Best FSA Seychelles regulated forex brokers in 2023

Over the course of the past decade, the Financial Services Authority of Seychelles has become a trusted jurisdiction for forex brokers. Our trading experts have reviewed and selected the best FSA regulated forex brokers and this guide explains how to start using one. To get more news about fsa regulated forex brokers, you can visit wikifx.com official website.

What are the best brokers regulated by FSA Seychelles?
You can find our expert selections below. Each one is FSA regulated and you can register an account in just a few minutes by clicking on the links. Alternatively, keep scrolling f you want to learn more about each platform.
We love eToro because it’s an easy place to trade the currency markets. Forex can be intimidating, but eToro strips back the complexity to give you a platform where you can trade 50+ currencies at competitive prices and with up to 30x leverage.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see how all the major and minor forex pairs are performing every day, track how investors feel about every one of those currencies, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: eToro charges a fee on currency CFD trades through the spread. Spreads are variable depending on the currency and start from 1 pip for EUR/USD trades, 1.5 pips for EUR/GBP, and 2 pips for GBP/USD. Overnight and weekend fees apply.
We love Exness because it offers tight spread trading and a bespoke trading experience. Exness offers including 100+ forex pairs, including all major and minor pairs alongside a large range of exotic pairs.

Exness offers a great range of pro-style trading tools and a variety of account types to suit all experience levels. Beginners can take advantage of a free demo account or micro-lots for low minimum trades, while more experienced traders can use the Exness terminal or plug it into the MetaTrader software and trade from there.

The fees: Standard accounts aren’t charged a commission but are charged through the spread. Spreads start from 1 pip on major forex pairs. Overnight fees apply on some assets (exc. swap-free accounts).
We love Oanda because its user-friendly trading platform has been built for reliability and speed. Oanda is a CFD broker where you can trade over 70 forex markets, including majors and minors. The platform is suitable for all levels of experience, has powerful analysis tools and a wide selection of educational videos.

Oanda is an award-winning broker and integrates with both the Metatrader4 and TradingView platforms. That’s in addition to its fully customisable proprietary mobile and desktop app. Oanda has been operating for over 25 years and holds regulatory licences in the UK, Europe, Asia, and Australia.

The fees: Oanda does not charge any commissions on trading. It makes it money from the Bid/Ask spread which starts at 0.7 pips. Swap charges are applied for keeping positions open overnight and vary depending on size. There is also an admin fee for swap charges starting at 1%. A £10 fee is applied to accounts inactive for 12 months.
What is a Seychelles FSA regulated broker?
It’s a forex broker that operates under Seychelles’ Financial Services Authority (FSA) regulation. The FSA is a government body responsible for regulating the financial services sector in the country, ensuring that the companies operating in the market adhere to strict standards of conduct, financial stability and security.

Benefits of using an FSA regulated forex broker
The FSA Seychelles covers all financial services providers operating in the country, including forex brokers. The main objective of the FSA is to ensure the stability, efficiency, and integrity of the financial services sector in Seychelles.

To achieve this, it has set several rules and regulations that oversee the financial services sector in the Seychelles.

How to Check FSA Regulation
To check if the FSA Seychelles regulates a Forex broker, you should visit the broker’s website and look for information on their regulatory license. This information is usually available on the broker’s “About Us” page or at the footer of their website homepage. The broker should provide their regulatory license number, which you can cross-reference with the official FSA website.

To cross-reference the regulatory license, go to the FSA Seychelles website and look for a section on Licensed Providers. You can search for the broker by name or license number and confirm if the FSA regulates them. The FSA maintains an up-to-date and comprehensive list of licensed providers.