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Suspicious Clone
Score
1.22 /10
Danger
Pocket Broker
1-2 yearsSuspicious Regulatory License
Regional Brokers
Suspicious Overrun
High potential risk
Influence
A
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index4.73
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
3
Previous Detection :
2025-05-29
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The South AfricaFSCA regulation (license number: 53333) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
| 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 | |
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.
Pros and Cons
| Pros | Cons |
| Very low minimum deposit ($1) | Suspicious clone |
| No platform or registration fees | Only 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 Status | Suspicious clone |
| Regulated by | South Africa – FSCA |
| Licensed Institution | Frontier Markets (Pty) Ltd |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 53333 |
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 | ❌ |
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 Type | Fee Details |
| Deposit Fee | Not mentioned |
| Withdrawal Fee | Not mentioned |
| Inactivity Fee | Not mentioned |
| Platform Fee | Free |
| Registration Fee | Free |
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.
| 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 |
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