Global Broker Regulation Inquiry App
WikiFX
Exceeded
Score
0
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0
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/10
TotalFX
South Africa
|
1-2 years
|
Regulated in South Africa
|
Financial Service Corporate
|
MT5 Full License
|
Regional Brokers
|
Suspicious Overrun
|
Medium potential risk
https://totalfx.com/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
OnamTrading-Live
Italy
2
Influence
C
Influence index NO.1
Italy 3.72MT4/5 Identification
MT4/5 Identification
Full License
2
Server Name
OnamTrading-Live MT5
Server Location Italy
ItalyInfluence
Influence
C
Influence index NO.1
Italy 3.72Surpassed 41.00% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+27 600389903
support@totalfx.com
https://totalfx.com/
14 TRINITY STREET, BLOUBERGSTRAND, CAPE TOWN, WESTERN CAPE, 7441
Licenses
Licensed Entity：ONAM TRADING (PTY) LTD
License No. 51105
WikiFX Risk Alerts
2025-10-29
- This broker exceeds the business scope regulated by South Africa FSCA(license number: 51105)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
Basic Information
Registered Region South Africa
South AfricaOperating Period
1-2 years
Company Name
ONAM TRADING (PTY) LTD
Customer Service Email Address
support@totalfx.com
Contact Number
+27600389903
Company Website
Account
Related Software
Biz Area
Website
Company Summary
Wiki Q&A
Comment
Account
Environment
--
Currency
--
Maximum Leverage
1:1000
SupportedEA
Minimum Deposit
--
Minimum Spread
From 0.0
Depositing Method
--
Withdrawal Method
--
Minimum Position
--
Commission
$2.75 per side
Products
--
Updated：
2025-10-29
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
149.00
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 5
Perfect
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Official website
Website
totalfx.com
104.26.0.231
Server Location
United StatesICP registration
--
Most visited countries/areas
--
Domain Effective Date
--
Website
--
Company
--
Company Summary
| TotalFX Review Summary | |
| Founded | 2000 |
| Registered Country/Region | South Africa |
| Regulation | FSCA (Exceeded) |
| Market Instruments | Forex, shares, indices, cryptocurrencies, metals, energies, ETFs, soft commodities |
| Demo Account | / |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips |
| Trading Platform | cTrader, MT5 |
| Copy Trading | ✅ |
| Minimum Deposit | 0 |
| Customer Support | Contact form |
| Tel: +27600389903 | |
| Email: support@totalfx.com | |
| Regional Restrictions | United States of America, North Korea, Myanmar and Iran clients are not allowed |
TotalFX Information
Founded in 2000, TotalFX is a broker registered in South Africa, offering trading on forex, shares, indices, cryptocurrencies, metals, energies, ETFs and soft commodities with leverage up to 1:1000 and spread from 0.0 pips on cTrader and MT5 trading platform. There is no minimum deposit requirement.
Pros and Cons
| Pros | Cons |
| Various trading products | Exceeded regulation |
| MT5 and cTrader platforms | Unknown payment methods |
| Copy trading |
Is TotalFX Legit?
TotalFX is licensed by FSCA to offer services but exceeded. Please be aware of the risk!
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Financial Sector Conduct Authority (FSCA) | Exceeded | ONAM TRADING (PTY) LTD | Financial Service Corporate | 51105 |
What Can I Trade on TotalFX?
TotalFX offers trading on forex, shares, indices, cryptocurrencies, metals, energies, ETFs and soft commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Shares | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Metals | ✔ |
| Energies | ✔ |
| ETFs | ✔ |
| Soft commodities | ✔ |
| Bonds | ❌ |
| Options | ❌ |
Account Type & Fees
Here are two account types TotalFX offers:
| Account Type | Minimum Deposit | Spread | Commission |
| Zero | 0 | From 0.6 pips | $0 |
| Raw | 0 | From 0.0 pips | $2.75 per side |
Leverage
TotalFX offers maximum leverage at 1:1000 for both account types. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| cTrader | ✔ | Desktop, Web, Mobile, Tablet | Experienced traders |
| MT5 | ✔ | Desktop, Web, Mobile, Tablet | Experienced traders |
| MT4 | ❌ | / | Beginners |
Keywords
- 1-2 years
- Regulated in South Africa
- Financial Service Corporate
- MT5 Full License
- Regional Brokers
- Suspicious Overrun
- Medium potential risk
Wiki Q&A
Razzie87 
1-2 years
What are the pros and cons of TotalFX?
Pros include a wide variety of trading instruments, high leverage, and advanced trading platforms like cTrader and MT5. The cons include its "Exceeded" regulation status and limited customer support channels.
Broker Issues
Regulation
07-25
United States
mohdfazlan
1-2 years
Does TotalFX have any cons?
The main con of TotalFX is its "Exceeded" regulatory status with the FSCA, which could potentially pose some risk to traders. Additionally, it has limited customer support options, with contact primarily via email and phone.
Broker Issues
Regulation
07-22
United States
edgeisedge
1-2 years
What are the commission fees on TotalFX?
On the Raw account, TotalFX charges a commission of $2.75 per side per $100,000 traded. The Zero account has no commission fees.
Broker Issues
Fees and Spreads
06-26
United States
mohdfazlan
1-2 years
What leverage does TotalFX offer?
TotalFX offers leverage up to 1:1000 on most of its accounts, providing traders with the ability to maximize their trading positions.
Broker Issues
Platform
Account
Instruments
Leverage
06-17
United States
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