Author: Dominic Owens | Last updated: May 2024

Top IFSC Licensed Forex Brokers to Look for

Regulator Info
  • Founded: 1999
  • Head Office: 6130 Iguana Avenue, Mountain View Area, City of Belmopan, Belize, C. A.
  • Phone: +501-822-2974
  • Email: info@ifsc.gov.bz
  • Website: www.ifsc.gov.bz

For anyone who is interested in getting involved in the Forex industry, the single biggest mistake that you could make is using a non-regulated company. Regulatory compliance is the backbone of a strong financial service, as it gives both trader and company total confidence in one another. If you are serious about taking part in a Forex trading system, then you should look to see where it is regulated.

As you might be aware, many different regulatory bodies exist. Some are based in one nation, others are more global. For now, though, the most important regulatory body for anyone in Belize would be the IFSC. Otherwise known as the International Financial Services Commission, this has been a major part of the Forex trading system in Belize for some time now.

Ever since Belize was able to gain its independence from Britain in the 1980s, it has become a country with a very strong background in finance. It’s become a nation where investors flock to if they wish to enjoy participating in a vibrant, always growing economy. However, another reason why many choose to utilise Belize as their chosen base for their financial operations stems from their entrepreneur, investor-friendly economy.

Many people will choose to come to this beautiful island nation for a holiday, or to simply sample the amazing climate. What they find, though, is an attractive location both for tourism and for business. With a zero tax structure on any international investment, it’s easy to see why Belize is so popular for FX trading.

What is the IFSC?

As mentioned above, the IFSX is the governing body in Belize for financial regulation. They play a crucial role in making sure that anyone taking part in trading in Belize does so in a safe, secure environment that looks after their investment. The IFSC itself is a self-regulated agency that words under the Ministry of Belize Securities. For that reason, they are one of the most important names in the Belize financial world.

Without their autonomous agency, there would be little incentive for companies to have to play by the rules in the country. However, their Code of conduct, backed by the Belize Governments own guidelines, ensures that people have to play by the rules or risk losing their opportunity to trade as part of this wonderful nation.

IFSC regulated brokers will have to meet the code of conduct at all times, or face the inability to be part of the Belizean financial services. It’s got one of the strictest regulatory codes in the region, and has become a fine example of a body that forces its companies to meet the global standard.

While Belize is definitely a business-friendly nation, it’s also a security-friendly and privacy-friendly nation. For that reason, they take the safety of investments being made by people in the country very seriously. That is why their desire to maintain strict regulation is one of the main reasons people trust them to do the right thing.

What are the Primary Regulations?

Overview of the IFSC Forex regulator homepageThe IFSC looks to ensure that it has built a system that is safe, secure, and suitable for traders and investors. It’s become a truly strong investor economy, with people from all the world taking part in trades through IFSC-regulated Forex brokers. They have some very particular regulations that expects companies to take part and play their role.

For example, any company that wishes to work within the regulated brokerage market within Belize must have a set amount of capital. It needs to carry at least $100,000 of operating capital – while that is very low compared to other nations, it still has a minimum. This helps to give the trader the peace of mind that they are not going to be put in a tight situation should the company go bust. It’s also demanded that every trader has their funds kept in a separate account that is then segregated.

This allows you to know that any trader that is regulated under the IFSC is going to be unable to use your money for nefarious means. They also must be able to give the IFSC a regular update on their accounts, with audit reports and financial statements asked for on a regular basis.

This is why so many people can be trusted when they start trading in Belize. The strictness of regulation ensures that you can trade here without the fear that you are walking into a trap; this can make it much easier to get things done.

Is the IFSC the Only Regulator in Belize?

Yes, it’s the primary regulatory body. If you were to try and use a non-licensed Forex broker in Belize, it would be dangerous. You would have no protection at all and none of the stipulations above about segregated accounts or having a set amount of capital left spare would actually apply. Therefore, you should never use any FX broker in Belize that is not under the umbrella of the IFSC.

That is why we recommend that you take the time to look closely at the IFSC’s policies and practices. This should give you all the help that you need to make an informed choice about the process. It should also help you to easily cater to your own personal demands, as the regulatory body does still allow for a fair amount of freedom for traders and brokers.

If you would like to work under a strict but safe regulatory body, this is a good place for you to start if you are looking to get involved in the Belizean economy. Of course, there are some concerns about the level of funding that is kept aside as well as the level of depth that is needed for annual reports.

While these concerns are valid, the IFSC has shown that it does take making the Belize Forex trading system a safer place. It might not be perfect, but it’s a fine example of what can be done if you use the right system. Improving all the time, in future it could become the go-to choice for those interested in trading in a nation like Belize.

Other Popular Forex Regulators