FOREXPEOPLE

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

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.

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.