Wikilix
Licence record

HEROMARKETS: FSCA licence 47857

Issuing authority
Financial Sector Conduct Authority
Jurisdiction
South Africa
Licence type
Financial Service Corporate

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 Sep 7, 2026

Licence Verification Record

Financial Sector Conduct Authority 47857

Recorded from the firm's own disclosure. Not yet checked against the register.

Holder
Trade Capital Markets (TCM) Ltd
Issuing authority
Financial Sector Conduct Authority
Jurisdiction
South Africa
Licence type
Financial Service Corporate

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

wikilix.com/brokers/heromarkets/licenses/financial-sector-conduct-authority/47857Fields on file 2 / 11

Open HEROMARKETSAll HEROMARKETS licencesAbout FSCA
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 2
Jurisdiction
South Africa
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
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
47857
Licence type (Wikilix classification)
Financial Service Corporate
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 HEROMARKETS applies it.
The holder

Who holds this licence

The licence above is recorded against HEROMARKETS. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
Trade Capital Markets (TCM) Ltd
Based in
Cyprus
Wikilix score
42.9the firm’s overall score, not a rating of this licence
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.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences HEROMARKETS holds

One other licence is on record for HEROMARKETS.

Frequently Asked Questions

Questions about this licence

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

Most Popular Questions
HEROMARKETS is authorized to offer trading in Forex, Stocks, Options, Derivatives, Commodities, Securities, Futures, and CFDs. Binary options trading is subject to specific trading limits under its regulatory framework.
According to WIKILIX data on HEROMARKETS, the maximum leverage available is 2. This is significantly lower than the highest leverage allowed by its regulators, which is up to 30.
The minimum deposit amount to open an account with HEROMARKETS is 100 EUR. Additional details about account types or tiers are not specified in the provided context.
HEROMARKETS accepts deposits via Skrill, Neteller, PayPal, and Nuvei bank transfers. Deposits through Skrill and Neteller are processed instantly with no deposit or withdrawal fees charged by the broker. However, clients may incur fees from their banks or payment providers.
Trade Capital Markets (TCM) Ltd, operating as HEROMARKETS, is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) of South Africa. It holds onshore licenses and provides client fund insurance up to €20,000 under CySEC and ZAR 500,000 under FSCA. The broker operates with high transparency and follows regulatory complaint mechanisms.
Licence 47857 was issued by Financial Sector Conduct Authority (FSCA), the financial authority for South Africa.
HEROMARKETS holds this FSCA licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the FSCA register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
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.
HEROMARKETS has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
Still Need Help?

Can't find what you're looking for?

Our support team is here to help you get the answers you need.