FXEMPIRE
All
Corona Virus
Stay Safe, FollowGuidance
World
12,394,709Confirmed
557,510Deaths
7,225,129Recovered
Fetching Location Data…
Advertisement
Advertisement

Best IFSC Regulated Brokers 2020

FX Empire Editorial Board
Last Update:
At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. Here’s how we make money.

The brokers below represent the best IFSC Regulated brokers overall.

Scroll for more details
BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
FXTM
Visit Broker>

90% of retail CFD accounts lose money

CySEC, FCA, FSC

$10

1:30

MT4, MT5

2011

No dealing desk

Visit Broker>

90% of retail CFD accounts lose money

FBS
Visit Broker>

Your capital is at risk

CySEC, IFSC

$1

1:3000

MT4, MT5

2009

ECN, No dealing desk, STP

Visit Broker>

Your capital is at risk

Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.

Best IFSC Regulated Brokers


Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

FXTM

Regulated By:CySEC, FCA, FSC

Foundation Year:2011

Headquarters:FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus

Min Deposit:$10

Visit Broker

90% of retail CFD accounts lose money

FXTM, short for ForexTime, is a platform with a primary focus on foreign exchange. That specialization allows it to rise above many others when it comes to Forex focused trading platforms and tools. CFDs are available on 50+ currency pairs including major, minor, and exotic pairs. Leverage is available up to 1000:1.

Spreads are competitive across all platforms with 24-hour trading open 5 days per week. FXTM is based in Cyprus and licensed by the International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission, and other regulators in and out of the EU. A free demo account is available. 

 Pros:  Cons:
  • Support for 250+ products to trade across global markets, including Forex, commodities, shares, indices and cryptocurrency CFDs
  • Competitive spreads
  • MetaTrader 4 and MetaTrader 5 platform support
  • Low maximum order size
  • No native Mac desktop app

FBS

Regulated By:CySEC, IFSC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$1

Visit Broker

Your capital is at risk

FBS Markets Inc. is a Forex and CFD broker that offers its services across the globe. The company was established in 2009 and since then, the brand has grown in size, capacity and technology. It offers currency pairs, CFDs, stocks, metals and cryptocurrencies on MT4 and MT5 platforms.

FBS Markets offers 37 currency pairs, 4 metals, 3 CFDs, 4 cryptocurrencies and 32 stocks.

FBS provides the MT4 and MT5 trading platforms as WebTrader, desktop applications and mobile applications. For leverage accounts, this brokerage offers leverage of up to 3000:1.

Pros Cons
  • The broker is regulated by CySEC and the IFSC
  • Access to investor compensation in case of broker fraud
  • Comprehensive trader education
  • Good variety of research tools
  • Low capital requirements for account opening
  • Spreads are higher than many retail brokers
  • Regulation of global brand is not as robust as the EU brand
  • Leverage offered on global brand is too high (careful risk management is a must)

Introduction to IFSC Regulation

IFSC is an acronym that stands for The International Financial Service Commission. Belize has for a long time been known to be an offshore haven that didn’t offer ‘too much restriction’ to foreign brokerage firms who wanted to make a killing. However, this changed recently when IFSC increased licensing fees and minimum capital requirements, therefore, making it hard for rogue brokers to enter the markets. Some are of the opinion that the new requirements were too harsh but this was a necessary move to make sure that the authority of the IFSC is respected.

IFSC Responsibilities

IFSC is responsible for creating, amending and implementing policies that are meant to regulate the activities and operations of financial service providers. By doing this, it creates a reliable and transparent market for all participants both from Belize and also from the international market. It also issues licenses based on applications that are presented to it by firms that are interested in carrying out financial business in Belize. This means that they also collect all fees related to acquisition and renewal of licenses. One of the most important goals for it to achieve is to ensure that growth of financial services is promoted and this, in turn, stimulates overall growth of the Belize economy.

IFSC is also responsible for collecting information about the market (including its participants) and creating periodic reports to submit to the government. This not only ensures that the financial service providers are regulated but also makes sure that the operations of IFSC are kept in check.

How IFSC Regulation Protects You

Through the Financial Services Commission Act, the regulator aims to create a business environment where the rights of the customers are protected.

As we had mentioned earlier, IFSC collects information from the local and international financial markets. Records of this sort of information are updated regularly and availed to interested parties. This means that as an investor, you have an abundant knowledgebase that you can use to your advantage such that you are able to reap maximum benefits from the markets.

IFSC has the power to enact regulations that protect investors such as one that happened recently when it demanded that all firms that are licensed to facilitate financial and commodity based derivative instruments must avail proof of a minimum capital requirement of $500,000

Guidelines for IFSC Regulated Brokers

All IFSC regulated brokers are required to pay an annual fee for the renewal of their licenses. Owing to the fact that Belize is a member of the Caribbean Financial Action Task Force (CFATF) it means that all licensees are required to abide by the necessary regulations. This means collecting enough information about the customers such that they are not inadvertently involved in money laundering schemes or funding of criminal activities. Brokers are also meant to comply with the minimum capital requirements and provide proof that customer’s funds are segregated from the firm’s operating capital.

Read More:

Trade With A Regulated Broker

  • Your capital is at risk