FSCA (Financial Services Conduct Authority) is a brand new name for FSB (Financial Services Board) in South Africa. It is responsible for regulating the financial industry in the country as well as overseeing the protection of local investors from any malpractice from registered firms.
While the FSB was responsible for regulating non-banking financial institutions, the FSCA now has a broader mandate and responsibility towards regulating all financial institutions. Naturally, Forex brokers also fall under the jurisdiction of the FSCA.
FSCA South Africa is quite unique from other regulators as it also oversees the education of the local population. The FSCA makes sure that every South African has a clear understanding of the financial industry or institutions they are dealing with, thus providing locals an amazing perk compared to other countries where people have to learn on their own.
In this guide, we will further discuss the responsibilities of the FSCA as well as provide a list of the best FSCA-regulated Forex brokers. Furthermore, we will touch on the methods you can use to identify potentially amazing brokers to register with.
Broker of the Month
Discover our best broker for October and start trading today
Best and most trusted forex brokers in October 2023
All the brokers below are available in:
95.5
Points
Used by
100,000+ Traders
Min. Deposit
$100
Bonus
Check Website
Trading Instruments
4,500+
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/NDD
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, BitPay, VLoan and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Best and most trusted forex brokers in October 2023
All the brokers below are available in:
96
Points
Used by
Traders
Min. Deposit
$10000
Bonus
N/A
Trading Instruments
150+
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
The primary task or authority that the FSCA has is to regulate and license forex brokers in South Africa. No other institution in the country can legitimately authorize financial service providers, not even SARB (South African Reserve Bank). The FSCA Forex regulator is responsible for every investor’s trading process to be stable and without any further obstacles or unpleasant consequences related to the broker.
The FSCA makes sure that all licensed companies remain trustworthy and transparent. The regulator has every right to investigate one of its listed companies should it believe there was some financial malpractice. This investigation would include a formal audit from the FSCA and checking the transaction history of the broker’s bank account.
Therefore, all this means that the Financial Sector Conduct Authority regulation totally ensures not only every trader’s safety but every financial organization’s stability to function properly and fairly.
Consequently, it is not surprising that FSB South Africa warns investors that they should avoid every unauthorized service provider at any cost. However, if the trader does still fall victim to one of these operators, the FSCA may compensate them if the situation requires it.
How the FSCA Regulates Such a Vast Market
The newest strategy from the FSCA is focused on delivering efficient and timeless industry regulation and keeping up with technological advancement. This is because the organization has been accused of being behind the curve on its automation. The reason why such criticism was voiced is embedded in the methods that fraudsters use nowadays, making them much harder to detect by regulators like the FSCA.
FSCA South Africa realizes that financial technology cuts across multiple regulators. So they have taken a position from the policy perspective not to create their own unique approach to this issue but to work with all the other regulators in the financial sector and collaborate to create a solution in this field in South Africa through their innovation hubs.
The new strategy of the FSCA is to be proactive. This means that they plan to get data from their dependent financial institutions and use that to infer their behaviors, meaning, how they will be acting in the future. All these things happen because they want to ensure that the customers are satisfied with the service they are getting and that they are highly protected in every action they take.
Comparing FSCA Regulated Forex Brokers
We have already noted that the FSCA gives brokers a South Africa Forex license so almost all local Forex brokers are regulated by this regulatory body. However, sometimes there can be a case when this authorization is not fully legitimate. In order to avoid unpleasant consequences, there are several factors that every Forex trader should consider.
Regulation
Traders should take a closer look at the FSCA authorization number for each broker company in order to make sure that the firms’ regulatory status and the conditions are fully legitimate. This can be done by searching the company’s license number on the FSCA website and confirming it with the regulator. If the answer is positive, then it’s best to double-check by calling the regulator and asking one of the agents to check by hand. Due to so many licenses being issued and expiring at the same time, the archives may become corrupted or a bit disorganized. Therefore, a broker with an outdated license may slip through the cracks.
ZAR accounts
If a broker wants to call itself South African, then it needs to have a ZAR account. If it has a ZAR account, it means they have to be in partnership with a local bank. If they’re partnering with a bank, it means they are subject to further investigations now not only from the FSCA but also from SARB. If a broker has a ZAR account, the likelihood of them being a scam is reduced significantly.
Segregated accounts
Another important feature is that FSB-regulated forex brokers in South Africa are obligated to save the customers’ capital in segregated accounts. This is essential because it keeps the company and client’s money segregated, which ensures that in case of a breach on the broker’s website, the customers’ funds remain safe.
Trading Costs
We all know that trading cost is a very crucial factor while choosing a good broker to trade with. Even though the regulation and South Africa Forex license are very important, it does not mean that this is the only thing that will make the company perfect. There are other equally essential factors that affect a great deal on the overall experience of the investors’ trading process. One of such factors includes the commissions they have.
While comparing the investing costs, the trader should attract close attention to the cost of one lot of EUR/USD on the entry-level account.
Final thoughts on FSCA South Africa
The FSCA is one of the, if not the most respected financial regulators on the African continent. Any broker that manages to get a license from this regulator is worth all the praise it receives. For any trader looking for a good broker to trade with in South Africa, an FSCA license is pretty much the only thing you need to confirm the company’s legitimacy.
However, being an FSCA-registered broker doesn’t mean it’s the best choice. Other factors such as available platforms, levera