Following its formation earlier this year by founding members Pepperstone, Capital.com, and Trade Nation, the Bahamas Institute of FX & CFD Issuers (BIFCI) has announced that leading global online broker IC has also joined the group.
As the Bahamas has increasingly become a popular offshore jurisdiction for online brokers, BIFCI was established as a not-for-profit alliance of licensed Forex and CFD firms operating in The Bahamas. BIFCI works in collaboration with the Securities Commission of The Bahamas (SCB) to promote consumer protection, fair competition, and high industry standards. Its purpose is to foster a thriving local industry by engaging with market participants, creating local employment opportunities, and encouraging innovation that enhances market efficiency and investor confidence.
The Bahamas Institute of FX & CFD Issuers put out the following message regarding IC joining the initiative.
We’re pleased to welcome IC Markets as the newest member of the Bahamas Institute of FX & CFD Issuers (BIFCI).
As one of the industry’s leading global brokers, IC Markets’ membership further strengthens BIFCI’s mission to foster collaboration, promote best practice, and support the continued development of a transparent, well-regulated Forex & CFD industry in The Bahamas.
By bringing together licensed firms, BIFCI provides a platform for constructive engagement, knowledge sharing, and industry leadership. With IC Markets joining our growing membership, we’re excited to continue building a stronger voice for the sector and contributing to the long-term success of The Bahamas as a leading international financial centre.
Welcome to the BIFCI community, IC Markets—we look forward to working together.