Score
South Africa
|
5-10 years
| http://www.fwise.co.za/
Website
Rating Index
Influence
D
Influence index NO.1
South Africa 2.56
LicensesLicensed Entity：F-WISE CAPITAL (PTY) LTD
License No. 48564
South Africa fwise.co.za South Africa| F-wise Capital Review Summary | |
| Founded | 2017 |
| Registered Country/Region | South Africa |
| Regulation | Exceeded license of FSCA |
| Market Instruments | Forex, derivatives, bond, futures, and commodity derivatives, and more |
| Demo Account | / |
| Leverage | / |
| EUR/ USD Spread | / |
| Trading Platforms | Avvento Trading System and Diro OnlineTrading System |
| Minimum Deposit | / |
| Customer Support | Phone, email and contact form |
F-Wise Capital (Pty) Ltd, a JSE member, is a subsidiary of Farmwise Grains, founded in 1997. It is one of the original members of the Agricultural Markets Division of Safex, now part of the JSE's Commodity Derivatives Market. It offers all kinds of fianancial products and services through its two trading platform. However, their license of FSCA has been exceeded.
| Pros | Cons |
| Diverse financial products and services | Exceeded license of FSCA |
| Two trading platform across many devices | Limited information about accounts, fees, funding methods and so on |
F-wise Capitals license of the Financial Sector Conduct Authority (FSCA) has been exceeded, holding the license type: Financial Service Corporate with the license number: 48564.
| Regulatory Status | Exceeded |
| Regulated by | South Africa |
| Licensed Institution | F-Wise Capital (PTY) Ltd |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 48564 |
In F-wise Capital, you can trade forex, derivatives, futures, bond and commodity derivatives, and more. They offer forex spot and forward products through the various banks, fixed Income derivatives and Forex/Currency trading on the JSEs IRC Market (formerly known as Yield-X), Commodity Derivatives trading on the JSE.
Aparting from offering trading in many products, F-Wise Capital also offers price risk management services, including swap contracts, option contracts, hedging on JSEs IRC, and traditional Forward Exchange Contracts (FECs). They structure packaged option and futures deals for producers and provide daily reporting.
F-wise Capital offers two trading platform: Avvento Trading System and Diro Online Trading System.
Avvento Trading System supports multi-asset watchlists, depth screens, and basic technical analysis tools, allowing trading directly from these screens. Deal management is intuitive, with off-screen trades and commissions. A mobile version is available for on-the-go trading.
Diro Online Trading System is preferred for JSE markets. It includes a charting package with hundreds of technical indicators and drawing tools. Direct connectivity to the JSE ensures fast and reliable information and trade execution. Real-time risk management and advanced encryption keep data secure. The platform also offers SMS deal alerts and a programmable API for algorithmic traders.
F-wise Capital offers phone, email and contact info to contact them.
| Contact Options | Details |
| Phone | 010 271-2450/ 010 060-0121 |
| forex@fwise.co.za | |
| Contact Form | ✔ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English |
| Physical Address | 1st Floor, 292 Surrey Avenue, Cnr Harley Street, Ferndale, Randburg, GAUTENG |
In summary, F-Wise Capital is more suitable for experienced traders. They provide sophisticated products and services, along with unique trading conditions via two platforms that require deep adaptation. However, there is an issue concerning their license expiry.
Is F-wise Capital safe?
No. They have an exceeded license.
Is F-wise Capital a good for beginners?
No. Novices have no access to get familiar with their trading conditions quickly.
At F-wise Capital, are there any regional restrictions for traders?
No.
F-Wise Capital supports a range of payment methods, including bank transfers and various e-wallet options. However, specific details regarding which methods are supported have not been provided on their website.
The primary downside of F-Wise Capital is its exceeded FSCA license, leaving the broker unregulated. Additionally, there is limited transparency regarding account types, fees, and funding methods, which may cause concerns for potential clients.
F-Wise Capital does not provide specific information about its fees on the website. Traders should contact customer support to get detailed fee structures, including commissions, spreads, and overnight fees.
F-Wise Capital offers leverage based on the financial product. For forex, derivatives, and commodities, the leverage can go up to 1:1000. However, the leverage for stock CFDs and other instruments might be lower, such as 1:20.
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