The Cayman Islands is one of the biggest and most popular offshore financial centers in the world, and the island nation also has its fair share of forex brokers registered there. All forex brokers in the Cayman Islands are regulated by the Cayman Islands Monetary Authority (CIMA), which also functions as the Caribbean island’s central bank.
Forex brokers in the Cayman Islands enjoy a hands-off approach to their business from the government. This means that they can offer flexible trading conditions and high trading leverage to their clients. The government’s approach has contributed to making the island a hub for forex brokers from all around the world. Among these are also some major international forex brokers that may have their headquarters elsewhere, but choose to have their non-EU and non-US clients trade through the Cayman Island-registered entity.