7 minute read
Is Pocket Option Available in UAE? A Comprehensive Review
from Pocket Option
Yes, Pocket Option is available in the UAE. Traders in the United Arab Emirates can access the Pocket Option platform without restrictions, create accounts, deposit funds, and start trading digital options. However, while access is granted, there are several legal, financial, and practical aspects UAE residents should understand before using this platform.
In this comprehensive review, we will cover everything you need to know about using Pocket Option in the UAE, including legality, account setup, deposit methods, pros and cons, and whether it’s the right fit for your trading goals.
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What Is Pocket Option?
Pocket Option is a global online trading platform launched in 2017 by Gembell Limited. It offers digital options trading (often called binary options), allowing users to predict short-term price movements in forex, crypto, stocks, and commodities.
The platform is known for its:
User-friendly interface
Low entry barrier ($5 minimum trade)
High payout rates (up to 92%)
Social trading features
Wide range of payment methods
But what about traders in the UAE? Is it legal? Safe? Practical? Let’s explore.
Is Pocket Option Legal in the UAE?
Technically, Yes — But It’s Not Regulated by the UAE
The UAE does not explicitly ban platforms like Pocket Option, and users from the country can access the site, register, and trade freely. However, Pocket Option is not regulated by any UAE financial authority, such as the Central Bank of the UAE or the Securities and Commodities Authority (SCA).
Instead, Pocket Option is regulated by the International Financial Market Relations Regulation Center (IFMRRC) — a non-governmental regulator not recognized by most major countries. This means:
The platform is not illegal in the UAE.
But it is not licensed or supervised by any local regulator.
As a result, you trade at your own risk.
So while UAE residents can legally use Pocket Option, they do so without the regulatory protections that come with UAE-based or internationally recognized brokers.
Can You Register and Trade from the UAE?
Yes, UAE residents can create accounts and start trading without using a VPN.
Here’s how it works:
Visit the official Pocket Option website.
Register using an email address or social account.
Verify your identity with documents (passport, ID, etc.).
Deposit funds using local or international methods.
Start trading on the web or mobile app.
No IP blocks or country restrictions apply for users in the UAE. Pocket Option accepts traders from nearly every country, with only a few exceptions (like the US or EU nations due to stricter regulations).
Deposit and Withdrawal Methods in the UAE
Pocket Option offers a wide range of deposit and withdrawal options that work well for UAE residents, including:
Credit/Debit Cards (Visa, Mastercard)
Crypto Wallets (Bitcoin, Ethereum, USDT, etc.)
E-Wallets (Skrill, Neteller, WebMoney)
Bank transfers (some local options may work depending on your bank)
There are no deposit fees, and withdrawals are usually processed within 24 hours (crypto is typically the fastest method).
Pro tip: Using crypto (like USDT or Bitcoin) can help avoid delays and minimize issues with local banks rejecting binary trading transactions.
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Is Pocket Option Safe for UAE Traders?
Safety is relative when using offshore trading platforms.
Pros (Safe Aspects):
SSL-encrypted website and app
Two-factor authentication (2FA)
Transparent trading interface
Active customer support (chat and email)
Cons (Risks):
No regulation by UAE or Tier-1 regulators (e.g., FCA, ASIC)
No investor protection in case of disputes
Binary options are high-risk and not suitable for all investors
If safety is your top priority, and you're seeking strong regulatory oversight, you may want to consider regulated forex brokers based in or licensed to operate in the UAE.
Key Features of Pocket Option for UAE Users
Here are the standout features UAE traders can expect:
1. Low Entry Barriers
Minimum deposit: $5
Minimum trade: $1
Demo account with $10,000 virtual funds
2. Multiple Assets to Trade
100+ forex pairs
Major cryptocurrencies (BTC, ETH, LTC, etc.)
Commodities like gold, oil
Global stocks and indices
3. Quick Trades
Expiry times from 60 seconds to several hours
Ideal for short-term traders
4. Copy Trading (Social Trading)
Follow and copy top-performing traders in real time
Great for beginners with no experience
5. Bonuses and Promotions
50% deposit bonus for new users
Frequent trading tournaments with real money prizes
Note: Always read the bonus terms — withdrawals may require volume conditions.
Who Should Use Pocket Option in the UAE?
Pocket Option is best suited for:
Beginner traders looking for simple, fast trades
Crypto-savvy users who prefer to deposit/withdraw in digital assets
High-risk tolerance investors seeking quick returns
Mobile-first users who want to trade on the go
It is not ideal for:
Investors looking for long-term portfolios
Traders who require deep technical analysis tools
People who prioritize regulation and legal protection
Residents looking to trade on UAE-approved platforms only
Alternative Trading Platforms in the UAE
If you're looking for regulated alternatives with better oversight and protections, consider:
eToro – Social trading platform with UAE access and strong global regulation
XM – Regulated by multiple authorities, including UAE SCA partnerships
AvaTrade – Offers both forex and options, licensed in Abu Dhabi Global Market (ADGM)
Saxo Bank – High-end brokerage with UAE offices and regulation
These platforms offer more transparency, higher safety standards, and stronger legal recourse in case of disputes.
Taxation for Pocket Option Users in UAE
The UAE currently has no personal income tax, and trading profits are generally not taxed for individual investors. However:
Businesses engaging in trading may be subject to corporate tax rules.
Keep accurate records of your profits and withdrawals.
Crypto earnings may be scrutinized depending on new tax laws or bank reporting requirements.
As of now, individual Pocket Option users in the UAE are not taxed on trading profits — but always consult a licensed tax advisor to be safe.
Final Verdict: Should You Use Pocket Option in the UAE?
Pocket Option is accessible and functional for UAE users, offering a fast, easy way to trade digital options with low starting capital. However, it's essential to understand the legal gray area and the inherent risks of binary options trading.
✅ Use Pocket Option if:
You're aware of the risks
You want fast-paced trading
You’re okay with using an offshore platform
You prefer crypto transactions or small deposits
❌ Avoid it if:
You want a fully regulated, locally licensed platform
You prefer long-term investing over short-term speculation
You’re risk-averse or unfamiliar with binary options
FAQs: Pocket Option in the UAE
1. Is Pocket Option legal in the UAE?
Yes, it's accessible and not banned, but it's not regulated by UAE authorities.
2. Can I use my UAE credit card to deposit?
Yes, though some banks may block trading-related transactions. Crypto or e-wallets are often more reliable.
3. Is Pocket Option regulated?
It’s regulated by IFMRRC, which is not a Tier-1 or UAE regulator.
4. Can I withdraw profits easily in the UAE?
Yes, especially with crypto. Bank withdrawals may take longer or be subject to bank scrutiny.
5. Is binary options trading safe?
It’s high-risk. You can lose your entire investment. Only invest what you can afford to lose.
Final Thoughts
Pocket Option provides a gateway for UAE traders to explore digital options trading. Its accessibility, simple interface, and crypto-friendly options make it attractive. However, its offshore regulation status and the volatile nature of binary options mean caution is essential.
Always do your own research, start with a demo, and never trade money you can’t afford to lose.
If you’re serious about trading as a long-term venture, consider looking into regulated brokers in the UAE — they might offer fewer thrills but provide more protection in the long run.
💥 Trade with Pocket Option now: Open An Account or Visit Brokers 👈
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