The Financial Services Authority regulates and supervises the international financial services sector and the non-bank financial institutions in accordance with the various governing legislation and best international practices to ensure that these sectors are reputable and contribute to the economic and social development of St. Vincent and the Grenadines.
The Foreign Exchange market offers global decentralized trading of international currencies. Retail traders can gain access to it through Brokerage firms. Each Broker must follow his own country’s local legislation and regulations, the aim of which is to provide a clear and common regulatory framework for all participants in that market. There are several official Regulatory Bodies responsible for safeguarding the interests of investors around the globe. One of their missions is to protect individual traders and prevent fraudulent practices.