How to Choose the Right Broker or Brokerage App

Aside from the banking system, the stock market is arguably the most important financial institution in the United States and yet one of the murkiest systems to wade into. According to information released by the World Bank in 2022, only 23% of the world has either direct or indirect ownership of stock. This is a low number. However, it is rapidly growing thanks to the development of technology.

A major driving force in that increase is the availability of information about investing and digital platforms that present opportunities to people who may be intimidated by “the system.” Pocket Option is one of these important platforms founded with the idea of democratizing trade opportunities.

What Is Pocket Option?

Founded in 2017, Pocket Option is the brainchild of IT and FinTech specialists who wanted to merge their expert knowledge of the financial system with the power of the rapidly expanding digital world. What started with a handful of customers has become a platform with over 10 million registered users (as of 2019 data). This is because not only does Pocket Option provide a strong financial platform, but it is also user-friendly, which helps and guides users who are new to the stock market.

“By the traders and for the traders!” is the motto Pocket Option was founded on, and this is a major reason why they’ve become known as one of the best small investor tools on the market. Firstly, they allow users to start with a demo trial, allowing them to practice navigating the resources available without risking their capital. Second, the barrier to entry is also very low, something that often holds many people back from being able to invest. A live account can be opened for just $50, something that can’t be done with the “big guys” of the trading world.

Pocket Option has a huge range of assets, from very traditional commodities, indices, and stocks to cutting-edge assets like cryptocurrency. This was another goal at the company’s inception: to provide tools for a large scope and not pigeonhole users into certain parts of the market. The project scope was enormous. Still, Pocket Option hasn’t had any problems adjusting to the significant growth it’s experienced since 2017.

There is minute-by-minute market data to provide users with real-time quotes and a huge range of charts, projections, indicators, and alerts so that each user can customize their experience as opposed to other financial services that play a numbers game by putting all their beginner investors into one part of the market. These comprehensive trading tools and resources allow beginners to jump in with confidence, and experienced traders operate with the most up-to-date information available.

Pocket Option has developed its platform into an app consistently rated 4+ stars in the Google Play Store since its inception. Smartphones are ubiquitous these days, and a considerable part of the vision of Pocket Option’s founders was to create a platform that was available to everyone. With your portfolio at your fingertips, you can feel secure in your investments and make quick responses to changing market data. It also provides you with the most accurate picture of your portfolio and an immediate understanding of where you stand as opposed to having to go through your broker at a huge firm that may not even answer your call.

One of the main concerns in today’s expanding digital world is security. This is where the founder’s IT strength comes in, with advanced encryption technology that protects each user’s finances and personal information. If any question arises, not just about finances but about the security of your account or the navigation of the interface, a 24/7 customer support team is available to help you in any way possible.

It’s these kinds of features that prioritize the user that maintain the trust investors have with Pocket Option. Pocket Option is fully licensed out of Costa Rica and regulated by the International Market Relations Regulation Centre (IFMRRC), which provides stability for users in over 95 countries. Pocket Option also has a Know-Your-Customer policy, which is there not only to improve customer relations but also to prevent money laundering and other fraudulent activities that are so common in the anonymity of a digital space.

Pocket Option is one of the leading innovators of digital space for small investors. Thanks to the founders’ expertise and beliefs, it provides users with a vast number of tools and resources for the small investor looking to get started and build their portfolio with as much information and security as possible. You can find information and set up a demo account on their website or find their app on the Google Play Store today.