Deposit pause for all yield earning customers

We operate under strict requirements from the Bermuda Monetary Authority (BMA). This is to ensure your assets are safe at all times. Last month, we reached the temporary limit set by our regulators. While we work closely with the BMA to get these limits updated, we have to temporarily bring the number of users and assets under management down.

How will this affect you? 

As a result, we have taken the decision to pause new deposits on your account ensuring that your current investments grow at the rate we promised.  You will continue to earn yield on your current balance and can continue trading on the platform at our competitive rates.

This is a temporary pause and you will be able to deposit funds into your yield earning account as soon as the regulatory limits are lifted. If you decide to withdraw funds, you will not be able to deposit that money back into your account until the limit is lifted. 

If you wish to deposit new funds onto the platform to trade with, please contact In this case, we will be required to disable the yield earning function on your account where you will only benefit from our competitive trading rates.

Updates of our rewards program

To compensate for the deposit pause, we have decided to reactivate our deposit match and referral program. Given our generous bonus promotion, we hope that this compensation will be an added reason to refer contacts who you believe could benefit from the platform. New users are able to make deposits, meaning that they are able to enter the program. These deposits made by new users will, however, not be yield earning. 




Was this article helpful?
1 out of 3 found this helpful
Have more questions? Submit a request



Please sign in to leave a comment.