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BROKSTOCK

Exceeded
South Africa
,
Since 2020
Last Updated:
58/100
Overall Score

Trading Conditions

Min Deposit:
ZAR100
Max Leverage:
100
Account Types
Standard Account

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

8 methods

Card

credit card
Instant
Fee:
Free
Fee:
$25

Cryptocurrency

crypto
hours
Fee:
Free
Fee:
Free

PayPal

e wallet
3 days
Fee:
Free
Fee:
$25

Skrill

e wallet
3 days
Fee:
Free
Fee:
$25

Neteller

e wallet
3 days
Fee:
Free
Fee:
$25

Bank Transfer

bank transfer
3 days
Fee:
Free
Fee:
$25

PIX

bank transfer
hours
Fee:
Free
Fee:
$25

PayNow

bank transfer
hours
Fee:
Free
Fee:
$25

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 40%, 2: License 75%, 3: Software 0%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
40%Poor
License
75%Good
Software
0%Poor
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor

Company Information

Full Name:BROKSTOCK SA (PTY) LTD
Founded:2020
Headquarters:South Africa
Enterprise Offices:N/A

Customer Support

Phone:
—
Live Chat:
business_hours
Response Time:
—
Languages:
—
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What BROKSTOCK legally published, but does not want you to read

Wikilix contract reading ·

High contract risk

BROKSTOCK can keep <strong>10%</strong> of any money you withdraw within 30 days of paying it in. Closing the account inside 90 days costs R1 000. Neither fee appears on the deposits and withdrawals page, which shows 0% commission on withdrawals. The agreement also lets BROKSTOCK cancel profit it suspects came from abusive trading, while your losses from the same trades stand.

6Critical clauses
21Clauses flagged
52Documents read
6.5/10Contract risk
Read the full terms report17 more clauses, each with its wording, clause number and source
Editorial review
Updated

Broker Summary

What Wikilix has recorded about BROKSTOCK: its history, the licences it holds, its trading conditions and its fees.

Introduction and Overview

Successful traders and investors need reliable brokers in a highly competitive market such as the financial markets. BROKSTOCK, a South African financial services firm, has dedicated itself entirely to providing investors and traders with an efficient trading platform to access different investments. By providing investors with tools and technology, BROKSTOCK creates a more stable and reliable trading environment.

BROKSTOCK is regulated as a trading broker and therefore connects technology with compliance to provide customers with a reliable investing environment.

The purpose of this article is to fully examine and describe the trading broker BROKSTOCK by addressing the types of products they offer, the regulatory agencies that govern them, their trading conditions, and the user-friendliness of their brokerage, to help determine the suitability of using BROKSTOCK as a broker based on the available facts.

History and Background of the Company

Limited information is available regarding the founding, founders and growth of BROKSTOCK as a brokerage firm. One known fact about BROKSTOCK is that it operates under the name BROKSTOCK SA (PTY) LTD, which is publicly traded as a Financial Services company in South Africa.

Despite a lack of historical data on BROKSTOCK, it is apparent that it has become the primary investment app in South Africa, making it a market leader by offering innovative services and products to customers.

There is no known address for BROKSTOCK’s corporate headquarters; however, they continue to operate at a high level, as evidenced by their copyright notices through 2025, indicating that BROKSTOCK is a current, financially viable company operating in the South African financial market.

Products and Services Available

Investment App and Products Available

BROKSTOCK provides a user-friendly investment app available on iPhones and Androids that lets customers quickly buy and sell equity online. The broker’s app offers customers up to 2,000 different assets to trade, including stocks, derivatives (CFDs), and other assets, by providing market facilitation to customers seeking these investments (for example, acting as a principal, counterparty, or market maker).

Historically, most customers have traded only equity in the stock market; however, BROKSTOCK now allows potential investors to speculate on securities without owning the underlying asset through CFDs.

Regulatory Compliance and Licensing

As with any financial services company, the most important factor is whether the service provider complies with applicable regulations. When a customer opens an account with BROKSTOCK, they will utilize a brokerage that is duly regulated and authorized by the Financial Sector Conduct Authority. Consequently, customers of BROKSTOCK are guaranteed fair treatment in accordance with the regulations promulgated by the FSCA.

Regulator

License Number

Status

South African Financial Sector Conduct Authority (FSCA)

FSP No. 51404

Authorised Financial Service Provider

This regulatory status confirms BROKSTOCK’s legitimacy and compliance with South African financial laws, providing clients with confidence in the broker’s operations and ethical standards.

Trading Conditions and Platform Technology

Trading Conditions

Specific details regarding spreads, leverage, minimum deposit requirements, and commissions are not publicly disclosed by BROKSTOCK. This lack of detailed trading condition data suggests that prospective clients may need to engage directly with the broker for tailored information.

Trading Condition

Details

Spreads

Not publicly disclosed

Leverage

Not publicly disclosed

Minimum Deposit

Not publicly disclosed

Commissions

0% commission on deposits

Platform Technology

According to the broker's website, BROKSTOCK’s investment app is a comprehensive ecosystem for investing and has become the top-rated investment app in South Africa. Each platform is compatible with both iOS and Android, enabling the app to support a wide range of investment and trading activities and to be used by a broad range of users.

While the broker states that users can use a variety of trading platforms, no specific platform names or software were provided. Since many investors require real-time market data such as quotes and charts, it's important to note that, according to the broker's website, most of these data sets are delayed by 15 minutes to 24 hours after aggregation.

Platform Feature

Description

App Availability

iOS and Android

Market Data

Delayed by 15 minutes or more

Platform Type

Investment app and unspecified trading platforms

Fee Structure

BROKSTOCK offers a competitive fee structure with a notable feature of 0% commission on deposits, which can be attractive for investors looking to minimize upfront costs. However, detailed information on withdrawal fees, inactivity fees, or other charges is not publicly available.

Fee Type

Details

Deposit Fees

0% commission

Withdrawal Fees

Not disclosed

Inactivity Fees

Not disclosed

Other Charges

Not disclosed

User Experience and Market Reputation

Limited publicly available data pertaining to user ratings, reviews, and a comprehensive reputation analysis for BROKSTOCK exists. The lack of client feedback on this broker's strengths and weaknesses makes it challenging to assess them.

However, the fact that the app is currently rated asHowever, the fact that the app is currently rated the number one investment app in South Africa, and that it is developed by leaders in the financial industry, indicates the strength of their market presence and their commitment to providing high-quality service and building a strong reputation in this area.e app will likely be contributing factors to its overall appeal.

Current Developments

As evidenced by the copyright year on the BROKSTOCK website, BROKSTOCK remains an active player through at least 2025. While significant portions of the BROKSTOCK website focus on trading and investing developments and market overviews, there have been no new developments or material changes publicly highlighted regarding BROKSTOCK from 2024 to 2025.

The fact that BROKSTOCK is still active indicates that they are committed to continuing and eventually expanding their current services. There are currently no details available on any upcoming announcements or innovative developments from BROKSTOCK.

Final Comments

BROKSTOCK is regulated by the South African government as a financial services provider and is dedicated to being easy to access and fully automated on digital technology. The BROKSTOCK investment app gives investors access to over 2,000 instruments with 0% commission on deposits, making it a viable option for anyone looking for an uncomplicated way to trade.

Although several details remain scarce at this time, such as trading conditions. These include trading conditions, fee types other than deposit fees, and client surveys. The broker is established in the South African market. Their regulatory compliance and market presence mean BROKSTOCK should be viewed as reputable and trustworthy. Anyone interested should contact BROKSTOCK directly to receive tailored information before trading.

 

Regulation check

Regulatory Licenses

Every licence BROKSTOCK has in force is from an offshore regulator. Most carry no compensation scheme — each licence's record says what the issuing regulator actually requires.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
0
Offshore
1

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Financial Sector Conduct Authority 51404

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
South AfricaOffshore
Authority strength
Tier 2
Licence type
Market Making(MM)
Not yet checked on the register

Client protection under this licence

  • Compensation schemeUp to ZAR 500,000
  • Complaints routeFSCA Dispute Resolution
  • Maximum leverage1:30

These are the rules FSCA sets for the firms it licenses. They are not a statement about how BROKSTOCK applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Deposits & withdrawals

Funding Methods

15 ways to fund an account. 2 credit instantly.

15 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
CardCredit Card
Full balance withdrawals always free; fees apply if withdrawal less than $50
Not recordedUSD 25Not recordedUSD 5Not recordedInstant
CryptocurrencyCryptocurrencyFees depend on chosen blockchain fee; no broker feeNot recordedNot recordedNot recordedUSD 30Not recordedhour
PayPalE-Wallet1Not recordedUSD 25Not recordedUSD 10Not recorded3 days
SkrillE-Wallet1Not recordedUSD 25Not recordedUSD 5Not recorded3 days
NetellerE-Wallet1Not recordedUSD 25Not recordedUSD 5Not recorded3 days
Bank TransferBank Transfer
Third-party bank fees may apply; minimum withdrawal amount displayed before proceeding
Not recordedUSD 25Not recordedNot recordedNot recorded3 days
PIXBank TransferBrazil local methodNot recordedUSD 25Not recordedUSD 5Not recordedhour
PayNowBank TransferSingapore local methodNot recordedUSD 25Not recordedSGD 10Not recordedhour
1-2PayBank TransferThailand local methodNot recordedUSD 25Not recordedTHB 500Not recordedhour
MyBanqBank TransferJapan local methodNot recordedUSD 25Not recordedJPY 1,340Not recordedhour
Credit/Debit CardCredit Card
Withdrawals must follow deposit order; profits may require wire transfer
Not recordedFreeNot recordedNot recordedNot recordedhour
Bank Wire TransferWire Transfer
Bank and intermediary fees may apply; withdrawals follow deposit order
Not recordedUSD 20Not recordedNot recordedNot recordedhour
Perfect MoneyE-WalletNot recorded1%Not recordedUSD 1Not recordedhour
USDT TRC20CryptocurrencyNot recordedUSD 5Not recordedUSD 50Not recordedhour
FasaPayE-WalletInstant withdrawalsNot recordedNot recordedNot recordedUSD 5Not recordedInstant

Broker's notes on these methods

  1. Full balance withdrawals always free · applies to 3 methods
Fees, limits and processing times as published by BROKSTOCK, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • brokstock.co.zaMain siteActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Frequently Asked Questions

Frequently Asked Questions

Common questions about BROKSTOCK

Most Popular Questions
BROKSTOCK prohibits clients from North Korea and other UN-sanctioned countries. The broker primarily serves South Africa, Africa, and many emerging global markets.
BROKSTOCK offers trading in Forex, Bonds, Stocks, Funds, Derivatives, and CFDs. Detailed information about the number of instruments or specific trading platforms is not specified.
Yes, BROKSTOCK offers live chat support available during business hours. Customers can also contact them via phone numbers, email addresses, and social media platforms such as Facebook, LinkedIn, Instagram, and YouTube.
BROKSTOCK supports various funding methods including credit cards, cryptocurrencies, PayPal, Skrill, Neteller, bank transfers, and local methods like PIX and PayNow. Withdrawal fees may apply if the amount is less than $50, typically a $25 fee, while full balance withdrawals are usually free.
BROKSTOCK requires a minimum deposit of 100 ZAR. The maximum leverage offered by the broker is 100. Specific details about account types or leverage tiers are not specified in the provided context.
BROKSTOCK SA (PTY) LTD is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The broker holds a Market Making license and offers client fund insurance up to ZAR 500,000. It operates under a high transparency level and follows complaint mechanisms through FSCA Dispute Resolution.
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