ForexLicenses

Forex brokers regulated in South Africa

South Africa is home to one regulator tracked by ForexLicenses.com: the Financial Sector Conduct Authority (FSCA). We match 54 brokers to a licence from this regulator. 11 brokers are headquartered in South Africa.

Rules for traders in South Africa

South African brokers need an FSCA licence (FSP number), and firms issuing CFDs as principal need ODP authorisation. There is no statutory leverage cap and no compensation scheme; complaints go to the FAIS Ombud.

Read our full South Africa guide

Regulators in South Africa

FSCA 2 Financial Sector Conduct AuthorityNo compensation scheme; FAIS Ombud handles complaints

Brokers licensed in South Africa 54

Brokers matched to at least one licence from a regulator based in South Africa. Holding a local licence does not mean every client of the brand is served by the local entity.

Broker Licences on record Licence Score Actions
1 I IG Spread betting & CFD provider, since 1974 ASICBaFinCFTC / NFAFCAFINMAJFSA+5 93Very strong Licences Visit site
2 P Plus500 Forex & CFD broker, since 2008 ASICCFTC / NFAFCAMASCySECDFSA+4 92Very strong Licences Visit site
3 A AvaTrade Forex & CFD broker, since 2006 ASICCBIJFSAFSCAFSRA (ADGM)ISA+3 83Very strong Licences Visit site
4 A Admirals Forex & CFD broker, since 2001 ASICFCACySECEFSAFSCACMA (Kenya)+2 78Strong Licences Visit site
5 T ThinkMarkets Forex & CFD broker, since 2010 ASICFCAJFSACySECFSCACIMA 77Strong Licences Visit site
6 X XTB Multi-asset broker, since 2002 FCACySECDFSAFSCAKNFFSC (Belize) 75Strong Licences Visit site
7 F FXCM Forex & CFD broker, since 1999 ASICFCACySECFSCA 72Strong Licences Visit site
8 H HFM Forex & CFD broker, since 2010 FCACySECDFSAFSCACMA (Kenya)FSC (MU)+1 70Strong Licences Visit site
9 X XM Forex & CFD broker, since 2009 ASICCySECDFSAFSCACMA (Kenya)FSA (Seychelles)+1 70Strong Licences Visit site
10 EM EC Markets Forex & CFD broker, since 2011 ASICFCAFMA (NZ)FSCA 69Strong Licences Visit site
11 FM FP Markets Forex & CFD broker, since 2005 ASICCySECFSCACMA (Kenya)FSC (MU)FSA (Seychelles) 69Strong Licences Visit site
12 V Vantage Forex & CFD broker, since 2009 ASICFCAFSCACIMAVFSC 69Strong Licences Visit site
13 E Exness Forex & CFD broker, since 2008 FCACySECFSCACMA (Kenya)FSC (MU)JSC+3 68Strong Licences Visit site
14 F FxPro Forex & CFD broker, since 2006 FCACySECFSCASCBFSA (Seychelles) 68Strong Licences Visit site
15 T Tickmill Forex & CFD broker, since 2014 FCACySECDFSAFSCALabuan FSAFSA (Seychelles) 67Strong Licences Visit site
16 TN Trade Nation Spread betting & CFD provider, since 2014 ASICFCAFSCASCBFSA (Seychelles) 67Strong Licences Visit site
17 A ATFX Forex & CFD broker, since 2014 FCACySECFSCASCAFSC (MU) 66Strong Licences Visit site
18 MC Markets.com Forex & CFD broker, since 2008 FCACySECFSCABVI FSC 66Strong Licences Visit site
19 F FXTM Forex & CFD broker, since 2011 FCACySECFSCACMA (Kenya)FSC (MU) 65Strong Licences Visit site
20 I Infinox Forex & CFD broker, since 2009 FCAFSCAFSC (MU)SCB 63Strong Licences Visit site
21 OF One Financial Markets Forex & CFD broker, since 2004 FCAFSCA 63Strong Licences Visit site
22 T Trive Forex & CFD broker, since 2012 ASICFSCAMFSA 63Strong Licences Visit site
23 TC Trade.com Multi-asset broker, since 2013 FCACySECFSCA 62Strong Licences Visit site
24 AS ACY Securities Forex & CFD broker, since 2011 ASICFSCAVFSC 61Moderate Licences Visit site
25 VM VT Markets Forex & CFD broker, since 2015 ASICFSCAFSC (MU) 59Moderate Licences Visit site
26 J JustMarkets Forex & CFD broker, since 2012 CySECFSCAFSC (MU)BVI FSCFSA (Seychelles) 51Moderate Licences Visit site
27 L Libertex Forex & CFD broker, since 1997 CySECFSCA 51Moderate Licences Visit site
28 A AAAFx Forex & CFD broker, since 2008 FSCAHCMC 50Moderate Licences Visit site
29 F FXPrimus Forex & CFD broker, since 2009 CySECFSCAVFSC 50Moderate Licences Visit site
30 I IronFX Forex & CFD broker, since 2010 CySECFSCABMA 50Moderate Licences Visit site
31 CP Colmex Pro Multi-asset broker, since 2010 CySECFSCA 49Moderate Licences Visit site
32 O Octa Forex & CFD broker, since 2011 CySECFSCAFSC (MU) 49Moderate Licences Visit site
33 GT Global Trader Multi-asset broker, since 1999 FSCA 48Moderate Licences Visit site
34 SB Standard Bank Online Trading Trading bank, since 1862 FSCA 48Moderate Licences Visit site
35 VT Velocity Trade Multi-asset broker, since 2005 FSCA 48Moderate Licences Visit site
36 W Weltrade Forex & CFD broker, since 2006 FSCA 48Moderate Licences Visit site
37 B BDSwiss Forex & CFD broker, since 2012 FSCAFSC (MU)FSA (Seychelles) 47Moderate Licences Visit site
38 CT CM Trading Forex & CFD broker, since 2012 FSCAFSA (Seychelles) 46Moderate Licences Visit site
39 FC FXGT.com Forex & CFD broker, since 2019 CySECFSCAFSA (Seychelles)VFSC 46Moderate Licences Visit site
40 F FXGlobe Forex & CFD broker, since 2012 FSCAVFSC 46Moderate Licences Visit site
41 SM Scope Markets Forex & CFD broker, since 2014 FSCACMA (Kenya)FSC (Belize) 46Moderate Licences Visit site
42 S Startrader Forex & CFD broker, since 2012 FSCAFSA (Seychelles) 46Moderate Licences Visit site
43 PP PU Prime Forex & CFD broker, since 2015 FSCAFSC (MU)FSA (Seychelles) 45Moderate Licences Visit site
44 E Eurotrader Forex & CFD broker, since 2019 CySECFSCA 44Weak Licences Visit site
45 F Fxview Forex & CFD broker, since 2019 CySECFSCA 44Weak Licences Visit site
46 E Evest Forex & CFD broker, since 2019 FSCAVFSC 42Weak Licences Visit site
47 IB IFX Brokers Forex & CFD broker, since 2017 FSCA 42Weak Licences Visit site
48 MM Moneta Markets Forex & CFD broker, since 2020 FSCAFSA (Seychelles) 42Weak Licences Visit site
49 RM RCG Markets Forex & CFD broker, since 2017 FSCA 42Weak Licences Visit site
50 T Trade245 Forex & CFD broker, since 2017 FSCA 42Weak Licences Visit site
51 T Tradehall Forex & CFD broker, since 2019 FSCA 41Weak Licences Visit site
52 VM Vault Markets Forex & CFD broker, since 2019 FSCA 41Weak Licences Visit site
53 B Banxso Forex & CFD broker, since 2021 FSCA 40Weak Licences Visit site
54 H Headway Forex & CFD broker, since 2022 FSCA 40Weak Licences Visit site

Brokers headquartered in South Africa 11

Broker Licences on record Licence Score Actions
GT Global Trader Multi-asset broker, since 1999 FSCA 48Moderate Licences Visit site
SB Standard Bank Online Trading Trading bank, since 1862 FSCA 48Moderate Licences Visit site
VT Velocity Trade Multi-asset broker, since 2005 FSCA 48Moderate Licences Visit site
CT CM Trading Forex & CFD broker, since 2012 FSCAFSA (Seychelles) 46Moderate Licences Visit site
IB IFX Brokers Forex & CFD broker, since 2017 FSCA 42Weak Licences Visit site
T Trade245 Forex & CFD broker, since 2017 FSCA 42Weak Licences Visit site
RM RCG Markets Forex & CFD broker, since 2017 FSCA 42Weak Licences Visit site
T Tradehall Forex & CFD broker, since 2019 FSCA 41Weak Licences Visit site
VM Vault Markets Forex & CFD broker, since 2019 FSCA 41Weak Licences Visit site
B Banxso Forex & CFD broker, since 2021 FSCA 40Weak Licences Visit site
JM JP Markets Forex & CFD broker, since 2016 Exited / licence withdrawn No licence on record Inactive Licences

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.