Is Egoli Forex regulated, and are traders' funds safe with this broker?

https://www.egoliforex.co.za/

Dear Investor,

Egoli Forex claims to be authorized by the Financial Sector Conduct Authority (FSCA). A search of the FSCA’s licensing register does show a matching company. However, the FSCA does not publicly disclose the domain names or websites of its licensees, making it difficult to verify whether the firm in question is genuinely linked to the licensed entity.

Meanwhile, please note that the FSCA is considered an offshore regulator with relatively lenient oversight and limited investor protection. This means that holding an FSCA license alone does not provide comprehensive safeguards for your investments.

Therefore, we recommend that you still exercise caution when dealing with this broker. Be sure to conduct thorough due diligence before deciding to invest.