Regulatory organization SVGFSA
SVGFSA (Financial Services Authority St. Vincent and the Grenadines) – the Office of financial regulation and supervision in St. Vincent and the Grenadines. This organization regulates and supervises the international financial services market and non-Bank financial institutions in accordance with the current legislation for economic and social development of Saint Vincent and the Grenadines.
However, it is not so simple. First, do not confuse SVGFSA with the British regulator FCA (previously it was called the FSA), these are two totally different organizations, and the FCA has nothing to SVGFSA. Secondly, check on the website of the regulator whether the broker is registered in SVGFSA, it is impossible, as the regulator does not publish lists. Thirdly, SVGFSA does not issue licenses to brokers. In fact it's not even a controller, it only registers brokers and issue a certificate of registration.
Moreover, the organization SVGFSA made an official appeal to international companies (International Business Companies), engaged in the trading and provision of brokerage services, as well as registered in the SVGFSA with a request to refrain from statements that their activities are monitored and regulated by the Financial Services Authority, as these statements distort the powers of the SVGFSA in relation to international financial companies (IBC). As you know, the regulatory and Supervisory authorities do not approve of IBC because the degree of control over them does not extend beyond security for its obligations in accordance with applicable law on international companies.
Thus, the organization SVGFSA does not control or regulates the activity of brokerage firms registered with the Financial Services Authority St. Vincent and the Grenadines, and accordingly cannot be regarded as a full-fledged financial regulator.