Overall Rating: ★★☆☆☆ (2.5/5)

The Financial Services Regulatory Commission (FSRC) of Antigua and Barbuda is the authority responsible for the oversight of non-bank financial services, including international business corporations (IBCs), insurance companies, and investment firms. While the FSRC does issue licences for financial service providers, including forex and CFD brokers, its framework is widely viewed as light-touch, with minimal investor protections and limited regulatory enforcement.

To operate as a broker under the FSRC, firms must obtain an International Business Corporation licence, which typically requires:

• Local incorporation in Antigua and Barbuda
• Minimum capital funding (usually around $100,000 USD)
• Submission of a basic business plan and compliance policies
• Appointment of a local representative or agent

However, the FSRC:

• Does not enforce leverage restrictions
• Does not prohibit bonuses, deposit incentives, or high-risk promotions
• Lacks any investor compensation scheme or retail dispute mechanism
• Offers no formal guidelines on risk disclosures, client fund segregation, or trade transparency

The FSRC’s public register lists incorporated entities, but does not provide detailed information on licensing scope, disciplinary action, or complaints handling. Enforcement actions, if conducted, are rarely disclosed, limiting transparency for retail clients.

Due to the limited scope of its supervision and the lack of meaningful oversight, the FSRC is frequently chosen by offshore brokers seeking flexible operations in unregulated or loosely regulated markets. While some firms may operate responsibly under FSRC registration, traders should treat this licence as insufficient on its own, and verify whether the broker also holds licences in Tier-1 jurisdictions.