Online Forex trading in Saint Lucia is legal and regulated under the Money Services Business Act No. 11 of 2010, which provides for the licensing and regulation of money services providers. The Financial Services Regulatory Authority oversees money services businesses including currency exchange operations, which fall under Class C licensing. A licence is required to operate any class of money services business in Saint Lucia, ensuring regulatory oversight and investor protection (1).
Saint Lucia maintains an open economy with no restrictions on currency exchange or capital movements, making it an attractive jurisdiction for financial services. The Eastern Caribbean Central Bank and the Financial Services Regulatory Authority jointly regulate forex activities in the country. Companies offering forex trading services must obtain appropriate licensing from the FSRA, demonstrating financial soundness, managerial transparency, and compliance with anti-money laundering and know-your-customer procedures (2).
"The Money Services Business Act No. 11 of 2010 (MSB Act) provides for the licensing and regulation of money services providers in Saint Lucia. A licence is required to operate any class of money services business in Saint Lucia."
The licensing process requires applicants to submit a completed application form with due diligence information on all promoters, a business plan, and the prescribed application fee. The Authority reviews applications considering the reputation and character of the applicant, financial status, management experience, source of initial capital, and community needs. Annual licence fees for currency exchange operations under Class C are XCD 2,000 for main agents and XCD 200 for sub-agents (1).
Source:
https://fsrastlucia.org/index.php/money-services-business/overview
https://www.state.gov/reports/2025-investment-climate-statements/saint-lucia
Last updated: 15-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
