Abstract: Pocket Option claimed it would allow you to “turn $1 into $1000 in 15 minutes. Is it true?
About Pocket Option
Pocket Option is the name of the online forex and CFD broker, Gembell Limited. This broker was 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, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960. In addition, the platform also offers cryptocurrency services, which already cover many parts of Asia.
Regulation
According to WikiFX, this broker does not have a regulatory license.WikiFX has given this broker a low score of 1.47/10. We do not advise traders to invest in a broker that is not regulated. Thus, the risk of losing money is obvious.
Turn $1 Into $1000 In 15 Minutes
Pocket Option has been pushing its trading strategy hard recently. It launched a so-called New Binary Options Trading Strategy. It claimed people can significantly enhance trading results in a short period. For example, by investing $1, the trader can get $1000 in 15 minutes. However, is it reliable?
A lot of Exposures
As of April 13, 2023, WikiFX has received up to 10 complaints against this broker.
Many people think this broker is a scam as they lost control of their money and cannot withdraw from their accounts. We need you to be aware of this shortage that this broker has.
Conclusion
WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!
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