🥈 Tier 2
Financial Sector Conduct Authority (FSCA)
📍 South Africa
72
/100
Trust Score
FSCA is South Africa's market conduct regulator.
📋 Key Facts
| Full Name | Financial Sector Conduct Authority |
| Country | South Africa |
| Established | 2018 |
| Trust Tier | Tier 2 |
| Brokers Regulated | 0 |
📊 Requirements
| Minimum Capital | ZAR 1,000,000 |
| Compensation Scheme | None |
| Retail Leverage | No limit |
| Pro Leverage | No limit |
| Segregated Funds | ✓ Required |
| Negative Balance Protection | ✗ No |
✅ Advantages
- African market access
- No leverage restrictions
⚠️ Considerations
- No compensation scheme
- Younger regulator
🔑 Key Features of FSCA Regulation
ODP licensing required
Conduct standards
🔗 Other Tier 2 Regulators
✅ How to Verify a FSCA License
1
Get the License Number
Find the broker's FSCA license number on their website (usually in the footer).
2
Visit the Official Register
Go directly to FSCA's official register. Never use links provided by the broker.
3
Search & Verify
Search by company name or license number. Confirm the license is active and covers forex/CFD services.
4
Check for Clone Firms
Verify the website URL matches exactly what's on the official register. Scammers copy legitimate broker details.