A group of forex and CFD brokers has launched a new industry
body in the Bahamas, aiming to improve coordination among firms and strengthen
engagement with regulators in a growing offshore market.
Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)
Industry Body Takes Shape
The Bahamas Institute of Forex and CFD Issuers (BIFCI) has
been established by Pepperstone, Capital.com, and Trade Nation. According to Tamas Szabo, the Group CEO of Pepperstone, the initiative
has been under development since April 2023 and is now operational.
Szabo said that the idea emerged
from shared challenges across licensed firms in the jurisdiction. These include
regulatory expectations, capital requirements, and market conduct standards.
“We have been working on developing this Bahamas industry
body www.bifci.com since April 2023 and now it has finally come to fruition. Looking
forward to working with other industry participants and if you are already in
the Bahamas or looking at the Bahamas as a jurisdiction of choice please feel
free to reach out.”
The association aims to provide a formal structure for firms
to communicate with each other and present a unified voice when engaging with
the Securities Commission of The Bahamas. BIFCI will operate as a not-for-profit body representing
licensed forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Read this Term and CFD issuers in the country.
Focus on Standards and Regulation
The institute also plans to promote collaboration among
members, create a structured channel for regulatory dialogue, and support
education initiatives. These include partnerships with universities to build
local expertise in leveraged trading markets.
BIFCI has opened membership to all licensed brokers in the
Bahamas and is encouraging firms considering the jurisdiction to apply. The
organization will be governed by an executive committee formed by its founding
members.
Continue reading: Pepperstone UK Profit Jumps 81% to £18 Million in FY25
The FX and CFD industry in the Bahamas has shifted from a
light‑touch
offshore hub to a costlier but more structured jurisdiction, with tighter rules
and a growing cluster of internationally regulated brokers. The Securities Commission of The Bahamas oversees
forex and CFD brokers under a regime that has tightened significantly since
2020.
The Securities Industry (Contracts For Differences) Rules
2020, which came into force in May 2021, introduced leverage
Leverage
In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders
In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders
Read this Term caps of up to
200:1 for retail, a ban on binary options, negative balance protection and
stricter marketing limits, including curbs on cold calling and aggressive
acquisition tactics.
Brokers Build Rare Collective Voice in Bahamas
Unlike most offshore centres, where brokers typically
operate independently under local rules, this move brings together three multi‑jurisdiction
brokers to create a formal, broker‑led association, making the development a
notable outlier among rival offshore hubs.
This structure gives Bahamas‑licensed brokers a collective
platform that does not really exist in comparable jurisdictions such as
Seychelles, Belize or Vanuatu, where regulators and broad business chambers
usually dominate the conversation rather than product‑specific industry bodies.
A group of forex and CFD brokers has launched a new industry
body in the Bahamas, aiming to improve coordination among firms and strengthen
engagement with regulators in a growing offshore market.
Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)
Industry Body Takes Shape
The Bahamas Institute of Forex and CFD Issuers (BIFCI) has
been established by Pepperstone, Capital.com, and Trade Nation. According to Tamas Szabo, the Group CEO of Pepperstone, the initiative
has been under development since April 2023 and is now operational.
Szabo said that the idea emerged
from shared challenges across licensed firms in the jurisdiction. These include
regulatory expectations, capital requirements, and market conduct standards.
“We have been working on developing this Bahamas industry
body www.bifci.com since April 2023 and now it has finally come to fruition. Looking
forward to working with other industry participants and if you are already in
the Bahamas or looking at the Bahamas as a jurisdiction of choice please feel
free to reach out.”
The association aims to provide a formal structure for firms
to communicate with each other and present a unified voice when engaging with
the Securities Commission of The Bahamas. BIFCI will operate as a not-for-profit body representing
licensed forex
Forex
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi
Read this Term and CFD issuers in the country.
Focus on Standards and Regulation
The institute also plans to promote collaboration among
members, create a structured channel for regulatory dialogue, and support
education initiatives. These include partnerships with universities to build
local expertise in leveraged trading markets.
BIFCI has opened membership to all licensed brokers in the
Bahamas and is encouraging firms considering the jurisdiction to apply. The
organization will be governed by an executive committee formed by its founding
members.
Continue reading: Pepperstone UK Profit Jumps 81% to £18 Million in FY25
The FX and CFD industry in the Bahamas has shifted from a
light‑touch
offshore hub to a costlier but more structured jurisdiction, with tighter rules
and a growing cluster of internationally regulated brokers. The Securities Commission of The Bahamas oversees
forex and CFD brokers under a regime that has tightened significantly since
2020.
The Securities Industry (Contracts For Differences) Rules
2020, which came into force in May 2021, introduced leverage
Leverage
In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders
In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders
Read this Term caps of up to
200:1 for retail, a ban on binary options, negative balance protection and
stricter marketing limits, including curbs on cold calling and aggressive
acquisition tactics.
Brokers Build Rare Collective Voice in Bahamas
Unlike most offshore centres, where brokers typically
operate independently under local rules, this move brings together three multi‑jurisdiction
brokers to create a formal, broker‑led association, making the development a
notable outlier among rival offshore hubs.
This structure gives Bahamas‑licensed brokers a collective
platform that does not really exist in comparable jurisdictions such as
Seychelles, Belize or Vanuatu, where regulators and broad business chambers
usually dominate the conversation rather than product‑specific industry bodies.
