FSCA — South Africa
ProperFX (Pty) Ltd
Regulated · No. 49045
ProperFX Review — Overview
Regulation
Tier-2 regulated
Licence
FSCA · No. 49045
Licence status
Regulated
Platforms
MT5 (PC, Mobile, and Web)
Min. deposit
$250
Max. leverage
1:500
Instruments
Forex, Commodities, Index, Cryptocurrencies
Typical spread
From 0
Operating
Est. 2019
Main market
TR
Entity
ProperFX (Pty) Ltd
Website
Unknown
ProperFX is a forex & CFD broker based in South Africa, established in 2019. On Trust Broker Hub it holds a Trust Score of 7.6 out of 10, which we rate as Good — above the 5.3/10 average for brokers that hold a verified licence. Solid, well-regulated profile suitable for most traders.
ProperFX's licence comes from an offshore jurisdiction (FSCA). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.
ProperFX provides access to Forex, Commodities, Index, Cryptocurrencies. Published conditions include a minimum deposit of $250 and leverage up to 1:500. No complaints are currently on record. Overall, ProperFX looks like a credible option — but always verify the licence yourself and start with a small amount.
Trust score breakdown
How is this calculated?
Weighted total
7.98
Data completeness
9 of 10 facts verified
90% ×0.95
Trust Score
7.6 / 10
Trust Score history
ProperFX currently scores 7.6/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Holds a FSCA licence
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Offshore-only regulation with weaker investor protection
- Always verify the licence directly before depositing
Regulation
Tier 2 · Mid
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Forex, Commodities, Index, Cryptocurrencies, Stocks, and Precious Metals |
| Minimum deposit | $250 |
| Maximum leverage | 1:500 |
| Typical spread | From 0 |
| Platforms | MT5 (PC, Mobile, and Web) |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on ProperFX
Our analysis · editorial
7.6/10
Solid profile, with some caveats
ProperFX is regulated under a mid-tier authority (FSCA). Based in South Africa, it has been operating for about 7 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 7.6/10 — a reasonable profile.
Strengths
- Holds a recognised mid-tier licence (FSCA)
- Operating for 7 years
- No complaints on record with us
- Supports MT5 (PC & Mobile trading
- Accessible minimum deposit ($250)
Watch-outs
- Very high leverage available (1:500) — amplifies risk
Bottom line: A reasonable option, but confirm the entity you open an account with is the regulated one.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
ProperFX — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag ProperFX here if that changes.
Full specifications
Regulated region
South Africa
Operating period
2-5 years
Main market
TR
Licensed entity
ProperFX (Pty) Ltd
License status
Regulated
Instruments
Forex, Commodities, Index, Cryptocurrencies, Stocks, and Precious Metals
Year founded
2019
Frequently asked
Is ProperFX a safe broker?
ProperFX scores 7.6 / 10 on our Trust Score, above the 5.3 average for brokers that hold a verified licence. It is only offshore-regulated, which means weaker protection. It has no complaints on record with us. Trade only with funds you can afford to lose.
How is the ProperFX trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from ProperFX?
ProperFX publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.