Wikilix
Licence record

FSCA licence 53022

Holder
bestonFX
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.

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Licence intelligence

RecordModified Sep 7, 2026

Licence Verification Record

Financial Sector Conduct Authority 53022

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

Issuing authority
Financial Sector Conduct Authority
Holder
Beston Internet Technology (Pty) Ltd
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/licenses/financial-sector-conduct-authority/bestonfx/53022Fields on file 2 / 11

Open bestonFXAbout 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
53022
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 bestonFX applies it.
The holder

Who holds this licence

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

Broker
Beston Internet Technology (Pty) Ltd
Based in
South Africa
Wikilix score
39.0the firm’s overall score, not a rating of this licence

Wikilix has flagged bestonFX as a suspected clone of another firm. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

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 bestonFX holds

One other licence is on record for bestonFX.

Frequently Asked Questions

Questions about this licence

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

Most Popular Questions
bestonFX provides customer support via email at support@bestonfx.tech and offers live chat during business hours. Phone support is available at (+21) 010 018 9820. Support is offered in English.
bestonFX offers leverage up to 500:1, but the exact leverage available varies by firm and local regulations. The FSCA-regulated license indicates a maximum leverage of 30:1 for South African clients.
The minimum deposit amount for opening an account with bestonFX is 300 USD. Some funding methods have their own minimums, such as 10 USD for Skrill and Neteller, and 100 USD for bank transfers.
bestonFX supports deposits and withdrawals via Visa/Mastercard, Skrill, Neteller, PromptPay (Thailand only), and bank transfer. Deposit processing is typically instant for e-wallets and cards, while withdrawals may take 1-5 business days depending on the method. Verification is required for all funding methods.
bestonFX is registered with the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Crimes Enforcement Network (FinCEN) in the United States. The FSCA license covers multiple financial instruments including Forex and CFDs, with client fund insurance up to ZAR 500,000. However, WIKILIX classifies bestonFX as a suspicious clone, indicating caution is advised.
Licence 53022 was issued by Financial Sector Conduct Authority (FSCA), the financial authority for South Africa.
bestonFX 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.
bestonFX has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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