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HomeRegulationJurisdictionsSouth Africa

Forex regulation in South Africa

This page explains the authorities and public records connected with retail forex and CFD activity in South Africa. Rules can depend on the product, legal entity, client type and location.

Regulatory overview

The FSCA licenses ODP providers. Many international brokers hold one for their African clients.

Authorities

Financial Sector Conduct AuthorityAFSCA (South Africa) · Tier two · EstablishedLicenses financial services providers, including over-the-counter derivative providers, for South African clients.

Broker records

BrokerAuthorityLicenceStatus
AvaTrade logoAvaTrade 9.2/10FSCA (South Africa)45984Review pendingView licence record
FxPro logoFxPro 9.2/10FSCA (South Africa)45052Review pendingView licence record
XM logoXM 9.2/10FSCA (South Africa)49976Review pendingView licence record
Admirals logoAdmirals 9.0/10FSCA (South Africa)51311Review pendingView licence record
Markets.com logoMarkets.com 9.0/10FSCA (South Africa)46860Review pendingView licence record
Plus500 logoPlus500 9.0/10FSCA (South Africa)47546Review pendingView licence record
easyMarkets logoeasyMarkets 8.7/10FSCA (South Africa)54018Review pendingView licence record
HF Markets logoHF Markets 8.7/10FSCA (South Africa)46632Review pendingView licence record
FP Markets logoFP Markets 8.5/10FSCA (South Africa)FSP 50926Review pendingView licence record
ACY Securities logoACY Securities 8.4/10FSCA (South Africa)51008Review pendingView licence record
FXTM logoFXTM 8.4/10FSCA (South Africa)50320Review pendingView licence record
ThinkMarkets logoThinkMarkets 8.4/10FSCA (South Africa)Not confirmedReview pendingView licence record
Exness logoExness 8.3/10FSCA (South Africa)Not confirmedReview pendingView licence record
Moneta Markets logoMoneta Markets 8.3/10FSCA (South Africa)47490Review pendingView licence record
Tickmill logoTickmill 8.3/10FSCA (South Africa)49464Review pendingView licence record
IronFX logoIronFX 8.2/10FSCA (South Africa)FSP 45276Review pendingView licence record
EC Markets logoEC Markets 8.1/10FSCA (South Africa)51842Review pendingView licence record
STARTRADER logoSTARTRADER 8.1/10FSCA (South Africa)52464Review pendingView licence record
FXCM logoFXCM 8.0/10FSCA (South Africa)FSP 46534Review pendingView licence record
Tradu logoTradu 8.0/10FSCA (South Africa)46534Review pendingView licence record
ATFX logoATFX 7.9/10FSCA (South Africa)44816Review pendingView licence record
Octa logoOcta 7.9/10FSCA (South Africa)FSP 51913Review pendingView licence record
VT Markets logoVT Markets 7.9/10FSCA (South Africa)50865Review pendingView licence record
Mitrade logoMitrade 7.8/10FSCA (South Africa)54842Review pendingView licence record
PU Prime logoPU Prime 7.8/10FSCA (South Africa)52218Review pendingView licence record
Vantage logoVantage 7.8/10FSCA (South Africa)51268Review pendingView licence record
IUX logoIUX 7.7/10FSCA (South Africa)Not confirmedReview pendingView licence record
Trade Nation logoTrade Nation 7.7/10FSCA (South Africa)Not confirmedReview pendingView licence record
Xtrade logoXtrade 7.3/10FSCA (South Africa)FSP 44681Review pendingView licence record

Client protections

Under FSCA (South Africa)

Client-money rules
Not confirmed
Capital requirements
Not confirmed
Negative balance protection
Not confirmed
Leverage restrictions
Not confirmed
Compensation scheme
Not confirmed
External dispute resolution
Available subject to eligibility
Risk disclosures
Not confirmed
Reporting or audit
Not confirmed

Complaint routes

Official warnings

No official warnings connected with South Africa are recorded.

Browse the warnings directory.

Frequently asked questions

Is forex trading regulated in South Africa?

FSCA (South Africa) is the authority on record for South Africa. The FSCA licenses ODP providers. Many international brokers hold one for their African clients.

Does a foreign licence protect a trader in South Africa?

Only when the account is legally contracted with the licensed entity and the licence permits the relevant service. A broker brand may operate several entities, and the protections follow the entity that signs the account agreement, not the brand.

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