Regulated Forex Brokers

South African Forex Brokers regulated by FSB (FSCA)

South Africa FSB FSCA Regulated Forex Brokers
The South African Forex Brokers are regulated by the ‘Financial Services Board’ (FSB - FSCA) which is an independent financial regulatory entity in South Africa. The ‘FSB’ 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 FSB 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 FSB attempts to provide a trustworthy market atmosphere for both the providers and investors of the financial markets. Below you can find the list of FSB Registered Forex Brokers in South Africa.
FXTM
FXTM
Min Deposit: $5
A/C: Cent, Micro, ECN
Leverage: up to 1:1000
Spreads: Floating

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
Headquarters: Cyprus

HotForex
HotForex
Min Deposit: $5
A/C: Micro, Premium, Fixed, VIP
Leverage: up to 1:1000
Spreads: Floating & Fixed

Forex, Energies, Metals, Cryptocurrencies
MT4 & 5, Web, Mobile Platforms
Bank wire, Credit cards, Webmoney, FasaPay, Skrill, Neteller & more

Regulation: CySEC, FSC, FSB
FSB / FSCA license: #46632
Year Founded: 2010
Headquarters: Cyprus

FSB (FSCA) 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 ‘FSB’ is after providing a safe, healthy, and robust market environment for all the consumers of financial products. Since its establishment, the FSB 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 FSB regulated markets can verify the authenticity of a firm regarding its license, products, and authority through this firm. The FSB 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 FSB 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 FSB 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 FSB Regulated Forex Broker:

The FSB regulated Forex Brokers can be found on FSB’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.
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High-Risk Warning: Forex and CFDs are leveraged products and carry a high level of risk that can result in losses exceeding your deposit. You should be aware of all the risks associated with trading.
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