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Pocket Broker -

Score

1.28 /10
Danger

Pocket Broker

South Africa

1-2 years

Suspicious Regulatory License

Suspicious Overrun

High potential risk

https://pocket-broker.com

Influence

B

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index5.25

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FRONTIER MARKETS (PTY) LTD.

Company Abbreviation

Pocket Broker

Platform registered country and region

South Africa

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2025-11-22
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
  • The broker's claimed South AfricaFSCA regulation (Regulation Number: 53333) has not been verified. Please be alert to the risks!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Pocket Broker stole over $115 million of my profit

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.

FX1166963742
2025-09-13 23:04
Pocket Broker · Company summary
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 clearly

Pocket 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.

Pocket Broker Information

Pros and Cons

ProsCons
Very low minimum deposit ($1)Suspicious clone
No platform or registration feesOnly supports share trading
Wide range of deposit methods supported

Is 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 Number53333
Is Pocket Broker Legit?

What 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❌
What Can I Trade on Pocket Broker?

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 FeeFree
Pocket Broker Fees

Deposit 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
Deposit and Withdrawal

News

ExposurePocket Broker Review: Traders Furious Over Withdrawal Denials, Account Blocks & Price Manipulation

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.

WikiFX
2025-10-30 20:36
Pocket Broker Review: Traders Furious Over Withdrawal Denials, Account Blocks & Price Manipulation
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Comments

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TYong
0-3months
the broker's QT mode require different approach, so I spent some time on demo before going to a real account! I understood that sometimes it all about choosing the right expiration time, but it aint that easy to trade on QT, but it is interesting feature for sure, payout % is high... As for other modes, they are traditioanl. and I think spreads on fx pairs can be lower
the broker's QT mode require different approach, so I spent some time on demo before going to a real account! I understood that sometimes it all about choosing the right expiration time, but it aint that easy to trade on QT, but it is interesting feature for sure, payout % is high... As for other modes, they are traditioanl. and I think spreads on fx pairs can be lower
Translate to English
2025-11-20 20:31
Reply
0
0
FX1166963742
more than one year
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.
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.
Translate to English
2025-09-13 23:04
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0
0
1