The core responsibilities of the BVI FSC

BVI Forex License

Get a BVI Forex Broker License.

BVI forex broker License from the FSC– Offshore Forex license with high regulation demands GBO is a world leader in assisting clients to obtain a BVI Forex licenses from the – BVI Financial Services Commission – FSA. Regulation of BVI Forex Broker Firms. The British Virgin Islands Financial Services Commission is responsible for all financial services that are carried out within the British Virgin Islands, including banking, investment business, insolvency service and .

WHY BRITISH VIRGIN ISLAND?

In the event of an entity being found in violation of the regulations set forth by the BVI Financial Services Commission, the regulator may at its discretion, revoke or suspend the license certificate. Some of the reasons for which a regulated entity may have their license revoked or suspended are:.

Providing the Commission with false, inaccurate or misleading information. Breaching any term or condition of its license. Failing to comply with a Commission directive. Engaging in money laundering. Violating financial service laws and regulations.

In the event of the Commission determining that a violation has been made, the licensed entity is entitled to appeal in front of the BVI Financial Services Appeal Board, who review every appeal and consider objections in a formal hearing.

Decisions made by the Appeal Board are final. We will handle all aspects of obtaining your new BVI forex trading license. We have helped dozens of clients apply and obtain a Forex Security Dealer License in the BVI, which makes us experts at offering brokerages some incredible benefits. High demand from brokers from Asia — China, Philippines, S. However, there are a large number of regulated bodies you may never have encountered, and are probably wondering whether the same protection is afforded.

Since , it has been responsible for regulating companies falling within the Securities and Investment Business Act. This Act requires brokers offering Forex services to comply with the regulation, although it seems a number of firms have managed to slip under the radar of the Commission and operate without regulatory approval. This is something you should look out for.

After taking a look at some of the requirements we discovered Forex brokers are not required to keep minimum levels of capital, to segregate client funds, to contribute to a compensation scheme, or outline their execution policy to customers. The majority of the Act seems to be concerned more with regulating mutual funds and preventing insider trading, and there is little which deals with the provision of retail trading and investment services.

For the time being, it would seem Forex traders are better served by brokers regulated in more reputable jurisdictions. The finished product was exceptional, very professional and just what I wanted.

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Establishing a BVI Company

To consult with both industry and government in the continual development of financial service legislation, supervisory policy, regulation and practice.

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In addition, you will need to submit a full pack of documents which cover every aspect of your broker license requirements.

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