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The Financial Services Commission (FSC) of British Anguilla is the jurisdiction’s primary regulator for non-bank financial services, including forex and CFD brokers operating from its offshore environment. While the FSC maintains a licensing process for companies engaging in investment-related services, it is widely regarded as a light-touch offshore regulator with limited supervision, no investor protection mechanisms, and minimal transparency, making it unsuitable as a primary authority for retail forex traders.

Firms seeking to operate as forex brokers in Anguilla must register under the International Business Companies Act and apply for a Securities Investment Business licence. Requirements include:

• Incorporation in Anguilla
• Appointment of local directors or service providers
• A minimum capital deposit (not stringently enforced)
• Submission of general business documentation and AML policies

However, the FSC:

• Does not enforce leverage restrictions or margin requirements
• Does not prohibit high-risk promotions, such as deposit bonuses
• Does not require segregation of client funds
• Provides no investor compensation fund or formal dispute resolution mechanism
• Rarely discloses enforcement actions or publishes regulatory findings

Many brokers use the FSC licence purely to facilitate operations in unregulated regions without the obligations imposed by Tier-1 regulators. This leaves retail clients exposed to withdrawal delays, poor execution, and lack of legal recourse in the event of malpractice or insolvency.

While the FSC in Anguilla maintains a registry of licensed entities, it does not actively monitor trading activity or impose conduct standards on firms. For this reason, traders should be extremely cautious with brokers regulated solely by the Anguilla FSC and should always confirm whether the firm is also authorised by reputable global regulators such as the FCA, ASIC, or CySEC.