In the not-so-distant past, the minimum deposit threshold for a majority of countries on Pocket Option stood at $50. At the time, this was regarded as a highly competitive offer when compared to other trading platforms in the market. However, the company has taken a progressive step by lowering the minimum deposit to as little as $5, contingent upon the selected payment method.
It is important to note that some payment instruments have a minimum deposit slightly higher. For example, 10-20$.
This article aims to shed light on the minimum deposit criteria for Nigerian users, taking into account the chosen payment system. Furthermore, we will concisely discuss the accessible funding methods and delve into the optimal initial deposit amount, considering the exclusive promotional offers extended by the broker.
Minimum Deposit Pocket Option Criteria
The minimum deposit in Pocket Option is contingent upon the user’s selected payment system. The table below outlines the minimum deposit requirements for various payment methods available to Nigerian traders:
Payment Method | Minimum payment |
---|---|
Bank Transfer (NGN) | $5 |
Cryptocurrency | $5* |
Visa/Mastercard (NGN) | $5 |
Neteller | $5 |
Perfect Money | $5 |
WebMoney | $5 |
Skrill | $5 |
Due to the popularity of cryptocurrencies as a means of payment, the question arises which cryptocurrencies Pocket Option accepts and with what minimum payment. The table below shows the current data as of 25.03.2024.
Method | Payment amount |
---|---|
Tether (USDT) TRC-20 | Min $10 |
Tether (USDT) BEP20 | Min $20 |
Binance Pay | Min $5 |
Tether (USDT) | Min $10 |
Tether (USDT) Optimism | Min $10 |
Tether (USDT) Avalanche | Min $10 |
Tether (USDT) Solana | Min $10 |
Tether (USDT) Polygon | Min $10 |
Tether (USDT) Arbitrum One | Min $10 |
Tron (TRX) | Min $10 |
Litecoin (LTC) | Min $5 |
Bitcoin (BTC) | Min $5 |
Cardano (ADA) | Min $50 |
Dogecoin (DOGE) | Min $50 |
Dai (DAI) | Min $50 |
Binance Coin (BNBBSC) | Min $20 |
Zcash (ZEC) | Min $110 |
Ethereum (ETH) ERC-20 | Min $20 |
Tether (USDT) ERC-20 | Min $20 |
USD Coin (USDC) TRC-20 | Min $10 |
Cosmos (ATOM) | Min $50 |
ApeCoin (APE) | Min $50 |
Uniswap (UNI) | Min $50 |
Polkadot (DOT) | Min $50 |
Cronos (CRO) | Min $50 |
Shiba Inu (SHIB) | Min $40 |
Bitcoin Cash (BCH) | Min $10 |
USD Coin (USDC) BEP20 | Min $20 |
Ripple (XRP) | Min $30 |
USD Coin (USDC) ERC-20 | Min $20 |
Algorand (ALGO) | Min $50 |
Stellar (XLM) | Min $10 |
Ethereum Classic (ETC) | Min $10 |
Chainlink (LINK) | Min $50 |
Avalanche (AVAX) | Min $50 |
Toncoin (TON) | Min $50 |
Polygon (MATIC) | Min $50 |
Step-by-Step Guide to Funding Your Account
- Access your Pocket Option account and navigate to the “Deposit” section.
- Select your preferred payment method from the available options.
- Input the desired deposit amount, ensuring it aligns with the minimum requirement for the chosen payment method.
- Adhere to the on-screen instructions to finalize the transaction.
- Once the transaction is successfully processed, the funds will reflect in your Pocket Option account balance.
Promotional Offers and Minimum Deposit
Pocket Option periodically extends special promotional offers to both new and existing users. To capitalize on these offers, it is crucial to consider the minimum deposit requirements. Certain promotions may necessitate a higher minimum deposit than the standard $5. It is advisable to thoroughly review the terms and conditions associated with any promotional offer before proceeding with a deposit.
Sign up by clicking on this banner and then a special code will be applied to you. Deposit $50 into your account and get 50% to it. Yes, $50 is more than the minimum deposit of $5. But you will immediately get a noticeable advantage, more opportunities for active trading. This is an actual offer for new users.
Potential Hurdles When Funding Your Account
Despite Pocket Option’s efforts to ensure a seamless account funding experience, users may occasionally encounter challenges. Some common issues include:
- Restrictions on payment methods: Certain payment methods may not be available in specific regions or may have higher minimum deposit requirements.
- Delays in transaction processing: Depending on the selected payment method, transactions may require additional time for processing, particularly in the case of bank transfers.
- Verification requirements: Some payment methods may necessitate additional verification steps, such as submitting proof of identity or address.
- If you encounter any difficulties while funding your account, it is recommended to seek assistance from Pocket Option’s customer support team.
Pocket Option presents Nigerian traders with a competitive minimum deposit requirement of $5 for most payment methods. By offering a diverse range of account funding options and a low minimum deposit, the platform aims to make online trading more accessible to a wider audience. When making your initial deposit, it is advisable to explore any available promotional offers to optimize your trading potential.
How long does it take for deposited funds to reflect in my account?
The processing time for deposited funds varies based on the payment method used. Some methods, such as cryptocurrencies, may be instantaneous, while others, like bank transfers, may require several business days.
Are there any fees associated with depositing funds?
PO does not impose any fees for depositing funds. However, some payment methods may incur fees from the payment service provider.
What should I do if I encounter difficulties while depositing funds?
If you have any difficulties or questions, please refer to the help guide that is available on your profile or write to the customer support chat.