Financial Sector Conduct Authority

The Financial Sector Conduct Authority (FSCA) is one of the leading regulatory bodies in global financial markets, responsible for overseeing market conduct within the financial sector. It plays a key role in maintaining a fair, transparent, and secure financial environment by ensuring that all clients are treated equitably, have access to accurate information, and are adequately protected.


FSCA number: 53192



OnsaFX (Pty) Ltd best execution policy
OnsaFX (Pty) Ltd client agreement
OnsaFX (Pty) Ltd conflicts of interest policy
OnsaFX (Pty) Ltd key facts summary
OnsaFX (Pty) Ltd privacy policy
OnsaFX (Pty) Ltd risk disclosure notice

Saint Lucia  Authority

Onsa FX Limited, registered in Saint Lucia as an International Business Company (IBC) with registration number 2025-00284, indicates the company’s legal establishment in the country under the International Business Companies Ac 17. 25

Licence Number : 2025- 00284

Regulatory & Operational Structure Explanation

Onsa FX (Pty) Ltd – FSCA Intermediary Model

Onsa FX (Pty) Ltd is authorised as a Financial Services Provider (FSP) in South Africa under an intermediary licence.

The company:

  • Acts strictly as an intermediary
  • Provides financial services limited to advice and/or intermediary services
  • Does not act as principal
  • Does not operate a dealing desk
  • Does not assume market risk
  • Does not act as a counterparty to client trades

Onsa FX (Pty) Ltd does not provide discretionary portfolio management or derivative issuing functions.

All trading services are provided by:
Onsa St Lucia Ltd

Onsa St Lucia Ltd acts as:

  • The contracting counterparty to trading clients
  • The entity responsible for trade execution
  • The holder of Liquidity Provider (LP) agreements
  • The entity responsible for risk management and exposure handling

The operational flow is structured as follows:

  • Clients are introduced through Onsa FX (Pty) Ltd in its intermediary capacity.
  • Clients enter into a trading agreement with Onsa St Lucia Ltd.
  • All orders are routed to and executed by Onsa St Lucia Ltd.
  • Liquidity is sourced through institutional liquidity providers contracted by Onsa St Lucia Ltd.
  • Market exposure and hedging decisions are handled exclusively by Onsa St Lucia Ltd.

Onsa FX (Pty) Ltd does not:

  • Control pricing feeds
  • Control liquidity relationships
  • Intervene in execution
  • Hold exposure on its balance sheet

All market risk is assumed and managed by Onsa St Lucia Ltd.

Onsa FX (Pty) Ltd does not:

  • Maintain a B-book
  • Hold client trading risk
  • Engage in proprietary trading against client positions
  • Provide margin lending from its own capital

The South African entity operates on a non-risk-assuming intermediary basis.

Clear operational separation exists between:

  • Client introduction and support (SA entity)
  • Trade execution and risk management (St Lucia entity)

This structure ensures:

  • Defined regulatory responsibilities
  • Transparent allocation of risk
  • No market exposure at the South African FSP level
  • Proper disclosure of counterparty relationships to clients

Clients are informed through contractual documentation that:

  • The trading counterparty is Onsa St Lucia Ltd
  • Execution and liquidity are handled offshore

Onsa FX (Pty) Ltd acts solely as an intermediary under its FSCA licence

Conclusion

Onsa FX (Pty) Ltd operates strictly within the scope of its FSCA intermediary licence.
All trading, execution, liquidity management, and exposure risk sit with Onsa St Lucia Ltd as the principal trading entity.