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TotalFX, what's your take on their rating?
Joy Khrongyut
Indonesia
Oct 24, 2025
ANSWER Dear investor, TotalFX operates under the brand name of Onam Trading (Pty) Ltd, which is regulated by the Financial Sector Conduct Authority (FSCA), under license number 51105. A search of the FSCA’s official licensing register confirms the existence of a registered entity with a matching name. However, the FSCA does not publish information about its licensees’ websites, nor does it list the brand names used by licensed firms. Consequently, we are unable to independently verify whether the TotalFX platform is genuinely affiliated with the licensed entity. It is also important to be aware that the FSCA is generally regarded as an offshore regulator with less rigorous oversight and limited investor protection measures. This means that holding an FSCA licence does not necessarily ensure strong safeguards for your funds. Therefore, we advise you to exercise caution when considering investing with this broker. Please be aware that forex trading is inherently risky, and that due diligence is of the utmost importance.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.