Unlicensed forex activity jurisdistication

Hello all,

Other than St. Vincent and the grendalines are there any jurisditication that permits forex brokerage activity can be conducted without any special license and capital adequecy requirements, if yes which are the countries permits them and why?

There are multiple offshore places that have similar requirements/lack of requirements. To name a few off the top of my head: Belize, the Cayman Islands, Belize, Vanuatu. They have few capital requirements for their brokers and provide little oversight for the brokers registered with them.

All that leads to significant amounts of risk for people who deal with such companies and one should always do so with a lot of caution.