FSA Regulated Brokers Based in Seychelles

Sixty-nine brokers in the WIKILIX database hold a licence record with the Seychelles Financial Services Authority and give Seychelles as their registered address. Their scores run from 16.4 to 66.2, the median sits at 33.0, and 26 of them opened in 2020 or later.

Both of those things have to be true for a broker to appear here: the licence and the head office. That makes this a narrower list than the ones most comparison sites publish, and the section below says exactly who it leaves out.

Where the boundary sits

FSA is the most overloaded acronym in broker regulation. Japan's Financial Services Agency uses it, Finland's FIN-FSA uses it, and the United Kingdom's Financial Services Authority used it until 2013. Requiring a Seychelles registered address alongside the licence record is how this page keeps to firms where the Seychelles reading is the right one. It is a deliberate trade: precision about who these companies are, at the cost of completeness about who holds the licence.

Who you will not find here

Well-known names appear against the same FSA licence record without giving Seychelles as their head office. The wider FSA list in our database runs to 280 brokers, and those registered elsewhere include Exness (Cyprus), IG (United Kingdom), FOREX.com (United States), eToro (United Kingdom) and OANDA (United States). Their offshore entities usually serve clients outside the group's onshore markets. If you came looking for one of them, the registered address is why it is missing.

How we built this list

The order is the WIKILIX score, highest first. That score is built from the licence records, corporate details and warning history we hold on a firm, not from trading costs or anyone's opinion of the platform. Nothing here is hand-picked. The grid is the live query, so a broker that gains a Seychelles licence or moves its registered office joins or leaves without anyone editing this copy. Some figures worth having before you read it:

• 35 of the 69 hold licences from two or more authorities. Only 8 hold one from the FCA or ASIC.
• 40 carry our "offshore" status label and 19 carry "regulation". Six carry "suspiciousClone", two "noRegulation", one "exceeded" and one "scam".
• 28 record a maximum leverage of 1:1000 or higher, and the highest recorded figure is 1:4000.
• 14 opened before 2015. The oldest is MERJ Exchange Limited, recorded as opening in 1998.
• Seven have no opening date in our records, so their age is unknown rather than short.

What a Seychelles licence actually covers

The FSA authorises securities dealers, and a dealer licence lets a firm quote prices and take the other side of client orders. What it does not carry is the retail safety net a trader may be expecting. There is no statutory compensation scheme comparable to the FSCS, leverage is not held to the 1:30 European retail ceiling, and a dispute is heard in Seychelles rather than by an ombudsman at home. That is the trade a high-leverage offshore account makes, and it is worth making knowingly.

Several firms here run both models. Alchemy Markets, the highest-scoring entry at 66.2, also appears against MFSA and FCA records, and taurex, which opened in 2017, holds an FCA entry alongside its Seychelles one. Others are Seychelles-first: JustMarkets, trading since 2012, records a maximum leverage of 1:3000, while M4Markets pairs its FSA entry with CySEC and DFSA records. Where a group holds several licences, the entity named on your client agreement decides which rulebook applies, and it is rarely the one on the homepage.

Checks worth making before you deposit

• Look the licence number up on the regulator's own register at https://fsaseychelles.sc and confirm it is a securities dealer licence.
• Read the entity name on the client agreement and check it matches the licensed company, not a similarly named group member.
• Where a broker also shows an FCA entry, search https://register.fca.org.uk and see whether the permission covers what you are being sold.
• Treat a status label on a card as a reason to read further, not as a verdict.

What this page cannot tell you: spreads, commissions, execution quality, withdrawal times, or whether a given firm will accept you as a client. We hold none of that.