FSCA Regulated Brokers: All 157 in the WIKILIX Database

157 brokers in the WIKILIX database are recorded as holding a licence from the Financial Sector Conduct Authority, South Africa's market conduct regulator. That is the complete set on file, ordered by WIKILIX score, rather than the eight or ten a shortlist picks out.

Scores run from 80 at the top to 26.8 at the bottom, with a median of 44.7. Hoxton Capital Management sits first at 80, its FSCA entry recorded alongside FCA, ASIC, CySEC, SEC and DFSA. CBCX Markets Limited follows at 77.4 on an FCA and FSCA pair, and Velocity Trade Limited at 76.4 adds ASIC. IG Group, with a recorded opening date of 1974, is the oldest firm here apart from Standard Bank, whose record goes back to 1862.

What the 157 break down into

Not one of the 157 carries our scam label. 83 carry something other than a clean regulation status, and that is the figure a best-of list has no reason to publish.

How we built this list

One filter: the broker holds at least one FSCA licence in our records. No score floor, no minimum age, no exclusion by status. Sorting is by WIKILIX score, highest first, and that score is assembled from the licences, corporate records, trading conditions and reported incidents we hold on a broker. It measures how much verified record exists and how clean it is. It is not a rating of service quality.

Keeping the flagged firms in is deliberate. Someone searching for FSCA brokers is usually trying to establish whether one particular name is licensed, and dropping 83 entries would answer a different question. One caveat on the counts: a broker's regulator list is deduplicated, so a firm holding three separate FSCA authorisations arrives as a single FSCA row. What these numbers measure is regulators, not licence numbers.

What an FSCA licence actually covers

The FSCA licenses a legal entity, not a brand. 61 of the brokers here list FSCA as their only regulator, while just 46 are headquartered in South Africa. Most of this list is therefore firms licensed in South Africa and domiciled elsewhere: 21 in the United Kingdom, 15 in Cyprus, and the remainder across Australia, Mauritius, Seychelles, Saint Vincent and the Grenadines and a dozen more jurisdictions. The licence attaches to the local company. It does not travel with the group.

Leverage shows the same spread. 145 of the 157 carry a recorded maximum, 59 of them at 1:1000 or higher, and the highest figure on file is 1:5000, against ACY Securities. Fifteen sit at 1:30 or lower.

Checks worth doing before you open an account

• Look the FSP number up on the FSCA's own register and confirm the licence category covers derivatives, not advice alone.
• Check that the legal entity named in the client agreement is the entity holding that FSP number.
• Ask which entity your account is opened with, because a group can route clients outside South Africa to a different arm on a different licence.
• Read the status label recorded on the broker's own WIKILIX page before you read its marketing copy.

This page reflects licence records held in the WIKILIX database today. It does not tell you what a broker charges, how its orders fill, or whether it accepts clients from where you live.