FSCA Warns Public Against Aviwe Sbahle and Forex Rehab

​The Financial Sector Conduct Authority (FSCA), South African financial markets regulator, has warned the public to act with caution when dealing with with Aviwe Sbahle and Forex Rehab.

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According to the information received by the FSCA, Aviwe advertises services as a forex trader and solicits investments from social media users through "Forex Rehab". Such trading usually takes place in a derivative (contracts for difference) in currency pairs. If Aviwe is trading in derivatives in forex pairs, it means that she requires a licence to conduct such financial services. 

The FSCA confirms that neither Aviwe nor Forex Rehab is authorised in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS Act), to render financial advisory and intermediary services. 

The FSCA warns that members of the public should always check that an entity or individual is registered with the FSCA to provide Financial Advisory & Intermediary Services and what category of advice it is that the entity is registered to provide. 

It again reminds consumers who wish to conduct financial services with an institution or person to check beforehand with the FSCA as to whether or not such institution or person is authorised to render financial services.