The International Financial Services Commission is the main regulator of the financial markets of Belize. To obtain a Belize IFSC Forex license to conduct international currency transactions, IFSC Forex brokers must apply and contribute $100,000. At the same time, the brokers often opt for a usual broker certificate, which is only $25,000. The companies regulated by the International Financial Services Commission of Belize include the popular ones – NordFX, Forex-Metal, and FBS. These and other brokers are included in this table.
IFSC Regulated Forex brokers Belize
- Withdraw fee1%
- Deposit fee$0
- Max Leverage1:2000
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:1000
- Withdraw fee$0
- Deposit fee$0
- Max Leverage1:888
- Withdraw fee$0
- Deposit fee$10
- Max Leverage1:2000
What else do you need to know about IFSC?
It is important to emphasize that the IFSC operation is monitored by the Belize Ministry of Securities. In addition to licensing the regulated companies and control over their activities, the IFSC regulator has developed a special code of conduct aimed at improving the quality of financial services. To date, there are no examples that would indicate that IFSC Forex brokers fell under the penalties. This is primarily due to a small number of companies with a real Belize IFSC Forex license from this commission.
Many mediators declare the presence of permissive documents from this organization. Therefore, the IFSC website regularly publishes an updated list of such fraud brokers illegally working on the Forex market. At the same time, the International Financial Services Commission repeatedly withdrew the license issued to the IFSC Forex-regulated companies because of documented violations in their work on Forex. It is safe to say that the IFSC regulator takes a very responsible approach to its activities, as evidenced by the positive feedback from traders around the world. All the best IFSC Forex brokers were included in this rating from TopBrokers.com.