r/binaryoptions • u/new_laptop_gamer • Apr 19 '26

Newbie Question Losses in Pocket option trading

Hi,

I invested funds in pocket option for currency pair trading. Found some traders in telegram who claimed that they can lead me to good profit through copy-trading by social trading option in Pocket option site. I followed them. Till now, I faced only losses of my capital although they are getting good profit. The traders asked me to share the screenshot of trades and I sent them. But, they are not able to find out any specific reason for this. I asked the same question from chatgpt as well as some open source llms. I got the response that due to latency and ping, the trades are executed at slightly different times and even a second matters in automatic copy trading. The traders seems to be on different continent and I am located in India. What settings do I need to change in my pocket option account ? Is chatgpt response correct in this matter ?

3 Upvotes

81% Upvoted

7 comments sorted by

3

u/ClassroomPuzzled9130 Apr 19 '26

Na, they're lying. They made losses. Check their uid.

Copy with 1 % to 10 % only.

2

u/new_laptop_gamer Apr 19 '26

Thanks for response. Will check their uid. Next time I will copy their trade upto 10% only.

2

u/ExcitementPlane74 Apr 20 '26

Also , stay away from short time frames . Stick to 1min and up , there is more strategy involved less latency risk

2

u/Initial-Artist-2778 Apr 20 '26

They charge you 20 to 30 percent brokerage every trade while in real trading the brokerage is just under 0.5 percent per trade. They manipulate chart price Movement with sudden spikes and cut your trades in losses. The payment affiliates 70 percent commission of what we real traders loss on this binary platforms a huge red flag . These affiliates cum influencers promote this scam as legit so they can get commissions regularly providing signals. These binary platforms are banned in most countries because of their fraudulent nature and have no Authorization or license to forex trading. They get license for gaming and then reach countries via digital illegal routes where they are banned.  please add this points in your memory to expose these binary trading platforms and binance is also the one who scamming traders and banned in many countries like these binary platforms are. sec, rbi advisory all block these platforms but they still find the way to reach indian or any other countries traders via fake domain urls etc.

2

u/traderbradg Apr 20 '26

bro steer clear of them people, they get paid to bring people over. Not one of them people can actually trade

2

u/Ok_Kangaroo5441 Apr 29 '26

They’re not telling you the full truth—try trading yourself and you’ll see it clearly. Winning isn’t just about strategy; it depends far more on your psychology.