LFSA Regulated Forex Brokers (Labuan FSA)

Twenty-five brokers in the WIKILIX database hold a Labuan Financial Services Authority (LFSA) money-broking licence and carry a clean regulation status label. They come from 37 firms whose records list a Labuan licence; the other 12 are flagged and explained lower down, not ranked here. The order below is the WIKILIX score, highest first.

The set splits into two very different groups. At the top sit global institutions whose Labuan arm is one licence among many. Amana Capital leads on 67.4 and holds seven authorities including the FCA and Dubai's DFSA, HSBC follows on 67.2 with a record dated to 1865, and J.P. Morgan carries the oldest opening date on the page, recorded as 1799. Below them are smaller specialist brokers for which Labuan is the whole regulatory footprint. Eight of the 25 hold an LFSA licence and nothing else.

What a Labuan money-broking licence covers

Labuan FSA supervises firms operating from the Labuan International Business and Financial Centre, a mid-shore jurisdiction that is part of Malaysia but taxed and regulated separately. A money-broking permission there sets rules on the firm's capital and on how it holds client money, and WIKILIX classes it as a tier-3 authority: real oversight, lighter than a tier-1 register such as the FCA or ASIC. The licence says a named entity answers to Labuan FSA. It does not rank a broker's pricing or execution, and it is no promise about any other company in the same group.

This page is one stored query rather than a hand-kept article. A firm qualifies when its record contains an LFSA licence and its WIKILIX status label reads regulation. Sorting is by score, descending, and nothing is placed by hand. Scores here run from 24.5 up to 67.4, with a median of 36.5. That is well below a tier-1 page and reflects how many of these are small, young brokerages: 10 of the 25 opened before 2010, but several were registered after 2020.

Who holds a Labuan licence but is not here

Twelve further brokers carry an LFSA record and are removed by the status filter. Six are labelled suspiciousClone, among them Deriv and Binary.com; four read noRegulation, and one, MINTCFD, is marked offshore with a score of 4. Those are WIKILIX's own recorded labels rather than findings by Labuan FSA, and they are why the page shows 25 rather than 37. If you expected a broker that markets a Labuan licence and cannot find it here, its status label is the reason.

Leverage, and the entity you actually sign with

Labuan FSA caps retail forex leverage at 1:100. Several entities on this page record far more. XS and XSTrades both show 1:2000, and J.P. Morgan, D prime and FOREXer show 1:1000. The figure on each card is the group's maximum, usually offered through an offshore arm rather than the Labuan company, so the number you see is not necessarily the number the Labuan licence permits. Seventeen of the 25 hold at least two regulators, which is exactly why the entity you contract with matters more than the longest name on the card.

Before you open an account

• Find the specific company on the Labuan FSA money brokers directory and confirm the permission is money-broking, not a dormant or advisory entry.
• Check which legal entity your client agreement names. On the multi-licensed groups it is often not the Labuan company.
• Treat any leverage above 1:100 as a sign you are being onboarded to a non-Labuan arm, and read which regulator that arm answers to.
• For the eight brokers holding an LFSA licence alone, remember Labuan is your only line of recourse if something goes wrong.

Licence records move. Treat every entry as the WIKILIX record on the day you read it, and confirm any licence on Labuan FSA's own register before you deposit.