BMA regulated forex brokers
Bermuda Monetary Authority · 🇧🇲 Bermuda
The Bermuda Monetary Authority (BMA) is the financial regulator for Bermuda, established in 1969. ForexLicenses.com classifies it as tier 3 (moderate regulation). We currently match 3 brokers in our database to an BMA licence.
The BMA regulates investment businesses in Bermuda. A few broker groups, including IG and IronFX, have used Bermudian entities for international clients.
Key rules for retail clients
- Tier
- Tier 3 — Moderate regulation
- Compensation
- No compensation scheme
- Leverage
- No statutory cap
- Negative balance protection
- Not a regulatory requirement
- Client money
- Investment Business Act requirements
- Complaints
- BMA
Brokers licensed by the BMA 3
Frequently asked questions
How do I check if a broker is BMA regulated?
Search the firm's name or licence number on the BMA official register (https://www.bma.bm/regulated-entities), confirm the status is current and that the website domain you're using is listed, then check the BMA warning list for clones.
Does the BMA offer investor compensation?
No compensation scheme
What leverage do BMA-regulated brokers offer?
No statutory cap
Is negative balance protection required by the BMA?
It is not a regulatory requirement under the BMA, though some brokers offer it contractually.