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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

  1. IC Markets: If you fund your capital using Skrill on IC Markets, it will be processed instantly, but they only accept AUD, USD, JPY, EUR, SGD, and GBP currencies.
  2. FP Markets: In this broker, Skrill payments only accept USD, EUR, and GBP currencies.
  3. FBS: Skrill deposits are free, but there's a 1% commission for withdrawals.
  4. HF Markets: The minimum deposit is $10 and will be processed within 10 minutes with no fee.
  5. OctaFX: If you keep your funds in your Skrill account in Euro, depositing the OctaFX Euro account requires no conversion.
  6. Vantage: Payment using Skrill in this broker only accepts USD, EUR, GBP, and CAD currencies that will be processed within 24 business hours.

Continue Reading at Skrill for Forex Traders: Benefits and Brokers to Choose

  1. Normally, a trader has to trade with a certain number of volumes before withdrawing the profits derived from the no deposit bonus.
  2. A welcome bonus requires a deposit from a trader for getting this bonus.
  3. The deposit match bonus typically has a minimum deposit requirement, a maximum limit, and the broker matches a trader's deposit at a preset percentage, typically ranging from 30% to 300%.

Bonus schemes from forex brokers have some requirements regarding how much your initial deposit should be or how much you need to trade if you intend to withdraw profits. The requirements may be okay for some traders, but some others may see them as a source of frustration.

Continue Reading at Exposing Forex Broker Secrets

Forex Trading with a trusted broker is a key factor in securing your profit. Fair forex brokers will transmit your requested market order without any intervention, which means no re-quote or fake slippage. In turn, this fair forex trading condition will make each pip (profit) gain more transparent and consistent.

Continue Reading at How to Earn Consistent Profit from Forex Trading

Below are 5 real cases of scam brokers:

  1. 4XP Broker: FPA declared 4XP as a scam and blacklisted it
  2. SkyFx: After its owner was involved in illegal activities, CySEC no longer regulates SkyFX
  3. Forex-Metal: FPA confirmed the company as a scam after clients complained of withdrawal failure
  4. Masterforex (MFX Broker): Following suspicious investment, IFSC Belize announced that they had revoked MFX's license
  5. IronFX: In 2015, CySEC confirmed the broker for scams, but has not yet revoked its license

Continue Reading at 5 True Stories of Forex Broker Scams


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