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Pocket Option Review - is it scam or safe?

Pocket Option review - Is scam or good forex broker?

RATING: 1 / 8 REVIEWS Pocket Option
Pocket Option is not regulated. We cannot guarantee your money is safe.

Pocket Option is a binary options broker, offering bets on a variety of assets – form forex pairs and crypto coins to precious metals and oil. This, however, is an unregulated, offshore broker, so if you are planing to bet with them be sure to read this review first.


Account type Min. deposit Max. leverage Spreads
Standard Account $50 n/a n/a


Pocket Option Advantages:


Good variety of betting instruments


As we already mentioned Pocket Option offers a really good choice of trading instruments – over 30 forex pairs, with some exotic currencies like Russian Ruble, Singapore Dollar, Polish Zloty, Turkish Lira and South African Rand. 


Other assets include spot metals like silver and gold, oil, plenty of stocks and a number of crypto coins including Ripple, Stellar, Vertcoin, Santiment, Viacoin, Zcash, Litecoin, NEM, NEO, Bitcoin Cash, EOS, Ethereum Classic, GameCredits, Monero, Ethereum, Bitcoin and Ardor. Still, here you may want to check our list of brokers, offering Bitcoin CFDs:


>>Bitcoin Forex Brokers<<


Good payout


Binary options brokers are assessed by the payout they offer with their bets. Pocket Option offers 93% payout on the EURUSD pair, which is considered good. Still, if you consider trading classical forex and CFDs, you may also check our list of brokers offering tighter spreads:


>> Lowest spread forex brokers<<


You can start betting with just 50 USD


The minimum deposit requirement with Pocket Option is 50 USD and this is acceptable. Actually with most brokers you will have to invest at least 250 USD in order to open a trading account. Still, some big players like FBS and IG do not have a minimum deposit requirement at all.


Pocket Option Disadvantages:


Lack of regulation


Pocket Option is owned by Gembell Limited – a company based on the  Marshall Islands, but operated by Tifiya Group s.r.o., which is said to represent Gembell Limited in EU.


Here we should note that sine early July the European Securities and Markets Authority (ESMA) banned all binary options bets in the European Union, so basically all Pocket Option operations in EU are illegal.


Also, although Pocket Option says they are regulated by the International Financial Market Relations Regulation Center (IFMRRC), we should note that IFMRRC is not an official regulatory body such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySEC), but just an anonymous website, lacking credibility whatsoever. Besides, our research shows that the people behind IFMRRC are Russian and their business is to accommodate unregulated, offshore brokers.


As proper regulation is the single most important factor for the safety of any investment on the retail forex market (including binary options bets), we strongly advise all potential traders to deal with properly regulated brokers only.


Regulated brokers are obliged to follow strict financial and ethical rules, among which to file regular reports to their supervisory institution, to allow external audits, to maintain a certain minimum capital adequacy ratio and to keep all clients money in a segregated, protected form creditors account. Some regulators like FCA in the UK and CySEC in Cyprus even require brokers to participate in client compensations schemes.


Thus, traders with FCA brokers can receive back up to 50 000 GBP of their trading capital in the event their broker files for bankruptcy, while traders with CySEC brokers are entitled to a compensation of up to 20 000 EUR. Besides, here you may check our list of FCA regulated brokers:


>>FCA Regulated Forex Brokers<<


MetaTrader4 not supported


Pocket Option offers an overly simplified web based trading platform that lacks many of the features, standard with classical trading solutions like the MetaTrader4. 



Of course, MT4 is used for forex and CFD trade and one of its many advantages is the ability to support automated trading sessions. So here you may also check our list of brokers, offering the MetaTrader4:


>>MT4 Brokers<<


Few payment methods


With Pocket Option you can fund your account only with a credit card like VISA and MasterCard and bank wire. We miss some popular e-wallets like NetellerSkrill, as well as the option to pay with Bitcoins. Besides, here you may also check our list of brokers, accepting payments with bitcoins:


>>Forex Brokers Accepting Bitcoin<<




Pocket Option is an unregulated, offshore, binary options broker and to us that sound like a recipe for a scam. As we already noted, our best advise is to invest with properly regulated brokers only.

Latest news about Pocket Option
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Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
$100 Review Website

Traders` reviews for Pocket Option
















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Pocket option không trung thực

Rất nhiều người phàn nàn pocket option hay cấm tài khoản người chơi... Có lợi nhuận nhiều là cấm tài khoản của họ...

Translated by Google:

Pocket dishonest
A lot of people complain about pocket options or banning player accounts ... The most profitable is banning their accounts ...

Trần Văn thanh 09/14/2019

Beware - scam using coding

You will all realize the scam. Once you found some good trading strategies using their demo account, you will gain some very serious amount of profits. Second, you will deposit money and try the same strategies and you realize that the time you open the trades is adjusted against you. In a result to loose your trades. I have tested this broker with 3500 real account and once I realize that, I have immediately asked my bank to reverse all the transactions.

Andrew 08/26/2019

Scam broker not recommended at all

As I am the first one to give a review here...I am sharing my experience here...
When I traded on demo with them they were very nice with me convincing me to make a deposit...and when I made a deposit they manipulated the prices like closing red candle in green and vice versa...Despite that when I made a profit of 100$...they blocked my account without a reason and stole my money... I talked to their representative he closed the chat and block me from live chat...i have the screenshot of it and other things too...
So I am strongly not recommending this broker...they will steal ur money
For proofs email me

Rashid Ali 04/04/2019

Scam Scam Scam

Full scam . don't trust. Blocked my account after deposit

amirhossein moghadam 03/04/2019

They don't pay

pocket option ir krapnieki darijumus izsit speciali un naudu var neizmaksat man no konta pazuda 50 eiro cilveki neiejiet apmana esmu daudz zaudejis esmu pieredzejis treideris un mokos ka jauninais

Translated by Google:

pocket option is a crowd deals special and money can not pay me out of the account disappeared 50 euro people do not go aback I am much lost I am an experienced trader and I pay as a youth

aigars 02/05/2019

Scam company

This company is a scam when you are supposed to get your profits back you don't get it they are sitting in your wallet, tried sending emails to their customers care but they reply at all am do sad for loosing such money to those fraudulent people

Motale 01/03/2019

Pocketoption scam, manipulation of price and assets

PocketOption manipulated price and assets, They try to justify with the liquidity provider, but there is no evidence. The Law Firm I work with is currently sending the formal notice to the Financial Ombudsman Service and to PaySafe Financial Group Limited.

They manipulate prices and assets in order to let you lose all. And if you don't lose, but earn enough, they will block withdrawals.

All is documented by photo and video and will be continuously posted on social media channels.

Luca 11/30/2018

Probable Scam

This is a probable scam. I had an open option and suddenly the window closed and said "this asset is not available for trading" and of course it lost. I had been on a winning streak. Then they closed all real currencies and opened up cryptocurrencies and I lost like 4 in a row some at the last second. I really think they manipulate prices if you have been winning too long. The fact that they closed a currency pair in the middle of an open trade screams scam. You are "allowed" to win for a while but the House will get you in the end. I think there are more honest brokers out there like Nadex. Stay away from this one.

Francis 10/21/2018
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