6 minute read
How to Trade with Pocket Option in South Africa: A Complete Beginner's Guide
from Pocket Option
If you’re in South Africa and looking for a simple, fast, and accessible way to trade online, Pocket Option is one of the best platforms to consider. This article will guide you step-by-step on how to trade with Pocket Option in South Africa, from creating an account to making your first successful trade.
💥 Trade with Pocket Option now: Open An Account or Visit Brokers👈
What is Pocket Option?
Pocket Option is a binary options trading platform launched in 2017 by Gembell Limited. It offers a fast-paced, easy-to-understand trading method where traders predict whether an asset’s price will rise or fall within a specific timeframe. If the prediction is correct, they earn a profit. If not, they lose the amount they invested in that trade.
Unlike traditional trading platforms, Pocket Option is beginner-friendly, visually modern, and provides a quick way to enter the financial markets with minimal technical knowledge.
Is Pocket Option Legal in South Africa?
Yes, Pocket Option is available and legal for South African traders. Although it’s not regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, the platform is regulated by the International Financial Market Relations Regulation Center (IFMRRC), which is a third-party regulator. While this isn’t the same as a Tier 1 license (like the FCA or CySEC), it still provides a level of transparency and accountability.
Important Note: Always trade responsibly. Binary options involve high risk, and losses can exceed your deposit. Never invest more than you can afford to lose.
How to Create a Pocket Option Account in South Africa
Creating an account is fast and straightforward. Here’s how to get started:
Visit the official Pocket Option website – Go to Open An Account or Visit Brokers 👈
Click on “Sign Up” – You can register using your email address, Google account, or Facebook.
Verify your email – Check your inbox for a verification link and click to activate your account.
Complete your profile – Fill in your personal details, including phone number and identification documents for verification.
Deposit funds – Use one of the accepted payment methods like bank cards, Perfect Money, cryptocurrencies (e.g., Bitcoin), or e-wallets like Neteller or Skrill.
South African users can make deposits and withdrawals in ZAR (South African Rand) or in USD depending on the chosen method.
How to Make Your First Trade on Pocket Option
Once your account is set up and funded, here’s how to make your first trade:
1. Choose the Asset
Select an asset to trade. Pocket Option offers more than 100 instruments including:
Forex (currency pairs like USD/ZAR)
Commodities (Gold, Silver)
Cryptocurrencies (Bitcoin, Ethereum)
Stocks (Apple, Tesla)
Indices (S&P 500, NASDAQ)
2. Set the Timeframe
Pick a trade expiration time. Pocket Option supports short-term trades (from 30 seconds to 5 minutes) and long-term trades (up to several hours).
3. Decide the Amount to Invest
You can start trading with as little as $1. Decide how much you want to risk on the trade. Don’t use your entire balance on one position.
4. Predict the Direction
This is the core of binary options:
Click “Higher” (Green Button) if you believe the price will go up.
Click “Lower” (Red Button) if you think it will fall.
5. Wait for the Result
At the end of the selected timeframe, the result will be shown instantly:
If your prediction is correct, you earn a fixed payout (up to 92% profit).
If it’s incorrect, you lose the invested amount.
💥 Trade with Pocket Option now: Open An Account or Visit Brokers👈
Pocket Option Features That Help South African Traders
1. Demo Account
Before risking real money, practice with the free $10,000 demo account. No registration required, and you can reset the balance anytime. This is ideal for beginners to test strategies and understand the platform.
2. Social Trading
Pocket Option allows you to copy the trades of successful traders automatically. Just turn on the “Social Trading” feature and choose top-performing users to follow.
3. Tournaments and Bonuses
South African users can participate in trading tournaments and earn bonuses, cashback, or even real prizes. This feature adds gamification and motivation to improve your trading skills.
4. Mobile App
You can trade on the go with the Pocket Option app, available for Android and iOS. It has the same functionality as the web version and is optimized for mobile screens.
Strategies to Trade Smarter with Pocket Option in South Africa
1. Use Technical Indicators
Pocket Option offers a wide range of built-in technical indicators like:
RSI (Relative Strength Index)
Bollinger Bands
MACD
Moving Averages
Learn how these indicators work and apply them to identify trends or reversal points before placing a trade.
2. Stick to One Strategy
Don’t jump between methods. Pick a simple strategy like:
Trend Following – Trade in the direction of the market.
Breakout Trading – Trade when price breaks resistance or support.
Reversal Strategy – Use RSI to spot overbought or oversold levels.
3. Risk Management
Never risk more than 1-3% of your total balance on a single trade. Set a daily loss limit and stop trading when you hit it.
4. Keep a Trading Journal
Track all your trades, strategies used, and results. This helps you identify what works and refine your approach.
Pros and Cons of Using Pocket Option in South Africa
Pros:
Easy registration and low deposit minimum ($5)
High payouts (up to 92%)
Free demo account with $10,000
Wide range of assets
Accepts South African traders and payment methods
Mobile and web trading available
Cons:
Binary options are high-risk
Not regulated by FSCA (local authority)
Fast trades can lead to emotional decisions
Is Pocket Option a Scam?
No, Pocket Option is not a scam. It has a global user base, secure SSL encryption, fast withdrawals, and transparent terms. However, remember that binary options are inherently risky, and profits are not guaranteed.
To avoid scams, always:
Use the official website or app
Avoid fake “signal sellers” or “account managers”
Never give out your login info
How to Withdraw Money from Pocket Option in South Africa
Withdrawals are simple, but you must verify your account first (upload ID and proof of address). Here’s how it works:
Log into your Pocket Option account.
Click on “Finance” > “Withdrawals.”
Select your preferred method: bank card, crypto wallet, or e-wallet.
Enter the amount and confirm.
Withdrawal times vary depending on the method. Crypto and e-wallets are the fastest (within 24 hours), while bank cards can take up to 5 business days.
Tips for South African Traders Using Pocket Option
Start with the demo account. Don’t rush into live trading.
Stay updated with local news. Events in South Africa (like elections or interest rate changes) can affect ZAR-related trades.
Use USD for deposits if possible. Some payment methods may convert ZAR to USD automatically.
Join the Pocket Option Telegram or Discord community to learn from other traders.
Final Thoughts
Trading with Pocket Option in South Africa is simple, accessible, and potentially profitable — but only if approached with discipline and education. This platform is ideal for beginners due to its ease of use, demo account, and low deposit requirement.
However, binary options trading is not a guaranteed way to make money. It requires risk management, emotional control, and ongoing learning. Start slow, keep practicing, and never invest money you can’t afford to lose.
💥 Trade with Pocket Option now: Open An Account or Visit Brokers👈
Read more:
