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Forex Brokers in British Virgin Islands

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The British Virgin Islands is one of the best-known offshore islands with a stable political environment and strong legal framework based on British law, which is aimed to protect both forex brokers and forex traders.

Forex brokers in the British Virgin Islands are required to hold a license from the British Virgin Islands Financial Services Commission (BVIFSC) as the national financial regulator. The process of obtaining a broker's license here is a bit more complicated than in the other offshore jurisdictions. However, this also means that the brokers who hold it are serious players in the forex broker business. Unregulated forex brokers are not allowed to operate out of the British Virgin Islands.


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Score Broker Country Regulation Min Deposit Max Leverage

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.


Additional FAQ

There are various ways a broker can get their money. Here are some of them.

  • Spread
  • Trading against the client
  • Commissions

Continue Reading at Trading Commission Based on Forex Broker Types

The most common and frequently occurring characteristics are:

  1. Difficult deposit and withdrawal processes.
  2. Sudden and unexpected changes to key features.
  3. Poor customer service.
  4. Negative reviews.

Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker

Basically, if the broker's "licensed", then it's just as good as "regulated". It means that the broker has obtained a license to operate as a broker in the country and is protected by its laws. Just like regulated brokers, if there is a legal issue, it will be resolved in the area of origin of the broker's license.

Continue Reading at Forex Regulation Insights: Defining Your Broker's Status

easyMarkets does. The only 1 pip fixed spread currently applies for USD/JPY on the MT4 platform only.

Continue Reading at 1 Pip Fixed Spread Forex Brokers: Are There Any?