Company Profile
Company Profile
Review summary
| 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 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.
Pros and Cons
| 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 |
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.
What Can I Trade on BROKSTOCK?
| 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 |
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.
| 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 |
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