Score
South Africa
|
2-5 years
| https://www.isandisofx.com
Website
Rating Index
LicensesLicensed Entity：Isandiso Sethu Investments (Pty) Ltd
License No. 52985
South Africa
isandisofx.com United States
VIP is not activated.
IsandisoFX is a forex broker who provides five types of asset instruments via MT5 trading platform. It offers three types of live accounts with acceptable minimum deposits of $1.
| Pros | Cons |
| MT5 supported | High spread from 1.2 pips |
| 24/7 customer service | |
| Acceptable minimum deposit | |
| Various ways to deposit and withdraw |
IsandisoFX is regulated by FSCA with the license number of 52985.
IsandisoFX offers over 70 forex, metals such as gold and platinum, indices including Nasdaq, US500, and DE40, shares and commodities. It also supports CFDs spanning these five asset classes.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Metals | ✔ |
| Cryptocurrencies | ❌ |
| Shares | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
IsandisoFX offers three kinds of live accounts --- Mini, Standard, and Managed accounts with the minimum deposit of $1, $100 and $100 respectively. These accounts are all suitable for traders who start with a small amount of capital with acceptable minimum deposits.
| Account Type | Base Currency | Minimum Trade Size | Minimum Deposit |
| Mini | USD | 0.01 Lot | $1 |
| Standard | $100 | ||
| Managed | $100 |
IsandisoFX's three types of accounts have spread from 1.2 pips and the maximum leverage of 1:400. What's more, the spread and swaps for short and long positions vary depending on the specific asset instrument.
| Asset Instrument | Spread (pips) | Short Swap (points) | Long Swap (points) |
| Forex | |||
| CADCHF | 2.0 | -7.3 | 0.0 |
| CADJPY | 2.5 | -15.6 | 0.0 |
| Metals | |||
| Palladium | 16.55 | -0.54 | -1.61 |
| Platinum | 7.4 | -0.5 | -1.5 |
For a comprehensive understanding of their fee structure and a detailed view of their offerings, you can go through the website.
IsandisoFX provides the MetaTrader 5 (MT5) trading platform across multiple devices, including Windows, iOS, Android, and web-based versions. MT5 is an advanced online trading system that combines market charts, technical analysis, and order execution into a single, comprehensive tool.
IsandisoFX supports deposits and withdrawals via Bank Transfer, ozow, Skrill, VISA and NETELLER.
You can contact IsandisoFX through phone, email, Telegram, and WhatsApp, available 24/7.
| Contact Options | Details |
| Phone | +27 031 576 0403 |
| service@isandisofx.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English |
| Physical Address | Connect Space 201, 21 Lighthouse Road, Umblanga Rocks, Durban, 4319, South Africa |
In conclusion, IsandisoFX offers regular forex business for their traders with various trading products. It offers three kinds of accounts and MT5 trading platform, which suitable for novices and advanced traders.
Is IsandisoFX a good for beginners?
Yes. It offers regular forex products and acceptable minimum deposit of $1, in which novice can start with small capital.
What trading platform does IsandisoFX have?
IsandisoFX offers the world most popular MT5 platform for trading.
IsandisoFX offers leverage as high as 1:400. High leverage is suitable for experienced traders with risk tolerance, which means that both profits and losses are magnified 400 times.
At IsandisoFX, the minimum deposit is $1. But it changes based on the account type. For Mini accounts, it's $1. For Standard accounts, it's $100. And for management accounts, it's also $100.
IsandisoFX offers 24/7 customer service, a minimum deposit of $1, MT5 trading platform, and a variety of trading instruments, including metals, indices, forex, and commodities. However, it offers high spreads from 1.2 pips, and the license is revoked.
IsandisoFX offers three types of live accounts: Mini, Standard, and Managed. The Mini account is great for beginners. The Standard account is for general traders. The Managed account is for those who want professional help with their trading.
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Andrei2203
Russia
It has been about a year waiting for withdrawal. FSCA is not helping. The broker is a scam.
Exposure
Andrei2203
Russia
Hello. Andrey, trading account 80300129. The withdrawal of 61734.10 US dollars was blocked. They sent me a letter that I used prohibited trading methods (high frequency and arbitrage). They solved the problem according to their vision. Contacted the FSCA and the Financial Ombudsman to resolve the dispute.
Exposure
Andrei2203
Russia
Traded Bitcoin-Tether pair. The spread is very attractive, there is no commission. Earned $61,734.16. They refuse to withdraw, arguing with arbitration and high-frequency trading. Traded by hedging orders is not prohibited. The duration of orders is at least 3 minutes. All daily statements have been downloaded. Please help me withdraw funds.
Exposure
MingRuie
Singapore
Generally, IsandisoFX is a great choice for traders like me, who want a user-friendly platform, but you might have to pay a bit more for it. Their platform is easy to use, order execution not slow...However, their spreads can be a bit wide.
Neutral
Garry Lux
New Zealand
IsandisoFX MT5 platform is really impressive—it's very responsive and makes trading so easy. The order execution is fast and accurate, with no slippage issues. That's the main reason I've stayed with them.
Positive