In the Cayman Islands, some brokers are regulated by the Cayman Islands Monetary Authority (CIMA), while others are not. This is also true for binary options brokers in the Cayman Islands, and it is known that some of these brokers operate from the country without government oversight.
The hands-off approach by the Cayman Islands government towards binary options brokers means that these brokers are largely free to operate in the way they see fit. The selection of tradeable assets, and the available trading leverage (for FX trading), may therefore often be greater in the Cayman Islands than in many other countries. Binary options brokers in the Cayman Islands accept clients from most countries in the world, usually with the exception of only the US and a few other nationalities.