The Seychelles has for a number of years been a popular offshore jurisdiction for forex brokers and other international business companies in a number of industries. The island nation offers forex brokers loose oversight and flexibility in their business, which usually translates into higher trading leverage and a simple registration process for forex traders.
Financial services companies and forex brokers in the Seychelles are officially overseen by the Financial Services Authority Seychelles. However, it is known that some forex brokers operate as legal businesses registered in the Seychelles without being regulated by the Financial Services Authority. Some of these forex brokers have instead chosen to join independent financial dispute resolution organizations to compensate for the loose oversight in the Seychelles.