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The Financial Services Authority (FSA) of St. Vincent and the Grenadines (SVG) is often referenced by forex brokers claiming regulatory status in this Caribbean jurisdiction. However, the SVG FSA has publicly declared that it does not regulate forex trading or brokerage activity, nor does it supervise, license, or monitor firms offering online trading in forex, CFDs, or binary options.

Brokers registered in SVG typically do so as International Business Companies (IBCs), gaining a legal registration number but not undergoing any form of regulatory scrutiny. There are no conduct rules, no leverage limits, no marketing restrictions, and crucially, no protection for retail traders.

While brokers may state they are “registered with the SVG FSA,” this simply means they are listed as a company in SVG, not authorised or supervised as a financial services firm. The FSA offers no complaint handling, enforcement, compensation scheme, or investor safeguards.

This lack of oversight has made SVG a popular destination for unregulated or loosely regulated brokers, some of which are involved in misleading marketing, withdrawal issues, or outright scams. Any trader dealing with an SVG-registered broker should verify whether the company is also licensed in a Tier-1 jurisdiction — otherwise, client funds may be at significant risk.