trade nation zero spread
Trade Nation Cashback

FSCA Regulated Forex Brokers

The FSCA (formerly FSB) is the South African financial regulator responsible for monitoring South African Forex brokers. FSCA-regulated brokers are required to keep client’s money separated from company operating funds and are audited on a regular basis to ensure that client funds are not misused. All FSCA-regulated brokers must also apply for an ODP licence, which further protects South African traders.

To test these brokers, we opened live trading accounts to evaluate the trading conditions, trading platforms and educational material for new traders. As part of the test, we took notes on the onboarding process to gauge the transparency of all communication to assure it is in line with FSCA rules on the promotion of derivate products. While South African traders are not required to trade with FSCA regulated brokers, local regulation can provide an extra layer of protection.

FSCA Regulated Forex Brokers

FCA in the UK,
European Securities and
Markets Authority (ESMA),
FSCS (UK Customers), ASIC,
FSCA, SCB (Bahamas)

Tickmill South Africa (Pty) Ltd,
FSP 49464, regulated by the
Financial Sector Conduct Authority (FSCA),
Tickmill UK Ltd – FCA, Tickmill Europe Ltd – CySEC,
Tickmill Asia Ltd – FSA of Labuan Malaysia

Vlerizo (Pty) Ltd is authorised by
the Financial Sector Conduct Authority (FSCA)
in South Africa as a
Financial Service Provider (FSP) with
reg no. 2020/234138/07 and FSP no. 51024.
FSA Seychelles with reg no. 8423606-1,
CBCS with licence number 0003LSI,
FSC in BVI with reg number 2032226.

Gcmt South Africa Pty Ltd
Trading As Cmtrading Reg No. 2013/045335/07,
FSP Reg No. 2010/010099/07 (FSP No. 38782),
FSA license number SD070

ASIC #426359, IFSC #IFSC/60/230/TS/18,
CySEC #331/17, FSCA South Africa #50885

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.

Which Brokers Are Regulated by FSCA

Trade Nation Financial (Pty) Ltd, registration number 2018/418755/07 (FSCA)
Tickmill South Africa (Pty) Licence number: FSP 49464 {FSCA}
Exness FSCA reg no. 2020/234138/07 and FSP no. 51024
FBS Markets FSCA South Africa #50885

What is The Role of The Financial Sector Conduct Authority

The FSCA’s mandate is to: enhance the efficiency and integrity of financial markets; promote fair customer treatment by financial institutions; provide financial education and promote financial literacy; and assist in maintaining financial stability.