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BlogBest FSCA Regulated Forex Brokers 2026
Compare the top forex brokers regulated by the Financial Sector Conduct Authority (South Africa). Verified licenses and deep liquidity.
Written by
Lisa Martinez
Fact Checked by
James Wilson
Why Choose FSCA Regulated Brokers?
The FSCA has rapidly become a favorite Tier-2 license for global brokers. It provides a highly respected regulatory framework but allows brokers to offer much higher leverage (up to 1:1000+) than European or Australian counterparts.
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What is the FSCA (Financial Sector Conduct Authority)?
Financial Sector Conduct Authority is the financial regulatory body in South Africa. It is considered a Tier 2 regulator, meaning it provides strong oversight and client protection.
Quick Picks
Trading Conditions
Compare deposits, leverage, and spreads across these regulated brokers.
| Broker | Action | ||
|---|---|---|---|
| Exness | $1 | 1:Unlimited | Open Account |
| AvaTrade | $100 | 1:400 (Pro) | 1:30 (Retail) | Open Account |
| FXTM | $10 | 1:2000 | Open Account |
| HFM | $0 | 1:2000 (Global) | 1:30 (EU) | Open Account |
| ThinkMarkets | $0 | 1:500 | Open Account |
| FxPro | $100 | 1:200 (Pro) | 1:30 (Retail) | Open Account |
| FXCM | $50 | 1:30 (EU/UK) | 1:400 (Global) | Open Account |
| Moneta Markets | $50 | 1:500 | Open Account |
Detailed Broker Analysis
FSCA-regulated low-cost traders, high-volume day traders & scalpers.
Founded in 2008 and headquartered in Cyprus, Exness is a highly rated broker offering 100+ forex pairs. They are regulated by FSCA providing strong client safety.
Pros
- Industry-leading withdrawal speed (instant/seconds)
- Exceptional transparency with public financial reports
- Massive liquidity - $4.5+ trillion monthly volume
- No inactivity, deposit, or withdrawal fees
Cons
- Not available to EU retail clients, US, UK, Canada, Australia
- Retail clients routed to offshore entities for leverage
- Customer support can be busy during peak times
- Limited stock CFD selection compared to competitors
FSCA-regulated bonus hunters, high leverage users & versatile traders.
Founded in 2010 and headquartered in Cyprus, HFM is a highly rated broker offering 50+ forex pairs. They are regulated by FSCA providing strong client safety.
Pros
- Strong multi-regulator oversight (FCA, CySEC, FSCA)
- Excellent account variety for all trader levels
- Outstanding local payment methods (Africa/Asia)
- Low minimum deposit ($0-$5 on most accounts)
Cons
- US clients not accepted
- Inactivity fee after 6 months ($5/month)
- Leverage caps apply in EU/UK jurisdictions
- Some features limited by regulatory entity
FSCA-regulated beginners, copy traders & options enthusiasts.
Founded in 2006 and headquartered in Dublin, Ireland, AvaTrade is a highly rated broker offering 55+ forex pairs. They are regulated by FSCA providing strong client safety.
Pros
- One of the most regulated brokers globally (9 licenses)
- Commission-free trading model
- Fixed spreads - predictable costs
- Unique AvaProtect risk management tool
Cons
- Fixed spreads are wider than ECN/Raw spread brokers
- Higher inactivity fee ($50/quarter after 3 months)
- No ECN or raw spread account option
- Cryptocurrency spreads can be high
FSCA-regulated african & asian traders & copy trading users.
Founded in 2011 and headquartered in Cyprus, FXTM is a highly rated broker offering 60+ forex pairs. They are regulated by FSCA providing strong client safety.
FSCA-regulated professional european traders & ctrader enthusiasts.
Founded in 2006 and headquartered in London, UK, FxPro is a highly rated broker offering 70+ forex pairs. They are regulated by FSCA providing strong client safety.
Pros
- NDD Execution
- Supports MT4, MT5, cTrader
- Reliable reputation
Cons
- Fees can be higher on standard accounts
- No crypto in UK
FSCA-regulated algorithmic traders & historical data enthusiasts.
Founded in 1999 and headquartered in London, UK, FXCM is a highly rated broker offering 40+ forex pairs. They are regulated by FSCA providing strong client safety.
Pros
- Highly regulated (FCA, ASIC)
- Excellent proprietary platform
- Great educational resources
Cons
- Smaller product range than some competitors
- Inactivity fees apply
FSCA-regulated mobile-first traders & those seeking a proprietary app.
Founded in 2010 and headquartered in Melbourne, Australia, ThinkMarkets is a highly rated broker offering 40+ forex pairs. They are regulated by FSCA providing strong client safety.
Pros
- Award-winning ThinkTrader mobile app
- Strong multi-regulatory oversight (8 regulators)
- $1M insurance protection beyond standard coverage
- Raw spreads from 0.0 pips on ThinkZero
Cons
- Standard account spreads average compared to competitors
- ThinkZero requires $500 minimum deposit
- Not publicly traded
- Limited cryptocurrency leverage (2:1 in regulated regions)
FSCA-regulated australian ecn traders & growing brand seekers.
Founded in 2020 and headquartered in Melbourne, Australia, Moneta Markets is a highly rated broker offering 45+ forex pairs. They are regulated by FSCA providing strong client safety.
Pros
- New FCA license adds trust
- Excellent mobile app
- Low commissions on ECN
Cons
- Newer brand
- Offshore entity for high leverage
Frequently Asked Questions
Top FSCA Regulated Forex Brokers
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January 2026