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Score
Influence
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Comparison
Quantity 2
Exposure
Score
Regulatory Index0.00
Business Index5.43
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
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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
Expose
| 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 |

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