Which forex brokers are FSCA-regulated?
How this answer was verified
- Cross-checked against broker-published fact sheets, regulator licensing databases, and ESMA product intervention notices.
- Reviewed by the FX-Brokers EU editorial desks (Markets, Platforms, Regulation). Desk structure disclosed at /about/editorial-desks.
- Refreshed quarterly. The most recent verification date is shown above. Read our methodology.
Related
What is the best forex broker for South African traders?
Of the brokers our data verifies with an FSCA licence, AvaTrade (FSP 45984) and Trade Nation (FSP 49846) serve South African traders under domestic FAIS Act protections. Several other well-established international brokers — including Exness, XM, Pepperstone and Tickmill — accept South African clients through their internationally regulated global entities. South Africa mandates no retail leverage cap, so global entities offer high leverage; see our South Africa broker guide for the full ranked comparison.
What is the FSCA in South Africa?
The Financial Sector Conduct Authority (FSCA) is South Africa's market-conduct regulator. Forex brokers must hold an FSP (Financial Service Provider) licence under the FAIS Act. FSCA permits up to 1:500 retail leverage on FX — significantly higher than ESMA, MAS or ASIC. FSCA-licensed entities must segregate client funds.
Broker review: AvaTrade
AvaTrade is a Central Bank of Ireland and CySEC regulated multi-asset broker offering MT4, MT5, AvaOptions, social trading, and a strong EU marketing presence since 2006.
Broker review: Trade Nation
Trade Nation is a multi-regulated broker (FCA, CMVM, ASIC) offering fixed spreads from 0.6 pips on EUR/USD, no minimum deposit, and the proprietary TN Trader platform alongside MetaTrader 4 and TradingView.
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