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FSCA-licensed · FSP & ODP checked

The best FSCA-regulated forex brokers in South Africa

Independent, licence-checked broker reviews for South African traders. We lead with the brokers that hold a real FSCA FSP — and flag which also hold an ODP licence to write CFDs onshore. We compare and inform; we are not a broker and we do not give financial advice.

11
FSCA-licensed brokers
3
with their own ODP licence
1
market — South Africa
  • Independent Brokers can't pay for ranking
  • FSCA licence-checked FSP & ODP status verified on the register
  • No advice, just facts We compare and inform — never advise

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FSCA-regulated forex brokers at a glance

Independently selected and licence-checked. The headline axis is FSCA FSP vs ODP — not star ratings. Every licence number below is pending a live FSCA-register confirm, and we do not publish ratings, spreads or minimum deposits until a hands-on review.

Exness Est. 2008
ODP
FSCA licence
FSP 51024 unverified
ZAR account
Yes
Scope Markets SA Est. 2016
ODP ODP64
FSCA licence
FSP 47025 unverified
ZAR account
Check
IG South Africa Est. 2010
ODP
FSCA licence
FSP 41393 unverified
ZAR account
No
XM Est. 2009
FSCA licence
FSP 49976 unverified
ZAR account
Yes
Tickmill Est. 2014
FSCA licence
FSP 49464 unverified
ZAR account
Yes
Plus500 Est. 2008
FSCA licence
FSP 47546 unverified
ZAR account
Yes
FP Markets Est. 2005
FSCA licence
FSP 50926 unverified
ZAR account
No
Trive South Africa Est. 2005
FSCA licence
FSP 27231 unverified
ZAR account
Check
AvaTrade Est. 2006
FSCA licence
FSP 45984 unverified
ZAR account
Check
HFM Est. 2010
FSCA licence
FSP 46632 unverified
ZAR account
Check
FBS Est. 2009
FSCA licence
FSP 50885 unverified
ZAR account
No

Reviews

Featured brokers

Exness

Est. 2008 · Exness Partners

FSCA ODP

FSP 51024 · ODP licensed · unverified — pending live FSCA register confirm

FSCASouth AfricaFCAUnited KingdomCySECCyprusFSASeychelles

Founded in 2008, Exness holds an FSCA licence (FSP 51024, Vlerizo (Pty) Ltd) and, since July 2024, an FSCA Over-the-Counter Derivative Provider (ODP) authorisation — one of the strongest local regulatory postures of the major brokers. Offers native ZAR accounts and swap-free accounts.

Platforms: MT4 · MT5 · Exness Terminal · Exness App · ZAR accounts

Scope Markets SA

Est. 2016 · Scope Markets Partners

FSCA ODP

FSP 47025 · ODP ODP64 · unverified — pending live FSCA register confirm

FSCASouth Africa

A locally-rooted South African broker authorised by the FSCA as a financial services provider (FSP 47025) and as a licensed OTC Derivative Provider (ODP64) — the cleanest own-ODP credential of the shortlist, meaning it is authorised to write CFDs onshore as principal.

Platforms: MT4 · MT5

IG South Africa

Est. 2010 · IG Partners

FSCA ODP

FSP 41393 · ODP licensed · unverified — pending live FSCA register confirm

FSCASouth AfricaFCAUnited Kingdom

Part of the LSE-listed IG Group (founded 1974); IG Markets South Africa (FSP 41393) was established in 2010 and holds an FSCA ODP licence (granted after an initial refusal and appeal). A long-established, tier-one global name.

Note: IG closed its onshore ZAR-denominated South African accounts in 2026 and now onboards new clients via offshore/international entities — verify current onboarding before relying on the local-ZAR angle.

Platforms: IG Platform · MT4 · ProRealTime · L2 Dealer

XM

Est. 2009 · XM Partners

FSCA FSP

FSP 49976 · unverified — pending live FSCA register confirm

FSCASouth AfricaCySECCyprusASICAustraliaDFSADubai (DIFC)

Established in 2009, XM holds an FSCA intermediary licence (FSP 49976, XM ZA (Pty) Ltd) and offers ZAR base-currency and swap-free accounts. Widely used and multi-regulated (CySEC/ASIC/DFSA).

Note: XM's FSCA licence is an intermediary authorisation, not an ODP — execution for South African clients runs through XM's offshore entities.

Platforms: MT4 · MT5 · XM App · ZAR accounts

Tickmill

Est. 2014 · Tickmill Partners (IB)

FSCA FSP

FSP 49464 · unverified — pending live FSCA register confirm

FSCASouth AfricaFCAUnited KingdomCySECCyprus

Tickmill holds an FSCA licence via Tickmill South Africa (Pty) Ltd (FSP 49464) and accepts ZAR deposits. Known for low-cost ECN-style pricing.

Note: Secondary sources describe Tickmill SA as an FSCA-approved ODP, but this is unconfirmed on the live register — do not publish the ODP claim without confirmation.

Platforms: MT4 · MT5 · ZAR accounts

Plus500

Est. 2008 · Plus500 Affiliates

FSCA FSP

FSP 47546 · unverified — pending live FSCA register confirm

FSCASouth AfricaASICAustraliaFCAUnited Kingdom

Plus500 is a large LSE-listed (FTSE 250) CFD provider holding an FSCA licence (FSP 47546) and offering ZAR-denominated accounts.

Note: Plus500 holds an FSCA FSP but is reported as still awaiting its ODP licence — South African clients are served via its ASIC-regulated entity (Plus500AU), so CFDs are issued offshore.

Platforms: Plus500 Platform · ZAR accounts

See all 11 broker reviews →

South Africa

The South African regulatory picture

Best FSCA-regulated forex brokers in South Africa FSCA · FAIS · ODP · FICA · SARB · SARS — the full local picture