Pocket Trader Limited Review: Is Pocket Trader Limited scam or legit
Pocket Trader Limited, at https://pocket-trader.com/en, is a brokerage firm that has been recently called to our attention due to several disturbing matters.
SC Warned Pocket Trader Limited
The Securities Commission Malaysia (SC) lists Pocket Trader Limited in its Investor Alert List, which means that the organization is not allowed to conduct financial services within Malaysia. The notice tells investors that they should think seriously about the risks of using an unlicensed entity.
Website Down
The last available checks show that the site of Pocket Trader Limited (https://pocket-trader.com/en) is down. Because unreliable brokerage firms are hardly ever online, the inaccessibility is raising concerns about the operational status and reliability of the firm.
Suspicious Regulation License
An investigation into Pocket Trader Limited’s regulatory status revealed that this company does not have any kind of valid regulation with a recognized financial authority. Sources suggest that the company operates without any proper regulation, which is a serious concern for any prospective investor.
Conclusion
Under such circumstances, and in the light of SC’s warning, the website of Pocket Trader is currently unreachable, and the company lacks any credible regulation. This calls for extreme caution before any investor contemplates dealing with Pocket Trader Limited. Dealing with unregulated brokers involves immense risks, including the loss of capital invested. Due diligence is a must, and they should only transact with regulated brokers recognized by well-known financial authorities.
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