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
- 2
- 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
Start here
Which broker is right for you?
I want the strongest local protection
Lead with brokers holding their own FSCA ODP licence — authorised to write CFDs onshore as principal.
What is an ODP licence? →I want to verify a broker myself
We only list brokers with an FSCA FSP number you can check on the official register.
Compare FSP & ODP →I want to fund in Rand (ZAR)
Which brokers offer native ZAR accounts, plus FICA/KYC and SARB exchange-control basics.
Funding in ZAR →Compare
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 Every licence number below is pending a live FSCA-register confirm, and we do not publish ratings, spreads or minimum deposits until a hands-on review.
Editor's pickFSCAFCACySEC
Exness
Est.2008 · Exness Partners
Why it's our #1
Exness is our top pick for South African traders: founded in 2008, it holds a confirmed FSCA licence (FSP 51024, Exness ZA (Pty) Ltd) and, since July 2024, an FSCA Over-the-Counter Derivative Provider (ODP) authorisation via Exness (SC) Ltd — one of only two brokers on our shortlist authorised to write CFDs onshore as principal, not just as an intermediary. It also offers native ZAR accounts and genuine swap-free accounts across MT4, MT5 and its own Exness Terminal/App. Always confirm the FSP number on the live FSCA register before depositing.
- Platforms:
- MT4 · MT5 · Exness Terminal
Quick picks
| Broker | FSCA licence | Own ODP | ZAR account | Actions |
|---|---|---|---|---|
| Exness Est. 2008 | FSP 51024 unverified | ODP | Yes | |
| Scope Markets SA Est. 2016 | FSP 47025 unverified | ODP ODP64 | Check | |
| XM Est. 2009 | FSP 49976 unverified | No own ODP | Yes | |
| Tickmill Est. 2014 | FSP 49464 unverified | No own ODP | Yes | |
| IG South Africa Est. 2010 | FSP 41393 unverified | No own ODP | No | |
| Plus500 Est. 2008 | FSP 47546 unverified | No own ODP | Yes | |
| FP Markets Est. 2005 | FSP 50926 unverified | No own ODP | No | |
| Trive South Africa Est. 2005 | FSP 27231 unverified | No own ODP | Check | |
| AvaTrade Est. 2006 | FSP 45984 unverified | No own ODP | Check | |
| HFM Est. 2010 | FSP 46632 unverified | No own ODP | Check | |
| FBS Est. 2009 | FSP 50885 unverified | No own ODP | No |
Scope Markets SA Est. 2016
ODP ODP64 - FSCA licence
- FSP 47025 unverified
- ZAR account
- Check
Trive South Africa Est. 2005
- FSCA licence
- FSP 27231 unverified
- ZAR account
- Check
Reviews
Featured brokers
Exness
FSCA ODP Est. 2008 · Exness Partners
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
FSCA ODP Est. 2016 · Scope Markets Partners
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
XM
FSCA FSP Est. 2009 · XM Partners
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
FSCA FSP Est. 2014 · Tickmill Partners (IB)
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
IG South Africa
FSCA FSP Est. 2010 · IG Partners
FSP 41393 · unverified — pending live FSCA register confirm
FCAUnited Kingdom FSCA (pending)
Part of the LSE-listed IG Group (founded 1974); IG Markets South Africa (FSP 41393) had its FSCA FSP lapsed and is exiting the onshore South African market. New clients are onboarded via offshore/international entities — IG no longer operates as an onshore FSCA-regulated broker.
Note: IG's FSCA FSP 41393 is lapsed and IG is exiting onshore South Africa. New clients are onboarded via offshore/international entities; local FSCA protections (dispute resolution, onshore oversight) do not apply. Verify current onboarding and entity before relying on any South Africa-specific licence claim.
Platforms: IG Platform · MT4 · ProRealTime · L2 Dealer
Plus500
FSCA FSP Est. 2008 · Plus500 Affiliates
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
South Africa