Top Fsb Brokers for 2025

We found 4 online brokers that are appropriate for Trading Fsb.

Best Fsb Brokers Guide

Analysis by Andrew Blumer, Updated Last updated - November 22, 2024

FSB Brokers

The Financial Services Conduct Authority (FSCA), previously known as the Financial Service Board (FSB), is a pivotal regulatory body in South Africa responsible for overseeing the non-banking financial sector. Based in Johannesburg, the FSCA ensures the integrity and stability of financial markets through comprehensive regulation and supervision. Its mandate covers a broad range of financial services, including capital and derivative markets, insurance, and collective investment schemes.

By setting stringent standards and enforcing compliance, the FSCA plays a critical role in protecting investors and maintaining trust in the financial system.

FSB/FSCA Overview

FSB/FSCA regulates the following non-banking financial services:

FSB/FSCA and Investor Protection

The Financial Services Conduct Authority (FSCA) plays a crucial role in safeguarding investors in South Africa through several key functions:

Registration and Licensing

The licensing process for FSB brokers under the FSCA involves several critical steps to ensure that only qualified and compliant financial service providers operate in South Africa. To obtain a license, brokers must submit detailed applications through the FAIS e-portal, demonstrating their adherence to specific requirements such as relevant experience, qualifications, and successful completion of regulatory examinations. This process includes verifying the broker's professional background, financial stability, and adherence to ethical standards.

FSB licenses

Compliance and Supervision

Once licensed, brokers must maintain compliance by regularly submitting financial reports and adhering to ongoing regulatory obligations. The FSCA monitors these compliance measures and can withdraw licenses if a broker fails to meet regulatory standards or engage in non-compliant behavior. This stringent licensing process ensures that only well-qualified and responsible brokers can provide financial services, thereby enhancing investor protection and market integrity.

Enforcement

The FSCA's enforcement function is vital for maintaining the integrity and credibility of the financial sector. The authority has the power to take decisive action against financial service providers, including FSB brokers, who fail to comply with regulatory standards. Enforcement measures can range from imposing financial penalties to suspending or revoking licenses. The FSCA follows a structured review process before taking such actions, ensuring that any enforcement decisions are fair and based on a thorough investigation of non-compliance issues. This process involves a detailed examination of the broker's practices and a consideration of any mitigating factors.

Additionally, the FSCA's enforcement activities are overseen by specialized bodies, including the FAIS division and the FSCA Enforcement Committee, which provide an extra layer of scrutiny and ensure that enforcement actions are consistent with regulatory goals and principles.

This rigorous enforcement framework helps deter misconduct, uphold regulatory standards, and protect investors from potential risks in the financial market.

Requirements for Obtaining a License

FSB brokers must meet the following criteria to obtain a license:

Examinations

To qualify as an FSB broker, candidates must successfully complete regulatory examinations administered by the FSCA under the Advisory and Intermediary Services Act, 37 of 2002. These examinations are offered in Afrikaans and English and include RE1 (Key Individuals) and RE5 (Representatives), assessing essential knowledge for compliance and professional conduct. Here's a step-by-step guide to the examination process:

FSB examination

The FSCA's rigorous examination process ensures that all financial service providers possess the necessary expertise to operate competently and ethically in the financial sector.

Benefits of Using an FSB-Regulated Broker

Choosing an FSB-regulated broker offers significant advantages for investors seeking security and reliability in the financial markets. Firstly, brokers regulated by the Financial Services Conduct Authority (FSCA) are subject to rigorous registration and compliance processes, ensuring they meet high standards of professionalism and ethical conduct. This regulatory oversight includes regular monitoring and enforcement actions to address any non-compliance, which helps protect investors from fraud and malpractice.

Additionally, FSB-regulated brokers must pass stringent examinations and maintain up-to-date knowledge of market regulations, providing investors with a higher level of expertise and trustworthiness. The FSCA's robust framework for supervision and enforcement further enhances investor confidence by ensuring that brokers adhere to strict guidelines and regulatory requirements, ultimately contributing to a more transparent and stable financial environment.

Verifying an FSB Broker

Verdict on FSB Brokers

The FSCA plays a pivotal role in regulating the non-banking financial sector in South Africa, ensuring the integrity and reliability of financial services provided by FSB brokers. By overseeing capital and derivative markets, insurance segments, and various financial advisors and companies, the FSCA fosters a stable and transparent financial environment. Its rigorous processes for registration, compliance, and enforcement underscore its commitment to investor protection.

The FSCA's comprehensive approach, including mandatory regulatory examinations and strict compliance requirements, helps maintain high standards within the financial services industry. While these regulations may impose challenges on brokers and financial service providers, they ultimately serve to enhance trust and safeguard the interests of investors. Overall, the FSCA's role is crucial in upholding the financial system's integrity and ensuring that all market participants adhere to established standards and practices.

We have conducted extensive research and analysis on over multiple data points on Fsb Brokers to present you with a comprehensive guide that can help you find the most suitable Fsb Brokers. Below we shortlist what we think are the best fsb brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Fsb Brokers.

Reputable Fsb Brokers Checklist

Selecting a reliable and reputable online Fsb trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Fsb more confidently.

Selecting the right online Fsb trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of Fsb Brokers in Our Brokerage Comparison Table

When choosing a broker for fsb trading, it's essential to compare the different options available to you. Our fsb brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a fsb broker that best suits your needs and preferences for fsb. Our fsb broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Fsb Brokers of 2025 compared

Here are the top Fsb Brokers.

Compare fsb brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a fsb broker, it's crucial to compare several factors to choose the right one for your fsb needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are fsb brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more fsb brokers that accept fsb clients.

Broker AvaTrade IG ForexTime Markets.com
Rating
Regulation Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) FCA (Financial Conduct Authority) (195355) IG Markets Limited, BaFin (German Federal Financial Supervisory Authority), CySEC (Cyprus Securities and Exchange Commission), FINMA (Swiss Financial Market Supervisory Authority), DFSA (Dubai Financial Services Authority), FSCA (Financial Sector Conduct Authority, South Africa), MAS (Monetary Authority of Singapore), JFSA (Japanese Financial Services Agency), ASIC (Australian Securities and Investments Commission), FMA (Financial Markets Authority, New Zealand), CFTC (Commodities Futures Trading Commission), BMA (Bermuda Monetary Authority) CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320) CySEC (Cyprus Securities and Exchange Commission) (092/08), FCA (Financial Conduct Authority) (481853), FSC (B.V.I Financial Services Commission) (SIBA/L/14/1067), ASIC (Australian Securities and Investments Commission) (424008), FSCA (Financial Sector Conduct Authority) (46860)
Min Deposit 100 No minimum deposit 500 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 400,000+ 313,000+ 1,000,000+ 4,700,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
Platforms MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) MT4, ProRealTime, L2 Dealer, Mobile Trading APIs, Web Platform, Mobile Trading, Apple App iOS, Android Google Play MT4, MT5, Apple App iOS, Android Google Play MT4, MT5, Web Platform, Apple App iOS, Android Google Play, TradingView, Social Trading
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
avatrade
Sign Up with
ig
Sign Up with
forextime
Sign Up with
marketscom
Risk Warning 71% of retail investor accounts lose money when trading CFDs with this provider Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Demo AvaTrade
Demo
IG
Demo
ForexTime
Demo
Markets.com
Demo
Excluded Countries BE, BR, KP, NZ, TR, US, CA, SG US, BE, FR, IN, IL, PL, ZW US, JP, CO RU, BR, CH, SG, JP, US, CA, BE, IL, TR, NZ, SY, IR, IQ, HK, PR, CN


All Fsb brokers in more detail

You can compare Fsb Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Fsb Brokers for 2025 article further below. You can see it now by clicking here

We have listed top Fsb brokers below.

Fsb Brokers List

AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 400000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA)
IG
(2/5)
Min deposit : 0
IG was established in 1974 and is used by over 313000+ traders. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. IG offers Forex, CFDs, Spread Betting, Share dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, ProRealTime, L2 Dealer, Mobile Trading APIs, Web Platform, Mobile Trading, Apple App iOS, Android Google Play

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) (195355) IG Markets Limited, BaFin (German Federal Financial Supervisory Authority), CySEC (Cyprus Securities and Exchange Commission), FINMA (Swiss Financial Market Supervisory Authority), DFSA (Dubai Financial Services Authority), FSCA (Financial Sector Conduct Authority, South Africa), MAS (Monetary Authority of Singapore), JFSA (Japanese Financial Services Agency), ASIC (Australian Securities and Investments Commission), FMA (Financial Markets Authority, New Zealand), CFTC (Commodities Futures Trading Commission), BMA (Bermuda Monetary Authority)
ForexTime
(2/5)
Min deposit : 500
ForexTime was established in 2011 and is used by over 1000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. ForexTime offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Apple App iOS, Android Google Play

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by CMA (Capital Markets Authority of the Republic of Kenya) (135), FCA (Financial Conduct Authority) (777911), FSC (Financial Services Commission of the Republic of Mauritius) (C113012295), FSCA (Financial Sector Conduct Authority of South Africa) (FSP No. 50320)
Markets.com
(3/5)
Min deposit : 100
Markets.com was established in 2008 and is used by over 4700000+ traders. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Markets.com offers Forex, CFDs, Spread Bets (Spread Bets are only available to UK customers).

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Platform, Apple App iOS, Android Google Play, TradingView, Social Trading

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by CySEC (Cyprus Securities and Exchange Commission) (092/08), FCA (Financial Conduct Authority) (481853), FSC (B.V.I Financial Services Commission) (SIBA/L/14/1067), ASIC (Australian Securities and Investments Commission) (424008), FSCA (Financial Sector Conduct Authority) (46860)

Learn more Learn more about AvaTrade.
71% of retail investor accounts lose money when trading CFDs with this provider
TRADE NOW Try AvaTrade today
71% of retail investor accounts lose money when trading CFDs with this provider