Pocket Option is a binary option broker that is offering both form of forex pairs and crypto coins to precious metals and oil trading. If you’re planning to start trading with them then read this review till the end.
Pocket Option Review
Pocket Option Binary Option Broker is an offshore broker that is not directly regulated by any reported authority. This broker is operated by Gembell Ltd. It is registered by Trust Company Complex group.
Gembell Ltd is regulated by IFMRRC.
As a Pocket Option trader, you will have the advantage of a great choice of trading instruments over 30 forex pairs, some exotic currencies, crypto coins as well as other assets from precious metals to oil and CFDs.
They will be offering no deposit bonus if you’re a new trader registering on their broker website. If you want to make profit and withdraw instantly then deposit minimum US 50 Dollar. Or you will have the opportunity to receive US 50 Dollar no deposit bonus which need to turnover to US 1500 Dollar to withdraw the profit you make.
Pocket Option binary broker offers up to 93% payout for forex currency pairs, which is considered good payout.
As we have already mentioned that Pocket Option is not a regulated broker directly but authorized to run brokerage activity by Gembell Ltd which can be quiet uncomfortable for traders as there is no guarantee that your money will be safe.
As of now, Pocket Option says that they are registered by IFMRRC though they are not any official regulated body.
Proper regulation is the most important factor for the safety of investment on the retail of forex market. We recommended all potential traders to choose the right broker for yourself to start trading and enjoy making profit.
MetaTrader not supported
Pocket Option not support MetaTrader for their trading partner. They offers web based trading interface with good classical features which might be another disadvantage to trade with this broker. But as they’re giving away 50 USD no deposit bonus to try their product you may take the advantage of it and make profit to withdraw. Then you will know if they are a good broker.
Is Pocket Option Scam or Legit?
Pocket Option is not regulated which ensure that this broker is not legit but right now can not say it is scam too. We recommend you to trade with a regulated broker so your money will be safe. If you’ve already experience with Pocket Option then feel free to share your opinion about them in the comment.
We do not recommend this broker as well not discourage anyone at this moment. I would request you to leave your feedback about your personal trading experience with them so other will be benefited from your help. We will update this post soon. Stay tuned.
I am Sohel, by profession a freelancer and passionate blogger, influencer, online marketer and YouTuber. I loved to write, share ideas and experience, research, honest product reviews, social media marketing and helping others. Sharing is caring…