Score

3.61 /10
Danger

F-wise Capital

South Africa

5-10 years

Regulated in South Africa

Financial Service Corporate

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

D

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Comparison

Quantity 2

Exposure

Time Machine
Website

Score

Regulatory Index3.51

Business Index6.94

Risk Management Index0.00

Software Index4.00

License Index3.51

Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

F-Wise Capital (PTY) Ltd

Company Abbreviation

F-wise Capital

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 : 2024-11-16
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 48564)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

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Pyramid scheme complaint
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F-wise Capital · Company summary
F-wise Capital Review Summary
Founded2017
Registered Country/RegionSouth Africa
RegulationExceeded license of FSCA
Market InstrumentsForex, derivatives, bond, futures, and commodity derivatives, and more
Demo Account/
Leverage/
EUR/ USD Spread/
Trading PlatformsAvvento Trading System and Diro OnlineTrading System
Minimum Deposit/
Customer SupportPhone, email and contact form

F-Wise Capital (Pty) Ltd, a JSE member, is a subsidiary of Farmwise Grains, founded in 1997. It is one of the original members of the Agricultural Markets Division of Safex, now part of the JSE's Commodity Derivatives Market. It offers all kinds of fianancial products and services through its two trading platform. However, their license of FSCA has been exceeded.

F-Wise Capital's homepage

Pros and Cons

ProsCons
Diverse financial products and servicesExceeded license of FSCA
Two trading platform across many devicesLimited information about accounts, fees, funding methods and so on

Is F-wise Capital Legit?

F-wise Capitals license of the Financial Sector Conduct Authority (FSCA) has been exceeded, holding the license type: Financial Service Corporate with the license number: 48564.

Regulatory StatusExceeded
Regulated bySouth Africa
Licensed InstitutionF-Wise Capital (PTY) Ltd
Licensed TypeFinancial Service Corporate
Licensed Number48564
Exceeded FSCA license

What Can I Trade on F-wise Capital?

In F-wise Capital, you can trade forex, derivatives, futures, bond and commodity derivatives, and more. They offer forex spot and forward products through the various banks, fixed Income derivatives and Forex/Currency trading on the JSEs IRC Market (formerly known as Yield-X), Commodity Derivatives trading on the JSE.

What Can I Trade on F-wise Capital?

Services

Aparting from offering trading in many products, F-Wise Capital also offers price risk management services, including swap contracts, option contracts, hedging on JSEs IRC, and traditional Forward Exchange Contracts (FECs). They structure packaged option and futures deals for producers and provide daily reporting.

Services

Trading Platform

F-wise Capital offers two trading platform: Avvento Trading System and Diro Online Trading System.

Avvento Trading System supports multi-asset watchlists, depth screens, and basic technical analysis tools, allowing trading directly from these screens. Deal management is intuitive, with off-screen trades and commissions. A mobile version is available for on-the-go trading.

Avvento Trading System

Diro Online Trading System is preferred for JSE markets. It includes a charting package with hundreds of technical indicators and drawing tools. Direct connectivity to the JSE ensures fast and reliable information and trade execution. Real-time risk management and advanced encryption keep data secure. The platform also offers SMS deal alerts and a programmable API for algorithmic traders.

Diro Online Trading System

Customer Service

F-wise Capital offers phone, email and contact info to contact them.

Contact OptionsDetails
Phone010 271-2450/ 010 060-0121
Emailforex@fwise.co.za
Contact Form
Online Chat
Social Media
Supported LanguageEnglish
Website LanguageEnglish
Physical Address1st Floor, 292 Surrey Avenue, Cnr Harley Street, Ferndale, Randburg, GAUTENG
Contact info

The Bottom Line

In summary, F-Wise Capital is more suitable for experienced traders. They provide sophisticated products and services, along with unique trading conditions via two platforms that require deep adaptation. However, there is an issue concerning their license expiry.

FAQs

Is F-wise Capital safe?

No. They have an exceeded license.

Is F-wise Capital a good for beginners?

No. Novices have no access to get familiar with their trading conditions quickly.

At F-wise Capital, are there any regional restrictions for traders?

No.

User Reviews

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User comment

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Comments

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Zaff Ismail
more than one year
F-wise Capital is a company that will use various methods to steal your money! I know this because, sadly, I was one of the victims. They use their own trading platform so they can easily manipulate your account...
F-wise Capital is a company that will use various methods to steal your money! I know this because, sadly, I was one of the victims. They use their own trading platform so they can easily manipulate your account...
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2023-03-09 09:56
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