Review summary
MedFX is a broker established in 2013 and registered in South Africa, operating for 5-10 years. Its WikiFX risk assessment score of 1.56 reflects severe operational concerns. The firm claims regulation by the South African FSCA, but a detailed check reveals its listed FSCA license (INB: 48544) for insurance brokerage, not forex trading, is currently revoked. This means MedFX holds no valid, active authorization to operate as a retail foreign exchange broker from any recognized financial authority. It operates in a region flagged for scrutiny and maintains a business profile inconsistent with standard forex brokerage practices. This lack of credible, dedicated financial oversight presents a significant risk to investor capital. Notably, a user reports issues with execution, citing widening spreads and ineffective stop-loss orders during live trading. One Standard ECN account is accessible with a minimum deposit of $500 and offers leverage up to 1:200, while a Professional ECN account requires a $20,000 minimum. Overall, the combination of its revoked non-trading license, low score, and absence of proper regulatory protection categorizes this as a high-risk entity for potential traders. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-05-02)
