Bermuda is a British Overseas Territory off the east coast of the United States. The territory has a long-standing tradition of attracting businesses to incorporate on the island, which has also been popular among financial services companies. For this reason, there are today several forex brokers in Bermuda serving traders all over the world.
Bermuda-registered forex brokers are officially overseen by the Bermuda Monetary Authority, but it is known that some forex brokers operate legally registered offshore companies in Bermuda without being regulated by any government regulator there. Some of these are large international forex brokers that may have regulated entities in other countries, but use the forex broker in Bermuda as an option for traders seeking higher leverage and more flexible trading conditions.