Membership
Join an association committed to building a credible, well-regulated Forex and CFD sector in The Bahamas.
Why Join BIFCI
The Value of Membership
Eligibility
Who Can Apply
BIFCI membership is open to licensed firms that issue or arrange and facilitate the distribution of CFDs and/or margin FX in The Bahamas.
To be eligible, applicants must:
Be in the business of issuing or arranging CFDs and/or margin FX in The Bahamas under their own licence or be within 3 months of commencing such activities at the time of application.
And meet one of the following regulatory criteria:
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Be regulated as a securities firm under a Bahamas licence for at least 2 years prior to application; or
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Have a Related Entity that has been licensed and operating as a CFD issuer in a jurisdiction with materially equivalent regulation to SCB standards (implementing IOSCO policy measures for OTC leveraged products) for at least 2 years prior to application.
In all cases, applicants must also:
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Agree to comply with all applicable laws, Rules, and BIFCI Standards
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Agree to pay all applicable fees
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Confirm they have not engaged, and will not engage, in conduct likely to bring BIFCI into disrepute
Membership Fee
The annual membership fee is payable upfront prior to approval of a membership application. Fees support the Institute's operational activities, engagement programmes, and industry initiatives.
Annual Membership
5,000$Every year
How to Apply
Application Process
1
Complete the Form
Submit the membership application form below with your firm's details and licence information.
2
Review
The BIFCI Membership Committee will review your application to confirm eligibility and compliance with Institute requirements.
3
Confirmation
Approved applicants will be contacted with next steps, including fee payment instructions and onboarding details.