CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.

Broker Dossier

Financial Sector Conduct Authority (South Africa)

Our tier
Tier 2
Jurisdiction
South Africa
Public register
Open the official register

The Financial Sector Conduct Authority is South Africa’s market conduct regulator. Firms that give advice or intermediary services on financial products need a Financial Services Provider (FSP) licence.

What it means for a retail trader

An FSP number shows that the firm is authorised in South Africa, but the FSCA does not cap retail leverage the way European regulators do. Check whether the entity that actually holds your funds is the South African one or an offshore affiliate.

How to check a firm

Search the firm’s legal name or licence number on the official register linked above. Confirm that the name, the number and the website on the register match the firm you are dealing with, and that its permissions cover the product you want to trade. Clone firms often borrow a real firm’s name and number but use a different web address.

Brokers in our database with a FSCA licence

BrokerDossier ScoreEntity serving youMin. depositPlatformsActions
Admirals Founded 2001 48 Admirals SC Ltd FSA Seychelles #SD073 Tier 3 (offshore) $100 MT4MT5 Review Visit site
AvaTrade Founded 2006 50 Ava Trade Markets Ltd BVI FSC #SIBA/L/13/1049 Tier 3 (offshore) $100 MT4MT5Own platform Review Visit site
Exness Founded 2008 42 Exness (SC) Ltd FSA Seychelles #SD025 Tier 3 (offshore) $10 MT4MT5Own platform Review Visit site
FP Markets Founded 2005 30 FP Markets LLC SVG FSA Registration only $100 MT4MT5cTraderTradingView Review Visit site
FxPro Founded 2006 40 FxPro Global Markets Ltd SCB #SIA-F184 Tier 3 (offshore) $100 MT4MT5cTraderOwn platform Review Visit site
HFM Founded 2010 42 HF Markets (Seychelles) Ltd FSA Seychelles #SD015 Tier 3 (offshore) $0 MT4MT5Own platform Review Visit site
Octa Founded 2011 16 Octa Markets Ltd Unregulated $25 MT4MT5Own platform Review Visit site
Plus500 Founded 2008 Listed 62 Plus500SEY Ltd FSA Seychelles #SD039 Tier 3 (offshore) $100 Own platform Review Visit site
ThinkMarkets Founded 2010 48 TF Global Markets Int Limited FSA Seychelles #SD060 Tier 3 (offshore) $0 MT4MT5TradingViewOwn platform Review Visit site
Tickmill Founded 2014 38 Tickmill Ltd FSA Seychelles #SD008 Tier 3 (offshore) $100 MT4MT5TradingView Review Visit site
Vantage Founded 2009 46 Vantage Global Limited VFSC #700271 Tier 3 (offshore) $50 MT4MT5TradingViewOwn platform Review Visit site

Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.