CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.
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FSCA-Regulated Forex Brokers

Brokers in our database with an entity licensed by the FSCA, with licence numbers and our verification status.

These brokers have a legal entity licensed by the FSCA. A licence in the group only protects you if that entity is the one you open your account with, which is normally the case for residents of South Africa.

What to check before choosing

Open the broker’s review and find the FSCA row in the entity table. Look the licence number up on the official register and make sure the legal name and website match. If you live elsewhere, change the country at the top of the page to see which entity would serve you instead.

How this list is ranked: brokers must match the criteria above and hold at least one tier 1 or tier 2 licence. They are then ordered by Trust Score. Measured trading cost is not part of the ranking yet. Methodology.

BrokerTrust ScoreYour entity & regulatorMin. depositPlatforms
1 Plus500 Since 2008 · LSE: PLUS 62/99 FSA Seychelles #SD039 Plus500SEY Ltd $100 Own platform Review Visit Plus500Official site · we earn no commission here
2 AvaTrade Since 2006 50/99 BVI FSC #SIBA/L/13/1049 Ava Trade Markets Ltd $100 MetaTrader 4, MetaTrader 5, Own platform Review Visit AvaTradeOfficial site · we earn no commission here
3 Admirals Since 2001 48/99 FSA Seychelles #SD073 Admirals SC Ltd $100 MetaTrader 4, MetaTrader 5 Review Visit AdmiralsOfficial site · we earn no commission here
4 ThinkMarkets Since 2010 48/99 FSA Seychelles #SD060 TF Global Markets Int Limited $0 MetaTrader 4, MetaTrader 5, TradingView, Own platform Review Visit ThinkMarketsOfficial site · we earn no commission here
5 Vantage Since 2009 46/99 VFSC #700271 Vantage Global Limited $50 MetaTrader 4, MetaTrader 5, TradingView, Own platform Review Visit VantageOfficial site · we earn no commission here
6 Exness Since 2008 42/99 FSA Seychelles #SD025 Exness (SC) Ltd $10 MetaTrader 4, MetaTrader 5, Own platform Review Visit ExnessOfficial site · we earn no commission here
7 HFM Since 2010 42/99 FSA Seychelles #SD015 HF Markets (Seychelles) Ltd $0 MetaTrader 4, MetaTrader 5, Own platform Review Visit HFMOfficial site · we earn no commission here
8 FxPro Since 2006 40/99 SCB #SIA-F184 FxPro Global Markets Ltd $100 MetaTrader 4, MetaTrader 5, cTrader, Own platform Review Visit FxProOfficial site · we earn no commission here
9 Tickmill Since 2014 38/99 FSA Seychelles #SD008 Tickmill Ltd $100 MetaTrader 4, MetaTrader 5, TradingView Review Visit TickmillOfficial site · we earn no commission here
10 FP Markets Since 2005 30/99 SVG FSA FP Markets LLC $100 MetaTrader 4, MetaTrader 5, cTrader, TradingView Review Visit FP MarketsOfficial site · we earn no commission here
11 Octa Since 2011 16/99 Octa Markets Ltd $25 MetaTrader 4, MetaTrader 5, Own platform Review Visit OctaOfficial site · we earn no commission here

Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.

CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.