Regulators： Bermuda Monetary Authority

Regulatory region： Bermuda

License Type： Financial license

Application price (USD)： ****

Application frequency： 4months

Maintenance costs (USD)： ***

Company Summary： Foreign Exchange Supervision Reminder The Bermuda Monetary Authority's BMA regulates foreign exchange margin business, which is a type of CFD for price difference contracts. Definition of contract for price difference: Rights based on: (a) Price difference contracts; or (b) Any other contract that achieves profits or avoids losses by referring to fluctuations in the following investment targets: (i) The value or price of any property; or (ii) Index or other factors in the contract for this purpose; Does not include contracts where the parties intend to achieve profits or avoid losses by delivering any property involved in the contract. Institutional Introduction

Product details： The Bermuda Monetary Authority, also known as the Bermuda Monetary Authority, is responsible for overseeing the financial services industry within the Bermuda Islands. The Bermuda Monetary Authority BMA was established in 1969 to oversee financial institutions operating within its jurisdiction. It is also responsible for issuing Bermuda's national currency, managing foreign exchange transactions, assisting other institutions in preventing financial crime, and advising the Government on banking and other financial currency issues. The Bermuda Monetary Authority (BMA) regulates banks, trust companies, investment businesses, investment funds, fund management, cash services, corporate service providers, and insurance companies within the Bermuda Islands. It also regulates securities trading within the Bermuda Islands