FXPOCKETTRADE has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Where do I even begin with FXPOCKETTRADE? for close to eighteen months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Dedicated account manager|Transparent fees|Multiple order types|Helpful community forum
Cons: Search feature is basic|Account statements could be more detailed
Do not use FXPOCKETTRADE for anything serious. I used them for over three years for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Economic calendar|Risk management tools|Wide product range
Cons: Account statements could be more detailed
After spending for just over a year trying to make FXPOCKETTRADE work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Dedicated account manager|Responsive team|Real-time alerts
Cons: Wait times can be long during peak hours|Email notifications too frequent
After using FXPOCKETTRADE for nearly two years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Multiple order types|Two-factor authentication
Cons: Research section could be deeper|Slow to add new assets
FXPOCKETTRADE advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Competitive fees|Demo account available|Excellent charting|Great customer service
Cons: No dark mode on mobile|Minimum deposit could be lower
I was about to invest with FXPOCKETTRADE but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
I invested $15,000 with FXPOCKETTRADE after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Conduct Authority.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics