TotalFX
Abstract：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.
| 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 |
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