Company Summary
| 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.
