Best FSCA Regulated Forex Brokers – A Trusted List

Regulator Info
  • Founded: 1991
  • Head Office: 41 Matroosberg Rd, Riverwalk Office Park, Pretoria, Gauteng 0002, ZA
  • Phone: 0800 20 37 22
  • Email:
  • Website:

When it comes to understanding the variety of services available for financial regulation, it can be hard to understand the differences. One of the main reasons for that is that you might find it tough to understand the difference backgrounds of every organisation. If a company is operating within the Forex sphere, then they are very much likely to be certified by a financial authority group. These are the regulators who help to make sure that every Forex trading platform is running a fair, ethical practice. One of the most common names within the industry, then, is the Financial Services Conduct Authority, or the FSCA.

Who is the FSCA?

The FSCA is a group that was once known by the title of Financial Services Board (FSB). They are among the most important and powerful names within the regulatory industry. They are the major financial watchdog that is based in South Africa, and plays a key role in helping to further regulate and improve their market.

It’s for this reason that the FSCA is so important. Any Forex broker that operates in South Africa would have to abide by FSCA rulings and regulations. They help to protect the people of South Africa, and those using SA Forex services, from criminality, fraudulent systems, and money laundering schemes. They are the vanguard that helps to keep the whole industry safe and secure, which is one of the main reasons they are among the most important names within the regulatory industry.

Without doubt, these brokers have become among the most important in the industry. Across Africa, they are arguably the most strict regulatory platform, with their quality rarely questioned. It’s for that reason that many people feel safe using the FSCA as their insurance when they want to trust a particular broker.

Top FSCA Forex Brokers for 2020
Broker Rating Regulation Mobile Min. Deposit Reward Review Site
4.5/5 FSCA, FCA, CySEC, ASIC Yes $100 100% Read Review Trade Now!
3.5/5 FSCA, FCA, CySEC, ASIC**(76.4% of retail CFD accounts lose money) Yes £100 N/A Read Review Trade Now!
3/5 FSCA Yes $250 $2,000 Read Review Trade Now!

*Trading CFDs carries considerable risk of capital loss. **Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 CY LTD is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).

Do South Africans Have to Use Them?

The main question that we see about the FSCA involves how South Africans use it Do you have to use the FSCA if you are an African looking to get into the Forex market for the first time?

The short answer is no, you do not. The Forex market is easily one of the most important around, yes; it’s also one with massive choice for those who wish to take part. It’s recommended that you go with an FSCA-regulated broker if you are in South Africa. It is not, though, essential – nor is it required. You are free to choose any kind of broker that you wish.

However, we should note that you should look to use FSCA groups if you want total confidence. They are among the largest names in the industry with good reason. If you are using a Forex platform from another part of the world, it means that you will not be using a local authority to solve the issues at hand.

This can lead to confusion and higher costs when it comes to trying to get some kind of compensation, should the Forex broker you use cease to exist.

How Does the FSCA Work?

Overview of the FSCA Forex homepageThe FSCA operates by utilising its full authority across the wider Forex industry in South Africa. They hold complete control over the market, as they presently regulate all of the legitimate Forex brokers who are operating within South African space.

It’s for this reason that you should always look to ensure that any South African Forex broker you use is FSCA regulated. This will help you to know that it has come under close scrutiny for its practices in the past, which can give you much greater peace of mind with regards to your ability to handle FSCA operations.

The FSCA has specific warnings about any company that cannot or will not meet their requirements. They are also quick to disclose any previous transgressions carried out by a broker. This helps you to understand both the past and present reputation of any broker that you intend to work with. We recommend that you keep this in mind, as it will help you to pick a broker who you can fully trust.

When you are looking for a broker that carries full FSCA registration, then you should keep an eye out for the following issues:

  • Do they have an FSCA license? Can they verify that?
  • A broker should have an FSCA license number if they are legitimate.
  • Even if they are a child company of a larger broker, they should still have this.

The FSCA official website does make it quite easy for you to hunt down that information, too, so keep that in mind. All that you need to do is look on their website and use the licensing number that is given to you by the broker you are considering. The license number should be active; if it’s expired/revoked, look for an alternative.

Why Should I Trust the FSCA?

The main reason is that they have been active in helping South African investors protect themselves and limit the risk of their investment for some time. It’s one of the main reasons why so many people trust their expertise and their authority on all things Forex across South Africa.

Given the fact that any company which is compliant with FSCA regulations will be likely to benefit from their regulation, it should raise alarm bells if a company does not wish to be regulated. Without regulation, you have little to no protection from the potential for failure, attacks, or fraud.

You should therefore find what the FSCA has to offer you to be a rewarding, stress-free solution to making sure you can feel safe dealing with a broker. They are among the most respected names in the industry, so this should give you confidence that anyone who is regulated by them is a safe, modern place to do your Forex trading.

With all of this in mind, you should be far more likely to get a solution that works in your favour. If you are in South Africa, or wish to use SA Forex markets, be sure to ensure they are FSCA-regulated first and foremost.