List of Brokers with FSC (BVI) Regulation

FAQ

What does BVI regulated mean?

Being regulated by the BVI or the BVIFSC means operating under the standards of a British Virgin Islands financial regulator. BVI forex brokers typically enjoy several tax breaks that enables firms to enjoy huge profits and offer lucrative offers to attract clients.

What are BVI rules?

The country enforces its rules through the Securities and Investment Business Act of 2010, which was created alongside the BVIFSC. The regulatory guidelines are quite simple and do not go according to the global regulatory frameworks. Registered companies under the BVIFSC are not required to hold any amount of minimum capital, nor keep client funds in segregated accounts.

Still, financial dealings and transactions are monitored by the BVIFSC. Regulated brokers in British Virgin Islands are also required to follow several regulatory guidelines to avoid insider trading, prevent financial scams, and other aspects that may harm the BVI economy.

What is the main purpose of BVI?

To safeguard the economic interests of British Virgin Islands by upholding its integrity as a well-regulated international finance center. In general, the BVIFSC has purposes to:

• Protect the interests of the general public and market participants.
• Ensure industry compliance with the highest international regulatory standards and best business practices.
• Ensure that the nation plays its part in the fight against cross-border, white-collar crime while safeguarding the privacy and confidentiality of legitimate business transactions.

What are the powers of BVI?

By enforcing all financial services regulatory and registry legislation, the BVIFSC has the power to monitor the regulated financial services activity to protect the public against any illegal and/or unauthorised financial services. The agency also has the right to review all financial services and related enforcement legislation and policie to keeping attuned to domestic and international developments affecting the financial services industry.

If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.