FSCA Forex Brokers

HotForex-Best Forex Broker

Top Forex Brokers

In this article we provide you with the list of the best FSCA regulated forex brokers. Financial Sector Conduct Authority (FSCA) is the main financial market regulatory agency on South Africa’s forex market formerly known as FSB.

How to choose FSCA regulated forex brokers

Before you start trading forex with your hard earned cash, you must answer yourself few important questions:

  • What is your past experience with currency trading ? If you are a PRO trader you probably already know the best fx strategies that work well for you, and based on that you chose the best platform and most likely you trade with CMTRADING or similar FSCA regulated MT4 broker. But if you are a newbie, you are likely to become a victim of snake oil salesmen. Although the scam is not happening with FSCA registered forex brokers often, you should never sign up with unknown company without license! There is simply no reason to do such a stupid thing.
  • How much money are you going to deposit ? Did you know that you can safely play with forex demo account without any stress and risk involved? Always choose a platform that is offering you a  practice demo account without time limit.
  • Which currency pairs do you want to trade? If you plan to trade Rand against USD or GBP or EUR then we must tell you NOT all forex brokerages will allow you to do that because Rand belongs to exotic currencies and therefore there is less demand from traders around the world.  Luckily, we were able to choose some, that have no problem to trade south african rand and other 45 currency pairs!
  • Do you want to trade other assets besides forex pairs? – nowadays many want to trade cryptocurrencies or even stocks and choose the cheapest share trading platform in South Africa.
  • Do you require Metatrader broker? –  in case your trading strategies require you to use MT4, we have listed some of the best fx platforms that allow you to trade on Metatrader4 (MT4).

RISK Warning:Trading in foreign exchanges carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of some or all of your deposited funds; therefore, you should not speculate with capital that you cannot afford to lose. Please ensure that you understand the risks involved and seek independent financial and legal advice if necessary. The information on this website is not directed towards residents of countries where FX trading is restricted or prohibited by local laws or regulations.