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Butterfield

Regulated
Bermuda
,
Since 1904
Last Updated:

Trading Conditions

Min Deposit:
N/A
Max Leverage:
N/A
Account Types
Standard Account

User Reviews

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Total Reviews
—
This Month
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Avg Rating

Funding Methods

No funding methods available

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 83%, 2: License 65%, 3: Software 0%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
83%Excellent
License
65%Good
Software
0%Poor
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor

Regulatory Licenses

Regulatory Licenses:
Tier 1
United Kingdom flag
Financial Service
Regulated
FCA | United Kingdom
Regulatory Licenses:
Tier 1
Singapore flag
Financial Service
Regulated
MAS | Singapore
+2
More

Company Information

Full Name:The Bank of N.T. Butterfield & Son Limited
Founded:1904
Headquarters:Bermuda
Enterprise Offices:9offices

Customer Support

Phone:
+1 441 295 1111
Live Chat:
Not Available
Response Time:
—
Languages:
English
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Editorial review
Updated

Broker Summary

What Wikilix has recorded about Butterfield: its history, the licences it holds, its trading conditions and its fees.

Butterfield Overview

Butterfield is the brand name of The Bank of N.T. Butterfield & Son Limited, an independent bank and trust company headquartered at 65 Front Street, Hamilton HM12, Bermuda. The business traces its origins to a mercantile house founded in 1784 and became Bermuda's first bank in 1858, and it was incorporated by a Special Act of the Bermuda Legislature in 1904. It is listed on the New York Stock Exchange under the ticker NTB and on the Bermuda Stock Exchange.

Butterfield is not a retail foreign exchange or CFD broker. Its own website describes three lines of business: banking, trust and investments. It publishes no trading accounts, no leverage, no spreads, no commission schedule and no trading platform, and nothing on its site offers margin foreign exchange or contracts for difference to retail clients. Anyone who arrived here looking for a place to open a leveraged trading account will not find one.

Butterfield Regulation and Licences

The group operates through separately licensed entities in each jurisdiction, and its Legal and Disclaimers page names each one. The parent, The Bank of N.T. Butterfield & Son Limited, states that it is licensed to conduct banking business by the Bermuda Monetary Authority. Butterfield Bank (Cayman) Limited states that it is licensed to conduct banking and investment business by the Cayman Islands Monetary Authority. Butterfield Bank (Channel Islands) Limited states that it is licensed and regulated by the Guernsey Financial Services Commission under registration number 85, and its Jersey branch states that it is regulated by the Jersey Financial Services Commission for deposit-taking, investment business, fund service business and money service business. Butterfield Trust (Asia) Limited states that it is regulated by the Monetary Authority of Singapore under a trust business licence, and Butterfield Mortgages Limited states that it is authorised and regulated by the Financial Conduct Authority under Financial Services Register number 119274. Butterfield Trust (Bahamas) Limited states that it is licensed and regulated by The Central Bank of The Bahamas.

Every one of these is a banking, trust, investment-business or mortgage authorisation. None of them is a foreign exchange or CFD dealing licence, and no such licence is claimed anywhere on the group's own site.

Is Butterfield Regulated?

Yes, as a bank and trust group, but not as a forex broker. The authorisations above are stated by the group on its own regulatory disclosure page and are consistent with an NYSE-listed banking group; they were not independently confirmed against each authority's own public register in the course of this profile, so they are recorded here as claimed rather than register-confirmed. What can be said without qualification is that no regulator anywhere is named as having authorised Butterfield to offer leveraged retail trading, because the firm does not offer it.

The Bank of N.T. Butterfield & Son Limited

The operating company behind the brand is recorded as ACTIVE on the Bermuda Companies Register under registration number 2106, with an entity creation date of 22 October 1904 and a registered address of 65 Front Street, Hamilton HM 12. That record was confirmed through the entity's Legal Entity Identifier, 549300V8RVM0EMTDPF28, which GLEIF marks as fully corroborated against the Bermuda registrar. The same company appears on the United States Securities and Exchange Commission's EDGAR system as Bank of N.T. Butterfield & Son Ltd, CIK 0001653242, classified under SIC code 6029, commercial banks. The group's UK subsidiary Butterfield Mortgages Limited is recorded as Active at Companies House under company number 00338594, incorporated 30 March 1938.

Is Butterfield Safe?

The evidence points to a substantial, long-established and transparently owned institution rather than a risky one, though safety here means the safety of a bank and not of a trading venue. The operating company is a public reporting issuer on the New York Stock Exchange, its identity and registered address match across its own disclosures, the Bermuda register and the SEC, and its deposits carry statutory protection in three jurisdictions: the Bermuda Deposit Insurance Scheme covers eligible Bermuda Dollar deposits up to 25,000 dollars, the Guernsey Banking Deposit Compensation Scheme covers qualifying deposits up to 50,000 pounds, and the Jersey Bank Depositors Compensation Scheme covers eligible depositors up to 50,000 pounds. The group states plainly that the UK Financial Services Compensation Scheme does not cover its Channel Islands deposits.

What Butterfield Offers

Banking covers community banking in Bermuda and the Cayman Islands, private and intermediary banking in Guernsey, specialist banking for financial intermediaries in Jersey, and residential mortgages including in the United Kingdom. Trust covers structures for the growth, protection and transfer of assets. Investments covers discretionary and advisory portfolio management through local portfolio managers in Bermuda, the Cayman Islands, Guernsey and Jersey. Accounts are opened through the local offices rather than through an online application, and the group does not publish a general minimum deposit; one product minimum it does state is a 10,000 pound minimum on its Island Saver Instant Access account.

Butterfield Support

Bermuda client support is published as +1 441 295 1111, Monday to Friday, 8am to 5:30pm, and the corporate offices are open Monday to Friday, 9am to 5pm. Each jurisdiction has its own office address and contact route listed on the Corporate Contacts page. Existing clients can also use secure messaging inside the Butterfield Online banking profile. There is no public live chat.

Butterfield Pros and Cons

Strengths:

  • A named, publicly listed operating company whose registration is confirmed on an authoritative record and matches its own disclosures.
  • Separate statutory authorisations disclosed in each jurisdiction it operates in, including Financial Conduct Authority and Monetary Authority of Singapore authorisations for two subsidiaries.
  • Statutory deposit protection in Bermuda, Guernsey and Jersey.
  • An operating history of more than 160 years and physical offices with published addresses in eight jurisdictions.

Limitations for anyone researching it as a trading venue:

  • No foreign exchange or CFD trading is offered at all, so there is no account, platform, spread or leverage to compare.
  • Services are restricted from the United States and its territories, and UK investors are not accepted as clients of the Bahamas, Bermuda and Cayman Islands investment business.
  • Onboarding runs through local offices rather than online, so access depends on being in a jurisdiction the group serves.

Butterfield Review and Assessment

Butterfield is a genuine and well-documented financial institution, and the useful conclusion for a reader is one of category rather than of risk. The Bank of N.T. Butterfield & Son Limited is a Bermuda bank and trust group with more than 160 years of history and an NYSE listing, and it sells banking, fiduciary and portfolio management services to clients in a defined set of jurisdictions. It is not a venue for leveraged trading and does not present itself as one. The single most important thing to check before acting on anything you read about Butterfield as a broker is whether the site in front of you is actually butterfieldgroup.com, because a well-known bank name with no retail trading product is exactly the kind of brand that impersonators borrow.

Website archive
Captured

Website snapshots

12 full-page captures of Butterfield's own site, archived so what they said can still be read after the pages change.

12 pages
Homepage
Legal & Disclaimers (Regulation)
About Us
Corporate Contacts
Terms of Use
Privacy Notice
Complaints Procedure (Bermuda)
Personal Banking & Accounts
International Money Transfers
Treasury Interest Rates
Sanctioned & Restricted Countries
Investor Relations
Captured by Wikilix from the broker's live site. Open any shot to read it full size.
Regulation check
Checked

Regulatory Licenses

Butterfield holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each licence below opens its record of what that register says.

1 of 4 checked
Licences on record
4
Confirmed on register
1
Tier 1 or 2
2
Offshore
2

WIKILIX

Licence intelligence

The strongest of 4 licences on file

Licence Verification Record

Monetary Authority of Singapore No number recorded

Wikilix read the MAS register on Sep 18, 2026. This is what it said.

Name on the register
BUTTERFIELD TRUST (ASIA) LIMITED
Jurisdiction
Singapore
Authority strength
Tier 1
Licence type
Financial Service
Shown on the Butterfield website
Shown
Checked

Checked Sep 18, 2026

Permissions

  • Licensed Trust Company

Client protection under this licence

  • No compensation schemeNo mandatory insurance (but strict fund segregation)
  • Complaints routeFIDReC
  • Maximum leverage1:20

These are the rules MAS sets for the firms it licenses. They are not a statement about how Butterfield applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Open the MAS licence recordCheck it on the registerAbout MAS

Tier 1 and 2 authorities

1 licence

Tier 3 and 4 authorities

2 licences
Client acceptance

Country availability

Where Butterfield says it will and won't take clients

14 countries

Confirmed blocked

Named in the broker's own terms

USUnited StatesGBUnited Kingdom

Covered by a parent block

Territories a blocked country carries with it

PRPuerto RicoGUGuamVIVirgin Islands (U.S.)ASAmerican SamoaMPNorthern Mariana Islands

Explicitly accepted

Named as accepted — not a full list of served markets

BMBermudaKYCayman IslandsGGGuernseyJEJerseyBSBahamasSGSingaporeCHSwitzerland
How we know — 8 sources
  1. 1United States (US) blocked: the Legal and Disclaimers page at https://www.butterfieldgroup.com/legal-and-disclaimers states that Butterfield Asset Management investment vehicles, products and services have not been registered or licensed under any US securities legislation, are not offered or sold, directly or indirectly, in the US, any US territory or possession or area subject to US jurisdiction, are not otherwise available in the US, and are directed only to persons in countries other than the US. The page then defines US Person in detail and states that no products will be provided to anyone the firm has reason to believe is a US Person.
  2. 2US dependent territories (PR, GU, VI, AS, MP) are not named individually anywhere on the site. They are attributed to the clause wording any US territory or possession or area subject to US jurisdiction on the same Legal and Disclaimers page, so they are recorded as dependent-territory blocks rather than as confirmed named blocks.
  3. 3United Kingdom (GB) blocked: the same Legal and Disclaimers page states that for the services provided by the Bahamas, Bermuda and Cayman Islands offices the group is not authorised under the Financial Services and Markets Act 2000 to carry on investment business in the United Kingdom, that no monies are payable under the UK Investors Compensation Scheme, and that UK investors will not be accepted as clients or subscribers. The block is scoped to that offshore investment business. The group's separate UK subsidiary Butterfield Mortgages Limited is stated on the same page to be authorised and regulated by the Financial Conduct Authority under register number 119274 for mortgage lending, so the UK exclusion is not group-wide.
  4. 4Accepted markets (BM, KY, GG, JE, BS, SG, CH): each of these jurisdictions has a dedicated section on https://www.butterfieldgroup.com/ with a locally licensed group entity named in the Legal and Disclaimers page, a local office address on https://www.butterfieldgroup.com/corporatecontacts and a local contact route. That published local offering is the basis for the whitelist. The United Kingdom is excluded from this list because the investment-business exclusion above names it explicitly.
  5. 5The Terms of Use at https://www.butterfieldgroup.com/terms-of-use repeats the US restriction and adds that Butterfield products and services listed on the website are available only in those jurisdictions where they may be legally offered or obtained. That is a category rather than a list of countries, so no individual country codes were derived from it and none were inferred.
  6. 6No dedicated restricted-countries page is published: the candidate paths /restricted-countries, /prohibited-countries, /accepted-countries and /where-we-operate are not served by the site.
  7. 7No public registration or account-opening form with a country selector is published on the corporate site. Client onboarding runs through the local offices, so there is no enforced onboarding country array to read.
  8. 8The Privacy Notice at https://www.butterfieldgroup.com/privacy-notice and the Security and Fraud page at https://www.butterfieldgroup.com/security-fraud were both read and neither carries a jurisdiction restriction list.
Recorded by WIKILIX research, not published by the broker, and not a guarantee. A country listed nowhere above is not thereby accepted — check Butterfield's own terms before you open an account.
Social channels

Social Presence

4 official channels on record.

4 channels
Channels as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

9 legal entities behind the Butterfield brand.

9 entities
  • The Bank of N.T. Butterfield & Son LimitedActiveLicence holderBermudaRegistration 2106Established Oct 22, 1904Holds BMAParent and principal operating entity of the Butterfield Group. Recorded as ACTIVE on the Bermuda Companies Register under registration number 2106, with an entity creation date of 22 October 1904, corroborated through the GLEIF Legal Entity Identifier record 549300V8RVM0EMTDPF28. Listed on the New York Stock Exchange and the Bermuda Stock Exchange.
  • Butterfield Mortgages LimitedActiveLicence holderUnited KingdomRegistration 00338594Established Mar 30, 1938Holds FCAUK subsidiary carrying on residential mortgage lending. Recorded as Active on the UK Companies House register under company number 00338594, incorporated 30 March 1938. Stated by the group to be authorised and regulated by the Financial Conduct Authority under Financial Services Register number 119274.
  • Butterfield Bank (Channel Islands) LimitedActiveGuernseyRegistration 21061Wholly owned Guernsey banking subsidiary, stated by the group to be licensed and regulated by the Guernsey Financial Services Commission under registration number 85 and registered with the Guernsey Registry under number 21061. Operates a Jersey branch under the registered business name Butterfield Bank Jersey.
  • Butterfield Bank (Cayman) LimitedActiveLicence holderCayman IslandsHolds CIMAWholly owned Cayman Islands banking subsidiary, stated by the group to be licensed to conduct banking and investment business by the Cayman Islands Monetary Authority. No public registration number is published on the group's own pages.
  • Butterfield Trust (Asia) LimitedActiveLicence holderSingaporeRegistration 201719034RHolds MASSingapore trust subsidiary incorporated under company registration number 201719034R, stated by the group to be regulated by the Monetary Authority of Singapore and to hold a trust business licence under the Trust Companies Act (Chapter 336).
  • Butterfield Trust (Guernsey) LimitedActiveGuernseyRegistration 31645Guernsey fiduciary subsidiary, stated by the group to be licensed and regulated by the Guernsey Financial Services Commission under registration number 101113 and registered with the Guernsey Registry under number 31645.
Show 3 more
  • Butterfield Trust (Switzerland) LimitedActiveSwitzerlandSwiss registered trust and fiduciary services subsidiary. The group states it is affiliated to and supervised by the self-regulating association SO-FIT, a government-approved supervisory organisation licensed by FINMA. This is supervision through a self-regulatory body rather than a direct FINMA licence.
  • Butterfield Trust (Bahamas) LimitedActiveBahamasBahamas trust subsidiary, stated by the group to be licensed and regulated by The Central Bank of The Bahamas under the Banks and Trust Companies Regulation Act 2000.
  • Butterfield Asset Management LimitedActiveBermudaBermuda investment management subsidiary, stated by the group to be licensed to conduct investment business by the Bermuda Monetary Authority. This is the entity whose investment vehicles carry the group's United States and United Kingdom sales restrictions.
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Company registry check
Checked

Company Registration

The operating company is The Bank of N.T. Butterfield & Son Limited. Registered in Bermuda. Registration number 2106.

Verified on registry
Legal entity
The Bank of N.T. Butterfield & Son Limited
Registration number
2106
Jurisdiction
Bermuda
Incorporated
Oct 22, 1904
Registry
Registrar of Companies, Ministry of Economic Development, Bermuda (entity corroborated via GLEIF LEI 549300V8RVM0EMTDPF28)
Registered address
65 Front Street, Hamilton HM 12, Bermuda
Frequently Asked Questions

Frequently Asked Questions

Common questions about Butterfield

Most Popular Questions

The published Bermuda client support number is +1 441 295 1111, available Monday to Friday, 8am to 5:30pm, and the corporate offices are open Monday to Friday, 9am to 5pm. Each jurisdiction has its own office address and contact route on the Corporate Contacts page. Existing clients can also use secure messaging inside the Butterfield Online banking profile. There is no public live chat.

In part, and the limits are modest. The parent bank participates in the Bermuda Deposit Insurance Scheme, which protects eligible Bermuda Dollar deposits up to 25,000 dollars. Butterfield Bank (Channel Islands) Limited participates in the Guernsey Banking Deposit Compensation Scheme, protecting qualifying deposits up to 50,000 pounds, and its Jersey branch participates in the Jersey Bank Depositors Compensation Scheme on similar terms. The group states that the UK Financial Services Compensation Scheme does not cover these deposits.

Butterfield publishes no deposit or withdrawal method table, because it is a bank rather than a trading venue: money moves through ordinary banking channels agreed with the local branch. There is no published broker-style funding page, no card or e-wallet funding schedule and no stated withdrawal processing time.

No. The group states that its investment vehicles, products and services have not been registered or licensed under any US securities legislation, are not offered or sold directly or indirectly in the US or any US territory or possession, and are directed only to persons in countries other than the US. It also sets out a detailed definition of a US Person and states that it will not provide products to anyone it has reason to believe falls within it.

The group publishes dedicated jurisdiction sections for Bermuda, the Cayman Islands, Guernsey, Jersey, The Bahamas, Singapore and Switzerland, each with a locally licensed entity and a local office. Its own terms exclude the United States, together with any US territory or possession, and state that UK investors will not be accepted as clients or subscribers of the Bahamas, Bermuda and Cayman Islands investment business. Its separate UK subsidiary, Butterfield Mortgages Limited, does serve UK mortgage clients.

Neither is offered. Leverage and spreads are features of margin trading accounts, and Butterfield does not provide them. Its investment business is discretionary and advisory portfolio management through local portfolio managers rather than self-directed leveraged trading.

None. Butterfield publishes no MetaTrader 4, MetaTrader 5, cTrader or proprietary trading platform, because it does not offer retail trading. Existing banking clients use Butterfield Online, which is an online banking service and not a trading terminal.

The group does not publish a general minimum deposit, and because it offers no trading accounts there is no trading account minimum at all. One product minimum it does state is 10,000 pounds on its Island Saver Instant Access savings account. Account terms are set through the local office in each jurisdiction.

The bank dates itself to 1858, when Nathaniel T. Butterfield established Bermuda's first bank, and traces its origins further back to a mercantile business founded in 1784. It was formally incorporated by a Special Act of the Bermuda Legislature in 1904, and the corporate registry records an entity creation date of 22 October 1904, which corroborates that account.

The operating and parent company is The Bank of N.T. Butterfield & Son Limited, incorporated in Bermuda and registered at 65 Front Street, Hamilton HM 12. It is a publicly traded company rather than a privately held one, listed on both the New York Stock Exchange and the Bermuda Stock Exchange, so its ownership is dispersed among public shareholders.

There is no evidence that it is. The operating company is recorded as active on the Bermuda Companies Register under number 2106 with a 1904 incorporation date, it is a reporting issuer with the United States Securities and Exchange Commission, and it is listed on the New York Stock Exchange under the ticker NTB. The realistic risk attached to this name is impersonation by third parties rather than misconduct by the bank itself.

Yes, as a bank and trust group rather than as a broker. Its Legal and Disclaimers page states that the parent bank is licensed to conduct banking business by the Bermuda Monetary Authority, and it names separate authorisations for subsidiaries in the Cayman Islands, Guernsey, Jersey, Singapore, the United Kingdom and The Bahamas. None of those authorisations is a foreign exchange or CFD dealing licence. These are recorded as claimed by the company because they were not confirmed against each authority's own public register during this review.

No. Butterfield is the brand of The Bank of N.T. Butterfield & Son Limited, a Bermuda bank and trust company. Its own website sets out three business lines, banking, trust and investments, and it publishes no trading account, no leverage, no spreads and no trading platform. If you have been offered a Butterfield-branded forex or CFD trading account, it did not come from this company.

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