Best FSA Regulated Forex Brokers in SVG 2026

Forex brokers registered by the Financial Services Authority in Saint Vincent and the Grenadines can provide Forex trading services globally but aren’t regulated by this authority.

SVG FSA only licensed Forex brokers and doesn’t require compensation schemes, negative balance protection or funds segregation. Here are the best brokers licensed by this authority.

		HFM	Study Review	Sign up
		OX Securities	Study Review	Sign up
		EBC Financial Group	Study Review	Sign up
4		Markets.com	Study Review	Sign up
5		Anzo Capital	Study Review
6		Switch Markets	Study Review	Sign up
7		Esperio	Study Review	Sign up
8		HYCM	Study Review	Sign up
9		Go markets	Study Review	Sign up
10		NPBFX	Study Review

Trustpilot Ratings of SVG FSA-Regulated Forex Brokers

Traders can check the table below to see how reliable are the Forex brokers licensed and registered with the Saint Vincent and the Grenadines Financial Services Authority.

Minimum Spreads of Forex Brokers Licensed by SVG FSA

Here are the minimum spreads traders must pay to trade Forex in the top SVG FSA regulated brokers. This is the main cost of trading with a Forex broker on Standard, Zero, or ECN accounts.

Non-Trading Fees in Forex Brokers Regulated by FSA in Saint Vincent and the Grenadines

Beside spreads and commissions, traders must consider deposit, withdrawal, and inactivity fees when choosing a Forex broker regulated by FSA in Saint Vincent and the Grenadines.

Number of Tradable Instruments in Forex Brokers Regulated by SVG FSA

The table below compares the number of tradable assets in the top SVG-FSA regulated Forex brokers. Having access to a wide range of tradable instruments is key when choosing a broker so traders can diversify their portfolio.

Top 8 Forex Brokers Regulated by FSA in Saint Vincent and the Grenadines

The SVG FSA (St. Vincent and the Grenadines Financial Services Authority) is a prominent regulatory body that oversees financial activities within the region of St. Vincent and the Grenadines.

SVG FSA offers a regulatory framework for Forex brokers, financial institutions, and other businesses operating within the jurisdiction. Here are overview of the best available brokers registered in Saint Vincent and the Grendadines. 

HFM

HFM (Hot Forex Markets) is a reputable Forex broker serving global traders since 2010. It offers commission-free trading on various account types, with spreads starting from 0.0 pips (excluding the Zero account).

Its multi-regulated status, with licenses from CySEC, FCA, and other authorities, ensures traders benefit from a secure environment. These entities require traders to complete the HFM verification to comply with AML and KYC laws.

This broker supports over 2.5 million live accounts, providing a wide array of tools including Autochartist, SMS market alerts, and more. The broker also accepts crypto payments and offers PAMM and HFM copy trading services for diverse investment strategies.

The broker’s trading platforms include MT4, MT5, and a mobile app, all available to download in the HFM dashboard. This broker supports a wide range of payment options, including wire transfer, e-payments, credit/debit cards, cryptocurrencies (such as BTC, ETH, USDT, and more).

HF Markets also has a 4.6 Trustpilot rating based on over 3000 reviews with shows this broker’s commitment to providing top-tier services to traders worldwide.

HFM Group Pros and Cons

Check the benefits and drawbacks of choosing HFM as your Forex broker in the table below.

Esperio

Esperio is a Forex broker that offers multiple account types such as Standard, Cent, Invest, MT5 ECN, and Demo.

The broker is regulated under the (FSA) of Saint Vincent and the Grenadines, although it operates with a relatively low tier of regulation.

The trading platforms available include MetaTrader 4 and MetaTrader 5, and clients have access to over 3,000 tradable assets, including Forex, commodities, stocks, ETFs, and cryptocurrencies.

Traders have access to all these assets after completing the Esperio registration.  Additionally, the broker offers Esperio copy trading services and a range of bonuses for clients, such as Extra Empower and Double Empower.

Despite the advantages like high leverage and various account types, Esperio lacks high-tier regulation and offers limited transparency about the company's history and leadership.

Reviews on platforms like Trustpilot and ScamAdviser are mixed, with an overall rating of 3.7/5 on Trustpilot and 46/100 on ScamAdviser.

The broker also offers a variety of educational tools, such as group and individual classes, as well as an economic calendar and terminology guides in the Esperio dashboard.

However, some non-trading fees, such as an inactivity fee, apply after three consecutive months of no trading activity.

Pros and Cons of Esperio

Traders must note the following benefits and drawbacks before opening an account with the Esperio broker.

HYCM

HYCM, a regulated multi-jurisdictional broker, is licensed by the FCA in the UK and the DFSA in the UAE, offering clients a variety of trading options across global markets.

It provides three main account types: Fixed, Classic, and RAW, with a minimum deposit of $20. Traders can manage their funds and create new trading account within the HYCM dashboard.

The broker supports a wide range of trading instruments, including Forex, commodities, stocks, and cryptocurrencies, and offers leverage up to 1:500, depending on the account type chosen during the HYCM registration.

The broker’s spreads start from 0.1 pips, with commissions ranging from $0 to $5 per round depending on the account type. They also offer a demo account, Islamic accounts, and PAMM accounts for traders who complete the HYCM verification process.

While HYCM provides competitive trading conditions, its limited educational resources and the imposition of a $10 inactivity fee are notable drawbacks.

Despite its solid regulation and diverse offerings, HYCM may not be suitable for traders seeking more advanced educational tools or those averse to inactivity charges.

HYCM Pros and Cons

The following table outlines the benefits and drawbacks of trading with the HYCM broker.

Go Markets

GO Markets, a well-regulated CFD broker, has been operational since 2006, providing clients access to a wide range of trading instruments.

With two main account types) Standard and GO Plus+) traders can enjoy leverage up to 1:500, with zero spreads available on the GO Plus+ account after completing Go Markets registration. Additionally, the broker offers a PAMM account and supports trading through platforms like MT4, MT5, and cTrader.

It provides competitive trading conditions with no commissions on the Standard account and a $5 commission per round lot on the GO Plus+ account. Traders can lower costs by leveraging Go Markets rebate program.

GO Markets also allows trading in forex, shares, indices, commodities, and more, but the broker does not offer any bonuses due to regulatory restrictions.

While GO Markets offers an educational hub with webinars and trading strategies, it has received mixed reviews, with a 4.6/5 rating on Trustpilot.

However, some drawbacks include a higher minimum deposit compared to other brokers and limited asset options. GO Markets is best suited for those seeking a trusted, multi-regulated broker with advanced features for active traders.

Go Markets Pros and Cons

The following table contains the pros and cons of Go Markets for Forex traders.

Switch Markets

Switch Markets is a rapidly growing broker offering both Forex and CFD trading. It provides competitive features such as low spreads, starting from 0.0 pips on the Pro account, and offers leverage up to 1:1000.

After finalizing the Switch Markets registration Traders can open accounts with a minimum deposit of €48, and can choose from Standard, Pro, and Islamic accounts.

The broker supports multiple payment methods, including Visa, MasterCard, PayPal, Neteller, and cryptocurrencies for Switch Markets deposits and withdrawals.

Operating globally, Switch Markets is regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA);

Although its regulatory oversight is limited compared to other brokers but it still requires traders to complete the Switch Markets verification process.

The broker also provides a demo account, social trading, algo trading, and a PAMM account for those looking for additional investment options.

While Switch Markets offers a solid trading experience, it does have some limitations.

Additionally, the broker does not accept clients from the USA, Cyprus, and other restricted countries.

Overall, Switch Markets provides a comprehensive trading platform suitable for both beginners and advanced traders, though its regulatory standing and higher spreads on certain accounts might be a concern for some traders.

Switch Markets Pros and Cons

Traders must consider the following benefits and limitations before opening an account with the Switch Markets broker.

Anzo Capital

Anzo Capital is a Forex and CFD broker, established in 2015, offering a variety of trading services, including commission-free trading on Forex and metals through its STP account.

The broker provides a EUR/USD spread target of 1.4 pips and a leverage of up to 1:1000 after completing the Anzo Capital registration.

This broker operates globally, with a presence in multiple regions, although it is regulated under the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) and has a Tier-3 regulatory standing.

The broker supports both MetaTrader 4 and MetaTrader 5 platforms, offering traders a range of tools and features such as economic calendars, mobile trading, and social trading. Traders can acess these platfroms and withdraw funds after Anzo Capital verification.

Despite offering competitive spreads and high leverage, Anzo Capital has some limitations, such as high minimum deposits, limited payment options, and no Islamic accounts available in the Anzo Capital dashboard.

Furthermore, its regulatory status may be a concern for traders seeking higher levels of regulatory protection. Overall, Anzo Capital is suitable for experienced traders, particularly those interested in high-leverage options and diverse trading instruments.

Pros and Cons of Anzo Capital

These are the advantages and disadvantages of choosing Anzo Capital as your broker.

OX Securities

OX Securities, founded in 2013, is a Forex and CFD broker regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA).

Traders can choose from Standard, Pro, and Swap-Free accounts, with a $0 minimum deposit required after finalizing their OXsecurities registration.

OX Securities supports popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for various trading strategies, and it also offers PAMM accounts and social trading features.

Traders have free access to these features by completing the OX Securities verification.

OX Securities stands out for its competitive pricing, with spreads starting from 0 pips on Pro accounts. While the broker provides customer support 24/5 via email, phone, and live chat, it is regulated by a Tier-2 authority, limiting its regulatory protection.

 Furthermore, OX does not offer a full range of deposit and withdrawal options, and it lacks 24/7 support. The broker has received mixed reviews, with a TrustPilot score of 4.5/5 and a lower rating of 1.2/5 on REVIEWS.io.

Despite its drawbacks, such as high commissions on Pro accounts, OX Securities is an option for traders looking for low spreads and high leverage.

OX Securities Pros and Cons

Traders must consider the following benefits and drawbacks of trading with OX Securities before opening an account.

NPBFX

NPBFX (NEFTEPROMBANK FOREX) is a forex broker based in Moheli, offering three primary account types: Master, Expert, and VIP.

Traders can access 38 currency pairs and commodities like gold, silver, oil, and natural gas, with spreads starting from 0.4 pips and leverage up to 1:1000 after finishing the NPBFX registration.

NPBFX offers a range of deposit methods, including credit cards, e-wallets like Skrill and Neteller, and bank transfers. The minimum deposit requirement starts at just $10 for the Master account.

The broker supports the MetaTrader 4 platform and its proprietary NPBFX Trader for mobile trading. Account types differ in spreads and leverage, with the VIP account offering the tightest spreads and highest leverage.

Despite its competitive spreads and low minimum deposit, NPBFX is regulated by lower-tier authorities, posing a higher risk compared to brokers regulated by FCA, CySEC, or ASIC.

The platform also lacks transparency around its operations, and some users have reported slow withdrawal processing times. Additionally, NPBFX doesn't allow U.S. or Canadian clients to trade.

NPBFX Brokers Pros and Cons

Traders must consider the following benefits and drawbacks before opening an account with NPBFX.

How Did we Choose the Best SVGFSA-Regulated Brokers?

The TradingFinder experts have considered the following factors to choose the best brokers licensed and registered by the Financial Services Authority in the Saint Vincent and the Grenadines:

• Spreads
• Commissions
• Tradable instruments
• Deposit and withdrawal methods
• Support
• Leverage caps
• Trading platforms

What is SVGFSA?

The St. Vincent and the Grenadines Financial Services Authority (SVGFSA), established in 2012, is an independent body overseeing non-bank financial services, international financial services, and virtual asset service providers.

It is responsible for regulating institutions like credit unions and insurance companies within the country.

• Regulatory Scope: The SVGFSA supervises both domestic non-bank financial institutions and international financial services;
• Virtual Assets: The Financial Services Authority (FSA) is responsible for regulating Virtual Asset Service Providers (VASPs) under the 2022 Virtual Asset Business Act;
• Forex/ Brokerage Regulation: Although the SVGFSA registers International Business Companies (IBCs), it does not regulate Forex trading or brokerage services;
• Function: The SVGFSA aims to ensure compliance, stability, and mitigate financial risks within its jurisdiction.

It is important to note that while companies can be registered in SVG, they may not necessarily be regulated by the SVGFSA for trading services, making it crucial for traders to understand the regulatory landscape in which their brokers operate.

What Powers Does the FSA in Saint Vincent and the Grenadines Have?

The Financial Services Authority (FSA) plays a pivotal role in regulating and supervising the non-bank financial sector, which includes insurance companies, credit unions, money service businesses, and building societies.

Under the 2022 Virtual Asset Business Act, the FSA is also responsible for licensing and monitoring Virtual Asset Service Providers (VASPs), such as crypto exchanges and wallet providers.

In addition, the FSA registers International Business Companies (IBCs), Limited Liability Companies (LLCs), and licenses Registered Agents and Trustees to ensure compliance with local laws.

The FSA enforces strict Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) measures, ensuring that financial entities adhere to global regulatory standards.

Moreover, the FSA fosters international cooperation, exchanging critical information with other regulators and aligning with global standards like those of the OECD to support the integrity of financial markets.

What Are SVGFSA Responsibilities?

The Financial Services Authority (FSA) is tasked with overseeing compliance within the non-bank financial sector and international financial services, in accordance with the Financial Services Authority Act, No. 33 of 2011.

The FSA ensures institutions meet these legal requirements through both off-site and on-site inspections. By employing a risk-based approach, the FSA aims to identify and mitigate financial risks and threats efficiently.

The authority has also established an AML/CFT Supervisory Framework that guides its methodology in supervising institutions under its jurisdiction.

It also collaborates with regional and international organizations, such as the Caribbean Regional Technical Assistance Centre (CARTAC), to maintain global best practices.

Furthermore, the FSA plays a key role in regulating and licensing Registered Agents and Trustees, who facilitate the incorporation of International Business Companies (IBCs).

While the Commerce and Intellectual Property Office (CIPO) handles general incorporation, the FSA specifically regulates international financial entities.

Do SVGFSA-Regulated Brokers offer Negative Balance Protection?

The offering of Negative Balance Protection (NBP) by SVG FSA-regulated brokers is not mandated by any regulatory requirement.

The St. Vincent and the Grenadines Financial Services Authority (SVG FSA) does not oversee forex trading activities, nor does it enforce policies regarding NBP, fund segregation, or compensation schemes.

However, since this protection is not regulated, traders must carefully review the terms and conditions of any SVG-regulated broker to confirm if NBP is provided and under what circumstances.

Unlike brokers regulated by bodies like the FCA (UK) or CySEC (EU), where NBP is often guaranteed, SVG brokers are not bound by such requirements, presenting a higher risk to traders.

The offshore jurisdiction of SVG means that, in case of a dispute, there may be limited recourse for traders if the broker fails to honor its NBP policy.

Are SVGFSA-Regulated Brokers Safe?

As highlighted in official statements, the SVG FSA does not regulate or license Forex businesses, nor does it oversee Forex trading activities.

Despite SVG offering a streamlined process for company registration, which doesn’t require a physical office in the country and allows for minimal capital and flexible business operations, it’s crucial to note the lack of regulatory oversight in the Forex industry.

This absence of regulation exposes traders to significant risks, particularly in the unregulated Forex market, where potential scammers may operate freely.

Additionally, the SVG FSA cannot assist in cases of withdrawal issues or financial disputes with brokers.

Traders who face such problems are left without recourse, as the SVG FSA does not intervene in customer complaints or offer consumer protection.

The FSA’s actions are limited to issuing advisories and listing entities that falsely claim to be licensed under SVG, but no further protections are provided.

Rules Set by SVGFSA for Forex Brokers

The Financial Services Authority (FSA) of St. Vincent and the Grenadines (SVG) introduced licensing requirements for registered forex companies as part of efforts to enhance transparency and combat fraudulent practices.

These measures were prompted by numerous complaints and allegations of fraud against Business Companies (BC) and Limited Liability Companies (LLC) involved in Forex trading.

Additionally, the SVG FSA has emphasized the importance of implementing effective Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) practices, as well as conducting thorough due diligence when onboarding key personnel.

These steps are aimed at ensuring higher standards of operation within the sector.

Tradable Instruments in the SVGFSA Regulated Brokers

Brokers licensed by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines typically offer a broad range of financial instruments, focusing on high-leverage Contracts for Difference (CFDs). Below are the key instruments available:

• Forex (Currency Pairs): Brokers provide a wide selection of major, minor, and exotic currency pairs;
• Cryptocurrencies: High liquidity is available for popular utility tokens, traded against USD;
• Metals (Spot Trading): Precious metals are available for hedging and speculation.
• Energies (Oil and Gas): Brokers offer CFD trading on energy commodities like oil, natural Gas, WTI, etc;
• Indices: CFDs on major global stock market indices are also commonly offered, providing exposure to global financial markets.

SVG FSA vs Other Regulatory Bodies

As discussed earlier the Saint Vincent and the Grenadines Financial Services Authority doesn’t regulate Forex brokers and it only issues licenses for BICs to provide financial services.

The table below provides a comparison of the SVG FSA to other financial authorities.

Conclusion

Based on our complete review of the best Forex brokers regulated by Saint Vincent and the Grenadines Financial Services Authority, we can say that HFM, HYCM, Switch Markets, Go Markets, OX Securities, and NPBFX are the best available options.

However, traders mist note that this financial authority is a tier-3 regulator and doesn’t require a negative balance protection and funds segregation.

Therefor traders are advised to open an account with a Forex broker that is regulated by a top-tier authority such as the FCA, SEC, CySEC, or ASIC to ensure their funds are safe with the broker.

All brokers have been evaluated based on the factors listed in the TradingFinder Forex Methodology page.