Reason to avoid: Offshore license
Listed Date: June 25, 2018
Top 3 Regulated Forex Brokers
- Company name: FAH Investment LTD
- Registration/license: St. Vincent and the Grenadines
- Registration/license requirement: $2,000
Time4X is owned by the : FAH Investment LTD. It is an offshore Forex broker registered in the St. Vincent and the Grenadines with a Financial Services Authority. It is risky to deal with the offshore registration brokers as in average it takes $2000 to get the license. The main advantages of having an offshore license are low costs, speed of formation (it takes only a few weeks to get one) and tax free. Comparing the license from UK’s Financial Conduct Authority, that costs USD 50,000 and also needs USD 100,000 of capital for the STP license aside from client deposits. In case, of obtaining Italian trading license with the CONSOB, the company would need to have EUR 50,000 of corporate capital.