The International Financial Services Commission (IFSC) of Belize has granted license to forex broker Marrison Capital Ltd., according to data published on the regulator’s website. No details were provided.
On its website, the broker provides a Cyprus address, but no authorization information. No reference to Belize or the IFSC is made. The company is missing from the Cyprus Securities and Exchange Commission ‘s (CySEC) register of licensed entities.
Marrison Capital offers clients to open demo or live accounts for trading in forex currencies, contracts for difference (CFDs), and precious metals. Traders can choose from STP, Zero Spread, and Robo accounts with a minimum initial deposit requirement starting from $10. Spreads are as low as 0 pips and leverage reaches up to 500:1. The broker offers a single trading platform – the industry leader MetaTrader 4 (MT4).
Belize is a well-known offshore destination, renowned for its milder regulation and licensing requirements and lower incorporation costs. Many financial service providers choose to register there and fall under the supervision of the IFSC since they need to meet fewer and softer criteria and to comply with less strict rules and requirements than if they registered in other countries.