FSCA Regulated Forex Brokers

FSCA stands for Financial Sector Conduct Authority – a regulatory body in South Africa overseeing financial markets and services providers. The authority was formerly known as Financial Services Board (FSB), while number of South Africa Regulated Brokers and Trading acitivy itself is on its highest growing demand.

FSCA Forex Trading Platform

FSCA-regulated brokers that hold a license from the FSCA to operate in South Africa number is growing, attracting more international Brokers to open branches and access Africa region. Although it is not obligatory for brokers to obtain an FSCA license to provide services in the country, it is still highly recommended for South African traders to choose FSCA-regulated forex brokers, to provide a significant level of safety and security for investors.

  • FSCA-regulated brokers and Trading Platforms are widely popular right now, due to its international access and some favorable trading conditions allowed, still being a quite reputable jurisdiction with good standards of Regulations, so South Africa FSCA Brokers are considered safe enough. 
  • All South Africa Brokers required to adhere to strict rules and regulations, which include maintaining adequate financial resources, and keeping client funds separate from company funds.
  • For more information visit the Wikipedia page.Also see our page of South Africa Broker list
🏦RegulatorFinancial Sector Conduct Authority
🛡️Is it Safe to Trade with FSCA Broker?Yes
📊Max. Leverage1:30
🔒Negative Balance ProtectionNo
💰Compensation SchemeNo compensation

FSCA Forex Regulation

The Financial Sector Conduct Authority (FSCA) is a regulatory body in South Africa. With its main function is to oversee financial institutions and financial markets, aiming to protect investors. The regulatory body was established in 2018, as a substitute for the Financial Services Board (FSB).

See the official Website of the Financial Sector Conduct Authority, also follow its Twitter @fscasouthafrica for important regulatory updates.

Here we gather some notes about trading with South Africa FSCA Brokers:

  • The FSCA is responsible to ensure financial institutions comply with regulations and laws related to financial services, such as the Financial Advisory and Intermediary Services Act (FAIS) and the Financial Markets Act (FMA). It also promotes financial stability and market integrity, preventing financial crime and fraud.
  • Among the range of rules the authority imposes upon brokers and other financial services providers are to adhere to strict standards of conduct, including treating their clients fairly, avoiding misleading or deceptive conduct, and acting in the best interests of their clients.
  • At last, FSCA-regulated brokers are required to keep client funds in segregated accounts, which means that these funds are kept separate from the broker’s own operational funds.
  • Overall, FSCA Brokers considered safe and good options for Traders from South Africa, Africa region or internationally, yet for better conditions and safety we would advise choosing Broker with other top-tier licenses from FCA, ASIC etc.

Top 5 Best FSCA Regulated Forex Brokers

Here we select some of the best FSCA-Regulated Forex Brokers narrowed by category, which also offer quite favorable trading conditions and are well-regarded brokers by our experts and other traders too:

  • FBS – Best Overall FSCA Broker 2024
  • Exness – Best for Beginners FSCA Broker 2024
  • AvaTrade – Best MT4 Broker with FSCA License 2024
  • Moneta Markets – Best FSCA Broker for Investment 2024
  • Globex360 – Best Low Spread Broker with FSCA License 2024

What are the Best FSCA-regulated Brokers in South Africa?

There is no such thing as the best FSCA-regulated broker, certain broker might be great for one, and lack in some aspects for other traders, yet safety should be a priority. To choose an FSCA broker, we advise to consider regulatory status, reputation, trading fees, platform features, customer service, and any additional services offered.  However, we recommend choosing such trustworthy brokers as Moneta Markets, FBS, and FXTM.

Should All Forex Brokers in South Africa be FSCA Regulated?

Yes, it is recommended that all forex brokers operating in South Africa be regulated by the Financial Sector Conduct Authority (FSCA). It is still possible to trade with brokers that hold licenses from other authorities, however, to be completely protected while conducting trades in the country, it is advisable to choose a broker with the local regulation.

List of FSCA South Africa Regulated Brokers

These are verified by us Regulated brokers with FSCA license that also accept clients from South Africa or Internationally:

Broker Detail
HFM Logo HFM
Min. Deposit: 0 US$
Max. Leverage: 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
2
FP Markets Review
Octa
Min. Deposit: $25
Max. Leverage: 1:40 | 1:1000
Trading Platforms: MT4, MT5, Octatrader
Regulation: CySEC, FSCA, MISA
3
Octa Review
Exness Review Exness
Min. Deposit: 10 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: FCA, CMA, CySEC, SFSA, CBCS, FSC BVI, FSC Muritius, FSCA
4
Exness Review
XPro Markets Review Logo XPro Markets
Min. Deposit: $250
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, Webtrader
Regulation: FSCA
5
XPro Markets Review
Headway Review Logo Headway
Min. Deposit: $1
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: FSCA
Headway Review
JustMarkets Review Logo JustMarkets
Min. Deposit: $10
Max. Leverage: 1:30 | 1:3000
Trading Platforms: MT4, MT5
Regulation: FSCA, CySEC, FSA, FSC
JustMarkets Review