Bermuda is a popular offshore jurisdiction for forex brokerage companies, and that includes a number of good low spread brokers. These are companies that offer the smallest differences between the buy and sell prices of trading instruments, which is one of the most important things to consider when choosing a brokerage company to trade with.
In Bermuda, both low spread forex brokers and other types of financial services companies should generally hold a license issued by the Bermuda Monetary Authority. However, it is well-known that many foreign brokerage companies operate out of this country without such a license. Most of these companies are, however, regulated in other countries, which could help ease the minds of potential clients.