Some Seriously Regulated Forex and CFDs Brokers
Find here the most well established regulated brokers with a trustworthy reputation
FSCA (FSB) South Africa Regulated Forex Brokers
The Financial Services Board (FSB) was the government of South Africa’s financial regulatory agency responsible for the non-banking financial services industry in South Africa from 1990 to 2018. It has been disolved and reforged into the Financial Sector and Conduct Authority (FSCA).
The South African Forex Brokers are regulated by the ‘Financial Services Board’ (FSCA – FSB) which is an independent financial regulatory entity in South Africa. The ‘FSCA’ regulates and oversees the financial activities of all the Investment Firms, Capital Markets, Insurers and Insurance Companies, Credit Agencies, Forex Brokerage Firms, Stock Exchange, as well as other relevant companies to ensure the safety of client’s funds and the integrity of the economy in the regions. The FSCA is empowered to enforce preventative and disciplinary measures which include financial penalties, suspension, or annulment of the licenses if the registered companies step foot outside the framework of the laws. The FSCA attempts to provide a trustworthy market atmosphere for both the providers and investors of the financial markets. Below you can find the list of FSCA Registered Forex Brokers in South Africa.
This established regulated Forex broker
is licensed with South Africas’ FSCA (FSB)
Min Deposit $5
Cent, Micro, ECN
Leverage up to 1:1000
Forex, CFDs, Metals, Energies, Stocks
MT4 & 5, Web, Mobile Platforms
Bank wire, Credit cards, Webmoney, Skrill, Neteller, PerfectMoney.
Regulation: FCA, CySEC, IFSC
FSB / FSCA license: #46614
Year Founded: 2013
FSCA (FSB) South Africa Regulation
The ‘Financial Services Board,’ a self-governing supervisory body established in 1991, is in charge of regulating financial services providers such as insurance, retirement funds, and collective investment schemes companies, Forex brokers, investment firms, financial advisors except for the banking services in South Africa. This supervisory body is also responsible for ‘Johannesburg Stock Exchange,’ a world-class African Stock Exchange, which plays a major role in the economy. The ‘FSCA’ is after providing a safe, healthy, and robust market environment for all the consumers of financial products. Since its establishment, the FSCA has it made its priority to build a worthy reputation in South Africa, other parts of the continent, as well as the whole world. The Financial Services Board makes certain that the financial products consumers are treated professionally, only quality products are offered to the clients, the financial markets and relevant institutions are transparent in their practices, and the overall status of the financial industry is steadfast and secure. The very presence of this organization prevents many illegal financial providers from cheating the customers out of their money thereby creating a safer investment market. Moreover, the consumers of FSCA regulated markets can verify the authenticity of a firm regarding its license, products, and authority through this firm. The FSCA runs regular investigations into the registered companies to ensure the safety of investors’ funds, keeps its provisions up to date with those of the internationally known regulatory bodies, and supervises South African Securities exchanges, clearing houses, and central securities depositories. Another promotional activity that the FSCA is proud to be a part is educating the public in terms of financial products, institutions, and services in the hope of creating utmost confidence in the South African investment markets. The FSCA also cooperates with the ‘International Organization of Securities Commissions’ (IOSCO) and ‘Committee of Insurance, Securities and Non-Banking Financial Authorities’ (CISNA) as a part of its duties.
How to verify an FSCA Regulated Forex Broker:
The FSCA regulated Forex Brokers can be found on FSCA’s official search page for the authorized companies. On this page, there are four boxes to type the info of the company that you are looking for – license number, company Name, Postal Code, and ID, simply search for the company by providing any of them. Once you have completed your search, the company in question will appear with its relevant information. Afterward, you can click on the ‘Details’ to see the content.