Public Warning: QFEX Bermuda Limited (2025-11-12)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority (BMA) alerting the public that QFEX Bermuda Limited is not licensed or registered with the Authority, despite its website falsely claiming to hold a BMA licence. The entity has been added to the BMA's public warning list of unauthorised firms.

• False claim: QFEX Bermuda Limited's website (qfex.com) falsely stated it had been issued a licence by the BMA.
• Actual status: The BMA confirms QFEX is neither licensed nor registered with the Authority.
• Public solicitation: QFEX's website invited members of the public to join a waitlist under terms that formed a binding agreement, and asked users to upload identification for third-party verification.
• Remedial action: After being notified of the false statements, QFEX removed public access to its website.
• Warning list: QFEX has been added to the BMA's public warning list of known unauthorised firms and individuals.

The notice is informational and serves as a public caution rather than imposing regulatory obligations on licensed entities; it reminds the public that dealing with unregulated entities carries increased risk.

Applies to

members of the public, unlicensed entities