Abstract: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.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Feature | Detail |
Registered Country/Region | Marshall Islands |
Found | 2017 |
Regulation | unregulated |
Market Instrument | currency, commodities, stocks, cryptocurrencies, and indices |
Account Type | Stranger, Newbie, Beginner, Experienced, Master, Pro, and Guru |
Demo Account | Yes ($10,000 virtual capital) |
Maximum Leverage | N/A |
Spread | N/A |
Commission | N/A |
Trading Platform | web |
Minimum Deposit | $5 |
Deposit & Withdrawal Method | cards, e-payments, and cryptocurrencies |
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.
Here is the home page of this brokers official site:
As for regulation, it has been verified that Pocket Option currently has no valid regulation. The fact that the Pocket Option is not regulated means that the safety of investors' funds and trading activities cannot be effectively protected. Investors should be careful to get away from the Pocket Option broker.
Note: The screenshot date is January 19, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Pocket Option offers investors access to 100+ global trading assets in the Forex market, including currency, commodities, stocks, cryptocurrencies, and indices.
Account Types
Apart from demo accounts with $10,000 virtual capital, Pocket Option gives 7 user levels: Stranger (without deposit), Newbie (deposit less than $100), Beginner (minimum account balance of $100), Experienced (minimum account balance of $1,000), Master (minimum account balance of $5,000), Pro (minimum account balance of $15,000), and Guru (minimum account balance of $50,000).
Trading Platform
Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Pocket Option gives traders a web-based trading platform. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Pocket Option supports a variety of convenient deposit and withdrawal methods, consisting of cards (Visa, MasterCard), e-payments (Perfect Money, Advcash, WebMoney, Jeton, and PayRedeem), and various cryptocurrencies such as Bitcoin, Tether and more.
The minimum deposit requirement is only $5 and the minimum withdrawal amount is $10. It does not charge commissions for deposits and withdrawals.
Customer Support
Pocket Options customer support can be reached by Hotline: +44 20 8123 4499 or send messages online to get in touch. You can also follow this broker on social networks such as Telegram, Twitter, Facebook, Instagram and YouTube.
Pros & Cons
Pros | Cons |
• Multiple trading instruments and account types | • No regulation |
• Demo accounts available | • Trading condition is unspecified |
• Low minimum deposit ($5) | • Regional restrictions |
Frequently Asked Questions (FAQs)
Q 1: | Is Pocket Option regulated? |
A 1: | No. It has been verified that Pocket Option currently has no valid regulation. |
Q 2: | At Pocket Option, are there any regional restrictions for traders? |
A 2: | Yes. Pocket Option does not provide service to residents of the EEA countries, USA, Israel, UK and Japan. |
Q 3: | Does Pocket Option offer demo accounts? |
A 3: | Yes. Pocket Option offers demo accounts with $10,000 virtual capital. |
Q 4: | Does Pocket Option offer the industry-standard MT4 & MT5? |
A 4: | No. Instead, Pocket Option offers a web-based trading platform. |
Q 5: | What is the minimum deposit for Pocket Option? |
A 5: | The minimum initial deposit with Pocket Option is only $5. |
Q 6: | Is Pocket Option a good broker for beginners? |
A 6: | No. Pocket Option is not a good choice for beginners. It is unregulated, so trading with this broker is dangerous. Stay away! |
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
In a distressing turn of events, Mr. Ninonuevo, a 54-year-old investor from the Philippines, finds himself embroiled in a financial quagmire after transferring his accounts from Vllado to Orfinex, only to face rejection of Know Your Customer (KYC) procedures and subsequent withholding of funds by the latter. This alarming revelation has left Mr. Ninonuevo and other members of Intersphere Enterprises (ISE) in a precarious position, unable to access their transferred funds as initially promised by Orfinex.
After a puzzling hiatus, prop trading giant The Funded Trader resurfaces with cryptic signs of a potential relaunch, amidst mounting user concerns and a cloud of uncertainty.
Binance, the world's leading exchange, secures a pivotal license in Dubai's cryptocurrency landscape, shaping the future of regulation.
Explore how hedge funds increase gold investments as inflation rises, with prices reaching record highs and predictions exceeding $2,600 by 2025.