FSCA — South Africa
ATLANTIC PEARL FINANCIAL (PTY) LTD
Regulated · No. 50420
MT.COOK Review — Overview
Regulation
Tier-2 regulated
Licence
FSCA · No. 50420
Licence status
Regulated
Platforms
MetaTrader4
Min. deposit
$500
Max. leverage
1:500
Instruments
Forex, Precious Metals, Indices, Energies
Typical spread
Starting from 0 pips
Operating
5-10 years
Main market
VN
Entity
ATLANTIC PEARL FINANCIAL (PTY) LTD
Website
Unknown
MT.COOK is a forex & CFD broker based in South Africa, operating for 5-10 years. On Trust Broker Hub it holds a Trust Score of 4.3 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
MT.COOK's licence comes from an offshore jurisdiction (FSCA). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
MT.COOK provides access to Forex, Precious Metals, Indices, Energies. Published conditions include a minimum deposit of $500 and leverage up to 1:500. No complaints are currently on record. Overall, MT.COOK has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
MT.COOK currently scores 4.3/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a FSCA licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Always verify the licence directly before depositing
Regulation
Tier 2 · Mid
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Forex, Precious Metals, Indices, Energies, and Crypto |
| Minimum deposit | $500 |
| Maximum leverage | 1:500 |
| Typical spread | Starting from 0 pips |
| Platforms | MetaTrader4 |
| Demo account | Yes |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on MT.COOK
Our analysis · editorial
4.3/10
A mixed risk profile
MT.COOK is regulated under a mid-tier authority (FSCA). It is based in South Africa. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 4.3/10 — a mixed profile.
Strengths
- Holds a recognised mid-tier licence (FSCA)
- No complaints on record with us
- Supports MetaTrader4 trading
- Accessible minimum deposit ($500)
Watch-outs
- Very high leverage available (1:500) — amplifies risk
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
MT.COOK — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag MT.COOK here if that changes.
Full specifications
Regulated region
South Africa
Operating period
5-10 years
Main market
VN
Licensed entity
ATLANTIC PEARL FINANCIAL (PTY) LTD
License status
Regulated
Instruments
Forex, Precious Metals, Indices, Energies, and Crypto
Frequently asked
Is MT.COOK a safe broker?
MT.COOK scores 4.3 / 10 on our Trust Score, above the 3.3 industry average. It is only offshore-regulated, which means weaker protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the MT.COOK trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from MT.COOK?
MT.COOK publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.