Wikilix
Licence record

Maxify: FSCA licence 54512

Issuing authority
Financial Sector Conduct Authority
Jurisdiction
South Africa
Licence type
Financial Service Corporate

This is Wikilix's record of a licence issued by Financial Sector Conduct Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Sep 7, 2026

Licence Verification Record

Financial Sector Conduct Authority 54512

Recorded from the firm's own disclosure. Not yet checked against the register.

Holder
MaxifyFX
Issuing authority
Financial Sector Conduct Authority
Jurisdiction
South Africa
Licence type
Financial Service Corporate

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/maxify/licenses/financial-sector-conduct-authority/54512Fields on file 2 / 11

Open MaxifyAll Maxify licencesAbout FSCA
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 2
Jurisdiction
South Africa
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
54512
Licence type (Wikilix classification)
Financial Service Corporate
The authority

About FSCA

Financial Sector Conduct Authority is the authority that issued this licence, and the jurisdiction it applies in is South Africa.

Full name
Financial Sector Conduct Authority
Jurisdiction
South Africa
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Established
1991
Oversight
A government or statutory body
Firms we track under it
19 firms
Regulates
Forex, Bond, Stocks, Fund, Derivatives, CFD
Licences it issues
ODP Category IIA – Principal & Agency OTC Derivatives
Typical cost of a licence
USD 50,000-100,000 + ~USD 270k capital
Public register
Searchable by the public
Transparency
High

FSCA is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

FSCA's own rules for the firms it authorises.

  • Compensation schemeUp to ZAR 500,000
  • Complaints routeFSCA Dispute Resolution
  • Maximum leverage1:30
This describes the authority's regime, not how Maxify applies it.
The holder

Who holds this licence

The licence above is recorded against Maxify. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
MaxifyFX
Based in
Saint Lucia
Wikilix score
41.0the firm’s overall score, not a rating of this licence

Wikilix records Maxify as operating beyond the scope of its authorisation. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • MaxifyFXSaint Lucia · Jan 1, 2024
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences Maxify holds

2 other licences are on record for Maxify.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
MaxifyFX offers leverage up to 500:1, although the exact leverage available may vary depending on the firm and local regulations. According to WIKILIX data, leverage limits can differ by jurisdiction.
The minimum deposit amount to open an account with MaxifyFX is 15 USD. This applies across all supported deposit methods.
MaxifyFX supports deposits and withdrawals via credit/debit cards, bank wire transfers, e-wallets, cryptocurrencies like Bitcoin and USDT, and local payment methods through P2P and intermediaries. Deposits are typically instant except for bank wire transfers, which may take days. Withdrawals must be made using the original deposit method, and profits cannot be withdrawn via card.
MaxifyFX provides access to MetaTrader 5 and cTrader platforms. MetaTrader 5 supports multiple asset classes with advanced analytics, while cTrader offers professional-grade charting and automated trading features.
MaxifyFX is regulated by multiple authorities including the Financial Crimes Enforcement Network (FinCEN) in the USA, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Commission (FSC) in the Bahamas. These regulators impose various compliance and reporting requirements, but client fund insurance and investor protection levels vary by jurisdiction.
Licence 54512 was issued by Financial Sector Conduct Authority (FSCA), the financial authority for South Africa.
Maxify holds this FSCA licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the FSCA register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates FSCA tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
Yes, FSCA is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
Maxify has 2 other licences on record with Wikilix, across 2 jurisdictions. They are listed further down this page.
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