SVG, where the FX business is not regulated

The Financial Services Authority (FSA) wishes to advise the General Public to proceed with caution when approaching or being approached by any person or representative of a business entity who may be offering forex trading and/or brokerage or binary options. Before entering into any business arrangement or contract with such person or business entity, you are advised to verify that the service being offered has been properly approved and licensed by the relevant licensing authority.  

Please be advised that forex trading brokerage activities are not licensed in St. Vincent and the Grenadines. While registered St. Vincent and the Grenadines Business Companies (BCs) or Limited Liability Companies (LLCs) are able to engage in any legal activity, if they engage in forex trading and brokerage, they are doing so without a licence from this jurisdiction. 

Source : SVG