Dominica · Dominica
Financial Services Unit (Commonwealth of Dominica)
Dominica's Financial Services Unit oversees offshore banks, insurers, credit unions, and money services businesses, but does not supervise forex brokers. Licences sold as 'Dominica forex licences' do not carry real broker oversight.
- Retail leverage
- Unregulated.
- Compensation
- None.
- Capital
- None of substance.
- Supervision & substance
- Company registration, with little or no supervision of the brokerage business.
- Stocks, futures & crypto
- None for brokerage.
- Trade-off
- No meaningful regulatory oversight of the broker.
What it means for you: Treat Dominica as unregulated for forex and CFD trading.
Common questions about Dominica
Is Dominica a good regulator for forex brokers?
In our view, Dominica is not meaningful regulation for forex brokers (Red flag). Dominica's Financial Services Unit oversees offshore banks, insurers, credit unions, and money services businesses, but does not supervise forex brokers. Licences sold as 'Dominica forex licences' do not carry real broker oversight. Treat Dominica as unregulated for forex and CFD trading.
What leverage can brokers regulated by Dominica offer retail clients?
Unregulated.
Is there a compensation scheme if a broker regulated by Dominica fails?
None.
Does Dominica regulate stocks, futures, or crypto?
None for brokerage.
A licence only protects you if your account is with the entity that holds it. Many broker groups hold several licences and onboard clients through an offshore entity. Check your client agreement, and verify the licence on the regulator's own register.
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Red flagWe have done the broker homework.
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Tiers and ratings are M1 Strategic's own assessment, based on public sources listed in our regulator guide. Rules change: always verify with the regulator directly. Not financial advice.