Score
South Africa
|
5-10 years
| https://brokstock.co.za/
Website
Rating Index
MT4/5
Full License
BCSMarketsSA-Real
Influence
C
Influence index NO.1
South Africa 6.79
MT4/5 Identification
Full License
United KingdomInfluence
C
Influence index NO.1
South Africa 6.79
LicensesLicensed Entity：BROKSTOCK SA (PTY) LTD
License No. 51404
South Africa
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
brokstock.co.za
forex-bcs.com
VIP is not activated.| 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 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 | 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 |
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.
| 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 |
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.
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 |
The biggest downside in my eyes is the expired regulation. On top of that, there’s no MT4 or MT5 support, which limits technical trading tools. I also don’t like that spreads and leverage details aren’t clearly disclosed — as a trader, I want to know all the numbers before I start trading.
The brokstock minimum deposit is just R100. Personally, I like this because it allows me to start small and test their service before deciding to put in larger amounts. My first deposit was R200 and it arrived in my account within about two hours.
I’ve traded South African JSE stocks, US stock CFDs, ETFs, and several cryptocurrencies here — in fact, there are 59 different crypto CFDs available. It’s a decent variety, but they don’t seem to offer metals in practice despite mentioning them in fee lists.
As far as I can tell, there’s no demo account available. That means beginners would have to risk real money right away — in my case, I just started with the brokstock minimum deposit so I could test the platform without risking too much.
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FX1233190587
South Africa
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
Positive
Malenyalo
South Africa
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.
Positive
Thandi1249
South Africa
The application is updated too often, but it is clear that the guys are actively trying to work on it and adding new features. But overall great experience and I liked returns that I saw.
Positive
Carlos3057
South Africa
Used to invest only in JSE. Every time i tried to approach the US investing market i have faced knowledge issues. So, i picked up on the demo with US shares. Really enjoyed the price prediction in the App as it has boosted the performance of the portfolio.
Positive
Luxolo
Russia
Wanted to invest in US market and realised they have pretty low commission for the trade
Positive
Thabiso1837
Russia
Tested the app with the deposit of R100 just to make sure I can successfully withdrawal, no problems so far. All seems user-friendly and shows real time prices! Which was a problem on the other apps I have used.
Positive
Alex7335
South Africa
very cool app, add more tools and be #1 in SA. Separate respect for Smart Score predictions.
Positive
oooo
United Kingdom
Scammed me off my money. They took my money and froze my account. My account manager said they are regulated in South Africa BUT actually they aren't. They scammed me of my $667.
Positive
Watcharathat Thongkhao
United Kingdom
It only costs $1 to start trading with BROKSTOCK, but please keep calm because their regulatory license is not only offshore, it may even be a clone.
Neutral