Best FSA (Seychelles) Regulated Forex Brokers for 2024
Traders looking for a safe online experience would find it beneficial to invest funds with an FSA Regulated Forex Broker. The Financial Services Authority (FSA) of the Seychelles is a respectable authority which sets out clear regulatory and compliance guidelines that Brokers must follow. It means that there is accountability and greater fund protection should any problem arise.
The FSA was established in 2013 and has emerged as a well-known, autonomous regulatory body responsible for non-bank financial services in the Seychelles, Africa’s smallest country. It currently counts many Forex Brokers among its list of FSA regulated brokers and conducts all the necessary oversight measures expected of a recognised financial regulator.
After an extensive research and review process, our FX Trust Score team has hand-picked a toplist of five Best FSA Regulated Forex Brokers for 2024, who met key criteria and performed well across-the-board. Take a look.
Overview of FSA Regulated Forex Brokers
Broker Name: Exness
Established: 2008
Seychelles Office: Mahe
Minimum Deposit: $10
Copy Trading: Yes
Negative Balance Protection: Yes
Pros & Cons
✅ Low minimum deposit
✅ Strong fund security
❌ Above average leverage
Broker Name: Admirals
Established: 2001
Seychelles Office: Mahe
Minimum Deposit: $100
Copy Trading: Yes
Negative Balance Protection: Yes
Pros & Cons
✅ Diverse range of account types
✅ Excellent educational resources
❌ High minimum deposit
Broker Name: Tickmill
Established: 2014
Seychelles Office: Mahe
Minimum Deposit: $100
Copy Trading: Yes
Negative Balance Protection: Yes
Pros & Cons
✅ Extensive educational resources
✅ Very competitive trading conditions
❌ High minimum deposit
Broker Name: HF Markets
Established: 2010
Seychelles Office: Mahe
Minimum Deposit: $5
Copy Trading: Yes
Negative Balance Protection: Yes
Pros & Cons
✅ Proprietary copy trading platform
✅ Varied educational material
❌ Above average fees
Broker Name: eToro
Established: 2007
Seychelles Office: Mahe
Minimum Deposit: $50
Copy Trading: Yes
Negative Balance Protection: Yes
Pros & Cons
✅ Good range of trading instruments
✅ Innovative copy trading features
❌ No MT4 or MT5
FX Trust Score Comparison of FSA Regulated Forex Brokers
| Broker | FSA Regulation | Seychelles Office | Trading Platforms | Average EUR/USD Spread | Customer Support |
| Exness | Licence number: SD025 | Office 107, 1st Floor, Waterside Property Ltd, Eden Island, Mahe | MT4, MT5, Exness Terminal | 0.6 pips | 24/7 |
| Admirals | Licence number: SD073 | Suite 202, Second Floor, Waterside Property, Eden Island, Mahe | MT4, MT5, Admirals Platform | 0.8 pips | 24/5 |
| Tickmill | Licence number: SD008 | Office 3, F28-F29, Eden Plaza, Eden Island, Mahe | MT4, MT5 | 0.1 pips | 24/5 |
| HF Markets | Licence number: SD015 | Room S203A, Second Floor, Orion Complex, Victoria, Mahe | HFCopy, MT4, MT5 | 1.4 pips | 24/5 |
| eToro | Licence number: SD076 | eToro Suites, S45 2nd Floor, Espace Building, Victoria, Mahe | eToro Platform | 1.0 pips | 24/5 |
The FXTS Verdict – Which are the Best FSA Regulated Forex Brokers?
This educational article was designed to collate together the best FSA Seychelles regulated brokers for 2024 as part of one handy guide, so that traders can better establish which FSA regulated brokers are the most suitable choice for them. It analysed a range of important factors like platform offering, registered offices, customer support availability, and more.
Overall, Exness and Admirals scored highly for their low average EUR/USD spreads and wide selection of account types, with Exness having the edge thanks to its 24/7 customer support service. Honourable mentions go to Tickmill for its competitive trading conditions, including extremely low spreads, and HF Markets, which presents an innovative and unique HFCopy trading platform. In conclusion, each of the FSA Seychelles regulated brokers listed above can be classed as a reliable choice for traders of all backgrounds.
FAQs
Look for brokers that offer advanced trading platforms, low spreads and commissions, high leverage options, and a wide range of currency pairs. Excellent customer service, comprehensive educational resources, and solid security measures are also very important. Additionally, ensure that the broker is regulated by reputable authorities like the FCA, ASIC, or CySEC.
Technological innovation is crucial. The best brokers should offer platforms featuring fast execution, real-time access to market data, and tools that allow for automated trading. Mobile trading capabilities and integration with third-party tools and platforms are also important for traders on the go.
Regulation is paramount as it ensures the broker adheres to specific operational standards and offers trader protection measures such as segregated client accounts and participation in compensation schemes. Always choose a broker regulated in a jurisdiction with a strong regulatory framework.
Expect innovative features like enhanced AI capabilities for market analysis, improved risk management tools, and more personalised customer support through AI chatbots. Brokers might also offer increased integration with social trading platforms and blockchain technology for greater transparency in transactions.
The best maintained educational sections tend to feature a wealth of useful resources, including webinars, e-books, and interactive courses. Having a comprehensive range of educational material can significantly affect a broker’s appeal, particularly for new traders. Additionally, responsive and knowledgeable customer support, particularly if it is offered 24/7, can greatly enhance the trading experience.
It’s crucial to understand the fee structure, including spreads, commissions, and potential account maintenance or inactivity fees. Brokers should offer clear transparency about their pricing models and ensure that traders can execute trades without excessive costs.
