Wikilix
Licence record

SCB licence SIA-F217

Holder
RMS TRADE
Jurisdiction
Bahamas
Licence type
Investment Advisory License
Last checked
Aug 17, 2026

This is Wikilix's record of a licence issued by The Securities Commission of The Bahamas. It sets out what the register says, what we checked, and what the authority's own rules protect.

WIKILIX

Licence intelligence

RecordModified Sep 7, 2026

Licence Verification Record

The Securities Commission of The Bahamas SIA-F217

Wikilix read the SCB register on Aug 17, 2026. This is what it said.

Issuing authority
The Securities Commission of The Bahamas
Holder
Pepperstone Group Limited
Jurisdiction
Bahamas
Licence type
Investment Advisory License
Register status
Clone-firm claim, not held by this operator
Not found on register

Checked Aug 17, 2026

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

wikilix.com/licenses/the-securities-commission-of-the-bahamas/rms-trade/sia-f217Fields on file 6 / 11

Open RMS TRADEAbout SCB
Our check
Checked

What we checked

This licence is no longer in force, or the register did not carry it when we looked.

Wikilix check
Ended
Authority strength
Tier 3
Jurisdiction
Bahamas
Last checked
Aug 17, 2026
Register says
Clone-firm claim, not held by this operator

Finding

This Bahamian licence number belongs to an unrelated, genuinely authorised firm. WIKILIX found no evidence that the operator behind this brand holds any Bahamian authorisation.

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

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
SIA-F217
Licence type (Wikilix classification)
Investment Advisory License
Register status
Clone-firm claim, not held by this operator
The authority

About SCB

The Securities Commission of The Bahamas is the authority that issued this licence, and the jurisdiction it applies in is Bahamas.

Full name
The Securities Commission of The Bahamas
Jurisdiction
Bahamas
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
1995
Oversight
A government or statutory body
Firms we track under it
10 firms
Regulates
Forex, Stocks, Fund, Options, Securities, Futures
Licences it issues
SIA Broker‑Dealer (Class II – Principal & Agency CFDs)
Typical cost of a licence
USD 30000-50000
Public register
Searchable by the public
Transparency
Medium

SCB is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

SCB's own rules for the firms it authorises.

  • No compensation scheme
  • Client money kept separate
  • Negative balance protection
  • Complaints routeSCB Complaints Unit
  • Maximum leverage1:200
This licence is not in force, so these protections do not apply to it. They describe SCB's regime for the firms it currently authorises.
The holder

Who holds this licence

The licence above is recorded against RMS TRADE. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
Pepperstone Group Limited
Based in
Australia
Wikilix score
79.9the firm’s overall score, not a rating of this licence

Wikilix has flagged RMS TRADE as a suspected clone of another firm. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • Pepperstone Group LimitedAustralia · Reg. ACN 147 055 703 · Oct 27, 2010
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences RMS TRADE holds

6 other licences are on record for RMS TRADE.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
Pepperstone Group Limited offers a wide range of regulated financial instruments including Forex, stocks, options, derivatives, commodities, futures, bonds, funds, securities, and CFDs. The exact instruments available may depend on the regulatory jurisdiction and account type.
Pepperstone Group Limited offers leverage up to 30:1 depending on the regulatory jurisdiction. For example, ASIC limits leverage to 28:1, FCA and CySEC allow up to 30:1, while the Dubai Financial Services Authority permits leverage up to 150:1. Leverage availability may vary by region and instrument.
RMS TRADE supports various funding methods including credit/debit cards, bank wire transfers, e-wallets like PayPal and Skrill, local payment methods such as POLi and MPESA, cryptocurrency (USDT on TRC20, ERC20, BEP20), and mobile payments like Apple Pay and Google Pay. Deposit processing is generally instant, while withdrawals may take 1 to 3 business days depending on the method.
Pepperstone Group Limited, operating as RMS TRADE, is regulated by several authorities including ASIC in Australia and FCA in the UK. These regulators are onshore and tier 1, providing high transparency and client fund segregation. However, there is no mandatory client fund insurance under ASIC, while FCA offers protection up to £85,000.
Licence SIA-F217 was issued by The Securities Commission of The Bahamas (SCB), the financial authority for Bahamas.
RMS TRADE holds this SCB licence. A licence on record means the authority published an entry; it is not an endorsement.
No. This licence is no longer in force, or the SCB register did not carry it when we looked. It is kept on record because a closed registration is part of a firm’s history.
Wikilix rates SCB tier 3. Supervision is lighter-touch and client protections vary.
Yes, SCB is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
RMS TRADE has 6 other licences on record with Wikilix, across 6 jurisdictions. They are listed further down this page.
Still Need Help?

Can't find what you're looking for?

Our support team is here to help you get the answers you need.