Saint Lucia is a Caribbean island nation in the Windward Islands where many forex brokers and other offshore companies have chosen to register their business. The nation is not the most popular offshore jurisdiction for forex brokers to incorporate, but is nonetheless home to a notable selection of global forex brokers. Among other things, forex brokers in Saint Lucia are able to offer very high leverage, sometimes going as high as 1:1000.
Unlike in some other offshore jurisdictions, most (but not all) forex brokers registered in Saint Lucia are regulated by the national financial regulator, the Financial Services Regulatory Authority (FSRA). While this may not be very significant in practice, it does mean that at least some basic protections are in place for traders.