All Share (J203) = 88 342
Rand / Dollar = 18.57
Rand / Pound = 23.38
Rand / Euro = 19.37
Gold (usd/oz) = 2 936.83
Platinum (usd/oz) = 978.50
Brent (usd/barrel) = 76.67
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

10 Best FSCA Regulated Forex Brokers 🇿🇦

Best FSCA Regulated Brokers
 

The 10 Best FSCA Regulated Forex Brokers revealed in South Africa. We have rated and reviewed the Best FSCA Regulated Forex Brokers for 2025.

 

This is a complete listing of The 10 Best Forex Brokers with an FSCA RegulationIn this in-depth write-up, you will learn:

  • Top 10 FSCA Regulated Forex Brokers in South Africa for 2025.
  • ODP licensed Forex Brokers with ZAR Accounts.
  • A list of Regulated Forex Brokers in South Africa.
  • Best FSCA Regulated MT4 and MT5 Brokers in SA.
  • FSCA Regulated Brokers in South Africa for beginners.
  • NASDAQ-listed SA Brokers.
  • Which forex brokers are legal in South Africa?
  • How do you check if the broker is regulated by FSCA?

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

Best FSCA Regulated Forex Brokers 2025

Open an Account
📌 FSCA Regulated💯 Licence Number💵 Min. Deposit (USD)💴 Min. Deposit (ZAR)
🥇AvaTrade👉Open AccountYesFSP45584$100R1680
🥈HFM👉Open AccountYesFSP45956$0R0
🥉Exness👉Open AccountYesFSP50350$50R840
📌IG👉Open AccountYesFSP41393$0R0
🏅FXPro👉Open AccountYesFSP47237$100R1600
🥉ATFX👉 Open AccountYesFSP 44816$100R1500
🥈CM Trading👉 Open an AccountYesFSP43080$100R1600
📌FXTM👉 Open AccountYesFSP46614$200R3709
🥈JustMarkets👉 Open AccountYes FSP51114$10R180
🥉Tickmill👉Open AccountYesFSP50926$100R1900

 

The Financial Sector Conduct Authority – A Definition

The Financial Sector Conduct Authority, or FSCA, is the market conduct regulator of financial institutions in South Africa. It is responsible for market conduct regulation and supervision. The FSCA was previously known as the FSB (Financial Services Board).

The FSCA has several key responsibilities, including regulating capital markets, insurers, and financial services providers. One of its most important functions is protecting investors from fraud and unfair business practices.

The FSCA regulates financial institutions and educates consumers about financial matters. Its website provides various resources, including information on choosing a financial advisor and avoiding scams.

The FSCA is an important part of the South African financial system. It plays a vital role in protecting investors and promoting fair and orderly markets.

 

Why is it so important to use a regulated Broker?

South African law requires brokers to be regulated by the Financial Sector Conduct Authority (FSCA). This ensures an extra layer of security for traders, as FSCA-approved brokers must follow strict financial rules that protect client funds.

 

10 Best Forex Brokers FSCA Regulated(2025)

  1. AvaTrade – Best FSCA-regulated broker.
  2. HFM – Great Overall FSCA-Regulated Broker.
  3. Exness – Regulated Trading Conditions.
  4. IG MT4 Broker for beginners in SA.
  5. FxPro – Affordable price grid.
  6. ATFX – Provides multiple types of accounts.
  7. CM Trading – Large Regulated Local Broker.
  8. FXTM – Provides easy-to-use trading platforms.
  9. JustMarkets – Low spreads, several accounts, many instruments.
  10. Tickmill – Established presence in South Africa.

 

1. AvaTrade

AvaTrade Review

 

Overview

AvaTrade is a heavily licensed and regulated service provider that empowers investors to trade CFDs on FX, Stocks, Commodities, and Crypto, They are regulated by the Australian Securities and Investments Commission (ASIC) and the South African Financial Sector Conduct Authority (FSCA). Their trading fees are very competitive.

 

Min Deposit

USD 100

Regulators

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

Trading Platform

MT4, MT5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

Total Pairs

55

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

They are a trustworthy broker. AvaTrade offers AvaTradeGo for trading on the go.

 

Features

Company Information
📅Year Founded2006
🧑🏻‍💻Amount of staff614
👩‍💻Amount of active traders300,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationCBI, BVI FSC, ASIC, FSCA, ADGM, FRSA, ISA
🌎Country of regulationIreland, Australia, Japan, South Africa,
Abu Dhabi, British Virgin Islands, European Union, Polish Branch.
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes, Up to €20,000 under CySEC Investor Compensation Fund (ICF) (for EU clients) |
* Up to AUD$250,000 under ASIC Client Money Protection Scheme (CMPS) (for Australian clients) |
Account Types and Features
➕AccountsStandard Account, Retail Islamic account, Professional account
💳Institutional AccountsYes
👨‍💼Managed AccountsAvaTrade offers copy trading (AvaSocial) but doesn't directly manage accounts.
📇Minor account currenciesAUD, JPY, GBP, USD, EUR, CHF
💰Minimum Deposit$100 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeFree up to a certain amount
📊Spreads from0.7 pips
💸CommissionsNo
💱Number of base currencies supportedOver 50
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 400:1
📏Margin requirements0.50%
☪️Islamic account (swap-free)Yes, available upon request
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 1,250+
🗠CFD Stock IndicesMajor global indices (e.g., US 30, FTSE 100, DAX 30)
⚖️CFD CommoditiesPrecious metals (gold, silver), Energy (oil, gas), Agricultural (wheat, corn)
📜CFD SharesThousands of shares from various global exchanges (US, Europe, Asia)
Deposits and Withdrawals
💳Deposit OptionsCredit/debit cards, bank transfers, electronic wallets.
💵Withdrawal OptionsMust be sent via the same payment method used for deposit
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4) * MetaTrader 5 (MT5) * AvaTrade WebTrader * AvaTrade Mobile App * AvaOptions (for options trading) * DupliTrade & ZuluTrade (for copy trading)
👩‍💻OS CompatibilityWindows, macOS, Web, Mobile (Android, iOS)
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addressOnline email on website
📞Customer Support Contact Number+447520644093
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on WebsiteOver 14 languages, including English, Spanish, French, German, Italian, Arabic, Russian, Portuguese
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners70 000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
South African Trader Specific Information
Does AvaTrade Accept South African Traders?Yes, HFM accepts South African traders.
Is AvaTrade regulated by the South African regulatory body (FSCA)?Yes, HFM is regulated by the South African regulatory body, the Financial Sector Conduct Authority (FSCA).
Does AvaTrade offer an Affiliate Program for South African Traders?Yes, HFM offers an Affiliate Program that is likely available to South African traders.
Does AvaTrade allow opening trading accounts in ZAR (South African Rand)?Yes, HFM allows opening trading accounts in ZAR (South African Rand).
👉Open AccountOpen Account

 

AvaTrade FSCA Regulated

 

Pros and Cons

✅ Pros❌ Cons
Easy Account openingLimited product portfolio
No withdrawal feeAdministration fee
Low trading feesInactivity fee
Negative balance protectionNot listed on stock exchange

 

Our Findings

In our opinion, AvaTrade has a fantastic and reliable track record; ActivTrades is a regulated forex broker with low trading fees. The account opening process is excellent, and deposits and withdrawals are free.

 

2. HFM

HFM Review

 

Overview

HFM is regulated by multiple leading entities, including the Financial Sector Conduct Authority (FSCA), the Cyprus Securities and Exchange Commission (CySEC), and the Dubai Financial Services Authority (DFSA) As well as the Capital Markets Authority (CMA).

 

Min Deposit

USD 0 / ZAR 0

Regulators

FSCA, DFSA, FSC, CMA. FCA

Trading Platform

MT4, MT5, HFM Platform

Crypto

Yes

Total Pairs

50+

Islamic Account

Yes

Trading Fees

No Trading Fees

Account Activation

24 Hours

 

HFM offers access to various trading instruments, including CFDs on Forex, Metals, Energies, Commodities, Indices, Stocks, Cryptocurrencies, ETFs, and Bonds.

 

Features

🔎Broker🥇HFM
Company Information
👨‍💼 Year Founded2010
👩‍💼👨‍💼 Current CEOGeorge Koumantaris
👩‍💼👨‍💼 Founder/sGeorge Koumantaris, Marcos Kappos
👥 Amount of staff200+ globally
👨‍💻 Amount of active tradersOver 2 million
📈 Publicly Traded (Listed Company)No
Regulation and Security
🇬🇧 RegulationFCA (UK), FSCA (South Africa), CySEC (Cyprus), DFSA (Dubai), FSA (Seychelles)
🇬🇧 Country of regulationUnited Kingdom, South Africa, Cyprus, Dubai, Seychelles
💼 Account SegregationYes, client funds are kept in segregated accounts
🚫 Negative balance protectionYes, available to retail clients
🔐 Two-step AuthenticationYes, supports 2FA for extra account security
🛡️ Investor Protection SchemesYes, clients are protected under the Investor Compensation Fund (ICF) in Europe
Account Types and Features
🏦 Institutional AccountsYes, available for institutional clients
📊 Managed AccountsYes, PAMM and MAM accounts are offered
💱 Minor account currenciesUSD, EUR, ZAR, NGN, GBP, and more
💰 Minimum DepositUSD 0 / 0 ZAR
Trading Conditions
⏳ Average deposit/withdrawal processing timeDeposits: Instant; Withdrawals: 1-3 business days
💵 Fund Withdrawal FeeNo fees for most methods, but some third-party charges may apply
📉 Spreads fromAs low as 0.1 pips on the Zero Spread account
💸 Commissions$3 per lot on Zero Spread accounts
🌍 Number of base currencies supported10+ (including USD, EUR, ZAR, NGN, and GBP)
📈 Swap FeesSwap fees vary by instrument, but Islamic (swap-free) accounts are available
📈 LeverageUp to 1:1000 depending on the jurisdiction and account type
📊 Margin requirementsStarting at 0.5%, varies by asset class and leverage level
🌙 Islamic account (swap-free)Yes, available for all account types
🎓 Demo AccountYes, unlimited free demo accounts
⏱️ Order Execution Time< 1 second on average
☁️ VPS HostingYes, free VPS for qualifying traders
🌍 Global OfficesMultiple locations worldwide: Cyprus, UK, Dubai, South Africa, Seychelles
👆 One-Click TradingYes, available on MT4 and MT5 platforms
🤖 Expert AdvisorsYes, fully supported on MT4 and MT5
Trading Instruments
📊 CFDs-Total Offered1,200+ CFDs
📈 CFD Stock IndicesYes, 15+ indices available
🛢️ CFD CommoditiesYes, includes Gold, Oil, and Silver
📉 CFD SharesYes, 50+ global stocks
👀 Watch listYes, customizable watchlists
🔔 Trade AlertsYes, available through the platforms
📈 Trading Stocks with GPYes, stock trading is available via CFDs
📊 Trading Indices with GPYes, index trading via CFDs available
🛠️ Swap on trading boardYes, swaps are visible on the trading platforms
Deposits and Withdrawals
💳 Deposit OptionsCredit/Debit Card, Bank Transfer, E-wallets (Skrill, Neteller), Crypto
💸 Withdrawal OptionsBank Transfer, Credit/Debit Card, E-wallets (Skrill, Neteller), Crypto
🎁 Welcome BonusYes, 100% SuperCharged Bonus available
Trading Platforms and Tools
💻 Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), HFM mobile app
🚦 Stop-loss InstrumentYes, fully supported
🛡️ Investor Protection SchemesYes, as per regulation, compensation schemes apply
🖥️ OS CompatibilityWindows, Mac, Linux, Android, iOS
🔧 Forex trading toolsYes, Autochartist, Trading Central, and more
💬 Customer Support
💬 Live chat availabilityYes, 24/5 live chat support
📧 Customer Support Email addresssupport@hfm.com
📞 Customer Support Contact Number+44 123 456 7890
🌐 Languages supported on HFM WebsiteEnglish, Afrikaans, Arabic, Chinese, and more
Educational Resources and Support
👍 Beginners Trader friendly UXYes, beginner-friendly platform design
📚 Forex courseYes, free educational courses available
🖥️ WebinarsYes, regular free webinars provided
📖 Educational ResourcesYes, includes tutorials, eBooks, and market analysis
Partnerships and Programs
🤝 Affiliate program?Yes, generous affiliate program offered
🤝 Amount of partners1,000+ affiliates globally
📈 IB ProgramYes, multi-tier IB (Introducing Broker) program available
⚽ Do they sponsor any notable events or teams?Yes, HFM sponsors various sports teams and events
💰 Rebate programYes, rebate program for active traders
🗨️ Community ForumYes, online trader community and forum available
Social Media Platforms
🌐 Official Website addresshfm.com
📘 Official Facebook PageHFM Facebook
🐦 Official Twitter PageHFM Twitter
📺 Official YouTube ChannelHFM YouTube
🔗 Official Linkedin PageHFM LinkedIn
📸 Official Instagram PageHFM Instagram
Regulatory Status in South Africa
🇿🇦 Accept South Africa Traders?Yes
🏛️ Is HFM regulated by the South Africa regulatory body (FSCA)?Yes, licensed under FSCA
🤝 Does HFM offer an Affiliate Program for South African Traders?Yes, dedicated SA affiliate program
💱 Does HFM allow accounts to be opened in ZAR / Rands?Yes, ZAR-denominated accounts supported
🚀Open Account 👉Open Account

 

HFM FSCA Regulated

 

Pros and Cons

✅ Pros❌ Cons
Offers multiple account optionsHigh leverage can increase risk
Provides tight spreads and low commissionsLacking its own trading platform.
Offers comprehensive educational contentSupport may be limited

Our Findings

HFM is a well-established online broker. It offers various trading instruments, competitive spreads, and multiple account types. The broker is regulated by several financial authorities, ensuring high safety and compliance.

 

3. Exness

Review Exness

 

Exness is a leading forex and CFD broker licensed and regulated by multiple leading international governing bodies. They are allowing Exness clients to trade with financial security.

 

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Platform

MT4, MT5, WebTerminal, Exness Terminal

Crypto

Yes

Total Pairs

97

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

They are registered with the Seychelles Financial Services Authority (FSA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK, South Africa Financial Sector Conduct (FSCA)

 

Features

🔎BrokerExness
Company Information
📅Year Founded2008
🧑🏻‍💻Amount of staffOver 2,100
👩‍💻Amount of active tradersOver 320,000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
🌎Country of regulationCyprus
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsStandard,
Raw Spread,
Standard Cent,
Zero,
Pro
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesEUR/USD
& USD/JPY
💰Minimum Deposit$10
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant to 1 business day
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads from0.3 pips
💸CommissionsVaries by account type, often commission-free
💱Number of base currencies supported+40
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:2000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 200
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets
(Skrill, Neteller, etc.),
Cryptocurrencies (Bitcoin, Ethereum, etc.)
💵Withdrawal OptionsCredit/Debit Cards,
Bank Transfers,
E-Wallets (Skrill, Neteller, etc.), Cryptocurrencies (Bitcoin, Ethereum, etc.)
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5),
Exness Trade
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/7
📱Customer Support email addresssupport@exness.com
📞Customer Support Contact Number+35725030959
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on Website15 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners64 000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes, sponsorship agreement with LALIGA, the top professional football division in Spain
🪙Rebate programYes
👉Open AccountOpen Account

 

 

Exness FSCA Regulated

Pros and Cons

✅ Pros❌ Cons
Exness is well-regulated and keeps all client funds in segregated accounts with top-tier institutionsThere is a limited portfolio of financial instruments offered
Traders can choose between several retail investor accountsExness offers a limited number of payment methods that can be used for deposits and withdrawals

 

Our Findings

Exness is a popular trading broker, offering many accounts catering to different trading needs. Their customer service is one of the best among a wide range of brokers. Being regulated by several financial authorities, you can be sure they are legit and trustworthy.

 

4. IG

IG Review

Overview

IG is a leading online trading provider authorized and regulated by the Financial Conduct Authority (FCA) and the Financial Sector Conduct Authority (FSCA).

 

Min Deposit

USD 0

Regulators

FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA

Trading Platform

MT4

Crypto

Yes

Total Pairs

80

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Features

🔎BrokerIG
Company Information
📅Year Founded1974
🧑🏻‍💻Amount of staffOver 1,000
👩‍💻Amount of active tradersOver 239,000
🌐Publicly Traded (Listed Company)Yes, listed on the London Stock Exchange (LSE)
Regulation and Security
🛡️RegulationRegulated by multiple financial authorities including FCA (UK),
ASIC (Australia), and others
🌎Country of regulationSouth Africa,
United States,
UK
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesYes
(under FCA and ASIC regulations)
Account Types and Features
➕AccountsInstitutional and
Retail corporate clients
💳Institutional AccountsYes
👨‍💼Managed AccountsNo
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
CAD,
JPY,
and others
💰Minimum Deposit$0 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNo
📊Spreads from0.6 pips
💸CommissionsVariable
💱Number of base currencies supportedOver 50
🚀Swap FeesYes (varies by account type)
📈LeverageUp to 200:1
📏Margin requirementsFrom 0.5% for forex, 5% for shares and margin factor for indices
☪️Islamic account (swap-free)No
💻Demo AccountYes
⌛Order Execution Time< 1 second
📆VPS HostingNo
Trading Instruments
🧾CFDs-Total Offered16000+
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank transfer, credit/debit cards,
e-wallets
💵Withdrawal OptionsBank transfer, credit/debit cards,
e-wallets
Trading Platforms and Tools
💻Trading PlatformsIG Trading Platform, MetaTrader 4,
👩‍💻OS CompatibilityWindows,
macOS,
Web,
Mobile
(Android, iOS)
🖥️Forex trading toolsTrading signals,
economic calendar,
charting tools
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addressnewaccounts.za@ig.com.
📞Customer Support Contact Number010 500 8624
👾Social media PlatformsFacebook,
Twitter,
Instagram
🗣️Languages supported on WebsiteEnglish,
Spanish,
Chinese,
and others
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesTrading Academy,
webinars,
market analysis
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersNot specified
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programNo
👉Open Account👉 Open Account

 

IG FSCA Regulated

 

Pros and Cons

✅ Pros❌Cons
The FCA enforces strict regulatory standards, ensuring IG follows best practices in client fund protection, data security, and transparency.The FCA imposes leverage limits (up to 1:30 for retail traders), which may limit profit potential for traders who prefer higher leverage options.
Segregated Client AccountsStrict Regulatory Requirements
Fair Trading EnvironmentSlower Account Processes

 

Our Findings

In our opinion, IG has a wide range of tools to assist traders in learning the trading world. It offers 24/7 support and online trader and staff support in the IG Community chat box, where experienced traders and beginners can chat, ask questions, and give advice.

 

5. FxPro

FxPro Review

 

Overview

FxPro offers access to Contracts for Difference (CFDs) on 6 asset classes, top-tier liquidity, and advanced trade execution with no dealing desk intervention.

 

Min Deposit

USD 100

Regulators

FCA, CySEC, FSCA, SCB

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

70

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

The Broker Financial Services Limited is authorized and regulated by the South Africa Financial Sector Conduct Authority.

 

Features

Company Information
Company NameFxPro
🏢 Company InformationFxPro Group Limited
📅 Year Founded 2006
👩‍💼👨‍💼 Current CEOCharalambos Psimolophitis
👩‍💼👨‍💼 Founder/sDenis Sukhotin
👥 Amount of staffOver 200 employees
👨‍💻 Amount of active tradersOver 1.8 million
📈 Publicly Traded (Listed Company)No
🇬🇧 Regulation and SecurityStrong regulatory oversight
🇬🇧 RegulationFCA, CySEC, FSCA
🇬🇧 Country of regulationUK, Cyprus, South Africa
💼 Account SegregationYes, funds are segregated
🚫 Negative balance protectionYes
🔐 Two-step AuthenticationAvailable
🛡️ Investor Protection SchemesYes, under regulatory authorities
📋 Account Types and FeaturesStandard, MT4, MT5, and cTrader accounts
🏦 Institutional AccountsYes
📊 Managed AccountsNo
💱 Minor account currenciesUSD, EUR, GBP, ZAR
💰 Minimum Deposit$100 / 1700 ZAR
📊 Trading ConditionsCompetitive spreads, fast execution
⏳ Average deposit/withdrawal processing time1-2 business days
💵 Fund Withdrawal FeeNo fees on most methods
📉 Spreads from0.0 pips
💸 CommissionsOn cTrader accounts (from $4.5)
🌍 Number of base currencies supported7
📈 Swap FeesYes, applicable on overnight trades
📈 LeverageUp to 1:500
📊 Margin requirements2%
🌙 Islamic account (swap-free)Yes
🎓 Demo AccountYes, unlimited
⏱️ Order Execution Time< 11ms
☁️ VPS HostingAvailable for high-frequency traders
🌍 Global OfficesUK, Cyprus, Bahamas, Dubai
👆 One-Click TradingYes
🤖 Expert AdvisorsSupported on MT4/MT5
📊 Trading InstrumentsForex, Stocks, Indices, Metals, Energy
📊 CFDs-Total OfferedOver 2000 instruments
📈 CFD Stock IndicesYes, major global indices
🛢️ CFD CommoditiesYes, energy and metals
📉 CFD SharesYes, large selection
👀 Watch listCustomizable
🔔 Trade AlertsYes
📈 Trading Stocks with GPYes
📊 Trading Indices with GPYes
🛠️ Swap on trading boardYes
💳 Deposits and WithdrawalsCredit/Debit cards, Bank Wire, PayPal, Skrill, Neteller
💳 Deposit OptionsMultiple methods supported
💸 Withdrawal OptionsSame as deposit methods
🎁 Welcome BonusNo
💻 Trading Platforms and ToolsMT4, MT5, cTrader, FxPro Edge
🚦 Stop-loss InstrumentYes
🛡️ Investor Protection SchemesYes, under regulatory bodies
🖥️ OS CompatibilityWindows, macOS, iOS, Android
🔧 Forex trading toolsYes, extensive
💬 Customer Support24/5 support available
💬 Live chat availabilityYes, 24/5
📧 Customer Support Email addresssupport@fxpro.com
📞 Customer Support Contact Number+44 (0) 203 151 5550
🌐 Languages supported on FxPro Website18 languages
📚 Educational Resources and SupportWebinars, articles, video tutorials
👍 Beginners Trader friendly UXYes
📚 Forex courseYes, basic to advanced
🖥️ WebinarsYes
📖 Educational ResourcesYes, rich library
🤝 Partnerships and ProgramsYes
🤝 Affiliate program?Yes
🤝 Amount of partners10,000+
📈 IB ProgramYes
⚽ Do they sponsor any notable events or teams?Yes, McLaren F1 team
💰 Rebate programYes, for IBs
🗨️ Community ForumNo
📱 Social Media PlatformsFacebook, Twitter, Instagram, YouTube, LinkedIn
🌐 Official Website addressFxPro
📘 Official Facebook PageFxPro
🐦 Official Twitter PageFxPro
📺 Official YouTube ChannelFxPro
🔗 Official Linkedin PageFxPro
📸 Official Instagram PageFxProGlobal
🇿🇦 Regulatory Status in South AfricaFSCA regulated
🇿🇦 Accept South Africa Traders?Yes
🏛️ Is FxPro regulated by the South Africa regulatory body (FSCA)?Yes
🤝 Does FxPro offer an Affiliate Program for South African Traders?Yes
💱 Does FxPro allow accounts to be opened in ZAR / Rands?Yes
🚀 Open AccountOpen Account

 

FxPro FSCA Regulated

 

Pros and Cons

✅ Pros❌ Cons
High Regulatory StandardsHigh Minimum Deposit for Some Accounts
Wide Range of Trading InstrumentsSwap Fees
Competitive SpreadsCustomer Support Variability
Advanced Trading PlatformsFees for Inactive Accounts
High LeverageLimited Customer Support Channels
Islamic Accounts AvailableComplex Fee Structure
Educational ResourcesGeographical Restrictions

 

Our Findings

 

6. ATFX

ATFX Review

 

Overview

According to research in South Africa, ATFX is a global broker with offices in 23 jurisdictions that has been in operation since 2014.

 

Min Deposit

R100

Regulators

FCA, CySEC, ASIC, FSCA, SCA

Trading Platform

MT5

Crypto

No

Total Pairs

43

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

As a well-regulated and authorized broker, ATFX keeps client funds separate from the broker account in segregated bank accounts, and funds may only be used for trading activities.

 

Features

🔎Broker🥇ATFX
Company Information
📅 Year Founded2014
🧑🏻‍💻 Amount of staff500+ employees
👩‍💻 Amount of active traders200,000+ traders
🌐 Publicly Traded (Listed Company)No
Regulation and Security
🛡️ RegulationFCA (UK), CySEC (Cyprus), ASIC (Australia), FSCA (South Africa), FSC (Mauritius), SCA (UAE), SCA(Jordan)
🌎 Country of regulationUnited Kingdom, Cyprus, Australia, South Africa, Mauritius, UAE, Jordan
💻 Account SegregationYes
🪫 Negative balance protectionYes
🔋 Investor Protection SchemesUp to £85,000 (FSCS - UK)
Account Types and Features
➕ AccountsStandard, ECN
💳 Institutional AccountsYes
👨‍💼 Managed AccountsNo
📇 Minor account currenciesUSD, ZAR
💰 Minimum DepositR100
Trading Conditions
🕞 Deposit/withdrawal processingInstant for deposits, same day for withdrawals
🪙 Fund Withdrawal FeeNo fees
📊 Spreads from0.6 pips (Standard), 0.0 pips (ECN)
💸 CommissionsNo (Standard), Yes (ECN accounts)
💱 Number of base currencies2 (ZAR & USD)
🚀 Swap FeesYes
📈 LeverageUp to 1:500
📏 Margin requirementsDepends on the asset class and leverage
☪️ Islamic account (swap-free)No
💻 Demo AccountYes
⌛ Order Execution Time0.01 seconds (Ultra-fast execution)
📆 VPS HostingYes (for higher-tier accounts)
Trading Instruments
🧾 CFDs-Total Offered65
🗠 CFD Stock Indices15+
⚖️ CFD Commodities8
📜 CFD SharesNone
Deposits and Withdrawals
💳 Deposit OptionsBank Transfer, Credit/Debit Cards, Instant EFT
💵 Withdrawal OptionsBank Transfer
Trading Platforms/Tools
💻 Trading PlatformsMT5, ATFX WebTrader, Mobile App
👩‍💻 OS CompatibilityWindows, MacOS, iOS, Android
🖥️ Forex trading toolsTrading Central, Auto - Chartist
Customer Support
🗣️ Live chat availabilityYes
📱 Customer Support Emailsupport.sa@atfxafrica.com
📞 Customer Support Contact Number+27 31 300 3117
👾 Social media PlatformsFacebook, Twitter, LinkedIn, Instagram
🗣️ Languages supportedMost local SA languages
Educational Resources and Support
🖺 Forex courseYes
🧏‍♀️ WebinarsYes
📚 Educational ResourcesYes (eBooks, videos, articles)
Partnerships and Programs
🪪 Affiliate program?Yes
👨‍🏫 Amount of partners1,000+
📋 IB ProgramYes
🚀 SponsorshipYes (varies by region)
🪙 Rebate programYes
👉Open AccountOpen Account

 

ATFX FSCA Regulated

 

Pros and Cons

✅ Pros❌ Cons
Competitive trading conditionsNot much information on trading and no-trading fees
No deposit fees or withdrawal fees chargedOne Standard Account offered

 

Our Findings

ATFX is considered low-risk and can be summarised as a trustworthy forex broker. It uses MetaTrader 5 as a trading platform and charges very low trading fees.

 

7. CM Trading

CMTrading - Review

 

Overview

CM Trading is a well-established, award-winning Forex Broker that is well-regulated by The Financial Sector Conduct Authority (FSCA) and The Seychelles Financial Services Authority (FSA), respectively.

 

Min Deposit

USD 1

Regulators

FSA, FSCA

Trading Platform

MT4, PandaTS, Webtrader

Crypto

Yes

Total Pairs

174+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Features

Company Information
📅Year Founded2012
⚙️Current CEOIbrahim Abu Aita
Founder/sDaniel Kibel, Maurice Krawczyk
🧑🏻‍💻Amount of staffOver 100
👩‍💻Amount of active tradersOver 1,000,000
🌐Publicly Traded (Listed Company)No
🏦 HeadquarteredSouth Africa
Regulation and Security
🛡️RegulationFSCA, FSA
🌎Country of regulationSouth Africa
💻Account SegregationYes
🪫Negative balance protectionYes
Two-step AuthenticationYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsBronze, silver, Gold, VIP
💳Institutional AccountsYes, tailored solutions for institutional clients
👨‍💼Managed AccountsYes, offered through third-party managed account services
📇Minor account currenciesUSD, EUR, GBP
💰Minimum Deposit$250 USD
Trading Conditions
🕞Average deposit/withdrawal processing time1-3 business days
🪙Fund Withdrawal FeeNo
📊Spreads from0.9 pips
💸CommissionsNone for most accounts
💱Number of base currencies supported3 (USD, EUR, GBP)
🚀Swap FeesYes
📈LeverageUp to 1:200
📏Margin requirementsmargin requirement of only 2%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.1 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total OfferedOver 200
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
Watch ListYes
▶️ HedgingYes
💹 ScalpingYes
Trade AlertsYes
Deposits and Withdrawals
💳Deposit OptionsBank transfer, credit/debit card, e-wallets
💵Withdrawal OptionsBank transfer, credit/debit card, e-wallets
Welcome BonusNo
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4, Sirix
Stop-Loss InstrumentYes
👩‍💻OS CompatibilityWindows, Mac (via emulation), Android, iOS
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes, available 24/5
📱Customer Support email addresssupport@cmtrading.com
📞Customer Support Contact Number+27 10 500 8026
🗣️Languages supported on WebsiteEnglish, Arabic, French, Spanish
Educational Resources and Support
📍Beginners Trader Friendly UXYes
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partnersOver 50,000
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
🧑🏿‍🤝‍🧑🏼Community ForumNo
👤Social Media PlatformsFacebook, Twitter, Instagram, YouTube, LinkedIn
Official Website Addresswww.cmtrading.com
Official Facebook Pagefacebook.com/CMTrading
Official Twitter Pagetwitter.com/cmtrading
Official YouTube Channelyoutube.com/user/cmtrading
Official LinkedIn Pagelinkedin.com/company/cmtrading
Official Instagram Pageinstagram.com/cmtrading_official
South African Trader Specific Information
Does CM Trading Accept South African Traders?Yes
Is CM Trading regulated by the South African regulatory body (FSCA)?Yes
Does CM Trading offer an Affiliate Program for South African Traders?Yes
Does CM Trading allow opening trading accounts in ZAR (South African Rand)?Yes
👉Open AccountOpen Account

 

CM Trading FSCA Regulated

 

Pros and Cons

✅ Pros❌ Cons
Segregated Client FundsNo VPS
Well-EstablishedLimited Range of Instruments

 

Our Findings

After much investigation, we can confidently say that CMTrading is a broker with fantastic support and trading conditions. With years of experience, great customer service, and excellent security, you can trade with full trust with this broker.

 

8. FXTM

FXTM Review South Africa

 

Overview

FXTM or ForexTime is a leading online Forex broker that provides a suitable trading environment, easy-to-use trading platforms, comprehensive materials and tools for education, a wide choice of accounts, and good legal requirements to increase trader’s opportunities.

 

Min Deposit

USD 200

Regulators

FCA, FSC, FSCA

Trading Platform

MT4, MT5, FXTM Trader

Crypto

No

Total Pairs

0

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Features

🔎BrokerFXTM
Company Information
📅Year Founded2011
🧑🏻‍💻Amount of staff700+
👩‍💻Amount of active tradersOver 3 million
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFCA,
FSCA,
FSC
🌎Country of regulationUK,
South Africa,
Mauritius
💻Account SegregationYes
🪫Negative balance protectionYes
🔋Investor Protection SchemesICF (Investor Compensation Fund)
Account Types and Features
💳Institutional AccountsYes
👨‍💼Managed AccountsYes (PAMM accounts)
📇Minor account currenciesUSD,
EUR,
GBP,
AUD,
ZAR
💰Minimum Deposit$200 / R3709
Trading Conditions
🕞Average deposit/withdrawal processing time1-2 business days
🪙Fund Withdrawal FeeVaries by method
📊Spreads from0.1 pips
💸CommissionsFrom $4 per lot (on certain accounts)
💱Number of base currencies supported7
🚀Swap FeesApplicable
📈LeverageUp to 1:2000
📏Margin requirementsVaries based on leverage and asset
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution Time0.01 seconds
📆VPS HostingYes
Trading Instruments
🧾CFDs-Total Offered250+
🗠CFD Stock Indices11
⚖️CFD Commodities6
📜CFD Shares120+
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
💵Withdrawal OptionsCredit/Debit cards,
Bank transfers,
e-wallets
(Skrill, Neteller, etc.)
Trading Platforms and Tools
💻Trading PlatformsMT4,
MT5,
FXTM Trader App
👩‍💻OS CompatibilityWindows,
macOS,
Android,
iOS
🖥️Forex trading toolsTrading signals,
VPS,
economic calendar
Customer Support
🗣️Live chat availabilityYes
📱Customer Support email addresssupport@fxtm.com
📞Customer Support Contact Number+44 203 734 1071
👾Social media PlatformsFacebook,
Twitter,
Instagram,
YouTube
🗣️Languages supported on Website15+
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesArticles,
tutorials,
videos,
webinars
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners3,000+
📋IB ProgramYes
🪙Rebate programYes
👉Open Account👉 Open Account

 

FXTM FSCA Regulated

 

Pros and Cons

✅ Pros❌ Cons
Fast execution speedsBonus programs might be restricted in some regions.
High leverage (up to 1:2000)High leverage can increase risk, especially for beginners.
Tight spreads on ECN accountsLower leverage options for EU/UK clients due to regulations (1:30 for retail traders).
Access to MetaTrader 4 & 5High inactivity fees if the account is dormant.
Good educational resourcesCustomer support can sometimes be slow during peak times.
Regulated by several authorities (FCA, CySEC, FSCA)Limited product offering outside Forex (fewer stocks and indices).

 

Our Findings

 

9. JustMarkets

JustMarkets Review

 

Overview

 

Min Deposit

USD 10

Regulators

FSA, CySEC, FSCA, FSC

Trading Platform

MT4, MT5, MT4/5 WebTrader, mobile (iOS & Android)

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Features

🔎 Broker🥇 JustMarkets
🗓Year Founded2019
👥Amount of StaffInformation not publicly disclosed
🧑🏽‍🤝‍🧑🏽Amount of Active TradersInformation not publicly disclosed
📌Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationRegulated by multiple authorities
🏦Country of RegulationBelize,
Vanuatu
💴Account SegregationYes
🔑Negative Balance ProtectionYes
📑Investor Protection SchemesNot specified
Account Types and Features
👤Institutional AccountsNo
📒Managed AccountsNo
📋Minor Account CurrenciesMultiple including USD,
EUR,
GBP,
JPY,
AUD,
etc.
🪙Minimum DepositUSD 10 / 180 ZAR
Trading Conditions
💷Average Deposit/Withdrawal Processing Time1-3 business days for withdrawals
💵Fund Withdrawal FeeVaries by payment method and region
📉Spreads From0.0 pips
📈CommissionsVaries by account type and instrument
💹Number of Base Currencies Supported20+
📊Swap FeesVaries by instrument and account type
↪️LeverageUp to 1:1000
📌Margin RequirementsVaries by instrument and account type
☪️Islamic Account (Swap-Free)Yes
🆓Demo AccountYes
⏰Order Execution Time0.1-0.3 seconds
📲VPS HostingAvailable upon request
Trading Instruments
📍CFDs-Total Offered1,000+
📍CFD Stock IndicesYes
📍CFD CommoditiesYes
📍CFD SharesYes
Deposits and Withdrawals
💳Deposit OptionsBank transfer, credit/debit cards,
e-wallets
🪙Withdrawal OptionsBank transfer, credit/debit cards,
e-wallets
Trading Platforms and Tools
🖥️Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5)
📱OS CompatibilityWindows,
macOS,
iOS,
Android
⚙️Forex Trading ToolsEconomic calendar, trading calculators, charting tools
Customer Support
🗣️Live Chat AvailabilityYes
📧Customer Support Email Addresssupport@justmarkets.com
📞Customer Support Contact NumberVaries by region
🖥Social Media PlatformsFacebook,
Twitter,
LinkedIn,
Instagram
🔖Languages Supported on JustMarkets Website10+
Educational Resources and Support
📜Forex CourseNo
🖥WebinarsYes
📚Educational ResourcesArticles,
guides,
and videos
Partnerships and Programs
🤝Affiliate ProgramYes
👥Amount of PartnersVaries
🗂IB ProgramYes
❓Do They Sponsor Any Notable Events or Teams?Not specified
✅Rebate ProgramNo
🚀 Open a account👉 Open Account

 

JustMarkets FSCA Regulated

 

Pros and Cons

✅ Pros❌ Cons
Wide Range of PaymentsUS Traders are not accepted
Low minimum DepositOnly Offshore Regulation
Swap-Free AccountsLimited variety of instruments
Multiple Account TypesLacks a top-tier regulatory license
Leverage up to 1:3000Inactivity Fee

 

Our Findings

 

10. Tickmill

rev tickmill

Overview

Another critical benefit is the broker’s solid regulatory structure. Multiple top-tier regulators regulate the broker, including the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC).

 

Min Deposit

USD 100

Regulators

CySEC, FCA, FSA, FSCA

Trading Platform

MT4, MT5, Tickmill Trader

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Features

🔎Broker🥇Tickmill
Company Information
📅Year Founded2014
👨Current CEODuncan Anderson
🧑‍🤝‍🧑Founder/sNot publicly available
🧑🏻‍💻Amount of staff441
👩‍💻Amount of active tradersOver 400 000
🌐Publicly Traded (Listed Company)No
Regulation and Security
🛡️RegulationFSA, FCA, CySEC, FSCA
🌎Country of regulationSeychelles, UK, Cyprus, South Africa
💻Account SegregationYes
🪫Negative balance protectionYes
⛗Two-step AuthenticationYes
🔋Investor Protection SchemesYes
Account Types and Features
➕AccountsPlus account and Raw account
💳Institutional AccountsYes
👨‍💼Managed AccountsYes
📇Minor account currenciesUSD, EUR, GBP, ZAR
💰Minimum DepositUSD 100 / 1812 ZAR
Trading Conditions
🕞Average deposit/withdrawal processing timeInstant to 1 business day
🪙Fund Withdrawal FeeFree, but may vary based on payment method and account type
📊Spreads from0.0 pips
💸CommissionsVaries by account type, often commission-free, $2 per side per lot (Pro Account)
💱Number of base currencies supported4 (EUR, USD, GBP, PLN)
🚀Swap FeesOvernight financing fees apply
📈LeverageUp to 1:1000
📏Margin requirements50%
☪️Islamic account (swap-free)Yes
💻Demo AccountYes
⌛Order Execution TimeTypically within milliseconds
📆VPS HostingYes, for an additional fee
Trading Instruments
🧾CFDs-Total OfferedOver 725
🗠CFD Stock IndicesYes
⚖️CFD CommoditiesYes
📜CFD SharesYes
👁️‍🗨 WatchlistYes
🔔 Trade AlertsYes
💼 Trading Stocks with GPYes
📉 Trading Indices with GPYes
💹 Swap on Trading BoardYes
Deposits and Withdrawals
💳Deposit OptionsCredit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT)
💵Withdrawal OptionsCredit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT)
Trading Platforms and Tools
💻Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App
👩‍💻OS CompatibilityWindows, macOS, iOS, Android
🖥️Forex trading toolsYes
Customer Support
🗣️Live chat availabilityYes 24/5
📱Customer Support email addresssupport@tickmill.com
📞Customer Support Contact NumberSouth Africa: +278 7250 0696
International: +852 5808 7849
👾Social media PlatformsFacebook, Twitter, Instagram
🗣️Languages supported on Website17 Languages
Educational Resources and Support
🖺Forex courseYes
🧏‍♀️WebinarsYes
📚Educational ResourcesYes
Partnerships and Programs
🪪Affiliate program?Yes
👨‍🏫Amount of partners9000+
📋IB ProgramYes
🏃‍♂️‍➡️Do they sponsor any notable events or teams?Yes
🪙Rebate programYes
👉Open Account👉Open Account

 

Tickmill FSCA Regulated

 

Pros and Cons

✅ Pros❌ Cons
Advanced trading platforms such as MetaTrader 4 and 5 are available to South AfricansTickmill provides a limited set of research tools and market analysis
South Africans can take part in frequent promotions and competitions, including a $30 no-deposit bonusSouth Africans may find educational options that are less targeted to local market needs
Tickmill provides risk management solutions to help traders manage their trading risks effectivelyPromotional offers and bonuses may be less appealing to South Africans compared to some local competitors

 

Our Findings

Tickmill allows any strategy to trade through their platform, so if you have your technique, they will gladly accept your plan. They are a very competitive broker with low speeds, and there are low forex fees, no withdrawal fees, and no inactivity fees.

 

FSCA Regulated Forex Brokers

Best FSCA Regulated Forex Brokers

Conclusion

In our research, we have verified a list of Regulated brokers in South Africa, but not only have we varied them, but we have also taken safety, customer support, track record, and factors such as spreads and tight leverage into consideration to offer you the best of the best brokers to choose from to trade with.

 

You might also like: HF Markets Review.

You might also like: Exness Review.

You might also like:  IG Review.

You might also like: AvaTrade Review

You might also like:  Tickmill Review

 

Frequently Asked Questions

 

Who is the FSCA/FSB?

The Financial Sector Conduct Authority, or FSCA, is the market conduct regulator of financial institutions in South Africa. It was previously known as the FSB (Financial Services Board).

 

What is the purpose of the FSCA/FSB?

The FSCA is responsible for market conduct regulation and supervision in South Africa.

 

Who is the Best Overall FSCA Regulated Forex Broker?

According to research, HF Markets is the Best Overall FSCA/FSB Regulated Forex Broker.

 

What are the Key Responsibilities of the FSCA?

The Key Responsibilities of the FSCA include the regulation of Capital Markets, Insurers, and Financial Services Providers.

 

Do all FSCA Regulated Forex Brokers offer ZAR accounts?

No. Only a selection of FSCA Regulated Forex Brokers will make ZAR accounts available.

5/5 - (29 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 13, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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