Is EqualFX a legally regulated broker?

Is EqualFX a legally regulated broker? https://equalfx.com/

Dear Investor,

We strongly advise against trading with EqualFX, as it does not hold a legitimate broker license.

According to its website, EqualFX presents itself as an STP/ECN broker, offering investors access to various asset trading, including forex pairs.  However, the platform only claims registration with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) to appear legitimate.  In reality, this registration only grants International Business Company (IBC) status, which does not constitute a valid financial license.  Additionally, the SVG FSA has publicly stated that it does not regulate or license forex trading activities.

Trading with an entity registered solely in an offshore jurisdiction carries significant risks.  St. Vincent and The Grenadines is known for weak regulatory oversight and minimal investor protections, making such platforms unsafe for financial transactions.

Given these facts, EqualFX operates outside recognized regulatory frameworks. To protect your investments, avoid trading with EqualFX.