Wikilix
Licence record

FSCA licence 51404

Holder
BROKSTOCK
Jurisdiction
South Africa
Licence type
Market Making(MM)

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 10, 2026

Licence Verification Record

Financial Sector Conduct Authority 51404

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

Issuing authority
Financial Sector Conduct Authority
Holder
BROKSTOCK SA (PTY) LTD
Jurisdiction
South Africa
Licence type
Market Making(MM)

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/brokstock/51404Fields on file 2 / 11

Open BROKSTOCKAbout 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
51404
Licence type (Wikilix classification)
Market Making(MM)
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 BROKSTOCK applies it.
The holder

Who holds this licence

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

Broker
BROKSTOCK SA (PTY) LTD
Based in
South Africa
Wikilix score
46.1the firm’s overall score, not a rating of this licence

Wikilix records BROKSTOCK as operating beyond the scope of its authorisation. 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.
Frequently Asked Questions

Questions about this licence

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

Most Popular Questions
BROKSTOCK prohibits clients from North Korea and other UN-sanctioned countries. The broker primarily serves South Africa, Africa, and many emerging global markets.
BROKSTOCK offers trading in Forex, Bonds, Stocks, Funds, Derivatives, and CFDs. Detailed information about the number of instruments or specific trading platforms is not specified.
Yes, BROKSTOCK offers live chat support available during business hours. Customers can also contact them via phone numbers, email addresses, and social media platforms such as Facebook, LinkedIn, Instagram, and YouTube.
BROKSTOCK supports various funding methods including credit cards, cryptocurrencies, PayPal, Skrill, Neteller, bank transfers, and local methods like PIX and PayNow. Withdrawal fees may apply if the amount is less than $50, typically a $25 fee, while full balance withdrawals are usually free.
BROKSTOCK requires a minimum deposit of 100 ZAR. The maximum leverage offered by the broker is 100. Specific details about account types or leverage tiers are not specified in the provided context.
BROKSTOCK SA (PTY) LTD is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa. The broker holds a Market Making license and offers client fund insurance up to ZAR 500,000. It operates under a high transparency level and follows complaint mechanisms through FSCA Dispute Resolution.
Licence 51404 was issued by Financial Sector Conduct Authority (FSCA), the financial authority for South Africa.
BROKSTOCK 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.
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