Wikilix
Licence record

Klips: FSCA licence 53685

Issuing authority
Financial Sector Conduct Authority
Jurisdiction
South Africa
Last checked
Aug 17, 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.

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RecordModified Sep 10, 2026

Licence Verification Record

Financial Sector Conduct Authority 53685

Wikilix read the FSCA register on Aug 17, 2026. This is what it said.

Holder
Klips CY Ltd
Issuing authority
Financial Sector Conduct Authority
Jurisdiction
South Africa
Effective
Jul 9, 2024
Register status
Authorised, held by Klips SA Partners (Pty) Ltd, a separate South African group company

Checked Aug 17, 2026

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

wikilix.com/brokers/klips/licenses/financial-sector-conduct-authority/53685Fields on file 6 / 11

Open KlipsAll Klips licencesAbout FSCA
Our check
Checked

What we checked

We found this licence on the issuing authority's own register.

Wikilix check
Confirmed on the register
Authority strength
Tier 2
Jurisdiction
South Africa
Last checked
Aug 17, 2026
Register says
Authorised, held by Klips SA Partners (Pty) Ltd, a separate South African group company

Finding

A South African financial services provider authorisation held by Klips SA Partners (Pty) Ltd, a separate group company, not by the Cyprus entity that contracts with European clients and holds their money. Client protection: Conduct supervision of the local provider only. It carries no compensation scheme for trading losses and does not extend to the Cyprus entity.. Effective: 09 Jul 2024.

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
53685
Register status
Authorised, held by Klips SA Partners (Pty) Ltd, a separate South African group company
Effective from
Expires
No expiry shown
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 Klips applies it.
The holder

Who holds this licence

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

Broker
Klips CY Ltd
Based in
Cyprus
Wikilix score
59.0the firm’s overall score, not a rating of this licence

Wikilix records Klips as having no regulation on file. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • VSMARKETS LTD (formerly KLIPS CY LTD)Cyprus · Reg. HE 431041 · Feb 11, 2022
  • KLIPS PA LTDCyprus · Reg. HE 432595 · Mar 28, 2022
  • KLIPS CY SERVICES LTDCyprus · Reg. HE 451362 · Sep 15, 2023
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
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 Klips holds

One other licence is on record for Klips.

Frequently Asked Questions

Questions about this licence

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

Most Popular Questions

No. There is no working website through which to register, no verifiable regulator standing behind the service, and the corporate group is partly in liquidation while the brand's domain is offered for sale. Choose a broker whose licence you can confirm on the regulator's own register and whose site is live.

No support channel could be verified. No telephone number, support email, live chat or help centre is reachable. Social media profiles under the brand name exist but are not a substitute for a working support desk.

No. A company registration proves only that a legal entity exists in that jurisdiction. It confers no permission to take client deposits, run a dealing desk or offer leveraged trading, and it is granted by a company registrar rather than a financial regulator. A registration certificate should never be read as a trading licence.

Unknown. We could not reach the terms, a restricted-countries page, the signup form's country list, the AML policy, the funding page or the footer disclaimer, because the site no longer serves any of them. We have therefore recorded no country policy at all rather than implying the broker restricted nobody.

Contact the operating company directly in writing and keep every record you have: statements, deposit receipts, correspondence and screenshots. Because no supervising authority could be identified, there may be no regulator to escalate to and no compensation scheme behind the balance. Given that companies in the group are recorded as being in voluntary liquidation, take independent legal advice promptly rather than waiting.

There is no working route. No deposit or withdrawal page, fee schedule, processing time or limit is published anywhere reachable, and there is no live client area through which to submit a request.

None can be confirmed. Marketing described a proprietary mobile application, but no download link, platform page or server detail is available to verify, and there is no evidence of MetaTrader 4, MetaTrader 5 or cTrader access.

Neither can be documented. No pricing schedule, spread table, commission structure or leverage limit is reachable, so these fields are left empty rather than estimated.

Not published. With the website offline there is no account comparison or funding page stating a minimum, and we will not repeat an unsourced figure. If you are told a minimum deposit for this brand by any other channel, treat it with caution.

We found no confirmed evidence of fraud, so we do not label it a scam. What we can document is serious: no verifiable licence, a website that has become a domain listed for sale, the trading name surviving only as a former name of a company now called something else, and two sibling Cyprus companies in voluntary liquidation. That combination is enough to treat the brand as high risk and unverified.

The Cyprus registry records company HE 431041 as registered on 11 February 2022. Promotional material circulated founding dates of 2014 and 2017; neither is supported by the registry entry for the company that carried the brand, so we report the registered date instead.

The Cyprus company behind the brand is registered with the Department of Registrar of Companies and Intellectual Property under number HE 431041. Its current registered name is VSMARKETS LTD; KLIPS CY LTD is recorded there as a previous name of the same company. Its registered office is Rigas Fereou 11, Ground floor, 3095, Limassol, Cyprus.

No. Both klips.com and www.klips.com redirect away from the broker's own host to a registrar's domain-sale parking page. We tried an ordinary request and then a full browser, and both ended at the same sale page. There is no live Klips site, no client login and no signup form.

No regulation could be verified. We found no forex or CFD licence in force for the Klips brand or for the Cyprus company that traded under it, and no verify link to an issuing authority is published anywhere we could reach. Until a licence can be confirmed on the regulator's own register, this broker should be treated as unregulated.

Licence 53685 was issued by Financial Sector Conduct Authority (FSCA), the financial authority for South Africa.
Klips 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.
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.
Klips has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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