Detailed review: Pocket Option demo account

Pocket Option demo

July 25, 2021

☝️⚠️ Here you will find a complete overview and description of the Pocket Option broker demo account. A detailed breakdown of the broker and a detailed description of how to work with it. ⚡️⚡️

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Pocket Option broker is relatively young, but with very great prospects for the future. The broker itself appeared in 2017, although the Pocket Option broker website has existed since 2015 - all this time was spent on a long work, the results of which many have already tested on themselves.

Pocket Option is an online broker for binary options and Forex trading. Traders have access to over 100 different resources through its web platform, mobile app or MetaTrader 5 software.

Pocket Option can be called one of the best binary brokers providing services in the online trading industry

There are a number of confirmations of this fact:

  •  the confirmed fact that the parent company is registered on the territory of the Marshall Islands;
  • regulated by the CFTC, which guarantees traders the payment of funds from the compensation fund in case of broker's breach of financial obligations;
  • optimal requirements to the initial capital - 50 USD (the smaller amount is not enough to comply with the norms of money management, and management of a higher capital is accompanied by higher emotional stress for beginners, which may negatively affect the results of trading);
  • high payouts at successful realization of the forecast;
  • qualified and efficient technical support service;
  • innovative trading platform with integrated analytical tools and unlimited functionality;
  • fast payment of profits to electronic wallets and bank cards;
  •  permanent and free access to trading in a demo mode.

On the last point we would like to touch upon in detail. Not every reliable broker of binary options is ready to provide all users with an access to the company's software without registration. Today we will talk about what a demo account on Pocket Option is, how it can be used effectively, and about the advantages of trading with virtual money on the platform

General information about the demo account

Despite the impressive profitability and the understandable principle of operation, binary options are a high-risk financial instrument. To prevent you from losing your capital on the first trial trades, some brokers offer to get the initial experience on the Pocket Option demo.

So, Pocket Option free demo is a training account on the broker's real trading terminal with the amount of virtual funds. In fact, on such an account you get access to real quotes and all the functionality of the platform, but the money with which you will make transactions will be virtual. In simple terms, trading on a pocket option demo trading account is different only in that the profits and losses on the trades will be virtual.

The broker's terminal is really multifunctional, which can seem quite complicated for beginners. In fact, the interface is intuitive. The Pocket Option demo account is just for getting acquainted with all the possibilities of the broker, without risking your own funds. It should be remembered that trading with virtual money is not limited in time, so each potential trader has an opportunity to get acquainted with the terminal, as well as to study and test the chosen strategy.

Rules for registering a Pocket Option demo account

When you get to the Pocket Option website you need to click on the button "Free Demo".

Home Page Pocket Option
Home Page Pocket Option

After that a window with three tabs will open: "Continue trading on a demo account", "How to earn..." and "Video instruction". For studying the platform, the beginner should choose the first tab. If the second button is clicked, the system will redirect the visitor to the main page of the site for registration.

Tab to continue trading on a demo account
Tab to continue trading on a demo account

Authorized visitors can also watch video tutorials on the trading platform. Access to them will be opened immediately after registration on the Pocket Option website.

Registration form
Registration form

After registration, you can use your login and password to get into your account. In order to fully understand the conditions of work on the platform, we need a video instruction for beginners. The instructional video is in the "Help" section.

Help section
Help section

 Then you need to select the tab "User's Manuals".

User manuals
User manuals

 Video Tutorials section.

If necessary, you can explore each section in turn. The beginner won't hurt to visit the section "Platform Guide", "Trading strategies" and "Tips and tricks". There is a lot of useful information here about how to trade on the Pocket Option site or use trading signals. As well as analytics, risk-free and pending trades, settings, and more.

Demo Terms and Conditions

Technical and functional demo-account on the platform is a full copy of a real trading account, except for the fact that client trades using virtual money. The list of assets, quotes, trading indicators and signals is absolutely identical. Thus, a demo account is an excellent way to learn, test all kinds of trading strategies and develop your money management skills. Access to a demo account is free and unlimited.

All trades on your demo account are made with virtual money. The list of assets, quotes, trading indicators and signals is fully identical to the one on a real account. The charts and payout percentages are the same as well, so a demo account is ideal for practicing your trading skills.

A demo account is an identical copy of a real account. The only function which is not available on a demo account is social trading, which allows you to copy trades of other traders.

How to deposit your demo account?

Click on the demo balance in the top menu and select the "Deposit" option to add $1,000 to your demo account.

Replenish account option
Replenish account option

Comparison with other online brokers' demo accounts

The main advantage of a Pocket Option demo account, as compared to other accounts, is that a trader does not even need to register to start demo trading. It's enough to go to the "Demo" section, and the potential client opens a trading terminal with a virtual account of $10,000. If the balance decreases, it can be replenished again, without waiting for complete zeroing. To do this, just click "Deposit to Account" and select "Add $1000 Virtual Funds".