Score

5.27 /10
Average

STOICFX

South Africa

1-2 years

Regulated in South Africa

Derivatives Trading License (EP)

MT5 Full License

Regional Brokers

C

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Score

Regulatory Index3.60

Business Index4.99

Risk Management Index9.26

Software Index9.02

License Index3.60

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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Company summary

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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
MT5Desktop, 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

114

Comments

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JaredLawson
3-6months
I tried their mobile app and really liked trading on the go. StoicFX made the whole process simple for me and felt secure every time.
I tried their mobile app and really liked trading on the go. StoicFX made the whole process simple for me and felt secure every time.
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2025-11-26 00:35
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FX2240722895
3-6months
My first experience using StoicFX MT5 was nice. I could understand the charts quickly and handle my trades in a simple way.
My first experience using StoicFX MT5 was nice. I could understand the charts quickly and handle my trades in a simple way.
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2025-11-24 13:07
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