Top 10 FSC Regulated Brokers by WIKILIX Score

An FSC licence is one of the most common credentials in offshore forex, and one of the most slippery, because those three initials belong to more than one Financial Services Commission. This page ranks the ten highest-scoring brokers WIKILIX records with an FSC licence, drawn from the 24 that clear a score of 50 and narrowed to those with a clean recorded status. The order is the WIKILIX score and nothing else. Magic Compass leads on 77.5, Carlyle follows on 71.5, and FXGIANTS closes the list on 55.5.

Which FSC, and why score sets the order

In forex, an FSC licence most often points to the Financial Services Commission of Mauritius, an offshore regulator that authorises a firm's international arm rather than its home-market business. The same initials are used by commissions in Belize, the British Virgin Islands and elsewhere, so the licence line on a broker's site is worth reading closely before you trust it. The firms above are headquartered everywhere from the United Kingdom to Belize, and an offshore FSC registration sits lighter than an onshore licence wherever the parent is based. Every name had to clear a WIKILIX score of 50 and hold a clean status. The score reflects a broker's regulation and trading history. It says nothing about spreads, execution or whether a firm suits you.

An offshore licence rarely travels alone

What stands out about this group is how little any of them rest on the FSC alone. All 18 brokers that qualified pair it with at least one tier-1 authority, most often the UK's FCA or Australia's ASIC, and several are authorised by five or more regulators in total. SuperForex lists nine, ATFX eight. An offshore FSC registration carries no investor compensation scheme and no guaranteed segregation of client money, so that heavier second licence is usually where a trader's real protection lives. Age tells a similar story of firms that built a name elsewhere first: Carlyle and Motilal Oswal both date to 1987, the oldest on the list, while three qualifying names, Magic Compass among them, have no opening date on record.

The higher scores that did not make the cut

A score above 50 is not a clean bill of health. Six of the 24 brokers that qualified on score carry a status a trader should read first, so they sit this one out. triomarkets scored 69.4, higher than eight names on this list, yet WIKILIX flags it as a suspicious clone; equiti on 66.1 and Trading 212 on 61.2 carry the same mark. The ten above are the highest scorers that remain once those firms are removed. Across the 18 clean names, the median score is 55.9 and the spread runs from 50.9 to 77.5.

Before you fund an FSC-licensed account

• Read which FSC issued the licence. A Mauritius number is not a Belize or British Virgin Islands one, and the register you check depends on which commission actually authorised the entity.
• Match the licensed company to the one taking your deposit. A broker can market under a familiar brand while booking your account to an offshore FSC entity, where an onshore regulator's protections do not reach.
• Weigh the leverage against your own risk. Four of the ten record a ceiling of 1:1000, while Finalto caps at 1:30, and a higher limit grows losses as fast as gains.
• Look for the second licence that matters to you. Segregated funds and a compensation scheme come from an onshore authority such as the FCA, not from an FSC registration on its own.