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Pocket Option

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The BrokersView Pocket Option review raises several concerns about the broker, including its unregulated status, history of customer complaints, and high-risk trading offerings. Read this review before considering trading with Pocket Option.

Operating status: SCAM

Website: https://pocketoption.com/en/

Broker violations and abnormal records
  • 2023-05-07 BrokersView has reviewed that Pocket Option is an unregulated broker

    Update on July 24, 2024:

    The only license Pocket Option claims to hold was issued by the Mwali International Services Authority (MISA), which has since been canceled. This means the company is offering financial services without any oversight or supervision. It is critical to note that three financial regulators have flagged Pocket Option for lacking the required authorization, they are: Financial Conduct Authority (FCA), the Belgian Financial Services and Markets Authority (FSMA), and the Commodity Futures Trading Commission (CFTC).

    Historical information:

    Pocket Option's claim that it is operated by Gembell Limited registered with the Marshall Islands Registry (IRI) under registration number 86967 is unfounded as records from the IRI suggest that it is dissolved. In addition, although Gembell Limited, as stated on its homepage, is regulated by International Financial Market Relations Regulation Center (IFMRRC), it is important to note that the IFMRRC doesn't regulate entities engaging in forex activities. To put it simply, Pocket Option is literally not subject to valid regulations.

    In essence, Pocket Option is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    Update on July 24, 2024:The only license Pocket Option claims to hold was issued by the Mwali International Services Authority (MISA), which has since been canceled. This means the company is offering financial services without any oversight or supervision. It is critical to note that three financial regulators have flagged Pocket Option for lacking the required authorization, they are: Financial Conduct Authority (FCA), the Belgian Financial Services and Markets Authority (FSMA), and the Commodity Futures Trading Commission (CFTC).Historical information:Pocket Option's claim that it is operated by Gembell Limited registered with the Marshall Islands Registry (IRI) under registration number 86967 is unfounded as records from the IRI suggest that it is dissolved. In addition, although Gembell Limited, as stated on its homepage, is regulated by International Financial Market Relations Regulation Center (IFMRRC), it is important to note that the IFMRRC doesn't regulate entities engaging in forex activities. To put it simply, Pocket Option is literally not subject to valid regulations.In essence, Pocket Option is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-06-04 The Belgian FSMA added Pocket Option to its warning list

    On June 5, 2023, the Belgian Financial Services and Markets Authority (FSMA) added Pocket Option to its warning list as a fraudulent trading platform: https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-0

    On June 5, 2023, the Belgian Financial Services and Markets Authority (FSMA) added Pocket Option to its warning list as a fraudulent trading platform: https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-0
  • 2022-11-20 The FCA issues a warning against Pocket Option

    The Financial Conduct Authority (FCA) issued a warning against Pocket Option, advising investors to stay away from this unauthorized firm. https://www.fca.org.uk/news/warnings/pocketoption

    The Financial Conduct Authority (FCA) issued a warning against Pocket Option, advising investors to stay away from this unauthorized firm. https://www.fca.org.uk/news/warnings/pocketoption
  • 2022-06-06 The CFTC issues a warning against Pocket Option

    The Commodity Futures Trading Commission (CFTC) issued a warning against Pocket Option for lacking the required authorization. https://www.cftc.gov/node/241216

    The Commodity Futures Trading Commission (CFTC) issued a warning against Pocket Option for lacking the required authorization. https://www.cftc.gov/node/241216

Related Complaints

Q&A Complaints

Hi, could you help me get my money back from Pocket Option?

Rico
Belize
2024-12-09
ANSWER Dear Investor, We understand how distressing and frustrating this situation can be. Pocket Option has been marked by us as a scam for some time. It frequently changes its registration information and has been warned by many financial authorities for suspicious, if not illegal, practices. We strongly suggest you discontinue any engagement with Pocket Option and report it to your local authorities. In your country, you may try lodging a complaint with the Financial Services Commission of Belize (Belize FSC). We also encourage you to file a complaint on our platform at https://www.brokersview.com/questions-answers. Our dedicated team will thoroughly review your case and work diligently to help you find a possible solution. Please rest assured that our team is always here for you.
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I have read official reviews of this broker which all seem a bit too sketchy, so does pocket option scam truly exist?

Cesar Rodriguez
Philippines
2025-01-30
ANSWER Dear Investor, Thank you for your message and for trusting our platform. Our investigation suggests that Pocket Option is a scam. This broker is not subject to strict regulations and has been blacklisted by major financial regulators worldwide for its fraudulent activities. We recommend reading our detailed review about Pocket Option here. Many clients of the platform in question have shared their feedback, accusing it of operating fraud schemes. We have also received complaints filed by victims of Pocket Option. Additionally, you may find some spam reviews on the internet praising Pocket Option as a good platform, which is a common tactic employed by scammers to bolster their reputation. It is always critical to conduct thorough research on your target broker instead of accepting their claims at face value. We strongly suggest you avoid using Pocket Option.
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25 comments

Fadwa Radhiya Gerges
Lotta payments are available and sometimes I even struggle to understand which one to choose...
2025-03-13
Reply
Mamduh Atiyeh
IDK about regulations, but in case of my real account, there weren`t problems with payments or smth.
2025-02-24
Reply
john chelvan
I dunno yet about real shares trading, I think I aint ready for dat yet... but i am surely enjoying quick trading, this is right what I need. The % will rise with time hopefully
2025-02-18
Reply
Ruhukriz Malwangu
I’m sorry for being skeptical but it turned out to be better than I expected.Pocket Option has so many assets and I literally can trade whatever I want. Also payouts are very high here tbh...
2025-02-05
Reply
Aftab Aftab
Scam alert ⚠⚠This broker is completely scam. Before they had dummy license and now they also lost their license. Mwali posted on their website they canceled the pocket option's license because pocket option didn't pay the annual fee!. I think pocket option has been bankrupted. Traders funds are not safe on this platform. They blocked my account with 10550$. They don't wanna give my money back. Then traders who has money on this broker you should withdraw your money immediately before you get scammed by them.
2025-02-02
Reply
Su Jun Rui
The fact that it has a transparent system of operation and tight verification process is enough...
2025-02-01
Reply
Danish
5days ago i deposit 5$ i send emails to support of pocket option and supports requests but no respond from pocket option i am student i use money from my pocket money but pocket option did not respond me anyone can help me to add my funds
2025-01-10
Reply
Brokersview Official
Dear, about your problems encountered in this broker, you can submit a complaint with your proofs, Please click the link to submit：https://www.brokersview.com/complaint service@brokersview.com
2025-01-14
Reply
Tario Epps
What do you think: is pocket option real or fake? What is the evidence to your reasoning?
2024-12-29
Reply
John
How to get a company account
2024-11-16
Reply
Nate Romeyn
I have been trading for three months and I've had some ups and downs. I love the user friendly site but definitely use your PC as sometimes it's glitchy on a cell phone
2024-10-18
Reply

1-10 of 25 comments

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