Score
South Africa
|
1-2 years
| https://pocket-broker.com/
Website
Rating Index
Influence
B
Influence index NO.1
Pakistan 4.24
LicensesLicensed Entity：FRONTIER MARKETS (PTY) LTD
License No. 53333
South Africa
pocket-broker.com Czech Republic| Pocket Broker Review Summary | |
| Founded | 2017 |
| Registered Country/Region | South Africa |
| Regulation | FSCA (Suspicious Clone) |
| Market Instruments | Shares |
| Demo Account | / |
| Min Deposit | $1 |
| Customer Support | In-browser platform only (no MT4/MT5/cTrader mentioned) |
| Support Desk (built-in)Community ChatNo phone or email listed clearly | |
Registered in South Africa, Pocket Broker, founded in 2017, says to provide worldwide share trading with extremely low entrance criteria. The FSCA marks it as a dubious clone and it seems to be improperly controlled. Though there is little openness, the site encourages low pricing, no registration expenses, and a broad variety of payment options.
| Pros | Cons |
| Very low minimum deposit ($1) | Suspicious clone |
| No platform or registration fees | Only supports share trading |
| Wide range of deposit methods supported |
No, Pocket Broker is not legitimate. It is flagged as a Suspicious Clone by the Financial Sector Conduct Authority (FSCA) of South Africa. The regulatory document shows that the license belongs to a different company.
| Regulatory Status | Suspicious clone |
| Regulated by | South Africa – FSCA |
| Licensed Institution | Frontier Markets (Pty) Ltd |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 53333 |
Pocket Broker provides share trading on hundreds of businesses across worldwide markets. Users of the site can trade on the market price of shares—like Tesla, Apple, Microsoft—without really holding the stock.
| Tradable Instruments | Supported |
| Shares | ✅ |
| Indices | ❌ |
| Forex | ❌ |
| Commodities | ❌ |
| Crypto | ❌ |
| ETFs | ❌ |
With features like free registration and no platform fees, Pocket Broker says to provide low-cost trading that can appear less expensive than industry norms. These assertions, meanwhile, should be taken with doubt considering the broker's questionable regulatory status—a clone license—and consumers should exercise caution.
| Non-Trading Fee Type | Fee Details |
| Deposit Fee | Not mentioned |
| Withdrawal Fee | Not mentioned |
| Inactivity Fee | Not mentioned |
| Platform Fee | Free |
| Registration Fee | Free |
Investments may begin from as little as $1; Pocket Broker says no deposit or withdrawal fees. The platform claims to support over 50 worldwide and local payment methods, including significant ones like Visa, Mastercard, JetonBank, UPI, M-PESA, and others.
| Method | Min. Deposit | Fees | Processing Time |
| Visa / Mastercard | $1 | Not mentioned | Not mentioned |
| Jetonbank | $1 | Not mentioned | Not mentioned |
| Pix | $1 | Not mentioned | Not mentioned |
| UPI | $1 | Not mentioned | Not mentioned |
| M-PESA | $1 | Not mentioned | Not mentioned |
| MTN | $1 | Not mentioned | Not mentioned |
| Easypaisa | $1 | Not mentioned | Not mentioned |
| bKash | $1 | Not mentioned | Not mentioned |
| Volet | $1 | Not mentioned | Not mentioned |
Does Pocket Broker ask you to verify the payment method repeatedly as you request fund withdrawals? Does the South Africa-based forex broker disallow you the same despite multiple verifications? Does your Pocket Broker forex trading account get blocked without any reason? Do the prices shown on the Pocket Broker login vary from real market prices? These are forex investment scams that Pocket Broker has been allegedly involved in. Read on to find more details.
Pocket Broker claims there are no deposit fees and no withdrawal fees. However, specific processing times and potential third-party charges are not detailed on their platform.
Pocket Broker was regulated by the FSCA in South African with a 'Unverified' status.
Pocket Broker offers only its proprietary in-browser trading platform. It does not provide access to popular third-party platforms like MT4, MT5, or cTrader, according to the information.
A quantity exceeding fifty modalities for the placement of funds is in existence, encompassing such entities as Visa, Mastercard, JetonBank, UPI, M-PESA, Pix, Easypaisa, bKash, and Volet.
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FX1166963742
Yemen
My story with PO TRADE LTD/also called Pocket Broker. This company changes its name from time to time, once to Po Trade Ltd, another time to Pocket Option, and this time to Pocket Broker. I traded correctly and officially, and I have proof of the validity of all my trades, with my profits amounting to more than $115 million, legally and officially. I was surprised when the company blocked my account, stole my profits, and fraudulently manipulated the timing of my trades on my account statement to make it appear that my profits were due to a technical glitch. I have all the documents proving the validity of my trade timing and profits. Therefore, this fraud perpetrated by this company will not benefit them, and I will never give up my rights. I will continue to demand my rights until I recover all my profits. Since trading can lose a person millions of dollars, and even if they make millions of dollars, no company has the right to confiscate any client's profits. Whatever the case.
Exposure
KhayruSalama
United Arab Emirates
Starting from trading, it was not that bad. The binary options are pretty hard, but over time i was already kinda used to this trading. The profitability return was something i didn’t understand, because my favourite indices has the smallest profit returns, whereas forex pairs has the highest…Where is being the justice? Apart from that, no big issues. I want to highlight payments as well, because they go smoothly here for both withdrawals and deposits. There are also bonuses
Positive
Pandapatan
Philippines
There are a bunch of different shares available to trade on the platform. I'm needed such a variety of stocks because I enjoy trading shares using fundamental analysis. However, my adaptation was quite challenging here and it was hard to understand how options work in practice. I didn’t liked the communication with AI support bot, I think a live chat could be better.
Neutral
KareemBahri
Saudi Arabia
Heard about Pocket Broker from a friend I joined too cause I’m a trader that enjoys risk. Some days things work fine but others not really. I once waited over 2 weeks to get my money outt but there are multiple other methods to use to withdraw. It took me so long to understand the tools because they were so much and it's not all clear at first. It’s not terrible jusst not something I would use every time but I'm still trying to see if it worth stick with
Neutral
MphoRadebe
South Africa
Overall, I liked the concept of options trading. No need to dive deep into the position calculations and leverage peculiarities. Also, it was good to know that my 5 min trading strategy for indices works for this mode too. But, when it cames to charges, I noticed some unfair advantage of forex assets, in terms of profitability. Giving almost a half of your profit to the broker was obviously not beneficial for me.
Neutral