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IFSC Forex Brokers

IFSC is an acronym that stands for The International Financial Service Commission. Belize has for a long time been known to be an offshore haven that didn’t offer ‘too much restriction’ to foreign brokerage firms who wanted to make a killing. However, this changed recently when IFSC increased licensing fees and minimum capital requirements, therefore, making it hard for rogue brokers to enter the markets. Some are of the opinion that the new requirements were too harsh but this was a necessary move to make sure that the authority of the IFSC is respected.

IFSC Responsibilities

IFSC is responsible for creating, amending and implementing policies that are meant to regulate the activities and operations of financial service providers. By doing this, it creates a reliable and transparent market for all participants both from Belize and also from the international market. It also issues licenses based on applications that are presented to it by firms that are interested in carrying out financial business in Belize. This means that they also collect all fees related to acquisition and renewal of licenses. One of the most important goals for it to achieve is to ensure that growth of financial services is promoted and this, in turn, stimulates overall growth of the Belize economy.

IFSC is also responsible for collecting information about the market (including its participants) and creating periodic reports to submit to the government. This not only ensures that the financial service providers are regulated but also makes sure that the operations of IFSC are kept in check.

FXTM
FBS
Regulated – CySEC, IFSC
Leverage – 1:3000
Min. Deposit – $5
Country – Marshall Islands
Regulated – FCA, CySEC, FSC
Leverage – 1:1000
Min. Deposit – $10
Country – Cyprus
Regulated – ASiC, BVI, FSA(JP), FSB, MiFID
Leverage – 1:400
Min. Deposit – $100
Country – Ireland
Regulated – IFSC
Leverage – 1:3000
Min. Deposit – $1
Country – Ireland
Regulated – IFSC
Leverage – 1:400
Min. Deposit – $500
Country – United Kingdom
Regulated – IFSC
Leverage – 1:1000
Min. Deposit – $1
Country – Belize