What is Pocket Option?
Pocket Option is a brokerage house that first became known in 2017. In a short time, the company was able to attract thousands of active users thanks to the creation of attractive trading conditions.
At the moment, the company has more than 10 million users from more than 100 countries around the world. Interest from customers is due to the quality of service, which the company has made a priority since its foundation. Also, over the years of work, the company has been able to implement many unique and innovative ideas that have made trading more convenient and profitable for the company's customers.
So back in 2017, at the start of its work, the company introduced a unique product at that time - social trading. Thanks to this, many experienced traders were able to realize their potential in the market, and beginners with minimal losses and in a very short period of time were able to start earning real money on the market.
In 2019, the company expanded its range of activities and offered its clients a new trading platform. This is the MetaTrader 5 platform, popular all over the world, which is a bestseller in the Forex market.
In 2020, the company improved a number of its products by updating the customer support system, carried out a major interface update and implemented other improvements that made trading even more convenient, accessible and most importantly profitable for customers.
At the moment, the company continues to actively develop in all directions. The company is developing new markets, including active work in the Philippine market.
What is binary options trading with a trading platform?
A study of trading statistics shows that the tool is in demand primarily among beginners, so brokers strive to simplify trading platforms as much as possible by equipping the interface with a minimum of options. At the same time, there is a significant number of experienced traders on the market who are already more demanding on the functionality of the trading platform.
Trying to please all their clients, Pocket Option tried to develop the most functional and at the same time simple trading platform. Which satisfies the requirements of all traders, both novice and experienced.
Moreover, in 2019, for more experienced users, the company introduced a professional platform for working on Forex - MetaTrader 5. Thus, the company was able to find a balance and provide customers with the most comfortable trading platforms that meet all the requirements of modern traders.
Clients can use the browser-based trading platform of the broker's own development, with which you can make transactions in the binary market, as well as trade CFDs and stocks simultaneously. And they can use platforms for mobile applications, which also have all the necessary functionality.
Is Pocket Option legit in the Philippines?
Is Pocket Options regulated? Binary Options Laws in the Philippines? Is Pocket Option scam? All these questions and statements can only come from the lips of novice traders. Who just came to the market and still do not understand anything.
In turn, experienced ones know that the work of international binary options companies in the Philippines does not violate the law and is completely legit and legal.
Therefore, the answer to the question “Is Pocket Option legit?” - Yes. The company operates fully in accordance with the requirements of the law.
Is Pocket Options regulated? The company is registered with a private organization known as the International Financial Markets Regulation Center (IFMRRC). This is an organization created specifically to regulate the quality of services provided by brokers, dealing centers, as well as the reliability of services provided by participants in the cryptocurrency market.
All brokers that are members of this organization regularly undergo independent and fairly tough serious audits. Also, within the framework of this organization, there can be settlement of all disputes that arise between the client and the company.
Therefore, allegations that a Pocket Option scam or a dishonest company are usually based on unconfirmed information from inexperienced traders or are an element of unfair competition. Do not forget that the competition in the financial market is very strong and every year it increases more and more. As part of this competitive struggle, some companies use dishonest methods, including stuffing negative news and comments about their competitors.
Pocket Option is one of the leaders in its market segment, so it is obvious that such dirty methods of competition can sometimes be applied to the company.
The fact that the company has been operating honestly and openly for many years is evidenced by the fact that the overwhelming majority of positive reviews are online. These are testimonials from confirmed current customers of the company. A lot of positive feedback can also be found on the company's mobile applications. On official mobile app stores.
Are binary options legal in the Philippines?
The online trading business itself is global in nature, covering every corner of the Earth where there is access to the Internet. Now you can trade even from your mobile phone.
At the same time, the regulation of the financial market and, in particular, the binary options market in each country may differ.
For example, in the Asia-Pacific region, the binary options segment has no regulatory restrictions for growth and expansion. There are certain regulatory nuances only in countries such as Australia, New Zealand, Hong Kong and Japan. In these countries, binary options are not prohibited, but companies operating in the local market must fulfill certain requirements in order to obtain a license.
Is Pocket Option legit in the Philippines? Yes. Binary options in the Philippines are not prohibited and are absolutely legit. All residents of the country can use the services of brokerage companies without restrictions, register, open accounts, replenish them and receive profit for this. This is an absolutely legal activity, just like trading in Forex or the stock market, or the cryptocurrency market.
Therefore, only inexperienced users who are unfamiliar with the nuances of the functioning of this market in the country can say that binary options are not legit in the Philippines or Pocket Option is not legit in the Philippines.
How to sign up for a Pocket Options account in the Philippines?
There are several ways to open an account with a company:
- through the official website
- via mobile app
- via PC application
The user has the right to choose the most convenient way for himself. In general, the registration process will not be significantly different.
Having chosen the account registration method, the client can also choose the registration method:
- using your email
- using personal facebook account
- using a personal Gmail account
Each of these methods allows you to easily and quickly open an account with a company within 1-2 minutes. In the first case, you only need to enter your Email and come up with a password for subsequent login to your account.
In the second case, you will need to enter data from your Facebook or Gmail accounts for linking and subsequent identification when logging into your account.
Immediately after registration, the client receives full access to all the functionality of the trading platform, and can also immediately start demo trading. The company provides absolutely free demo accounts to all customers. This is a good way to risk-free test a trading platform, master it, or test a trading idea or trading strategy. This is a great option for beginner traders from the Philippines and beyond.
Is Pocket Options regulated?
The Pocket Option website has all the information about the company's regulation. It is presented in the relevant section. In particular, it says that the broker is regulated by the IFMRRC. This is an independent regulator that accepts online brokerage companies. To obtain the certificate, a company must fulfill various criteria that enhance the safety and reliability of the company's operation.
The site also contains a license, its number and a link to the site of the regulatory body, which confirms the veracity of the information provided.
There is also information on the Internet that the Pocket Option company is working to get higher regulation. It must be understood that this is a rather lengthy process and a license from a high regulatory body cannot be obtained in one day.
At the same time, the company's platform provides a high level of security and provides various security and protection tools for customers, such as 2-factor authentication and SSL certificate. The platform uses only secure payment methods and accesses funds at any time. Overall, Pocket Option is a safe company.
Summarizing the above-mentioned, we can conclude that there is no reason to doubt the legality of the Pocket Option online broker. The company has been working on the market all over the world for many years and has proved itself. It offers a wide selection of assets for trading and has a low entry threshold, which makes it attractive to novice investors who can try their skills as traders on a demo account with a balance of 10 thousand dollars. You can evaluate the benefits of the platform right now by clicking on the link below. The demo account is available even without a complicated registration procedure. Have a profitable trades!