Is IG regulated by the FSCA?

What the FSCA licence means

Based on our licence database, IG holds a licence (FSP 41393) 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 IG 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.

IG is also matched to licences from ASIC, BaFin, CFTC / NFA, FCA, FINMA, JFSA, MAS, DFSA, FMA (NZ) and BMA. ASIC, BaFin, CFTC / NFA, FCA, FINMA, JFSA and MAS are rated higher than the FSCA in our methodology, so if you are eligible for those entities you may get stronger protection. Note that clients outside South Africa may be onboarded to a weaker entity (BMA) 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

1. Open IG's client agreement or website footer and note the exact company name and FSCA licence number.
2. Search that name or number on the official FSCA register. Check the status is current, not cancelled or suspended.
3. Confirm the website domain you're using (ig.com) is the one listed on the register — clone firms copy genuine licence numbers.
4. Search the FSCA warnings page and IOSCO I-SCAN for the brand name.

IG's other licences