Review summary
DEDA Capital Markets (Pty) Ltd, operating under the trading name HOTRADES, has been in business for 2–5 years and is registered in South Africa. The broker offers three account types: Discovery (minimum deposit $100, leverage up to 1:100, spreads from 1.5 pips), Prime (minimum $5,000, leverage up to 1:300, spreads from 0.8 pips), and Master (minimum $20,000, leverage up to 1:500, spreads from 0.3 pips), with support for scalping, hedging, and Expert Advisors. According to WikiFX, the broker's FSCA Derivatives Trading License (number 50640) is listed as "Unverified," meaning it does not currently hold a verified regulatory license from a recognized authority. This lack of verified oversight raises concerns about the safety of client funds and operational transparency. The WikiFX assessment gives the broker a total score of 1.31, reflecting a low overall rating. In summary, DEDA Capital Markets (Pty) Ltd presents a regulatory profile that is unverified, and its low score underscores the importance of due diligence for potential traders. 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: 2026-07-17)
