HF Master Card

 

“The Financial Services Board (FSB) is the government of South Africa financial regulatory agency responsible for the non-banking financial services industry in South Africa. It is an independent body that supervises and regulates the financial services industry in the public interest. This includes the regulation of the biggest stock exchange in Africa, the Johannesburg Stock Exchange”. Source: Wikipedia

It pains me to hear people complaining about Forex brokers who are not paying out withdrawals and people do not even know where to find or report  them. I decided to focus mostly on FSB regulated brokers. (I will add more as the year goes by, I just added a few that I have personally traded with before ). There are many other FSB regulated brokers that are fairly new (have never operated anywhere before). I personally prefer to give a broker some time just to see if it can be sustainable even during market “storms”. If you do not see your favorite broker on the list, do not get worried YET, just go and check them out on FSB site. Not all brokers are locally regulated and I am also not stating that any broker that is not regulated in South Africa is a scam. I do however feel comfortable when I trade with a broker that is regulated here at home as well, it makes me sleep well at night knowing I can always keep tabs on them and I actually know where to lay a complaint should they mistreat me. It is also your duty as a trader to keep on checking the status of your broker from time to time (do not invest blindly), this does not only apply to traders but to anyone who is dealing with  financial service providers, always check if they are regulated.

 

To check the status of your Forex  broker go HERE  and follow the simple steps as demonstrated on the screenshot below ( l love screenshots, ask my mentees they will tell you). I have provided  detailed information on 4 brokers that I have personally used. Source of information: FSB.

When  you search on FSB site, you can either use the FSP number or the name they trade as, but remember that it has to be stated on the broker’s website if they are trading under a different name. If you need a broker you can check the ones I recommend and register your Live account. It will not only help you to be registered with a regulated broker but it will also help me to keep this blog running and have all the free information that I always provide.

 

Recommended FSB Regulated Forex  Brokers

Hotforex

FSP number          : 46632

Registration No   : 2015/341406/07

Date Authorized  : 09/02/2016

Trading as           : HF MARKETS SA (PTY) LTD

USD Debit card   : Yes

Open An Account HERE 

 

Cmtrading

FSP number          : 38782

Registration No   : 2010/010099/07

Date Authorized  : 07/04/2009

Trading as            : BLACKSTONE MARKETING SA (PTY) LTD

USD Debit card    : Yes

Open your Copycat account  HERE. Read more about copycats/copy trading accounts HERE 

Open your account to trade for yourself  HERE .

 

FxPro 

FSP number          : 45052

Registration No    : HE181344

Date Authorized  : 07/07/2015

USD Debit card   : No

Open your account HERE

See all other regulations for outside South Africa on my homepage HERE 

 

Markets.com

FSP number        : 43906

Registration No : HE186196

Date Authorized : 14/08/2012

Trading as        : SAFECAP INVESTMENTS LIMITED

USD Debit card   : No

Open Your Account HERE

 

Thank you for stopping by, hopefully you’ll find this information valuable. If you do, kindly share with your peers using the share buttons below.


12 Comments

  1. Ingrid says:

    Ntombi Ive seen good reviews about Hotforex but i was not aware they only recently got their license. Would it be safe to invest with a newbie?

    • Hi Ingrid

      Yes they are good, hence I added them here. I did trade with them a few years ago (still have a small account with them), but I was not confident enough to recommend to anyone because I personally prefer Brokers who are regulated here at home by FSB.

  2. Lewis Sithole says:

    Is IQ Optional legit

  3. Shaun says:

    I am having a probkem with ACM GOLD.
    Ive deposited alot of money into my trading account that i hold with them only to find out they are not operating anylonger but managed to take my money. I cant get them on their contact numbers . How can i proceed from here or how do i retrieve my moneg and report tjis to the proper authority.

  4. lesego says:

    The is this company called Stock Market Perfomance I’ll like to know if they are registered with FSB

  5. Randy says:

    Is there a problem with BlackStone Marketing SA? anyone else invested with them?
    I have been having problems with them since march

    • Hello Randy

      You mean Cmtrading right? they are trading as Blackstone , but they have no issues as far as I know. Kindly whatsapp me so we can talk +27 64 510 4132, I will see what I can do

  6. Thembisile says:

    wow this block is really helpful for someone like me who does not know anything about forex trading and would like to try it out for investment purposes. thank you so much for creating this block, i look forward to learning alot from you.

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