Financial Services Authority Seychelles
Offshore onlySeychelles · FSA-SC
A real registration, but oversight is light: no leverage cap comparable to ESMA or ASIC, no compensation scheme, and escalating a dispute from another country is difficult in practice. Very commonly the entity a broker assigns to clients outside the EU, UK and Australia — check which entity your account is actually opened with, not which licence the website advertises.
Compensation if the firm fails
No compensation scheme is on record for retail clients in this jurisdiction.
Negative balance protection
Not established. Plan on the assumption that you can owe the broker money, and confirm with the authority.
Brokers that name FSA-SC
Naming a regulator is not the same as your account being covered by it. Confirm the entity.