Forex Brokers in British Virgin Islands
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.
| Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
|---|---|---|---|---|---|
| OANDA British Virgin Islands 1995 | CFTC/NFA 0325821 FCA (UK), 54257 FSA (Japan), 1571 FSC (BVI), SIBA/L/20/1130 Kanto Local Finance Bureau (Japan), 2137 MFSA, 18.12.2020 | 1:50 | $1 | Review | |
| FIBOGroup Austria 1998 |
CySEC, 118/10 FSC (BVI), SIBA/L/14/1063 | 1:1000 | $1 | Review | |
| Forex4You British Virgin Islands 2007 | FSC (BVI) SIBA/L/12/1027 The Financial Commission, 22.10.2019 | 1:1000 | $1 | Review | |
| MultiBank Australia 2005 | ASIC 416279 BaFin, 73406 DFSA (Dubai), CL3989 FCA (UK), 481068 FSC (BVI), SIBA/L/14/1068 Ras Al Khaimah Free Trade Zone, IC/2993/10 | 1:500 | $50 | Review | |
| Forexite British Virgin Islands 1999 | IFSC (Belize) 142/168 | 1:100 | $1 | Review | |
| IFC Markets British Virgin Islands 2006 | CySEC 147/11 FSA (Labuan), MB / 20/004 FSC (BVI), SIBA/L/14/1073 | 1:400 | $1 | Review |
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.
FAQ
What is the best forex broker in British Virgin Islands?
Finding the best forex broker in British Virgin Islands is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from British Virgin Islands, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.
Where can I trade forex in British Virgin Islands?
The list in this page can be a good reference if you look to trade with in British Virgin Islands. We have sorted specific forex brokers that accept clients from British Virgin Islands, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.
What is the best forex broker for beginners?
If you are a beginner and looking for the right broker to trade with in British Virgin Islands, some aspects that you need to pay attention to are the low minimum deposit, demo account, and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.
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