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. But its license of FSCA has been exceeded.
Pros and Cons
| Pros | Cons |
| MT5 supported | Exceeded license of FSCA |
| 24/7 customer service | High spread from 1.2 pips |
| Acceptable minimum deposit | |
| Various ways to deposit and withdraw |
Is IsandisoFX Legit?
IsandisoFX is not regulated due to the expiration of its license from the Financial Sector Conduct Authority (FSCA). Consequently, it affects the protection available to its traders.
| Regulatory Status | Exceeded |
| Regulated by | South Africa |
| Licensed Institution | Isandiso Sethu Investments (Pty) Ltd |
| Licensed Type | Financial Service Corporate |
| Licensed Number | 52985 |
What Can I Trade on IsandisoFX?
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 | ❌ |
Account Type
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 Fees
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.
Trading Platform
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.
Deposit and Withdrawal
IsandisoFX supports deposits and withdrawals via Bank Transfer, ozow, Skrill, VISA and NETELLER.
Customer Service
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 |
The Bottom Line
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. But its license of FSCA has been expired.
FAQs
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 security measures does IsandisoFX have in place to protect my funds and personal information?
No.
What trading platform does IsandisoFX have?
IsandisoFX offers the world most popular MT5 platform for trading.
