Evest licence record
Is Evest regulated by the FSCA?
Yes, according to our records. Evest is matched to a licence from the Financial Sector Conduct Authority (South Africa). Confirm it on the register before relying on it.
What the FSCA licence means
Our records show that, Evest holds a licence from the Financial Sector Conduct Authority (FSCA), the financial regulator for South Africa. We classify the FSCA as tier 2 — strong regulation. Credible regulators with real rulebooks, but fewer safeguards than tier 1 (e.g. no compensation scheme or looser leverage rules).
For Evest clients whose account is held by its FSCA-regulated entity, the key protections are: compensation — No compensation scheme; FAIS Ombud handles complaints; retail leverage — No statutory retail leverage cap; negative balance protection — not a regulatory requirement (may be offered contractually); client money — Client funds must be kept in separate trust/client accounts. Disputes can be taken to FAIS Ombud.
Evest is also matched to licences from VFSC. Note that clients outside South Africa may be onboarded to a weaker entity (VFSC) instead.
Protection at a glance
- Regulator tier
- Tier 2 — Strong regulation
- Compensation scheme
- No compensation scheme; FAIS Ombud handles complaints
- Retail leverage
- No statutory retail leverage cap
- Negative balance protection
- Not a regulatory requirement
- Client money
- Client funds must be kept in separate trust/client accounts
- Complaints
- FAIS Ombud
How to verify this licence
- Open Evest's client agreement or website footer and note the exact company name and FSCA licence number.
- Search that name or number on the official FSCA register. Check the status is current, not cancelled or suspended.
- Confirm the website domain you're using (evest.com) is the one listed on the register — clone firms copy genuine licence numbers.
- Search the FSCA warnings page and IOSCO I-SCAN for the brand name.
Evest's other licences
Frequently asked questions
Is Evest regulated by the FSCA?
Our database records Evest as holding a licence from the Financial Sector Conduct Authority. Confirm the current status on the FSCA register: https://www.fsca.co.za/Fais/Search_FSP.htm
Does the FSCA licence protect all Evest clients?
No. It protects clients whose account is with the specific Evest company licensed by the FSCA. Clients onboarded to a different group entity are covered by that entity's regulator instead.
Is there a compensation scheme for Evest clients under the FSCA?
No compensation scheme; FAIS Ombud handles complaints
What leverage can Evest offer under the FSCA?
No statutory retail leverage cap