FSC Regulated Brokers: All 81 With a Clean Status Label

Eighty-one brokers in the WIKILIX database hold a licence from the Financial Services Commission (FSC) and carry a clean status label. They come from 193 entries recorded under this FSC licence, so 112 of the total sit under a different label instead: scam, suspiciousClone, offshore or another warning. The FSC recorded here is an offshore, tier-3 authority, which makes this page as much about what the licence does not guarantee as about who holds it.

Score sets the order. The top entry is MC900 (Magic Compass) at 77.5, which also carries CySEC, SFC and FSA licences; the lowest clean entry, Banxso, sits at 11.0. The median across all 81 is 37.2, a low midpoint that reflects how many thinly documented firms an offshore register collects. Sixteen opened before 2010, and the oldest recorded entry, Standard Bank, dates to 1862, since the FSC licence attaches to banks and exchanges as well as retail brokers.

An FSC licence rarely travels alone

The most useful pattern in this list is how often the FSC entry sits beside a stronger one. Fifty-three of the 81 hold authorisations from two or more regulators, and 27 pair the FSC licence with a top-tier FCA or ASIC authorisation. Finalto (Finalto Trading Ltd) holds ASIC, FCA, FSC and CySEC and caps leverage at 1:30. ATFX (AT Global Markets) stacks eight licences including the FCA and ASIC. For these groups the FSC arm is the offshore entity that onboards the clients a tier-1 licence will not.

• 53 of 81 hold two or more regulatory licences.
• 27 of 81 also hold an FCA or ASIC authorisation.
• 22 of 81 advertise maximum leverage of 1:1000 or higher, reaching 1:5000 at FIBOGROUP.
• 13 of 81 are headquartered in Mauritius, the single largest domicile, with others in Saint Vincent, Belize and Seychelles.

What an offshore tier-3 licence buys, and what it leaves out

A tier-3 offshore regulator sets a licensing bar and collects fees, and it can strike a firm off its register. It does not run the compensation schemes or the leverage caps a trader used to the FCA or ASIC might assume. The leverage column shows the gap plainly: 22 of these brokers offer 1:1000 or more, which no tier-1 regulator permits. SuperForex (Finateqs Corp), out of Belize, lists nine licences and 1:1000, while FIBOGROUP, on an FSC licence alone since 1998, lists 1:5000. Where a broker also answers to the FCA or ASIC, the stricter cap tends to win, which is why Finalto shows 1:30 under the same FSC entry.

How this list was built

Every broker here comes from one query: an FSC licence in the WIKILIX database plus a clean status label, ordered by score. It refreshes itself as records change, so a broker that picks up a warning flag drops off without an edit. The list does not tell you which national FSC issued each licence, because the name Financial Services Commission is shared by Mauritius, the British Virgin Islands and others, and WIKILIX records this entry as one offshore authority. It also holds no spreads, deposit methods or client-acceptance rules. Confirm any licence on the issuing commission's own register before you deposit.