The British Virgin Island has for a long time been a popular offshore jurisdiction for all kinds of companies, and that includes a fair number of forex brokers offering low spreads and high trading leverage. Due to its history as part of the British Commonwealth, the British Virgin Islands has a solid legal system based on British common law, providing necessary assurances to both forex brokers and traders.
All low spread forex brokers in the British Virgin Islands are regulated by the British Virgin Islands Financial Services Commission (BVIFSC). Although this is a regulator that takes a much more laid-back approach to financial regulations that for example European and American regulators, the BVIFSC still has long experience with overseeing companies in the financial sector. As such, trading with a forex broker based in the British Virgin Islands is generally considered a safe choice.