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Forex

Unbiased review of Pocket Option broker

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pocket option trading

Pocket Option is next, offering its clients more than 100 trading instruments, including the notorious binary options.

A brief history of the broker and awards

Pocket Option was founded relatively recently – in 2016. The main office is based in Cyprus. Pocket Option strategy is to provide customers with a modern trading platform on which any trader can make money through their skills.

Despite its small age, the broker has gained huge popularity. This is due to the active brand promotion on social networks and promotional videos on YouTube from top bloggers. The company is a promising young broker. Pocket Option app is available to users.

What services it offers

The list of services is taken from the official website:

  • Demo account and real account.
  • Training for novice traders.
  • Modern trading platform.
  • More than 100 assets for Pocket Option trading including БО.
  • OTC-platform (OTC transactions).
  • Automated following of other traders.
  • Tournaments for Pocket Option trading.
  • Bonus system.
  • Round the clock technical support.
  • Instruments for trading and investing.

Pocket Option trading – work with broker

To start trading, you have to create an account. You will get access to a personal account, where you can make transactions with options and other instruments.

Registration on the official site

The registration procedure is very simple. You need to fill out a small form, provide a correct email address and confirm it. Facebook users can register by simply allowing their profile details to be sent to the company’s website.

Instructions for account opening

To start trading on a real Pocket Option account, it is required to fulfill 2 conditions of the broker:

  • pass verification;
  • To replenish the balance for the minimum amount.

The verification process means the transfer of personal passport data to the broker. Hardly anybody will check their authenticity, but then the administration may deny the withdrawal of funds from the account, if the data was provided incorrectly.

Pocket Option demo

Pocket Option demo is available right after registration. You can trade on it at any time of the day or night and have unlimited virtual balances. Market liquidity is provided by bots, so virtual accounts may be used for practicing any trading strategies.

Depositing of the account and withdrawal of funds

You can deposit your account by one of 20 methods without any commission. The minimum amount on the Pocket Option is $50. When depositing the account, you need to determine whether you will participate in the bonus program or not. You can withdraw the money using the same methods that you deposited. The minimum amount for withdrawal is $30. Applications for withdrawal are processed manually, the time of receipt of money to the client – from 10 minutes to 3 days, depending on the load of the service.

Here you can also open a short position on the Facebook stock chart. Just a year ago, the company peaked, valued at more than $870 billion, but it has been steadily going down ever since, with Mark losing billions of dollars in pursuit of his meta-universe idea, while his flagship social networks, Facebook and Instagram, are facing growing difficulties. In less than a year, the company has lost $400 billion. Facebook in particular is having its worst time, with audience growth replaced by decline. But you can make money on this on the Pocket Option platform. 

Technical support

Technical support is available 24 hours a day. Clients can order a free phone call, send an email with a question, or communicate with an expert in the online chat.

If you are interested in binary options, we recommend Pocket Option.

Forex

Dollar bounces after sharp loss; euro retreats on Lagarde comment

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Investing.com – The US dollar edged higher Monday, rebounding after the sharp losses at the end of last week on signs of cooling inflationary pressures, while the euro slipped following dovish comments from ECB head Christine Lagarde.

At 05:00 ET (10:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.4% higher to 107.750, after falling sharply from a two-year high on Friday.

Dollar bounces after sharp retreat

The dollar bounced Monday after falling sharply on Friday as the Federal Reserve’s preferred showed moderate monthly rises in prices, with a measure of underlying inflation posting its smallest gain in six months. 

That eased some concerns about how much the may cut in 2025, which had risen following the hawkish US rate outlook after the last Fed policy meeting of the year.

That said, traders are pricing in 38 basis points of rate cuts next year, shy of the two 25 bp rate cuts the Fed projected last week, with the market pushing the first easing of 2025 out to June, with a cut in March priced at around 53%.

Trading volumes are likely to thin out as the year-end approaches, with this trading week shortened by the festive period.

Eurozone “very close” to ECB inflation goal

In Europe, fell 0.1% to 1.0414, near a two-year low it touched in November, down 5.5% this year, after European Central Bank President said the eurozone was getting “very close” to reaching the central bank’s medium-term inflation goal.

“We’re getting very close to that stage when we can declare that we have sustainably brought inflation to our medium-term 2%,” Lagarde said in an interview published by the Financial Times on Monday.

Earlier in December, Lagarde had said the central bank would cut interest rates further if inflation continued to ease towards its 2% target, as curbing growth was no longer necessary.

The lowered its key rate last week for the fourth time this year, and is likely to cut interest rates further in 2025 if inflation worries fade.

traded largely flat at 1.2571, after data showed that Britain’s economy failed to grow in the third quarter, adding to the signs of an economic slowdown.

The Office for National Statistics lowered its estimate for the change in output to 0.0% in the July-to-September period from a previous estimate of 0.1% growth.

The ONS also cut its estimate for growth in the second quarter to 0.4% from a previous 0.5%.

policymakers voted 6-3 to keep interest rates on hold last week, a bigger split than expected, amid worries over a slowing economy.

Yuan hits one-year high

In Asia, rose 0.2% to 156.72, after rising as far as 158 last week following dovish signals from the .

The BOJ signaled that it was not considering interest rate hikes in the near-term despite a recent pick-up in inflation, and could raise rates by as late as March 2025.

edged 0.2% higher to 7.3080, hitting a one-year high as traders continued to fret over China’s economic outlook. While Beijing is expected to ramp up fiscal spending in the coming year to support the economy, looser monetary conditions are expected to undermine the yuan.

 

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Asia FX muted, dollar slips from 2-yr high on soft inflation data

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Investing.com– Most Asian currencies moved little on Monday, while the dollar steadied from a tumble from over two-year highs after soft U.S. inflation data spurred some hopes that interest rates will still fall in 2025. 

Asian currencies were nursing steep losses against the dollar from last week, although they trimmed some declines on Friday after the soft inflation data. The outlook for regional markets also remains clouded by uncertainty over U.S. interest rates and policy under incoming President Donald Trump. 

Dollar slips from 2-yr high as PCE data misses expectations 

The and both steadied on Monday after clocking sharp losses on Friday.

The greenback slid from an over two-year peak after data- the Federal Reserve’s preferred inflation gauge- read softer-than-expected on Friday. 

Still, the reading remained above the Fed’s 2% annual target, keeping uncertainty over interest rates in play.

The Fed had cut interest rates by 25 basis points last week, but flagged a slower pace of interest rate cuts in the coming year, citing concerns over sticky inflation and resilience in the labor market. 

The Fed is expected to cut rates twice in 2025, although the path of rates still remains uncertain.

Markets took some relief from the government avoiding a shutdown after lawmakers approved an eleventh-hour spending bill.

Asia FX pressured by rate uncertainty 

Despite clocking some gains on Friday, most Asian currencies were still trading lower for December, as the outlook for interest rates remained uncertain.

The Japanese yen’s pair rose 0.1% to around 156.59 yen, after rising as far as 158 yen last week following dovish signals from the Bank of Japan.

The BOJ signaled that it was not considering interest rate hikes in the near-term despite a recent pick-up in inflation, and could raise rates by as late as March 2025. 

The Chinese yuan’s pair rose 0.1%, hitting a one-year high as traders continued to fret over China’s economic outlook. While Beijing is expected to ramp up fiscal spending in the coming year to support the economy, looser monetary conditions are expected to undermine the yuan. 

The Singapore dollar’s pair was flat ahead of inflation data due later in the day, while the South Korea’s won’s pair rose 0.3%.

The Australian dollar’s pair rose slightly after sinking to a two-year low last week. 

The Indian rupee’s pair steadied after hitting a record high of over 85 rupees last week.

 

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Dollar to weaken less than expected next year: UBS

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Investing.com — The dollar recently notched fresh year-to-date highs against its rivals and is likely to remain strong after the Federal Reserve leaned more hawkish at its recent December meeting, analysts from UBS said in a recent note.

“While we still expect the dollar to fall, we now see less weakness in 2025 given these factors and adjust our forecasts slightly,” analysts from UBS said in a recent note.

The less bearish view on the USD comes in the wake of the greenback making fresh year-to-date highs in key exchange rates and the expectations for fewer U.S. rate cuts. 

“The USD has been driven lately by prospects of fewer Fed rate cuts and tariff risks,” the analysts said.

The euro has been particularly affected by dollar strength, but is expected to trade around $1.05 against the greenback in the first half of 2025, the analysts forecast. 

But a significant drop toward parity for the can’t be ruled out, “due to real tariff threats or further divergence in the macro backdrop between the US and Europe,” the analysts added.

Still, any move toward parity should be short-lived, the analysts said, amid expectations for the economic backdrop in Europe to improve in the second half of the year, narrowing the divergence between Europe and U.S. yields. 

“The trajectory back into the middle of the trading range or higher, 1.08 to 1.10, comes with the view that two-year yield differentials will still narrow to some degree and better macro data out of Europe provide some underlying support for EURUSD in 2H25,” the analysts said.

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