PocketOption scam broker review: real traders’ feedback
Review of the scam broker PocketOption: real trader reviews
Within this review, we will consider the activities of the CFD broker PocketOption, which claims to be an innovative and reliable partner in the trading sphere. However, evaluating client reviews, we may doubt this self-assessment and subject the company pocketoption.com to a more detailed analysis to determine whether we should deal with a reliable partner or just another scammer.
Organization Review
The broker PocketOption was founded in 2017 and offers its clients CFD contracts on more than 150 assets, including fiat currencies, cryptocurrencies, and company stocks. In the advertised statements about the best online trading platform, we see typical promises that are often made by other brokers. Therefore, we must carefully examine the actual situation.
The company Gembell Limited, which is the owner and operator of the broker, is registered in the Marshall Islands (registration number: 86967) and is regulated by CRFIN.
It is worth noting that the situation with CRFIN raises certain doubts. This non-governmental Russian organization, supposedly overseeing the work of brokers, is a scandalous institution that has been associated with scam projects. It is important to consider that in 2019, the Central Bank of Russia banned CRFIN’s activities, casting doubt on the certificate provided by PocketOption.
Trading Conditions
The CFD broker PocketOption offers its clients over 100 trading instruments, including fiat currencies, stocks, cryptocurrencies, and commodities. The broker has two types of trading accounts: a demo account and a real account. The minimum deposit is $10, and trading can start with $1 regardless of the chosen asset. Clients acquiring a real account gain access to various features and tools such as tournaments, cashback, indicators, signals, social trading, and an educational program.
How to register on pocketoption.com?
To register on the pocketoption.com website, you need to go to the homepage and click on the “Quick Registration” button. Fill out the form, providing your email address, create a password, and confirm it. Additionally, there is an option to register via Facebook or Google+. After registration, verification will be required by providing necessary personal information and identity documents.
Deposit and Withdrawal Methods
You can fund your account through various methods such as bank cards, electronic payment systems, and cryptocurrency. For withdrawals, the same method used for deposit should be employed. The minimum withdrawal amount is $10, and the withdrawal process may take up to 3 business days.
Bonuses and Promotions
Upon opening a trading account and depositing a minimum of $10, clients receive a 50% bonus on the deposit amount. However, it is important to remember that after accepting the bonus, funds cannot be immediately withdrawn and require playthrough.
Summary of the CFD broker PocketOption Review
In general, the broker PocketOption tries to create the appearance of a reliable partner, but has several questionable aspects such as offshore registration, lack of a license, and anonymity of management. These facts do not allow us to unequivocally recommend this intermediary for cooperation.
Author: Egor Tischenko