Home / Reviews / FXCess / Regulation
FXCess regulation: what happens if the firm fails
The licence is what decides where your money sits and who is obliged to do something about it. Here is who licenses FXCess and what the protections are.
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
The licence is what decides where your money sits and who is obliged to do something about it.
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 client money segregated at FXCess?
Yes. FXCess holds client money separately from its own funds, at Regulated banking institutions.
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.
Is there a compensation scheme at FXCess?
FXCess's compensation scheme is recorded as: No statutory investor compensation scheme. A scheme covers the broker failing, not losses on your trades.