Home / Reviews / FXCess / Regulation
FXCess regulation and how it scores
Regulation carries the heaviest weight in the score, which is why it is scored first. Here is FXCess's licensing and the protections behind it.
Facts last checked . Read the full FXCess review.
Regulation and safety
- Regulated by
- Anguilla company registration; international brokerage operated by Notesco Int Limited
- Regulator tier
- Tier 3
- Register entry
- Anguilla Commercial Registry
- Client money segregated
- Yes
- Held at
- Regulated banking institutions
- Negative balance protection
- Yes
- Compensation scheme
- No statutory investor compensation scheme
- Audited by
- Independent external auditors
- Not available to
- United States, Iran, Cuba, Sudan, Syria, North Korea and other jurisdictions where services are prohibited or restricted
What this means
Regulation carries the heaviest weight in the score, which is why it is scored first.
FXCess lists its regulation as Anguilla company registration; international brokerage operated by Notesco Int Limited.
Client money is held separately from the firm's own money, at Regulated banking institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.
Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.
Covered by No statutory investor compensation scheme, which pays eligible clients up to its limit if the firm fails owing client money.
Questions about FXCess regulation
Is FXCess tier-one regulated?
FXCess's strongest licence is recorded as Tier 3.
Who regulates FXCess?
FXCess is regulated by Anguilla company registration; international brokerage operated by Notesco Int Limited.
Does FXCess offer negative balance protection?
Yes. FXCess offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.