7 minute read
Is Pocket Option Available in Saudi Arabia? A Comprehensive Review
from Pocket Option
Yes, Pocket Option is available in Saudi Arabia. Saudi traders can access the platform, register accounts, and trade various digital options, including forex, cryptocurrencies, stocks, and commodities. However, trading with Pocket Option in Saudi Arabia comes with important considerations regarding regulation, legality, and safe trading practices.
In this article, we’ll go straight to the point and cover everything you need to know:
Can you legally use Pocket Option in Saudi Arabia?
Is it safe?
What are the payment methods?
Are there any risks involved?
What are the alternatives?
Let’s dive into it.
💥 Trade with Pocket Option now: Open An Account or Visit Brokers 👈
Pocket Option: Available in Saudi Arabia, but Unregulated
Pocket Option is an international binary options and digital trading platform launched in 2017 by Gembell Limited. The platform is operated under the regulation of the IFMRRC (International Financial Market Relations Regulation Center)—a non-governmental body.
While Pocket Option is not regulated by the Capital Market Authority (CMA) of Saudi Arabia, it does accept users from the country. This means:
Saudi residents can register and use the platform freely.
However, Pocket Option does not operate under Saudi financial regulation, which can raise concerns for cautious investors.
So, while technically available, it's important to understand you are trading at your own risk in a jurisdiction where such platforms aren't officially regulated.
Is It Legal to Use Pocket Option in Saudi Arabia?
Trading on Pocket Option is not explicitly illegal in Saudi Arabia, but it exists in a legal gray area.
The Capital Market Authority (CMA), Saudi Arabia’s financial regulator, does not currently license or regulate binary options or international digital options brokers like Pocket Option. However, there is no law that bans individual residents from using such platforms.
This means:
Saudi citizens and residents are not breaking the law by using Pocket Option.
But they will not be protected by local financial regulations if the platform encounters problems.
Therefore, trading on Pocket Option in Saudi Arabia is legal for individuals, but unprotected.
Can You Trade in Arabic on Pocket Option?
Yes. Pocket Option supports the Arabic language on its platform interface, which is a big plus for Saudi users. The mobile app and web interface both offer Arabic translations, and customer support is also available in multiple languages, including Arabic.
This makes it accessible for native Arabic speakers who may not be fluent in English.
How to Register on Pocket Option from Saudi Arabia
Creating an account from Saudi Arabia is simple:
Visit the official website: Open An Account or Visit Brokers 👈
Click “Sign Up”
Enter your email and password or register using a Google/Facebook account
Confirm your email address
Verify your identity (KYC is required for withdrawals)
Pocket Option does not restrict Saudi IP addresses, and registration takes less than 5 minutes.
What Payment Methods Are Available for Saudi Traders?
Pocket Option offers a wide range of payment options that are accessible in Saudi Arabia:
Credit/Debit Cards: Visa and MasterCard work reliably.
E-wallets: Perfect Money, Advcash, and WebMoney.
Cryptocurrencies: Bitcoin, Ethereum, Litecoin, USDT, and others.
Bank Transfers: Not always available for Saudi users.
Local Payment Gateways: May be supported via third-party services.
Most Saudi users prefer using crypto or card payments due to ease of use and quick processing.
Minimum deposit: $5
Minimum trade amount: $1
Withdrawals usually take 1–3 business days, depending on the method.
Is Pocket Option Safe for Saudi Users?
This is a key question. The short answer: Yes, but with caution.
Pocket Option has been around since 2017 and has gained a large global user base. It offers:
2FA (two-factor authentication)
Secure HTTPS encryption
Fast deposits and withdrawals
Demo account for practice
No hidden fees
However, since it’s not regulated by any major financial authority like the FCA or CySEC, you don’t have legal protection if the company goes bankrupt or fails to process your funds.
That said, the platform has built a reasonably good reputation, but caution is advised—especially if you plan to invest large sums.
Does Pocket Option Offer Islamic Accounts?
No, Pocket Option does not officially offer Islamic trading accounts (swap-free accounts that comply with Shariah law).
This may be a concern for Muslim traders in Saudi Arabia who want to follow halal trading principles. While digital options don’t typically involve overnight swaps, some scholars debate whether binary options and digital options are compliant with Islamic finance rules.
If Shariah compliance is a priority for you, it may be better to look into regulated halal brokers that offer certified Islamic accounts.
What Are the Pros and Cons of Pocket Option in Saudi Arabia?
✅ Pros:
Available in Arabic
Low deposit ($5)
Accessible payment methods
Crypto-friendly
User-friendly mobile and web platforms
Quick registration and no IP restrictions
❌ Cons:
Not regulated by CMA or top-tier regulators
No Islamic (swap-free) account option
Legal protection is limited
Risk of losing all invested funds (binary options are high-risk)
What Are the Risks of Using Pocket Option?
Trading on Pocket Option—like any binary or digital options platform—comes with high risks:
All-or-nothing trades: You either profit a set percentage or lose your stake entirely.
Addictive nature: Fast-paced trades can lead to compulsive behavior.
Unregulated platform: No recourse if the broker refuses to process withdrawals.
Volatile markets: High chance of loss for inexperienced traders.
We recommend you:
Start with a demo account
Invest only what you can afford to lose
Avoid trading on emotion
Learn technical analysis before going live
Are There Alternatives to Pocket Option in Saudi Arabia?
Yes, several regulated and international platforms are available to Saudi traders:
1. IQ Option
Offers digital and binary options
Not CMA-regulated
Minimum deposit: $10
May restrict some GCC countries
2. Deriv
Offers synthetic indices, forex, and options
Regulated in multiple jurisdictions
More flexible than Pocket Option
Accepts Saudi users
3. Binance (for crypto trading)
Not for options, but good for spot/futures trading
Fully crypto-based
Available in Saudi Arabia
Offers Arabic support
4. eToro
Social trading platform
Regulated in several major countries
Offers Islamic accounts
May require VPN in some regions
5. AvaTrade or XM
Regulated brokers
Offer Islamic accounts
Focused on forex and CFDs
Not binary options
Final Verdict: Should You Use Pocket Option in Saudi Arabia?
If you're asking, "Is Pocket Option available in Saudi Arabia?" — the answer is yes, but it's not without risks.
Pocket Option provides a user-friendly, accessible platform for Saudi traders who want to explore digital options. However, due to its lack of local regulation and uncertainty around legal protections, it’s best suited for experienced or small-scale traders who understand the risks.
If you’re new to trading, consider starting with a demo account or using a regulated broker that offers more protection and educational resources.
Frequently Asked Questions (FAQs)
Q1: Can I withdraw money from Pocket Option to a Saudi bank?
Not directly. Most Saudi users withdraw to e-wallets or crypto wallets, then convert to SAR using local exchanges.
Q2: Is Pocket Option a scam?
No, Pocket Option is not a scam, but it's unregulated by major authorities, so caution is advised.
Q3: Can I trade on Pocket Option from my phone in Saudi Arabia?
Yes, the mobile app is available on iOS and Android and supports Arabic.
Q4: Is binary options trading halal?
Opinions vary. Some scholars consider binary options haram due to gambling-like structure. Always consult a local Islamic finance expert.
Conclusion
Pocket Option is fully available and functional in Saudi Arabia, offering an easy entry point for digital options trading. However, it's crucial to understand the legal gray area and unregulated nature of the platform.
Use it wisely, understand the risks, and if possible, start with a demo account before putting your money on the line.
💥 Trade with Pocket Option now: Open An Account or Visit Brokers 👈
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