F-wise Capital
Basic Information
Pros and Cons
Pros
- Diverse financial products and services
- Two trading platforms available
- Access to forex, derivatives, and bonds
Cons
- Exceeded license from FSCA
- Limited information on fees and funding
- Withdrawal process concerns
Is F-wise Capital Safe and Legit?
F-wise Capital (Pty) Ltd, registered in South Africa since 2017, offers a range of trading services including forex, derivatives, bonds, and commodity derivatives. The broker provides access to its trading platforms, Avvento and Diro, with trading conditions that include leverage options and competitive spreads across various instruments.
F-wise Capital’s regulatory status is concerning, as it operates with an exceeded license from the Financial Sector Conduct Authority (FSCA), which raises significant doubts regarding its safety and legality for traders.
Market reputation for F-wise Capital is mixed, with users noting the quality of customer service but expressing concerns over withdrawal processes and the transparency of fees. Complaints often cite issues related to the exceeded licensing, leading to a general perception of high risk associated with trading through this broker.
Is F-wise Capital a Regulated Broker?
What Are the Regulatory Licenses Held by F-wise Capital?
F-wise Capital (Pty) Ltd operates under a regulatory status that raises significant concerns. The broker holds an exceeded license from the Financial Sector Conduct Authority (FSCA) in South Africa, which means it does not have valid regulatory oversight. Consequently, this situation indicates that F-wise Capital does not possess any mainstream regulated licenses and operates under conditions that may pose risks to traders. The exceeded licensing status contributes to a perception of high risk associated with trading through this broker.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| FSCA | Financial Sector Conduct Authority | F-wise Capital (Pty) Ltd | Exceeded (retrieval date: 2023-10-21) | 48564 |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
F-wise Capital (Pty) Ltd does not provide specific details regarding the protection of client funds, including whether they are held in independently regulated bank accounts. Due to its exceeded licensing status with the Financial Sector Conduct Authority (FSCA), concerns remain about the adequacy of fund protection measures in place.
F-wise Capital Leverage
The maximum leverage offered by F-wise Capital is not explicitly detailed in the available information. Given its exceeded regulatory status, it is uncertain whether the leverage complies with local regulatory limits or if it differentiates between retail and professional account configurations.
F-wise Capital Withdrawal Review
How to Contact F-wise Capital?
Does F-wise Capital Have Withdrawal Issues?
Concerns regarding withdrawal processes at F-wise Capital (Pty) Ltd are prevalent among users, with complaints predominantly related to delays and a lack of transparency in fees. Credible sources of these complaints include online forums and review platforms, where users express frustration over their experiences. The broker’s response to such complaints has been noted as inconsistent, with varying response times that can lead to further dissatisfaction. There are indications of repetitive complaints concerning withdrawal issues, likely influenced by the broker’s exceeded licensing status with the FSCA, contributing to perceptions of high risk for traders.
Frequently Asked Questions
A1: F-wise Capital (Pty) Ltd has significant safety concerns due to its exceeded license from the Financial Sector Conduct Authority (FSCA) in South Africa. This status indicates a lack of valid regulatory oversight, which poses risks for traders regarding the safety of their funds and overall trading legitimacy.
A2: F-wise Capital operates under an exceeded license from the Financial Sector Conduct Authority (FSCA), meaning it does not have valid regulatory oversight. This situation raises serious concerns about the broker’s legitimacy and the protection of traders’ interests.
A3: F-wise Capital does not provide specific information regarding the protection of client funds, including whether they are held in independently regulated bank accounts. The exceeded licensing status with the FSCA further raises questions about the adequacy of any fund protection measures in place.
A4: Yes, many users have reported concerns related to withdrawal processes at F-wise Capital, with complaints about delays and a lack of transparency in fees. These issues are often linked to the broker’s exceeded licensing status, contributing to a general perception of high risk for traders.
A5: F-wise Capital can be contacted via phone at +27 010 271 2450 or through email at forex@fwise.co.za. They also provide a contact form on their website for inquiries.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.