Brokerage group Capital.com appears to be in the process of acquiring a banking license in the Bahamas.
The company is currently hiring a CEO for a bank based in Nassau, with the job description heavily implying that the person’s role will be to oversee a new banking entity.
Capital.com already has a brokerage license in the country.
However, CFD brokers are subject to regulation by the local Securities Commission, whereas this new entity will be regulated by the country’s central bank.
Much of the company’s business from the Bahamas is likely to derive from reverse solicitation, which tends to come from markets where it’s harder to accept payments. Having a banking license may help solve some of these problems.
If the company does get a banking license in the country, it will not be the first CFD provider to have one.
Rival brand FxPro launched BankPro, a Bahamas-regulated banking entity, at the end of 2024.
