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Licence record
iFOREX Europe logo

iFOREX Europe BVI FSC licence SIBA/L/13/1060

Wikilix check
Ended
Issuing authority
British Virgin Islands Financial Services Commission
Jurisdiction
British Virgin Islands
Licence type
Dealing in securities
Last checked
Oct 15, 2026

This is Wikilix's record of a licence issued by British Virgin Islands Financial Services Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Nov 5, 2026

Licence Verification Record

British Virgin Islands Financial Services Commission SIBA/L/13/1060

Wikilix read the BVI FSC register on Oct 15, 2026. This is what it said.

Holder
ICFD Ltd logoICFD Ltd
Issuing authority
British Virgin Islands Financial Services Commission logoBritish Virgin Islands Financial Services Commission
Jurisdiction
British Virgin Islands flagBritish Virgin Islands
Licence type
Dealing in securities
Register status
Held by Formula Investment House Ltd, not by ICFD Ltd. The company appears on the BVI FSC investment business register under Dealing as Principal, and the BVI FSC has separately confirmed the
Not found on register

Checked Oct 15, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/brokers/iforex-europe/licenses/british-virgin-islands-financial-services-commission/siba-l-13-1060Fields on file 8 / 11

Open iFOREX EuropeAll iFOREX Europe licencesAbout BVI FSC
Our check
Checked

What we checked

This licence is no longer in force, or the register did not carry it when we looked.

Wikilix check
Ended
Authority strength
Tier 3
Jurisdiction
British Virgin Islands
Last checked
Oct 15, 2026
Register says
Held by Formula Investment House Ltd, not by ICFD Ltd. The company appears on the BVI FSC investment business register under Dealing as Principal, and the BVI FSC has separately confirmed the

Finding

An offshore investment business licence in the category Dealing as Principal, held by Formula Investment House Ltd, the group's non-European subsidiary. It is a genuine licence but it belongs to a different legal entity from the one that takes European clients' money, and it carries no EU investor protection. Client protection: Low. No compensation scheme comparable to the EU Investor Compensation Fund and no EU conduct rules. Clients of iforex.eu are not covered by this licence at all. Effective: 13 Dec 2013.

Exhibit

Register screenshot, captured Oct 15, 2026

Verification note

Searched the BVI-FSC register under the broker's brand and every corporate name we hold, and it does not list this licence for any of them.

The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
SIBA/L/13/1060
Licence type (Wikilix classification)
Dealing in securities
Register status
Held by Formula Investment House Ltd, not by ICFD Ltd. The company appears on the BVI FSC investment business register under Dealing as Principal, and the BVI FSC has separately confirmed the
The authority

About BVI FSC

British Virgin Islands Financial Services Commission is the authority that issued this licence, and the jurisdiction it applies in is British Virgin Islands.

Full name
British Virgin Islands Financial Services Commission
Jurisdiction
British Virgin Islands
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2000
Firms we track under it
10 firms
Regulates
Forex, Bond, Stocks, Fund, Options, Derivatives, Commodity, Securities, Futures
Licences it issues
SIBL Category 2 – Securities / Investment Business
Typical cost of a licence
USD 30k-50k + $50k-$1M capital
Public register
Searchable by the public
Transparency
Medium

BVI FSC is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

BVI FSC's own rules for the firms it authorises.

  • No compensation scheme
  • Complaints routeBVI FSC Complaints
  • Maximum leverage1:500
This licence is not in force, so these protections do not apply to it. They describe BVI FSC's regime for the firms it currently authorises.
The holder

Who holds this licence

The licence above is recorded against iFOREX Europe. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

iFOREX Europe logo
Broker
ICFD Ltd
Based in
Cyprus
Operating
Above 20 years
Wikilix score
43.6the firm’s overall score, not a rating of this licence

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • ICFD LIMITEDCyprus · Reg. HE254495 · Sep 7, 2009
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences iFOREX Europe holds

One other licence is on record for iFOREX Europe.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
Licence SIBA/L/13/1060 was issued by British Virgin Islands Financial Services Commission (BVI FSC), the financial authority for British Virgin Islands.
iFOREX Europe holds this BVI FSC licence. A licence on record means the authority published an entry; it is not an endorsement.
No. This licence is no longer in force, or the BVI FSC register did not carry it when we looked. It is kept on record because a closed registration is part of a firm’s history.
Wikilix rates BVI FSC tier 3. Supervision is lighter-touch and client protections vary.
Yes, BVI FSC is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
This page links straight to the BVI FSC register. Search it for SIBA/L/13/1060, and for the name iFOREX Europe rather than the trading brand.
iFOREX Europe has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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