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Financial Sector Conduct Authority logo

FSCA

Financial Sector Conduct Authority

South Africa

Tier 3 - moderate

What the FSCA does

The FSCA is South Africa's market conduct regulator for financial institutions, licensing derivative providers under the FAIS Act with a focus on fair treatment of customers.

Protections for traders

  • ODP licensing for derivative providers
  • Treating Customers Fairly conduct standards
  • Client fund segregation requirements
  • Ombud for Financial Services Providers for disputes
  • Ongoing fit-and-proper testing of key personnel

Best FSCA-regulated brokers

Ranked by BrokaBoy score, with ties listed alphabetically.

HFM logo

HFM

9.7/10· Trustpilot 4.3 (2,948 reviews)

Multi-regulated broker formerly trading as HotForex

Min Dep
$0
Spread
0.0 pips
Leverage
1:2000 (entity dependent)
FCACySECDFSA
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Affiliate link - see our Methodology

Exness logo

Exness

9.0/10· Trustpilot 4.7 (31,240 reviews)

High-volume retail broker with instant withdrawals and tight majors

Min Dep
$10
Spread
0.0 pips
Leverage
1:2000
FCACySECFSCA
Visit Broker

Affiliate link - see our Methodology

IG logo

IG

9.0/10· Trustpilot 3.7 (9,975 reviews)

FTSE-listed global leader in CFDs and spread betting

Min Dep
$0
Spread
0.6 pips
Leverage
Up to 1:30 (retail, UK/EU)
ASICFCANFA
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Affiliate link - see our Methodology

Admirals logo

Admirals

8.9/10· Trustpilot 4.1 (2,165 reviews)

Admiral Markets, an EU-supervised broker with an investing arm

Min Dep
$100
Spread
0.0 pips
Leverage
Up to 1:500 (entity dependent)
FCACySECFSCA
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Affiliate link - see our Methodology

ThinkMarkets logo

ThinkMarkets

8.9/10· Trustpilot 3.4 (520 reviews)

Multi-regulated broker with its own ThinkTrader platform

Min Dep
$0
Spread
0.0 pips
Leverage
Up to 1:500 (entity dependent)
FCAFSCAASIC
Visit Broker

Affiliate link - see our Methodology

Vantage Markets logo

Vantage Markets

8.9/10· Trustpilot 4.4 (14,731 reviews)

ASIC-supervised group with raw ECN pricing and copy trading

Min Dep
$50
Spread
0.0 pips
Leverage
Up to 1:500 (entity dependent)
ASICFCAFSCA
Visit Broker

Affiliate link - see our Methodology

Moneta Markets logo

Moneta Markets

8.7/10· Trustpilot 4.1 (583 reviews)

Multi-platform broker aimed at active retail traders

Min Dep
$50
Spread
0.0 pips
Leverage
1:1000
ASICFSCAFCA
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Affiliate link - see our Methodology

FP Markets logo

FP Markets

Featured
8.6/10· Trustpilot 4.8 (10,285 reviews)

ECN pricing with 10,000+ instruments

Min Dep
$100
Spread
0.0 pips
Leverage
1:500
ASICCySECFSCA
Visit Broker

Affiliate link - see our Methodology

FxPro logo

FxPro

8.3/10· Trustpilot 2.5 (751 reviews)

No-dealing-desk since 2006

Min Dep
$100
Spread
0.3
Leverage
1:500
FCACySECFSCA
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Affiliate link - see our Methodology

FXTM logo

FXTM

8.2/10· Trustpilot 2.5 (1,106 reviews)

ForexTime, an education-heavy broker with strong emerging-market reach

Min Dep
$100
Spread
0.0 pips
Leverage
Up to 1:5000 (entity dependent)
FCACySECFSCA
Visit Broker

Affiliate link - see our Methodology

PU Prime logo

PU Prime

8.0/10· Trustpilot 2.9 (1,841 reviews)

Multi-asset broker aimed at emerging markets

Min Dep
$50
Spread
0.0 pips
Leverage
1:1000
FSAFSCMFSCA
Visit Broker

Affiliate link - see our Methodology

Tickmill logo

Tickmill

8.0/10· Trustpilot 2.8 (1,144 reviews)

Low commissions, no gimmicks

Min Dep
$100
Spread
0.0 pips
Leverage
1:1000 (entity dependent)
FCACySECFSA
Visit Broker

Affiliate link - see our Methodology

FXCM logo

FXCM

7.9/10· Trustpilot 4.6 (976 reviews)

Long-running CFD broker with strong charting tools

Min Dep
$50
Spread
0.2 pips
Leverage
1:400
ASICFSCAFCA
Visit Broker

Affiliate link - see our Methodology

VT Markets logo

VT Markets

7.8/10· Trustpilot 3.5 (2,868 reviews)

Australian-founded broker with global reach

Min Dep
$50
Spread
0.0 pips
Leverage
1:1000
VFSCFSCAASIC
Visit Broker

Affiliate link - see our Methodology

AvaTrade logo

AvaTrade

7.7/10· Trustpilot 4.8 (13,229 reviews)

Global broker, local support

Min Dep
$100
Spread
0.9
Leverage
1:400
CBIASICFSCA
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Affiliate link - see our Methodology

FBS logo

FBS

7.4/10· Trustpilot 4.3 (9,902 reviews)

Low-entry accounts for emerging-market traders

Min Dep
$5
Spread
0.7 pips
Leverage
1:3000
IFSCCySECASIC
Visit Broker

Affiliate link - see our Methodology

Octa logo

Octa

7.3/10· Trustpilot 3.7 (9,771 reviews)

Low-cost forex and CFD broker with copy trading and a proprietary app

Min Dep
$25
Spread
0.6 pips
Leverage
Up to 1:1000 (entity dependent)
CySECFSCA
Visit Broker

Affiliate link - see our Methodology

JustMarkets logo

JustMarkets

7.1/10· Trustpilot 3.6 (4,479 reviews)

Low-cost accounts aimed at emerging-market retail traders

Min Dep
$10
Spread
0.3 pips
Leverage
Up to 1:3000 (entity dependent)
FSCAFSACySEC
Visit Broker

Affiliate link - see our Methodology

ATFX logo

ATFX

6.5/10· Trustpilot 3.7 (129 reviews)

Global broker with strong Asian and UK presence

Min Dep
$100
Spread
1.8 pips
Leverage
1:500 (entity dependent)
FCAFSCACySEC
Visit Broker

Affiliate link - see our Methodology

NAGA logo

NAGA

6.1/10· Trustpilot 3.4 (4,098 reviews)

Social trading platform with CFDs and stocks

Min Dep
$250
Spread
1.0 pips
Leverage
Up to 1:1000 (entity dependent)
CySECFSAFSCA
Visit Broker

Affiliate link - see our Methodology

Country guides

Best brokers in South Africa

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