IFSC Regulated Forex Brokers


The International Financial Services Commission (IFSC) is a government agency responsible for financial regulation in Belize. Since founded in 1999, IFSC is responsible for regulating all the brokerage firms, businesses, and organizations involved in financial markets and investment services.

In addition to regulating any financial services, IFSC is also responsible for providing a user-friendly market environment for both Belizian and offshore investors. They supervise the licensed Investment Services, Financial Advisors, Fund Management Companies and Investment Schemes providers, as well as grant licenses to the Investment firms and other monetary entities. IFSC also manages preventative and disciplinary measures to the IFSC authorized firms in case of financial misconduct.

Broker Regulation Max Leverage Min Deposit General Rating
24option
Albania
2009
IFSC (Belize) 000319/38
1:400 $100 Review
TryMarkets
United Arab Emirates
2012
IFSC (Belize), FSC/60/337/TS/17
1:500 $500 Review
FBS
China
2009
ASIC 426359
CySEC, 331/17
IFSC (Belize), IFSC/60/230/TS/12
1:3000 $1 Review
FxNet
United Arab Emirates
2012
CySEC 182/12
IFSC (Belize), 130266
1:500 $50 Review
RoboForex
Belize
2009
IFSC (Belize), 000138/210
1:2000 $10 Review
Axiory
Belize
2011
IFSC (Belize), 000122/15
1:777 $50 Review
XTB
Austria
2002
CNMV (Spain) 40
Czech National Bank, 56720
DFSA (Dubai), 4365
FCA (UK), 522157
FSA (Poland), 0000217580
IFSC (Belize), IFSC/60/413/TS/19
ESMA
1:30 $1 Review
CPT Markets
Belize
2008
FCA (UK) 606110
IFSC (Belize), IFSC/60/430/18(33)h
1:500 $500 Review
NatureForex
Belize
2011
IFSC (Belize), IFSC/60/214/TS/12
1:1000 $20 Review
Weltrade
Belarus
2006
IFSC (Belize), IFSC/60/350/TS/15-16
1:500 $25 Review
TenkoFX
Belize
2011
IFSC (Belize), IFSC/60/349/TS/15
1:500 $10 Review
Forexite
British Virgin Islands
1999
IFSC (Belize), 142/168
1:100 $1 Review
FX Choice
Belize
2010
IFSC (Belize), IFSC/60/191/TS/15
1:200 $100 Review
SuperForex
Belize
2013
IFSC (Belize), IFSC/60/292/TS/14
1:1000 $1 Review
Xtrade
Cyprus
2010
ASIC, 342628
CySEC, 108/10
IFSC (Belize), IFSC/60/383/TS/15
NAFD (Russia) A
1:400 $100 Review
Fort Financial Services
China
2010
IFSC (Belize), IFSC/60/256/TS/14
1:1000 $5 Review
Anzo Capital
Australia
2015
ASIC, AFSL 514425
FSA (St. Vincent & the Grenadines) 308 LLC 2020
IFSC (Belize), 000331/48
1:1000 $100 Review
TradeATF
Belize
2013
IFSC (Belize), 60/322/TS/19
1:500 $100 Review
Investous
Belize
2018
IFSC (Belize), 000349/122
1:500 $250 Review



FAQ

What does IFSC regulated mean?

Being regulated by IFSC (International Financial Services Commission) means operating under the standards of a Belize financial regulator. As an investor-friendly region, Belize has a strict privacy laws and a zero tax structure for overseas income that makes it a great destination for companies to enjoy a good business environment. The IFSC was then established as an agency to supervise financial services providers in line with the frameworks by the Belize Government.


What are IFSC rules?

  • Forex brokers under the IFSC Belize are required to hold a minimum operating capital of $100,000 (recently increased to $500,000). It is tremendously low compared to other modern regulatory standards.
  • The IFSC expects its members to seperate all client funds in segregated accounts to help protect traders and investors against brokers misuse.
  • Regulated IFSC brokers are expected to to provide audit reports and financial statements. Still, it hasn't been considered as comprehensive as those required by more trusted agencies like FCA, ASIC, or even CySEC yet.
  • All brokers are encouraged to cater to clients' demands and should be capable of resolving disputes through dialogues and mutual collaborations.

What is the main purpose of IFSC?

To oversee the operations of forex brokers based in Belize. Their areas of work include:

  • Promoting, protecting, and enhancing Belize as a centre for international financial services.
  • Regulating the arrangements for international financial services.
  • Be responsible for the supervision and control of Licensed Investment Services Companies, investment consultants, and mutual fund management companies.
  • Issuing licences to all participants in the financial market including brokers, brokerage firms, and other financial services providers.
  • Imposing administrative sanctions or disciplinary penalties to any financial providers found to be breaking the regulations.

What are the powers of IFSC?

Although its general effectiveness as an offshore regulatory body is considered dubious, the IFSC Belize has the power to weed out broker scams and suspicious financial entities operating under false claims. To ensure the effort, the agency can release notices, press releases, public warnings, and other information through its official platform to alert traders against companies that falsely claim to be regulated under the IFSC.

If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.



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