Although not an island, Belize is a well-known offshore jurisdiction in Central America that is home to many forex brokers and other financial firms from around the world. The country is known to impose few restrictions in terms of how forex brokers are allowed to operate, with high leverage and otherwise flexible trading conditions being the norm.
Unlike some other offshore countries, Belize regulates all forex brokers that have registered offices in the country. The national regulator is called the International Financial Services Commission (IFSC), but it is known to take a relatively relaxed approach to regulating forex brokers. As such, trading leverage for non-professional traders in Belize is among the highest anywhere in the world, at up to 1:1,000.