Forex Broker FSCA Check Template

A broker due diligence template for recording FSCA status checks, account terms, demo conditions, withdrawal rules, platform access, and red flags before depositing.

Audience

Forex beginners

Format

Broker checklist

Time

30-45 minutes

A broker check should happen before a deposit, not after a withdrawal problem. This template helps South African beginners record the exact broker entity, claimed authorisation, trading platform, account terms, demo behaviour, and support evidence.

Use this when

You are comparing a forex broker, introducing broker, signal group, or trading-course recommendation.
You want to practise on MT5 demo without rushing into a live account.
A broker or promoter makes claims about authorisation, bonuses, withdrawals, or guaranteed results.

How to use it

Write down the legal entity name, website, and claimed registration details.
Check official records and warnings where relevant.
Open a demo account before considering live money.
Record spreads, swaps, minimum deposit, withdrawal rules, and support response.
Do not deposit if the entity, rules, or risk disclosure is unclear.

Copy-ready template

Copy this broker check template

Broker identity

Website:
Legal entity name:
Claimed licence or registration:
Who recommended it:

Account and platform

Platform offered: MT5 / MT4 / web / other
Demo account tested? yes / no
Minimum deposit:
Withdrawal method and timing:
Support response recorded:

Risk decision

Red flags:
Unanswered questions:
Maximum amount I can afford to lose:
Decision: demo only / pause / walk away

Broker identity
- Website:
- Legal entity name:
- Claimed licence or registration:
- Who recommended it:

Account and platform
- Platform offered: MT5 / MT4 / web / other
- Demo account tested? yes / no
- Minimum deposit:
- Withdrawal method and timing:
- Support response recorded:

Risk decision
- Red flags:
- Unanswered questions:
- Maximum amount I can afford to lose:
- Decision: demo only / pause / walk away

Mistakes this template helps prevent

Checking only the brand name instead of the legal entity.
Depositing because a course, influencer, or signal provider recommends the broker.
Ignoring withdrawal rules until after funding the account.

Important note

This is a planning and record-keeping template, not legal, financial, tax, employment, or trading advice. Use it to organise your thinking and keep better notes. For regulated, tax, or high-risk decisions, verify details with the relevant official source or a qualified professional.