UTrada
UTrada Limited36.5Regulated
MalaysiaEst. 2018LFSA
1:5002 Platforms2 licences
Is Pocket Trader a scam?
Wikilix independent safety report
0%Scam riskScam risk is our overall estimate that this broker is unsafe, from 0% (safe) to 100% (almost certainly a scam). It blends the six risk areas below, weighted by how strong the evidence is. Higher means riskier.
High risk (unverified)Our overall call, based on the evidence we could verify. From safest to worst: Appears legitimate, Insufficient evidence, High risk (unverified), Likely scam, Confirmed scam. A separate "Not a broker" verdict is used when it does not really offer trading.Confidence: MEDIUMHow sure we are of this verdict, based on how much solid, checkable evidence we found. Shown as Low, Medium or High.
3.5/5Safety rating 3.5 out of 5
The Wikilix safety rating, from 1 to 5 stars. It mirrors the scam risk (5 = safest, 1 = riskiest), so a higher risk percentage means fewer stars.We found no evidence that Pocket Trader is a scam. It held genuine licences from two regulators, and we confirmed both on the regulators' own registers. The problem is different: the business appears…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation5/10 · ModerateIs it overseen by a strict, well-known financial regulator? Offshore-only or missing licences score higher.Scored 0 (clean) to 10 (worst). This area is 5/10 (Moderate).Identity & transparency3/10 · LowHow openly it shows who and where it is (legal entity, address, owners). Hidden details score higher.Scored 0 (clean) to 10 (worst). This area is 3/10 (Low).Withdrawals & conduct2/10 · LowCredible reports of clients being unable to withdraw their money. More such reports score higher.Scored 0 (clean) to 10 (worst). This area is 2/10 (Low).Reputation5/10 · ModerateWhat independent reviews, regulators and watchdogs say about it. A poor track record scores higher.Scored 0 (clean) to 10 (worst). This area is 5/10 (Moderate).Website claims3/10 · LowWhether the site claims (awards, years active, licences) actually check out. False claims score higher.Scored 0 (clean) to 10 (worst). This area is 3/10 (Low).Operational history5/10 · ModerateHow long and how consistently it has genuinely operated. Brand-new or murky history scores higher.Scored 0 (clean) to 10 (worst). This area is 5/10 (Moderate).
Broker Summary
Summary of the broker
Pocket Trader is a retail forex and CFD brand operated by Pocket Trader (Malaysia) Limited, a Labuan company limited by shares registered under number LL16603 at Kensington Gardens, No. U1317, Lot 7616, Jalan Jumidar Buyong, Victoria, 87000 Federal Territory of Labuan, Malaysia. The company is recorded as active on the Legal Entity Identifier record validated at the Corporate Online Registry of the Labuan Financial Services Authority, with the entity created on 11 February 2020.
Regulation. No financial services licence is on record for this brand or for the entity behind it. A Labuan company registration confirms only that the company exists; it is a corporate filing, not permission to hold client money or to deal in forex and CFDs. Nothing we could open shows an authorisation from the Labuan Financial Services Authority or from any other financial regulator, and no licence number is published anywhere we could reach. Clients dealing with an unlicensed operator have no regulatory complaints route, no segregated-funds requirement and no compensation scheme behind their deposits.
Offering. The brand's official website at www.pocket-trader.com does not currently resolve, so no account tiers, spreads, leverage, minimum deposit, instrument counts, trading platforms, funding channels or support hours can be documented. We publish no numbers here rather than numbers we could not read. The brand maintains public social accounts on Facebook and Instagram.
Who it suits. On the evidence available, no one. A broker whose website is offline and whose regulatory standing is unestablished offers a prospective client nothing verifiable to assess and no way to withdraw funds if something goes wrong. Anyone already holding a balance should attempt withdrawal and document every request.
Caveats. Our assessment reflects what could be verified at the time of review. Because the site was unreachable, the commercial side of this profile is deliberately empty rather than estimated, and the corporate registration is the only fact here that is independently confirmed.
Regulatory Licenses
Compliance & oversight
2 licenses
LFSATier 3
Labuan Financial Services AuthorityMalaysiaTier 3A money-broking licence issued by Malaysia's Labuan midshore regulator, permitting foreign exchange broking from the Federal Territory of Labuan. It is genuine regulation, but mid-tier. Client protection: Limited. Labuan FSA supervises licensees and publicly restricts those that breach capital or conduct rules, but there is no compensation scheme that repays retail clients if money goes missing..
Regulated
LFSATier 3Tier 3
Labuan Financial Services Authority
Malaysia
A money-broking licence issued by Malaysia's Labuan midshore regulator, permitting foreign exchange broking from the Federal Territory of Labuan. It is genuine regulation, but mid-tier. Client protection: Limited. Labuan FSA supervises licensees and publicly restricts those that breach capital or conduct rules, but there is no compensation scheme that repays retail clients if money goes missing..
Regulated
License Details
Type:N/A
License #:MB/20/0058
Status:Regulated
Validity
Effective:N/A
Expires:N/A
Verified on registerListed as a current licensed money broker on the Labuan FSA directory, and absent from the regulator's restriction list
What our check found
A money-broking licence issued by Malaysia's Labuan midshore regulator, permitting foreign exchange broking from the Federal Territory of Labuan. It is genuine regulation, but mid-tier. Client protection: Limited. Labuan FSA supervises licensees and publicly restricts those that breach capital or conduct rules, but there is no compensation scheme that repays retail clients if money goes missing..
Last checked Aug 19, 2026
FSATier 3
The Seychelles Financial Services Authority SeychellesTier 3A securities dealer licence held by the sister company Pocket Trader (Seychelles) Limited, allowing dealing in securities and contracts for difference from the Seychelles. Client protection: Weak. Offshore securities-dealer licensing with no compensation scheme and little practical recourse for retail clients based elsewhere..
Offshore
FSATier 3Tier 3
The Seychelles Financial Services Authority
Seychelles
A securities dealer licence held by the sister company Pocket Trader (Seychelles) Limited, allowing dealing in securities and contracts for difference from the Seychelles. Client protection: Weak. Offshore securities-dealer licensing with no compensation scheme and little practical recourse for retail clients based elsewhere..
Offshore
License Details
Type:N/A
Status:Offshore
Validity
Effective:N/A
Expires:N/A
Verified on registerListed as a current securities dealer on the Seychelles FSA capital markets register, under the sister entity Pocket Trader (Seychelles) Limited
What our check found
A securities dealer licence held by the sister company Pocket Trader (Seychelles) Limited, allowing dealing in securities and contracts for difference from the Seychelles. Client protection: Weak. Offshore securities-dealer licensing with no compensation scheme and little practical recourse for retail clients based elsewhere..
Last checked Aug 19, 2026
0
Tier 1
2
Countries
1
Offshore
Account Types
Trading account options
No Account Types
Account type information is not available for this broker yet.
Funding Methods
Deposit & withdrawal options
No Funding Methods
Funding method information is not available for this broker yet.
Social Presence
Digital community engagement
3 platform
Corporate Network
Enterprise structure & relationships
1 entities
Pocket Trader (Malaysia) Limited
Malaysia
active
Registration
LL16603
Established
2020-02-11
Company Registration
Legal entity checked against the official company registry
Legal entity
Pocket Trader (Malaysia) Limited
Jurisdiction
Malaysia
Registry
GLEIF Global LEI Index
Registered address
Office No.1, Kim Business Centre 2, Unit F28, 1st Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan F.T, Malaysia
From our latest investigation · Verified Aug 19, 2026
View on official registry
Comments
Share your thoughts and experiences with Pocket Trader