Top Fsb Brokers for 2021

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

Best Fsb Brokers Guide

Updated September 21, 2021

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've collected thousands of datapoints and written a guide to help you find the best Fsb Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best fsb brokers below.

Reputable Fsb Brokers Checklist

There are a number of important factors to consider when picking an online Fsb trading brokerage.

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

Our brokerage comparison table below allows you to compare the below features for brokers offering Fsb Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Fsb Brokers of 2021 compared

Here are the top Fsb Brokers.

Compare Fsb Brokers min deposits, regulation, headquarters, benefits, funding methods and fees 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 Markets.com IG ForexTime
Rating
Regulation Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) 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
Min Deposit 250 250 No minimum deposit 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 200,000+ 10,000+ 239,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • 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
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, Web Trader, Tablet & Mobile apps MT4, Mac, Web Trader, L2 Dealer, 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
Learn More Sign Up with
avatrade
Sign Up with
marketscom
Sign Up with
ig
Sign Up with
forextime
Risk Warning 72% of retail investor accounts lose money when trading CFDs with this provider 84% 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. 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.
Demo AvaTrade
Demo
Markets.com
Demo
IG
Demo
ForexTime
Demo
Excluded Countries BE, BR, KP, NZ, TR, US, CA, SG AU, RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR US, BE, FR, IN, IL, PL, ZW US, JP, CO


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 2021 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 : 250
AvaTrade was established in 2006 and is used by over 200000+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
Markets.com
(4/5)
Min deposit : 250
Markets.com was established in 2008 and is used by over 10000+ traders. 84% 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 and 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 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)
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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
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 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

Learn more Learn more about AvaTrade.
72% of retail investor accounts lose money when trading CFDs with this provider