Like many other Caribbean nations, Saint Kitts and Nevis is also home to a fair number of low spread forex brokers and other companies in the financial services industry. However, low spreads are not necessarily the rule, and other brokers may offer trading conditions that are worse than the highly regulated brokers in Europe and North America.
Traders should be aware that Saint Kitts and Nevis does not regulate or otherwise license any type of forex brokers operating out of the country. However, the brokers that are based there usually also have offices registered in well-regulated jurisdictions, such as the UK and Australia. Sometimes, traders can choose which entity they want to sign up and trade with, although the broker’s guidelines may differ depending on which country the trader is from.