: Yield & Assets: Yield: 90%+100+ Markets Advantages:
- Regulated & safe
- Crypto trading
- High returns
- Fast execution
- Social trading
- Low minimum deposit of $ 50
from $10
(Risk warning: Trading is risky)
Introduction Pocket Option For Beginners 2024
In a market full of options, knowing what is trustworthy and what is not is essential. When you choose a broker, you will give them a load of responsibility to regulate your binary option. So, you cannot just pick the one you saw first. And here comes the importance of choosing a regulated broker. But what is a regulated broker? And why a regulated broker?
Regulated brokers are individuals who have a license to act as trade brokers from a competent financial body. Of course, you can only trust the regulated brokers, but a stamp by experts an experienced tribe is always better than taking risks by yourself. It is essential to know that all the brokers may primarily have a business license, but it differs from a regulating license from a relevant financial authority.
(Risk warning: You capital can be at risk)
Which are regulation authorities?
You must acknowledge yourself about the authorities, which are considered as the regulators.
Why are regulated brokers important?
It is not easy to trust one, keeping in mind the huge number of fraudulent licenses and regulations in every field when it comes to brokers. Regulation alone cannot necessarily help the broker gain your trust, but it can surely be counted as a significant factor.
It is undoubtedly difficult to find out regulated brokers in the long list of licensed ones. Since they are responsible for regulating your binary options, you must choose the correct one.
Best 3 regulated Binary Options brokers
It is essential to choose the correct broker, especially because the trade involves an investment of money. The broker provides all data regarding the binary options. So, if your broker is not trustworthy enough, you might lose your invested money.
To prevent this mishap, countries like the European Union, Belgium, Israel, and the USA have banned any such trading of binary options. Yet this is widely practiced and has a high demand in quite a few countries. But the risk of losses remains.
To steer clear of these losses, you can go through the above-mentioned list of the five best-regulated binary options brokers.
(Risk warning: You capital can be at risk)
#1 Quotex
Quotex bears the trademark of Awesomo Ltd. It was granted a license recently in November 2020. The company is based in Seychelles and is regulated by the International Financial Markets Regulatory Center (IFMRRC).
Quotex is working hard day and night to create a safe zone for its users by combining simple binary options with more complex and powerful tools. Quotex provides its account holders with more than 410 varieties of binary trading options.
Security
Quotex is regulated and has been granted a license by the International Financial Market Relations Regulation Centre (IFMRRC). The regulation from the IFMRRC protects the account holders of Quotex by providing compensations, thereby ensuring complete reimbursements for the customers if, by any chance, the company fails to make payments.
Get a free deposit bonus of 50% at Quotex with our promotion code “bobroker50“
Account
To ensure that all sorts of traders, i.e., both beginners and experienced ones, can find their space here, Quotex features three different types of accounts:
- Standard: This account is meant for beginners who are scared to invest much in the trade. Beginners can open the standard accounts with a deposit of as little as USD 5.
- Pro: This account is meant for more experienced traders with a higher profit percentage and more money to invest in the trade. Customers can open their Pro accounts with a deposit of USD 1000.
- VIP: The VIP account offers veteran traders enhanced profit percentages and a series of ongoing bonuses and deals. The minimum deposit for the VIP solution is $5,000.
Charges and Fundings
Quotex customers can open accounts with a deposit of as little as USD 5. In addition, all users can have complete access to products of binary options and customer support.
Accounts can be funded with US dollars, Rubles, Euros, Brazilian Reals, Ukrainian Hryvnia, etc. The registration process is simple, and even beginners create an account and start trading within an instant.
(Risk warning: You capital can be at risk)
#2 Pocket Option
Pocket Option was established in 2017 and had been carving a niche in the market ever since. It bears the trademark of Gembell Limited and is based in the Marshall Islands.
Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC). It provides its customers with more than 100 asset options. Pocket Option is renowned for its high payouts in the binary options market for having high payouts.
Security
It is regulated by the International Financial Market Relations Regulation Centre (IFMRRC). The regulation from the IFMRRC protects the account holders of Pocket Option by providing compensations, thereby ensuring complete reimbursements for the customers if, by any chance, the company fails to make payments.
Accounts
The Pocket Option offers only one type of account for its users. However, they have a quick and impressive payout — the offer, for their users, high and low options for trading. The users’ work is simply to set up a period and predict whether or not the asset price will move up or down the graph.
These high and low options ensure that the customers receive quicker payouts and sure success for the traders. If you happen to be a beginner, you can use the lower options to hone your skills before opting for the higher ones. The time limit can be set as low as 60 seconds up to 4 hours if you have enough time at hand.
Demo Account
Like a very few other regulated binary options brokers, Pocket Option allows beginners to create demo accounts. With the help of these accounts, you can practice the techniques of the trade and at the same time does not incur any such losses.
With your demo account, you will receive virtual funds that can be automatically refilled. With the help of a nearly live account, you can master your skills and then step out onto the field.
(Risk warning: You capital can be at risk)
#3 Expert Option
Expert Option was established in the year 2014. It is based in Cypriot. From 2014 to 2017, Expert Option emerged as one of the most profiting forces among the binary options brokers.
Expert Option provides its users with five separate options, including cryptocurrencies.
Awards
Expert Option won the Best Trading Platform award title in May 2017 at the China Forex Expo.
Security
Expert Option has been granted a license by the Vanuatu Financial Services Commission (VFSC). It is regulated by the International Financial Market Relations Regulation Centre (IFMRRC).
The regulation from the IFMRRC protects the account holders of Expert Option by providing compensations, thereby ensuring complete reimbursements for the customers if, by any chance, the company fails to make payments.
Accounts
All account holders are offered bonuses. However, the bonus depends on the type of account. In other words, the higher the accounts level, the higher the bonus. Expert Option provides its users with three different account types. They are:
- Mini Account: This account rewards a bonus of 50%.
- Silver account: This account rewards an 80% bonus award.
- Gold account: This account rewards users with a 100% bonus.
Holders of VIP accounts, however, receive a bonus of 125% on the first deposit. The VIP account holders are granted quite a few more privileges like quicker money withdrawals.
Funding
Funding your account on Expert Option can be done through credit as well as debit cards. VISA and MasterCard are both accepted. Transactions are processed in a few minutes. Bank wires are also made available for the users. Accountholders can withdraw money as little as USD 10.
(Risk warning: You capital can be at risk)
Conclusion: Best regulated Binary Options brokers are mostly offshore
Indeed, even regulations cannot ensure the trust of the customers. Moreover, all these regulations have their pros and cons. For instance, if you are trading with a regulated binary options broker, you cannot trade within the USA. This is well ensured by the stringent rules of the CySEC, CFTC, SEC, and other such regulators.
To trade within the USA, you will have to opt for binary options brokers not regulated by any financial authority. For example, you can consider Boss Capital, Redwood Options, and CherryTrade.
In a nutshell, whichever option you go for, the risks of the trade will always remain. Even if you opt for the most renowned and regulated binary options broker, you cannot be guaranteed complete success each time. So, it is always much easier if you choose a binary options broker. Nevertheless, it is always essential to learn the trade tricks and hone your skills before stepping out into the field.
(Risk warning: You capital can be at risk)
Frequently Asked Questions
Which Binary Options Brokers are regulated?
Regulated brokers are those which are certified by common financial authorities like Cyprus Securities and Exchange Commission (CySEC), Isle of Man Gambling Supervision Commission (GSC), Malta Gaming Authority (MGA), US Securities and Exchange Commission (SEC), etc.
How do you withdraw money from Binary Brokers?
To withdraw your money, you must log in first and then go to the withdraw option. Then your money will be transferred to your bank account within a stipulated amount of time.
Why are Binary Options banned?
Binary options are prone to fraud in their uses and are hence prohibited as a form of gambling by regulators in many places. However, a few nations with several laws are still using them due to their high demand.
About the author
Percival KnightPercival Knight is an experienced Binary Options trader for more than ten years. Mainly, he trades 60-second trades at a very high hit rate. My favorite strategies is by using candlesticks and fake-breakouts