Pocket Option Review (2023)
Beware Pocket Option is a Non-Regulated Broker. It is NOT SAFE to trade.
- Company name:
Gembell Limited.
- Registration Address/ License:
Marshall Islands. Regulated by IFMRRC (License number TSRF RU 0395 AA Vv0124).
About Pocket Option
| 🗺️ Registered in | Marshall Islands |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is Pocket Option safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
Pocket options is an online trading provider offering over 100+ trading instruments, along with the competitive promo and bonuses that rewards clients with social trading capabilities and other tools. The trading name Pocket Option is owned and operated by the Gembell Limited, which is registered in the Marshall Islands investment firm, as well claimed to operate under the regulation of IFMRRC (International Financial Market Relations Regulation Center). However, its regulated status can be solely considered, since at fact IFMRRC is a non-governmental authority that acts as an independent organization and does not strictly oversee the operation of the registers.
In addition, the Marshall Islands are known hub for various scams and fraud companies, as the incorporation requirements are very low, while the only “standard” is a small initial start capital. Of course, it doesn’t mean that all companies are frauds, but the firm with the trustful trading environment should be authorities by any other reputable world agency. Even though the Pocket Option brokerage is a “freshly” established firm and there are no many scary stories about their violations, some reviews still appear mainly concerning about manipulations in the trading process.
Conclusion
Overall, we always advise trading only with the reputable companies, nor with an offshore one, since the safety of funds and potential investments always goes first. Our priority goes to regulated brokers that besides to its legal status the companies provide service with the implemented customer protection rules. For that reason, it is a much better choice to trade with the Brokers registered and supervised by the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).