Pocket Option has recently updated its regulatory information and company profiles.
Previously, it claimed to be operated by Gembell Limited, a company whose registration with the Marshall Islands Registry (IRI) was canceled. It also claimed to be licensed by the International Financial Market Relations Regulation Center (IFMRRC), an institution that is suspected to be a fraudulent regulatory body.
The Belgian Financial Services and Markets Authority (FSMA) has included three web addresses associated with Pocket Option in its warning list of fraudulent investment platforms. Similarly, both the UK's Financial Conduct Authority (FCA) and the US' Commodity Futures Trading Commission (CFTC) also placed Pocket Option on their warning lists (the FCA warning list and the CFTC RED list).
Numerous investors have lodged complaints about Pocket Option and left negative reviews for this broker. These factors suggest that Pocket Option may not be a reliable platform.
However, Pocket Option has updated its details, stating that it is now operated by Infinite Trade LLC, which is registered with the Mwali International Services Authority (MISA) and appears to be legitimate. Despite this, it is crucial to conduct a thorough investigation before making any investment decisions. Given its past negative history, numerous bad reviews from clients, and warnings from three governmental financial regulators, it is advisable to exercise extreme caution and reconsider your choice.
For safer alternatives, consider forex brokers that are under strict supervision and have solid reputations. Always remember to conduct your own research and due diligence before investing.
