The British Virgin Islands is one of the best-known offshore islands to register companies in today. The island has a stable political environment and enjoys a strong legal framework based on British law that protects both forex brokers and traders.
Forex brokers in the British Virgin Islands are required to hold a license from the national financial regulator known as the British Virgin Islands Financial Services Commission (BVIFSC). The process of obtaining a brokerage license here is a bit more complicated than in some of the other offshore jurisdictions. However, this also means that the brokers who hold it are serious players in the forex brokerage business. Unregulated forex brokers are not allowed to operate out of the British Virgin Islands.