“Can a zero-fee, ZAR-denominated CFD trading app become the default retail investment platform for South African retail investors?”
Brokstock launched in 2020 as a South African retail investment app, operating under BCS Markets SA Pty Limited and regulated by the FSCA. The platform focuses on CFD trading across shares, metals, crypto, currencies, and ETFs denominated in ZAR, targeting local retail investors with zero deposit/withdrawal fees and a simplified mobile-first experience. It operates internationally across at least five countries including Russia, Belarus, Israel, and Spain, suggesting it shares infrastructure or branding with a broader BCS Group network.