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Pocket Option

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BrokersView Pocket Option Review: A Red Flag Broker

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

Is Pocket Option a scam broker?

mew naktim
Ethiopia
2024-07-24
ANSWER Indeed, Pocket Option appears to be a scam broker. The only license it 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.Further compounding the concerns, several top-tier financial regulators have issued warnings about Pocket Option, including the Financial Conduct Authority (FCA), the Belgian Financial Services and Markets Authority (FSMA), and the Commodity Futures Trading Commission (CFTC).BrokersView always advises against trading with unregulated brokers. Pocket Option is an unregulated broker presenting substantial risks. Investors may find themselves unable to get a refund through any viable means. In fact, many victims have shared their unfortunate experiences with this fraudulent platform.We urge you to report Pocket Option to your local authorities. We also encourage you to file a complaint on our platform at BrokersView Rights Protection. This will enable our team to get a comprehensive understanding of your case and work diligently to help you find a possible solution.Additionally, be aware of Recovery Room Scams, where individuals or firms pretend to be capable of recovering your funds lost in scams. Their real intention is to drain your resources further instead of assisting you.
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Is it pocket option a safe platform?

Azad
Spain
2024-01-25
ANSWER Pocket Option has recently updated its regulatory information and company profiles. Previously, it claimed to be operated by Gembell Limited, a company whose registration with the Marshall Islands Registry (IRI) was canceled. It also claimed to be licensed by the International Financial Market Relations Regulation Center (IFMRRC), an institution that is suspected to be a fraudulent regulatory body.The Belgian Financial Services and Markets Authority (FSMA) has included three web addresses associated with Pocket Option in its warning list of fraudulent investment platforms. Similarly, both the UK's Financial Conduct Authority (FCA) and the US' Commodity Futures Trading Commission (CFTC) also placed Pocket Option on their warning lists (the FCA warning list and the CFTC RED list).Numerous investors have lodged complaints about Pocket Option and left negative reviews for this broker. These factors suggest that Pocket Option may not be a reliable platform.However, Pocket Option has updated its details, stating that it is now operated by Infinite Trade LLC, which is registered with the Mwali International Services Authority (MISA) and appears to be legitimate. Despite this, it is crucial to conduct a thorough investigation before making any investment decisions. Given its past negative history, numerous bad reviews from clients, and warnings from three governmental financial regulators, it is advisable to exercise extreme caution and reconsider your choice.For safer alternatives, consider forex brokers that are under strict supervision and have solid reputations. Always remember to conduct your own research and due diligence before investing.
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17 comments

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
Alayna Daniels
Platform is easy to use and has great training tutorials and strategies for new beginners to learn and grow. The withdrawal process is fast and easy and any time I have questions the support team is always helpful.
2024-09-26
Reply
Bonani Brodhuhn
I paid 60 funds after opening the account, there was a problem to finish uploading the required information it kept on declining, later I was sent a message saying Germany is not supported to trade pocket options. No one said or sends a message saying I'm not supposed to open an account, after receiving a message with a picture of German that I can't trade or learn to trade I demanded my money back they told me to close the account I said I won't till I receive my money back to my account. The money got disappeared in the account where I asked I was told that the money was deposited to the person I chose to join. From there I wrote countless emails asking the name and account for the person I did get it. Now they have fake email that is responding to my emails. Pocket options is full of criminal who steals people's money.
2024-09-11
1
Reply
Daniel Morales
I find this to be a great platform and it is user friendly. Been trading with them since 2021
2024-09-02
Reply
Surya Kunwar
Pocket option broker is scammer. It gives withdraw easily untill we are in loss but when we make profits consistently it does not give withdraw and blocks our account without proper reason. So it's scammer broker.
2024-09-01
1
Reply
bahaa shaban
Pocket Option stands out as an exceptional platform in its field, offering a user-friendly interface and a range of advanced features tailored to meet diverse needs. Its responsive customer support and robust security measures make it a reliable choice for users. The platform’s efficiency and speed further enhance its reputation, making it a top contender in the market
2024-08-12
Reply
Zainab Cristo
A good application that gives you many features. I advise everyone to learn trading before trading
2024-07-24
Reply
Alejandro Chuy (Alex)
Pocket option is an Scam Plataform
2024-06-23
1
Reply
Ayaz Ahmed
Pocketoption is an excellent broker a lot of pairs very fast withdrawl. Customer support always available. Fully trusted.
2024-05-26
Reply

1-10 of 17 comments

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