Saint Vincent and the Grenadines has for a long time been one of the most popular offshore forex broker jurisdictions. The Caribbean island nation is today home to many ECN forex brokers, some of which offer trading leverage as high as 1:1,000 for eligible traders. Like many other of the typical offshore jurisdictions in the Caribbean, Saint Vincent and the Grenadines does not regulate forex brokers.
ECN forex brokers are particularly popular among professional traders because they offer some of the tightest spreads in the industry. To keep trading costs as low as possible, these high-volume traders prefer to pay commissions on their trades instead of wide spreads between their buy and sell prices.