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.
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.