IsandisoFX

IsandisoFX | 2024-09-12 15:30

Zusammenfassung：IsandisoFX is a forex broker who provides five types of asset instruments via MT5 trading platform. It offers three types of live accounts with acceptable minimum deposits of $1. But its license of FSCA has been exceeded.

IsandisoFX is a forex broker who provides five types of asset instruments via MT5 trading platform. It offers three types of live accounts with acceptable minimum deposits of $1. But its license of FSCA has been exceeded.

Pros and Cons

Pros	Cons
MT5 supported	Exceeded license of FSCA
24/7 customer service	High spread from 1.2 pips
Acceptable minimum deposit
Various ways to deposit and withdraw

Is IsandisoFX Legit?

IsandisoFX is not regulated due to the expiration of its license from the Financial Sector Conduct Authority (FSCA). Consequently, it affects the protection available to its traders.

Regulatory Status	Exceeded
Regulated by	South Africa
Licensed Institution	Isandiso Sethu Investments (Pty) Ltd
Licensed Type	Financial Service Corporate
Licensed Number	52985

What Can I Trade on IsandisoFX?

IsandisoFX offers over 70 forex, metals such as gold and platinum, indices including Nasdaq, US500, and DE40, shares and commodities. It also supports CFDs spanning these five asset classes.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Metals	✔
Cryptocurrencies	❌
Shares	✔
ETFs	❌
Bonds	❌
Mutual Funds	❌

Account Type

IsandisoFX offers three kinds of live accounts --- Mini, Standard, and Managed accounts with the minimum deposit of $1, $100 and $100 respectively. These accounts are all suitable for traders who start with a small amount of capital with acceptable minimum deposits.

Account Type	Base Currency	Minimum Trade Size	Minimum Deposit
Mini	USD	0.01 Lot	$1
Standard			$100
Managed			$100

IsandisoFX Fees

IsandisoFX's three types of accounts have spread from 1.2 pips and the maximum leverage of 1:400. What's more, the spread and swaps for short and long positions vary depending on the specific asset instrument.

Asset Instrument	Spread (pips)	Short Swap (points)	Long Swap (points)
Forex
CADCHF	2.0	-7.3	0.0
CADJPY	2.5	-15.6	0.0
Metals
Palladium	16.55	-0.54	-1.61
Platinum	7.4	-0.5	-1.5

For a comprehensive understanding of their fee structure and a detailed view of their offerings, you can go through the website.

Trading Platform

IsandisoFX provides the MetaTrader 5 (MT5) trading platform across multiple devices, including Windows, iOS, Android, and web-based versions. MT5 is an advanced online trading system that combines market charts, technical analysis, and order execution into a single, comprehensive tool.

Deposit and Withdrawal

IsandisoFX supports deposits and withdrawals via Bank Transfer, ozow, Skrill, VISA and NETELLER.

Customer Service

You can contact IsandisoFX through phone, email, Telegram, and WhatsApp, available 24/7.

Contact Options	Details
Phone	+27 031 576 0403
Email	service@isandisofx.com
Support Ticket System	❌
Online Chat	❌
Social Media	❌
Supported Language	English
Website Language	English
Physical Address	Connect Space 201, 21 Lighthouse Road, Umblanga Rocks, Durban, 4319, South Africa

The Bottom Line

In conclusion, IsandisoFX offers regular forex business for their traders with various trading products. It offers three kinds of accounts and MT5 trading platform, which suitable for novices and advanced traders. But its license of FSCA has been expired.