The Marshall Islands is home to a number of low spread forex brokers, some of which are headquartered there and some which have their main office elsewhere. In either case, the country does not regulate forex brokers, which means that the brokers that are registered there are free to operate in whatever way they see fit.
As an open jurisdiction that welcomes forex brokers from around the world, competition between brokers in the Marshall Islands is fierce, and some of them offer ultra-low spreads combined with high leverage to attract traders. In fact, leverage of up to 1:1,000 is not uncommon in the Marshall Islands. In addition, forex brokers in jurisdictions like the Marshall Islands generally offer a very simple user registration and verification process, which makes it fast and easy for anyone to get started trading.