FSS Regulated Forex Brokers

Thirteen brokers in the WIKILIX database hold a licence recorded against the Financial Supervisory Service (FSS), South Korea's integrated financial supervisor. This page lists all thirteen, ranked by WIKILIX score, and the first number is worth reading carefully: only three of them are actually headquartered in South Korea.

The rest sit elsewhere. Two are in the United Kingdom, two in the United States, one in Japan, and four are registered offshore in Saint Lucia and Comoros. That gap between where a firm is licensed and where it is based is the most useful thing this list can tell you, and it is why an FSS tag on one broker card does not mean the same thing as an FSS tag on the next.

What an FSS record covers, and what it does not

The FSS operates under the Financial Services Commission and supervises banks and securities houses rather than issuing retail forex licences the way the FCA or ASIC do. That shows in the list. The highest-scoring entry, KEB Hana Bank (score 74.7, opened 1971), is a major Korean bank, and WIKILIX records its status as noRegulation. TrueFriend, the trading name of Korea Investment and Securities, opened in 2003 and carries six regulators in our records: the FSS alongside FINRA, the FCA, Hong Kong's SFC, Singapore's MAS and an FSA licence. TP ICAP (listed as ICAP, opened 1999) is a London interdealer broker holding the FSS and the FCA. None of these three is the retail CFD shop a forex search usually has in mind.

At the other end sit the newer arrivals. TROYMARKET, registered in Saint Lucia and opened in April 2025, records a maximum leverage of 1:1000, and three more offshore firms record 1:500. Those four are the only entries here quoting leverage a retail trader would recognise, and every one of them is an offshore-domiciled name rather than a Korean or UK institution.

How this list breaks down

• Scores run from 29.6 to 74.7, with a median of 41.9.
• Age: eight of the thirteen opened before 2010, the oldest in 1971, while four opened in 2024 or 2025.
• Other licences: five hold at least one tier-1 licence such as the FCA or FINRA; the remaining eight hold the FSS record and nothing else.
• Home country: three in South Korea, three in Saint Lucia, two each in the UK and US, one in Japan, one in Comoros, and one unrecorded.
• Status: ten carry a clean regulation label, and three, including Hana Bank, are flagged noRegulation.

Before you read an FSS tag as protection

An FSS entry in our database is a starting point for a check, not the end of one. A few things are worth doing yourself:

• Work out which legal entity you would be contracting with. A Saint Lucia company quoting a Korean supervisor is not the same counterparty as a Seoul securities firm.
• Confirm the record on the FSS's own website before you treat it as current, since our data reflects what was recorded here as of today.
• Check whether the FSS entry covers the product you want to trade, because supervising a bank is not the same as authorising retail forex.
• Read a 1:1000 leverage offer from a newly registered offshore firm as the risk signal it is.

The WIKILIX score is our own composite figure, used here only to order the list. It is not issued by the FSS and it is not a safety guarantee. Where a firm holds licences from several authorities, the stronger records tend to lift it, which is why the multi-regulated institutions sit above the single-licence offshore names.