Offshore zones are often, if not always, associated with loose regulation and being a congregation place for unreliable bucketshops. The Bahamas financial regulator, the Securities Commission of The Bahamas, seems determined to avert this unfortunate (and often very justified) reputation when it comes to the brokers registered there. A number of new regulations have been implementing with the purpose of attracting serious brokerage firms to get a local license: - Leverage will be capped at 1:200, except for cryptos. Leverage for different cryptocurrencies will be judged case by case; - Binary options for retail clients are banned; - Cold-calling and other similar aggressive marketing tactics are banned; - Bonuses and other incentives of the sort are also banned; - They are implementing a negative balance protection requirement; - There will be more reporting on CFD transactions; - Brokers need to have risk warnings; Source That's better than what most offshore zones do, time will tell whether it will be enough for serious brokers to get such a license though.
Damn, won't be able to squeeze my customers any more like before... Bahamas securities, what are you doing to me?! ....