Gembell Limited, a company based in the Republic of the Marshall Islands, is responsible for the day-to-day operations of Pocket Option. The company’s official registration number is 86967, and the broker does have a license, but we’ll get into that and other details later in the analysis.
Examining Pocket Option:
The high payout rates offered by Pocket Option, which are close to 96%, set them apart as a top-tier trading platform. In addition to a diverse range of assets, traders can also choose from a large pool of digital currencies. This broker provides access to nearly 40 different cryptocurrencies, far more than any of its rivals, and 60 different assets, most of which are currencies.
Other Choices besides the Pocket Option
In and of itself, PocketOption is not a scam. They give off a dubious vibe, and we can’t tell if they’re serious or not. We think they could be more forthright regarding the minimum and maximum deposits.
We advise our readers and new traders to look elsewhere for a broker due to the inherent risks associated with this one and the peculiarity of its licensing. Markets.com and 24Option are two brokers with excellent conditions and platforms equally suitable for novices and seasoned day traders.
Protective Measures & Governmental Oversight
The International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands oversees Pocket Option. This Forex broker adheres to the Know-Your-Customer policy and the Anti-Money Laundering Policy to further prevent fraudulent activity. You can get Pocket Option promo codes 2022 by Traders Union.
How Reliable Is Pocket Option? Scam or Not?
When trading Forex with Pocket Option, you can rest assured that your personal information is secure and protected. The International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands oversees Pocket Option. This Forex broker also secures its customers’ identities and financial transactions by adhering to the Anti-Money Laundering Policy (A.M.L.) and the Know-Your-Customer Policy.
Benefits
- The International Financial Market Relations Regulation Center (IFMRRC) of the Marshall Islands oversees operations.
- Meets all requirements of the Anti-Money-Laundering Policy (A.M.L.)
- Uses the K.Y.C. Principles
Cons
- Despite its name, the International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands is not a legitimate financial authority.
Regulation
The International Financial Market Relations Regulation Center (IFMRRC) in the Marshall Islands is currently in charge of policing Pocket Option. This foreign exchange broker is a separate entity operating under the Gembell Limited moniker.
For those interested, Gembell Limited’s official address is Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960, and its registration number is 86967. IFMRRC is the organization responsible for overseeing Gembell Limited (License number TSRF RU 0395 AA Vv0141).
Protection
To put it simply, Pocket Option is a reliable Forex and C.F.D. broker where customers’ money and data are safe. Traders can feel safe with this Forex broker because they follow both A.M.L. and KYC guidelines. Further, to prevent fraudulent behavior, it is necessary to provide training on both Policies to all direct and indirect personnel.
Option Bonuses to Your Pocket
New traders at Pocket Option can receive a 50% welcome bonus on their initial investment. Though the 50% bonus is an excellent way to get started in the trading world, keep in mind that you won’t be able to cash it out until you’ve met a minimum trading requirement. Not only that, but the Pocket Option also provides extra incentives like rebates and discounts. There is a firm belief at Pocket Option that patient traders and loyal customers should be rewarded.
There are no hidden or additional costs associated with the Fees Pocket Option. Compared to other brokers in the trading sector, this Forex broker has unusually cheap trading and non-trading costs. In this review of Pocket Option, we’ll go through the various trading and non-trading costs you can expect to pay.
Costs of Trading
You won’t have to worry about commissions while trading in the Live Account because the Pocket Option doesn’t take a cut of your profits. In addition, Pocket Option rewards its most dedicated customers with cash-backs and discount vouchers.
As a result of using the Pocket Option, you can receive a payback bonus equal to 1 percent of your trading volume. You might anticipate handsome returns from trading costs. For instance, you can count on a 93% return if you invest in currency pairings.