Forex brokers in Costa Rica may be legally registered as a business, but are not necessarily regulated by any government regulator. This usually means that there are fewer investor protection programs in place. Because of this, it’s important that traders do their own research first if they consider signing up with an unregulated forex broker.
Despite the loose oversight, Costa Rica is not as popular as an offshore jurisdiction as many of the Caribbean islands are. The financial sector is also not as important to Costa Rica as it is to many of the other countries in the region. Still, a small number of binary options and forex brokers continues to have local entities registered there, with traders enjoying the favorable trading conditions that offshore brokers sometimes offer.