Pocket Broker Account Review – What Account Types Does Pocket Broker Offer?

What Account Types Does Pocket Broker Offer?

Pocket Broker promotes a single live account with a $1 minimum deposit, targeting beginner traders. However, critical details—like leverage, spreads, and commissions—are not transparently disclosed.

Key Concerns

• No demo account (unusual for a broker claiming low-risk entry).
• No VIP or professional accounts (limits advanced traders).
• Unclear fee structure—claims “no platform fees” but omits spreads/commissions.
  

Pocket Broker Account Comparison

Why This Matters:

• Without leverage or spread data, traders cant assess true costs.
• The $1 deposit seems attractive but carries high risk due to regulatory issues.

FAQs About Pocket Broker Accounts & Fees

Is there a Pocket Broker demo account?

No—unlike most brokers, Pocket Broker doesnt offer a demo, making it hard to test strategies.

What‘s the minimum deposit?

Just $1, but this doesn’t offset the clone broker risks.

Are spreads fixed or variable?

Unknown. The website avoids disclosing this critical detail.

Does Pocket Broker charge overnight fees?

Not mentioned—another transparency gap.

Can I trade with leverage?

Pocket Broker doesnt specify leverage ratios, which is atypical for share trading.

Are there inactivity fees?

The broker claims “no hidden fees,” but without regulatory oversight, this cant be verified.

Disclaimer

Trading fees include spreads, commissions, and overnight fees. Spreads may widen significantly during periods of high market volatility. It is advisable to thoroughly test actual costs using a demo account before trading.