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FOREXPEOPLE -

Score

1.52 /10
Danger

FOREXPEOPLE

South Africa

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

http://www.forexpeople.co.za

Influence

D

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Comparison

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Exposure

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Score

Regulatory Index0.00

Business Index7.09

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 3
Previous Detection : 2025-10-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The broker's claimed South AfricaFSCA regulation (Regulation Number: 35526) has not been verified. Please be alert to the risks!

WikiFX Verification

FOREXPEOPLE · Company summary
FOREXPEOPLE Review Summary
Founded2004
Registered Country/RegionSouth Africa
RegulationFSCA (Suspicious clone)
Market InstrumentForex
Demo Account/
Leverage/
Spread/
Trading Platform/
Minimum Deposit/
Customer SupportLive Chat, Contact Form
Phone: 011 807 7886
Email: info@forexpeople.co.za
Social Media: Facebook, LinkedIn, Twitter, WhatsApp

FOREXPEOPLE Information

FOREXPEOPLE is a South African–based foreign exchange and global payments provider founded in 2004, offering both individual and corporate forex solutions. This company claims to be regulated, but its license is suspected to be a fake clone.

FOREXPEOPLE's homepage

Pros and Cons

ProsCons
Multiple contact channelsSuspicious clone FSCA license
Live chat supportLimited market offering
Demo accounts unavailable
Unknown trading platform
No info on deposit and withdrawal

Is FOREXPEOPLE Legit?

No. FOREXPEOPLE's license is currently suspected to be a fake clone.

Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense Number
South Africa
Financial Sector Conduct Authority (FSCA)Suspicious CloneFOREXPEOPLE SOUTH AFRICA (PTY) LTDFinancial Service Corporate35526
Suspicious Clone FSCA license

What Can I Trade on FOREXPEOPLE?

FOREXPEOPLE only offers trading in forex.

Trading AssetAvailable
forex✔
commodities❌
indices❌
stocks❌
cryptocurrencies❌
bonds❌
options❌
funds❌
ETFs❌

Account Type

FOREXPEOPLE offers both Individual FX and Corporate FX services.

Fees

According to FOREXPEOPLE, it charges a small margin on the exchange rate quoted to you.

In addition, a bank charge (Swift Fee) is also charged on each transaction. This is either R250.00 or R500.00, depending on whether you choose to share bank charges or pay all the bank charges.

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User comment

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Comments

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Mr.feng
more than one year
An amazing website for beginners to begin trading. Services are all good and trading results are favourable. I am pleased with all of their services. The 24-hour live chat customer service allows beginners to trade without any problems. I’m so lucky to know them before starting my first forex trading.
An amazing website for beginners to begin trading. Services are all good and trading results are favourable. I am pleased with all of their services. The 24-hour live chat customer service allows beginners to trade without any problems. I’m so lucky to know them before starting my first forex trading.
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2023-03-14 12:26
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