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FXGiants regulation and how it scores
Regulation carries the heaviest weight in the score, which is why it is scored first. Here is FXGiants's licensing and the protections behind it.
Facts last checked . Read the full FXGiants review.
Regulation and safety
- Regulated by
- British Virgin Islands Financial Services Commission (FSC), SIBA/L/24/1175
- Regulator tier
- Tier 3
- Register entry
- BVI Financial Services Commission register, licence SIBA/L/24/1175
- 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, Australia, India and jurisdictions where distribution or use would contravene local law
What this means
Regulation carries the heaviest weight in the score, which is why it is scored first.
FXGiants's licence is offshore (FSC). Offshore entities typically offer higher leverage and lighter reporting, and compensation schemes do not apply - the trade-off is protection, not price.
An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.
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 FXGiants regulation
Is FXGiants tier-one regulated?
FXGiants's strongest licence is recorded as Tier 3.
Who regulates FXGiants?
FXGiants is regulated by British Virgin Islands Financial Services Commission (FSC), SIBA/L/24/1175.
Does FXGiants offer negative balance protection?
Yes. FXGiants offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.
Regulation at brokers under the same regulator
- AvaTrade regulation also licensed by FSC (BVI)
- Exness regulation also licensed by FSC (BVI)
- easyMarkets regulation also licensed by FSC (BVI)
- InstaForex regulation also licensed by FSC (BVI)
- TopFX regulation also licensed by FSC (BVI)