--- title: Forex Licence Comparison 2027: Capital & Substance (Data) description: Free dataset comparing 14 forex licences for 2027: regulator, licence type, minimum capital, local substance and bank acceptance. CSV download. url: https://www.brokerwhitelabelsolution.com/data-forex-licence-comparison-2027 language: en publisher: Broker White Label Solutions --- # Forex licence comparison 2027: capital, substance and bank acceptance by jurisdiction Fourteen licensing options for new forex brokers compared side by side. Free to download and cite. [Download CSV](https://www.brokerwhitelabelsolution.com/data/forex-licence-comparison-2027.csv)[Forex licence support](https://www.brokerwhitelabelsolution.com/company-formation)**Quick answer** This dataset compares 14 forex licensing options for 2027 by regulator, licence type, published minimum capital, local substance and bank acceptance. Seychelles and Mauritius are common first licences; Cyprus, the UK, the UAE and South Africa offer more trust at higher cost; Anjouan's status is disputed, and St Vincent and Antigua do not issue forex brokerage licences. ## Key findings - Capital requirements range from around US$100,000 in Seychelles to more than US$20 million for US retail forex dealers. - Local substance (staff and offices in the jurisdiction) is now expected by most recognised regulators. - Bank and payment-provider acceptance matters as much as the licence fee. - Two popular "licences" are not forex licences at all: St Vincent and Antigua. ## Methodology Compiled in November 2026 from our licence guides and capital article, which cite regulators and specialist sources. “Set by regulator; confirm” means requirements vary by activity or have changed recently. Always confirm current rules with the regulator and qualified local counsel. | Jurisdiction | Regulator | Licence | Minimum capital | Local substance | Bank acceptance | Notes | | --- | --- | --- | --- | --- | --- | --- | | [Seychelles](https://www.brokerwhitelabelsolution.com/blog-seychelles-forex-licence) | Financial Services Authority (FSA) | Securities Dealer | US$100,000 paid-up (reported for 2025); FSA may require more | At least two full-time staff in Seychelles | Moderate | Common first licence | | [Mauritius](https://www.brokerwhitelabelsolution.com/blog-how-to-start-a-forex-brokerage-in-mauritius) | Financial Services Commission (FSC) | Investment Dealer (Full Service, excl. underwriting) | MUR 1 million for this category | Local presence expected | Good | More credible offshore option | | [Cyprus](https://www.brokerwhitelabelsolution.com/blog-cysec-licence-guide-for-forex-brokers) | CySEC | Cyprus Investment Firm | €75,000 to €750,000 depending on activities | EU substance required | Good | EU passporting | | [United Kingdom](https://www.brokerwhitelabelsolution.com/blog-how-to-start-a-forex-brokerage-uk) | FCA | Investment firm | £75,000 to £750,000 depending on activities | Full UK presence | Good | Highest trust, highest cost | | [United States](https://www.brokerwhitelabelsolution.com/blog-start-a-prop-firm-or-forex-broker-usa) | CFTC / NFA | Retail forex dealer | US$20 million+ adjusted net capital | Full US presence | Good | Very high entry bar | | [United Arab Emirates](https://www.brokerwhitelabelsolution.com/uae-dubai) | CMA (formerly SCA), DFSA or FSRA | Depends on regulator and activity | Set by regulator; confirm | Onshore UAE substance | Good | Gulf clients and Arabic markets | | [South Africa](https://www.brokerwhitelabelsolution.com/blog-fsca-odp-licence-south-africa-forex-broker) | FSCA | ODP licence | Set by regulator; confirm | Local presence | Good | African hub | | [Labuan (Malaysia)](https://www.brokerwhitelabelsolution.com/malaysia) | Labuan FSA | Money broking / securities | Set by regulator; confirm | Labuan office | Moderate | Asia, non-resident clients | | [Vanuatu](https://www.brokerwhitelabelsolution.com/vanuatu) | VFSC | Dealer in securities | Raised in recent years; confirm with VFSC | Higher expectations than before | Moderate | Mid-cost offshore | | [Belize](https://www.brokerwhitelabelsolution.com/belize) | Financial Services Commission (FSC) | Trading in financial and commodity-based derivatives | Confirm with FSC | Local presence expected | Varies | Cost-conscious brokers | | [Mwali (Comoros)](https://www.brokerwhitelabelsolution.com/blog-comoros-mwali-forex-licence) | MISA | Island-level brokerage licence | Around US$50,000 reported by providers | Limited | Limited | Limited recognition | | [Anjouan (Comoros)](https://www.brokerwhitelabelsolution.com/blog-anjouan-forex-licence) | AOFA | Island-level brokerage licence | Not recommended | — | Poor | Status disputed by the Central Bank of the Comoros (Dec 2025) | | [St Vincent & the Grenadines](https://www.brokerwhitelabelsolution.com/blog-st-vincent-svg-forex-licence) | SVG FSA | No forex licence (company registration only) | — | — | — | Not a forex licence | | [Antigua & Barbuda](https://www.brokerwhitelabelsolution.com/blog-antigua-forex-licence) | FSRC | No forex brokerage licence (IBC is a registration) | — | — | — | Not a forex licence | **How to cite this data** Broker White Label Solutions, “Forex licence comparison 2027”, https://www.brokerwhitelabelsolution.com/data-forex-licence-comparison-2027, November 2026. Free to use with attribution (CC BY 4.0). General information, not legal advice. Related: [best forex licence for new brokers in 2027](https://www.brokerwhitelabelsolution.com/blog-best-forex-licence-2027) · [capital by licence](https://www.brokerwhitelabelsolution.com/blog-how-much-capital-to-start-a-forex-brokerage). ## Choosing a forex licence? We help clients choose a jurisdiction and prepare and manage the licence application with local counsel, then launch with our technology. [Book a Free Consultation](https://www.brokerwhitelabelsolution.com/contact) --- Source: https://www.brokerwhitelabelsolution.com/data-forex-licence-comparison-2027 Contact: info@brokerwhitelabelsolution.com | WhatsApp +90 530 107 14 49 Broker White Label Solutions is a technology provider only. It does not provide brokerage, investment or payment services and does not hold client funds. General information, not legal, financial or tax advice.