Pocket Exchange Option 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.
After for about five months with Pocket Exchange Option I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Dedicated account manager|Clean UI
Cons: Limited social trading features|Wait times can be long during peak hours
Pocket Exchange Option offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Personal attention|Fast execution|Professional team
Cons: Account statements could be more detailed
I opened an account with Pocket Exchange Option since I opened my account last year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Two-factor authentication|Dividend tracking|Multiple order types
Cons: Spreads widen during volatile periods|Alert system is basic
If you are reading this considering Pocket Exchange Option - run. I wish I had read more negative reviews through a financial advisor. I thought the positive ones were real. Maybe some are. My experience over for a couple of months now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Excellent charting|Clear documentation|Great customer service|Personal attention
Cons: Minor UI glitches occasionally
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Pocket Exchange Option has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database