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 | 12 | 12% |
| Offshore registration | 45 | 8% |
| Transparency (site/info/social) | 75 | 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 | Forex Trading License (EP) | 564 | South Africa | — |
| Account | Max leverage | Min. deposit | Min. spread | Commission | EA |
|---|---|---|---|---|---|
| PRESIDENTIAL ACCOUNT | Tailored Leverage | R1.000.000 | from 0.1 pip | -- | ✓ |
| EXECUTIVE ACCOUNT | 1:400 | R500.000 | from 0.1 pip | -- | ✓ |
| PLATINUM ACCOUNT | 1:300 | R100.000 | from 0.1 pip | -- | ✓ |
| GREEN ACCOUNT | 1:100 | R10.000 | from 0.1 pip | -- | ✓ |
| PREMIUM ACCOUNT | 1:200 | R30.000 | from 0.1 pip | -- | ✓ |
Across 2 recent Trustpilot reviews, 50% are 1–2 star.
0QaTrade is a forex and CFD broker based in South Africa, with records dating to 2021-07-27. 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 QaTrade review