FSCA Regulated Forex Brokers

FSCA, or the Financial Sector Conduct Authority, is an established financial regulator founded in 2018 and headquartered in Pretoria, South Africa.

This regulator monitors all financial institutions that offer financial products and services under the Financial Sector Regulation Act of 2017. The regulated entities include banks, insurers/micro insurers, FAIS (Financial Advisory and Intermediary Services), CIS, hedge funds, retirement funds, administrators, credit ratings, capital markets, and market infrastructure. Moreover, various Forex brokers are regulated by FSCA under the category of FAIS.
FSCA Regulated Forex Brokers in South Africa

What are FSCA’s responsibilities?

FSCA has many responsibilities, but the four following are the main priorities:

🔸 Ensuring the stability of financial markets
🔸 Encouraging fair treatment for all financial customers
🔸 Providing financial education and necessary warnings
🔸 Maintaining the integrity of financial markets

The organization aims to foster a fair, efficient, and resilient financial system in South Africa by implementing five core values in its practices as follows:

✔️ Excellence: high standards of professionalism
✔️ Integrity and Accountability: transparent, fair, honest, and consistent
✔️ Collaboration: cooperation, mutual respect, and trust
✔️ Agility: prompt, innovative, and smart
✔️ Sustainability: responsible practices

Due to these responsibilities, FSCA can hold accountable anyone or any financial institution that jeopardizes the financial well-being of consumers under its jurisdiction. FSCA has the power to impose remedial and enforcement actions on individuals, companies, institutions, and brokers that do not comply with the rules and regulations. These actions include placing an institution under curatorship, imposing an administrative penalty, or even revoking the licenses of said institutions, to either partly restrict their financial activities or stop them altogether. The list of financial institutions that receive enforcement actions and other related information can be found on the FSCA website.

To maintain transparency, FSCA also publishes annual reports regularly. These reports are also available on the official website.

How does FSCA regulate Forex brokers?

Before Forex brokers and financial entities are allowed to conduct business, they are thoroughly checked by FSCA on various aspects. To obtain an FSCA license, brokers must provide documents on operational capital requirements, compliance functions, human resources, proof of physical address, and so on, to verify that they are eligible to conduct financial activities.

As a dedicated market conduct regulator in South Africa, FSCA is responsible for the regulation and supervision of the market behavior under its jurisdiction. To achieve its objectives, FSCA implements a range of rules and regulations that must be obeyed by Forex brokers and financial service companies. In addition, FSCA cooperates and collaborates with various domestic and international regulatory authorities.

If there are any problems or complaints related to the regulated entities, you can file a complaint via email, SMS, telephone, or the FSCA form on the website.

How to check the FSCA license?

Financial institutions that own the FSCA licenses are listed on the FSCA website. You can do a quick search on the online database to see whether a Forex broker is truly licensed and allowed to provide retail trading services.

Next, you just need to type in specific details about the broker, such as the license number or company name. Usually, you can find a broker’s license number at the bottom of its website page or on the regulation page. As for the company name, do not confuse it with the brand name, because they are different. This information is usually provided at the bottom of the broker’s homepage.

List of FSCA Regulated Brokers in South Africa

These are several reputable Forex brokers, regulated by FSCA, along with their registered company names and license numbers.
FP Markets South Africa
FP Markets south africa
Broker name: FP Markets
Company name: FP Markets (Pty) Ltd
FSCA License: 50926
Minimum Deposit: $100
Account Types: Standard, Raw
Leverage: 1:500
Spread: Floating
Platforms: MT4/5, WebTrader, Mobile, IRESS, cTrader
Payment Methods: Bank wire, Credit Cards, Cryptos, Neteller, Skrill
Other Regulations: ASIC, CySEC, FSCA, FSA, ESMA
Country: Australia
Support Desk: Email, Live chat, Phone
XM South Africa
XM south africa
Broker name: XM
Company name: KEY WAY FINANCIAL (PTY) LTD
FSCA License: 49976
Minimum Deposit: $1
Account Types: Micro, Standard, Zero
Leverage: 1:1000
Spread: Floating
Platforms: MT4/5, WebTrader, Mobile
Payment Methods: Bank wire, Credit Cards
Other Regulations: CySEC, IFSC, ASIC, FCA, DFSA
Country: Cyprus
Support Desk: Email, Live chat, Phone
FBS South Africa
fbs south africa
Broker name: FBS
Company name: TRADE STONE SA (PTY) LTD
FSCA License: 50885
Minimum Deposit: $1
Account Types: Micro, Cent, Standard, ECN, Zero-Spread
Leverage: 1:3000
Spread: Floating & Fixed
Platforms: MT4/5, WebTrader, Mobile
Payment Methods: Bank wire, Credit Cards, Cryptos
Other Regulations: CySEC, IFSC, ASIC
Country: Cyprus
Support Desk: Email, Live chat, Phone
Exness South Africa
exness south africa
Broker name: Exness
Company name: Exness ZA (PTY) LTD
FSCA License: 51024
Minimum Deposit: $1
Account Types: Micro, Classic, ECN
Leverage: 1:2000
Spread: Floating
Platforms: MT4/5, WebTrader, Mobile
Payment Methods: Bank wire, Credit Cards, Cryptos
Other Regulations: CySEC, FSA, FSC
Country: Cyprus
Support Desk: Email, Live chat, Phone
Forex Brokers in other categories:
Forex Brokers in South Africa

High Risk Warning: Trading in Forex and CFD markets carry a high level of risk and may not bbe suitable for all type of investors; Before deciding to trade, please make sure that you understand the risks fully.

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