Global Broker Regulation Inquiry App
WikiFX
Davis Wu 
1-2 years
Is Connext Forex a regulated broker?
Broker Issues
Regulation
07-27
United States
WikiFX
Reply
Connext Forex is regulated by the Seychelles Financial Services Authority (FSA) under license number SD155, which is an offshore regulation. While this provides some legitimacy, I find the lack of higher-tier regulatory oversight concerning. I prefer trading with brokers that are regulated by top authorities like FCA or CYSEC. This offshore status makes me cautious, especially with larger investments.
Similar Questions
What are the advantages of using Centrade?
Tricia54
07-14
Is GOC Prime legit for me to trade with?
Chris hagerman
07-26
Is Mirrox safe and legit?
WoodCrusher
07-18
In what ways does the regulatory status of Victory Securities help safeguard my funds?
TJensen
07-21
What are the pros of GFC Global?
Prash_007
06-09