Score

1.31 /10
Danger

Pocket Broker

South Africa

2-5 years

Suspicious Regulatory License

High potential risk

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Comparison

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Exposure

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Website

Score

Regulatory Index0.00

Business Index5.43

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 : 2026-02-05
  • This broker lacks valid forex regulation. Please be aware of the risk!
  • The South Africa FSCA license (License No. 53333) claimed by the broker has not been verified. Please be aware of the risks!

WikiFX Verification

Pyramid scheme complaint
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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: Why Traders Should Avoid It

Pocket Broker review highlights user complaints of blocked accounts, rejected withdrawals, and fraudulent practices.

WikiFX
2026-01-09 16:59
Pocket Broker Review: Why Traders Should Avoid It

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

User Reviews

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User comment

12

Comments

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noohrasmi
0-3months
I didn’t jump into real trading right away, I knew I would burn myself and lose my first balance quickly. That was the exact reason why I started off from a demo account first. I wanted to get comfortable with the quick trading itself, and am very glad that they provide a number of strategies for this mode! I was in between several ones, so I just decided to give every strategy a shot and see which one is going to be easier for me. Using the RSI + wicked candles :)
I didn’t jump into real trading right away, I knew I would burn myself and lose my first balance quickly. That was the exact reason why I started off from a demo account first. I wanted to get comfortable with the quick trading itself, and am very glad that they provide a number of strategies for this mode! I was in between several ones, so I just decided to give every strategy a shot and see which one is going to be easier for me. Using the RSI + wicked candles :)
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2026-01-26 11:07
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FX2627910482
0-3months
the pocket broker impressed me with the variety of methods that I can use for payments - banks, e-wallets kinds etc, all is available. I got my account deposited via volet, then used visa a few times, and neteller, and each time I didn't spot any insocnsisetnt or suspicious behavior from them. And I've been for like almost a year already. reliable - I can say. the rest - decent enough.
the pocket broker impressed me with the variety of methods that I can use for payments - banks, e-wallets kinds etc, all is available. I got my account deposited via volet, then used visa a few times, and neteller, and each time I didn't spot any insocnsisetnt or suspicious behavior from them. And I've been for like almost a year already. reliable - I can say. the rest - decent enough.
Translate to English
2026-01-17 19:33
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