Too many pompous words and enticing promises, yet few real proofs and facts — that’s how one could describe the brokerage company FXSI.com. The broker is based in South Africa and allegedly obtained its only license there, which is not a strong argument in favor of the platform’s security. All in all, in today’s review, we will delve into what lies behind this project — a genuine trading intermediary with favorable conditions or just an ordinary scam.
Brief Overview
- 🖥Official Website: https://fxsi.com
- ✈️Contact Address: CNR William Nicol Broadacres Drive Regus Dainfern Square 1st Floor Johannesburg, Gauteng 2055
- 📞Customer Support: +27211099212, +27211099212, support@fxsi.com
- 🔐Licensing and Accreditation: FSCA
- ⏳Track Record: 2023
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:200
- 💰Additional Services: market insights, signals, education, live trading sessions
Fxsi.com Examination
The official website of this company is a textbook example of a suspicious broker. The design is extremely basic: black text on a white background. It can hardly be called a unique style or design — rather, it reflects the creators’ desire to spend as little time and resources as possible on building the site.
The homepage features typical marketing slogans like: “Your gateway to the world of trading”, “Start Today”, and “Empower Your Trading”. These meaningless phrases are used by every other scam broker. FXSI.com provides no important specifics about trading conditions or factual information about its operations. For example, there is no mention of the founding date, the full names of the founders, the business model, or any other details. Yes, an address and even a legal entity with a license are listed, but that is not enough. Take note: serious and legitimate brokers share everything, including photos of their offices and staff. Here, there is nothing of the sort.
The site’s structure is simple. In the header: tabs for Home, Accounts, Company, Markets, More, and an “Open Account” button. However, behind these sections, there is hardly any content. Pages like “Company” or “Markets” provide no useful information — just polished texts along the lines of “we are so reliable”, “we have the best technology”, and other blah-blah. Just vague statements in English. The site is not translated into any other language.
At the very bottom, in small print, it states that the site is operated by Zivalea (Pty) Ltd, a broker registered in South Africa. It also mentions that they are an “authorized financial services provider” with FSCA license No. 54231. That remains to be verified.
All in all, the official FXSI.com website does not create the impression of a serious broker worthy of trust. It looks more like yet another project launched by anonymous individuals using ready-made templates.
Company Contacts
The broker lists a legal address in South Africa and some contact details: two phone numbers and two email addresses (for compliance and support). There is also a contact form. However, that is all. Suspiciously, the phone number is essentially just one — simply repeated. As for the email, it turned out to be fake. Yes, you cannot contact FXSI.com support, because the provided email literally does not exist.
The company clearly does not want clients to get in touch. The contact information is fake, and there are no other ways to reach any representatives. No online chat. Not even the most basic one. No messengers — not WhatsApp, not Telegram, not Viber. No social media — not a single link to Facebook, Twitter, Instagram, or LinkedIn. For comparison: XM places social media front and center, has an active community, and support responds on Telegram.
Key Conditions
The trading conditions at FXSI.com resemble a classic money-grabbing scheme — a tiered pricing model based on the principle “the more you deposit, the more important you are”. There are five account types: Basic, Silver, Gold, Platinum, and VIP. The names alone suggest that without a pile of cash, a trader is a nobody here.
The minimum deposit is $250. For this amount, users are promised: “access to 5 markets”, “regular spreads” (whatever that means), and 24/5 support. Then there’s a huge leap: $25,000, followed by $100,000, $500,000, and finally — VIP, with no price disclosed at all. The differences between plans lie in the number of additional services offered.
To receive any truly useful features from FXSI.com, one must invest at least $25,000. Who would entrust such amounts to an unknown broker without serious licenses? Clients are offered bonuses, market research, live video sessions, 2 protected trades, a customized account, and even a swap refund. The more money you invest, the higher your “rank” and the more “exclusive” your access becomes.
In the FAQ section, when asked “Are there any fees?” the response is something along the lines of “we offer competitive spreads and low fees depending on the account”. That’s it. Not a single number. Not one concrete example. No information about swaps, deposit/withdrawal fees, order slippage, requotes, or execution delays — absolutely nothing.
Exposing FXSI.com
The broker states that it operates under a license from the South African regulator FSCA via the legal entity Zivalea (Pty) Ltd. We verified this information — indeed, such a company is listed on the official FSCA registry under license number 54231.
It is important to understand that holding a South African license is not a mark of reliability. The FSCA does not require brokers, including FXSI.com, to segregate client funds; does not provide negative balance protection, does not oversee order execution, and does not regulate companies’ financial behavior at a sufficient level. In essence, this regulator is a formality that is easy to obtain — especially when compared to ASIC (Australia), the FCA (United Kingdom), or CySEC (Cyprus). These organizations impose real requirements for reporting, internal audits, operational controls, and protection of retail traders’ interests.
We checked the domain fxsi.com using WHOIS and Web Archive services and discovered something interesting: until 2025, the domain was simply parked — it hosted no trading platform whatsoever. Only at the beginning of 2025 was the site purchased, filled with template content, and launched as a “brokerage platform”. This is an entirely new project with no history, reputation, or client base. It is possible they previously operated under a different domain.
What Reviews Do Users Leave?
There are not many reviews about the broker. We found comments published as early as 2023, and judging by them, FXSI.com initially operated as a prop firm but later rebranded into a brokerage platform. Reviews became more frequent in 2024, with even more appearing in 2025. Therefore, 2023 can be considered the actual founding year.
However, the main issue is not even the launch date — it’s the fact that the company publishes fake positive reviews about itself. These reviews are generic, provide no evidence of the firm’s integrity or solvency, and lack specifics. In short, the positive feedback shows many signs of being fabricated.
Conclusions
There is nothing safe or trustworthy here. The company merely creates an illusion of profitability and security, but in reality, it has no client base and only posts fake reviews about itself. We do not recommend FXSI.com, as there is no serious regulation; the platform lacks demand among traders, and the trading conditions are concealed.
Pros/Cons
- The firm is registered with the FSCA.
- The broker publishes fake positive reviews about itself.
- No license from more serious and reputable regulators.
- Important terms and conditions such as commissions and spreads are not disclosed.
- Fake contact details.
- No guarantees of reliability — high risk of losing your deposit.
I cannot get my $500 back from fxsi.com – and I have no idea what the issue is. Verification is complete, there are no bonuses involved, but I still cannot withdraw my money. I cannot even reach the support team of this fraudulent broker. What’s wrong? Has anyone else encountered this problem? I really don’t want to believe I’ve fallen for an outright scam and fake, but it certainly looks that way. Take care of yourselves, do not take risks here – it’s not worth it.
Yes, this is just another fraudulent project. The legal entity in South Africa guarantees nothing – it’s like an offshore setup. There are no safeguards, and on top of that, they pay for fake reviews. Pff, an empty shell and a scam. Stay away from such scam brokers. Don’t even think about opening an account here.