In the Bahamas, forex brokers are regulated by the Securities Commission of the Bahamas (SCB). This regulator enjoys a strong reputation around the world, partly because it has managed to balance the need to attract forex brokers to the island, while also providing the necessary legal framework and financial transparency.
The Caribbean island has been a popular jurisdiction for US and European financial services companies for many years, but has in recent times lost some of this business to other offshore jurisdictions in the same region.
However, the Bahamas is still considered a trusted country by both forex brokers and traders. The nation is a stable democracy with laws based on British common law. It also complies with all international rules concerning anti-money laundering, and banks will therefore not question any transfers into or out of the Bahamas.