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South AfricaEach broker on this page is authorised by the Financial Sector Conduct Authority (FSCA), South Africa’s Tier 2 financial services regulator. FSCA-regulated brokers are required to maintain client fund segregation and must comply with local standards for financial conduct and transparency. The FSCA supervises retail trading activity in South Africa, but does not specify a leverage cap for retail accounts. Brokers under FSCA oversight operate within the South African jurisdiction, which is known for its proactive regulatory approach.
Verify on official register
Check a broker’s licence status directly on the FSCA register.
IC Markets offers Shares CFDs on 2,000+ global stocks via MT5 and IRESS, combining its benchmark ECN infrastructure with direct equity access, a strong complement to its core forex range for active traders who also need equity exposure.
AvaTrade provides share CFD access on 600+ global stocks with fixed spreads across MT4, MT5, and AvaTradeGO, a well-regulated option for traders seeking equity CFD exposure within an established multi-asset broker.
FXPro offers share CFDs on 100+ global stocks across MT4, MT5, cTrader, and its proprietary platform under FCA and CySEC regulation, a four-platform broker with straightforward equity CFD access for existing FXPro multi-asset traders.
FSCA is classified as a Tier 2 regulator. Regulated jurisdiction with established oversight, though with fewer investor protections than Tier 1.
We currently list 15 stock brokers regulated by FSCA. The full list is shown above, sorted by overall trader rating.
FSCA is based in South Africa and covers the South Africa jurisdiction. As a Tier 2 regulator, it provides meaningful oversight, though investors should also verify whether a broker holds an additional Tier 1 licence for added protection.
Visit the official FSCA website and use their public register or licence verification tool. Enter the broker's registered name or licence number to confirm its status. This is the most reliable way to check a broker's regulatory standing.
Compensation availability depends on the specific rules of FSCA in South Africa. Tier 1 regulators typically operate investor compensation schemes covering a portion of client funds. Check the regulator's official guidance for current limits and eligibility criteria.
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