Bvifsc regulated brokers

Huge forex bonuses

BVIFSC regulated brokers enjoy numerous advantages, however, they also face several drawbacks that are usually associated with brokers that are trying to set up in tax havens with the sole intention of reducing operational expenditure and saving on taxes. Forex brokers british virgin islands enjoy several tax breaks that virtually guarantee a zero tax structure on all corporate as well as personal income. BVI also has no taxes on capital gains, which enables several hedge funds and asset management firms to enjoy 100% profits by setting up a company in the country. Forex brokers are especially attracted to the negligible taxation, which helps them to increase revenue and lower their outflow. The BVIFSC has a comprehensive regulatory framework that stipulates a few terms and conditions that are to be followed by regulated members for ensuring that they continue to hold a valid financial license. However, the BVIFSC regulatory guidelines are pretty straightforward and rudimentary and do not contain any policies that are followed by established regulatory agencies according to the global regulatory initiatives. BVIFSC forex brokers are not required to hold any amount of minimum capital, neither do these brokers have to keep client funds in segregated accounts. All financial dealings and transactions are, however, audited by the BVIFSC, but the existing procedure in place prevents the BVIFSC from having control over the liquidation proceedings and protecting client funds in the case of broker insolvency. On the other hand, BVIFSC regulated brokers should follow several other regulatory guidelines such as avoiding insider trading, indulging in financial scams within the BVI, and other aspects that are aimed to protect the BVI economy. The country enforces its regulatory powers through the securities and investment business act of 2010, which was created alongside the BVIFSC for streamlining the process of regulation. BVIFSC is also known to be partial to its member brokers, and there are rarely any instances where brokers are penalized for their actions. In fact, most scams and consumer abuse go undetected due to the strict secrecy law and the lack of any consumer protection protocols in place, which enables BVIFSC regulated brokers to have a free reign over their customers without any intervention from the regulator. It is also close to impossible to get in touch with the BVIFSC to report any financial crimes or fraudulent practices, as the BVIFSC does not have any protocol in place to investigate or initiate actions against its member firms. The BVIFSC may at times seem to support its companies in a bid to keep the companies from moving to other tax havens, as the BVI concentrates on generating revenue by attracting companies from all over the world to set up their business in the country.

BVIFSC forex brokers & regulation on the british virgin islands

The british virgin islands financial services commission (BVIFSC) is gathering substantial attention from the forex trading community due to the some of the most amazing benefits offered by the country. BVIFSC regulated brokers enjoy numerous advantages; however, they also face several drawbacks that are usually associated with brokers that are trying to set up in tax havens with the sole intention of reducing operational expenditure and saving on taxes. Forex brokers british virgin islands enjoy several tax breaks that virtually guarantee a zero tax structure on all corporate as well as personal income. BVI also has no taxes on capital gains, which enables several hedge funds and asset management firms to enjoy 100% profits by setting up a company in the country. Forex brokers are especially attracted to the negligible taxation, which helps them to increase revenue and lower their outflow.

Our recommended forex brokers

The appeal of forex brokers in british virgin islands

The small island nation in the caribbean is home to a huge proportion of offshore companies that flock to the region for enjoying the various tax benefits and for carrying out their financial operations without any significant restrictions. Apart from the common anti-money laundering laws and other aspects of financial dealings that promote terrorism, the BVI has been successful in attracting a large number of entrepreneurs who are looking for a safe and stable economy that is devoid of any personal or corporate taxes. The BVI also has a relatively easy company incorporation procedure set in place to enable companies to set up their business without any considerable hurdles. Unlike countries such as the US, the UK, and other regions of the EU, the british virgin islands is considered as one of the primary investment destinations for both new as well as existing entrepreneurs. Some countries are highly vocal about their displeasure on citizens setting up their companies in BVI, but the country’s strong secrecy and anonymity laws help investors to establish and operate their business in the british virgin islands without facing any backlash. Ever since the early 2000s, forex brokers also found it immensely beneficial to set up their brokerage in the british virgin islands. The country did not have any dedicated regulatory agency, and it was easy for any company to set up their brokerage with virtually no regulatory oversight. However, increasing criticisms from the financial community saw the country slowly moving away from its no regulation policy and introduced the british virgin islands financial services commission with the sole intention of regulating and supervising all types of financial firms that operate out of the country. The BVIFSC was introduced in the year 2010, and have been playing an integral part in regulating BVIFSC forex brokers to ensure that all financial companies are regulated according to the global standards of regulation. Although regulation is one of the important aspects of enhancing trust among traders, BVIFSC regulated brokers do not carry the same amount of reputation enjoyed by other regulated brokers, especially from the US, the UK, australia, and other major nations of the EU.

How is BVIFSC different from other agencies?

The BVIFSC has a comprehensive regulatory framework that stipulates a few terms and conditions that are to be followed by regulated members for ensuring that they continue to hold a valid financial license. However, the BVIFSC regulatory guidelines are pretty straightforward and rudimentary and do not contain any policies that are followed by established regulatory agencies according to the global regulatory initiatives. BVIFSC forex brokers are not required to hold any amount of minimum capital, neither do these brokers have to keep client funds in segregated accounts. All financial dealings and transactions are, however, audited by the BVIFSC, but the existing procedure in place prevents the BVIFSC from having control over the liquidation proceedings and protecting client funds in the case of broker insolvency. On the other hand, BVIFSC regulated brokers should follow several other regulatory guidelines such as avoiding insider trading, indulging in financial scams within the BVI, and other aspects that are aimed to protect the BVI economy. The country enforces its regulatory powers through the securities and investment business act of 2010, which was created alongside the BVIFSC for streamlining the process of regulation. BVIFSC is also known to be partial to its member brokers, and there are rarely any instances where brokers are penalized for their actions. In fact, most scams and consumer abuse go undetected due to the strict secrecy law and the lack of any consumer protection protocols in place, which enables BVIFSC regulated brokers to have a free reign over their customers without any intervention from the regulator. It is also close to impossible to get in touch with the BVIFSC to report any financial crimes or fraudulent practices, as the BVIFSC does not have any protocol in place to investigate or initiate actions against its member firms. The BVIFSC may at times seem to support its companies in a bid to keep the companies from moving to other tax havens, as the BVI concentrates on generating revenue by attracting companies from all over the world to set up their business in the country.

Is it possible to find authentic BVIFSC regulated forex brokers?

Although the existing regulatory procedure of the BVIFSC is conducive to broker scams and other fraudulent financial activities, the british virgin islands is indeed against providing a free environment for companies that have a negative reputation in the industry. Some forex brokers genuinely operate out of the BVI to enjoy tax breaks and will have its regulatory status from other parts of the world such as the US and the EU to ensure that they provide a safe and reliable trading environment for their clients. Some of the popular and mainstream forex brokers are run by larger parent companies that may have their presence in the BVI; therefore, not all BVI regulated brokers should be considered as a scam. Some reliable and authentic brokers concentrate on providing good brokerage services without succumbing to the perils of being associated with BVIFSC regulation.

Factors to consider before choosing A BVIFSC forex broker

As an investor, who is considering the services of a BVIFSC regulated broker due to the advantages that it offers, make sure to do your research before investing your money with them. You should browse through different trader testimonials and learn more about the operational history of a company before opting to join them, as most online resources should have detailed information about a broker along with genuine customer reviews. It would be safe to stay away from new brokers unless they come highly recommended by other traders, or you should test out the services by making a small deposit and ensuring that they are indeed genuine, before investing your entire trading capital with them. It would also be a great strategy to split up your trading capital between different brokers, which will help you to determine the authenticity of a broker and preserve your money against any broker scams. You can gain a fair idea of the authenticity of a broker by contacting them directly for information related to the core operating principles of a company; since trustworthy and genuine brokers are always transparent in their services. If a broker is willing to provide you any broker information without fail, you may trust the broker; but if the broker sounds shady or does not impart any useful information, you are better off moving to another regulated broker.

Top bvifsc brokers for 2021

We found 11 online brokers that are appropriate for trading bvifsc.

Best bvifsc brokers guide

BVIFSC brokers

BVIFSC brokers play an important role in the global financial community, facilitating investing in the british virgin islands (BVI), one of the countless exotic and beautiful caribbean islands.

The BVI offers amazing tax breaks to individuals as well as corporations that guarantee a 0% tax structure.

The group of islands also offers a 0% tax on capital gains. This means investors can enjoy hundred-percentage of their profits.

All these benefits to companies and investors have paved the way to the rise of broker development and gradually more and more BVIFSC brokers are being granted operational licenses by the islands' regulatory body.

BVIFSC regulation

The BVIFSC regulation body was introduced in the year 2021 following the influx of traders and brokerages in great number.

It regulates financial companies and plays an important role in regulating the forex market in the group of islands.

BVIFSC responsibilities

The primary responsibilities of the BVIFSC are to maintain transparency and integrity of the financial markets in BVI.

The regulatory body protects investors and traders.

It regulates the financial markets. It supervises the companies and enforces set rules. It oversees that there is no wrong doing by BVIFSC brokers and helps traders and firms to invest in the BVI.

BVIFSC and investors

For years the british virgin islands have been an attractive destination for traders and investors from across the world due to the zero-percentage tax structure.

The BVIFSC has stringent guidelines to be followed by companies and BVIFSC brokers to protect investors and investments in the islands.

It keeps a check on fraudulent activities and builds up confidence among traders that financial entities are completely regulated.

If companies and BVIFSC brokers indulge in fraudulent activities, the regulatory body takes action against them, this in return protects the investors.

BVIFSC brokers' guidelines

Regulatory body has set up various guidelines for the BVIFSC brokers to ensure the financial practices are transparent, safe and secure.

The rules try to maintain integrity in financial entities.

All the BVIFSC are asked to advertise their services in a true and fair way.

There should be no misrepresentation of facts in their promotional campaigns that could be intended to sway investors.

Along with all these, the BVIFSC brokers are to provide financial audits and other such reports to the regulatory body periodically.

BVIFSC verdict

The supervision of the BVIFSC regulatory body in the british virgin islands is strong and since 2010 investors have gained more confidence to invest in the financial markets here.

The top priority to choose to invest here is the zero-percentage tax structure.

In recent years the influx of investors and companies has increased several folds.

Amid such rising demand more BVIFSC brokers have come into existence to help companies and individuals to trade in the british virgin islands.

The BVI is well regulated and protection of investors is the utmost priority for BVIFSC, which ensures no fraudulent activities are practiced across the islands by financial entities and BVIFSC brokers.

The regulatory authority strives to keep the financial environment free of fraud and transparency is maintained at each level of investment.

We've collected thousands of datapoints and written a guide to help you find the best bvifsc brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best bvifsc brokers below. You can go straight to the broker list here.

Reputable bvifsc brokers checklist

There are a number of important factors to consider when picking an online bvifsc trading brokerage.

Check your bvifsc broker has a history of at least 2 years.

Check your bvifsc broker has a reasonable sized customer support of at least 15.

Does the bvifsc broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

Check your bvifsc broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.

Does your bvifsc broker have an international presence in multiple countries. This includes local seminar presentations and training.

Make sure your bvifsc can hire people from various locations in the world who can better communicate in your local language.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering bvifsc brokers.

We compare these features to make it easier for you to make a more informed choice.

Minimum deposit to open an account.

Available funding methods for the below bvifsc brokers.

What you are able to trade with each brokerage.

Trading platforms offered by these brokers.

Spread type (if applicable) for each brokerage.

Customer support levels offered.

We show if each brokerage offers micro, standard, VIP and islamic accounts.

Top 15 bvifsc brokers of 2021 compared

Here are the top bvifsc brokers.

Compare bvifsc brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are bvifsc brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more bvifsc brokers that accept bvifsc clients

All bvifsc brokers in more detail

You can compare bvifsc brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth top bvifsc brokers for 2021 article further below. You can see it now by clicking here

We have listed top bvifsc brokers below.

Bvifsc brokers table of contents

Bvifsc brokers explained

Trading the financial markets with bvifsc brokers when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for bvifsc brokers is the platform that a bvifsc brokers offer.

Choose bvifsc brokers that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need bvifsc brokers that you can rely on.

6 factors to consider when choosing bvifsc brokers

Follow these five rules for selecting a broker that's right for you:

Are your bvifsc brokers trusted and established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated bvifsc broker is XTB. Established in 2002, and in operation for 16 years XTB have a head office in poland.

XTB is regulated. This means XTB are supervised by and is checked for conduct by financial conduct authority (FCA), FCA number FRN 522157, cyprus securities and exchange commission (cysec), cysec licence number: 169/12, comisión nacional del mercado de valores, komisja nadzoru finansowego, belize international financial services commission (IFSC) under license number IFSC/60/413/TS/19, polish securities and exchange commission (kpwig) regulatory bodies.

Another top rated broker is FP markets.

FP markets was established 2005, and in operation for 15 years FP markets have a head office in australia.

FP markets is regulated. This means FP markets are supervised by and is checked for conduct by financial conduct authority (FCA), FCA number FRN 522157, cyprus securities and exchange commission (cysec), cysec licence number: 169/12, comisión nacional del mercado de valores, komisja nadzoru finansowego, belize international financial services commission (IFSC) under license number IFSC/60/413/TS/19, polish securities and exchange commission (kpwig) regulatory bodies.

Broker	XTB	FP markets	plus500	HY markets	axitrader	swissquote
year established	2002	2005	2008	1977	2007	1999
head office	poland	australia	israel	UK	australia	switzerland
regulation	financial conduct authority (FCA), FCA number FRN 522157, cyprus securities and exchange commission (cysec), cysec licence number: 169/12, comisión nacional del mercado de valores, komisja nadzoru finansowego, belize international financial services commission (IFSC) under license number IFSC/60/413/TS/19, polish securities and exchange commission (kpwig)	australian securities and investments commission (ASIC), cyprus securities and exchange commission (cysec)	plus500uk ltd authorized & regulated by the FCA (#509909), plus500cy ltd authorized & regulated by cysec (#250/14), plus500au pty ltd (ACN 153301681), ASIC in australia AFSL #417727, FMA in new zealand, FSP #486026 and authorised financial services provider in south africa FSP #47546	financial conduct authority (FCA), FCA reference number 186171, cyprus securities and exchange commission (cysec), cysec license number 259/14, cayman islands monetary authority (CIMA), CIMA reference number 1442313, dubai financial services authority (DFSA), DFSA license number 000048	financial conduct authority (FCA), australian securities and investments commission (ASIC), dubai financial services authority (DFSA)	financial conduct authority (FCA)
used by	250,000+	10,000+	15,500+	10,000+	10,000+	300,000+
negative balance protection	yes	yes	yes	no	no	no
guaranteed stop loss	no	no	no	no	no	no
learn more	visit XTB	visit FP markets	visit plus500	visit HYCM	visit axitrader	visit swissquote
risk warning	82% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.	Losses can exceed deposits	76.4% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.	Losses can exceed deposits	losses can exceed deposits	losses can exceed deposits

Are the bvifsc brokers world leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. XTB segregates clients funds and offers over 4000 instruments. XTB offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, XTB supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. XTB is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking for bvifsc brokers is FP markets . FP markets segregates clients funds and offers over 100 instruments.

Broker	XTB	FP markets	plus500	HY markets	axitrader	swissquote
instruments available	4000	100	2500	100	100	100
platforms	MT4, mirror trader, web trader, tablet & mobile apps	MT4, MT5, IRESS, mac, web trader, tablet & mobile apps	web trader, tablet & mobile apps	MT4, tablet & mobile apps	MT4, mac, zulutrade, web trader, tablet & mobile apps	MT4, MT5, zulutrade, web trader, tablet & mobile apps
excluded countries	US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR	US, JP, NZ	MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE	US	US, JP	US
forex pairs offered	57	60	100	40	100	150
forex pairs offered	57	60	100	40	100	150
major forex pairs	yes	yes	yes	yes	yes	yes
minor forex pairs	yes	yes	yes	yes	yes	yes
exotic forex pairs	yes	yes	yes	yes	yes	yes
cryptocurrencies (availability subject to regulation)	yes	yes	yes	yes	yes	no
commodities offered	21	18	17	10	20	7
metals	yes	yes	yes	yes	yes	yes
energies	yes	yes	yes	yes	yes	yes
agricultural	yes	yes	yes	yes	yes	no
stocks offered	1696	10000	1816	10	1000	0
UK shares	yes	yes	yes	no	yes	yes
US shares	yes	yes	yes	yes	yes	yes
german shares	yes	yes	yes	no	yes	yes
japanese shares	yes	yes	yes	no	yes	yes

What are the bvifsc brokers commissions and fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated bvifsc broker XTB offers competitive offers for forex, cfds, cryptocurrency. XTB minimum deposit is 0.

Another top rated bvifsc broker FP markets offers forex, cfds. FP markets minimum deposit is 100. Please note that any cryptocurrency availability with any broker is subject to regulation.

Broker	XTB	FP markets	plus500	HY markets	axitrader	swissquote
min deposit	0	100	100	100	0	1000
withdrawl fees	varies	no	no	varies	varies	no
inactivity fees	no	no	yes	yes	no	no
deposit fees	no	yes	no	no	varies	no
CFD commission fees	yes	yes	no	no	yes	no

What are the bvifsc brokers funding and withdrawal methods?

When dealing with bvifsc brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	XTB	FP markets	plus500	HY markets	axitrader	swissquote
bank transfer	yes	yes	yes	yes	yes	yes
credit cards	yes	yes	yes	yes	yes	yes
paypal	yes	yes	yes	yes	no	no
skrill	yes	yes	yes	yes	no	no
payoneer	yes	no	no	yes	yes	yes
neteller	yes	yes	no	yes	yes	no

Find bvifsc brokers with round-the-clock support?

Customer service is very important when dealing with bvifsc brokers.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

Bvifsc brokers customer support can include phone answering services, live chat support and email customer service support.

XTB support a wide range of languages including english, spanish, czech, chinese, german, french, italian, polish, portuguese, romanian, slovenian, and turkish

FP markets support a wide range of languages including english, spanish, portuguese, romanian, bulgarian, arabic, russian, french, italian, greek, philippines, latvian, polish,indonesian, thai, malay, german, vietnamese

XTB and FP markets offer support where clients are able to call or contact the helpdesk via email or a chat service.

Make sure the bvifsc brokers offer comprehensive trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, XTB and FP markets work together to bring the latest news and insights to traders.

For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.

Why do bvifsc brokers need to be regulated?

A regulated bvifsc broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Bvifsc brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

BVIFSC forex brokers

The virgin islands, or better known as the british virgin islands, are an island group best known as one of the remaining british overseas territories in the caribbean and an offshore tax haven. The secrecy laws and the 0% tax have attracted offshore businesses for decades, with over 41% of them currently being in the virgin islands. For obvious reasons, forex brokers were also attracted and started moving the businesses to this part of the caribbean archipelago. This brought the need for regulatory bodies and the ultimate response was the financial services commission (FSC).

The 2010 securities and investment business act finally formed a statewide regulatory law and obligated forex brokers in the british virgin islands to comply. While there were many brokers ignoring the regulation at first, we can say most of the forex business in BVI is now authorized – traders are always encouraged to investigate the regulation before taking up business with a specific broker.

Financial services commission regulation

The british virgin islands financial services commission authorizes and actively regulates the financial market and brokerages, constantly monitoring the activities. Providing the regulation, the BVIFSC has brought more reliability and transparency into the business and further built the client confidence with the regulated brokers.

However, there are certain limitations to financial services commission’s efficiency with no requirements on the minimum capital, segregated client accounts, or the compensation scheme imposed by the markets in financial services directive in an attempt to synchronize the regulation throughout the european union. There are improvements in regulation and the laws that need to be implemented to further satisfy the end-customer needs, but the FSC indeed brings the much-needed directive and the ease of mind to traders with BVIFSC regulated brokers.

How are BVIFSC licenses issued?

Understanding what it takes for a forex broker to obtain a license from a particular regulator can go a long way in helping traders make up their minds if they want to trade with brokers licensed by that regulatory body. For this reason, we will try to explain what it means to become a BVIFSC regulated forex broker. First and foremost, the company needs to establish an office in the british virgin islands. Requiring a physical presence in the country is always reassuring, as it provides traders with an extra layer of safety. It is much different to send your money to an offshore address thousands of miles away as opposed to dealing with a company situated in your neighborhood. Next, all british virgin islands forex brokers are required to submit a clear and concise business plan, along with relevant accompanying documents.

These documents cover different company rules and manuals, explaining business practices, procedures, etc. Only when the company submits all the required documents and have an established location in the country, their application will be reviewed. This review process is very thorough and detailed, which ensures that no shady brokers will fall through the cracks. It can take several months between the moment an application is submitted and the moment the license is issued; and that only happens if the review process finds everything is in order and the company possesses all prerequisites to start offering brokerage services in the country.

Regulatory organization BVIFSC

BVIFSC (british virgin islands financial services commission) is the financial services commission of the british virgin islands. The regulator was established in 2001 and is under the control of the state. British virgin islands is the offshore zone, therefore, the main mission of the FSC is the BVI anti-money laundering. Under the supervision of the regulator, there are banks, credit organizations, insurance and investment companies, brokers and dealing centers, mortgage and pension funds, and other commercial organizations.

Goals and objectives BVIFSC

The main tasks of BVIFSC include:

The creation of a transparent and competitive market for financial services in the british virgin islands;

Maintaining a high reputation of honest and reliable regulator;

Creation of conditions for attraction of investments and improvement of the offshore zone;

The prevention of money laundering and financing of terrorism;

Licensing of finance companies and exercise oversight over their activities;

Development of standards for effective regulation of the financial sector;

Conduct regular inspections of financial companies and to participate in settlement of disputable situations;

To protect the interests of investors and customers of financial companies;

Informing customers about who the brokers has a license BVIFSC by posting ads on the site controller with a list of brokers licensed;

The blacklisting of fraudsters who on its website published information that they are participants in the regulator BVIFSC, although in reality it is not;

The imposition of disciplinary sanctions and fines on financial companies do not perform their obligations and the requirements of the regulator;

Conduct internal investigations and cooperation with law enforcement.

Despite all the goals and objectives that aims BVIFSC, you should understand that before you regular offshore regulator and obtain its license does not require special efforts. Moreover, in practice, BVIFSC, there were no instances of revocation of licenses of brokerage companies or imposing some strict disciplinary measures, so we cannot guarantee that clients ' claims will be heard and the broker will be punished. But even if that happens, he will be fined, but the client will not reimburse a penny from the received damages. In addition, the regulator BVIFSC no compensation fund, so in case of bankruptcy of the company, the client also will not receive compensation.

Thus, the BVIFSC is the average adjuster, which seeks to create conditions for safe investment and has a special legal status of the participant of the british united kingdom, but do not have the appropriate authority. So if possible, it is better to choose the broker other jurisdictions or to draw attention to another brokerage company as the bank BVIFSC cannot guarantee that customers of financial companies reimbursement of non-market risks.

Top bvifsc brokers for 2021

We found 11 online brokers that are appropriate for trading bvifsc.

Best bvifsc brokers guide

BVIFSC brokers

BVIFSC brokers play an important role in the global financial community, facilitating investing in the british virgin islands (BVI), one of the countless exotic and beautiful caribbean islands.

The BVI offers amazing tax breaks to individuals as well as corporations that guarantee a 0% tax structure.

The group of islands also offers a 0% tax on capital gains. This means investors can enjoy hundred-percentage of their profits.

BVIFSC regulation

The BVIFSC regulation body was introduced in the year 2021 following the influx of traders and brokerages in great number.

It regulates financial companies and plays an important role in regulating the forex market in the group of islands.

BVIFSC responsibilities

The primary responsibilities of the BVIFSC are to maintain transparency and integrity of the financial markets in BVI.

The regulatory body protects investors and traders.

It regulates the financial markets. It supervises the companies and enforces set rules. It oversees that there is no wrong doing by BVIFSC brokers and helps traders and firms to invest in the BVI.

BVIFSC and investors

For years the british virgin islands have been an attractive destination for traders and investors from across the world due to the zero-percentage tax structure.

The BVIFSC has stringent guidelines to be followed by companies and BVIFSC brokers to protect investors and investments in the islands.

It keeps a check on fraudulent activities and builds up confidence among traders that financial entities are completely regulated.

If companies and BVIFSC brokers indulge in fraudulent activities, the regulatory body takes action against them, this in return protects the investors.

BVIFSC brokers' guidelines

Regulatory body has set up various guidelines for the BVIFSC brokers to ensure the financial practices are transparent, safe and secure.

The rules try to maintain integrity in financial entities.

All the BVIFSC are asked to advertise their services in a true and fair way.

There should be no misrepresentation of facts in their promotional campaigns that could be intended to sway investors.

Along with all these, the BVIFSC brokers are to provide financial audits and other such reports to the regulatory body periodically.

BVIFSC verdict

The supervision of the BVIFSC regulatory body in the british virgin islands is strong and since 2010 investors have gained more confidence to invest in the financial markets here.

The top priority to choose to invest here is the zero-percentage tax structure.

In recent years the influx of investors and companies has increased several folds.

Amid such rising demand more BVIFSC brokers have come into existence to help companies and individuals to trade in the british virgin islands.

The regulatory authority strives to keep the financial environment free of fraud and transparency is maintained at each level of investment.

Reputable bvifsc brokers checklist

There are a number of important factors to consider when picking an online bvifsc trading brokerage.

Check your bvifsc broker has a history of at least 2 years.

Check your bvifsc broker has a reasonable sized customer support of at least 15.

Does the bvifsc broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.

Check your bvifsc broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.

Does your bvifsc broker have an international presence in multiple countries. This includes local seminar presentations and training.

Make sure your bvifsc can hire people from various locations in the world who can better communicate in your local language.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering bvifsc brokers.

We compare these features to make it easier for you to make a more informed choice.

Minimum deposit to open an account.

Available funding methods for the below bvifsc brokers.

What you are able to trade with each brokerage.

Trading platforms offered by these brokers.

Spread type (if applicable) for each brokerage.

Customer support levels offered.

We show if each brokerage offers micro, standard, VIP and islamic accounts.

Top 15 bvifsc brokers of 2021 compared

Here are the top bvifsc brokers.

Compare bvifsc brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are bvifsc brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more bvifsc brokers that accept bvifsc clients

All bvifsc brokers in more detail

You can compare bvifsc brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth top bvifsc brokers for 2021 article further below. You can see it now by clicking here

We have listed top bvifsc brokers below.

Bvifsc brokers table of contents

Bvifsc brokers explained

Trading the financial markets with bvifsc brokers when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for bvifsc brokers is the platform that a bvifsc brokers offer.

Choose bvifsc brokers that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need bvifsc brokers that you can rely on.

6 factors to consider when choosing bvifsc brokers

Follow these five rules for selecting a broker that's right for you:

Are your bvifsc brokers trusted and established?

Another top rated broker is FP markets.

FP markets was established 2005, and in operation for 15 years FP markets have a head office in australia.

Broker	XTB	FP markets	plus500	HY markets	axitrader	swissquote
year established	2002	2005	2008	1977	2007	1999
head office	poland	australia	israel	UK	australia	switzerland
regulation	financial conduct authority (FCA), FCA number FRN 522157, cyprus securities and exchange commission (cysec), cysec licence number: 169/12, comisión nacional del mercado de valores, komisja nadzoru finansowego, belize international financial services commission (IFSC) under license number IFSC/60/413/TS/19, polish securities and exchange commission (kpwig)	australian securities and investments commission (ASIC), cyprus securities and exchange commission (cysec)	plus500uk ltd authorized & regulated by the FCA (#509909), plus500cy ltd authorized & regulated by cysec (#250/14), plus500au pty ltd (ACN 153301681), ASIC in australia AFSL #417727, FMA in new zealand, FSP #486026 and authorised financial services provider in south africa FSP #47546	financial conduct authority (FCA), FCA reference number 186171, cyprus securities and exchange commission (cysec), cysec license number 259/14, cayman islands monetary authority (CIMA), CIMA reference number 1442313, dubai financial services authority (DFSA), DFSA license number 000048	financial conduct authority (FCA), australian securities and investments commission (ASIC), dubai financial services authority (DFSA)	financial conduct authority (FCA)
used by	250,000+	10,000+	15,500+	10,000+	10,000+	300,000+
negative balance protection	yes	yes	yes	no	no	no
guaranteed stop loss	no	no	no	no	no	no
learn more	visit XTB	visit FP markets	visit plus500	visit HYCM	visit axitrader	visit swissquote
risk warning	82% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.	Losses can exceed deposits	76.4% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.	Losses can exceed deposits	losses can exceed deposits	losses can exceed deposits

Are the bvifsc brokers world leading?

Another good choice when looking for bvifsc brokers is FP markets . FP markets segregates clients funds and offers over 100 instruments.

Broker	XTB	FP markets	plus500	HY markets	axitrader	swissquote
instruments available	4000	100	2500	100	100	100
platforms	MT4, mirror trader, web trader, tablet & mobile apps	MT4, MT5, IRESS, mac, web trader, tablet & mobile apps	web trader, tablet & mobile apps	MT4, tablet & mobile apps	MT4, mac, zulutrade, web trader, tablet & mobile apps	MT4, MT5, zulutrade, web trader, tablet & mobile apps
excluded countries	US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR	US, JP, NZ	MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE	US	US, JP	US
forex pairs offered	57	60	100	40	100	150
forex pairs offered	57	60	100	40	100	150
major forex pairs	yes	yes	yes	yes	yes	yes
minor forex pairs	yes	yes	yes	yes	yes	yes
exotic forex pairs	yes	yes	yes	yes	yes	yes
cryptocurrencies (availability subject to regulation)	yes	yes	yes	yes	yes	no
commodities offered	21	18	17	10	20	7
metals	yes	yes	yes	yes	yes	yes
energies	yes	yes	yes	yes	yes	yes
agricultural	yes	yes	yes	yes	yes	no
stocks offered	1696	10000	1816	10	1000	0
UK shares	yes	yes	yes	no	yes	yes
US shares	yes	yes	yes	yes	yes	yes
german shares	yes	yes	yes	no	yes	yes
japanese shares	yes	yes	yes	no	yes	yes

What are the bvifsc brokers commissions and fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated bvifsc broker XTB offers competitive offers for forex, cfds, cryptocurrency. XTB minimum deposit is 0.

Another top rated bvifsc broker FP markets offers forex, cfds. FP markets minimum deposit is 100. Please note that any cryptocurrency availability with any broker is subject to regulation.

Broker	XTB	FP markets	plus500	HY markets	axitrader	swissquote
min deposit	0	100	100	100	0	1000
withdrawl fees	varies	no	no	varies	varies	no
inactivity fees	no	no	yes	yes	no	no
deposit fees	no	yes	no	no	varies	no
CFD commission fees	yes	yes	no	no	yes	no

What are the bvifsc brokers funding and withdrawal methods?

When dealing with bvifsc brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	XTB	FP markets	plus500	HY markets	axitrader	swissquote
bank transfer	yes	yes	yes	yes	yes	yes
credit cards	yes	yes	yes	yes	yes	yes
paypal	yes	yes	yes	yes	no	no
skrill	yes	yes	yes	yes	no	no
payoneer	yes	no	no	yes	yes	yes
neteller	yes	yes	no	yes	yes	no

Find bvifsc brokers with round-the-clock support?

Customer service is very important when dealing with bvifsc brokers.

Bvifsc brokers customer support can include phone answering services, live chat support and email customer service support.

XTB support a wide range of languages including english, spanish, czech, chinese, german, french, italian, polish, portuguese, romanian, slovenian, and turkish

XTB and FP markets offer support where clients are able to call or contact the helpdesk via email or a chat service.

Make sure the bvifsc brokers offer comprehensive trader resources?

Why do bvifsc brokers need to be regulated?

A regulated bvifsc broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

3 FSC forex regulations that you should know

Forex broker's best practice holds a certain standard in which it must be licensed by at least one financial regulation entity. Nowadays, more companies have a better understanding of the necessity to get regulatory status, but find it difficult to get a license. Brokers understand that license definitely will dramatically improve their reputation and credit among traders, as well as other additional benefits such as acceptance by international payment providers.

As a solution, more and more forex brokers now seek not only onshore licenses. They also consider the offshore jurisdictions, despite their questionable standards and abilities to implement strict rules to the financial brokerages.

As such, offshore brokers are open to risky scenarios befalling the company operation. This leads to the infamous reputation of offshore regulated brokers. Many have wondered if they are trustworthy and worth the risk. In this article, we have listed three of the most popular offshore regulatory agencies under the brand of FSC (financial service commission).

1. Mauritius financial services commission

Financial services commission mauritius is the primary non-bank financial services regulator based in mauritius. The FSC itself was first established in 2001 and later on was mandated under the mauritius financial services act of 2007. The main activities of FSC mauritius are to license, regulate, and monitor the non-bank financial services activity conducted on the island.

If a forex broker wants to operate in mauritius, it is mandatory to get a license from FSC mauritius. There are quite a few forex brokers licensed from FSC mauritius who operate their services and accepting customers worldwide. Still, as FSC forex brokers, they are subject to the supervision of the financial regulator.

To obtain a forex broker license in mauritius, the firm must establish an offline presence on the island. Following inspections and due diligence, forex brokers are then granted the appropriate license to operate and conduct the online forex trading activities.

In terms of reputation, the mauritius financial services commission has a reputation of being quite stringent and ensures that all of its licensed brokers strictly adhere to their protocols. There is also a strong emphasis from the FSC to ensure that all forex brokers should operate transparently.

For the average retail trader, there is not much of a difference between trading with an FSC licensed forex broker or another broker who has a license from some other offshore jurisdictions.

FSC mauritius allows forex brokers to conduct its operations globally (most of europe, africa, and the asia pacific). But in terms of jurisdictional reach, an FSC mauritius licensed broker will not be of much help especially if you are a trader from another country.

The biggest pull factor for a forex brokerage company to get a mauritius FSC license is the fact that it is a lot cheaper when compared to a european forex license.

Unlike other jurisdictions, the FSC mauritius allows forex brokers to offer higher leverage. In comparison, a european licensed forex broker has to limit the amount of leverage that they can offer for retail forex traders. Given the fact that lots of retail forex traders only deposit a small amount, the limitation on leverage can be a detrimental factor for them to plan a trade. In this aspect, choosing an FSC licensed forex broker offers a better advantage compared to the rest of the brokers regulated under stricter jurisdictions.

Mauritius is one of the few places that enforce the lowest tax obligation, which makes it attractive for many forex businesses to conduct the financial transaction in this jurisdiction. The rough estimate is that forex brokers just need to pay a mere 3% in tax when they are based in mauritius and regulated by the FSC.

On the flip side, an FSC license does not ensure segregation of funds. Therefore, traders need to do their due diligence on this aspect.

The other reason forex brokers choose mauritius as their destination for conducting the business transaction is that because it is not a blacklisted country. Many offshore jurisdictions are often prohibited from conducting international transactions, let alone to offer online forex trading.

Given the fact that some of the world's most reputable forex brokers operate with an FSC mauritius licenses, this brings in an additional sense of reliability and security in this jurisdiction.

2. British virgin islands financial services commission

The financial services commission based in the british virgin islands was first established in december 2001. The important thing you should take note of is that BVI FSC's mission is to protect the interest of the economic activities carried out in its jurisdiction. As such, this institution enforces its policy by regulating economic activities carried out by companies registered in its jurisdiction.

Since BVI is an offshore jurisdiction, the cost of licensing retail forex brokerages is a lot cheaper when compared to the other jurisdictions such as bafin in germany or the cysec in cyprus. Therefore, it remains one of the biggest reasons for an investor to set up a forex brokerage under the BVI license.

The other factor is the fact that BVI itself is a tax haven, lowering the operational costs of entities registered under the jurisdiction. Hence, traders can safely expect great deals when trading in a BVI FSC forex broker.

3. Vanuatu financial services commission

The vanuatu financial services commission (VFSC) was established in december 1993 as a regulatory body to oversee investment and credit services, as well as other financial providers. Nowadays, the vanuatu jurisdiction becomes popular among investors and business owners in the forex industry looking to become a regulated broker.

In this area, the most popular type of business that current investors show demand for is binary options. Registering a license in VFSC is a truly simple process, implemented with low requirements for setup. Its quick establishment scheme invites lots of various brokerages to get registered in vanuatu.

Perhaps, we can say that vanuatu might be the easiest jurisdiction to open a brokerage, where investor only needs to submit a register online, prove an initial capital fund of mere $2,000, pay some fees, and within a 2-3 month, the firm is licensed and registered as a legal forex brokerage.

The VFSC regulator does not demand any proof of company backgrounds, nor check the implementation of secure fund management or basic operation guidelines. They do not demand any regular reporting and never impose fines in case of fraud. The authority is only in charge of the official report of the company's legitimate issues, which means the broker only has to submit a report once a year with no details of services provided.

When we compare vanuatu to the industry-leading authorities (like UK FCA or australian ASIC), the VFSC report requirement is way beyond the required level that may protect the company from operational frauds. The report only requires the company to submit its returns and expenses as well as general activity. It has nothing to do with protective measures regarding clients fund.

Consequently, the cost of the brokerage becomes very low when compared to industry-leading jurisdictions or even to some other offshore financial centers. The firms in vanuatu are even allowed to operate without maintaining physical offices.

In short, trading with VFSC brokers do not provide any kind of guarantees regarding company sustainability, and even worse, do not have any kind of protection to protect the clients from fraud or scam. The VFSC regulation and vanuatu itself might be an attractive opportunity to open a business, but it is not favorable for traders or investors.

Which one is the most recommended?

Financial regulators play an important role in the regulation and oversight of forex brokers. So when it comes to the point of choosing the best firm to trade with, other than benefit and facilities, traders should also consider selecting brokerages from reputable jurisdictions that maintain a sustainable level of protections. The financial investment and trading itself require the strictest overseeing by the industry authorities. Otherwise, the risks may incur traders to lose money under fraud or scams.

With the growing demand and popularity of trading and the forex industry itself, it is quite normal to consider the pros and cons of trading in an offshore regulated forex broker. After all, they offer more attractive trading conditions that have been proven worthy of the risks.

Among the three examples of offshore licenses above, it is clear that FSC mauritius is more preferred than the BVI and vanuatu. So if you are about to consider choosing a forex broker with flexible specifications in leverage, minimum deposit, and payment methods, you can put FSC forex brokers in mauritius as one of your top priorities.

Now that all is said and done, we do not recommend trading with brokers without any license. Such offerings should always be avoided without a blink of an eye. While there is no fool-proof method to ensure that your trading funds are secure, be sure to always do your homework and review your broker thoroughly. It is your money that is on the table after all.

BVIFSC forex brokers

Financial services commission regulation

How are BVIFSC licenses issued?

So, let's see, what we have: thinking of choosing a forex broker from the british virgin islands? Let us tell you more about the regulation and laws there. Read our BVIFSC overview. At bvifsc regulated brokers