Pocket Option is a member of the Gembell Limited Holding firm and has IFMRRC accreditation, which ensures quality and access to the OTC market. It was formed in 2017 by a group of skilled IT and FinTech professionals who wanted to show that individuals don’t have to make sacrifices to earn money on the financial markets – that trading should be more accessible, simple, and enjoyable. Learn more about the broker in this Pocket Option in UAE review.
Pocket Option is a popular online trading platform in the United Arab Emirates, particularly in Dubai. It offers a wide range of options for people interested in trading, including binary options and digital trading. With a user-friendly interface, Pocket Option makes it easy for both beginners and experienced traders to navigate and make investments. This platform is well-regarded for its convenience, as people can trade from anywhere in Dubai or the UAE, right from their pockets. It’s an innovative solution for those looking to diversify their investment portfolio and engage in global financial markets.
- Regulation: IFMRRC
- Minimum deposit: $50
- Minimum Trade: $1
- Bonus: 50%
- Payouts: 128% Max
- Trade Types: High/Low, Turbo
- Number of Assets: 100+
- Trade Platform: Web, Windows, iOS, Android
- Social Trading: Yes
- Demo Account: Yes
- US and UK Traders: Accepted
Pocket Option Account Types
Pocket Option offers several different account types to accommodate the varying needs and preferences of traders. Here are the different types of accounts:
- Demo Account: This account type is perfect for beginners or those who want to practice their trading strategies without risking real money. It provides virtual funds for trading practice.
- Standard Account: Traders can start with a minimum deposit of $50 and leverage of 1:1000 and have access to all the basic features and services offered by Pocket Option. Traders can trade forex, cryptocurrency, metals, and indices in this account type.
- VIP Account: VIP account holders enjoy several benefits such as faster withdrawals, VIP support, and exclusive trading opportunities. This account type requires a minimum deposit of $1000 and a leverage of 1:1000.
Each account type has its unique features and advantages, so traders can choose the one that best suits their trading style and financial goals.
Traders can choose from a vast range of tradeable assets from Pocket Option. These assets include:
- Forex: This is one of the most popular tradeable assets on Pocket Option. It allows traders to speculate on the price movements of various currency pairs such as EUR/USD, GBP/USD, USD/JPY, etc.
- Commodities: Traders can also invest in various commodities like gold, silver, oil, natural gas, etc. These assets are often influenced by economic events and market demand, thus providing numerous trading opportunities.
- Stocks: Pocket Option allows traders in the UAE to invest in a wide range of stocks from leading global companies. This includes tech giants like Apple, Google, and Facebook, automotive companies like Tesla and Ford, and other industry leaders.
- Indices: These are a collection of stocks that represent a particular market or a section of it. By trading indices, investors can profit from the overall performance of a group of stocks instead of focusing on individual companies. Examples include Dow Jones, S&P 500, NASDAQ, etc.
- Cryptocurrencies: With the growing popularity of digital currencies, Pocket Option offers traders the opportunity to trade popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin, etc.
- ETFs: Exchange-traded funds (ETFs) are also available on Pocket Option. They are investment funds that are traded on stock exchanges, similar to individual stocks. They can track a variety of assets such as stocks, commodities, bonds, or a mix of these.
Please note that while trading these assets can be profitable, it also comes with significant risks. Therefore, it’s essential to do thorough research and consider seeking advice from financial professionals before starting your trading journey.
Pocket Option Web Platform
Pocket Option provides a user-friendly and contemporary trading platform, suitable for novice traders. The platform equips traders with a plethora of technical analysis tools to help them dissect charts, spot patterns, and make educated trading choices. It also comes with an array of customizable features for traders to tailor their trading experience as per their preferences.
- User-Friendly Interface: Pocket Option’s web platform has a simple and user-friendly interface that is easy to navigate, making trading accessible for both novice and experienced traders.
- Advanced Charting Tools: The platform provides advanced charting tools that allow traders to analyze market trends and make informed decisions.
- Demo Account: Pocket Option web platform offers a demo account feature, enabling new users to practice trading strategies without risking real money.
- High Returns: The platform boasts of high returns on investments, with potential profits reaching up to 96%.
- Secure Trading: Pocket Option uses advanced security measures to ensure that users’ funds and data are safe.
- Mobile Compatibility: The web platform is compatible with mobile devices, allowing users to trade on the go.
- Social Trading Feature: This feature allows users to follow and copy the trades of successful traders, a great tool for beginners.
- Risk Management Tools: The platform offers several risk management tools, such as stop-loss and take-profit orders, to help users protect their investments.
- Real-time Updates: Pocket Option web platform provides real-time updates on market trends and price movements.
- Bonus and Promotions: The platform regularly offers bonuses and promotions to reward its users.
Pocket Option offers traders the convenience of mobile trading through its mobile app. The app is available for both Android and iOS devices, allowing traders to trade on the go. The app provides traders with access to their accounts, portfolio information, and trading tools, making it easy for them to monitor the markets and make informed trading decisions.
Deposit and Withdrawal Options
Pocket Option is a popular binary options broker that offers a wide range of financial trading options to its users. For those located in the United Arab Emirates and specifically in Dubai, there are several deposit and withdrawal options available to facilitate smooth transactions.
- Credit/Debit Cards: Pocket Option accepts all major credit and debit cards including Visa, Mastercard, and Maestro. This is one of the fastest and easiest methods to make a deposit or withdrawal.
- E-Wallets: Pocket Option also supports a wide range of e-wallets which tend to offer quicker and more convenient transactions. These include options such as Skrill, Neteller, WebMoney, and Yandex Money.
- Cryptocurrencies: For those interested in using cryptocurrencies, Pocket Option supports Bitcoin, Litecoin, Ethereum, and many other cryptocurrencies for both deposits and withdrawals.
- Bank Wire Transfer: For larger transactions, Pocket Option supports traditional bank wire transfers. This method usually takes longer than the others, but it can be useful for those wishing to deposit or withdraw larger amounts.
- Other Local Payment Methods: Depending on your location, Pocket Option may also support local payment methods. For example, in the UAE, options like CashU, FasaPay, and Perfect Money might be available.
It’s important to note that while Pocket Option doesn’t charge any fees for deposits or withdrawals, there may be fees charged by your bank or e-wallet provider. Always check the terms and conditions before making a transaction.
Also, the time it takes for a deposit or withdrawal to be processed can vary depending on the method used. Credit and debit card transactions, along with e-wallet transactions, are usually processed instantly, while bank wire transfers and cryptocurrencies can take a bit longer.
Lastly, always ensure that you comply with all local laws and regulations regarding online trading and financial transactions. In some countries, certain methods of deposit and withdrawal may not be available due to local laws.
Sign up and Get a Bonus!
Every new client is eligible for a 50% bonus upon registering an account. To avail of this, one simply needs to set up an account, complete the verification process, and make a deposit of $50. Subsequently, the 50% bonus can be claimed. However, this bonus is exclusive to new customers. Regular customers can utilize other bonuses like discount codes or deposit bonuses.
It’s important to note that no deposit bonus or Welcome bonus is chiefly provided for informational purposes. This allows the trader to get acquainted with the trading platform and its conditions before investing their own funds, thereby helping them make an informed decision about future cooperation with the company.
Pocket Option in UAE/Dubai – Pros and Cons
- User-friendly interface: Accessible via desktop and mobile applications.
- Wide range of assets: Includes forex, cryptocurrencies, commodities, and stocks.
- High Return Rates: Offers 96% return rates, often above the industry average.
- Free Demo Account: Provides a platform for beginners to practice strategies.
- 24/7 Customer Support: Offers round-the-clock support for traders.
- Regulatory Uncertainty: Lack of oversight poses a risk to traders.
- High Risk: Risk can lead to complete investment loss.
- Limited Educational Resources: Offers limited resources, disadvantageous for novice traders.
- Absence of MetaTrader: Does not support MetaTrader, a popular trading platform.
Pocket Option provides full customer support, with a dedicated team available 24/7. The support crew is prompt and friendly, with a qualified team available to assist with any trading concerns. The platform also provides many help methods, such as live chat, email, and phone assistance.
Is Pocket Option Halal in UAE?
Pocket Option is considered Halal in the UAE as it complies with the principles of Islamic finance. This means that it does not engage in any form of interest-based trading, speculative transactions, or gambling activities, which are prohibited under Sharia law. The platform offers an Islamic account, also known as a swap-free account, specifically designed for Muslim traders who want to trade according to their religious beliefs. However, it is always recommended to consult with a knowledgeable Islamic scholar or a reliable fatwa center for personalized advice and guidance.
Is Pocket Option Legal in Dubai?
Pocket Option is a binary options broker that operates globally, and yes, it is legal to trade using Pocket Option in Dubai. Dubai, being the hub of financial services in the Middle East, allows its residents to invest and trade in binary options. However, while it is legal, traders must do their due diligence and trade responsibly. It’s also essential to note that while Pocket Option is accessible in Dubai, the platform is not regulated by the local financial regulatory body – the Dubai Financial Services Authority (DFSA).
Pocket Option Review UAE – Conclusion
Pocket Option UAE is indeed a viable and convenient trading platform for individuals in the country. It offers a user-friendly interface, a variety of options for investments, and allows for quick and easy transactions. Therefore, whether you are an experienced trader or a beginner, Pocket Option Dubai provides a suitable and efficient platform for trading in UAE/Dubai.