Who is the IRI?

Institutional:

The Marshall Islands Registry (IRI) is a provider of shipping, ship and company registration services, providing technical and management support to the Maritime and Companies Registry of the Republic of Marshall. Marshall Islands is an archipelago country located in the North Pacific Ocean. It receives economic assistance from the United States and Japan, and its national defense is in charge of the United States.

Marshall IRI is not a government agency, nor is it a regulatory agency. Headquartered in Reston, Virginia, USA, outside Washington, D.C., it has 28 offices in major shipping and financial centers around the world.

Institutional History:

Marshall IRI was founded in 1948.

Institutional Functions:

Companies registered in the Marshall Islands by non-residents are governed by the Marshall Republic Association Act.

Marshall Islands Company Advantage:

1.International Business Corporation (IBC) is not required to file and pay any taxes.

2.No disclosure of shareholder and director information is required.

3.Unregistered shares may be issued.

4.Annual statements, accounting accounts or financial statements are not required.

5.No foreign exchange controls, easy to raise funds.

6.The political, economic and trade environment is stable.

How does the IRI regulate a forex broker?

The Marshall IRI is not a government agency, nor a regulator, and does not regulate foreign exchange.

However, Companies registered in the Marshall Islands by non-residents are governed by the Marshall Republic Association Act.

How to check a broker is IRI-regulated or not?

Generally speaking, IRI-regulated broker profile will be found at the Entity Search page on IRI website. Try to find it and check if it will match the info from the broker website.

The detailed steps are as below:

1. Find the company registration number or name of the forex broker, which you can get from the broker’s website;

2. Go to https://www.register-iri.com/ and select “Entity Search” under “Corporate”;

3. Enter the company name or company registration number to search;

4. Check the company details.

How to solve disputes with a IRI-regulated broker?

The Marshall IRI has no rules on complaints, so investors had better contact the financial company that provides the service.