CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail accounts lose money when trading CFDs. Consider whether you understand how these products work and whether you can afford the high risk of losing your money.
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Bermuda Monetary Authority

The Bermuda Monetary Authority supervises financial institutions in Bermuda, including investment businesses..

Our tier
Tier 3 (offshore)
Jurisdiction
Bermuda
Public register
Open the official register

The Bermuda Monetary Authority supervises financial institutions in Bermuda, including investment businesses.

What it means for a retail trader

This is an offshore licence. Retail protections such as leverage caps and compensation schemes do not match those of the UK, EU or Australia.

How to check a firm

Search the firm’s legal name or licence number on the official register linked above. Confirm that the name, the number and the website on the register match the firm you are dealing with, and that its permissions cover the product you want to trade. Clone firms often borrow a real firm’s name and number but use a different web address.

Brokers in our database with a BMA licence

BrokerTrust ScoreYour entity & regulatorMin. depositPlatforms
IG Since 1974 · LSE: IGG 60/99 BMA IG International Limited — Own platform, MetaTrader 4, TradingView Review Visit IGOfficial site · we earn no commission here

Trust Score and regulator are shown for the legal entity that serves your country. Change country at the top of the page.