In the British Virgin Islands, all forex brokers are regulated by the British Virgin Islands Financial Services Commission (BVIFSC). The country is known for its robust legal system and business-friendly environment, which makes it a perfect base for high leverage forex brokers to serve traders all over the world.
The reason why only a few forex brokers are registered in the British Virgin Islands is most likely that other Caribbean islands offer even easier registration with no regulation whatsoever. However, regulators in the British Virgin Islands still largely take a hands-off approach, and allows forex brokers to offer high trading leverage of up to 1:1,000 for retail clients.