SCB Regulated Brokers: the Complete List of 20

Twenty brokers in the WIKILIX database hold a licence from the Securities Commission of The Bahamas, the offshore regulator known as the SCB. For all but a handful, that Bahamas licence is not the main one: it sits alongside authorisations from larger regulators, and only four of the twenty are actually headquartered in the Bahamas.

That is the first thing worth knowing before you read the list. An SCB entry on a broker's record usually marks the entity it uses to serve clients outside its home market, not the firm you would deal with in the UK or Australia. Fourteen of the twenty also hold a licence from the UK Financial Conduct Authority, and nineteen hold licences from two or more authorities in total. The single exception, HIBT Markets, holds only its SCB licence and scores 28.2, the lowest on the page.

Who holds an SCB licence, ranked by WIKILIX score

The order below is the WIKILIX score, highest first. The score is built from the regulators a broker holds, how long it has operated, and the status our analysts have recorded against it. Scores here run from 79.9 down to 28.2, with a median of 59.2.

What the Securities Commission of The Bahamas covers

The SCB was established in 1995 and regulates securities firms, investment funds and digital asset businesses under Bahamian law. WIKILIX classes it as an offshore, tier-3 authority. That standing matters. An offshore licence generally carries lighter capital and reporting requirements than an onshore tier-1 regime such as the FCA, and Bahamian client-money rules are not the UK's FSCS. Pictet, founded in 1805, is the oldest firm here by a wide margin. Nine of the twenty opened before 2010, while the newest, HIBT Markets, opened in 2024.

The entries that carry a flag

Six of the twenty do not carry our clean "regulation" status. Blackwell Global and HIBT Markets are both recorded as suspicious clones, which means the name matches a warning our analysts logged rather than a firm we cleared. Four more, among them ActivTrades, INFINOX and Quantfury, carry an "offshore" status label. We keep them on the list because this is the complete SCB register as our records hold it, not a shortlist, and knowing which SCB names are flagged is more useful than a page that hides them.

What this list does not tell you

It does not tell you whether any of these brokers will accept you as a client. That depends on your country of residence and each firm's own terms, not on where it is licensed. It carries no spread or minimum-deposit figures, because WIKILIX does not hold verified numbers for those. Before you rely on an SCB licence, check the entity you are actually contracting with:

• Confirm the licence on the SCB's own registrant search rather than the broker's marketing page.
• Check which group entity your account agreement names, since the SCB arm and the FCA arm are usually different companies.
• Read the status label shown here against the regulator's current public register before you deposit.