FOREXPEOPLE Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-06-19 10:53

Abstract：　　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 Review Summary
Founded	2004
Registered Country/Region	South Africa
Regulation	FSCA (Suspicious clone)
Market Instrument	Forex
Demo Account	/
Leverage	/
Spread	/
Trading Platform	/
Minimum Deposit	/
Customer Support	Live 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.

Pros and Cons

Pros	Cons
Multiple contact channels	Suspicious clone FSCA license
Live chat support	Limited 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 Country	Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
	Financial Sector Conduct Authority (FSCA)	Suspicious Clone	FOREXPEOPLE SOUTH AFRICA (PTY) LTD	Financial Service Corporate	35526

What Can I Trade on FOREXPEOPLE?

　　FOREXPEOPLE only offers trading in forex.

Trading Asset	Available
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.