Offshore Forex Brokers in the Cayman Islands

All offshore forex brokers and other companies that are offering financial services in the Cayman Islands are required to be regulated by the Cayman Islands Monetary Authority (CIMA). In addition to its responsibility to supervise forex brokers, CIMA is also tasked with overseeing the Cayman Islands’ currency, the Cayman Islands dollar.

Although the Cayman Islands does regulate its forex brokers, regulations here are generally much more relaxed than in onshore jurisdictions like Europe and North America. Although this can bring some risks for non-professional forex traders, it also means more flexible trading conditions and much higher trading leverage than what is possible to get in strictly regulated countries.