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BROKSTOCK -

Exceeded

Score

4.59 /10

Average

BROKSTOCK

Item: BROKSTOCK
Rating: 4.59

South Africa

5-10 years

Regulated in South Africa

Financial Service Corporate

MT5 Full License

Regional Brokers

Suspicious Overrun

Medium potential risk

https://brokstock.co.za

Influence

Add brokers

Comparison

Expose

Exposure

Time Machine

Website

Score

Regulatory Index3.51

Business Index7.34

Risk Management Index0.00

Software Index9.39

License Index3.72

Time Machine

Website

Licenses

FSCA Exceeded

Financial Service Corporate

VPS Standard

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

Single Core

40G

open now

Broker Information

Company Name

BCS Markets SA (Pty) Limited

Company Abbreviation

BROKSTOCK

Platform registered country and region

South Africa

Company website

https://twitter.com/brokstock

Facebook

https://www.facebook.com/BrokStock

YouTube

https://bit.ly/BrokStockYouTube

https://www.linkedin.com/company/brokstock

Company summary

Pyramid scheme complaint

Expose

BROKSTOCK · Company summary

BROKSTOCK Review Summary
Founded	2021-02-18
Registered Country/Region	South Africa
Regulation	Exceeded
Market Instruments	Stocks, ETFs, Currency Pairs, Metals, and Cryptocurrencies
Demo Account	/
Leverage	Up to 1:...
Spread	/
Trading Platform	/
Min Deposit	R100
Customer Support	Toll-free: 080 022 7672
	Telephone: +27 12 001 9206
	E-mail: info@brokstock.co.za
	Facebook, YouTube, Twitter, Instagram, LinkedIn
	Suite E 111 Midlands Office Park East Mount Quray Street Midlands EstateGauteng 1692

BROKSTOCK Information

BROKSTOCK is a South African trading platform operated by BCS Markets SA. It offers CFD trading on stocks (JSE/US), ETFs, currency pairs (ZAR-focused), metals, and 59 cryptocurrencies.

Pros and Cons

Pros	Cons
Low commission (0.15% per trade for JSE stocks)	Exceeded
Zero deposit/withdrawal fees	Unclear spread and leverage details
Various trading instruments	Limited research resources
	No support for MT4 and MT5 platforms

Is BROKSTOCK Legit?

In fact, according to previously disclosed information, BROKSTOCK is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with the regulatory license number 51404. But the regulatory status is exceeded.

What Can I Trade on BROKSTOCK?

Tradable Instruments	Supported
Stocks	South African JSE stocks and US stock CFDs
ETFs	Global market and industry-themed ETFs
Currency Pairs	AUD/ZAR, CHF/ZAR, EUR/ZAR, GBP/ZAR, USD/ZAR
Metals	-
Cryptocurrencies	59 cryptocurrency CFDs

BROKSTOCK Fees

Commission rates vary by trading instrument. For example, the commission for JSE stock trading is 0.15% per transaction; for US stocks and ETFs, it is 0.49% per transaction; for currencies and metals, it is 0.3% per transaction; and for cryptocurrencies, it is 0.5% per transaction.

Deposit and Withdrawal

The minimum deposit is R100.

Item	Deposit	Withdrawal
Payment Methods	Capitec Pay, Visa, Mastercard	Only wire transfer to personal bank accounts
Fees	0%	0%
Processing Time	Usually instant, up to 2 hours; special cases delayed to 2 working days	Platform review (3 working days) + bank processing (2-3 working days) (total 5-6 working days)
Amount Limits	Single transaction: R100 - R1,000,000	Single transaction: R1 - R100,000
Special Requirements	Only South African Rand (ZAR), personal accounts only, virtual cards not supported	Only South African Rand (ZAR) must be in the same name as the account holder; third-party transfers are prohibited

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WikiFX Risk Alerts

Previous Detection : 2025-06-08

This broker exceeds the business scope regulated by South Africa FSCA(license number: 51404)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Benchmark	--
Maximum Leverage	1:200
Minimum Deposit	1 USD
Minimum spread	1 point
Products	117 (FOREX,CFD)

Currency	--
Minimum position	0.01
Supported EA
Depositing Method	(2+) Bank transfer
Withdrawal Method	(1+)
Commission	--

BROKSTOCK · Company summary

BROKSTOCK Review Summary
Founded	2021-02-18
Registered Country/Region	South Africa
Regulation	Exceeded
Market Instruments	Stocks, ETFs, Currency Pairs, Metals, and Cryptocurrencies
Demo Account	/
Leverage	Up to 1:...
Spread	/
Trading Platform	/
Min Deposit	R100
Customer Support	Toll-free: 080 022 7672
	Telephone: +27 12 001 9206
	E-mail: info@brokstock.co.za
	Facebook, YouTube, Twitter, Instagram, LinkedIn
	Suite E 111 Midlands Office Park East Mount Quray Street Midlands EstateGauteng 1692

BROKSTOCK Information

BROKSTOCK is a South African trading platform operated by BCS Markets SA. It offers CFD trading on stocks (JSE/US), ETFs, currency pairs (ZAR-focused), metals, and 59 cryptocurrencies.

Pros and Cons

Pros	Cons
Low commission (0.15% per trade for JSE stocks)	Exceeded
Zero deposit/withdrawal fees	Unclear spread and leverage details
Various trading instruments	Limited research resources
	No support for MT4 and MT5 platforms

Is BROKSTOCK Legit?

What Can I Trade on BROKSTOCK?

Tradable Instruments	Supported
Stocks	South African JSE stocks and US stock CFDs
ETFs	Global market and industry-themed ETFs
Currency Pairs	AUD/ZAR, CHF/ZAR, EUR/ZAR, GBP/ZAR, USD/ZAR
Metals	-
Cryptocurrencies	59 cryptocurrency CFDs

BROKSTOCK Fees

Deposit and Withdrawal

The minimum deposit is R100.

Item	Deposit	Withdrawal
Payment Methods	Capitec Pay, Visa, Mastercard	Only wire transfer to personal bank accounts
Fees	0%	0%
Processing Time	Usually instant, up to 2 hours; special cases delayed to 2 working days	Platform review (3 working days) + bank processing (2-3 working days) (total 5-6 working days)
Amount Limits	Single transaction: R100 - R1,000,000	Single transaction: R1 - R100,000
Special Requirements	Only South African Rand (ZAR), personal accounts only, virtual cards not supported	Only South African Rand (ZAR) must be in the same name as the account holder; third-party transfers are prohibited

User Reviews

User comment

Comments

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FX1233190587

6-12months

Its a very decent platform to invest in South African and US stocks. I appreciate its user friendly interface and 0.1-0.3 commissions. Pretty good experience so far

Translate to English

2024-07-15 17:42

Malenyalo

more than one year

I enjoyed the fact that I got a welcoming phone call from the team in just a couple of days after setting up my account.

Translate to English

2023-08-28 17:29