Best FSCA-Regulated (South African) Brokers

Filtered to brokers that disclose a South African Financial Sector Conduct Authority (FSCA) licence alongside their primary regulator, ranked by overall score. See our FSCA regulation guide for why it imposes no leverage cap comparable to CySEC/FCA/ASIC, or our FSCA licence register for the full roster.

BrokerAvg. spreadPlatformsOverall score

01 ThinkMarkets CySEC No. 215/13 + FCA No. 629628 + FSA Seychelles No. SD060 · est. 2010 1.1 pips (EUR/USD) MT4, MT5, TradingView, Proprietary (ThinkTrader) 4.01 / 5 Read review Visit Broker

02 Exness CySEC No. 178/12 + FCA-licensed (FRN unconfirmed) + FSA Seychelles No. SD025 · est. 2008 0.2 pips (EUR/USD) MT4, MT5, Proprietary (Exness Terminal) 3.97 / 5 Read review Visit Broker

03 CFI EU-regulated (MiFID passporting) + FCA No. 828955 + FSA Seychelles No. SD107 · est. 1998 0.4 pips (EUR/USD) MT5, cTrader, TradingView, Proprietary (CFI Trading App) 3.88 / 5 Read review Visit Broker

04 HF Markets CySEC No. 183/12 + FCA No. 801701 + FSA Seychelles No. SD015 · est. 2010 1.2 pips (EUR/USD) MT4, MT5, Proprietary (HFM App) 3.73 / 5 Read review Visit Broker

05 FP Markets CySEC No. 371/18 + FSA Seychelles No. SD130 · est. 2005 1 pips (EUR/USD) MT4, MT5, cTrader, TradingView 3.59 / 5 Read review Visit Broker

06 Ultima Markets CySEC No. 426/23 + FCA No. 470325 · est. 2016 Not confirmed MT4, MT5, Proprietary (UM Terminal) 3.56 / 5 Read review Visit Broker

07 FXCM CySEC No. 392/20 + FCA No. 217689 · est. 1999 1.3 pips (EUR/USD) Trading Station (proprietary), MT4, ZuluTrade, NinjaTrader 3.54 / 5 Read review Visit Broker

08 Vantage Markets FCA No. 590299 + FSA Seychelles-licensed (licence number unconfirmed) · est. 2009 Not confirmed MT4, MT5, Proprietary (ProTrader) 3.54 / 5 Read review Visit Broker

09 Admirals CySEC No. 201/13 + FCA No. 595450 + FSA Seychelles No. SD073 · est. 2001 0.8 pips (EUR/USD) MT4, MT5, TradingView, Proprietary (Admirals Platform) 3.51 / 5 Read review Visit Broker

10 Capital.com CySEC No. 319/17 + FCA No. 793714 · est. 2016 0.6 pips (EUR/USD) Proprietary, MT4, TradingView 3.5 / 5 Read review Visit Broker

11 Plus500 CySEC No. 250/14 + FCA No. 509909 + FSA Seychelles No. SD039 · est. 2008 1.3 pips (EUR/USD) WebTrader (proprietary) 3.49 / 5 Read review Visit Broker

12 ATFX CySEC No. 285/15 + FCA-licensed (FRN unconfirmed) + FSA Seychelles No. SD093 · est. 2017 1.2 pips (EUR/USD) MT4, MT5 3.49 / 5 Read review Visit Broker

13 FxPro CySEC No. 078/07 + FCA No. 509956 + FSA Seychelles No. SD120 · est. 2006 1.44 pips (EUR/USD) MT4, MT5, cTrader 3.42 / 5 Read review Visit Broker

14 FXView CySEC No. 367/18 · est. 2018 0 pips (EUR/USD) MT5, ActTrader 3.4 / 5 Read review Visit Broker

15 XS Markets CySEC No. 412/22 + FSA Seychelles No. SD089 · est. 2010 Not confirmed MT4, MT5 3.35 / 5 Read review Visit Broker

Built from our disclosed nine-category methodology -- the same absolute rubric and the same scores shown on every individual review, filtered and sorted for this specific list rather than scored differently for it. See all best-broker lists.