Basic Information
Registered Region 
South Africa
South AfricaOperating Period
1-2 years
Company Name
ONAM TRADING (PTY) LTD
Customer Service Email Address
support@totalfx.com
Contact Number
+27600389903
Company Website
Global Broker Regulation Inquiry App
WikiFX
WikiFX
WikiFX
Log in/ RegisterExceeded
TotalFX
1-2 years
Regulated in South Africa
Financial Service Corporate
MT5 Full License
Regional Brokers
Suspicious Overrun
Medium potential risk
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
/10
MT4/5 Identification
Full License
LicensesLicensed Entity：ONAM TRADING (PTY) LTD
License No. 51105
WikiFX Risk Alerts
Previous Detection
2025-12-13
Risk Manage
1
Account
Related Software
Biz Area
Website
Company Summary
Comment
Account
- Environment--
- Currency--
- Maximum Leverage1:1000
- SupportedEA
- Minimum Deposit--
- Minimum SpreadFrom 0.0
- Depositing Method--
- Withdrawal Method--
- Minimum Position--
- Commission$2.75 per side
- Products--
Updated：
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
148.50
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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Official website
Website
totalfx.com
Server IP104.26.0.231Server LocationICP 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
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