Is Pocket Option safe to use? Answers to common questions
Quite often, traders, before and after depositing funds, have various questions about the Platform as well as the security of their accounts and investments. In this article we will answer all of the above and some other topics that may arise if you have just started using the Platform.
1) Is it necessary to immediately deposit money into the account? Do I have to pay to use the Platform?
No, the Platform itself is free, there are no fees for using it. A demo account is also provided, which a trader can use before depositing real funds. The demo account is used to test the trading instruments of the Platform, as well as for training and education before depositing real funds.
2) Can I withdraw money immediately?
Yes, funds on a real account can be withdrawn from the Platform at any time, including profits. However, to withdraw earnings, you must upload documents for verification. All available payment methods and withdrawal conditions can be found on the withdrawal page.
Note: virtual funds cannot be withdrawn from a demo account.
3) Is it safe to invest on Pocket Option?
Pocket Option is a global brand with millions of registered traders using the Platform every day. The Company values every trader and provides the best trading conditions. It is important to remember that trading itself carries risks and can lead to losses. Therefore, it is crucial to implement strategies and manage risks. Also, you have access to all the necessary tools to protect your account from unauthorized access in the Security section.
4) Can the Сompany block my account?
Like any company, Pocket Option has a set of rules that traders must follow. These rules are described in detail in the public offer agreement. The purpose of these rules is to operate within the framework of international laws and regulations, build a fraud-safe community and guarantee quality service. Consequently, gross violations of the terms or conditions of the offer may lead to the blocking of the offender’s account. However, honest traders who follow the rules should not be concerned that access to the Platform may be suspended.
5) How can I make sure my account is protected?
For security purposes, you can take advantage of the corresponding Platform functions. First of all, make sure you have verified your personal information, including your email address and phone number, and set a strong password for your account. We strongly recommend that you activate and use two-factor account authentication.
6) Is it safe to provide my documents and bank cards for verification?
Yes, it is completely safe. Pocket Option asks for certain documents for verification, this is necessary to confirm the identity or payment method and is absolutely necessary according to the KYC (know your customer) and AML (anti-money laundering) policies. Documents uploaded to the Platform are transmitted and stored in encrypted form. Only specially trained personnel of the Company with appropriate permissions have access to this information. In addition, the Company complies with all provisions of international and national legislation on the storage of personal data.
It’s okay to be concerned about safety: when it comes to money, responsibility is important. We hope this article helped answer some basic questions, and you can feel more confident and safer trading with us.
