Hi, I came across this South African broker, AssegAi FX. Could you pls check it out?

https://assegaifx.co.za/

Dear Investor,

AssegAi FX claims to operate as a trading name of AssegAi FX (Pty) Ltd, a company registered in South Africa, and further states that it acts as a juristic representative of Elite Financial Services (Pty) Ltd, an entity licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.

While we were able to locate Elite Financial Services (Pty) Ltd in the FSCA’s official register, the regulator does not publicly disclose authorized trading names, associated websites, or a comprehensive list of juristic representatives. Crucially, AssegAi FX (Pty) Ltd does not appear among the officially recorded representatives linked to Elite Financial Services in the FSCA database.

This means we cannot independently verify AssegAi FX’s claimed affiliation with the licensed firm. More importantly, AssegAi FX itself is not directly regulated by the FSCA, and there is no evidence to substantiate its representation rights. Given these inconsistencies, we believe the broker’s claims are likely fabricated.

Therefore, we continue to classify AssegAi FX as a suspicious or potentially fraudulent trading platform and strongly advise you to avoid engaging in any transactions with this entity.