Pocket Broker Forex Broker

Pocket Broker Review Summary Founded2017 Registered Country/RegionSouth Africa RegulationFSCA (Suspicious Clone) Market InstrumentsShares Demo Account/ Min Deposit$1 Customer SupportIn-browser platform only (no MT4/MT5/cTrader mentioned) Support Desk (built-in)Community ChatNo phone or email listed clearlyPocket Broker Information 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 and Cons ProsCons Very low minimum deposit ($1)Suspicious clone No platform or registration feesOnly supports share trading Wide range of deposit methods supportedIs Pocket Broker Legit? 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 StatusSuspicious clone Regulated bySouth Africa – FSCA Licensed InstitutionFrontier Markets (Pty) Ltd Licensed TypeFinancial Service Corporate Licensed Number53333What Can I Trade on Pocket Broker? 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❌Pocket Broker Fees 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 TypeFee Details Deposit FeeNot mentioned Withdrawal FeeNot mentioned Inactivity FeeNot mentioned Platform FeeFree Registration FeeFreeDeposit and Withdrawal 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. MethodMin. DepositFeesProcessing Time Visa / Mastercard$1Not mentionedNot mentioned Jetonbank$1Not mentionedNot mentioned Pix$1Not mentionedNot mentioned UPI$1Not mentionedNot mentioned M-PESA$1Not mentionedNot mentioned MTN$1Not mentionedNot mentioned Easypaisa$1Not mentionedNot mentioned bKash$1Not mentionedNot mentioned Volet$1Not mentionedNot mentioned