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Score

3.92 /10
Danger

IsandisoFX

South Africa

1-2 years

Regulated in South Africa

Financial Service Corporate

MT5 Full License

Regional Brokers

Suspicious Overrun

Medium potential risk

https://www.isandisofx.com

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Score

Regulatory Index3.51

Business Index4.71

Risk Management Index0.00

Software Index7.98

License Index3.51

Time Machine
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Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Isandiso Sethu Investments (Pty) Ltd

Company Abbreviation

IsandisoFX

Platform registered country and region

South Africa

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-09-21
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 52985)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

IsandisoFX · Company summary

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's homepage

Pros and Cons

ProsCons
MT5 supportedExceeded license of FSCA
24/7 customer serviceHigh 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 TypeFinancial Service Corporate
Licensed Number52985
Exceeded FSCA license

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❌
What Can I Trade on IsandisoFX?

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 TypeBase CurrencyMinimum Trade SizeMinimum Deposit
MiniUSD0.01 Lot$1
Standard$100
Managed$100
Account comparison

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 InstrumentSpread (pips)Short Swap (points)Long Swap (points)
Forex
CADCHF2.0-7.30.0
CADJPY2.5-15.60.0
Metals
Palladium16.55-0.54-1.61
Platinum7.4-0.5-1.5

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

IsandisoFX Fees

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.

MT5

Deposit and Withdrawal

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

Payment options

Customer Service

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

Contact OptionsDetails
Phone+27 031 576 0403
Emailservice@isandisofx.com
Support Ticket System❌
Online Chat❌
Social Media❌
Supported LanguageEnglish
Website LanguageEnglish
Physical AddressConnect Space 201, 21 Lighthouse Road, Umblanga Rocks, Durban, 4319, South Africa
Contact info

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.

FAQs

Is IsandisoFX a good for beginners?

Yes. It offers regular forex products and acceptable minimum deposit of $1, in which novice can start with small capital.

What security measures does IsandisoFX have in place to protect my funds and personal information?

No.

What trading platform does IsandisoFX have?

IsandisoFX offers the world most popular MT5 platform for trading.

User Reviews

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User comment

4

Comments

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MingRuie
more than one year
Generally, IsandisoFX is a great choice for traders like me, who want a user-friendly platform, but you might have to pay a bit more for it. Their platform is easy to use, order execution not slow...However, their spreads can be a bit wide.
Generally, IsandisoFX is a great choice for traders like me, who want a user-friendly platform, but you might have to pay a bit more for it. Their platform is easy to use, order execution not slow...However, their spreads can be a bit wide.
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2024-07-11 09:54
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Garry Lux
more than one year
IsandisoFX MT5 platform is really impressive—it's very responsive and makes trading so easy. The order execution is fast and accurate, with no slippage issues. That's the main reason I've stayed with them.
IsandisoFX MT5 platform is really impressive—it's very responsive and makes trading so easy. The order execution is fast and accurate, with no slippage issues. That's the main reason I've stayed with them.
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2024-05-29 14:36
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