RegulationFSCA
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Check FSCA-Regulated Brokers
Moderate oversightFinancial Sector Conduct Authority
The Financial Sector Conduct Authority regulates the conduct of financial institutions in South Africa. Forex and CFD brokers operate under a Financial Services Provider (FSP) licence. The FSCA focuses on fair treatment of customers and disclosure, with lighter leverage restrictions than the UK or EU.
56licensed brokers
Official registerLeverage cap (retail)
No hard cap (broker discretion)
Client money
Client funds should be held separately from company funds.
Compensation scheme
No central compensation scheme
Jurisdiction
South Africa
Licence categories
The types of authorisation this regulator issues to brokers.
- Financial Services Provider (FSP) licence
- Derivatives / OTC provider authorisation
Investor protections
Safeguards available to clients under this regime.
- Treating Customers Fairly (TCF) framework
- FAIS Ombud for complaints
- Disclosure and suitability requirements
FSCA-regulated brokers
Brokers on BrokerBazaar that hold a FSCA licence.
Exness – Check Exness regulation and read the exness broker review
84/100·Min $10
AvaTrade – Check AvaTrade regulation and read the avatrade broker review
84/100·Min $100
OctaFX – Check OctaFX regulation and read the octafx broker review
79/100·Min $25
HFM (HotForex) – Check HFM (HotForex) regulation and read the hfm (hotforex) broker review
82/100·Min $20
Tickmill – Check Tickmill regulation and read the tickmill broker review
76/100·Min $100
IG Markets Limited – Check IG Markets Limited regulation and read the ig markets limited broker review
85/100·Min $250
FP Markets – Check FP Markets regulation and read the fp markets broker review
82/100·Min $100
Vantage – Check Vantage regulation and read the vantage broker review
82/100·Min $50
Trive South Africa – Check Trive South Africa regulation and read the trive south africa broker review
68/100·Min $1
CMTrading – Check CMTrading regulation and read the cmtrading broker review
74/100·Min $100
Scope Markets – Check Scope Markets regulation and read the scope markets broker review
72/100·Min $50
Trade Nation – Check Trade Nation regulation and read the trade nation broker review
67/100·Min $0
FXTM – Check FXTM regulation and read the fxtm broker review
81/100·Min $30
BDSwiss – Check BDSwiss regulation and read the bdswiss broker review
77/100·Min $10
GTCFX – Check GTCFX regulation and read the gtcfx broker review
77/100·Min $0
VT Markets – Check VT Markets regulation and read the vt markets broker review
79/100·Min $50
STARTRADER – Check STARTRADER regulation and read the startrader broker review
77/100·Min $1
ATFX – Check ATFX regulation and read the atfx broker review
80/100·Min $100
INFINOX – Check INFINOX regulation and read the infinox broker review
80/100·Min $50
CAPEX.com – Check CAPEX.com regulation and read the capex.com broker review
78/100·Min $100
NAGA – Check NAGA regulation and read the naga broker review
79/100·Min $250
FXCM – Check FXCM regulation and read the fxcm broker review
82/100·Min $50
Hantec Markets – Check Hantec Markets regulation and read the hantec markets broker review
80/100·Min $10
Ultima Markets – Check Ultima Markets regulation and read the ultima markets broker review
79/100·Min $50
Moneta Markets – Check Moneta Markets regulation and read the moneta markets broker review
79/100·Min $50
CFI Financial – Check CFI Financial regulation and read the cfi financial broker review
79/100·Min $0
Mitrade – Check Mitrade regulation and read the mitrade broker review
80/100·Min $50
Taurex – Check Taurex regulation and read the taurex broker review
75/100·Min $0
XS.com – Check XS.com regulation and read the xs.com broker review
82/100·Min No minimum deposit
IronFX – Check IronFX regulation and read the ironfx broker review
74/100·Min $50
XChief – Check XChief regulation and read the xchief broker review
78/100·Min $10
TradeQuo – Check TradeQuo regulation and read the tradequo broker review
77/100·Min From $1, depending on payment system
EasyEquities – Check EasyEquities regulation and read the easyequities broker review
78/100·Min R10 for standard EasyEquities investments.
GT247.com – Check GT247.com regulation and read the gt247.com broker review
69/100·Min NOT VERIFIED
Standard Bank Online Share Trading – Check Standard Bank Online Share Trading regulation and read the standard bank online share trading broker review
70/100·Min Not verified — no universal minimum publicly confirmed
PSG Securities – Check PSG Securities regulation and read the psg securities broker review
73/100·Min No minimum investment amount for the standard PSG Securities local share-trading account.
Unum Capital – Check Unum Capital regulation and read the unum capital broker review
75/100·Min Not verified — no universal minimum publicly confirmed
Peresec Prime Brokers – Check Peresec Prime Brokers regulation and read the peresec prime brokers broker review
75/100·Min Not published — set during onboarding
UEXO – Check UEXO regulation and read the uexo broker review
69/100·Min $50 (Standard account; another official page advertises $100)
ACCMFX – Check ACCMFX regulation and read the accmfx broker review
72/100·Min Not Verified
ThinkMarkets – Check ThinkMarkets regulation and read the thinkmarkets broker review
82/100·Min USD 10 for certain ThinkTrader accounts, USD 50 for Standard accounts and USD 100 for ThinkZero accounts on the currently published account comparison. Requirements may vary by region and account version.
Libertex – Check Libertex regulation and read the libertex broker review
81/100·Min EUR 100 for the Libertex.com account. Requirements may differ for other entities.
ACY Securities – Check ACY Securities regulation and read the acy securities broker review
79/100·Min $50
Headway – Check Headway regulation and read the headway broker review
60/100·Min $1
Weltrade – Check Weltrade regulation and read the weltrade broker review
75/100·Min $1
markets.com – Check markets.com regulation and read the markets.com broker review
80/100·Min $100
Absa Stockbrokers – Check Absa Stockbrokers regulation and read the absa stockbrokers broker review
68/100·Min ZAR 0 (R0 minimum funding requirement; trade minimums governed by market parcel sizes)
FNB Share Investing – Check FNB Share Investing regulation and read the fnb share investing broker review
73/100·Min : ZAR 0 (R0 minimum funding threshold; entry-level Share Builder/Share Saver accounts allow investments from low nominal amounts; discretionary managed portfolios require R1,000,000 to R2,500,000)
Trade.com – Check Trade.com regulation and read the trade.com broker review
77/100·Min $100
FXPrimus – Check FXPrimus regulation and read the fxprimus broker review
78/100·Min $15
FXGT.com – Check FXGT.com regulation and read the fxgt.com broker review
81/100·Min $0
EBC Financial Group – Check EBC Financial Group regulation and read the ebc financial group broker review
77/100·Min $50 ($50 minimum opening deposit on the Standard Account; $1,000 on the Professional Account)
IFX Brokers – Check IFX Brokers regulation and read the ifx brokers broker review
73/100·Min USD 10
IUX – Check IUX regulation and read the iux broker review
79/100·Min $10 ($10 / $30 baseline initial deposit on Standard and Standard Bonus accounts; $200 on Raw and Pro account tiers)
RocketX – Check RocketX regulation and read the rocketx broker review
70/100·Min $5
Evest – Check Evest regulation and read the evest broker review
59/100·Min Not Verified
How does FSCA compare?
See leverage caps and protections side by side with other regulators.