info Icon

Advertising Disclosure

 

Is Pocket Options Scam or Legit Broker?

Pocket Options has been suspected as a scam broker. According to the website, Pocket Options is providing financial services under the laws of the Marshall Islands Business Corporation Act. However, it doesn’t mean the company is regulated or licensed. 

  • Marshall Islands are known hub for various scams and fraud companies, as the incorporation requirements are very low, while the only “standard” is a small initial start capital. Of course, it doesn’t mean that all companies are frauds, but a firm with a trustful trading environment should be authorized by any other reputable world agency. Even though the Pocket Option brokerage is a “freshly” established firm and there are not many scary stories about their violations, some reviews still appear mainly concerning manipulations in the trading process.

About Pocket Option
🗺️ Registered inMarshall Islands
🗺️ Type of LicenseOffshore License
🛡️ Is Pocket Option safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Pocket Options?

Pocket Options is an online trading provider offering over 100+ trading instruments, along with competitive promo and bonuses that reward clients with social trading capabilities and other tools. The trading name Pocket Option is owned and operated by Gembell Limited, which is registered in the Marshall Islands investment firm, as well claimed to operate under the regulation of IFMRRC (International Financial Market Relations Regulation Center).

  • However, its regulated status is doubtful, since IFMRRC is a non-governmental authority that acts as an independent organization and does not strictly oversee the operation of the registers.

Pocket Options - official website

 

Overall Pocket Option Ranking 

Because of the regulation and safety issues we found during our research of Pocket Option, we do not rank positively Pocket Option, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • Pocket Option Overall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

RankingPocket OptionFP MarketsXM
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading InstrumentsPlatforms

Pocket Option Alternative Brokers

We found that Pocket Option has a lot of issues, mainly in respect of its safety and customer care. Thus, here are much better Alternatives to Pocket Option with tight regulations and great trading conditions. We select Good Brokers and reliable options for your comparison below: 

  • HFM – Good for Currency trading
  • FP Markets – Good for CopyTrading
  • FXTM – Good for Beginners

 

Pocket Option Deposit & Withdrawal

To fund a Pocket Option account traders can choose among the following methods: Bank wire transfers, cryptocurrencies, Visa and Mastercard payment cards, plus Skrill, Neteller, FasaPay and Load e-wallets. Depending on the chosen method, it may take some time for the transfer to reflect on the Pocket Option trading account.

  • Traders are able to withdraw funds via the methods that they previously used for depositing in their trading accounts.
  • It is possible to withdraw the trading account balance at any time without any restrictions on the amount. If traders do not have active deposit bonuses, they can withdraw the trading account balance at any time without any restrictions on the amount. 

Pocket Option Review Conclusion

Based on our finds, we do not see Pocket Option as a trustable broker. We always advise trading only with reputable companies, nor with an offshore one, since the safety of funds and potential investments always go first. For that reason, it is a much better choice to trade with Brokers registered and supervised by the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC), such as BDSwiss and FBS.

  • Overall ranking and experience for Pocket Option is Negative
Yousry Saleh From Egypt | | Tuesday, May 10, 2022

Pocket option is the best trading platform for both beginners and professional traders due to the tools inside the platform which makes it easier to get the best trading experience and very fair timing for withdrawals and prompt replies of the well oriented customer support team , I can highly recommend this platform

No news available.

22 responses to “Pocket Option”

  1. thx for the review, althou I tried trading there, see some advantages: AI, copy trading, look good.

  2. Yeah, this broker is a trust worthy for sure.
    But honestly, im not sure why you only rated them two stars for trading, i think its pretty good and does its job well

  3. Pocket Option is a pretty good platform, no cap. Trading options were something new for me, I have never done it before, and when I decided to give it a try and searched for the best platform for it, i found pocket option.
    It’s not a brainer. It’s much simpler than trading forex. With decent tech analysis skills, everyone can do it… i think 🙂

  4. the regulations and licenses have nothing to do with if a broker is scam or not.
    Regulators just take money, and deal with user complaints. So its essentially a failsafe, an extra break for a broker.
    But lots of regulated brokers were scams, and lots of unregulated ones still exist for 20+ years to this day. Simply because they don’t want to pay extra for regulators.

    • Sure, they do. How could you miss it? It’s just in the trading section. Ok, what they have. Some sort of Metatrader platform attentive, which gives u a chance to trade traditional CFDs and real shares

  5. Easy to trade with them. I simply opened my acc, deposited it in a crypto wallet, did my analysis, good charts btw, placed buy trade with x200 leverage, got it, and withdrew. Very easy to use…

  6. among all other things, you can copy best performing traders but keep in mind that there is a fee paid for this type of service. it’s can be done even from the chart. just check the app out for this.

  7. ทุกประเทศ นอกประเทศแถบ EU และออสเตรเลียดำเนินการภายใต้ใบอนุญาตนอกอาณาเขต การที่ Pocket Option มีใบอนุญาต ทำให้เป็นโบรกเกอร์ที่เชื่อถือได้และปลอดภัยในการเทรด เช่นเดียวกับเจ้าอื่น ๆ ที่มีกฎระเบียบนี้

  8. the app’s interface is very intuitive. I like to work with candlestick charts, they seem to be the most illustrative.
    analytics is reached with one click of the button, which is essential for this type of trading. economic calendar gives all the data you need to consider to understand how the price behaves.

  9. The payment options are multiple and pretty safe to use, I have not had any issues with my withdrawals because I make sure I dot my i’s and cross my t’s.

  10. The demo account has been easy to use and I have gotten the hang of it, can’t wait to trade live. I hope I will get the same results though. What can you say about the trading conditions in the demo compared to the live accounts?

    • There is not much difference between a demo and a live account tbh. The difference is fake money…

  11. ผมประหลาดใจที่ได้เห็นสกุลเงินคริปโตจำนวนมากให้เทรดที่นี่ ผมเคยชินกับโบรกเกอร์ที่มีให้แค่ bitcoin และ ethereum ผมดีใจที่เค้ามี altcoin และ memecoin อื่น ๆ ให้เลือกเทรดด้วย

  12. I’ve found Pocket Option to be pretty reliable, and it’s a solid option for anyone looking to trade options. Just a heads up, there’s no CFD trading available if you’re checking out this platform.
    What I really like is their custom app…it’s super user-friendly for navigating and making trades. Plus, the demo account is awesome for trying out different strategies!
    Simply put… pocket option combines convenience with performance

  13. the choice of deposit methods at pocket option seems to be versatile and universal! there are bank transfers, cryptos, e-wallets – full set! they cater to the needs of both new and old school traders

  14. I have been using Pocket Option for almost a year User ID 24238526. I love the fact that they have fast deposits & withdrawals with cyrpto. What keeps me using them the most is there low expiry times starting at 5 seconds.

Leave a Reply

Your email address will not be published. Required fields are marked *