Financial Sector Conduct Authority
Major regulatorSouth Africa · FSCA
A genuine conduct regulator with a licensing regime for derivative providers, though without the leverage caps or compensation scheme found in the UK, EU and Australia.
Compensation if the firm fails
We have not established whether a compensation scheme applies. Absence of a record here is not evidence there is none — check the authority directly.
Negative balance protection
Not established. Plan on the assumption that you can owe the broker money, and confirm with the authority.
Brokers that name FSCA
Naming a regulator is not the same as your account being covered by it. Confirm the entity.