FSC

What is FSC?

FSC stands for the Financial Services Commission. It is the regulatory authority responsible for overseeing and regulating the financial services industry, including forex brokers, in various jurisdictions such as Mauritius, Seychelles, and Gibraltar.

What is the role of FSC in regulating forex brokers?

The role of FSC in regulating forex brokers is to ensure the integrity, stability, and transparency of the financial markets. FSC establishes and enforces regulations and guidelines that forex brokers must adhere to, promoting investor protection, fair trading practices, and compliance with anti-money laundering measures.

What does FSC regulation require from forex brokers?

FSC regulation requires forex brokers to obtain a license from the Financial Services Commission to operate legally within the jurisdiction. Brokers must meet specific criteria, including capital requirements, risk management frameworks, client fund segregation, compliance reporting, and adherence to regulatory standards.

How can I verify if a forex broker is FSC regulated?

To verify if a forex broker is FSC regulated, you can visit the official website of the respective FSC in the relevant jurisdiction. The website usually provides a register or a list of licensed entities where you can search for regulated forex brokers.