Christopher Anthony M961 Harris

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Are offshore licenses like SVG reliable?

Licenses from Saint Vincent and the Grenadines (SVG) and similar offshore jurisdictions are considered very weak because they provide little or no oversight of forex activities. These countries do not impose strong client protection rules, do not require segregated accounts, and often have no compensation schemes. Brokers use these licenses to offer high leverage, but disputes or fraud cases are nearly impossible to resolve. While an offshore license may allow a broker to legally register, it does not guarantee safety for clients. Serious traders should avoid relying on SVG licenses and prioritize brokers regulated by Tier-1 authorities.