Top Fsb Brokers for 2024

We found 5 online brokers that are appropriate for Trading Fsb.

Best Fsb Brokers Guide

Analysis by Andrew Blumer, Updated Last updated - May 18, 2024

FSB Brokers

FSB brokers are regulated by the Financial Services Conduct Authority (FSCA) in South Africa.

The FSCA was earlier known as the Financial Service Board (FSB). It is an independent institution based in Johannesburg and regulates non-banking segments of the country.

The banking sector is regulated by the Reserve Bank of South Africa.

FSB/FSCA Overview

FSB/FSCA oversees below non-banking financial services:

FSB/FSCA Functions

There are a wide array of FSB/FSCA functions that help in protecting investors.

FSB/FSCA and Protection of Investors

The FSB/FSCA plays an important role in the protection of investors in South Africa and below are the four core mandates.

The regulatory authority registers financial service providers like FSB brokers following proper requirement is met.

The agency supervises service providers so that they abide by the related laws.

The authority takes required regulatory actions against the FSB brokers and other entities if laws are not followed properly.

The FAIS division and the FSCA Enforcement Committee oversee the proper implementation of the functions.

Mandates and Consumer Protection

Registration

The first step necessary to operate in South Africa is a registration and licensing. Companies are asked to apply through the e-portal of the FAIS.

Compliance

A process of payment need to be fulfilled before a new license is approved and granted.

Supervision

FSCA asks all the license holding companies to submit compliance reports and audits of their financial statements periodically. A penalty is levied if it is not followed.

Compliance

If the regulatory requirements are not fulfilled the FSCA has the authority to withdraw licenses.

Before withdrawing the licenses the cases are reviewed and proper reasons are to be spotted to suspend operations of the companies.

Requirements to obtain a license

All FSB brokers need to meet the below-mentioned requirements to obtain service providing license from the board:

Examinations

Financial service providers are of all financial categories are required to have related experience levels and have passed graded tests.

Long term insurance requires at least 6 months of experience and short-term personal insurance industry professionals need more than one year of experience.

The qualification requirements of management level representatives require a higher degree of experience and regulatory examination compared to regular staff.

All the FSB brokers, advisors, representatives and other intermediaries are required to appear for a regulatory examination and need to achieve a minimum standard of competency.

The examinations are administered by the FSCA and it is a part of the Advisory and Intermediary Services Act, 37 of 2002.

The exams are administered in Afrikaans and English. These are rated RE1 and RE5.

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 2024 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 ovalx ForexTime Markets.com
Rating
Regulation Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911 Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), BVI Financial Services Commission (BVI FSC)
Min Deposit 100 No minimum deposit 100 100 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 300,000+ 239,000+ 10,000+ 10,000+ 4,000,000+
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 hedging
  • Low min deposit
  • Guaranteed stop loss
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • 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
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
Platforms Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps
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
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
avatrade
Sign Up with
ig
Sign Up with
ovalx
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. Losses can exceed deposits 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
Ovalx
Demo
ForexTime
Demo
Markets.com
Demo
Excluded Countries BE, BR, KP, NZ, TR, US, CA, SG US, BE, FR, IN, IL, PL, ZW US, BE, CA , SG, BE 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 2024 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 300000+ 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

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

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), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland
IG
(2/5)
Min deposit : 0
IG was established in 1974 and is used by over 239000+ 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, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
ovalx
(3/5)
Min deposit : 100
Ovalx was established in 2002 and is used by over 10000+ traders. Losses can exceed deposits Ovalx offers Forex, CFDs, Spread Betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
ForexTime
(2/5)
Min deposit : 100
ForexTime was established in 2011 and is used by over 10000+ 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, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC) with CIF license number 185/12, licensed by the Financial Sector Conduct Authority (FSCA) of South Africa with FSP No. 46614, Financial Conduct Authority (FCA) of the UK with number 600475 as Exinity Limited (www.forextime.com), Financial Services Commission of the Republic of Mauritius (FSC) with an Investment Dealer License bearing license number C113012295, Forextime UK Limited (www.forextime.com/uk) is authorised and regulated by the Financial Conduct Authority firm reference number 777911
Markets.com
(3/5)
Min deposit : 100
Markets.com was established in 2008 and is used by over 4000000+ 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 Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), BVI Financial Services Commission (BVI FSC)

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