A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.
| Factor | Score | Weight |
|---|---|---|
| Regulation & licensing | 68 | 35% |
| Company age | 45 | 15% |
| Clone / impersonation | 0 | 12% |
| Withdrawal & exposure complaints | 0 | 12% |
| Offshore registration | 45 | 8% |
| Transparency (site/info/social) | 53 | 10% |
Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.
| Regulator | License type | License No. | Region | Status |
|---|---|---|---|---|
| FSCA | Derivatives Trading License (EP) | 50202 | South Africa | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| VIP | -- | ZAR 553,000 | -- | -- | ✓ |
| DIAMOND | -- | RAZ 276,000 | -- | -- | ✓ |
| GOLD | -- | ZAR 185,000 | -- | -- | ✓ |
| SILVER | -- | ZAR 93,000 | -- | -- | ✓ |
| DISCOVERY | -- | ZAR 37,000 | -- | -- | ✓ |
| BASIC | -- | ZAR 3700 | -- | -- | ✓ |
There aren’t enough independent reviews for FXGM MT4 TRADERS yet to draw firm conclusions. The lack of public feedback is itself a caution sign for a smaller or newer broker.
0FXGM MT4 TRADERS is a forex and CFD broker based in South Africa, with records dating to 2023-06-15. It reports oversight from FSCA.
FXCanary’s verdict is “Guarded.” There are enough red flags that we’d urge caution before depositing.
Overview compiled by FXCanary from regulatory records and public data. full FXGM MT4 TRADERS review