CIMA Regulated Forex Brokers
The Cayman Islands Monetary Authority (CIMA) is the primary financial services regulator of the Cayman Islands. CIMA is responsible for managing the Cayman Islands currency, regulating and supervising financial services, providing assistance to overseas regulatory authorities, and giving advice to the Cayman Islands government on financial-services regulatory matters.
The Cayman Islands is also known for its liberal laws and investor-friendly regulations that made it one of the most prominent tax havens in the world. It offers significant tax benefits, strong privacy laws, and a relaxed regulatory structure. Thus, it doesn’t come as a surprise that the majority of forex brokers in the Cayman Islands are enjoying a tax-free regime and relaxed regulatory guidelines. The upside is that they can offer much more flexible trading conditions compared to other brokers regulated in stricter jurisdictions.
Here is the list of forex brokers regulated by the CIMA:
| Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
|---|---|---|---|---|---|
|
ATC Brokers Cayman Islands 2005 |
Cayman Islands Monetary Authority 1448274 FCA (UK), 591361 |
1:200 | $5000 | Review | |
|
HYCM Hong Kong 1977 |
Cayman Islands Monetary Authority, 1442313 CySEC 259/14 DFSA (Dubai), 000048 FCA (UK), 186171 FSA (St. Vincent & the Grenadines), 25228 |
1:325 | $100 | Review | |
|
TradeView Forex Cayman Islands 2006 |
Cayman Islands Monetary Authority, 585163 |
1:400 | $100 | Review | |
|
EverFX Cyprus 2015 |
Cayman Islands Monetary Authority, 1444866 CNMV (Spain) 4256 CySEC, 301/16 FCA (UK), 763771 |
1:500 | $250 | Review | |
|
Your FX Broker Cayman Islands 2020 |
Cayman Islands Monetary Authority, 585163 |
1:100 | $100 | Review | |
|
Vantage FX Australia 2006 |
ASIC #ACN 140 903 886 Cayman Islands Monetary Authority, 1383491 FCA (UK), 501057 Vanuatu Financial Services Commission, 700271 |
1:500 | $200 | 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.
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