Basic Information
Registered Region 
South Africa
South AfricaOperating Period
5-10 years
Company Name
FOREXPEOPLE SA (PTY) LTD
Customer Service Email Address
info@forexpeople.co.za
Contact Number
+270860660067
Company Website
Global Broker Regulation Inquiry App
WikiFX
Unverified
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
/10
FOREXPEOPLE
South Africa
|
5-10 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
Suspicious Overrun
|
High potential risk
http://www.forexpeople.co.za/
Website
Rating Index
Influence
Influence
D
Influence index NO.1
South Africa 2.49Surpassed 15.20% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+27 0860 66 00 67
info@forexpeople.co.za
http://www.forexpeople.co.za/
1st Floor, Golf House, Design Quarter, William Nicol,Fourways
LicensesLicensed Entity：FOREXPEOPLE SOUTH AFRICA (PTY) LTD
License No. 35526
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
3
Biz Area
Website
Company Summary
Comment
Users who viewed FOREXPEOPLE also viewed..
EC Markets
9.07
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
EC Markets
Score
9.07
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
STARTRADER
8.57
Score
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
STARTRADER
Score
8.57
ECN Account 10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
VT Markets
8.68
Score
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
VT Markets
Score
8.68
ECN Account 5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
FXCM
9.34
Score
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
FXCM
Score
9.34
Above 20 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Official website
Website
- 196.40.97.120Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
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.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- Suspicious Overrun
- High potential risk
Write a review
Exposure
Neutral
Positive
Content you want to comment
Please enter...
Submit now
Comment 1
Write a comment
1
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now