Best IFSC Regulated Brokers 2019

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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.
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

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90% of retail CFD accounts lose money

90% of retail CFD accounts lose money

FBS

Regulated By:CySEC, IFSC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$1

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Your capital is at risk

Your capital is at risk

24 Option

Regulated By:CySEC, IFSC

Foundation Year:2013

Headquarters:39 Kolonakiou street, Frema Plaza, Agios Athanasios, 4103 Limassol, Cyprus

Min Deposit:$100

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Your capital is at risk

Your capital is at risk

IFSC Regulated Brokers Comparison Table

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
FXTM
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90% of retail CFD accounts lose money

CySEC, FCA, FSC

$10

1:30

MT4, MT5

2011

ECN, STP

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90% of retail CFD accounts lose money

FBS
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Your capital is at risk

CySEC, IFSC

$1

1:3000

MT4, MT5

2009

ECN, No dealing desk, STP

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Your capital is at risk

24option
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Your capital is at risk

CySEC, IFSC

$100

1:400

MT4

2013

Dealing Desk, STP

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Your capital is at risk

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.

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