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Tier 2 South Africa · Est. 2018

FSCA

Financial Sector Conduct Authority

The FSCA is South Africa's market conduct regulator for financial institutions. It replaced the old FSB in 2018 and focuses on protecting financial customers, overseeing OTC derivative providers, and maintaining fair, efficient markets.

Classification

Tier 2

Jurisdiction

South Africa

Established

2018

Brokers Reviewed

10

Routing from FSCA trust checks

Regulator pages should reduce trust hesitation, then move readers back into reviews, best pages, and head-to-head comparisons.

Route back into broker reviews

Regulator pages should reduce trust hesitation, then send readers back into broker evaluation.

Use compare when the shortlist is down to two

Once the trust box is checked, the next move is usually a head-to-head comparison.

Brokers Regulated by FSCA

F

FxPro

Est. 2006 · London, UK

CySEC FCA FSCA
8.4
Overall Score

FxPro offers four trading platforms including its proprietary FxPro Edge, NDD execution, and strong CySEC/FCA regulation across 2,100+ instruments.

A

AvaTrade

Est. 2006 · Dublin, Ireland

CySEC ASIC FSA FSCA CBB
8.3
Overall Score

AvaTrade is one of the most widely regulated brokers globally, offering MT4/MT5, proprietary apps, options trading, and copy trading since 2006.

E

Exness

Est. 2008 · Limassol, Cyprus

FCA CySEC FSCA
8.0
Overall Score

Exness combines instant withdrawals, $1 minimum deposit, and competitive raw spreads with strong FCA/CySEC regulation and massive monthly volume.

H

HFM

Est. 2010 · Limassol, Cyprus

CySEC FCA FSCA FSA
8.0
Overall Score

HFM (formerly HotForex) offers accessible trading from $5, quad-regulation, copy trading, and multiple account types across 1,200+ instruments.

F

FXCM

Est. 1999 · London, UK

FCA ASIC FSCA
8.0
Overall Score

FXCM is a veteran forex broker (est. 1999) offering the proprietary Trading Station platform, FCA/ASIC regulation, and research tools.

M

Markets.com

Est. 2008 · Limassol, Cyprus

CySEC FCA FSCA
7.8
Overall Score

Markets.com is a triple-regulated broker offering 2,500+ instruments through its proprietary platform and MetaTrader, with strong research tools.

F

FXView

Est. 2017 · Limassol, Cyprus

CySEC FSCA FSA
7.8
Overall Score

FXView is a CySEC-regulated multi-asset broker built around a RAW ECN account, 0.0-pip pricing claims, and support for both ActTrader and MT4.

I

IronFX

Est. 2010 · Limassol, Cyprus

CySEC FCA FSCA
7.4
Overall Score

IronFX offers multiple account types including zero spread and STP/ECN options on MT4, with CySEC/FCA/FSCA regulation across 500+ instruments.

C

CMTrading

Est. 2012 · Johannesburg, South Africa

FSCA FSC
6.9
Overall Score

CMTrading is an FSCA-regulated South African broker offering Sirix social copy trading and a strong educational ecosystem for newer traders.

B

B2B Prime

Est. 2016 · Limassol, Cyprus

CySEC FSC Mauritius FSA Seychelles FSCA South Africa DFSA Dubai
6.5
Overall Score

B2B Prime is a multi-regulated prime-of-prime liquidity provider serving brokers and institutional clients across five jurisdictions.