Pocket Broker

Pocket Broker is one of the modern, feature-rich brokers, offering its clients social trading features, various competitions, options, and real shares, in addition to regular forex trading. It belongs to Frontier Markets, registered in South Africa. The website, Pocket-Broker.com, supports 5 languages, meanwhile the proprietary trading platform has over 20. The company was founded by FinTech and IT experts, and is focused on retail traders, with low minimum deposits and a huge variety of deposit and withdrawal methods.

We give our complete review of this broker: its features, trading conditions, bonuses, accounts, user reviews, user complaints, and overall verdict. Is Pocket Broker a scam company, or is it worth your attention and trust? Let’s review.

 

Pocket Broker Brokerage Services

One of the immediate advantages of Pocket Broker is the ease of use and access to the platform. It is possible to try trading there without registering an account, or even entering any of your credentials. Moreover, the platform has intuitive and user-friendly design, both on mobile, and on the web. There are no requirements to download MT4 or MT5 to start trading: everything can be done through a web terminal, including options trading and buying real shares.

A company has a proprietary UI for trading, making every type of trading feel uniform and consistent. MT5 and MT4 trading feel rather similar to options trading, however, this comes with a downside, as some of the features are missing. The broker currently offers only 7 time frames for forex (M1, M5, M15, M30, H1, H4, D1), 4 chart types (line, candles, bars, Heikin-Ashi candles), and doesn’t have too many assets for trading (more on that later).

The upside is that the platform is much clearer for beginners than the regular UI of MetaTraders or TradingView, and getting used to the platform takes almost no time at all. You only need to select a type of trading that you like, pick an asset out of the list, and the trade is ready to be set. There is also an option for social trading which expects you to copy trades from more established traders. Currently it is only available in the ‘Quick Trading’ mode, which, uniquely, allows copying trades one signal at a time. There is also a special chat channel within Pocket Broker, where social trading can be discussed, and strategies can be shared. There is no option for social trading on demo accounts, however.

Pocket Broker offers promotions and bonuses for its clients, and regularly holds trading tournaments with real prizes. Traders are also provided with signals and analytics, including through a special signals app in Google Play. It provides trading signals for opening positions with specific entry and exit points, suitable for daytrading. This signal analyzer compares the current situation with the chosen strategy, determines the possibility of a rebound or reversal, and gives ready-made advice like “put in this S/L and this T/P”, “do a long here” or “make a short here”. The effectiveness of these signals is far from 100%, but they can facilitate the trading process and increase the chances of successful trades on the broker’s website.

Trading Conditions with Pocket Broker

The trading platform is expertly crafted, combining forex, stocks trading, options, and real shares inside a single UI. Trading transactions of various types on a wide market range can be done through a mobile or web application; with Pocket Broker there is no need to install any software on the user’s PC.

More than 30 popular indicators are available online, which can facilitate technical analysis. Advantages of the Pocket Broker trading terminal include:

• Focus on high usability
• Availability of a demo account with quick access option
• Fully online trading
• Ability to add indicators to the chart for market analysis, including for options.
• Good variety of asset classes
• Availability of free signals and analytical training materials.
• Availability of social trading.

The broker has a stock of assets, the list of which includes both the most popular and exotic currency pairs, indices, commodities (gold, oil), cryptocurrencies, as well as a significant number of shares of American and European companies. There is information online that Pocket Broker has around 100 assets, but, having painstakingly counted them, we are afraid this is not true. In total, more than 350 assets are currently on offer here.

1. Forex pairs on offer include: AUD/CAD, USD/HUF, EUR/USD, GBP/SGD, NZD/JPY, CAD/JPY, EUR/HKD, USD/PLN, and over 70 others.
2. Commodities and metals: Natural gas, Palladium, Platinum, Spot Gold, Spot Silver.
3. Stocks: Adidas, Apple, Porsche, Renault, Siemens, Tesco, Bayer, Visa, Walmart, Dropbox, eBay, and over 130 others.
4. Cryptocurrencies: ETH, BTC, UNI, Axie, Solana, Algorand, NEAR, Monero, Filecoin, and over 50 others.
5. Indices: HK50, FTSE100, JPN225, S&P500, Spain 35, DAX40, etc.

Maximum leverage for forex trading is 1:1000. It can be freely changed in the window, down to 1:1. In a similar way, swap-free trading can be enabled or disabled at will, through a toggle in the UI (“Profile” → “Settings” → “Islamic account”).

Types of Accounts with Pocket Broker

In addition to the demo account, Pocket Broker offers 5 other options, all gated behind the deposited amount. These are “Beginner”, “Master”, “Guru”, “VIP”, and “VIP Elite”. The difference between these accounts is the max. trade amount (from $1k to $20k), level of personal discounts (from 5% to 25%), and the available set of bonus features, such as:

• Free tournament participation
• Personal Assistant
• VIP badge
• Private VIP chat rooms
• Educational webinars
• Cash back
• Prioritized access to new platform features
• Exclusive promotions
• Prioritized withdrawals and support resolutions.

 

Pocket Broker Deposit and Withdrawal

There are over 50 deposit and withdrawal options with Pocket Broker. From bank cards and e-wallets – to almost every cryptocurrency known to mankind (even ApeCoin, Cosmos and Cronos). Top-up options are country-specific – meaning, users from South Africa get an option to withdraw through Jetonbank and Capitec Pay, while traders from Indonesia have Dana, FasaPay, LinkAja, IDR, OVO, and QRIS as additional options.

• Minimum deposit and withdrawal amounts depend on the payment method and range from $5 to $50. The most popular options for depositing funds are:
• Visa/MasterCard – $20 minimum deposit, ~5 minute processing time
• Binance Pay – $5 minimum deposit, ~1 minute processing time
• Bank Transfer (certain countries) – $5 minimum deposit, ~1 minute processing time
• USDT (TRC-20) – $30 minimum deposit, instant processing
• USDT (BEP-20) – $20 minimum deposit, instant processing

Funds are deposited and credited automatically. Regardless of the chosen funding method, Pocket Broker does not impose any fees. As is custom in the brokerage space, when withdrawing funds, the client must use the same payment method they used to make the deposit. Minimum withdrawal amount depends on the processing system, but is no less than $10.

Pocket Broker Funds Security

Pocket Broker is following anti money laundering laws and has a special policy for safeguarding of client funds (PDF). All client funds are held separate from the company’s own funds – deposited into a segregated bank account with a reputable licenced South African financial institution. A specific client identifier is employed for each user to ensure precise and careful fund allocation. Regular checks are carried out to determine potential risks to the safety of client funds.

Multiple layers of authorization are required for the release or transfer of any client funds. From the client’s side, you can enable Google Authenticator feature, to use 2FA on login and/or on any withdrawal.

Daily reconciliation is being conducted to verify that client funds are always accounted for. All financial transaction records are archived securely for at least five years, in compliance with South African legal requirements. Account statements are provided to clients on a monthly basis or upon request.

Pocket Broker also issues written confirmation of receipt when receiving funds into safe custody without the mediation of a bank.

The company pays interest accrued on customer funds held in segregated accounts directly to the client. Including interest earned on deposits, investments, or other financial instruments (see below in “My Safe” section).

Pocket Broker “My Safe” Feature

Clients with Pocket Broker can open their personal savings “Safe” and earn passive income up to 10% per year. This way, they can profit from financial assets that are not currently being actively used in trading. This is another passive income source with Pocket Broker, in addition to social trading. Deposits and withdrawals are available at any time without any restrictions or commissions.

Cooperation with major European and African banks opens up opportunities for investing in government bonds with a fixed guaranteed income and promising investment funds secured by demand deposits.

Pocket Broker Bonuses

Pocket Broker customers can significantly increase their trading capital when making a first deposit by using bonus funds provided by the company. These bonuses are only accessible only to users making a deposit for the first time.

We are aware of such promo codes as:

50% Bonus when topping up from $50 – use code 50START

50% Bonus when depositing from $100 – use code WELCOME50

Traders can get payouts and top-up funds for free at any time. The bonus itself becomes available for withdrawal as soon as the net trading volume reaches 50 times the bonus amount. There may be other promo codes in the future, always do your own research!

 

Pocket Broker Trading Platform

Over all, Pocket Broker is an advanced trading platform for forex, stocks, and options trading. It has a simple interface, but a complex array of features, including social trading, competitions, AI one-click orders, signals, deposits with interest, achievements, analytics, vast loyalty programs, and more.

This makes Pocket Broker an attractive choice, especially for beginner and intermediate level traders. However, as with any form of financial activity, it is important to exercise caution and understand the risks associated with trading and brokers in general.

Pocket Broker Support Team

Pocket Broker responds to its clients with 24/7 multilingual support, making it a preferential choice for those traders who are consistently on the lookout for platforms that evolve with market demands.

Support team is available through the email [email protected], chat on the website or inside the Pocket Broker app. In addition, many answers can be obtained from thematic guides or videos that explain all the main points of work on the platform, as well as through the many trader chats available on the platform.

Pocket Broker Regulation

Pocket Broker has a FSCA license for brokerage activities. This license can be easily checked on the regulator’s website at https://www.fsca.co.za/. The company can be found under the number 53333, Registration №2023/780267/07, 28/09/2023, as seen below. Remember that the official name of the company is the FRONTIER MARKETS (PTY) LTD, whereas Pocket Broker is just one of their brands.

Trader Education at Pocket Broker

Trading signals are provided for free through a secondary Pocket Broker app in Google Play and Telegram bot. There is also a separate app with trading strategies, suitable for beginners.

More advanced education and assistance is primarily intended for holders of higher level loyalty programs with Pocket Broker. Users with VIP status and above (meaning, with total deposits over $10,000) receive personal assistant, access to VIP chat rooms and educational webinars. VIP users can also participate in tournaments for free, which allows them to practice trading skills in a gamified environment with real prizes.

Additionally, Pocket Broker boasts a unique and quite complex achievements engine. Users can complete various trading tasks, gain experience, follow their progress, and unlock additional benefits with extra ‘levels’, similarly to a video game. This ‘gamifying’ of the trading process should allow some users to be more invested, passionate, and ultimately profitable with their strategies.

 

User Complaints Against Pocket Broker

The company, to its detriment, is rather young. There are not a lot of reviews available online. The few existing online review websites thus far are quite positive.

We should also mention reviews published on its own website, which you could read for yourself. Normally the trust score for these would be rather low, but the Pocket Broker website allows users to check the identity of the user, including their trades, rewards, and all-time statistics. There is even an option to chat with any of these traders, or copy any of the trades they are making, for a portion of your profits.

This system is deep, thoughtfully crafted, and rather unique amongst brokers, so we decided to mention it here. Users who leave positive reviews about Pocket Broker tend to describe high quality trading, fast withdrawals, ease of use and solid bonuses provided by the company. Most clients leaving reviews, it seems, are trading with Pocket Broker through the mobile app.

 

Is Pocket Broker a Scam?

There are no signs currently that Pocket Broker could be a scam company. Regulations and AML commitments are there; user reviews online are rather positive. The company is offering several unique opportunities to earn money through trading (forex, options, real shares, tournaments) or investing (social trading, “My Safe” feature). It has an interesting terminal, a variety of options for deposits and withdrawals for over 95 countries, and a surprising amount of assets on offer for such a new broker.

The company provides training, signals, analytics, easy-to-register demo account, and an AI order feature for an additional ease of use. The number of users and trading volume speak for themselves, and so far, numbers are good. Having studied all the features of the company, we can confidently state that Pocket Broker is not a scam, but on the contrary, a reliable trading broker offering its clients quality service.