Bermuda has long been known as a country where companies incorporate for regulatory and tax reasons. And perhaps not surprisingly, the trend continues to this day, with a number of forex and CFD brokers registered there. Among the brokers in Bermuda, some claim to be “registered” with the Bermuda Monetary Authority, while others remain entirely unregulated.
As in most other countries in the world, the majority of forex brokers in Bermuda offer the MetaTrader 4 (MT4) platform as one of their trading platforms. Being such a widely used platform in the forex trading community, this makes it easy for traders to transition from one broker to another without having to learn a new platform. At the same time, the platform is both simple enough for new traders to learn, while still having all the features even the most advanced traders would require.