Is Pocket Legal in US? – Complete Guide

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Today…In this article, I am going to talk about one of the most popular trading platforms i.e Pocket Option. In this article, I will cover the most asked questions regarding the same such as Is Pocket Option Legal in US?, Is Pocket Option Regulated?, Is Pocket Option available in USA? & more

About

Pocket Option is one of the most popular trading platforms that came into existence in the year 2017. In just 4 years, this platform has gained huge success and popularity currently they are one of the most downloaded trading apps from the Google Play Store. A team of talented it and Fintech specialists founded this platform. The main goal of this platform was to make trading for traders cheap and easy. currently, this platform has over 30 million active users from over 95 countries and regions. The platform is CFD (Contract for difference) – based. It means that by opening a deal you will have an outcome based on the changes in the price of an asset without acquiring it. when opening a deal on this platform you need to make predictions about the direction of price development and opening a deal correspondingly. The outcome of the deal will depend on the direction of the price that a trader chooses and the actual direction the price moves.

Is Pocket Option Regulated?

Pocket Option is a CFD and forex broker that came into existence in 2017. In just four years, this platform has gained huge popularity and is currently one of the most downloaded apps in the Google Play Store. This platform is owned by Infinite Trade LLC and is regulated by ( IFMRRC).

In case you don’t know:

International Financial Market Relation Regulation Center ( IFMRRC ) is a non-commercial organisation created to regulate the quality of services provided by brokers and deal centres, as well as the reliability of services provided by participants of the cryptocurrency market: cryptocurrencies, cryptocurrency exchange markets, cryptocurrency cloud mining services and companies.

The centre employs certification of the financial organisation to achieve its statute purpose.

The certified companies are guaranteed to comply with IFMRRC conditions for the provision of fair and high-quality services to their clients.

Is Pocket Option Legal in the US?

I get a lot of questions regarding the legality of Binary Brokers in the U.S.

Well, don’t worry today, in this article I will cover everything regarding the same.

In the U.S., It’s perfectly legal to trade Binary Options and for traders to register with any broker including Pocket Option.

However, Offshore companies may need to get certified and get a license from the Commodity Futures Trading Commission (CFTC).

Is Pocket Option available in the USA?

Pocket option is available in multiple countries including offering services that meet a variety of trading preferences. Now talking about the United States, the situation is a bit more complex due to regulatory considerations. I have been working with Pocket Option since 2019 and what I have seen is that they allow users from the United States. Traders from the United States can freely start trading and making Investments in the Pocket Option trading platform.

Final Point

Pocket Option is one of the most popular trading platforms that came into existence in the year 2017 which also makes it one of the newest trading platforms.

However, This platform in just 4 years, has gained huge popularity and success as one of the most downloaded trading platforms in the Google Play Store. Talking about the legality of the platform, This platform is the CFD broker and forex broker. This platform is owned by Gembell Ltd. and regulated by (IFMRRC).

In the United States, It’s perfectly legal to trade in Binary Options & Forex platforms like Pocket Option you can start for as low as $10.