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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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