Offshore Regulator

Also called: offshore licence

A regulatory body in a low-tax / low-friction jurisdiction (e.g. Vanuatu, SVG, Belize) — lighter oversight than Tier-1.

Offshore licences let brokers serve clients globally with fewer restrictions (higher leverage, no NBP requirements). They aren’t all scams — many reputable brokers maintain an offshore entity for international clients — but they don’t offer the same protections as Tier-1.