List of Broker with FSCA Regulation

Some popular brokers that adhere to the rules and are regulated by FSCA include:

1. FBS broker: Regulated by FSCA with license number of 50885, headquarters in Cape Town, ZAR account avaliable.
2. Exness:  ZAR accounts are available, regulated by FSCA 51024, and have headquarters in South Africa.
3. AvaTrade: FSCA regulated under license number 45984, South African headquarters available. ZAR Accounts are not available, as well as deposits and withdrawals.
4. Tickmill: FSCA regulated under license number 49464. Not supporting ZAR account-based currency, deposit, and withdrawal. No South African Headquarters.
5. FXTM: Regulated by FSCA  with license number 46614, no headquarters in South Africa, ZAR account not available.
6. Axi: ZAR account available, as well as deposit and withdrawal. South Africa headquarters is available. Not regulated by the FSCA.
7. XM Broker: ZAR base currency. South Africa headquarters is available. Not regulated by the FSCA. 

Continue Reading at Top Forex Brokers in South Africa

The FSCA must regulate forex brokers before they are allowed to offer their services to South Africans. To minimize unscrupulous activities, brokers must also report all trades. The regulator seeks to promote fair competition between brokers. The FSCA is expected to mediate the parties involved if a conflict arises.

For South African forex traders, a license from the FSCA is likely a sign of reliable brokers. The FSCA-regulated brokers have a reputation for treating their customers fairly and helping educate them about finance. Should traders feel they have become victims of fraudulent activity, they can file a report to the FSCA.

Continue Reading at Is Forex Trading Legal in Africa?

Forex trading in South Africa is regulated by the Financial Sector Conduct Authority (FSCA). It is one of the oldest and most reputable regulators in the world with over 1,000 entities under its watch.

Continue Reading at Do Forex Traders Pay Tax in South Africa?

Some of the top regulatory agencies in the world include:

• The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the United Kingdom
• The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States
• The Swiss Financial Market Supervisory Authority (FINMA) in Switzerland
• The Australian Securities and Investments Commission (ASIC) in Australia
• The Financial Services Agency of Japan (JFSA) in Japan
• The Cyprus Securities and Exchange Commission (CySEC) in Cyprus

If the broker you use is regulated by one of the regulatory agencies above, you can be confident that it is safe. The reason is that these regulatory agencies have strict requirements that brokers must meet to be licensed.

Only the most reputable and trustworthy brokers can obtain a license.

Continue Reading at How to Avoid Forex Broker Scams