In the British Virgin Islands, all forex brokers are regulated by the Securities Commission of the Bahamas, otherwise known as the SCB. This is a well-respected government regulator with long experience in overseeing all types of financial services firms, given the British Virgin Islands’ long history of attracting companies from all over the world to incorporate in the country.
The British Virgin Islands is known for its low taxes and business-friendly regulations, which has served as a magnet for forex brokers over the years. Today, the British Virgin Islands remains popular among both forex brokers and traders, with many of them offering some of the highest trading leverage that exists in the forex broker industry.