IronFX licence record
Is IronFX regulated by the BMA?
Yes, according to our records. IronFX 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
Based on our licence database, IronFX 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 IronFX 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.
IronFX is also matched to licences from CySEC and FSCA. CySEC 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 IronFX'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 (ironfx.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.
IronFX's other licences
Frequently asked questions
Is IronFX regulated by the BMA?
Our database records IronFX 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 IronFX clients?
No. It protects clients whose account is with the specific IronFX 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 IronFX clients under the BMA?
No compensation scheme
What leverage can IronFX offer under the BMA?
No statutory cap