The South Africa Financial Sector Conduct Authority (FSCA) issued a public warning about individuals using Telegram and a lookalike website to impersonate iFX Brokers Holdings (Pty) Ltd (FSP 48021) and its Chief Executive Officer, Hannele de Necker, to solicit investments. The impersonators have set up an online presence resembling iFX Brokers’ website and are promoting investments including foreign exchange, contracts for difference, stocks and indices, with promises of unrealistic returns. iFX Brokers confirmed that neither it nor Mrs de Necker is affiliated with the administrators of the website or Telegram group, and the FSCA noted the impersonators are not authorised under any financial sector law to provide financial services and did not respond to FSCA queries. The authority urged the public to avoid unsolicited offers and to verify that a provider is FSCA-authorised, confirm the category of advice they may give, and check that the FSP number used matches the name on the FSCA database.
South Africa Financial Sector Conduct Authority 2025-08-29
South Africa Financial Sector Conduct Authority warns of Telegram and website impersonation of iFX Brokers Holdings and its CEO
The South Africa Financial Sector Conduct Authority (FSCA) warned about individuals impersonating iFX Brokers Holdings (Pty) Ltd and its CEO, Hannele de Necker, via Telegram and a lookalike website to solicit investments. The impersonators promise unrealistic returns and are not authorised under any financial sector law. The FSCA advises the public to avoid unsolicited offers and verify the legitimacy of financial service providers.