Pocket Option demo account: How to use it – Trading tutorial
Table of Contents
The Pocket Option trading platform is a very young trading network that helps people worldwide earn through the stock market. The platform’s founding year is 2017, and its user base is growing.
Stock market trading is a reliable alternate income source for many people. Some traders trade full-time on trading platforms. With increased financial knowledge and passion, the present population trades more than previous generations.
There are many trading platform options in the binary options market. Pocket Option has become a leading trading platform in very few years. The trading platform has validation from the IFMRRC and promotes safe trading practices.
The Pocket Option platform is a high-quality, efficient trading platform that helps beginners learn the tricks of the trade. The platform provides access to nearly 100 trading resources for variety in trading.
Whether you are a novice or an experienced trader, you can easily experiment with your trading strategy on Pocket Option. However, before operating on the platform with a real account, a trader should always go for a demo account.
When a trader signs up on the Pocket Option platform, by default, it offers a demo account for traders to practice trade strategies. The platform is available in its web version and its mobile app version.
In this article, the discussion focuses on the ways to use a Pocket Option demo account and trading through it. The article talks about the demo account and its features. It helps a trader grasp trading practices on the platform.
If you plan to open a Pocket Option demo account, the article is a must-read. It is always better to enter a trading platform with all the information available.
Trading reaps regular rewards if you follow the rules, regulations, and strategies. A legal trading platform like Pocket Option is a good way to start trading. Once you get the hang of it, you can go on to earn through trading.
The bottom line of Pocket Option is it’s easy to use and beginner-friendly. When you sign up on the platform, a single click deposits $10,000 in your demo account. With this virtual cash, you experience the thrill of trading without risks.
What is the demo account?
The Pocket Option demo account is a good way to start trading on a platform. Pocket Option differs from other similar platforms that do not offer demo accounts with virtual money. The platform is flexible in the way it lets people trade.
The Pocket Option demo account helps you grip the practices and strategies of the platform. The rules and regulations of a trading platform differ from one to another.
For trading on the Pocket Option platform to its full potential, a user needs the use of a Pocket Option demo account. Whether you enter as a beginner or an experienced trader, you need to use the Pocket Option demo account first.
By using the Pocket Option demo account, you determine whether you want to continue trading or not. The demo account minimizes the chances of loss in your first days on the platform. Through this, you earn the experience of trading without committing any monetary resource on the platform.
How to open the demo account?
Now that we know the use of a Pocket Option demo account, let us proceed towards its opening. The opening process of a Pocket Option demo account is very easy to follow through. Anyone can trade on Pocket Option with a demo account.
At first, the trader opens the trading website of Pocket Option. Once you reach the site, you click on the Start in One-click button. This opens up the portal to set up your demo account.
The click opens up a floating window that asks you to choose further. You choose the Continue Demo trading option to create a demo account. Once you choose the option, your demo account opens up.
The demo account comes with $10,000 in virtual cash. Virtual cash is easy to use for trading when you are ready. When you are ready to start trading, you go through with registrations.
You have to follow up with account profile information and monetary deposits if you go on for real trading. However, the demo account has a top-up option with virtual cash. The top-ups help you trade virtually for a longer period of time.
To get top-ups, you have to go to the demo account and click on the top-up option. The platform allows you to choose the amount of top-up you need in the account.
The demo account creation can also go on with Google or Facebook details. There is an option to switch to a real trading account from the demo account. The ease of use is a definite advantage for Pocket Option traders.
Getting into the account after registration is easy. You use the log-in ID and password to get into the account and trade at any time. The demo account is the complete copy of the real trading account.
The traders using the demo account learn and experience through tutorials and videos. Access to these tutorials comes with a sign-up on Pocket Option.
How to use the demo account?
The Pocket Option Demo account is easy to use and has an interactive interface. The user logs into the account with his ID and password at any time. After logging in, the trader can see all the trades open for the account.
Since the demo account is a copy of the real account, the user takes real-like actions on the profile. The trader can see his virtual cash balance at any time via the dashboard.
A trader uses the demo account to establish a strong foothold in the trading circle. The trader becomes familiar with the binary options stocks and graphs. In short, the demo account prepares the user for real-life trading decisions via the interface.
Advantages of the Pocket Option demo account
There are multiple benefits of the Pocket Option. For example, the demo account allows beginners to learn and experience trading. It is the best option for trade beginners who do not wish to take up risks.
Another advantage of a demo account is knowing all the features of the Pocket Option platform. Every platform differs in features and rules. The use of a demo account helps acquaint with the features so that a person uses them to the maximum in the real account.
The demo account also helps in knowing the rules in detail so that a trader does not overrule them when trading. A trader trades safely and profitably in the real account.
Trade analysis and fundamental analysis of the trade trends is a tricky subject. It takes a lot of time to learn analytical skills and observational skills. With the demo account, the trader gets the hang of analytical practices.
The trader easily views his virtual trade history and outcomes to analyze his strategy. Therefore, the platform helps in better trading strategies with the help of a demo account.
Even for an expert trader, the use of a demo account helps in refining trade practices and strategies. For a trader who wants to expand his portfolio across different platforms, the Pocket Option demo account is a good choice.
Now that we know the use and advantage of Pocket Option demo account let us go into the broader features of the platform.
The next section discusses the features of the Pocket Option platform and how a trader uses them to his advantage.
Features
The Pocket Option platform is a multifaceted and multifunctional platform that welcomes both beginners and expert traders. The interface of Pocket Option is very intuitive and fluid for trader activity.
The Pocket Option platform is a trustworthy platform because traders can track its background. The platform is a registered, legitimate company that supports trading.
The platform falls under the rules of CFTC, which minimizes the scope of fraudulent behavior. The CFTC guidelines ensure that the users get their payments on time.
The optimal trading investment for every cycle on Pocket Option is 50 USD on the minimum. This is the right amount to invest as it is perfect for beginners as well as expert traders. The amount is perfect for money management and does not cause any emotional stress for beginners.
The trading system also offers trade forecasts that support high payouts from the trading cycles. The forecast is highly accurate and relevant to traders on the platform.
The technical support system of Pocket Option is also robust. The trading cycles have a lot of technicalities that a trader alone cannot handle. He needs the services of good technical support and a customer service team.
The Pocket Option platform has a good technical support team that resolves technical glitches in the trading platform. The online trading platform is adaptable to use online without any hassle or slowing down. The platform is as dynamic and fast-paced as the stock market itself.
The Pocket Option platform offers video tutorials and infographics as help for novices. The video tutorials are interactive and highly educational for people. The tutorials are very important for training beginners.
The use of these tutorials simplifies the whole process of trading for beginners. The beginners easily learn the intricacies of trading for better outputs in the future.
Other than tutorials, the Pocket Option platform also comes with many risk management and analytical tools. These analytical tools help traders trade smartly with the help of technology. The high number of tools indicates that the platform has unlimited functionality that traders can use.
The tools help traders in trade analysis and interpretation. The trader takes an informed approach to trades so that the output maximizes profits for the user.
On the other hand, the Pocket Option platform integrates with a number of payment gateways. It offers ease of payments and transactions with multiple allied payment outlets.
The platform supports transactions via electronic wallets and bank cards. Therefore, whether you prefer to deal with traditional or unconventional payment methods, the Pocket Option platform is always an option.
The traders do not have to worry about the payments as the payments happen through secured gateways. The multi-payment gateway helps a wide range of traders operate regularly on Pocket Option.
Another advantage of Pocket Option that is a salient feature for it is the unlimited access of demo account for practice. The user gets access to his demo account for free on a permanent basis.
The free demo account without an expiry date is a great initiative for beginners. The beginners get free, permanent access to Pocket Option’s efficient trading software and features.
Even if the user does not switch to a real trading account, the trader can easily use the account for practice.
The Pocket Option platform operates across nearly 100 countries. This indicates that the platform is a legitimate and trustworthy platform. The countries present on Pocket Option are all important nations like UK, India, and USA.
The platform supports multiple languages and allows traders to interact with the platform in the language they choose. The trading platform is a truly global platform supporting an extensive trader community.
The Pocket Option platform offers multiple trading options to the trader. The trader can choose from the options. The trader easily chooses his asset of investment from the 100 item range on offer.
The trader also profits from the discounts on investments. The trader avails a 50 percent discount on his first investment in real money. The reset to a real trading account is also a simple switch process.
The process of investment for deposits and withdrawals is very easy and hassle-free. A person easily invests and withdraws money from his account. The trade process is very simple and fast to the traders’ advantage.
One of the best features that the Pocket Option offers is through its demo account. The demo account is a single-click setup that starts without a complete registration.
A unique feature of the Pocket Option platform is support for social trading. Social trading allows traders to interact with their peers’ profiles and copy their trading practices. Moreover, the Pocket Option platform also offers the option to participate in tournaments and achievements.
While there is an obvious drawback that the platform allows only a single account to each registered user, the account does not have any hidden fees for the transactions. The trader does not pay anything extra for operating on the platform,
The platform has a web version and a mobile version. Thus, a person can access the platform from anywhere on his phone. Using and tracking the trading platform regularly is easy.
Conclusion
The Pocket Option platform is a very good one to start with. Even if you are an experienced trade professional or an amateur who wants to learn to trade, the platform is great to use. With multi-language support and an intuitive interface, the Pocket Option platform is a complete solution for binary options trading.
The Pocket Option platform’s strongest point is its permanent and free to access demo account. The demo account enhances the analytical and learning experience on the platform. You can tap into the demo account at any time to test new trading strategies.
The Pocket Option platform is a great binary options trading platform that helps traders earn regularly. The Pocket Option platform offers a diverse range of assets to choose from and experiment with. The demo account from this platform is the right way to start your trading journey.
FAQ – The most asked questions about Pocket Option demo account :
Is it safe to do trading on the Pocket Option platform?
The Pocket Option platform adheres to the regulations of IFMRRC. The trading operations on the platform are completely legitimate and safe. Moreover, the payment gateways of Pocket Option are highly secure and fast.
A trader can trust the platform like thousands of traders linked with the platform. The Pocket Option platform promotes safe trading practices and transactions. The platform safeguards the cyber security of traders with strict guidelines.
Do I have to pay for the demo account on Pocket Option?
No, the demo account on Pocket Option is completely free. Moreover, a registered user gets permanent access to the demo account with a single click.
The demo account comes with virtual cash worth $10,000. The cash is enough to give a new trader a jumpstart. The demo account is switchable with a real money account. There are no hidden fees linked with the demo account. It is easy to operate.
Why should I use Pocket Option over other trading platforms?
There are many reasons to choose Pocket Option as the choice trading platform over others. For example, free and permanent access to the demo account for practice is a leading reason. The absence of hidden charges and the availability of an array of analytical tools on the platform is also a reason for the same.
Another reason for choosing Pocket Option is its credibility. Any financial and trading platform banks on its credibility. The Pocket Option platform is operational in 95 countries and has an extensive user base. A potential user can join the platform after his own research.
How much safety is provided when trading on the Pocket Option platform?
Since the Pocket Option platform is regulated by IFMRRC. The broker is considered completely genuine and safe to trade with. Other than that, the payment gateways are completely safe and secure.
The platform promotes and practices safe trading options and methods. Along with it, the platform also safeguards and protects the cyber security of each trader associated with the platform.
Is the demo account on Pocket Option free, or do you need to pay?
Fortunately enough, the demo account that is offered by this platform is absolutely free. You don’t need to pay anything for it if you are a registered trader, and you will have permanent access to the demo account.
Since the platform comes with virtual cash of $10000. The amount is enough to begin your trading journey
What are the reasons to use Pocket Option over other trading platforms?
There are a plethora of reasons for a trader to choose the pocket option as a trading platform over any other broker to trade. For instance, the traders have access to free demo accounts for practice and learning. Other than that, there are no hidden charges that are charged along with the availability of various analytical tools; all of these factors make it one of the most recommended platforms to trade.
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Last Updated on January 27, 2023 by Arkady Müller
