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Introduction to Pocket Option Review:
Despite many websites publishing good reviews about Pocket Option, we continued to get complaints hinting at pocketoption.com Scam. Upon investigating into the working of the company, we were shocked to see the number of red flags that Pocket Option has very carefully hidden underneath the mask of lies. Pretending to be a legitimate brokerage firm, Pocket Option has been successful in trapping a lot of people in their scam. If you are here to know whether Pocket Option is a scam broker or a legitimate broker like many of the websites say, read the full Pocket Option review and find it out yourself.
Name: Pocket Option
Address: Saint Lucia
Blacklisted: Financial Conduct Authority (FCA)
Leverage Offered: Not Disclosed
Minimum Initial Deposit: $50
Pocket Option Review:
In this section of the pocketoption.com review, we will be revealing all the red flags raised against the Pocket Option scam.
POCKET OPTION LIES ABOUT HAVING A LICENSE
Pocket Option claims on their website that they are a regulated brokerage firm. However, a little investigation revealed that the situation is much worse. We got to know that Pocket Option is not actually regulated by any of the reputed regulatory authorities and therefore the company is UNREGULATED. This brings us one step closer to the Pocket Option scam in this Pocket Option review.
THE POCKET OPTION IS BLACKLISTED
Another major red flag that our experts found out was that Pocket Option is actually blacklisted by one of the top-tier regulatory authorities. The Financial Conduct Authority or the FCA is the regulation of the UK. The regulation recently released a warning statement against Pocket Option stating that Pocket Option is a potential scam and warns the traders to stay away from this potential threat.
TRICKY MINIMUM INITIAL DEPOSIT
Another problematic aspect that we found in Pocket Option is that although on the website, Pocket Option claims to demand $50 was their minimum initial deposit, the reality is much worse. Upon registering with them, Pocket Option will ask their traders to deposit a huge amount of $1000 in order to trade with MetaTrader 5. This is one of their tricks to extort more money from the innocent victims of the Pocket Option scam.
ALMOST IMPOSSIBLE WITHDRAWAL FOUND IN POCKET OPTION REVIEW
Out of the many complaints and negative reviews we received against Pocket Option, the most common complaint was that Pocket Option does not let the customers withdraw their money. The withdrawal procedure is described to be very slow and if the customer intends to go to the customer support for help, that is also of no use. The support team will reply at least after 48 hours which makes it imperative that the Pocket Option scam has no intention of taking good care of their customers.
Conclusion: Is Pocket Option really a scam?
To sum up, all that has been stated above, we leave it upon you to decide whether Pocket Option is a scam broker or a legitimate broker. However, as Pocket Option is a blacklisted and unregulated brokerage firm, we request our readers to steer clear. If you are one of the unfortunate victims of Pocket Option, we are here to help you out. Share your scam story with us and we will assist you in fund recovery. Read Octalsecurehub Review here.
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