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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

BROKSTOCK

South Africa South Africa | 5-10 years |
Regulated in South Africa | Derivatives Trading License (EP) | Self-developed | Suspicious Operational Region

https://brokstock.co.za/

Website

Rating Index

License 3.60 Software 4.58 Risk Control 9.72 Business 7.57 Regulation 3.60
4.99

Influence

Influence

C

Influence Index NO.1

South Africa South Africa 3.83
Surpassed 49.90% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+27 12 001 9206
https://brokstock.co.za/
Suite E 111, Midlands Office Park East, Mount Quray Street, Midlands Estate, Gauteng, 1692
VPS Standard
No Broker Account Restrictions

Single Core

1G

40G

1M*ADSL

Basic Information

Registered Region
South Africa
Operating Period
5-10 years
Company Name
BROKSTOCK SA (PTY) LTD
Abbreviation
BROKSTOCK
Employees
--
Email
info@brokstock.co.za
Contact Number
+27120019206
Address
Suite E 111, Midlands Office Park East, Mount Quray Street, Midlands Estate, Gauteng, 1692
FX1233190587

FX1233190587

Unverified

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

Positive

Malenyalo

Malenyalo

Unverified

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

Positive

Thandi1249

Thandi1249

Unverified

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

Positive

Carlos3057

Carlos3057

Unverified

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

Positive

Luxolo

Luxolo

Unverified

Russia

Wanted to invest in US market and realised they have pretty low commission for the trade

Positive

Positive

Thabiso1837

Thabiso1837

Unverified

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

Positive

Alex7335

Alex7335

Unverified

South Africa

very cool app, add more tools and be #1 in SA. Separate respect for Smart Score predictions.

Positive

Positive

oooo

oooo

Unverified

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

Positive

Watcharathat Thongkhao

Watcharathat Thongkhao

Unverified

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

Neutral

9
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Comment
MT4/5

Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.

Trading Apps
All 2
iOS 1
Android 1
logo
BROKSTOCK — Stock Trading App
Over 2 000 investment assets available to trade on local & global stock markets.
screenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshots
logo
BROKSTOCK: Stocks & Trading
Investing in JSE and US Shares
screenshotsscreenshotsscreenshotsscreenshotsscreenshotsscreenshots

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Official Website

Verified Site

  • United Kingdom brokstock.co.za
    176.56.182.248
  • Netherlands forex-bcs.com
    176.56.182.215

Company Profile

Company Profile

Review summary

BROKSTOCK Review Summary
Founded2021-02-18
Registered Country/RegionSouth Africa
RegulationExceeded
Market InstrumentsStocks, ETFs, Currency Pairs, Metals, and Cryptocurrencies
Demo Account/
LeverageUp to 1:...
Spread/
Trading Platform/
Min DepositR100
Customer SupportToll-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.

BROKSTOCK

Pros and Cons

Pros Cons
Low commission (0.15% per trade for JSE stocks)Exceeded
Zero deposit/withdrawal feesUnclear spread and leverage details
Various trading instrumentsLimited 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.

regulated
regulated

What Can I Trade on BROKSTOCK?

Tradable Instruments Supported
StocksSouth African JSE stocks and US stock CFDs
ETFsGlobal market and industry-themed ETFs
Currency PairsAUD/ZAR, CHF/ZAR, EUR/ZAR, GBP/ZAR, USD/ZAR
Metals-
Cryptocurrencies59 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.

ItemDepositWithdrawal
Payment MethodsCapitec Pay, Visa, MastercardOnly wire transfer to personal bank accounts
Fees0%0%
Processing TimeUsually instant, up to 2 hours; special cases delayed to 2 working daysPlatform review (3 working days) + bank processing (2-3 working days) (total 5-6 working days)
Amount LimitsSingle transaction: R100 - R1,000,000Single transaction: R1 - R100,000
Special RequirementsOnly South African Rand (ZAR), personal accounts only, virtual cards not supportedOnly South African Rand (ZAR) must be in the same name as the account holder; third-party transfers are prohibited
minimum deposit

Company Profile

  • 5-10 years
  • Regulated in South Africa
  • Derivatives Trading License (EP)
  • Self-developed
  • Suspicious Operational Region

News

BROKSTOCK Exposed: Traders Report Login Errors, Withdrawal Issues & Incompetent Customer Support

Exposure BROKSTOCK Exposed: Traders Report Login Errors, Withdrawal Issues & Incompetent Customer Support

Is your BROKSTOCK trading account full of inefficiencies? Do the recurrent BROKSTOCK login errors prevent you from opening and shorting positions at a favorable price? Has the broker failed to honor your withdrawal requests? Do you face order execution price issues? Has the customer support service failed to resolve your queries? You are not alone! In this BROKSTOCK review article, we have shared some complaints that need a close introspection. Read on to explore them.

Wiki Q&A

Can BROKSTOCK be trusted by traders?

BROKSTOCK SA (PTY) LTD operates under a Derivatives Trading License (EP) from South Africa's Financial Sector Conduct Authority (FSCA), providing it with a regulated status under that specific national jurisdiction.

04-02
United States

What is the regulatory status of BROKSTOCK?

BROKSTOCK is regulated, holding a formal Derivatives Trading License (EP) with regulation number 51404 from South Africa's Financial Sector Conduct Authority (FSCA), which governs its operations as a regional broker.

04-02
United States

What is the full company name of BROKSTOCK?

The broker's full legal entity name is BROKSTOCK SA (PTY) LTD, a regional broker based and registered in South Africa with 5-10 years of market presence.

04-02
United States

Does BROKSTOCK support MT5?

Yes, BROKSTOCK formally supports the MetaTrader 5 (MT5) platform under a full license, with measured trade execution speeds averaging 146.67 ms.

04-02
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

04-02
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

04-02
United States

How can I identify a scam or fraudulent forex broker?

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

04-02
United States

What are the most common and reputable forex regulatory authorities?

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.

04-02
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

04-02
United States
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