South Africa, and the African continent as a whole, is a huge growth market for forex trading. Many brokers, including a number of ECN forex brokers, are therefore doing what they can do to tap into this growing market and attract more African clients to their brokerage. In doing so, some ECN forex brokers have chosen to register local branches in South Africa.
Since 2018, ECN forex brokers in South Africa are regulated by the Financial Sector Conduct Authority (FSCA) of South Africa. This regulator is considered to be among the most experienced on the African continent, which makes South Africa the preferred jurisdiction for ECN forex brokers in Africa.