CFDs are leveraged. Most retail traders lose money, and you can lose more than you deposit.
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Posts on brokers, account types, regulation and regulator warnings.

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Regulation

16 Oct 2026

IG's South African licence number shows as Lapsed on the FSCA register

FSP 41393, which IG's ZA site still displays, has status LAPSED on the regulator's register.

Regulator warnings

16 Oct 2026

The FSCA number some sites list for Pepperstone belongs to a different company

FSP 46862 is registered to CHS Claims Handling Services (Pty) Ltd, not Pepperstone.