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The Financial Sector Conduct Authority (FSCA) is the market conduct regulator of financial institutions, that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures. The FSCA is responsible for market conduct regulation and supervision. FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions, as well as providing financial customers with financial education. The FSCA will further assist in maintaining financial stability.

FSCA

Regulated
AvaTrade
15-20 years
Regulated in Australia
Regulated in Japan
Regulated in United Arab Emirates
Regulated in Ireland
Regulated in South Africa
Market Making(MM)
Retail Forex License
MT4 Full License
MT5 Full License
Self-developed
Global Business
9.49
Score
Regulated
EC Markets
10-15 years
Regulated in Australia
Regulated in New Zealand
Regulated in United Kingdom
Regulated in Seychelles
Regulated in South Africa
Market Making(MM)
Straight Through Processing(STP)
Retail Forex License
Financial Service
MT4 Full License
MT5 Full License
9.12
Score
Regulated
Trive
10-15 years
Regulated in Australia
Regulated in Malta
Regulated in South Africa
Regulated in The Virgin Islands
Market Making(MM)
Retail Forex License
MT4 Full License
MT5 Full License
Global Business
Medium potential risk
Offshore Regulated
9.02
Score
Regulated
CPT Markets
10-15 years
Regulated in United Kingdom
Regulated in South Africa
Market Making(MM)
Financial Service
MT4 Full License
MT5 Full License
8.63
Score
Regulated
VT Markets
5-10 years
Regulated in South Africa
Regulated in Australia
Market Making(MM)
Retail Forex License
Investment Advisory License
MT4 Full License
MT5 Full License
Self-developed
Global Business
8.52
Score
Regulated
Exness
10-15 years
Regulated in Cyprus
Regulated in United Kingdom
Regulated in South Africa
Regulated in Seychelles
Market Making(MM)
Institution Forex License
Retail Forex License
MT4 Full License
MT5 Full License
Global Business
8.30
Score
Regulated
IUX
5-10 years
Regulated in Australia
Regulated in South Africa
Straight Through Processing(STP)
Financial Service
MT5 Full License
Global Business
7.76
Score
Regulated
Tickmill
5-10 years
Regulated in United Kingdom
Regulated in Cyprus
Regulated in South Africa
Market Making(MM)
Retail Forex License
MT4 Full License
MT5 Full License
Global Business
High potential risk
7.74
Score
Regulated
DBG Markets
5-10 years
Regulated in Australia
Regulated in South Africa
Market Making(MM)
Retail Forex License
MT4 Full License
MT5 Full License
Global Business
High potential risk
7.49
Score
Regulated
Klips
5-10 years
Regulated in Cyprus
Regulated in South Africa
Market Making(MM)
Retail Forex License
Suspicious Scope of Business
Medium potential risk
7.27
Score
Regulated
FXGT.com
5-10 years
Regulated in Cyprus
Regulated in Seychelles
Regulated in South Africa
Regulated in Vanuatu
Market Making(MM)
Financial Service
Retail Forex License
MT4 Full License
MT5 Full License
Global Business
High potential risk
Offshore Regulated
6.74
Score
Regulated
EPFX
1-2 years
Regulated in South Africa
Regulated in Australia
Retail Forex License
Appointed Representative(AR)
MT5 Full License
cTrader
Regional Brokers
Australia Appointed Representative(AR) Revoked
Medium potential risk
6.60
Score
Regulated
Make Capital
5-10 years
Regulated in Australia
Regulated in South Africa
Appointed Representative(AR)
Financial Service
MT4 Full License
MT5 Full License
Regional Brokers
6.48
Score
Regulated
Evest
2-5 years
Regulated in South Africa
Regulated in Vanuatu
Retail Forex License
MT5 Full License
Medium potential risk
Offshore Regulated
6.47
Score
Regulated
Velocity Trade
15-20 years
Regulated in United Kingdom
Regulated in Australia
Regulated in South Africa
Regulated in New Zealand
Institution Forex License
Retail Forex License
Financial Service Corporate
Suspicious Scope of Business
Suspicious Overrun
High potential risk
6.43
Score
Regulated
Naqdi
2-5 years
Regulated in South Africa
Retail Forex License
MT5 Full License
Global Business
6.21
Score
Regulated
PGM
10-15 years
Regulated in Australia
Regulated in South Africa
Institution Forex License (STP)
Retail Forex License
MT4 Full License
Regional Brokers
High potential risk
6.11
Score
Regulated
Mabicon
2-5 years
Regulated in South Africa
Financial Service
MT5 Full License
Regional Brokers
5.31
Score
Regulated
SOOLIKE
1-2 years
Regulated in South Africa
Financial Service
MT5 Full License
Regional Brokers
Medium potential risk
5.14
Score