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.

Broker Dossier

Bermuda Monetary Authority

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

BrokerDossier ScoreEntity serving youMin. depositPlatformsActions
IG Founded 1974 Listed 60 IG International Limited BMA Tier 3 (offshore) — Own platformMT4TradingView Review Visit site

Dossier Score, entity and regulator are shown for the company that would serve your country. Buttons marked “Affiliate link” may earn us a commission. Unmarked buttons go to the broker's own site and earn us nothing.