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Risk·77–82% of retail CFD accounts lose money. Trade only with capital you can afford to lose.
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Stockbrokers2026

Brokers by Country · BM

Stock Brokers in Bermuda, 2026

Tracked byUpdated

Bermuda is a British Overseas Territory and major offshore-finance hub — the BMA (Bermuda Monetary Authority) operates as a single integrated regulator covering banking, insurance (a globally significant specialty), investment business and trust services. The Bermudian dollar (BMD) is pegged to the USD at par, removing FX conversion friction. There is no domestic retail forex/CFD framework as such; Bermuda's financial sector is dominated by reinsurance and institutional asset management. Most retail FX activity routes through offshore brokers using USD wires.

4 / 4 brokers accept Bermuda

stock

  1. Editorial top pick

    01Deriv

    BVIMFSA
    Open account at Deriv →
    Avg spread
    0.70pip
    editorial estimate
    Cost / lot
    $7.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU retail (MFSA Malta): 1:30 · Labuan / Vanuatu / BVI entities: up to 1:1000

    $5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020) · Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill

    Fits ifYou trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product category
    PlatformsMetaTrader 5, Deriv X

    Founded in 1999 · Verified Jun 1, 2026

    Full Deriv details →

  2. 02XM Group

    ASICCySECIFSC
    Open account at XM Group →
    Avg spread
    1.30pip
    midpoint of broker range
    Cost / lot
    $13.00
    no commission
    Min deposit
    $5
    Max leverage
    1:1000
    EU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000

    $5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list

    Fits ifYou want the lowest-friction entry in our list — $5 minimum deposit
    PlatformsMetaTrader 4, MetaTrader 5, Web Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full XM Group details →

  3. 03Libertex

    SVG FSA
    Open account at Libertex →
    Avg spread
    0.50pip
    midpoint of broker range
    Cost / lot
    $5.00
    no commission
    Min deposit
    $10
    Max leverage
    1:999
    Libertex International (St. Vincent & the Grenadines). EU/EEA residents are served by the separate CySEC-regulated entity at 1:30.

    $10 minimum + Forex Club heritage (founded 1997) — long operating history · Offshore SVG (St. Vincent & the Grenadines) registration only — no tier-1 (FCA/ASIC) or EU (CySEC) oversight

    Fits ifYou have $10 to start — one of the lowest entry minimums in our list
    PlatformsMetaTrader 4, MetaTrader 5, Libertex Platform

    Founded in 1997 · Verified Jun 1, 2026

    Full Libertex details →

  4. 04RoboForex

    IFSC
    Open account at RoboForex →
    Avg spread
    0.20pip
    broker-published typical
    Cost / lot
    $6.00
    incl. $4 commission
    Min deposit
    $10
    Max leverage
    1:500
    IFSC Belize offshore only — ECN tier; separate Pro account reaches 1:2000

    ECN account: 0.2 typical + $4 round-turn ≈ $6/lot — among cheapest commission tiers in our list · IFSC Belize only — no tier-1 regulator, no FSCS-equivalent protection

    Fits ifYou're in a non-restricted, non-EU-focused jurisdiction and want ECN-style $6/lot pricing at a $10 entry minimum
    PlatformsMetaTrader 4, MetaTrader 5, R Stocks Trader

    Founded in 2009 · Verified Jun 1, 2026

    Full RoboForex details →

Country context

Regulator
BMA · Bermuda Monetary Authority — single integrated regulator covering banking, insurance (a major specialty), investment business and trust services
Currency
BMD
Payment methods
Wire transfer (BMD / USD)Bank transferVisa
Tax

Bermuda levies no personal income tax, no capital gains tax and no VAT. Income from foreign brokers is therefore not subject to Bermudian personal taxation, though residents may have reporting obligations in their country of citizenship.

Retail trading rules

There are no statutory leverage caps for offshore-served residents; brokers apply their own limits. The BMA publishes a register of locally licensed entities and warnings about unauthorised solicitations. Bermuda is on the OECD Inclusive Framework and complies with global tax-transparency standards (CRS, FATCA).

Frequently asked

Which brokers accept residents of Bermuda?+

4 of 4 brokers in our ranking accept Bermuda: Deriv, XM Group, Libertex, RoboForex.

Who regulates brokers for Bermuda?+

Primary regulator: BMA — Bermuda Monetary Authority — single integrated regulator covering banking, insurance (a major specialty), investment business and trust services.

What payment methods are available?+

Common methods: Wire transfer (BMD / USD), Bank transfer, Visa.

What are the tax rules for trading in Bermuda?+

Bermuda levies no personal income tax, no capital gains tax and no VAT. Income from foreign brokers is therefore not subject to Bermudian personal taxation, though residents may have reporting obligations in their country of citizenship.

Scope of coverage

Brokers tracked
14
Regulators indexed
55
Regulator actions logged
2
Latest pricing verification
Jun 1, 2026

Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.