Pocket Option Social Trading is one of the 3 passive income opportunities for binary options traders. This feature allows traders to instantly copy account manager strategiesbased on thier "Trading statistics", "Social Statistics", and "Achievments".
It also allows beginners to set copy trading parameters, including minimum copy trade amount, stop balance, and copy trade percentage based on their risk tolerance.
What is Pocket Option Social Trading?
Pocket Option Social Trading is a feature that allows traders to copy the strategies of successful traders on the platform automatically. This is particularly useful for beginners or those who want to learn by observing experienced traders.
By following top-performing traders, users can leverage their expertise without conducting their own market analysis. Pocket Option also has various parameters so novice traders can choose the best professional traders based on their risk profile.
Benefits and Drawbacks of Social Trading in Pocket Option
Like any other form of trading, Social Trading on Pocket Option has its advantages and disadvantages:
Advantages | Disadvantages |
Learn from Experienced Traders | Risk of Over-Reliance |
Pass income opportunity | |
Various professional traders to choose from | Doesn’t guarantee trade success |
Ability to change social trading parameters based on your preferences | Additional fees and costs |
Pocket Option Social Trading Step-By-Step Guide
To start social trading on Pocket Option, you need to follow these steps:
- Enter Pocket Option dashboard and choosing the Social Trading tab;
- Choose an account manager and click on it to see their profile;
- Review account manager trading statistics;
- Review account manager social statistics;
- Copy trades of the account manager.
We will cover each step in more detail in the following sections.
#1 Enter Pocket Option Dashboard
On the right side, in the trading section, select the Social Trading option. Here, you’ll find a list of top traders on the platform, along with their profitability and the number of followers they have.
#2 Choose an account manager
You can see the list of top traders of the broker along with their profitability and the number of people who follow them. By clicking on a manager, you can see their the name, status, whether they are currently online, and the number of people who are currently following this trader. If you wish to communicate with this trader, click on the “message” option.
#3 Review Account Manager Trading Statistics
In the Pocket Option social trading Statistics section, you can specify a time range to review the number of trades, the profitability of the trades, and other options.
#4 Review Account Manager social statistics
You can also check the total number of followers, current followers, and rewards they have received during this specific period.
#5 Copy the Trades of the Account Manager
If you intend to select a specific trader for copy trading, click on the “copy” button. Now, customize copy trading based on your preferences. Pocket Option Social trading allows traders to change various parameters, including:
- Copy proportion percentage
- Minimum copy trade amount
- Stop balance
- Maximum copy trade amount
Once you've set your preferences, click the “Confirm” button copy the account manager’s trades in real time.
You can stop copy trading or watching the account managers’ trades any time you want.
Pocket Option Social Trading Fees
Pocket Option charges $0.5 on every trade you copy. You can also choose multiple account managers to copy, which could increase your trading costs significantly. We advise traders to invest small amounts to Pocket Option broker social trading.
TF Expert Suggestion
Pocket Option social trading is an excellent tool for both beginners and experienced traders looking to leverage the expertise of top-performing traders.
However, this isn’t the only passive income method in this broker. You can learn to use Pocket Option robot and signal trading to earn profits effortlessly. In Pocket Option tutorial you will read more about the Pocket Option broker.
