The Financial Sector Conduct Authority (FSCA) warns the public to exercise caution when conducting financial services business with Credora FX. The FSCA received information that Credora FX, through its website https://credorafx.com, is soliciting funds from members of the public for investment purposes.
Without commenting on the business of Credora FX, the FSCA confirms that Credora FX is not authorised by the FSCA to provide financial services to members of the public. The FSCA was unable to reach Credora FX on the contact details provided to it.
To avoid unnecessary risk, the public should not accept financial advice, assistance, or investment offers from individuals or entities that are not authorised by the FSCA.
Authorised financial services providers must clearly display their authorisation status in their documentation. If this is not present, it is advised to further investigate before making any payments.
More Red Flags:
On their website Credora FX states; “This website is owned and operated by DAWSONA GROUP LIMITED, a company duly incorporated under the laws of the Union of the Comoros with Registration Number 2186818 and License Number CL20250625.”
A quick internet search for the Dawsona group Limited shows in the AI response; “There is no prominent or publicly traded corporate entity widely recognized under the exact name Dawsona Group Limited.”
Credora FX (credorafx.com) is strongly suspected of being an online investment and forex scam, and users should exercise extreme caution ~ HelloPeter
Unlicensed Entity: The platform claims operation via an offshore license from Mwali (Mohéli), which regulators like the Mwali International Services Authority (MISA) have flagged alongside warnings regarding cloned websites and fake licenses.
Not FSCA Regulated: Credora FX is not authorized by South Africa’s Financial Sector Conduct Authority (FSCA), meaning local investors have zero regulatory protection or legal recourse if funds are lost.
Withholding Funds & Upselling: Consumer complaints on HelloPeter and Trustpilot highlight difficulties or complete refusals when attempting to withdraw money, alongside high-pressure tactics demanding duplicate or additional deposits (often starting around an initial R4,400).
Deepfake Marketing: Investigations by financial journalists have tied initial advertisements for the platform to deepfake promotional videos.