Just like many other so-called offshore countries in the Caribbean, Saint Kitts and Nevis does not regulate or otherwise supervise forex brokers that operate out of its territory. Instead, these brokers are merely registered as legal business entities. However, many of the forex brokers in Saint Kitts and Nevis are still regulated in other countries where they also have local branches.
To compensate for the lack of government regulation in Saint Kitts and Nevis, some forex brokers there have joined private regulatory bodies such as the Financial Commission. These are independent organizations that in some cases can settle disputes between traders and brokers, and even pay out compensations under certain conditions.