FCA-Regulated Forex Brokers Are Declining — 31 Platforms to Avoid
As of December 1, 2025, a total of 105 companies in the United Kingdom held CFD licences.
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Forex trader Themba Selahle aka Grootman isn’t shy about posting his lavish lifestyle on Instagram, but some claim he’s nothing but a scammer
Forex trader Themba Selahle, also known as Grootman, is once again the talk of Twitter after recently splashing out on a brand new set of wheels for his mother – and its all caught on video.

The clip, taken from his Instagram page, shows him and his visibly ecstatic mother at a deadlership. She can barely contain her excitement as car salemen (presumably) unveil a R600 000 Audi, courtesy of Grootman.
He isnt exactly shy about his lavish lifestyle as his Instagram page is littered with pics of him sporting designer clothing, driving luxury vehicles expensive getaways with his fiance.
WATCH: ‘GROOTMAN’ ACCUSED OF BEING A SCAMMER
A grateful son who has finally made it into the big leagues, shows his appreciation to his mother by forking hundreds of thousands of rands on a new German car? That is no doubt the ultimate tear-jerker, but most of the reactions to Grootman‘s video weren’t so savoury. Several people on Twitter claim Themba Selahle is nothing but a scammer.

Here is what some Tweeps had to say:
@Metjahleague – “half the people living large on ig are scammers or public funds embezzlers and were just spectators”
@sirboring_26 – “One thing about Grootman he loves hard and scams even harder ! This will be the car he uses to bounce between provinces as he runs from those he owes ! They can‘t attach an item if it’s not in his name”
@Yammie_mzizi – “All those who say they have been scammed by this guy, why don‘t they press charges? I’m sure he‘d be in prison now….noma vele they don’t care about their money?”
For now, these are merely allegations that haven‘t been substantiated – but Selahle wouldn’t exactly be the first forex trader to be accused of duping people. Sandile Shezi, who has proclaimed himself “South Africas youngest millionaire” is currently the subject of a fraud investigation by Gauteng police. Shezi is accused of defrauding his business partner out of R500 000.
The Financial Service Conduct Authority (FSCA) has warned consumers not to fall victim to bad Forex brokers and scammers purpoting to be Forex traders, particularly because it is hard to tell which ones are the real deal.
“Members of the public should always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary Services and what category of advice it is that the entity is registered to provide. There are instances where persons are registered to provide basic advisory services for a low risk product and then offer services of a far more complex and risky nature,” the FSCA said.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

As of December 1, 2025, a total of 105 companies in the United Kingdom held CFD licences.

Has Dbinvesting failed to honor your fund withdrawal requests? Did you notice that the broker remained fine when you were losing and turned worse as your numbers gained on the Dbinvesting login? Did the broker wipe out your profits and block your trading account? Many such allegations from users across India, the US and other regions have become headlines on broker review platforms such as WikiFX. To make it comprehensive, we have prepared an in-depth investigation report into user allegations, the company’s products and services, and, importantly, regulatory status, in this Dbinvesting review article.

Times are tough for the rupee as it again slipped to 95 against the USD towards the end of April 2026 after some gains due to the RBI-led interventions early this month. The depreciation is largely attributable to surging crude oil prices. The prices climbed to their 3-year high over the US-Iran conflict. On April 30, 2026, the rupee opened at 95.02 mark against the USD, sliding 0.2% from its previous day’s ending at 94.84 against the greenback. As the day progressed, it slipped further to a new record low of 95.32 against the USD, beating the earlier fall of 95.22 in March 2026.

When you ask, "Is AssetsFX legit?", you're asking an important question about keeping your funds safe. After looking at all the available information, the answer is concerning: AssetsFX shows serious risks that traders should worry about. Our research found multiple problems that can't be overlooked. WikiFX, a website that checks brokers worldwide, gives AssetsFX only 2.44 points out of 10. They also warn users: "Low score, please stay away!" This very low rating isn't random. It comes from two main problems: the company doesn't have proper licenses from respected authorities, and many users have complained about losing funds. This article will explain the evidence behind this rating, giving you the facts you need to make a smart choice and protect your investments.