Top 5 Best FSA Regulated Forex Brokers 2025

The Financial Services Authority of Seychelles is a top choice for traders looking for an offshore regulated forex broker. This guide picks the best FSA regulated forex brokers.
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Updated on Apr 15, 2025
Reading time 8 minutes

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. 

Best FSA FX brokers overall

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  1. eToro: Best for beginners, copy-trading & demo-account
  2. Plus500: Best for international trading*

What are the best brokers regulated by FSA Seychelles?

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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 found 3 forex brokers for users based in

eToro review
4.6
eToro
Min. Deposit $100
Fees 1%
No. assets 3600+
Demo account Yes

eToro review

Crypto investments are risky and highly volatile. Tax may apply. Understand the risks here https://etoro.tw/3PI44nZ.

Plus500 review
4.5
Plus500
Min. Deposit $100
Fees From 2%
No. assets 2800+
Demo account Yes

Plus500 review

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

Best FSA regulated forex brokers
Min. Deposit n/a
Fees -
No. assets n/a
Demo account -

Top 5 FSA regulated brokers

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We found 3 forex brokers for users based in

1. eToro. Best for beginners, copy-trading & demo-account

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4.5
Ratings

$100

Min. deposit

0% commission

Fees

3,600

No. assets

Yes

Demo account

Overview

We love eToro because it’s a crypto trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of 100 cryptocurrencies includes big names like Bitcoin and Ethereum, as well as smaller crypto tokens with high growth potential. Some supported tokens can be seamlessly transferred to the eToro Money crypto wallet for safekeeping.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. eToro crypto’s Smart Portfolios offer a great entry point into digital currencies, an opportunity to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across the 100 crypto tokens available.

Highlights

Fees & Costs

Pros & Cons

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2. Plus500. Best for international trading*

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4.5
Ratings

$100

Min. deposit

From 0.08%

Fees

2,800

No. assets

Yes

Demo account

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to futures contracts for some of the biggest indices.

Plus500 has something for all types of traders, no matter what level of experience. Its low margin requirements (starting at $100) and different contracts make it a top choice for day traders. At the same time, its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: Plus500 charges a commission of $0.49 per Micro contract and $0.89 per Standard contract (per side). There is an Auto-Liquidation fee of $10 per contract. Other exchange fees may be applicable and can be found on the CME group website. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Fees & Costs

Pros & Cons

This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.

What is a Seychelles FSA regulated broker?

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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

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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. 

Here are a few benefits of using a forex broker regulated by the financial services authority Seychelles. 

  • Increased protection. Seychelles FSA regulated brokers are required to maintain a certain level of capital, which protects against market fluctuations and protects traders’ investments.  
  • Fair and transparent practices. Forex brokers operating under the FSA Seychelles must follow specific rules, such as providing accurate market quotes and transparent pricing and execution. This means that by using an FSA regulated broker, you will not fall prey to broker manipulation.
  • Segregated client funds. Another requirement the FSA has in place is segregated client funds. When you register with a Seychelles forex broker, your money will be kept in a different account from the one the broker uses for its everyday business activities.  
  • Quality customer support. FSA regulated brokers must have proper customer support systems, ensuring that traders receive prompt and effective assistance when needed.

How to Check FSA Regulation

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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.

How should I choose a broker regulated by the FSA?

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Once you’ve checked if a broker is regulated by the Seychelles FSA, you can consider the following features to help you choose the best option for you. 

  • Reputation. Look for reviews and ratings from other traders to find out if the broker is known to have any issues. You can use online forums to find reviews from other traders to help you decide if the broker is worth signing up for. 
  • Trading Platforms and Tools. Make sure the broker offers a trading platform that meets your needs and provides the necessary tools to help you make informed trading decisions. Most FSA regulated brokers will offer common platforms like MT4, but if you want to use another, check if it’s available. 
  • Customer Support. Check that the broker has a responsive and effective customer support system and clear and accessible terms and conditions for their services. One easy way to do this is by using its live chat feature before registering an account. 
  • Trading Conditions and fees. Consider the broker’s trading conditions, including the spread, leverage, and available markets, to ensure that your requirements are available. 
  • Security of Funds. It is important to ensure that a forex broker follows proper security protocols and keeps client funds in a segregated account, as the FSA requires. You can check this in their terms and conditions, although the best forex brokers will make this information clearly available on their websites. 

Should I use FSA regulated brokers?

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Yes, using an FSA Seychelles-regulated forex broker could be a good option, especially if you cannot use brokers covered by other authorities. The FSA Seychelles does not have the reputation of regulators from other jurisdictions such as the FCA in the United Kingdom, however, it is relatively new and many of the world’s top forex brokers hold licences with it. 

One of the key benefits of using a Seychelles FSA forex broker is the available leverage on offer. Other regulatory bodies have strict rules regarding retail forex traders and leverage; however, this is fine with the FSA and it is possible to obtain high leverage. 

The Seychelles FSA also imposes stringent rules on forex brokers, such as requiring them to keep clients’ funds in separate accounts and supply fair trading conditions. This makes the FSA Seychelles a good option for forex traders wanting a safe and regulated forex broker.

What are the risks of using a FSA regulated broker?

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The main risk of using an FSA regulated forex broker is losing your money, however, that risk is mainly down to losing trades, as opposed to foul play on the broker’s part. Here’s a selection of the pros and cons of using an FSA Seychelles regulated forex broker.

Benefits

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  • Client funds are kept in segregated accounts
  • FSA forex brokers generally offer higher leverage
  • You can start with as little as £10
  • Demo trading is available

Risks

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What are the fees for using a FSA regulated broker?

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Your fees will depend on the forex broker you choose, as all platforms have slightly different charges. However, you can expect to pay spreads, commissions, or a combination of both. 

Fees will also be impacted by the account type you go with. So for example, if you use an FSA regulated forex broker that offers ECN or STP trading accounts you can expect spreads to be much lower, generally starting from 0.03pips on EUR/USD. You will however need to pay a commission, which can range anywhere from $3.5 – $6 RT.

For standard accounts, you usually won’t benefit from such low spreads, but you will benefit from not having to pay commissions. You also need to remember that other fees such as inactivity charges, or payment processing costs may apply, but these are broker dependent. Below we’ve provided the average fees for the top 3 FSA regulated forex brokers in 2025:

Asset eToro fees Plus500 fees Revolut fees
Crypto 1% From 2%
Commodities From 2 pips From 0.04%
Forex From 1 pip
Index prices From 0.75 pts From 0.7%
Stocks 0% commission From 0.08%
Stock CFDs 0.15%
ETF CFDs 0.15%
View more > eToro > Plus500 > Revolut >

Methodology: How did we choose the best FSA regulated brokers?

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Helping people make better financial decisions is at the heart of our mission at Invezz. 

We periodically test more than 63 forex trading platforms to provide our users with clear, accessible guidance on the investing options available. All testing is carried out by our panel of forex experts, analysts, and active traders who sign up to each broker, conduct research, and score each service.

Our tests are designed to find foreign exchange platforms that offer a beginner-friendly, secure trading experience at a fair price. To supplement our practical testing and experience, we research each service to gather any further relevant information. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.

Each forex broker is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with individual brokers to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.

FAQs

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01

Do I have to live in the Seychelles to use an FCA regulated forex broker?

02

What is the difference between FSA and FCA?


Sources & references

Prash Raval

Prash Raval

Financial Writer

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Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while running an educational service helping novice traders learn the markets. He has a keen interest in micro and small cap stocks....