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StoicFX -

Score

3.95 /10
Danger

StoicFX

South Africa

Within 1 year

Regulated in South Africa

Financial Service Corporate

MT5 Full License

Regional Brokers

Suspicious Overrun

Medium potential risk

https://stoicfx.com

Influence

C

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Comparison

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Score

Regulatory Index3.51

Business Index3.82

Risk Management Index0.00

Software Index9.02

License Index3.51

Open Account
Website

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

STOICFX (PTY) LTD

Company Abbreviation

StoicFX

Platform registered country and region

South Africa

Company website

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YouTube

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-08-02
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 53079)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

StoicFX · Company summary
StoicFXReview Summary
Founded2023
Registered Country/RegionSouth Africa
RegulationFSCA (Exceeded)
Market InstrumentsForex, Commodities, Indices, Cryptocurrencies
Demo Account✅
Leverage/
SpreadFrom 0.0 pips
Trading PlatformMT5
Minimum Deposit$10
Copy Trading✅
Customer SupportContact form
Email: Support@stoicfx.com
Social Media: Twitter, Instagram, YouTube
Address: Office 222, 2nd Floor Ingenuity Park, 3 Nandi Mthmebu Drive, Ballito, Kwa-Zulu Natal, 4420
Regional RestrictionAfghanistan, Algeria, American Samoa, Angola, Australia, Belgium, Bosnia and Herzegovina, Brazil, Cambodia, Canada, China, Cuba, Democratic People‘s Republic of Korea (DPRK), Guam, Guyana, Hong Kong, Indonesia, Iran, Iraq, Israel, Japan, Lao People’s Democratic Republic, Macao, Malaysia, Myanmar, New Zealand, Northern Mariana Islands, Panama, Papua New Guinea, Philippines, Puerto Rico, Russia, Singapore, South Korea, Sudan, Syrian Arab Republic, Taiwan, Thailand, Turkey, Uganda, US Virgin Islands, USA, Vanuatu, Vietnam, Yemen.

StoicFX Information

Founded in 2023 and registered in South Africa, StoicFX offers a variety of tradable financial instruments, including foreign exchange, commodities, indices, and cryptocurrencies, and supports the MT5 platform and flexible trading options with a minimum deposit of $10. Although it offers advantages such as demo accounts, multilingual support, 24/7 customer service, and Islamic accounts, the company is not regulated and lacks detailed information about the deposit and withdrawal process, so investors need to be cautious about the security of their funds.

StoicFX Information

Pros & Cons

ProsCons
Demo account availableExceeded license
Various trading productsRegional restriction
MT5 support availableLimited info on accounts
Copy trading supported
Low minimum deposit

Is StoicFX Legit?

StoicFX is not regulated, and traders are advised to exercise caution when trading and use funds prudently.

Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense Number
South AfricaFinancial Sector Conduct Authority(FSCA)ExceededSTOICFX (PTY) LTDFinancial Service Corporate53079
license

What Can I Trade on StoicFX?

StoicFX offers a variety of tradable financial instruments, including forex, cryptocurrencies, indices, and commodities.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
Bonds❌
Mutual Funds❌
Options❌
ETFs❌
assets

Fees

Spreads: the spread is from 0.0 pips.

Swap Fees: StoicFX offer swap-free accounts for traders adhering to Shariah law.

Fees

Trading Platform

StoicFX supports trading on the MT5 platform, which can be used on a variety of devices.

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, Mobile, WebExperienced traders
MT4❌/Beginners
Trading Platform

Deposit and Withdrawal

StoicFX supports the following payment methods: Bank Transfer, Instant EFT, Crypto, Credit/Debit Card.

Deposit and Withdrawal
Deposit and Withdrawal

User Reviews

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User comment

43

Comments

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Taynia
0-3months
I checked their license first and felt much safer trading with StoicFX after that.
I checked their license first and felt much safer trading with StoicFX after that.
Translate to English
2025-08-02 02:05
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SavannahBrooks
0-3months
The MT5 platform from their side runs fast on my system. I've had no issues.
The MT5 platform from their side runs fast on my system. I've had no issues.
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2025-07-31 22:05
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