FSCA Regulated Brokers with 10 or More Years in Operation

Seventy-five brokers in the WIKILIX database hold a licence from South Africa's Financial Sector Conduct Authority and have been operating for ten years or longer. This is the full set, not a shortlist. It runs from CBCX at 77.4 down to Applied Derivatives at 27.1, ordered by WIKILIX score, with a median of 50.4.

The ten-year floor is measured from the opening date recorded against each firm, not from the date its FSCA licence was granted. A broker with no recorded opening date drops out of the query, which is why this page is shorter than the 157 FSCA records we hold. The oldest entry is Standard Bank at 1862. The oldest name most retail traders would recognise is IG Group, opened in 1974 and carrying eight authorities in our records, among them the FCA, ASIC, MAS and BaFin.

What the 75 look like

Only 16 of these firms are headquartered in South Africa, and 24 sit in the United Kingdom or Cyprus. An FSCA authorisation records that a firm is licensed to provide financial services into that market, not where it keeps its head office.

How we built this list

Two filters, no editorial input. The query asks for every active broker with an FSCA licence recorded against it, then keeps those whose recorded opening date is at least ten years old.

The ordering is the WIKILIX score, highest first. That score is our own 0 to 100 figure held against each broker record, and no floor was set for this page, so a weak score never pushed a licensed firm off the list. Scores span 27.1 to 77.4 and the median sits at 50.4, worth remembering before reading the top of the grid as an endorsement. WIKILIX grades the FSCA itself as a tier-2 authority. Forty of the 75 also hold a licence from an authority we grade tier-1, counted by joining regulator short names against our regulator table.

Status labels were left in place. Twenty-nine of the 75 carry one: 12 marked suspiciousClone, nine offshore, six exceeded and two noRegulation. Those are WIKILIX's own recorded labels. Filtering them out would have produced a shorter list, not a more honest one. ACY Securities, which offers the highest maximum leverage here at 1:5000, carries a suspiciousClone label. TD Markets, one of the 20 firms listing no authority besides the FSCA, is marked exceeded.

What an FSCA licence buys a trader

The Financial Sector Conduct Authority is South Africa's market conduct regulator. Firms it authorises are registered as Financial Services Providers with an FSP number, and dealing in over-the-counter derivatives requires a separate ODP licence. The register is public and searchable by company name at fsca.co.za.

What the licence does not do is standardise the product. Maximum leverage here runs from 1:1 to 1:5000, and 25 of the 67 firms with a recorded figure offer 1:1000 or higher, well beyond what the FCA or ASIC allow a retail client. Exness appears with a recorded maximum of 1:100 on the entity we hold.

Before you open an account

• Search the FSCA register for the FSP number and confirm the licensed entity is the one named on your client agreement.
• An authorisation covering advice or intermediary services is not an ODP licence to deal in leveraged derivatives.
• The group company taking your deposit is often not the FSCA-licensed one. It is named in the account terms.
• Leverage of 1:1000 from a firm listing no authority but the FSCA is a different proposition from 1:30 under the FCA.

This list cannot tell you about spreads, execution quality, withdrawal times, or whether a broker will accept a client from your country. None of that sits in the data behind the page. It reflects licence records held today, and any licence is worth confirming on the regulator's own register before money moves.