Belize has for many years been one of the most popular jurisdictions for offshore company formations, and a number of forex brokers – some of which offer very low spreads – have set up local branches in this Central American nation to serve traders across the globe.
All companies offering financial services in Belize, including low spread forex brokers, are overseen by the International Financial Services Commission of Belize. This is a regulator that largely takes the classic hands-off approach to the forex brokerage business that the country is known for.
As a result of the lax regulation, trading leverage with Belize-registered forex brokers can often be as high as 1:1,000, even for non-professional traders. At the same time, strong competition between brokers ensure low spreads often coupled with commission-free trading, particularly for traders who make larger deposits.