Can You Use Pocket Option in the Us. Are you a trader in the US and looking for an online broker to trade binary options, forex, and cryptocurrencies? If yes, then you may have heard about Pocket Option. It is a relatively new player in the market, but it has already gained popularity among traders due to its unique features and user-friendly platform.
In this article, we will discuss the benefits and risks of using Pocket Option in the US. We will explore its features, regulatory status, customer support, and more. Let’s dive in!
What is Pocket Option?
Pocket Option is an online broker that allows traders to trade binary options, forex, and cryptocurrencies. It was launched in 2017 and is owned by Gembell Limited, a company based in the Marshall Islands. Pocket Option offers its services to traders in more than 100 countries, including the US.
Benefits of Using Pocket Option
One of the biggest benefits of using Pocket Option is its user-friendly platform. The platform is easy to navigate, and even beginners can use it without any difficulty. The platform is available in multiple languages, including English, Spanish, German, and more. Traders can access the platform through their web browser or mobile device.
Wide Range of Assets
Pocket Option offers a wide range of assets to trade, including currencies, commodities, stocks, and cryptocurrencies. Traders can choose from more than 100 assets and trade them on different time frames, ranging from 60 seconds to 4 hours. This allows traders to diversify their portfolio and minimize their risks.
Pocket Option offers high payouts on successful trades. The payout percentage varies depending on the asset and the time frame. Traders can earn up to 96% on their investment, which is higher than most other online brokers.
Pocket Option offers a demo account to its users. Traders can use the demo account to practice trading without risking their real money. The demo account is a great way to test the platform, try different trading strategies, and gain confidence before investing real money.
Bonuses and Promotions
Pocket Option offers bonuses and promotions to its users. Traders can get a bonus on their first deposit, and there are regular promotions and contests with cash prizes. This is a great way to boost your trading account and increase your chances of success.
Risks of Using Pocket Option
Can You Use Pocket Option in the Us. Pocket Option is not regulated by any major regulatory authority, such as the SEC or CFTC in the US. This means that there is no oversight or protection for traders in case of any fraud or misconduct by the broker. Traders should be cautious and do their due diligence before investing their money.
Limited Customer Support
Pocket Option has limited customer support compared to other online brokers. Traders can contact the support team through email, phone, or live chat. However, the response time may be slow, and there is no 24/7 customer support. Traders should be prepared to handle any issues on their own or seek help from other sources.
Limited Educational Resources
Pocket Option has limited educational resources compared to other online brokers. Traders can access some basic tutorials and articles, but there is no comprehensive educational program. Traders should have some prior knowledge of trading and be sure.
Is Pocket Option Legal in the US?
In this section, we will examine whether Pocket Option is legal in the US. We will analyze Pocket Option’s compliance with US trading regulations and examine any legal issues surrounding the platform.
Pocket Option’s Compliance with US Trading Regulations
Pocket Option is not registered with the SEC or the CFTC, which raises concerns about its compliance with US trading regulations. The platform claims to be based in the Marshall Islands, which is not subject to US trading regulations.
Legal Issues Surrounding Pocket Option
Pocket Option has been accused of violating US trading regulations by offering binary options trading to US residents. Binary options trading is illegal in the US, and any platform offering such trading is breaking the law.