ForexQ.com
ForexQ.com
According to its official website, ForexPeople is a South African foreign exchange services firm operating since 2003 that combines innovative technology with dedicated account managers. The site states that ForexPeople is regulated by the South African Reserve Bank (SARB) and the FSCA, gives its FSCA number as 35526, and says it is a registered accountable institution with the Financial Intelligence Centre (FIC), a founding member of the South African Association of Treasury Advisors (SAATA) and an FX Global Code signatory. It also says that ForexPeople SA (PTY) LTD (Reg. 2006/000953/07) operates as a juristic representative of Cogent Treasury Solutions under FSP number 52434. All transactions are executed in the client's name with an Authorised Dealer (a licensed South African bank), and client funds never route through ForexPeople accounts. It supports businesses with import and export payments, forward exchange contracts, foreign direct investment and foreign loan applications and SARB applications, and individuals with immigration and emigration, offshore investment allowance transfers, tuition and salary payments, trust and estate distributions and property sale proceeds. It is headquartered in Fourways (Design Quarter) and also has representatives in Durban and Cape Town. This information is the company's own statement.