Sharenet CFDs

Sharenet CFDs is a South African retail forex and CFD broker founded on 22 March 2019, operating under the domain sharenet.co.za. The company describes itself as part of the Sharenet Group, which also includes Sharenet Securities and other entities. Its registered address is Anzio Building 1, Village Crescent, Bellville, Cape Town 7550.

According to our regulatory records, the broker claims a history dating back to 1988, though the current corporate entity was registered in 2019. The broker targets both local and international clients, with a particular focus on South African traders by offering access to the Johannesburg Stock Market (JSE) and spot shares for residents.

Sharenet CFDs reports two license entries with the Financial Sector Conduct Authority (FSCA) of South Africa, both listed as “Derivatives Trading License (EP)”. However, the status of these licenses is not explicitly stated in our records, meaning we cannot confirm whether they are active, suspended, or pending.

The absence of a clear regulatory standing is a significant concern. The FSCA is a respected regulator, but without confirmed active status, clients cannot rely on standard regulatory protections such as dispute resolution or compensation schemes. Traders should independently verify the license status via the FSCA’s public register.

The broker offers trading across five asset classes: currency pairs (forex), CFDs on indices, energy products (e.g., crude oil), precious metals (e.g., gold), and bonds. For South African residents, spot shares are also available, providing direct access to the Johannesburg Stock Exchange.

This product range is typical for a CFD broker, though the inclusion of bonds is less common among retail brokers. The broker’s emphasis on JSE access may appeal to traders seeking local market exposure.

Our records do not contain specific details about account types, minimum deposits, spreads, or trading platforms offered by Sharenet CFDs. The broker’s website (sharenet.co.za) was not accessible in our web search, so we cannot confirm the platforms (e.g., MetaTrader 4/5) or account tiers.

Given the lack of publicly available information, traders should approach with caution. A legitimate broker typically publishes these details transparently. The absence raised our risk score to 41/100 (Guarded).

No information on deposit methods, withdrawal policies, or customer support channels was found in our research. The broker’s website did not appear in our search results, and we have no independent data to verify funding options.

This opacity is a red flag. Reliable brokers provide clear payment and support details. Until Sharenet CFDs publishes such information, traders should consider alternative brokers with established transparency.

FXCanary’s scam risk score for Sharenet CFDs is 41 out of 100, placing it in the “Guarded” zone. This score reflects the lack of verifiable regulatory status, the absence of public client reviews, and the difficulty in confirming the broker’s website claims.

Traders should exercise extreme caution. Without a confirmed active FSCA license and transparent disclosures, the broker presents elevated counterparty risk. We recommend independent verification of all claims before depositing funds.