Forex trading is popular everywhere around the world, including in Africa. The Forex market has a higher daily turnover than any stock market in the world and is far more liquid. In addition, brokers have also started allowing clients to open accounts in local African currencies.
FSCA – Financial Sector Conduct Authority
The Financial Sector Conduct Authority is a financial institutions regulator and a successor agency to the Financial Services Board (South Africa) in South Africa. The Financial Sector Conduct Authority (FSCA) is the only regulatory body for financial institutions in South Africa which include banks, retirement funds, administrators, insurers, and market infrastructures. It was established in 1991 as the Financial Services Board (FSB), and its jurisdiction has expanded over the years to include more entities. The FSCA is a well-known and respected authority in Africa, as it aims to ensures client safety. Due to its strict guidelines, less than 100 brokers have been able to obtain this prestigious license to date.
CMA – Capital Markets Authority
The Capital Markets Authority is an independent public agency established by an Act of Parliament, the Capital Markets Act (Cap 485A) Laws of Kenya under the National Treasury. The Authority came into being on December 15, 1989 when the Act was passed and was inaugurated in March 1990. The Capital Markets Authority of Kenya, also known as Capital Markets Authority (CMA) in short, is an independent government financial regulatory agency responsible for supervising, licensing and monitoring the activities of market intermediaries, including the stock exchange, and the central depository and settlement system and all the other persons licensed under the Capital Markets Act of Kenya.
EGM Securities
- CMA Authorised and Regulated
- Headquarters – Kenya
- NDD, ECN technology
- Trade more than 60 Forex pairs
- Company Reg No. PVT-AAAAFF7
- MetaTrader 4 and MetaTrader 5
FXPesa
- CMA Authorised and Regulated
- Headquarters – Kenya
- Capital Markets Authority Kenya
- Trade Top NSE Derivatives
- Registered No. PVT -AAAAFF7
- Minimum Deposit 5 USD
Tickmill
- FSCA Regulated - FSP 49464
- Headquarters – Seychelles
- Tickmill South Africa (Pty) Ltd
- Trade more than 60 Forex pairs
- FSA Seychelles Licence no. SD 008
- MetaTrader 4 and MetaTrader 5
Exness ZA (PTY) Ltd
- FSCA Authorised (FSP) 51024
- Headquarters – Seychelles
- Spread From 0.3
- Exness Trader App
- Maximum leverage 1:Unlimited
- MetaTrader 4 and MetaTrader 5
CM Trading
- FSP Reg No. 2010/010099/07
- Headquarters – South Africa
- Gcmt South Africa Pty Ltd
- Trade Top NSE Derivatives
- Registration No. 2010/010099/07
- Minimum Deposit 100 USD
HF Markets SA (PTY) Ltd
- FSP Licence Number 46632
- Headquarters – Johannesburg
- 1200+ Trading Products
- Raw spreads with 0 markups
- Best Client Funds Security Global
- MetaTrader 4 and MetaTrader 5
ForexTime Ltd.
- FSCA, FSP No. 46614
- Headquarters – Cyprus
- 1000+ instruments
- Spreads as low as zero
- MetaTrader4 or MetaTrader5
- Free Educational Content
BDSwiss
- FSC on 06/12/2016
- Headquarters – Mauritius
- Ultra-Fast Execution
- Competitive Conditions
- Award-Winning Platforms
- MetaTrader 4 and MetaTrader 5
AvaTrade
- FSCA No.45984
- Headquarters – Johannesburg
- Trade Cryptos as CFDs
- Approx. 1000 instruments
- Competitive spread and leverage
- MetaTrader 4 and MetaTrader 5
Frequently Asked Questions
The FSCA is the market conduct regulator of financial institutions, that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures.
The Financial Sector Conduct Authority (FSCA) is responsible for market conduct regulation and supervision. FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions, as well as providing financial customers with financial education. The FSCA will further assist in maintaining financial stability.
The South African Reserve Bank (SARB) is responsible for bank regulation and supervision in South Africa and is our primary regulator. Its purpose is to achieve a sound, efficient banking system in the interest of the depositors of banks and the economy as a whole.
National Treasury
South African Reserve Bank
Department of Trade and Industry
Trade and Investment South Africa
Johannesburg Securities Exchange
South African Chamber of Business
Banking Council of South Africa
Financial Services Board
National Productivity Institute
National Economic Development and Labour Council (Nedlac)
Competition Commission of South Africa
Development Bank of Southern Africa
Industrial Development Corporation of South Africa
South African Futures Exchange
Commission for Conciliation, Mediation and Arbitration
