FSCA — South Africa
Soolike Capital Markets Pty Ltd
Regulated · No. 53244
SOOLIKE Review — Overview
Regulation
Tier-2 regulated
Licence
FSCA · No. 53244 • SOUTH
Licence status
Regulated
Platforms
MT5
Min. deposit
$100
Max. leverage
1:500
Instruments
Forex and CFDs
Typical spread
From 0.0 pip
Operating
Est. 2010
Entity
Soolike Capital Markets Pty Ltd
Website
Unknown
SOOLIKE is a forex & CFD broker based in South Africa, established in 2010. On Trust Broker Hub it holds a Trust Score of 7.9 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.
SOOLIKE's licence comes from an offshore jurisdiction (FSCA, SOUTH and AFRICA). 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.
SOOLIKE provides access to forex and CFDs. Published conditions include a minimum deposit of $100 and leverage up to 1:500. No complaints are currently on record. Overall, SOOLIKE 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
8.30
Data completeness
9 of 10 facts verified
90% ×0.95
Trust Score
7.9 / 10
Trust Score history
SOOLIKE currently scores 7.9/10. 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
SOUTH — South Africa
Soolike Capital Markets Pty Ltd
Licence
Tier 3 · Offshore
Verified
AFRICA — South Africa
Soolike Capital Markets Pty Ltd
Licence
Tier 3 · Offshore
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 | Not disclosed |
| Minimum deposit | $100 |
| Maximum leverage | 1:500 |
| Typical spread | From 0.0 pip |
| Platforms | MT5 |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on SOOLIKE
Our analysis · editorial
7.9/10
Solid profile, with some caveats
SOOLIKE is regulated under a mid-tier authority (FSCA, SOUTH, AFRICA). Based in South Africa, it has been operating for about 16 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 7.9/10 — a reasonable profile.
Strengths
- Holds a recognised mid-tier licence (FSCA, SOUTH, AFRICA)
- Holds 3 regulatory licences across multiple jurisdictions
- Long 16-year operating track record
- No complaints on record with us
- Supports MT5 trading
- Accessible minimum deposit ($100)
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
SOOLIKE — Questions & Answers
Log in to ask a question about SOOLIKE.
No questions yet about SOOLIKE. Be the first to ask — answers from the community and our team help every trader.
Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag SOOLIKE here if that changes.
Full specifications
Regulated region
South Africa
Operating period
2-5 years
Licensed entity
Soolike Capital Markets Pty Ltd
License status
Regulated
Year founded
2010
Frequently asked
Is SOOLIKE a safe broker?
SOOLIKE scores 7.9 / 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 SOOLIKE 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 SOOLIKE?
SOOLIKE publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.