Get license in St Vincent...a lot of big Forex Companies are moving there.
There is not such thing as a St Vincent license.. St Vincent is a country wich you can operate forex without having a license in a legal way.. the biggest thing you can find on st vincent is a legal opinion from an attourney, that says "this company dont need license according to st vincent and the grenadines laws". and you will have a HUGE problem to find a bank account or even an EMI to work with you and your St Vincent company.
The cheapest real license i have found by now is Vanuatu.. you can expend between 17k to 25k to have it.. plus the approval period that will be more or less 4 months.. beside that.. you have to register a company in a place like cyprus or UK, to be the payment services company to that Vanuatu licensed company you have created. and open bank accounts for it and then ask for a merchant or a payment gateway...
The only solution i have for all this problem.. cost around 20K too.. is remaining unlicensed BUT, is starting your own Payments company.. licensed in Hong Kong (there are other options, but i have a customer that have done this and works fine).. then you can be a licensed merchant.. you only need a payment gateway and provide services to yourself..
Even to licensed forex companies is hard to find merchant accounts, even bank accounts, in most jurisdictions they ask you to be also regulated. Cysec, FCA, CMNV, FSA, MFCA, ASIC among others...
I have customers that even doing it everything clear and legal with their forex companies, they get bad comments online, BECAUSE PPL DONT LIKE TO LOSE MONEY. and chargebacks rates are the highest in the market.