The South-African FSCA (Financial Sector Conduct Authority) regulated and oversees the financial industry in South Africa, including regulated forex brokers.
South African traders usually opt for an FSCA-regulated broker that also offers account currencies in South African Rands (ZAR).
Below are some key facts and our current list of the best FSCA-regulated forex brokers.
Key Facts About FSCA Regulation
The FSCA (formerly FSB) was founded in 2018 and has become a reputable regulator that adheres to international standards.
All forex brokers in South Africa should obtain a license from the FSCA in order to offer its services to South African forex traders.
| ⚖️ Regulator | FSCA |
| 🌍 Country | South Africa |
| 💸 Leverage | 1:400 |
| 💰 Compensation Scheme | No |
Best FSCA-Regulated Brokers
Below are some highly reputable brokers that are regulated by the FSCA and have psychical offices in South Africa.
Markets.com – Best Overall South African Broker 2022
Markets.com, operated by Finalto (South Africa) Pty Limited, is regulated by Financial Sector Conduct Authority (‘FSCA’) under license no. 46860.
Markets.com offers CFD trading in thousands of instruments through a super user-friendly trading platform.
MetaTrader 4 and 5 are also available for clients.
🏆 Best Platform for Beginners
✅ CFDs, Stocks, Spread Betting
✅ Strategy Builder
✅ Trading / Analysis Tools
✅ Low Spreads and Fees
✅ 24/5 Customer Support
HotForex – Best South African FX Broker 2022
HF Markets SA (PTY) Ltd is authorized and regulated as a Financial Service Provider (FSP) by the FSCA, under license number 46632.
HotForex offers a full MetaTrader suite, PAMM accounts, exclusive analysis, and very low spreads.
Conclusion
South African traders who want to trade with a local forex broker, should choose an FSCA-regulated broker.
