Broker Review

Unauthorised Firm Details

Name: Fxsi.com

Website: fxsi.com

FXSI.com presents itself as a licensed Forex/CFD broker, promising competitive trading conditions, professional support, and multiple account types. The platform claims to operate under Zivalea (Pty) Ltd with FSCA license № 54231 in South Africa. On the surface, this sounds credible, but a closer look raises several concerns.

The website looks professional but lacks critical information. Market descriptions are vague, contract specifications are missing, and there are no educational materials, news updates, or platform documentation. Deposits and withdrawals are only possible via cryptocurrency, despite promises of a broad selection of payment methods. Presenting crypto as AML-compliant seems misleading and unnecessarily opaque.

FXSI.com’s trading platform resembles a simplified TradingView widget. It is limited in functionality, with no multi-chart mode, automated trading tools, or desktop terminal. Asset navigation is cumbersome, and contract details like Margin Call or Stop Out levels are missing. Account tiers range from $250 to $500,000, with most additional features inaccessible without extremely high deposits—similar to tactics used by scam brokers to extract more funds. Specialized accounts, like Islamic or Corporate accounts, are advertised, but no practical details are available.

Despite claims of licensing, there is no proof connecting FXSI.com to Zivalea (Pty) Ltd beyond the regulator’s record. The domain fxsi.com has changed hands multiple times, and the broker’s website only launched in January 2025, just months after the company was registered. No client reviews exist, and most online mentions appear in paid promotional content across unrelated websites, raising further doubts about legitimacy.

While there is no direct evidence of fraud, FXSI.com’s practices—exclusive crypto transactions, limited transparency, minimal platform functionality, and questionable promotion—suggest it operates very differently from a reputable broker. Traders seeking a secure and transparent environment should be cautious and consider alternatives with verified track records.