Key takeaways
- Brokers register with the SCB as broker-dealers, with a CFD approval.
- The Securities Industry Act 2024 modernised the framework.
- A physical office and resident management are expected.
- No corporate income, capital gains or withholding tax.
The framework
The Securities Commission of The Bahamas regulates securities businesses under the Securities Industry Act 2024. FX/CFD brokers register as broker-dealers and need a separate CFD approval; capital depends on whether you act as agent (STP) or principal (market maker).
Requirements
- Bahamas company and a physical office with IT support.
- CEO, chief compliance officer, MLRO, CFD supervisory officer and a registered representative.
- Evidence of capital via a corporate bank statement.
- Professional indemnity insurance, external audit and FATCA/CRS filings.
- Annual SCB fees plus quarterly activity fees linked to trading revenue.
Local partners can provide the officers and office as a managed service.
From SCB registration to MT5
Once registered, we prepare your MetaQuotes file. See Bahamas forex licence.