FSCA Regulated Forex Brokers, are fx brokers that are fully regulated by the Financial Sector Conduct Authority (formerly known as FSB) and have a physical presence in South Africa.
The FSCA or Financial Sector Conduct Authority is the sole regulator for all financial services and related activities in South Africa. One of its main goals is to protect the citizens of South Africa from fraud and financial crimes. Although it is completely legal for South Africans to trade forex with brokers that are not regulated by the FSCA, a lot of them prefer to trade with brokers that are regulated by their local regulatory body.
Getting this license is considered a major advantage for forex brokers that want to penetrate the South African market. This is due to the fact that FSCA can provide protection and consultation to the local traders. Obtaining this license is considered a big milestone for brokers that want to dominate in the African forex market. However, choosing the best regulated broker to trade with can be difficult as there are so many options available for the South African traders.
FSCA Regulated Forex Brokers List
MAS, JFSA, DIFC