History of Violations and Irregular Activities of Pocket Option
- May 7, 2023: According to BrokersView, Pocket Option is an unregulated broker.
- July 24, 2024 (update):
+ The only license that Pocket Option claimed to hold, issued by the Mwali International Services Authority (MISA), has been revoked.
+ This means the company is providing financial services without legitimate oversight.
+ Three major financial regulators have flagged Pocket Option for operating without the necessary authorization:
- FCA (Financial Conduct Authority – UK)
- FSMA (Financial Services and Markets Authority – Belgium)
- CFTC (Commodity Futures Trading Commission – US)
Historical Information:
Pocket Option claimed to be operated by Gembell Limited, registered in the Marshall Islands (IRI) under number 86967. However, IRI records show that the company has been dissolved.
On its website, Pocket Option also stated that Gembell Limited was regulated by the International Financial Market Relations Regulation Center (IFMRRC). In reality, IFMRRC does not regulate entities engaged in forex activities.
In other words, Pocket Option is not subject to any valid regulatory supervision.
Conclusion:
Pocket Option is an unregulated broker with significant risks. Entrusting funds to this company means no legal protection for investors. Multiple signs suggest that it is likely a scam operation.
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