FSCA warning · Jan 2026
Money Mates: FSCA impersonation warning
No. The FSCA warned that this group pretends to be Bidvest Insurance Limited. The real firm says it has no link to it. Only deal with Bidvest Insurance Limited through its official website and contacts.
Used Bidvest Insurance branding to promote vehicle warranty products. Bidvest says it is not affiliated.
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Country
- 🇿🇦 South Africa
- Warning issued
- Added to Scam Watch
- Type
- Impersonates a real firm
- Where it operates
- Pretends to be
- Bidvest Insurance Limited (the real firm is not the scammer)
List last checked against the FSCA: 24 Oct 2026.
Questions about Money Mates
Is Money Mates real?
No. The FSCA warned that this group pretends to be Bidvest Insurance Limited. The real firm says it has no link to it. Only deal with Bidvest Insurance Limited through its official website and contacts.
I already sent money. What should I do?
Stop paying, keep every message and receipt, tell your bank or mobile money provider at once, and report it to the FSCA and the police. Ignore anyone who offers to recover the money for a fee.
Where is the original warning?
On the Financial Sector Conduct Authority (FSCA) website. We link to a report of the warning dated Jan 2026.
Lost money to Money Mates? Our complaint desk writes the report and gives you the official FSCA contact →
Check a real broker's licence with our forex broker check →
Other FSCA warnings
All Scam Watch warnings →This page reports a public warning by the FSCA. It is not a finding by Africa.Forex. If you represent this company and believe the entry is out of date, contact us with the regulator's update.