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Exceeded

Score

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/10

TotalFX

South Africa | 1-2 years |

https://totalfx.com/

Website

Open Account Time Machine

Rating Index

MT4/5 Identification

MT4/5

Full License

OnamTrading-Live

Italy

MT5

Influence

Influence index NO.1

Italy 3.72

MT4/5 Identification

Full License

Server Name

OnamTrading-Live MT5

Server Location

Italy

Influence

Influence index NO.1

Italy 3.72

Surpassed 41.00% brokers

Biz Area Search Statistics Advertising Social Media Index

Contact

+27 600389903

support@totalfx.com

https://totalfx.com/

14 TRINITY STREET, BLOUBERGSTRAND, CAPE TOWN, WESTERN CAPE, 7441

Licenses

FSCA Exceeded

South Africa Financial Service Corporate

Licensed Entity：ONAM TRADING (PTY) LTD

License No. 51105

WikiFX Risk Alerts

2025-11-02

This broker exceeds the business scope regulated by South Africa FSCA(license number: 51105)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

Basic Information

Registered Region

South Africa

Operating Period

1-2 years

Company Name

ONAM TRADING (PTY) LTD

Customer Service Email Address

support@totalfx.com

Contact Number

+27600389903

Company Website

https://totalfx.com/

Account

Related Software

Biz Area

Website

Company Summary

Wiki Q&A

Comment

Account

Environment

--
Currency

--
Maximum Leverage

1:1000
SupportedEA
Minimum Deposit

--
Minimum Spread

From 0.0
Depositing Method

--
Withdrawal Method

--
Minimum Position

--
Commission

$2.75 per side
Products

--

Products

Updated： 2025-11-02

MT4/5

Full License MT5

MT4 Servers

MT5 Servers

149.00

Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 5

Perfect

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Details

Official website

Website

totalfx.com

104.26.0.231

Server Location

United States
ICP registration

--
Most visited countries/areas

--
Domain Effective Date

--
Website

--
Company

--

Company Summary

TotalFX Review Summary
Founded	2000
Registered Country/Region	South Africa
Regulation	FSCA (Exceeded)
Market Instruments	Forex, shares, indices, cryptocurrencies, metals, energies, ETFs, soft commodities
Demo Account	/
Leverage	Up to 1:1000
Spread	From 0.0 pips
Trading Platform	cTrader, MT5
Copy Trading	✅
Minimum Deposit	0
Customer Support	Contact form
	Tel: +27600389903
	Email: support@totalfx.com
Regional Restrictions	United States of America, North Korea, Myanmar and Iran clients are not allowed

TotalFX Information

Founded in 2000, TotalFX is a broker registered in South Africa, offering trading on forex, shares, indices, cryptocurrencies, metals, energies, ETFs and soft commodities with leverage up to 1:1000 and spread from 0.0 pips on cTrader and MT5 trading platform. There is no minimum deposit requirement.

Pros and Cons

Pros	Cons
Various trading products	Exceeded regulation
MT5 and cTrader platforms	Unknown payment methods
Copy trading

Is TotalFX Legit?

TotalFX is licensed by FSCA to offer services but exceeded. Please be aware of the risk!

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	Financial Sector Conduct Authority (FSCA)	Exceeded	ONAM TRADING (PTY) LTD	Financial Service Corporate	51105

What Can I Trade on TotalFX?

TotalFX offers trading on forex, shares, indices, cryptocurrencies, metals, energies, ETFs and soft commodities.

Tradable Instruments	Supported
Forex	✔
Shares	✔
Indices	✔
Cryptocurrencies	✔
Metals	✔
Energies	✔
ETFs	✔
Soft commodities	✔
Bonds	❌
Options	❌

Account Type & Fees

Here are two account types TotalFX offers:

Account Type	Minimum Deposit	Spread	Commission
Zero	0	From 0.6 pips	$0
Raw	0	From 0.0 pips	$2.75 per side

Leverage

TotalFX offers maximum leverage at 1:1000 for both account types. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
cTrader	✔	Desktop, Web, Mobile, Tablet	Experienced traders
MT5	✔	Desktop, Web, Mobile, Tablet	Experienced traders
MT4	❌	/	Beginners

Keywords

1-2 years
Regulated in South Africa
Financial Service Corporate
MT5 Full License
Regional Brokers
Suspicious Overrun
Medium potential risk

Wiki Q&A

Razzie87

1-2 years

What are the pros and cons of TotalFX?

WikiFX Reply

Pros include a wide variety of trading instruments, high leverage, and advanced trading platforms like cTrader and MT5. The cons include its "Exceeded" regulation status and limited customer support channels.

Does TotalFX have any cons?

WikiFX Reply

The main con of TotalFX is its "Exceeded" regulatory status with the FSCA, which could potentially pose some risk to traders. Additionally, it has limited customer support options, with contact primarily via email and phone.