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intercontinental securities-limited

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Is Intercontinental Securities Limited an ECN broker? Do you think it is a nice broker?
Daisy Sigler
Laos
2023-05-09
ANSWER Intercontinental Securities Limited is a non-regulated broker we advise against trading with, despite the seemingly attractive deals it offers.Although Intercontinental Securities Limited claims to be registered with Financial Services Authority of Saint Vincent and the Grenadines (SVG FSA) under registration number 683LLC2020 and we did find records matching this company in the SVG FSA registry, it is important to note that the SVG FSA neither issues forex licenses nor regulates entities engaging in such activities. This means Intercontinental Securities Limited is literally not subject to any valid regulations in forex markets.Regarding your question, we would recommend avoiding dealing with unregulated brokers like Intercontinental Securities Limited. Using unregulated brokers would pose significant risks, such as loss of funds and identity theft. Therefore, we strongly suggest investors stay away from unregulated brokers and opt for fully regulated ones instead.
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