Notice!: Trading Binary Options with a non-regulated broker carries risk. It is highly recommended to Start trading a regulated broker.
Is Pocket Option A Scam?
The brokerage is quite new but so far nothing points towards them being a scam. They are not regulated by a well known financial watchdog like the CySEC or FCA, but I will take their regulation (IFMRRC) any day instead of no regulation at all. I see they are transparent, which is always a good thing but on the other hand, they don’t offer information about the exact launch date (which is probably sometime in 2017) and their website contains some mixed information about the minimum sums for withdrawal and deposit. However, that alone doesn’t make them a scam.
Pocket Option Bonus
The bonus is 100% for a minimum of 50 USD deposit. However, I haven’t found anything about turnover requirements in their FAQ section or in their Terms and Conditions. I contacted Live Chat and although a representative joined almost instantly, he/she did not speak to me at all.
Pocket Option Withdrawal
According to their Terms and Conditions, the minimum withdrawal is 1 account unit. According to the FAQ, the minimum is 10 USD. Either way, it’s a low amount. The number of withdrawal methods is huge: about 50!