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Risk·77–82% of retail CFD accounts lose money. Trade only with capital you can afford to lose.
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Brokerlist2026

Regulator profile · VG

BVI — BVI Financial Services Commission

Tracked byUpdated

The British Virgin Islands Financial Services Commission (BVI FSC) regulates capital markets, banking and insurance in the BVI. It is a common offshore jurisdiction for forex and CFD brokers serving emerging-market clients.

Brokers in British Virgin Islands accepting residents under BVI
Jurisdiction
British Virgin Islands · British Overseas Territory.
Founded
2001
Mandate
Operates under the Financial Services Commission Act 2001 and the Securities and Investment Business Act 2010 (SIBA). FSC licenses investment-business firms, supervises AML/CFT compliance and maintains a public register.
Consumer protection
No statutory compensation scheme. Client-money segregation is required under SIBA, but supervision intensity is lower than tier-1 jurisdictions. Negative balance protection is not mandated.
Retail leverage caps
No statutory cap. Retail leverage of 1:200 to 1:500 is common; some BVI-licensed brokers offer 1:1000+ for non-restricted clients. Risk-disclosure rules apply but are loosely enforced.
Public register
FSC publishes the list of licensed firms by category. Verification typically requires the firm name and licence type — there is no real-time online search comparable to FCA Connect or ASIC Connect. Open register ↗
Dispute resolution
No independent ombudsman with binding-award powers. Complaints go through the firm's internal process or, ultimately, BVI courts.
Editor notes
A BVI licence is widely used by international broker groups for clients outside their primary EU/UK regulated entities. It is not a substitute for tier-1 regulation when assessing broker safety.

Brokers we track with a BVI licence

2 brokers

  1. 03Deriv

    BVIMFSA
    Open account at Deriv →
    Avg spread
    0.70pip
    editorial estimate
    Cost / lot
    $7.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU retail (MFSA Malta): 1:30 · Labuan / Vanuatu / BVI entities: up to 1:1000

    $5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020) · Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill

    Fits ifYou trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product category
    PlatformsMetaTrader 5, Deriv X

    Founded in 1999 · Verified Jun 1, 2026

    Full Deriv details →

  2. 06AvaTrade

    ASICFSCACBIBVI
    Open account at AvaTrade →
    Avg spread
    0.90pip
    broker-published typical
    Cost / lot
    $9.00
    no commission
    Min deposit
    $100
    Max leverage
    1:400
    EU/UK/AU retail: 1:30 · FSCA / BVI entities: up to 1:400

    Regulated in 6 jurisdictions · Spread-only pricing at 0.9 pip = ~$9/lot round-turn — wider than ECN/Raw brokers at similar volume

    Fits ifYou are AU or EU retail and want CBI + ASIC double cover with 20 years of operating history
    PlatformsMetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade

    Founded in 2006 · Verified Jun 1, 2026

    Full AvaTrade details →