Best FSA (Seychelles) Regulated Forex Brokers for 2025
For traders seeking a secure and transparent trading environment, choosing an FSA regulated forex broker can provide an added layer of confidence. The Financial Services Authority (FSA) of Seychelles oversees financial firms operating under its jurisdiction, ensuring they comply with established regulatory standards. This framework encourages accountability and safeguards client funds should disputes or operational issues arise.
Founded in 2013, the FSA has grown into a respected, independent regulator within the global financial industry. It is responsible for supervising non-bank financial institutions in Seychelles, Africa’s smallest nation, and plays a vital role in upholding integrity within its financial markets. Today, a significant number of international forex brokers hold an FSA Seychelles licence, allowing them to offer services to traders worldwide under transparent conditions.
Following extensive research and analysis, the FX Trust Score team has shortlisted the Top 5 FSA Regulated Forex Brokers for 2025. Each broker featured below was selected for its strong regulatory standing, competitive trading conditions and consistent client satisfaction.
Overview of FSA Regulated Forex Brokers
Exness
Rating: 4.55 / 5
Broker Name: Exness
Established: 2008
Seychelles Office: Mahe
Minimum Deposit: $10
Copy Trading: Yes
Negative Balance Protection: Yes
Pros & Cons
✅ Low minimum deposit
✅ Strong fund security
❌ Above average leverage
Admirals
Rating: 4.47 / 5
Broker Name: Admirals
Established: 2001
Seychelles Office: Mahe
Minimum Deposit: $100
Copy Trading: Yes
Negative Balance Protection: Yes
Pros & Cons
✅ Diverse range of account types
✅ Excellent educational resources
❌ High minimum deposit
Tickmill
Rating: 4.42 / 5
Broker Name: Tickmill
Established: 2014
Seychelles Office: Mahe
Minimum Deposit: $100
Copy Trading: Yes
Negative Balance Protection: Yes
Pros & Cons
✅ Extensive educational resources
✅ Very competitive trading conditions
❌ High minimum deposit
HF Markets
Rating: 4.12 / 5
Broker Name: HF Markets
Established: 2010
Seychelles Office: Mahe
Minimum Deposit: $5
Copy Trading: Yes
Negative Balance Protection: Yes
Pros & Cons
✅ Proprietary copy trading platform
✅ Varied educational material
❌ Above average fees
eToro
Rating: 4 / 5
Broker Name: eToro
Established: 2007
Seychelles Office: Mahe
Minimum Deposit: $50
Copy Trading: Yes
Negative Balance Protection: Yes
Pros & Cons
✅ Good range of trading instruments
✅ Innovative copy trading features
❌ No MT4 or MT5
FX Trust Score Comparison of FSA Regulated Forex Brokers
| Broker | FSA Regulation | Seychelles Office | Trading Platforms | Average EUR/USD Spread | Customer Suppor | FX Trust Score |
| Exness | Licence number: SD025 | Office 107, 1st Floor, Waterside Property Ltd, Eden Island, Mahe | MT4, MT5, Exness Terminal | 0.6 pips | 24/7 | |
| Score | 10 | 10 | 7 | 7 | 10 | 9.1/10 |
| Admirals | Licence number: SD073 | Suite 202, Second Floor, Waterside Property, Eden Island, Mahe | MT4, MT5, Admirals Platform | 0.8 pips | 24/5 | |
| Score | 10 | 10 | 7 | 6 | 10 | 8.95/10 |
| Tickmill | Licence number: SD008 | Office 3, F28-F29, Eden Plaza, Eden Island, Mahe | MT4, MT5 | 0.1 pips | 24/5 | |
| Score | 10 | 10 | 6 | 9 | 8 | 8.85/10 |
| HF Markets | Licence number: SD015 | Room S203A, Second Floor, Orion Complex, Victoria, Mahe | HFCopy, MT4, MT5 | 1.4 pips | 24/5 | |
| Score | 10 | 10 | 7 | 4 | 8 | 8.25/10 |
| eToro | Licence number: SD076 | eToro Suites, S45 2nd Floor, Espace Building, Victoria, Mahe | eToro Platform | 1.0 pips | 24/5 | |
| Score | 10 | 10 | 5 | 5 | 8 | 8.1/10 |
The FXTS Verdict – Which are the Best FSA Regulated Forex Brokers?
This comprehensive review was compiled to highlight the best FSA Seychelles regulated brokers for 2025, giving traders an informed view of the most reputable companies operating under the authority’s supervision. Each broker was examined for its platform selection, office registration details, customer support quality and overall trading performance.
Both Exness and Admirals achieved the highest overall scores, thanks to their combination of low EUR/USD spreads, variety of account types, and robust trading infrastructure. Exness stands out further for its 24/7 multilingual customer support, while Admirals earns praise for its extensive educational offering and user-friendly trading tools.
Tickmill also performed strongly, ranking highly for its ultra-tight spreads and straightforward pricing, while HF Markets impressed with its HFCopy social trading platform that caters to both beginners and experienced traders.
Ultimately, all five FSA Seychelles regulated brokers listed in our comparison can be considered reliable and well-established options for traders across various experience levels.
FSA’s Role in Forex Broker Oversight
The Financial Services Authority (FSA) acts as Seychelles’ independent financial regulator, overseeing the conduct of companies operating in the country’s non-bank financial services sector. Its key mission is to maintain market stability, ensure fair practice and promote investor confidence.
The FSA is empowered to license, supervise, and, when necessary, take disciplinary action against FSA regulated brokers or individuals who fail to comply with the nation’s financial regulations. Licensed entities must adhere to strict operational guidelines, including transparent business practices, adequate client fund protection and proper record-keeping.
While the FSA’s framework is often regarded as more flexible than that of top-tier European regulators, it nonetheless offers a strong level of oversight. For many global brokers, Seychelles provides a balanced approach between regulatory compliance and operational efficiency, making it an increasingly popular jurisdiction for forex regulation.
FAQs
The Financial Services Authority (FSA) is a financial regulatory body based in Seychelles. Founded in 2013, it is an autonomous institution that has licensing, regulatory, and enforcement powers in the country’s non-bank financial services sector. The FSA also monitors and supervises the conduct of financial business in Seychelles.
The Financial Services Authority (FSA) is based in Victoria, the capital of Seychelles. It was first established as part of the Financial Services Authority Act, 2013, succeeding the Seychelles International Business Authority (SIBA).
The main role of the FSA Seychelles is to supervise, regulate, and monitor compliance with all non-bank financial services business carried out in Seychelles. It is also partly responsible for detecting and preventing financial crime, including money laundering, fraud, misconduct, information misuse, and the financing of terrorism.
Any forex broker that is fully licensed with the FSA Seychelles. Choosing a regulated broker rather than an unregulated one is an important first decision for traders, as these brokers are subject to strict regulatory standards. Regulated brokers typically offer stronger protections, including fee transparency, fair trading practices, and increased fund security. The best FSA regulated brokers for 2025 are listed above.
Yes, forex trading is completely legal in Seychelles. It is home to the internationally-recognised Financial Services Authority (FSA), which is the leading regulatory body in Seychelles for all non-bank financial services conducted in the African nation.
Yes, Seychelles is considered a tax haven thanks to its favourable tax laws and financial services. Offshore companies in Seychelles do not pay any taxes on income generated abroad. The country also has no capital gains tax, dividends, interest, inheritance, or property tax.
Publication date:
31/05/2024
Author: FX Trust Score
Last updated on October 10, 2025
