FSCA FSP Search

Example — XM (FSCA Regulated Broker)

Broker Name: XM

FSCA License Status: Authorised to operate in South Africa

FSP Number: 49976 (Financial Services Provider number) — verified FSCA listing

What It Means: XM is licensed by the South African Financial Sector Conduct Authority (FSCA), so it may legally offer trading services to South African retail clients and must meet FSCA regulatory standards, including compliance, conduct oversight, and protections under South African financial law.

Traders should still verify the current FSCA register directly at fsca.co.za.

Example — Deriv Regulatory Status (South Africa)

Broker Name: Deriv

FSCA License Status: Not regulated by the FSCA

South African residents can open accounts with Deriv, but Deriv does not have a Financial Services Provider (FSP) number issued by the FSCA — and it is not included on the official FSCA authorised list.

What This Means:

Deriv operates under offshore/other international licenses, but these are not South African regulatory approvals.

Deriv is not authorised by the FSCA to solicit South African clients under South African financial law.

There is no local FSCA compliance, dispute resolution rights via FSCA, or guaranteed client protection under South African regulatory standards.

Verification Tip: You can independently verify any FSCA licence by searching the broker name or expected FSP number on the FSCA register at the official FSCA search tool.

Important Note for South African Traders

Always verify a broker’s regulatory status directly on the official FSCA Financial Services Provider register.

FSCA regulation provides local oversight and legal recourse that offshore-regulated brokers do not offer within South Africa.

Where a Broker Should Display Its FSCA Licence

An FSCA-regulated broker should clearly display its regulatory status and FSP licence number on its official website.

This information is typically found in the website footer, “About Us”, “Legal”, or “Regulation” section.

The broker’s name and FSCA Financial Services Provider (FSP) number should be shown exactly as they appear on the official FSCA register, allowing South African clients to independently verify the licence on the FSCA FSP search portal.

If a broker does not prominently disclose an FSCA licence or FSP number, it may indicate that the broker is not authorised by the FSCA, even if South African residents are able to open accounts.