Global Broker Regulation Inquiry App
WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
WikiFX Broker Assessment Series | Pocket Option: Is It Trustworthy?
Abstract：In this article, we will conduct a comprehensive examination of Pocket Option, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.
In this article, we will conduct a comprehensive examination of Pocket Option, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
Background:
Established in 2017 by a group of IT and Fintech professionals, Pocket Option functions as a brokerage firm specializing in international binary options and exchanged CFDs trading. The company's headquarters are situated in the Republic of Costa Rica, specifically in San Jose.
Pocket Option provides a diverse range of over 100 tradable assets, covering currency pairs, indices, commodities, stocks, and cryptocurrencies.
With a user base exceeding 100,000, Pocket Option has expanded its presence to encompass nearly 100 countries and territories.
In addition to its standard services, Pocket Option offers a social trading platform designed to assist money managers and traders in enhancing their efficiency and profitability. The platform allows for passive income generation through copy-trading.
Pocket Option also features an introducing broker (IB) program, enabling individuals and businesses to earn commissions on a weekly basis by referring new clients to the company.
It's important to note that, at present, Pocket Option does not extend its services to residents of the EEA countries, the United States, Israel, the United Kingdom, and Japan.
Types of Accounts:
The official website of Pocket Option lacks a comprehensive breakdown of the available account types, providing information solely on live and demo accounts.
As per the broker's specifications, the live account necessitates only a minimal entry barrier of $5 USD. Furthermore, the demo account affords users a virtual balance of $50,000.
Deposit and Withdrawals:
When it comes to funding options, Pocket Option offers over 50 types of payment methods. In comparison to its industry peers, this myriad of options is an advantage for Pocket Option. Moreover, Pocket Option does not charge any withdrawal commission fees.
Pocket Option does not accept third-party payments. This means that the company only accepts funds from sources under the account holder's name, and funds are only returned to sources under the account holder's name.
Pocket Option will not charge any handling fees. In the case of money transfers and fees charged by the receiving bank, these will be borne by the client.
The specifications for each deposit and withdrawal method can be referred to from the images below:
Trading Platforms:
Pocket Option offers traders two distinct trading platforms:
MetaTrader 5:
Integrated with Pocket Option, MetaTrader 5 provides additional functionalities such as automated trading using Expert Advisors (EAs), strategy back testing, an expanded set of technical indicators and charting tools, and a customizable interface. This platform is designed for traders seeking advanced tools and capabilities.
Pocket Trader:
Developed in-house by Pocket Option, Pocket Trader is accessible through any web browser-enabled device. It features a simple and user-friendly interface, catering to traders with various levels of experience. The platform's design aims to provide a straightforward trading experience without favouring any particular skill level.
Research & Education:
While Pocket Option asserts that it provides comprehensive educational resources, it appears that these resources are exclusively accessible to registered users of Pocket Option. WikiFX made an attempt to access Pocket Option's educational site but encountered difficulties in doing so. Hence, WikiFX could neither verify nor comment on this aspect.
Customer Service:
Pocket Option offers customer service support in several foreign languages, such as Spanish, Dutch, Thai, French, Vietnamese, Korean, Mandarin and more.
Trading clients can reach Pocket Option via email (support@pocketoption.com) or at +4420 8123 4499.
Conclusion:
To provide a summary, WikiFX has rendered its final verdict on Pocket Option:
WikiFX, a global platform for forex broker regulatory assessment, has assigned Pocket Option a low WikiScore of 1.51 out of 10, categorizing it as an unreliable entity within the forex trading industry.
While Pocket Option's official website asserts its affiliation with Infinite Trade LLC, regulated by the Mwali International Services Authority with license number T2023322, WikiFX's comprehensive investigation reveals that Pocket Option is not operating under the oversight of any recognized financial watchdog. Exercising caution is imperative when engaging with an unregulated broker.
As a result, WikiFX strongly advises users to avoid this broker due to its numerous shortcomings and elevated underlying risks, which stand in contrast to its assertive and ambitious claims of transparency and competitiveness.
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.
Read more
Voices of the Golden Insight Award Jury | Kazuaki Takabatake, CCO of Titan FX
WikiFX Golden Insight Award uniting industry forces to build a safe and healthy forex ecosystem, driving industry innovation and sustainable development, launches a new feature series — “Voices of the Golden Insight Awards Jury.” Through in-depth conversations with distinguished judges, this series explores the evolving landscape of the forex industry and the shared mission to promote innovation, ethics, and sustainability.
Original 2h
Garanti BBVA Securities Exposed: Traders Report Unfair Charges & Poor Customer Service
Have you been financially ruined through chargebacks allowed by Garanti BBVA Securities? Do you have to wait for hours to get your queries resolved by the broker’s customer support official? Did the same scenario prevail when you contact the officials in-person? Failed to close your account as Garanti BBVA Securities officials remained unresponsive to your calls? Many have expressed similar concerns while sharing the Garanti BBVA Securities review online. In this article, we have shared some complaints against the broker. Take a look!
Original 20h
In-Depth Review of Stonefort Securities Withdrawals and Funding Methods – What Traders Should Really
For any experienced forex and CFD trader, the mechanics of moving capital are as critical as the trading strategy itself. The efficiency, security, and transparency of a broker's funding procedures form the bedrock of a trustworthy, long-term trading relationship. A broker can offer the tightest spreads and the most advanced platform, but if depositing funds is cumbersome or withdrawing profits is a battle, all other advantages become moot. This review provides a data-driven examination of Stonefort Securities withdrawals and funding methods. We will dissect the available information on payment options, processing times, associated costs, and the real-world user experience. Our analysis is anchored primarily in data from the global broker regulatory inquiry platform, WikiFX, supplemented by a critical look at publicly available information to provide a comprehensive and unbiased perspective for traders evaluating this broker.
Original 21h
MH Markets Deposits and Withdrawals Overview: A Data-Driven Analysis for Traders
For any experienced trader, the integrity of a broker is not just measured by its spreads or platform stability, but by the efficiency and reliability of its financial plumbing. The ability to deposit and, more importantly, withdraw capital without friction is a cornerstone of trust. This review provides an in-depth, data-driven analysis of the MH Markets deposits and withdrawals overview, examining the entire fund management lifecycle—from funding methods and processing speeds to fees and potential obstacles. MH Markets, operating for 5-10 years under the name Mohicans Markets (Ltd), has established a global footprint. With a WikiFX score of 7.08/10, it positions itself as a multi-asset broker offering a range of account types and access to the popular MetaTrader platforms. However, for a discerning trader, the real test lies in the details of its payment systems and the security of their funds. This article dissects the MH Markets funding methods withdrawal experience, leveraging pr
Original 21h
WikiFX Broker
Latest News
The 350 Per Cent Promise That Cost Her RM604,000
WikiFXIn-Depth Uniglobe Markets Commission Fees and Spreads Analysis – What Traders Should Really Know
WikiFXWikiFX's New Evaluation of ATM Capital LTD: Does its License Protect the Arab Investor?
WikiFXIs Axi Legit? A Data-Driven Analysis of Its Regulatory Standing and Trader Feedback
WikiFXHow a Fake Moomoo Ad Led to the “New Dream Voyage 5” Scam
WikiFXFXPesa Review: Are Traders Facing High Slippage, Fund Losses & Withdrawal Denials?
WikiFXTrive Investigation: High Score, Hidden Risk - The Profit Paradox
WikiFXCMC Markets Australia Revenue Surges 34%, But High-Net-Worth Clients Face Tax Phishing Threat
WikiFX"Just 9 More Lots": Inside the Endless Withdrawal Loop at Grand Capital
WikiFXGCash Rolls Out Virtual US Account to Cut Forex Fees for Filipinos
WikiFXCurrency Calculator
USD
CNY
Current Rate: 0
Amount
USD
Available
CNY
Calculate