Best Offshore Forex Brokers for 2022

Below you will find a list of Forex Brokers that mainly operate in offshore countries. Nowadays, constantly upgrading regulations impose many limitations and restrictions. For instance, due to the ESMA influence, European residents are forced to trade on the Forex market with maximum 1:30 leverage and stop-out levels at 50%. It’s even more complicated in the USA, not only the trading conditions are tight, the number of brokers that accept US clients is very limited. Certainly, going with an offshore forex broker is more risky, but at the same time, the range of trading possibilities is much wider. In addition, some companies are also regulated by local authorities.

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RoboForex RoboForex (2009) Leverage: up to 1:2000 Deposit: from 10 USD Spreads:  low  low Location: Belize Instruments: Currencies Crypto Indices Metals Energies Stocks ETFs Platforms: Web MetaTrader 4 MetaTrader 5 cTrader Specific Social Platform Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money Trustly Qiwi ePayments iDeal Sofort AdvCash Bitcoin Bitсoin Cash Ethereum Liteсoin Tether POLi EcoPayz Alpari Alpari (1998) Leverage: up to 1:3000 Deposit: from 1 USD Spreads:  low  low Location: Belize Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 Binary Platform Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney BitPay LMFX LMFX (2015) Leverage: up to 1:1000 Deposit: from 50 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller VLoad FasaPay Bitcoin AdroFx AdroFx (2018) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Vanuatu Instruments: Currencies Crypto Indices Metals Stocks Platforms: Web MetaTrader 4 Specific Wire Transfer Skrill Neteller VLoad Perfect Money Bitcoin Ethereum Uphold Payeer FirewoodFX FirewoodFX (2014) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Metals Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Perfect Money Tether TradeView TradeView (2004) Leverage: up to 1:400 Deposit: from 100 USD Spreads:  low  low Location: Cayman Islands Instruments: Currencies Crypto Indices Metals Energies Stocks ETFs Platforms: MetaTrader 4 MetaTrader 5 cTrader Currenex Specific FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay ePayments BitWallet Uphold BitPay EcoPayz SticPay OctaFX OctaFX (2011) Leverage: up to 1:500 Deposit: from 5 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 cTrader FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller Bitcoin PF Derivatives PF Derivatives (1999) Leverage: up to 1:300 Deposit: from 5 USD Spreads:  low  low Location: New Zealand Instruments: Currencies Indices Metals Energies Platforms: MetaTrader 4 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller UnionPay iDeal Sofort POLi Giropay Przelewy24 Coinexx Coinexx (2017) Leverage: up to 1:500 Deposit: from 0.0001 BTC Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Ripple Evolve Markets Evolve Markets (2016) Leverage: up to 1:1000 Deposit: from 0.0001 BTC Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 Specific Bitcoin Ethereum Liteсoin Tether FxChoice FxChoice (2010) Leverage: up to 1:200 Deposit: from 100 USD Spreads:  mid  mid Location: Belize Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller VLoad FasaPay UnionPay Perfect Money Trustly Qiwi ePayments AdvCash Bitcoin Bitсoin Cash Ethereum Liteсoin Ripple Tether POLi UPayCard Epay PaySafeCard SticPay AstroPay HQ Broker HQ Broker (2017) Leverage: up to 1:400 Deposit: from 250 USD Spreads:  mid  mid Location: Marshall Islands Instruments: Currencies Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 Wire Transfer Credit Cards LeoPrime LeoPrime (2017) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  low  low Location: Marshall Islands Seychelles Vanuatu Instruments: Currencies Crypto Indices Metals Energies Platforms: MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller UnionPay Perfect Money Bitcoin LQDFX LQDFX (2015) Leverage: up to 1:500 Deposit: from 20 USD Spreads:  low  low Location: Marshall Islands Instruments: Currencies Indices Metals Energies Softs Platforms: MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller VLoad FasaPay Bitcoin Bitсoin Cash Liteсoin Ripple UPayCard AccentForex AccentForex (2017) Leverage: up to 1:500 Deposit: from 50 USD Spreads:  mid  mid Location: Vanuatu Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: MetaTrader 4 Wire Transfer Credit Cards Perfect Money Qiwi AdvCash Bitcoin Grand Capital Grand Capital (2006) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards Skrill Neteller VLoad FasaPay WebMoney Perfect Money Payza AdvCash Bitcoin Ethereum Tether RegularPay Payeer FxGlory FxGlory (2011) Leverage: up to 1:3000 Deposit: from 1 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Metals Energies Platforms: Web MetaTrader 4 Wire Transfer Credit Cards PayPal Skrill Neteller WebMoney Perfect Money Payza Bitcoin Ethereum Liteсoin Ripple Epay SticPay PaxForex PaxForex (2010) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Stocks Platforms: MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller VLoad FasaPay WebMoney Perfect Money Qiwi Bitcoin Ethereum Uphold TradersWay TradersWay (2011) Leverage: up to 1:1000 Deposit: from 5 USD Spreads:  low  low Location: Dominica Instruments: Currencies Crypto Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 cTrader Wire Transfer Credit Cards Skrill Neteller VLoad FasaPay WebMoney Perfect Money ePayments Bitcoin Ethereum Liteсoin Ripple UPayCard MTrading MTrading (2014) Leverage: up to 1:1000 Deposit: from 100 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller SimpleFX SimpleFX (2014) Leverage: up to 1:500 Deposit: from 1 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Specific Skrill Neteller FasaPay Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Tether Forex.ee Forex.ee (1998) Leverage: up to 1:500 Deposit: from 50 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Metals Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay WebMoney Perfect Money Qiwi Bitcoin Bitсoin Cash Ethereum Liteсoin Forex4you Forex4you (2007) Leverage: up to 1:1000 Deposit: from 1 USD Spreads:  low  low Location: British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Specific FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller WebMoney NPBFX NPBFX (1996) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Metals Energies Platforms: MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay WebMoney Yandex Money Qiwi No1 Capital Markets No1 Capital Markets (2017) Leverage: up to 1:1000 Deposit: from 5 USD Spreads:  low  low Location: Vanuatu Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller VLoad FasaPay UnionPay WebMoney Perfect Money Yandex Money Qiwi ePayments Bitcoin Bitсoin Cash Ethereum Liteсoin HugoFX HugoFX (2017) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  mid  mid Location: Seychelles Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Bitcoin NordFX NordFX (2008) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  mid  mid Location: Vanuatu Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: MetaTrader 4 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money Yandex Money Qiwi AstroPay AMarkets AMarkets (2007) Leverage: up to 1:1000 Deposit: from 100 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller VLoad FasaPay WebMoney Perfect Money TenkoFX TenkoFX (2012) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  mid  mid Location: Saint Kitts and Nevis Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 Wire Transfer Skrill Neteller FasaPay Perfect Money Qiwi AdvCash Bitcoin Ethereum Liteсoin Tether XtreamForex XtreamForex (2015) Leverage: up to 1:1000 Deposit: from 5 USD Spreads:  low  low Location: Marshall Islands Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money Qiwi Bitcoin FreshForex FreshForex (2004) Leverage: up to 1:2000 Deposit: from 20 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay WebMoney Perfect Money Yandex Money Qiwi AdvCash Bitcoin Bitсoin Cash Ethereum Liteсoin Ripple Tether SuperForex SuperForex (2013) Leverage: up to 1:1000 Deposit: from 1 USD Spreads:  mid  mid Location: Belize Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Perfect Money Qiwi ePayments AdvCash Bitcoin Liteсoin Dash Ripple SticPay Payeer Alipay PrimeXBT PrimeXBT (2018) Leverage: up to 1:1000 Deposit: from 0.0001 BTC Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Platforms: Web Specific Binary Platform Wire Transfer Credit Cards Bitcoin Ethereum Tether World Forex World Forex (2007) Leverage: up to 1:1000 Deposit: from 1 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines British Virgin Islands Vanuatu Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Specific Binary Platform Wire Transfer Credit Cards WebMoney Perfect Money Yandex Money Qiwi AdvCash Bitcoin Dash Moneta Ru Crypto Rocket Crypto Rocket (2018) Leverage: up to 1:500 Deposit: from 0.0001 BTC Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Bitcoin EagleFX EagleFX (2019) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  mid  mid Location: Dominica Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Bitcoin BlackBull Markets BlackBull Markets (2014) Leverage: up to 1:500 Deposit: from 200 USD Spreads:  low  low Location: New Zealand Instruments: Currencies Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Swiss Markets Swiss Markets (2016) Leverage: up to 1:500 Deposit: from 200 USD Spreads:  mid  mid Location: Mauritius Seychelles Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller iDeal Sofort Giropay Przelewy24 Extrasum Extrasum (2017) Leverage: up to 1:200 Deposit: from 25 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Metals Energies Platforms: Web Specific Wire Transfer Credit Cards Skrill Neteller UPayCard SticPay Tifia Markets Tifia Markets (2011) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  mid  mid Location: Vanuatu Instruments: Currencies Indices Metals Energies Platforms: MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay Perfect Money Bitcoin Forex Chief Forex Chief (2014) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  low  low Location: Vanuatu Instruments: Currencies Crypto Indices Metals Energies Platforms: MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money Qiwi AdvCash Bitcoin Bitсoin Cash Ethereum Liteсoin Ripple CryptoAltum CryptoAltum (2020) Leverage: up to 1:500 Deposit: from 0.0001 BTC Spreads:  mid  mid Location: Marshall Islands Instruments: Currencies Crypto Indices Metals Platforms: Web MetaTrader 5 Credit Cards Bitcoin Bitсoin Cash Ethereum Liteсoin Ripple Tether Axiory Axiory (2012) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  low  low Location: Belize Instruments: Currencies Indices Metals Energies Platforms: Web MetaTrader 4 cTrader FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller VLoad BitPay SticPay XBTFX XBTFX (2019) Leverage: up to 1:500 Deposit: from 0.0001 BTC Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Specific Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Ripple Tether Yadix Yadix (2010) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  mid  mid Location: Seychelles Instruments: Currencies Indices Metals Energies Platforms: MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay Perfect Money Qiwi iDeal PaySafeCard CashU Alipay SageFX SageFX (2020) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 FIX API (protocol) Credit Cards VLoad Bitcoin Ethereum Liteсoin Ripple Tether Arum Trade Arum Trade (2018) Leverage: up to 1:200 Deposit: from 1 USD Spreads:  low  low Location: Vanuatu Instruments: Currencies Crypto Indices Metals Energies Platforms: MetaTrader 5 FIX API (protocol) Skrill Neteller Perfect Money AstroPay Hankotrade Hankotrade (2018) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  low  low Location: Seychelles Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Ripple LonghornFX LonghornFX (2020) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Bitcoin FxPig FxPig (2011) Leverage: up to 1:500 Deposit: from 200 USD Spreads:  low  low Location: Vanuatu Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: MetaTrader 4 cTrader FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller Bitcoin Uphold ProsperityFX ProsperityFX (2020) Leverage: up to 1:500 Deposit: from 25 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: MetaTrader 4 Wire Transfer Credit Cards Bitcoin Fair Forex Fair Forex (2018) Leverage: up to 1:500 Deposit: from 50 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Vanuatu Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards PayPal Bitcoin Ethereum Doo Prime Doo Prime (2014) Leverage: up to 1:400 Deposit: from 100 USD Spreads:  low  low Location: Mauritius Vanuatu Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards PayPal UnionPay Bitcoin Ethereum Tether AZAforex AZAforex (2016) Leverage: up to 1:1000 Deposit: from 1 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web Specific Binary Platform Wire Transfer Credit Cards Skrill Neteller Perfect Money Qiwi AdvCash Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Tether Uphold Payeer Rockfort Markets Rockfort Markets (2014) Leverage: up to 1:100 Deposit: from 500 USD Spreads:  mid  mid Location: New Zealand Instruments: Currencies Crypto Indices Metals Energies Stocks ETFs Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards Skrill POLi M4Markets M4Markets (2019) Leverage: up to 1:1000 Deposit: from 5 USD Spreads:  low  low Location: Seychelles Instruments: Currencies Indices Metals Energies Stocks Platforms: MetaTrader 4 MetaTrader 5 Wire Transfer Skrill Neteller VLoad FasaPay UnionPay Perfect Money BitWallet SticPay Alipay Juno Markets Juno Markets (2014) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  mid  mid Location: Vanuatu Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: MetaTrader 4 FIX API (protocol) Wire Transfer Skrill Neteller FasaPay UnionPay Bitcoin Ethereum Tether Alipay Pacific Union Pacific Union (2015) Leverage: up to 1:500 Deposit: from 20 USD Spreads:  low  low Location: Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Bitcoin Tether Alipay Capitalcore Capitalcore (2019) Leverage: up to 1:1000 Deposit: from 1 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Indices Metals Energies Platforms: Web Specific PayPal Perfect Money Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Tether Opoforex Opoforex (2021) Leverage: up to 1:1000 Deposit: from 100 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: MetaTrader 4 Perfect Money AdvCash Bitcoin Ethereum Amega Amega (2017) Leverage: up to 1:1000 Deposit: from 1 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Perfect Money Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Ripple Tether EcoPayz AstroPay InvestAZ InvestAZ (2000) Leverage: up to 1:100 Deposit: from 1000 USD Spreads:  mid  mid Location: New Zealand Instruments: Currencies Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards FxSway FxSway (2021) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Credit Cards Bitcoin BluwaveFX BluwaveFX (2021) Leverage: up to 1:500 Deposit: from 10 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: Web MetaTrader 4 Credit Cards Bitcoin DeltaFX DeltaFX (2009) Leverage: up to 1:1000 Deposit: from 1 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Stocks Platforms: MetaTrader 4 Wire Transfer Bitcoin Tether JustForex JustForex (2012) Leverage: up to 1:3000 Deposit: from 1 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Skrill Neteller FasaPay Perfect Money Qiwi BitWallet SticPay
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"Off the shore" forex brokers

It is somewhat coincidental that the offshore forex brokers featured in our list are literally speaking, off the shore in many island nations. You will therefore find many of them in the Caribbean Island nations of the Pacific, location-wise.

However, the context of this article will look at the forex brokerages that are categorized as “offshore forex brokers” from a regulatory point of view. While offshore brokers are generally recognized as forex brokers that are outside the common regulatory jurisdictions of the US, UK, Australia, Cyprus and other parts of Europe, they actually belong within a classification of forex jurisdictions, which sees regulatory coverage of the forex market divided into five levels (Levels A to E).

We have discussed the countries whose regulators and forex brokerages fall into Levels A, B and C in the section marked “regulated forex brokers”. The regulatory divisions that constitute Levels D and E are where you will find the offshore forex brokers.

Infographics: 2 main categories of offshore Forex brokers

1) Level D Forex Jurisdictions

Level D forex jurisdictions have a regulatory structure in place for the offshore forex brokers that operate in these areas. This regulatory structure is quite permissive and for this reason, the general regulatory community worldwide regards these jurisdictions as being the most lax regulatory environments in the world. Lax or not, offshore forex brokers in the Level D jurisdictions will need to have a license to operate, as well as a bank account to be able to receive and pay out funds to their clients. Vanuatu and the British Virgin Islands are the two countries that make up the Level D forex areas, with Vanuatu being the more popular location.

Typically, cost of license acquisition, incorporation and bank account opening for offshore brokers in Vanuatu are quite low, when compared with similar requirements for Levels A, B and C jurisdictions. Taxes are also low or absent in these areas. Furthermore, the process of obtaining a license as a forex brokerage is a lot faster. The relatively low barrier for entry into the forex brokerage business in these locations is what makes them very attractive to investors who want to open forex brokerages but lack the hefty bankroll that would have been required if the processes were to be done elsewhere. The entire costs incurred in the licensing process, including the capital requirements, are usually less than $200,000.

The forex market regulators in Vanuatu and the BVI are the Vanuatu Financial Services Commission (VFSC) and the BVI Financial Services Commission (BVI FSC) respectively. A look at our list will show that the following offshore forex brokerages operate either in Vanuatu or the British Virgin Islands: Circle Markets, LeoPrime, Accent Forex, Forex4you, NordFX, N1CM.

2) Level E Forex Jurisdictions

Jurisdictions categorized as Level E are St-Kitts and Nevis, St.Vincent and Grenadines, Seychelles, Belize and Marshall Islands. Some also add the Eastern European countries of Estonia and Latvia to the mix. Forex licensing is not required, which brings the cost of setting up an offshore brokerage in these locations down to very low levels. Indeed, with only a few thousand dollars, a forex brokerage can be setup and it takes only a week to complete the process. However, there is a downside. Most banks will not offer offshore forex brokerages in these locations access to banking services without a forex license. This not only restricts the funding options for traders in terms of access to card and bank payment methods, but it also poses a problem in terms of security of the trader’s funds and businesses, since there is no regulator to report to.

Some offshore forex brokerages have opted to adopt cryptocurrencies as a preferred method of depositing and withdrawing from their accounts. This completely bypasses the fiat payment systems, and puts the offshore forex brokerage out to the trading public more as an exchange than as a forex brokerage.

Hallmarks of Offshore Forex Brokerage Business

Despite the unregulated nature of Level 5 jurisdictions, offshore forex brokers in these areas are still seeing good patronage from across the world. Their cause has been helped by the imposition of leverage caps on forex trading in the EU, UK and of course the US. The trader demographics of the forex market shows that many unsophisticated investors still trade with as low hundreds of dollars in total capital. With many of these traders now unable to afford the steep margin requirements in the UK, EU and US, they have simply migrated to many offshore brokers operating in Level D and Level E jurisdictions, where they will typically get very low account opening requirements ($1 in some cases), and access to high leverage which enables their few trading dollars go a long way.

It must also be mentioned that the advent of cryptocurrencies has helped the cause of offshore forex brokers. Not only have these exotic assets excited the retail trading segment of the market to the point where regulation of exchanges that offer cryptos is no longer seen as a barrier for entry, but the existence of several unregulated but very strong and robust exchanges like Binance and Huobi seem to have spoken a message to retail traders: regulation of a brokerage may not really matter if the expectations of traders are being met. Let’s face it. Binance and several other crypto exchanges which are still standing and delivering value to their clients are unregulated, yet customers have never complained of being shortchanged or not receiving their profits when they are withdrawn. This seems to have given many retail traders confidence to place their money with offshore forex brokers who are generally regarded as being weak on regulation. Some of the brokers showcased on our list have also gone ahead to show by their business conduct that they can be relied on to deliver transparency and a sound trading experience, whether they are regulated or not.

The list on this page features several offshore forex brokers that are located across the Level D and Level E jurisdictions. One factor that they all have in common is that they tend to offer to their clients, what they cannot get elsewhere. For instance, the high leverages that they provide are virtually non-existent in the EU and UK. So if you are excited by some of these offerings and can take the risk of doing business with brokers that are softer on regulation, feel free to make a selection from the list above.

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