Financial Sector Conduct Authority (South Africa)
ProperFX is authorized and regulated as a Financial Service Provider (FSP) from the Financial Sector Conduct Authority (FSCA) in South Africa, under the licence number 49045
FSCA is an independent institution established by statute to oversee the South African non-banking financial services industry. It regulates the Johannesburg Stock Exchange (JSE), the largest exchange in the African continent.
Is ProperFX regulated?
ProperFX is a regulated broker in South Africa under Financial Sector Conduct Authority (FSCA)
These regulatory bodies ensure that ProperFX operates in compliance with international financial laws and standards, providing a secure trading environment for its clients.
*Disclaimer: ProperFX do not offer trading services to retail clients.
In which countries is ProperFX regulated?
ProperFX is regulated in various countries across different continents. Financial Sector Conduct Authority (FSCA) in South Africa.
What is the difference between a regulated broker and an unregulated broker?
The main difference between a regulated broker and an unregulated broker lies in the oversight and compliance with legal and financial standards required by governmental or independent authorities.
A regulated broker is licensed to operate within a specific jurisdiction, or from a country with which there is a mutual regulatory agreement, ensuring the broker is adhering to a set of predefined rules, laws, and protection measures for traders and investors. This licensing shows that a recognized regulator is monitoring the broker's activities to make sure the broker follows fair trading practices.