FSCA

The FSCA (Financial Sector Conduct Authority) is South Africa's market conduct regulator, replacing the former FSB in 2018. The FSCA is recognized as one of the most prominent Tier-2 regulators on the African continent. Given South Africa's status as an emerging market, the FSCA license stands out for both regional credibility and reasonable compliance standards. FSCA-licensed brokers must hold client funds in segregated accounts, offer transparent pricing, and prepare regular audit reports.