PocketOption is an offshore broker that has secured a spot on FinTelegram’s Red Compliance List due to its dubious operations. Allegedly, PocketOption is managed by Infiniti Trade LLC, a firm with registration in Costa Rica. Similarly, PO Trade, closely linked with PocketOption, is run by PO Trade Ltd, which is based in St. Lucia. Trustpilot informs that it found fake reviews of PocketOption and deleted them. Stay far away.
The deployment of fake reviews underscores the manipulative tactics employed by these offshore brokers to fabricate a facade of credibility and trustworthiness.
Read our PocketOption reviews here.
Our investigations have raised significant concerns, especially with the surprisingly high ratings on Trustpilot for PocketOption. Despite previously boasting a “Great” trust level with a 3.9-star rating, Trustpilot has recently acknowledged the presence of numerous fake reviews for PocketOption, leading to their removal. This action validates our skepticism regarding the authenticity of their online reputation.
Moreover, PO Trade‘s still standing “Excellent” trust level with a 4.5-star rating on Trustpilot demands scrutiny. Given the pattern observed with PocketOption, there’s a strong case to suspect that the glowing reviews for PO Trade might not be entirely genuine. It’s imperative that such platforms are examined closely to prevent misleading potential users.
Given these findings, we reiterate our Red Compliance Rating for PocketOption and PO Trade for now. We will conduct a new review and consider downgrading to Black Compliance, as the use of fake reviews is likely to qualify as fraud. We urge traders to exercise utmost caution and steer clear of these platforms. The allure of favorable online ratings should not overshadow the fundamental need for regulatory compliance and transparent operations.
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If you have any information about PocketOption or PO Trade, please let us know via our whistleblowing system, Whistle42.
