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Licence record
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Bancara FSCA licence 51687

Wikilix check
Limited
Issuing authority
Financial Sector Conduct Authority
Jurisdiction
South Africa
Last checked
Oct 21, 2026

This is Wikilix's record of a licence issued by Financial Sector Conduct Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Nov 4, 2026

Licence Verification Record

Financial Sector Conduct Authority 51687

Wikilix read the FSCA register on Oct 21, 2026. This is what it said.

Holder
Bancara LTD logoBancara LTD
Issuing authority
Financial Sector Conduct Authority logoFinancial Sector Conduct Authority
Name on the register
MAGAUTA CAPITAL (PTY) LTD
Jurisdiction
South Africa flagSouth Africa
Effective
Aug 11, 2021
Register status
active
Permissions
CATEGORY I · Long-Term Insurance subcategory A · Short-Term Insurance Personal Lines · Long-Term Insurance subcategory B1 · Long-term insurance subcategory B2 · Long-term Insurance subcategory B2-A · Long-term Insurance subcategory B1-A · Short-term Insurance Personal Lines A1 · Long-Term Insurance subcategory C · Retail Pension Benefits · Short-Term Insurance Commercial Lines · Pension Funds Benefits · Shares · Money market instruments · Derivative instruments · Participatory interests in a collective investment scheme · Friendly Society Benefits

Checked Oct 21, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/bancara/licenses/financial-sector-conduct-authority/51687Fields on file 10 / 11

Open BancaraAll Bancara licencesAbout FSCA
Our check
Checked

What we checked

This authorisation is in force but limited — it does not carry the same protections as a full trading licence.

Wikilix check
Limited
Authority strength
Tier 2
Jurisdiction
South Africa
Last checked
Oct 21, 2026
Register says
active

Finding

A South African Category I advice and intermediary licence, mostly insurance products, with derivatives only as adviser and intermediary. It is held by Magauta Capital (Pty) Ltd, a different company, and does not authorise running a trading platform or holding client trading funds. Client protection: None for Bancara. The licence belongs to another company and is an advice/intermediary authorisation, not a dealer licence. Effective: 11 Aug 2021.

Exhibit

Register screenshot, captured Oct 21, 2026

Verification note

Confirmed on the FSCA register as MAGAUTA CAPITAL (PTY) LTD (FAIS Financial Services Provider (Category I)). Licence number: the register's FSP No 51687 equals the stored FSCA licence number 51687 (licence #5050). Corporate entity exact name plus jurisdiction: the register's FSP Name 'MAGAUTA CAPITAL (PTY) LTD' matches the corporates[] entry 'MAGAUTA CAPITAL (PTY) LTD' (country South Africa) character for character, on South Africa's own register. The register records the licence as effective from 11 August 2021.

In detail
Updated

About this FSCA licence

What this authorisation is, what it establishes, and what it leaves open.

The Financial Sector Conduct Authority (FSCA) authorisation that Bancara advertises is held not by the brand but by a separate company. South Africa's FSCA register lists MAGAUTA CAPITAL (PTY) LTD as financial services provider (FSP) 51687. As at this check on 21 October 2026 it showed that FSP as Authorized, with 11 August 2021 as its date of authorisation.

The FSCA is the market-conduct regulator for South Africa's financial sector, and its register identifies each authorised provider by an FSP number. The entry's Products Approved section places this FSP in Category I. It lists insurance and pension lines, friendly society benefits, shares, money market instruments, derivative instruments and participatory interests in a collective investment scheme. Each is marked for non-automated advice and other intermediary services, and none for automated advice or scripted intermediary services.

The entry records an authorisation and its scope, not the firm's solvency or conduct, and the FSCA's notice on the register disclaims any warranty as to correctness. The authorisation belongs to Magauta Capital (Pty) Ltd, a South African private company recorded as one of the broker's corporate entities. The register prints no trading name or website for it and does not mention Bancara, so the entry does not automatically extend to every site the brand runs.

In this check the details page printed FSP Type 'Company - Private', Registration Number 2021/463401/07 and Date Authorised 11/08/2021, written day first. Contact Information gave a physical address at 1 Hood Avenue, Rosebank, Johannesburg, Gauteng 2196 and left the telephone field blank. No expiry date is printed, so the status word is what shows whether the authorisation remains current.

To check it independently, search the FSCA's FSP register at www2.fsca.co.za for number 51687, read the Status column on the results row, then open Details for the date and products. A status other than Authorized, or a different company name against the number, would change this answer.

Written from what the issuing authority's own register published when we last read it. It describes a record, not the firm's conduct, and it is not advice.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
51687
Issued to
MAGAUTA CAPITAL (PTY) LTD
Register status
active
Effective from
Expires
No expiry shown
Permissions
CATEGORY ILong-Term Insurance subcategory AShort-Term Insurance Personal LinesLong-Term Insurance subcategory B1Long-term insurance subcategory B2Long-term Insurance subcategory B2-ALong-term Insurance subcategory B1-AShort-term Insurance Personal Lines A1Long-Term Insurance subcategory CRetail Pension BenefitsShort-Term Insurance Commercial LinesPension Funds BenefitsSharesMoney market instrumentsDerivative instrumentsParticipatory interests in a collective investment schemeFriendly Society Benefits
Registered address
1 HOOD AVENUE ROSEBANK JOHANNESBURG GAUTENG 2196
The authority

About FSCA

Financial Sector Conduct Authority is the authority that issued this licence, and the jurisdiction it applies in is South Africa.

Full name
Financial Sector Conduct Authority
Jurisdiction
South Africa
Strength
Tier 2Well-established regimes with real supervision, usually with lower compensation limits than tier 1.
Established
1991
Oversight
A government or statutory body
Firms we track under it
19 firms
Regulates
Forex, Bond, Stocks, Fund, Derivatives, CFD
Licences it issues
ODP Category IIA – Principal & Agency OTC Derivatives
Typical cost of a licence
USD 50,000-100,000 + ~USD 270k capital
Public register
Searchable by the public
Transparency
High

FSCA is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

FSCA's own rules for the firms it authorises.

  • Compensation schemeUp to ZAR 500,000
  • Complaints routeFSCA Dispute Resolution
  • Maximum leverage1:30
This describes the authority's regime, not how Bancara applies it.
The holder

Who holds this licence

The licence above is recorded against Bancara. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Bancara logo
Broker
Bancara LTD
Named on the register
MAGAUTA CAPITAL (PTY) LTD
Based in
Comoros
Wikilix score
39.1the firm’s overall score, not a rating of this licence

Recorded companies

The name this register printed matches MAGAUTA CAPITAL (PTY) LTD below.

  • BANCARA LTDComoros
  • ISLAND CAPITAL LTD.Vanuatu · International Company · Reg. 700627 · Jun 6, 2022
  • ALTUS INVESTIUM LTDAustralia · Australian Public Company · Reg. ACN 169 233 078 / ABN 87 169 233 078 · Apr 24, 2014
  • MAGAUTA CAPITAL (PTY) LTDMatches the registerSouth Africa
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences Bancara holds

3 other licences are on record for Bancara.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
Licence 51687 was issued by Financial Sector Conduct Authority (FSCA), the financial authority for South Africa.
Bancara holds this FSCA licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the FSCA register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
The FSCA register prints it under MAGAUTA CAPITAL (PTY) LTD, not Bancara. Licences are often held by a subsidiary rather than the trading brand, which is why searching a register for the brand alone can return nothing.
Wikilix rates FSCA tier 2: a well-established regime with real supervision, usually with lower compensation limits than a tier-1 authority.
Yes, FSCA is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
This page links straight to the FSCA register. Search it for 51687, and for the name MAGAUTA CAPITAL (PTY) LTD rather than the trading brand.
Bancara has 3 other licences on record with Wikilix, across 3 jurisdictions. They are listed further down this page.
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