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
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.
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.
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.
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.
FX3211231441
Colombia
This app won't let me withdraw my money, and the money is being held.
Exposure
FX1166963742
Yemen
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.
Exposure
noohrasmi
Qatar
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 :)
Positive
FX2627910482
Mexico
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.
Positive
Khalid_AlMutairi
Saudi Arabia
I like Pocket Broker's trading interface designed to be very simple, which makes trading and chart analysis easy. The 5/5 trading conditions are quite good. I mainly trade stocks, and objectively speaking, there is nothing to complain about in terms of trading terms. 4/5 As for market coverage, this is an area where they can significantly improve. At present, I can only give 2/5. Although they include all large well-known companies, if you are keen on investing in penny stocks or other small companies, you may feel limited in your choices
Neutral
Nelson1996
Mexico
qt is my favourite not gonna like, forex and gold on it really go well sometimes, but only if you mind the time. for example, I am not a fan of this new 3 second timer on qt, or 5s too, these are just too quick for me, the lowest I do is 5 minutes most of the time, and I even didnt like 1 min or around that. but they are doing their best to make sure they bring some new promos and stuff, that is good for engagement.
Neutral
NaderGhanem
South Africa
If you want some help, you can get one of many different apps they offer! I just stumbled upon them when I was searching for support, and it's a fine addition. Support is interesting, you leave a ticket and they get back on you, it's more effective this way and eliminates wasting time of agents. Payments are decent here too, many many options, and that is including many different cryptos too, just $5 to start for some payment methods.
Positive
TYong
Singapore
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
Neutral
KhayruSalama
United Arab Emirates
Starting from trading, it was not that bad. The binary options are pretty hard, but over time i was already kinda used to this trading. The profitability return was something i didn’t understand, because my favourite indices has the smallest profit returns, whereas forex pairs has the highest…Where is being the justice? Apart from that, no big issues. I want to highlight payments as well, because they go smoothly here for both withdrawals and deposits. There are also bonuses
Positive
Pandapatan
Philippines
There are a bunch of different shares available to trade on the platform. I'm needed such a variety of stocks because I enjoy trading shares using fundamental analysis. However, my adaptation was quite challenging here and it was hard to understand how options work in practice. I didn’t liked the communication with AI support bot, I think a live chat could be better.
Neutral
KareemBahri
Saudi Arabia
Heard about Pocket Broker from a friend I joined too cause I’m a trader that enjoys risk. Some days things work fine but others not really. I once waited over 2 weeks to get my money outt but there are multiple other methods to use to withdraw. It took me so long to understand the tools because they were so much and it's not all clear at first. It’s not terrible jusst not something I would use every time but I'm still trying to see if it worth stick with
Neutral
MphoRadebe
South Africa
Overall, I liked the concept of options trading. No need to dive deep into the position calculations and leverage peculiarities. Also, it was good to know that my 5 min trading strategy for indices works for this mode too. But, when it cames to charges, I noticed some unfair advantage of forex assets, in terms of profitability. Giving almost a half of your profit to the broker was obviously not beneficial for me.
Neutral