FSCA warning · Nov 2025
Is SPO Trading Ltd legit? FSCA warning
The FSCA publicly warned in Nov 2025 that SPO Trading Ltd is not authorised to offer financial services in South Africa. Do not send it money.
Posed as a representative of FiveWest OTC Desk and used non-existent FSP credentials to solicit investments.
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Country
- 🇿🇦 South Africa
- Warning issued
- Added to Scam Watch
- Type
- Uses a fake or borrowed licence
- Pretends to be
- FiveWest OTC Desk (Pty) Ltd (the real firm is not the scammer)
List last checked against the FSCA: 24 Oct 2026.
Questions about SPO Trading Ltd
Is SPO Trading Ltd legit?
The FSCA publicly warned in Nov 2025 that SPO Trading Ltd is not authorised to offer financial services in South Africa. Do not send it money.
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 Nov 2025.
Lost money to SPO Trading Ltd? 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 If you represent this company and believe the entry is out of date, contact us with the regulator's update.