3Moderate

CIMA regulated forex brokers

Cayman Islands Monetary Authority · 🇰🇾 Cayman Islands

The Cayman Islands Monetary Authority (CIMA) is the financial regulator for Cayman Islands, established in 1997. ForexLicenses.com classifies it as tier 3 (moderate regulation). We currently match 7 brokers in our database to an CIMA licence.

CIMA licenses securities investment businesses in the Cayman Islands, a major offshore finance centre. Several broker groups (Vantage, ThinkMarkets, Mitrade, EBC) hold CIMA licences for their 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
Securities Investment Business Law requirements
Complaints
CIMA

Brokers licensed by the CIMA 7

Broker Licences on record Licence Score Actions
1 MG MultiBank Group Forex & CFD broker, since 2005 ASICBaFinMASCySECFMA (NZ)CIMA+1 80Very strong Licences Visit site
2 T ThinkMarkets Forex & CFD broker, since 2010 ASICFCAJFSACySECFSCACIMA 77Strong Licences Visit site
3 V Vantage Forex & CFD broker, since 2009 ASICFCAFSCACIMAVFSC 69Strong Licences Visit site
4 H HYCM Forex & CFD broker, since 1977 FCACySECDFSACIMA 67Strong Licences Visit site
5 M Mitrade Forex & CFD broker, since 2011 ASICCySECCIMAFSC (MU) 62Strong Licences Visit site
6 EF EBC Financial Group Forex & CFD broker, since 2020 ASICFCACIMA 60Moderate Licences Visit site
7 TM Tradeview Markets Forex & CFD broker, since 2004 CIMA 34Weak Licences Visit site

Frequently asked questions

How do I check if a broker is CIMA regulated?

Search the firm's name or licence number on the CIMA official register (https://www.cima.ky/search-entities-cima), confirm the status is current and that the website domain you're using is listed, then check the CIMA warning list for clones.

Does the CIMA offer investor compensation?

No compensation scheme

What leverage do CIMA-regulated brokers offer?

No statutory cap

Is negative balance protection required by the CIMA?

It is not a regulatory requirement under the CIMA, though some brokers offer it contractually.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.