Binary Options brokers in the British Virgin Islands are overseen by the British Virgin Islands Financial Services Commission (BVIFSC). This is a relatively hands-off regulator that gives brokers a high degree of freedom to conduct their business in the way they want. Unlike regulators in some other countries, the British Virgin Islands also continues to allow binary options trading.
Since the British Virgin Islands regulate binary options brokers, and all other types of brokers, trading with a broker based here may be a safer choice than some of the other less regulated jurisdictions. The island nation also has a long history as a banking and offshore financial center, with laws based on the British legal system. This means that the brokers operating here are held to certain standards, which should give traders some peace of mind.