Review summary
20TRADES, operating under CONTINGENT FINANCIAL SERVICES (PTY) LTD, is a relatively new broker established in South Africa with 1-2 years of operation. WikiFX assessment indicates a low score of 1.27, reflecting significant regulatory concerns. The broker's FSCA license (No. 51149) is listed as 'Unverified,' meaning it does not hold a valid authoritative forex trading license. This absence of regulatory oversight presents a considerable risk for traders. The broker offers four account types: Standard (minimum deposit $200, leverage up to 1:200, spread from 3 pips), Bronze ($5,000, 1:300, from 2 pips), Silver ($10,000, 1:400, from 1 pip), and Gold ($20,000, 1:500, from 0.5 pips). All accounts support scalping, hedging, and EA usage. Given the unregulated status and low score, traders should approach this entity with caution. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-16)
