Is IG Group a Scam? Regulation Check 2026
We checked IG Group's licence in the official FSCA register. Here is what the public records say.
Verdict
IG Group is NOT a scam. It holds FSCA licence 41393, authorising it to offer trading services in South Africa.
How to verify on the official register
| Regulator | FSCA Financial Sector Conduct Authority (FSCA) |
| Licence Number | 41393 |
| Regulated Entity | IG Markets South Africa Ltd |
| Founded | 1974 |
| Listed | LSE:IGG β publicly audited |
What FSCA regulation means
FSCA-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with FSCA directly.
What FSCA regulation means for your money
- Client funds held in segregated bank accounts, separate from IG Group's own capital
- Negative balance protection β you cannot lose more than your deposit
- Right to file complaints directly with FSCA if IG Group fails to resolve your issue
- IG Group submits to regular independent financial audits under FSCA oversight
Frequently Asked Questions
Is IG Group a scam or legitimate?
IG Group is NOT a scam. It holds FSCA licence number 41393. FSCA is one of the world's most respected financial regulators. The licence is publicly verifiable in the FSCA official register.
How do I check IG Group's FSCA licence?
Go to the official FSCA website and use the public register search. Search for licence number 41393 or the entity name. The record will confirm IG Group's authorisation status and the scope of its permissions.
Are my funds safe with IG Group?
As an FSCA-regulated broker, IG Group must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if IG Group encounters financial difficulties.
What protection do I have as a IG Group client in South Africa?
In South Africa, IG Group operates under FSCA supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with FSCA.
Reader Comments
Loading comments...