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BlogBest FSA Regulated Forex Brokers 2026
Compare the top forex brokers regulated by the Financial Services Authority (Seychelles). Verified licenses and deep liquidity.
Written by
James Wilson
Fact Checked by
Edith Balazs
Why Choose FSA Regulated Brokers?
The FSA in Seychelles is a popular offshore tier-3 regulator. It allows brokers massive flexibility, meaning clients can access high leverage, aggressive bonuses, and crypto funding, though clients must acknowledge the lack of regulatory recourse in disputes.
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What is the FSA (Financial Services Authority)?
Financial Services Authority is the financial regulatory body in Seychelles. It is considered a Tier 3 regulator, meaning it provides strong oversight and client protection.
Quick Picks
Trading Conditions
Compare deposits, leverage, and spreads across these regulated brokers.
| Broker | Action | ||
|---|---|---|---|
| Exness | $1 | 1:Unlimited | Open Account |
| XM | $5 | 1:1000 | Open Account |
| AvaTrade | $100 | 1:400 (Pro) | 1:30 (Retail) | Open Account |
| BlackBull Markets | $0 | 1:500 | Open Account |
| IQ Option | $10 | 1:500 (Global) | 1:30 (EU) | Open Account |
| HFM | $0 | 1:2000 (Global) | 1:30 (EU) | Open Account |
| Axi | $0 | 1:500 | Open Account |
| ThinkMarkets | $0 | 1:500 | Open Account |
| HYCM | $100 | 1:30 (Retail) | 1:400 (Pro) | Open Account |
| Pepperstone | $0 (Recommended $200) | 1:500 (Pro) | 1:30 (Retail) | Open Account |
| Tickmill | $100 | 1:500 (Pro) | 1:30 (Retail) | Open Account |
| FP Markets | $100 | 1:500 | Open Account |
| IC Markets | $200 | 1:500 | Open Account |
| Saxo Bank | $2,000 | 1:30 (Retail) | 1:66 (Pro) | Open Account |
| Swissquote | $1,000 | 1:30 (Retail) | 1:100 (Pro) | Open Account |
| Admiral Markets | $25 | 1:30 (Retail) | 1:500 (Pro) | Open Account |
| Trade Nation | $0 | 1:30 (Retail) | 1:200 (Pro) | Open Account |
| OctaFX | $25 | 1:500 | Open Account |
| Deriv | $5 | 1:1000 | Open Account |
Detailed Broker Analysis
FSA-regulated low-cost traders, high-volume day traders & scalpers.
Founded in 2008 and headquartered in Cyprus, Exness is a highly rated broker offering 100+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Industry-leading withdrawal speed (instant/seconds)
- Exceptional transparency with public financial reports
- Massive liquidity - $4.5+ trillion monthly volume
- No inactivity, deposit, or withdrawal fees
Cons
- Not available to EU retail clients, US, UK, Canada, Australia
- Retail clients routed to offshore entities for leverage
- Customer support can be busy during peak times
- Limited stock CFD selection compared to competitors
FSA-regulated advanced traders, automated trading & tradingview enthusiasts.
Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone is a highly rated broker offering 60+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Regulated by 7 jurisdictions including 4 Tier-1
- Ultra-tight raw spreads on Razor (avg 0.1 pips EUR/USD)
- Fast execution - ideal for scalpers/EAs
- MT4, MT5, cTrader, TradingView support
Cons
- Standard account spreads wider than Razor
- Commission varies by platform
- No proprietary mobile app
- Research less extensive than IG
FSA-regulated beginners, education-focused traders & low deposit users.
Founded in 2009 and headquartered in Cyprus, XM is a highly rated broker offering 55+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Very low $5 minimum deposit
- Multiple account types for all levels
- Excellent educational resources (industry-leading)
- Fast execution with no-requotes policy
Cons
- Not publicly traded - less financial transparency
- No cryptocurrency trading (regulated entities)
- Inactivity fee after 90 days ($15/month then $5/month)
- Standard account spreads wider than competitors
FSA-regulated scalpers, ea traders & low-latency algorithmic trading.
Founded in 2007 and headquartered in Sydney, Australia, IC Markets is a highly rated broker offering 61 forex pairs. They are regulated by FSA providing strong client safety.
Pros
- ASIC and CySEC Tier-1 regulation
- Ultra-tight raw spreads from 0.0 pips
- Excellent for scalping and EAs
- Low latency execution (Equinix)
Cons
- $200 minimum deposit
- Limited educational resources
- Research tools could be expanded
- No FSCS protection
FSA-regulated high-net-worth investors & multi-asset traders.
Founded in 1992 and headquartered in Copenhagen, Denmark, Saxo Bank is a highly rated broker offering 185+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Licensed bank with investment-grade rating
- Regulated by multiple Tier-1 authorities
- Massive 70,000+ instrument selection
- Professional-grade platforms
Cons
- Higher minimum for premium tiers
- More expensive for small traders
- Complex platform for beginners
FSA-regulated bonus hunters, high leverage users & versatile traders.
Founded in 2010 and headquartered in Cyprus, HFM is a highly rated broker offering 50+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Strong multi-regulator oversight (FCA, CySEC, FSCA)
- Excellent account variety for all trader levels
- Outstanding local payment methods (Africa/Asia)
- Low minimum deposit ($0-$5 on most accounts)
Cons
- US clients not accepted
- Inactivity fee after 6 months ($5/month)
- Leverage caps apply in EU/UK jurisdictions
- Some features limited by regulatory entity
FSA-regulated scalpers, day traders & low-commission professionals.
Founded in 2014 and headquartered in London, UK, Tickmill is a highly rated broker offering 62 forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Very low trading costs
- Fast execution speeds
- Allowed for all strategies
- Strong regulation
Cons
- Limited non-forex product range
- No crypto for UK clients
FSA-regulated ecn traders, scalpers & australian clients.
Founded in 2005 and headquartered in Sydney, Australia, FP Markets is a highly rated broker offering 70+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- ASIC and CySEC Tier-1 regulation
- Raw spreads from 0.0 pips
- 10,000+ instruments available
- Excellent platform variety (MT4/MT5/cTrader/Iress/TradingView)
Cons
- Iress platform requires $1,000 minimum
- Limited cryptocurrency selection
- Demo account expires after 30 days
- Iress monthly fee (waivable)
FSA-regulated beginners, copy traders & options enthusiasts.
Founded in 2006 and headquartered in Dublin, Ireland, AvaTrade is a highly rated broker offering 55+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- One of the most regulated brokers globally (9 licenses)
- Commission-free trading model
- Fixed spreads - predictable costs
- Unique AvaProtect risk management tool
Cons
- Fixed spreads are wider than ECN/Raw spread brokers
- Higher inactivity fee ($50/quarter after 3 months)
- No ECN or raw spread account option
- Cryptocurrency spreads can be high
FSA-regulated swiss banking clients & high-net-worth individuals.
Founded in 1996 and headquartered in Gland, Switzerland, Swissquote is a highly rated broker offering 80+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Maximum safety (Swiss Bank)
- Huge product range (3M+)
- Banking integrated
Cons
- High fees
- Higher minimum deposit
FSA-regulated educational learners & metatrader power users.
Founded in 2001 and headquartered in Tallinn, Estonia, Admiral Markets is a highly rated broker offering 50+ forex pairs. They are regulated by FSA providing strong client safety.
FSA-regulated ecn traders & new zealand-based clients.
Founded in 2014 and headquartered in Auckland, New Zealand, BlackBull Markets is a highly rated broker offering 70+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- FMA Tier-1 regulation (New Zealand)
- 26,000+ instruments via BlackBull Shares
- Excellent ECN execution (<75ms latency)
- Direct TradingView integration
Cons
- $5 flat withdrawal fee on all methods
- ECN Institutional requires $20,000 minimum
- Limited cryptocurrency selection
- No FSCS or ICF investor compensation
FSA-regulated mobile-first traders & those seeking a proprietary app.
Founded in 2010 and headquartered in Melbourne, Australia, ThinkMarkets is a highly rated broker offering 40+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Award-winning ThinkTrader mobile app
- Strong multi-regulatory oversight (8 regulators)
- $1M insurance protection beyond standard coverage
- Raw spreads from 0.0 pips on ThinkZero
Cons
- Standard account spreads average compared to competitors
- ThinkZero requires $500 minimum deposit
- Not publicly traded
- Limited cryptocurrency leverage (2:1 in regulated regions)
FSA-regulated scalpers, copy traders & australian ecn clients.
Founded in 2007 and headquartered in Sydney, Australia, Axi is a highly rated broker offering 70+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- No minimum deposit on Standard and Pro accounts
- Strong ASIC and FCA regulation
- Competitive raw spreads from 0.0 pips
- Axi Select capital allocation program
Cons
- Inactivity fee after 12 months ($10/month)
- Elite account requires $25,000 minimum
- Limited stock CFD selection compared to competitors
- No ETFs available
FSA-regulated beginners seeking fixed spreads & uk spread bettors.
Founded in 2014 and headquartered in London, UK, Trade Nation is a highly rated broker offering 30+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Transparency
- Tight fixed spreads (0.6)
- Excellent customer vibe
Cons
- No MT5
- Limited advanced tools
FSA-regulated southeast asian & indonesian traders.
Founded in 2011 and headquartered in Saint Vincent & the Grenadines, OctaFX is a highly rated broker offering 35+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Swap-free on all accounts
- Excellent mobile app
- Great copy trading community
Cons
- Limited instrument range (cfd only)
- Offshore focus
FSA-regulated experienced traders seeking long-established regulated broker.
Founded in 1977 and headquartered in London, UK, HYCM is a highly rated broker offering 40+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Decades of stability
- Fixed spreads available
- Good educational webinars
Cons
- High inactivity fee ($10/mo)
- Raw spread commission high ($4/side)
FSA-regulated synthetic indices traders & digital options users.
Founded in 1999 and headquartered in Cyberjaya, Malaysia, Deriv is a highly rated broker offering 30+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- 24/7 Trading on Synthetics
- Low spreads
- Innovative platforms
Cons
- Limited regulatory protection for some regions
- Complicated product structure
FSA-regulated options traders, beginners & mobile-first traders.
Founded in 2013 and headquartered in Cyprus, IQ Option is a highly rated broker offering 30+ forex pairs. They are regulated by FSA providing strong client safety.
Pros
- Industry-leading platform design
- $10 minimum deposit
- 100+ million users
- 24/7 trading available
Cons
- No MT4/MT5 support
- Digital options not available in EU/EEA/UK
- Lower trust than Tier-1 only brokers
- Inactivity fee after 90 days
Frequently Asked Questions
Top FSA Regulated Forex Brokers
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January 2026