Risk scorecard
Each area is scored 0 (clean) to 10 (worst). Higher means more risk.
Regulation
5/10 · ModerateTwo licences confirmed on the issuing regulators' own registers with entity and domain matching, but both are offshore with no compensation scheme.
Identity & transparency
3/10 · LowReal named company, verified Labuan address, named principal officer, active LEI and a LinkedIn page whose website field matches the anchor domain.
Withdrawals & conduct
2/10 · LowNo fund-integrity complaints found on any platform; the single review found concerns a deposit crediting delay, which is a service issue.
Reputation
5/10 · ModerateAlmost no community footprint at all: zero Trustpilot reviews and no user reports, so neither trust nor distrust can be evidenced.
Website claims
3/10 · LowThe site made no regulatory or age claims and disclosed withdrawal and anti-money-laundering terms plainly, with no guaranteed-profit language.
Operational history
5/10 · ModerateDomains date to 2019 and the licence to 2020, but the company itself could not be dated and the operation has been offline since 2024.
Who they are
A quick desk file on the company behind the brand.
- Brand: Pocket Trader, marketed as a social forex trading platform
- Legal entity: Pocket Trader (Malaysia) Limited, with a sister company Pocket Trader (Seychelles) Limited
- Registered: Office No.1, Kim Business Centre 2, Unit F28, 1st Floor, Paragon Labuan, Jalan Tun Mustapha, 87000 Labuan F.T, Malaysia
- Website: pocket-trader.com, plus the app domain pockettrader.app. Both are currently offline.
- Licences: Labuan FSA money-broking licence MB/20/0058, and a Seychelles FSA securities dealer licence held by the Seychelles company
- Offered: CFDs on forex and commodities, a social trading feed, a demo account with 10,000 US dollars of virtual funds, and mobile apps
- Not accepted: cash, cheques and third-party payments. Withdrawals were paid back only to the account that funded the deposit.
- Age claim: none. The site never advertised a founding year.
- Named officer: Mr. Pak William Eui Won, listed on the Labuan FSA register as director and principal officer
Regulation
Who really oversees this broker, and what each licence is worth to you.
Proof of regulation on an official register: Yes
We confirmed this broker on a genuine regulator’s register.
Labuan Financial Services Authority
The Seychelles Financial Services Authority
Why we reached this verdict
How the evidence adds up.
This is a risk rating, not an accusation. Here is what drove it.
- The regulation is real. We opened the Labuan FSA directory and found Pocket Trader (Malaysia) Limited under money brokers, with the company email [email protected]. That is the strongest kind of check we run, because it links the licence to the exact website rather than just to a similar name. We then found Pocket Trader (Seychelles) Limited on the Seychelles FSA securities dealer register.
- But both licences are offshore and thin on protection. Labuan and Seychelles both supervise their licensees, and Labuan FSA does restrict firms that fall short. Neither runs a compensation scheme. If client money goes missing, there is no fund that pays you back.
- The business is dark. pocket-trader.com and pockettrader.app both have no active address record, so nothing loads. Trustpilot has closed the review page for this domain with a note that the company's website has shut down. Our archived copies show the site running normally as late as September 2024.
- Nobody has publicly said they lost money. We looked across Trustpilot, a broker review aggregator and a third-party broker directory. We found zero complaints about withdrawals, frozen accounts or demands for extra payments. The one review we found describes a deposit taking three to four hours to credit, which is a service issue, not a loss of funds.
- The near-total silence cuts both ways. No complaints is reassuring. But with essentially no reviews at all, we also cannot show that clients were paid out when the service wound down. That unresolved question is what keeps this above a clean rating.
- The owners have not walked away. Both domains were bought in the same minute on 2 January 2019 and are paid up until 2027, and the Labuan licence is still current and unrestricted. That looks more like a business that stopped trading than one that ran off.
- One caution on the age figure. Labuan's company registry is not open to the public, so we could not date the company itself. The roughly seven-year history rests on the domain registrations alone, which makes it an upper bound rather than a confirmed track record.
We also want to be explicit about a trap we avoided. Searches for this brand return a flood of complaints about Pocket Option, Pocket Broker and PO Trade. Those are separate businesses on different domains. None of their history has been counted against Pocket Trader.
Evidence ledger
Every finding, with its source and how strongly it points.
E1Pocket Trader (Malaysia) Limited is listed as a licensed money broker on Labuan FSA's own financial institutions directory, and the entry gives the company email as [email protected], tying the licence to this exact website.
Hard proofLabuan Financial Services AuthorityE2Pocket Trader (Seychelles) Limited appears in the securities dealer section of the Seychelles FSA capital markets register, confirming a second genuine licence within the group.
E3Labuan FSA's business restriction notice dated 8 June 2026 names 33 restricted licensees. Pocket Trader is not among them, so its licence is current and unrestricted.
E4The global legal entity identifier record for Pocket Trader (Malaysia) Limited is active, first registered on 25 February 2020, and places the company in the Federal Territory of Labuan, Malaysia.
ModerateGLEIF global LEI indexE5The domain pocket-trader.com was registered on 2 January 2019 through GoDaddy and is paid up until January 2027, showing the owners have kept the registration current.
E6The app domain pockettrader.app was registered on 2 January 2019 within ten seconds of the main domain, confirming both belong to the same owner, and it is also paid up to 2027.
ModerateGoogle Registry domain recordE7Public address lookups for pocket-trader.com return no active record, so the website serves nothing and the platform cannot currently be reached by clients.
ModeratePublic DNS lookupE8Trustpilot's page for pocket-trader.com carries no reviews at all and states that reviews can no longer be left because the company's website has closed. The profile was claimed in July 2024 and lists Malaysia as the location.
ModerateTrustpilotE9The broker's own archived homepage and help pages carry no regulatory claim, no founding-year claim and no guaranteed-profit language, and disclose that withdrawals return only to the depositing account after anti-money-laundering checks.
E10The company's LinkedIn page lists its website as pocket-trader.com and reports 11 to 50 employees in Malaysia, matching the identity on the regulator's record.
ModerateLinkedIn company pageE11A broker review aggregator records the same Labuan address as the regulator, names the Labuan licence MB/20/0058 and a Seychelles FSA licence, and carries a single user review describing a deposit that took three to four hours to credit.
The other side
The strongest case in this broker’s favour.
The case that this broker was straight with its customers is strong, and worth stating plainly.
- It did not fake its credentials. Both licences exist and we verified them at the issuing regulators, not at a review site.
- It made no regulatory boasts at all. The pages we recovered contain no licence badges, no claims of tier-one oversight and no invented founding year. Most fake brokers oversell exactly these things.
- Its published terms read like a real compliance department wrote them. Withdrawals were returned only to the depositing account, third-party payments were refused, and anti-money-laundering checks were disclosed up front as a possible cause of delay.
- There are no guaranteed-profit promises, no bonus clauses locking up client balances and no crypto-only deposit funnel. Funding was by bank transfer.
- The company is a real, staffed business. It listed 11 to 50 employees, names a director and principal officer on the regulator's own record, holds an active legal entity identifier and took institutional investment.
- It is absent from every warning and enforcement list we checked, including Labuan FSA's own restriction list, which does name 33 other licensees.
- The complete absence of withdrawal complaints is meaningful. Brokers that steal client money on the way out generate loud, specific, dated complaints. We found none.
On the evidence we have, the most likely explanation is an ordinary shutdown of a small licensed startup, not fraud.
What would change this
What we would need to see to revise the verdict.
This rating is provisional and a few specific findings would move it.
- Toward a clean rating: credible reports from former clients confirming their balances were returned when the platform closed, or a public wind-down notice from the company or Labuan FSA.
- Toward a clean rating: the site coming back online under the same licensed entity and operating normally.
- Toward a scam rating: any credible, specific account of a client being unable to withdraw, especially one describing a demand for a tax, fee or unlock payment before funds were released.
- Toward a scam rating: the appearance of Pocket Trader on a regulator warning list, or on Labuan FSA's business restriction list.
- Toward a scam rating: either licence being shown as cancelled or revoked while the brand keeps taking deposits somewhere else.
- Toward a scam rating: the brand reappearing on a new domain that quietly reuses these licence numbers.
- Publication of the incorporation date for Pocket Trader (Malaysia) Limited would also firm up the track record, which currently rests on domain registrations alone.
Check it yourself
Official registers and warning lists. Verify every claim first-hand.
Labuan FSA financial institutions directory, money brokers
The regulator's own list where Pocket Trader (Malaysia) Limited appears as a licensed money broker.
Seychelles FSA capital markets register, securities dealers
Shows Pocket Trader (Seychelles) Limited among current securities dealers.
Labuan FSA business restrictions on licensed entities
The regulator's restriction list. Pocket Trader is not on it.
Global LEI record for Pocket Trader (Malaysia) Limited
Independent corporate record confirming the company and its Labuan address. This proves the company exists, not that it is licensed.
Frequently asked questions
Quick answers about this broker’s safety.
Is Pocket Trader a scam?
We found no evidence that it is. It held real licences from Labuan FSA and the Seychelles FSA, and we confirmed both on the regulators' own registers. No regulator has issued a warning about it and no client has publicly reported losing money. The real issue is that the business appears to have shut down.
Is Pocket Trader regulated?
Yes, it was. Pocket Trader (Malaysia) Limited holds a money-broking licence from the Labuan Financial Services Authority in Malaysia, and a sister company holds a securities dealer licence from the Seychelles FSA. Both are offshore licences, which means lighter protection than a UK or Australian licence.
Why does the website not load?
The domain pocket-trader.com is still registered but has no active address record, so nothing is served. Our archived copies show the site working as late as September 2024. Trustpilot has since closed its review page with a note that the company's website has shut down.
Can I still withdraw my money?
There is no working website or app, so there is no self-service route. Write to the company using the email on the Labuan FSA record and keep copies. If you get no answer, complain to Labuan FSA, which licensed the company.
Was my money protected?
Not by any compensation scheme. Neither Labuan nor the Seychelles runs a fund that reimburses retail clients. Both regulators supervise their licensees and can restrict them, but that is not the same as insuring your balance.
Who owned Pocket Trader?
The operating company is Pocket Trader (Malaysia) Limited, registered in the Federal Territory of Labuan, Malaysia. The Labuan FSA record names Mr. Pak William Eui Won as director and principal officer. The company reported 11 to 50 staff and had taken institutional investment.
How old is Pocket Trader?
Its two domains were both registered on 2 January 2019, and its Labuan licence number points to 2020. That gives roughly seven years. Labuan's company registry is not public, so we could not confirm the incorporation date, which makes the seven-year figure an upper bound.
Is Pocket Trader the same as Pocket Option or Pocket Broker?
No. Pocket Option, Pocket Broker and PO Trade are separate businesses on different websites. They attract many withdrawal complaints, but none of those complaints relate to Pocket Trader and we have not counted any of them here.
Is Pocket Trader a clone of another broker?
No. We checked the licence against the register and the register lists the company's own email at pocket-trader.com. The credentials belong to this operation, not to some other firm whose identity was borrowed.
What is a Labuan money-broking licence worth?
It is genuine regulation but mid-tier. Labuan FSA is a real statutory regulator that publishes and enforces restrictions against licensees that breach capital or conduct rules. It offers far less protection than a tier-one regulator, and no compensation scheme.
Did Pocket Trader lie about being regulated?
No. Unusually, the site made no regulatory claims at all. We found no licence badges, no false claims of tier-one oversight and no invented founding date. Its licences were real but barely advertised.
What should I check before depositing with any broker?
Look up the licence number on the regulator's own register, not on the broker's website. Check that the register entry names the same company and the same website you are using. Then check the regulator's warning and enforcement lists, and search for withdrawal complaints using the exact domain name.
What we recommend
The practical takeaway from everything above.
What we suggest, depending on your situation.
- Do not send money. The platform is offline. There is no working way to open or fund an account, and any site or person currently inviting you to deposit with Pocket Trader should be treated as an impostor.
- If you still hold a balance, write to the company at the email on the regulator's record and keep a copy of everything you send.
- If you get no reply, complain to Labuan FSA. It licensed the company, it publishes restrictions against licensees that fall short, and a complaint from a real client is exactly what triggers that.
- Keep your paperwork. Deposit receipts, statements and support tickets are what any regulator will ask for first.
- Ignore anyone offering to recover your funds for an upfront fee. That is a well-known follow-up scam that targets clients of closed platforms.
- Do not confuse this with similarly named platforms. Pocket Option, Pocket Broker and PO Trade are unrelated businesses, and complaints about them say nothing about this company.
- For our own records, the broker profile should be corrected from unregulated to offshore, since two licences were confirmed.
This is an independent assessment of risk, not a legal ruling. Scores and verdicts follow the Wikilix broker-safety methodology and can change as new evidence appears. Review scores are treated with caution when a broker’s reviews look manipulated. Last reviewed August 19, 2026. If any detail here is out of date or incorrect, or you represent this broker, please contact us.