Many Forex/CFD brokers call themselves gateways to the world of trading, financial markets, success, and prosperity. The subject of our FXSI.com review is one of them. It speaks of competitive pricing, professional support for traders, and numerous opportunities for clients. The company presents its main advantage as being licensed and operating under full regulatory oversight. We wanted to verify whether a dream project with such attractive offers had truly emerged online. At the same time, we needed to check whether this platform was just another scam trap. Our findings are detailed below.

Key Features

• Company Name: Zivalea (Pty) Ltd
• Website: https://fxsi.com/
• Available Contacts: [email protected], [email protected]; +27211099212, +27211099212
• Foundation: 2024
• Services: Forex/CFD trading
• License: № 54231 from Financial Sector Conduct Authority (FSCA), South Africa
• Initial Deposit: $250

From Sign-Up to Payout

The developers of FXSI.com’s official website attempted to create an informational resource for a licensed broker. To a large extent, they succeeded. The website looks professional and solid, is well-optimized, and contains almost no errors.

However, when it comes to content and mandatory disclosures, not everything was done properly. For example:

• The “Markets” section contains descriptions of the available trading markets, but they lack substantial useful information. Moreover, the project creators seem to have completely forgotten about contract specifications.
• There are no news updates, market analysis, useful publications, or educational materials on the site. Of course, their presence is not mandatory, but licensed companies typically provide such content. It at least reflects the expertise of the broker’s staff and contributes to the company’s reputation.
• The firm provides almost no details about its trading platform or its features. There is also no documentation available for the terminal.

FXSI.com has many other similar issues. And they are not limited to just the website’s pages but extend into the client portal as well. In the “Deposits and Withdrawals” section, users are promised near-instant transactions and a wide selection of payment methods.

However, inside the client area, we found that financial transactions can only be conducted in cryptocurrencies. Of course, offering five wallets for different blockchains might be considered a broad selection. However, presenting crypto transactions as secure and AML-compliant seems like a deliberate attempt to mislead users.

Our Trading Experience With FXSI.com

The company’s trading terminal, at first glance, does not differ much from the platforms used by many scam brokers. It is built on a price chart widget that strongly resembles the freely available tool from TradingView. However, its functionality is somewhat limited, particularly in terms of the number of available timeframes and technical indicators. That said, traders still get a decent tool for market analysis.

Unfortunately, the developers failed to create a full-fledged trading platform that could compete with the best software solutions available.

• Navigating through the market instruments is inconvenient. To select the desired asset, traders must first open the relevant category and then search for the ticker. There is no option to hide or display specific instruments. While sorting, a search function, and a “Favorites” section help to some extent, they do not significantly improve efficiency.
• The platform does not support multi-chart mode. As a result, portfolio traders may find it inconvenient to use, and in fast-moving markets, they could suffer substantial losses, along with those executing high-frequency trades.
• Even within the terminal, contract specifications are incomplete. For example, there is no information on Margin Call and Stop Out levels, execution mechanisms, etc.
• Automated trading tools are completely absent. Moreover, only a web terminal is available, with no mention of a desktop version. In other words, automated trading is not an option for FXSI.com clients.

These drawbacks may seem insignificant to beginners, but experienced traders understand that a trading platform’s performance directly impacts profitability. Why did the broker choose not to provide industry-standard platforms like cTrader or MetaTrader? We don’t have a definitive answer, but we can assume that the project owners were trying to cut costs. Another possibility is that they were unable to secure a partnership with platform providers, which can happen if a firm lacks proper legal registration.

However, FXSI.com has issues beyond just its trading platform. Before signing up, users would benefit from knowing the trading conditions, which we expected to find in the account types section.

The broker offers five account types:

• Basic — requires a minimum deposit of $250.
• Silver — requires a minimum deposit of $25,000.
• Gold — requires a minimum deposit of $100,000.
• Platinum — requires a minimum deposit of $500,000.
• VIP — terms are determined individually between the client and the broker’s representatives.

For all accounts, the maximum leverage is 1:200. Notably, the platform does not provide detailed characteristics beyond this. For example, spreads are simply described as “regular,” and for Gold accounts and above, a 20% swap rebate is mentioned. The rest of the account type table is filled with additional features meant to attract inexperienced traders, such as trading sessions during webinars or live trading support.

This is unlikely to appeal to experienced clients. They would be more interested in contract specifications, but as we have already mentioned, FXSI.com fails to provide this information.

Overall, it seems that the broker prefers to target clients with no prior experience in financial markets. At the same time, it does not clarify that many of the listed account features are not even mentioned in the client dashboard. There is no explanation of how traders would receive these services.

The broker also offers specialized accounts. For instance, any Gold or higher account holder can switch to an Islamic (swap-free) account. Additionally, FXSI.com provides Corporate and Joint accounts, but even less information is available about their trading conditions. The details the company does provide are more like promotional press releases rather than serious descriptions intended for professional clients.

The Reality Check

FXSI.com provides little information about the company on its official website. However, in the footer, the broker lists its parent firm, Zivalea (Pty) Ltd, along with its registration details, address, and license number 54231, issued by the Financial Sector Conduct Authority (FSCA). A verification check in the South African regulator’s registry confirmed these details.

However, aside from the broker’s own claims, we have no evidence proving that FXSI.com actually belongs to Zivalea (Pty) Ltd. The regulator’s database does not contain any information about websites or trade names owned by the company. Therefore, there is no documented proof that it operates this brokerage. Given how easy it is to verify licensed FSPs in the FSCA database, we cannot rule out the possibility that a scam broker is using the name and license of an existing firm to appear legitimate. Our doubts are justified, as the platform’s name and the legal entity’s name are completely different.

How Long Has FXSI.com Been in the Game?

The official website does not provide any information about the company’s registration date. However, official records confirm that it was established in 2023 and received its license in September 2024. Now, let’s compare this information with the date FXSI.com started operating online using WHOIS lookup.

Unfortunately, this time, our usual verification method turned out to be almost useless. The domain fxsi.com was created back in 2006, changed hands several times, and was repeatedly resold. Web archive snapshots show that the broker’s website was fully launched only in early January 2025. This aligns with the content on the site itself, where texts and images were published in late December 2024.

Extra Fraud Indicators

We expected that after 2.5 months of operation, there would be plenty of FXSI.com reviews. However, we were quite surprised to find that no current or former clients have left any comments about the broker’s activities.

Instead, we discovered something interesting: the company is frequently mentioned on various websites. What’s even more surprising is that hardly any of these are reputable trading or investment portals. We particularly enjoyed finding articles about the company on a site that also features content on celebs, beauty & style, and news & politics. In other words, they tried to post promotional content literally anywhere it could be done for money without much fact-checking. While this approach may temporarily improve the broker’s reputation, in the long run, it could backfire and ruin it entirely.

Is FXSI.com the Right Fit?

While writing this FXSI.com review, we couldn’t find direct proof that this project is a scam. However, its operational methods are far from those of a legitimate regulated broker. For instance, all financial transactions are processed exclusively in cryptocurrencies, trading conditions are barely disclosed, and company information remains unclear. Even the details regarding official registration and licensing raise some doubts.

Additionally, the broker’s attempt to boost its reputation by publishing positive reviews everywhere possible — regardless of relevance — makes this platform completely unappealing to those who value transparency. As a result, we cannot recommend trading with this company to our readers.

Got Questions? We Have Answers

Weighing the Benefits and Drawbacks