IG licence record
Is IG regulated by the BMA?
Yes, according to our records. IG is matched to a licence from the Bermuda Monetary Authority (Bermuda). Confirm it on the register before relying on it.
What the BMA licence means
Our records show that, IG holds a licence from the Bermuda Monetary Authority (BMA), the financial regulator for Bermuda. We classify the BMA as tier 3 — moderate regulation. Established offshore or emerging-market regulators with capital and reporting requirements but limited retail protection.
For IG clients whose account is held by its BMA-regulated entity, the key protections are: compensation — No compensation scheme; retail leverage — No statutory cap; negative balance protection — not a regulatory requirement (may be offered contractually); client money — Investment Business Act requirements. Disputes can be taken to BMA.
IG is also matched to licences from ASIC, BaFin, CFTC / NFA, FCA, FINMA, JFSA, MAS, DFSA, FMA (NZ) and FSCA. ASIC, BaFin, CFTC / NFA, FCA, FINMA, JFSA, MAS, DFSA, FMA (NZ) and FSCA are rated higher than the BMA in our methodology, so if you are eligible for those entities you may get stronger protection.
Protection at a glance
- Regulator tier
- Tier 3 — Moderate regulation
- Compensation scheme
- No compensation scheme
- Retail leverage
- No statutory cap
- Negative balance protection
- Not a regulatory requirement
- Client money
- Investment Business Act requirements
- Complaints
- BMA
How to verify this licence
- Open IG's client agreement or website footer and note the exact company name and BMA licence number.
- Search that name or number on the official BMA register. Check the status is current, not cancelled or suspended.
- Confirm the website domain you're using (ig.com) is the one listed on the register — clone firms copy genuine licence numbers.
- Search the BMA warnings page and IOSCO I-SCAN for the brand name.
IG's other licences
Frequently asked questions
Is IG regulated by the BMA?
Our database records IG as holding a licence from the Bermuda Monetary Authority. Confirm the current status on the BMA register: https://www.bma.bm/regulated-entities
Does the BMA licence protect all IG clients?
No. It protects clients whose account is with the specific IG company licensed by the BMA. Clients onboarded to a different group entity are covered by that entity's regulator instead.
Is there a compensation scheme for IG clients under the BMA?
No compensation scheme
What leverage can IG offer under the BMA?
No statutory cap