Dominica is another Caribbean country that for a long time has been popular as an offshore jurisdiction for forex brokers and other financial services companies. The country is a former British colony, with a legal framework still based on English law.
Under the current system, forex brokers in Dominica are not regulated by any government regulator. Instead, some are members of independent dispute resolution organizations, while others are not. Since Dominica does not regulate forex brokers, it is an attractive jurisdiction for brokers from around the world to register their company in a quick and easy way. This also allows for more flexible conditions for forex traders, and no restrictions on the amount of trading leverage available.