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FSCA Regulated Forex Brokers

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.

Markets.com - CTA

🏆 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.

HotForex (HF Markets) is regulated by the FSCA.


South African traders who want to trade with a local forex broker, should choose an FSCA-regulated broker.

Top Brokers 2022


🏆 Best Overall Broker 2022
✅ Skilling Trader, MT4, cTrader
✅ Nordic Fintech
✅ 1:30 | 1:500

🏆 Best TradingView Broker
✅ Razor Low Spreads
✅ 1200+ Assets
✅ 1:30 | 1:400

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 76 - 80% of retail investor accounts lose money when trading CFDs with these providers. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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