FSCA warns South Africans against Fast Profit Income crypto and forex investment scheme

The Financial Sector Conduct Authority (FSCA) has issued a public warning against Fast Profit Income, urging South Africans to exercise caution before investing funds with the entity.

According to the regulator, it received information indicating that Fast Profit Income has been soliciting investments from members of the public in cryptocurrency and forex trading opportunities.

The FSCA said the company, through its website, is reportedly promoting investment opportunities with promises that investors can "Invest and earn up to 200% of their first investment."

The regulator warned that such claims should be approached with extreme scepticism.

"The FSCA cautions that such promises should be treated with great suspicion," the authority said.

While not commenting on the underlying business activities of Fast Profit Income, the regulator confirmed that the entity is not authorised to provide financial services to members of the public in South Africa.

"The FSCA confirms that Fast Profit Income is not authorised by it to provide financial services to members of the public," the regulator said.

The authority added that attempts to contact the company through the details available to it were unsuccessful.

The warning comes amid growing concerns about online investment scams, particularly those linked to cryptocurrency and forex trading. Fraudsters often use social media platforms and sophisticated marketing tactics to lure unsuspecting investors with promises of exceptional returns.

The FSCA urged consumers not to accept financial advice, assistance or investment offers from individuals or entities that are not properly authorised.

"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," the regulator said.

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This article is published on Business Point website

Updated: July 2026

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