WikiFX Review: Is the Pocket Option Trustworthy?

Pocket Option | 2023-03-30 17:33

Abstract：In today’s article, we are going to analyze a broker called Pocket Option to see if it is reliable.

Pocket Option, a trading name of Gembell Limited, is allegedly an online Forex and CFD broker founded in 2017 and registered in the Marshall Islands that claims to provide its clients with various tradable financial instruments on the web-based trading platform via 7 user levels. The registered address of this broker is Trust Company Complex, Ajeltake Road, Aj eltake Island, Majuro, Republic of the Marshall Islands MH 96960.

Pocket Option offers investors access to 100+ global trading assets in the Forex market, including currency, commodities, stocks, cryptocurrencies, and indices.

(Pocket Option Website)

Engagement on Social Media Platforms

This broker has a series of official accounts on many social media platforms, such as Twitter, Facebook, Instagram, and YouTube.

Twitter

Facebook

Instagram

YouTube

News

On January 3, 2023, Pocket Option launched a new trading tool: Rollover, for those who love trading. Rollover is a new trading tool that can potentially help traders increase profits with minimal risk of loss. This tool helps traders do this by extending an open order's expiration period with a potential increase in investment amount.

Regulation

According to WikiFX, the Pocket Option is not a regulated broker. WikiFX has given this broker a fairly low score of 1.47/10.

Exposures

Some people believe that this broker is a scam as it does not allow investors to withdraw. As of March 30, 2023, WikiFX has received 10 complaints about this broker.

Trader Reviews

There is a total of 7 comments about this broker. most of the comments about this broker are negative. It is a red flag you need to be aware of.

Conclusion

We do not advise you to invest in this broker as it is unregulated and has a low WikiFX score. A better alternative may be a good choice for your trading experience. If you want more information about certain brokers' reliability, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP to find your most trusted broker. If you have any problems with this broker, please do not hesitate to contact WikiFX. The global customer service of WikiFX is +234-706 777 7762 on WhatsApp. Or you can call +65-31290538. We are willing and ready to help you out.

Broker

Related broker

No Regulation

Pocket Option

Company name：Infinite Trade LLC

Score

1.55

Website：https://pocketoption.com/

5-10 years | Suspicious Regulatory License | Global Business | High potential risk

Score

1.55

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