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Financial Services Authority (FSA) of Saint Vincent and the Grenadines was born in November 12, 2012 according to the Financial Services Authority Act. It was created by Parliament to regulate, supervise and develop the non-bank financial services sector in the country.
The role of FSA is to oversee certain entities and businesses in the financial sector and provides for regulated matters.
The FSA is responsible to the Government of St. Vincent and the Grenadines for the administration and enforcement of those enactments specified under its governing legislation. Additionally, it is also responsible for ensuring that each licensed financial entity is properly managed and remains financially sound. The FSA is empowered to intervene into the affairs of a regulated entity for the purpose of protecting customers.
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Requirement on Forex Brokers' Reports：
The Regulatory Framework:
Anti-Money Laundering and Terrorist Financing Regulations 2014; Companies Act; Finance (Miscellaneous Amendments) Act 2014; International Business Companies IBCs (Amendment Act).
Generally speaking, SVG FSA-regulated broker profile will be found at the company-name-search page on SVG FSA website. Try to find it and check if it will match the info from the broker website.
The detailed steps are as below:
1. Find the licensed/reference no.(preferred) or name of the forex broker, which you can get from the broker's website;
2. Enter the reference no. or name into the search bar on https://svgfsa.com/company-name-search/
The SVG FSA has no rules on complaints, so investors had better contact the financial company that provides the service.
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.