Is Pocket Option Legit?

@dipuo_kefilwe - 8 months ago - Forex Brokers

I have been seeing a lot of adverts on Pocket Option and I understand they a Binary Options Platform but I have also heard stories about them not being trustworthy. Please has anyone used Pocket Option before? what was it like and are they regulated?

@farah_zendaya - 8 months ago

Pocket Option is a binary options platform that is regulated by an unpopular regulator called the Mwali International Services Authority. They are a weak regulator and chances are they may not even be monitoring what Pocket Option is doing.

For a while Pocket Option was unregulated, I think they just had to get this license from Mwali after people raised concerns about their unregulated nature.

To answer your question, Pocket Option is legit because they are regulated but they remain a high risk trading platform so be cautious.