Essential

FSCA

Financial Sector Conduct Authority - South Africa's financial markets regulator.

Definition

FSCA (Financial Sector Conduct Authority) is South Africa's financial services regulator, replacing the former FSB. It regulates OTC derivative providers including forex brokers and has increasingly aligned with international standards.

How It Works

Regulates financial services in South Africa
ODP (Over-the-Counter Derivative Provider) license for forex
Requires segregated client funds
No ESMA-style leverage restrictions

Trading Tips

FSCA regulation has strengthened in recent years

Popular with brokers targeting African markets

Verify license on FSCA website

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