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Is Regulus trading forex? Can I open an account with it?
Ada Scott
Jersey
19 hours ago
ANSWER Dear Investor, Regulus claims to provide liquidity and also retail forex services under the supervision of the Financial Services Commission (FSC) in Mauritius. Upon conducting a thorough search of the Mauritius FSC registry, we confirmed that the broker is indeed listed as a licensed entity. However, it is important to note that the registry entry only lists a physical company address and does not include the specific operational website. This discrepancy creates a potential risk of information misappropriation, where a legitimate license is used to validate an unauthorized platform. Furthermore, investors should be aware that the Mauritius FSC is an offshore regulatory body. Generally, the oversight and protection standards provided by offshore jurisdictions are less stringent compared to top-tier financial authorities. Due to the combination of the missing website verification in the registry and the inherent limitations of offshore regulation, we strongly advise you to exercise caution and conduct thorough due diligence before engaging in any transactions with this type of broker.
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