FSCA Regulated Forex Brokers 2026

The Financial Sector Conduct Authority (FSCA) is South Africa's primary market conduct regulator for non-banking financial services, established in 2018 as the successor to the Financial Services Board (FSB). The FSCA oversees financial advisers, investment firms, and trading platforms operating in South Africa. Several major international forex brokers - including Exness and IC Markets - hold FSCA licences for their South African entities. For Gulf and MENA traders, the FSCA-regulated entity is often the one that serves accounts due to its permissive leverage regime: unlike the FCA or ASIC, the FSCA does not cap retail leverage, allowing brokers to offer up to 1:500 or higher. The FSCA requires financial service providers (FSPs) to be registered and maintain fit-and-proper standards.

Forex Brokers Regulated by FSCA (3 found)

#1

Exness ☛ Islamic

Min deposit: $1.00  ·   Leverage: 1:2000  ·   EUR/USD: 0.10 pips

Regulated by: FCA, CySEC, FSCA, FSA

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#2

IG

Min deposit: $250.00  ·   Leverage: 1:200  ·   EUR/USD: 0.60 pips

Regulated by: FCA, ASIC, MAS, CFTC, BaFin, FSCA

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#3

AvaTrade ☛ Islamic

Min deposit: $100.00  ·   Leverage: 1:400  ·   EUR/USD: 0.90 pips

Regulated by: Central Bank of Ireland, ASIC, FSA, FSCA

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What Is the Financial Sector Conduct Authority?

The Financial Sector Conduct Authority (FSCA) is South Africa's primary market conduct regulator for non-banking financial services, established in 2018 as the successor to the Financial Services Board (FSB). The FSCA oversees financial advisers, investment firms, and trading platforms operating in South Africa. Several major international forex brokers - including Exness and IC Markets - hold FSCA licences for their South African entities. For Gulf and MENA traders, the FSCA-regulated entity is often the one that serves accounts due to its permissive leverage regime: unlike the FCA or ASIC, the FSCA does not cap retail leverage, allowing brokers to offer up to 1:500 or higher. The FSCA requires financial service providers (FSPs) to be registered and maintain fit-and-proper standards.

How to Verify FSCA Regulation

Before depositing funds with any broker, verify their regulatory status directly on the FSCA official register. Do not rely solely on licence numbers displayed on a broker's website - always cross-check the number against the public register. The official website is listed in the key facts above. Be wary of clone firms that use the names and registration numbers of legitimate brokers to deceive traders. For a full breakdown of all GCC and international regulators, see our GCC Forex Regulation Complete Guide.

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