FSA Seychelles explained

The Seychelles Financial Services Authority, also known as FSA Seychelles, is an independent regulatory body responsible for overseeing non-bank financial service providers in the country. Since Seychelles operates as an offshore economy, this regulator is a popular choice for Forex brokers for low taxataion environment. Forex brokers under FSA Seychelles, not only offer trading services within Seychelles but also reach out to international Forex traders. Although FSA Seychelles is not as strict as some other well-known Forex regulators, it still offers significant legitimacy and protection to both brokers and their clients. Established in 2013, FSA is the primary regulatory authority in Seychelles, granting licenses, enforcing compliance, and monitoring activities in the non-financial sector. It took over from the Seychelles International Business Authority and maintains a robust regulatory framework with clear guidelines and laws concerning Forex brokers and other non-bank financial services.