5 Best Offshore Forex Brokers that accept US Traders

Edited by: Marlie Rosset

Best Offshore Forex Brokers that Accept US Traders Main

 

We have listed the 5 Best Offshore Forex Brokers that accept US traders, offering access to global currency markets, indices, and CFDs. These brokers feature competitive spreads, flexible leverage, trusted oversight, and stable platforms, allowing both new and experienced traders to trade internationally with greater confidence and overall efficiency.

 

5 Best Offshore Forex Brokers that Accept US Traders

 

  1. Plus500 – Overall, the Best Offshore Forex Broker that accepts US Traders
  2. IGCFTC and NFA Regulated Forex Broker
  3. Interactive Brokers – Impressive Proprietary Offering
  4. OANDA – Responsive Mobile Trading Experience
  5. eToro – The Best Forex Broker for Beginners in the USA

 

Top 10 Forex Brokers (Globally)

 

 

1. Plus500

Plus500 is a globally recognized and regulated Forex and CFD Broker that accepts US Traders without restriction. Moreover, the Broker is registered as an FCM with the US Commodity Futures Trading Commission (CFTC).

Trading instruments and Products include CFDs on forex, indices, cryptocurrencies, commodities, options, and ETFs.

 

★★★★
Minimum Deposit: $100
Regulated by: FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC
Crypto: Yes
* 80% of retail CFD accounts lose money.

 

* Note: CFDs are not available for US traders.

** Note: Plus500 only offers Futures trading in the United States. All promotions, features, and product availability related to Plus500Futures apply exclusively to the US site and app and are separate from Plus500 CFD and Plus500Invest offerings.

 

BrokerPlus500
Regulation🇬🇧 FCA
🇨🇾 CySEC
🇦🇺 ASIC
🇳🇿 FMA
🇿🇦 FSCA
🇸🇬 MAS
🇮🇱 ISA
🇦🇪 DFSA
🇪🇪 EFSA
🇦🇪 SCA
🇨🇦 IIROC/CIRO
🇯🇵 JFSA
Minimum Deposit100 USD
Spreads From0.6 pips
CommissionsNone
Swap FeesYes
LeverageUp to 1:30
Trading PlatformsPlus500 proprietary
WebTrader
Mobile apps
CFDs Total2800+ instruments
Account SegregationYes
Negative Balance ProtectionYes
Investor Protection SchemesYes
Broker ReviewRead Review
Trade NowOpen Account

 

Plus500 Overview

 

Frequently Asked Questions

 

Does Plus500 accept US traders?

Yes, Plus500 does accept US traders, but with a very important distinction: you cannot trade “Spot Forex” or CFDs like their international clients.

 

What trading platforms does Plus500 offer?

Plus500 uses its own proprietary trading platform, available via web browser, desktop, and mobile apps. The platform is designed to be user-friendly and includes real-time quotes, risk management tools, and advanced charting features.

 

★★★★
Minimum Deposit: $100
Regulated by: FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC
Crypto: Yes
* 80% of retail CFD accounts lose money.

 

* Note: CFDs are not available for US traders.

** Note: Plus500 only offers Futures trading in the United States. All promotions, features, and product availability related to Plus500Futures apply exclusively to the US site and app and are separate from Plus500 CFD and Plus500Invest offerings.

 

Pros and Cons

 

✓ Pros✕ Cons
User-friendly platformNo MetaTrader support
Wide range of marketsLimited educational
resources
Competitive spreadsRestricted in key markets
Robust risk
management tools
Order execution could lag
Multiple regulated
entities
Fees on some activities

 

Final Score

 

#CriteriaScore
1Overall Rating and Trust Score⭐⭐⭐⭐☆
2Range of Investments, Platforms and Tools⭐⭐⭐⭐☆
3Commissions, Fees, and Bonus Offers⭐⭐⭐⭐☆
4Research and Education⭐⭐☆☆☆
5Mobile Trading and User Experience⭐⭐⭐⭐☆
6Customer Support and Regulatory Compliance⭐⭐⭐⭐☆
7Deposit and Withdrawal Option⭐⭐⭐⭐☆
8Execution Speed and Order Types⭐⭐⭐☆☆
9Risk Management and Safety Measures⭐⭐⭐⭐☆
10Markets Analysis and Trading Tools⭐⭐☆☆☆

 

Our Insights

Plus500 is a well-regulated broker with an easy-to-use platform and broad market access. While it lacks MetaTrader and has regional restrictions, it remains a solid choice for traders seeking simplicity and strong risk management tools.

 

2. IG

 

★★★
Minimum Deposit: $250
Regulated by: FCA, ASIC, CFTC, NFA, BaFin
Crypto: Yes

 

IG is a trusted and well-established Forex and CFD services provider with regulations including the CFTC and NFA. In addition, it is governed by the FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, and the BMA.

Trading instruments and Products include Forex, Indices, Share CFDs, Commodities, Cryptocurrencies, Futures, Options, Bonds, ETFs, Digital 100s, and Interest rates.

 

BrokerIG
Regulation🇬🇧 FCA
🇩🇪 BaFin
🇨🇭 FINMA
🇺🇸 CFTC/NFA
🇦🇺 ASIC
🇳🇿 FMA
🇸🇬 MAS
🇯🇵 FSA
🇿🇦 FSCA
🇦🇪 DFSA
Minimum Deposit250 USD
Spreads From0.6 pips
CommissionsNone
Swap FeesYes
LeverageUp to 1:30
Trading PlatformsWeb platform
Mobile apps
MetaTrader 4 (MT4)
ProRealTime
Advanced L2 Dealer
CFDs Total17,000+
Account SegregationYes
Negative Balance ProtectionYes
Investor Protection SchemesYes
Broker ReviewRead Review
Trade NowOpen Account

 

IG Overview

 

Frequently Asked Questions

 

Is IG a legit broker?

Yes, IG is a legit and well-established broker, regulated by top-tier authorities such as the FCA (UK), ASIC (Australia), and others, offering a high level of trust and transparency.

 

What markets can I trade with IG?

IG provides access to forex, indices, shares, commodities, cryptocurrencies, ETFs, and options, allowing traders to diversify across global financial markets.

 

★★★
Minimum Deposit: $250
Regulated by: FCA, ASIC, CFTC, NFA, BaFin
Crypto: Yes

 

Pros and Cons

 

✓ Pros✕ Cons
Highly regulated and
globally trusted broker
Higher minimum trade
sizes on some
instruments
Wide range of tradable
instruments
Limited account
options for smaller
traders
Competitive spreads
on major markets
Inactivity fees may apply
Supports MT4 and
advanced charting
platforms
Platform features can
feel complex for
beginners
Strong educational
resources and market
analysis
Not all products
available in every
region

 

Final Score

 

#CriteriaScore
1Overall Rating and Trust Score⭐⭐⭐⭐⭐
2Range of Investments, Platforms and Tools⭐⭐⭐⭐⭐
3Commissions, Fees, and Bonus Offers⭐⭐⭐⭐☆
4Research and Education⭐⭐⭐⭐⭐
5Mobile Trading and User Experience⭐⭐⭐⭐⭐
6Customer Support and Regulatory Compliance⭐⭐⭐⭐⭐
7Deposit and Withdrawal Option⭐⭐⭐⭐☆
8Execution Speed and Order Types⭐⭐⭐⭐☆
9Risk Management and Safety Measures⭐⭐⭐⭐⭐
10Markets Analysis and Trading Tools⭐⭐⭐⭐⭐

 

Our Insights

IG is a legit, globally regulated broker offering extensive market access, professional platforms, and strong educational support. While some costs may be higher, it remains a trusted choice for serious and long-term traders.

 

3. Interactive Brokers

 

★★★★
Minimum Deposit: $0
Regulated by: SEC, FINRA, FCA, ASIC
Crypto: No

 

Interactive Brokers is a trusted and highly regulated Forex and Financial Services provider. In addition, licenses and regulations in the United States include the CFTC and NFA. Moreover, IB accepts U.S. clients without restriction.

Trading instruments and Products include Forex, Stocks, ETFs, Options, Futures, Indices, Mutual funds, Cryptocurrencies, Metals, and Bonds.

 

BrokerInteractive Brokers
Regulation🇺🇸 SEC/FINRA
🇬🇧 FCA
🇮🇪 CBI
🇭🇺 HNB
🇮🇳 SEBI
🇦🇺 ASIC
🇨🇦 IIROC/CIRO
🇯🇵 FSA
🇭🇰 SFC
🇸🇬 MAS
Minimum Deposit0 USD
Spreads From0.1 pips
CommissionsYes
Swap FeesYes
LeverageUp to 30:1
Trading PlatformsTrader Workstation
(TWS)
Client Portal
IBKR Mobile
CFDs Total8500+
Account SegregationYes
Negative Balance ProtectionYes
Investor Protection SchemesYes
Broker ReviewRead Review
Trade NowOpen Account

 

Interactive Brokers Overview

 

Frequently Asked Questions

 

Is Interactive Brokers suitable for beginners?

While Interactive Brokers provides powerful tools and competitive pricing, its platforms are more complex, making it better suited to experienced traders rather than complete beginners.

 

What markets can I trade with Interactive Brokers?

Interactive Brokers offers access to global stocks, forex, options, futures, bonds, ETFs, and CFDs, making it suitable for diversified and international trading strategies.

 

★★★★
Minimum Deposit: $0
Regulated by: SEC, FINRA, FCA, ASIC
Crypto: No

 

Pros and Cons

 

✓ Pros✕ Cons
Legal and highly
regulated worldwide
Platforms can be
complex for beginners
Access to a wide range
of global markets
Steeper learning curve
compared to simpler
brokers
Very competitive
commissions and forex
spreads
Limited beginner
focused education
Advanced professional
trading platforms
Customer support can
feel technical
Strong risk
management and
execution quality
Some tools require
higher trading
knowledge

 

Final Score

 

#CriteriaScore
1Overall Rating and Trust Score⭐⭐⭐⭐⭐
2Range of Investments, Platforms and Tools⭐⭐⭐⭐⭐
3Commissions, Fees, and Bonus Offers⭐⭐⭐⭐☆
4Research and Education⭐⭐⭐⭐⭐
5Mobile Trading and User Experience⭐⭐⭐⭐☆
6Customer Support and Regulatory Compliance⭐⭐⭐⭐⭐
7Deposit and Withdrawal Option⭐⭐⭐⭐⭐
8Execution Speed and Order Types⭐⭐⭐⭐⭐
9Risk Management and Safety Measures⭐⭐⭐⭐⭐
10Markets Analysis and Trading Tools⭐⭐⭐⭐⭐

 

Our Insights

Interactive Brokers is a legal, globally trusted broker offering advanced platforms, low trading costs, and broad market access. While not beginner-friendly, it remains an excellent choice for professional and high-volume traders.

 

Top 3 Offshore Forex Brokers that Accept US Traders – Plus500 vs IG vs Interactive Brokers

 

FeaturePlus500 SmallIG SmallInteractive Brokers Small
Accepts US Traders (Forex/CFDs)YesYesYes
Regulation🇬🇧 FCA
🇨🇾 CySEC
🇦🇺 ASIC
🇳🇿 FMA
🇿🇦 FSCA
🇸🇬 MAS
🇮🇱 ISA
🇦🇪 DFSA
🇪🇪 EFSA
🇦🇪 SCA
🇨🇦 IIROC/CIRO
🇯🇵 JFSA
🇬🇧 FCA
🇩🇪 BaFin
🇨🇭 FINMA
🇺🇸 CFTC/NFA
🇦🇺 ASIC
🇳🇿 FMA
🇸🇬 MAS
🇯🇵 FSA
🇿🇦 FSCA
🇦🇪 DFSA
🇺🇸 SEC/FINRA
🇬🇧 FCA
🇮🇪 CBI
🇭🇺 HNB
🇮🇳 SEBI
🇦🇺 ASIC
🇨🇦 IIROC/CIRO
🇯🇵 FSA
🇭🇰 SFC
🇸🇬 MAS
Markets OfferedCFDs, futures (US only)Forex, CFDs, stocks,
options, crypto
Stocks, forex, options,
futures, bonds, ETFs
Platform AvailabilityPlus500 proprietary
WebTrader
Mobile apps
Web platform
Mobile apps
MetaTrader 4 (MT4)
ProRealTime
Advanced L2 Dealer
Trader Workstation
(TWS)
Client Portal
IBKR Mobile
Beginner FriendlyYesModerateModerate/Advanced
Competitive Spreads / FeesYesYesYes
MetaTrader SupportNoneYesNone
Educational ResourcesLimitedStrongModerate
Risk Management ToolsYesYesYes
Best ForSimple CFD tradingBroad market access +
tools
Professional & global
traders
Trade NowOpen AccountOpen AccountOpen Account

 

Top 3 Forex Brokers

 

4. OANDA

 

★★★★
Minimum Deposit: $0
Regulated by: NFA, CFTC
Crypto: Via Paxos

 

OANDA is a trusted tier-1 regulated global services provider. US Regulatory authorities include the CFTC and NFA.

Trading instruments and Products include Forex, Indices, Commodities, Metals, Shares, Energies, and Cryptocurrencies.

 

BrokerOANDA
Regulation🇬🇧 FCA
🇦🇺 ASIC
🇺🇸 NFA/CFTC
🇨🇦 IIROC/CIRO
🇸🇬 MAS
🇯🇵 FFAJ
🇻🇬 BVI FSC
🇲🇹 MFSA
🇵🇱 KNF
Minimum Deposit0 USD
Spreads From0.0 pips
CommissionsYes
Swap FeesYes
LeverageUp to 1:50
Trading PlatformsOANDA Trade
MetaTrader 4 (MT4)
TradingView
CFDs Total100+
Account SegregationYes
Negative Balance ProtectionYes
Investor Protection SchemesYes
Broker ReviewRead Review
Open Account

 

OANDA Overview

 

Frequently Asked Questions

 

Is OANDA an approved broker?

Yes, OANDA is a widely approved and regulated broker, overseen by top authorities such as the CFTC, NFA (US), FCA (UK), and other leading regulators worldwide.

 

Does OANDA offer demo accounts?

Yes, OANDA provides free demo accounts, allowing traders to practice strategies and learn the platform without risking real money.

 

★★★★
Minimum Deposit: $0
Regulated by: NFA, CFTC
Crypto: Via Paxos

 

Pros and Cons

 

✓ Pros✕ Cons
Approved and
regulated by top-tier
authorities
Limited product range
compared to some
rivals
Strong reputation for
transparency and trust
Fees can be higher on
smaller accounts
Competitive forex
spreads and pricing
CFD availability
depends on region
User-friendly trading
platforms and tools
Learning resources are
solid but not extensive
Excellent execution
and reliable risk
management
Desktop platform is
less advanced than
some competitors

 

Final Score

 

#CriteriaScore
1Overall Rating and Trust Score⭐⭐⭐⭐☆
2Range of Investments, Platforms and Tools⭐⭐⭐☆☆
3Commissions, Fees, and Bonus Offers⭐⭐⭐☆☆
4Research and Education⭐⭐⭐⭐☆
5Mobile Trading and User Experience⭐⭐⭐⭐☆
6Customer Support and Regulatory Compliance⭐⭐⭐⭐⭐
7Deposit and Withdrawal Option⭐⭐⭐⭐☆
8Execution Speed and Order Types⭐⭐⭐⭐☆
9Risk Management and Safety Measures⭐⭐⭐⭐⭐
10Markets Analysis and Trading Tools⭐⭐⭐⭐☆

 

Our Insights

OANDA is an approved, trusted forex broker with competitive pricing, easy-to-use platforms, and strong regulation. While its product range is narrower than some competitors, it remains an excellent choice for forex-focused traders.

 

5. eToro

 

★★★★
Minimum Deposit: $200
Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN
Crypto: Yes

 

eToro is a popular Forex Brokerage that accepts US clients under the governance of the NFA. Additional licenses and regulations include CySEC, FCA, ASIC, FSA, and FINRA.

Trading instruments and Products include Forex, Stocks, Crypto CFDs, Indices, Commodities, and ETFs.

 

BrokereToro
Regulation🇬🇧 FCA
🇨🇾 CySEC
🇦🇺 ASIC
🇸🇨 FSAS
🇺🇸 SEC/FINRA
🇦🇪 ADGM FSRA
Minimum Deposit50 USD
Spreads From1 pip
CommissionsNone
Swap FeesYes
LeverageUp to 1:400
Trading PlatformsWebTrader
eToro mobile app
CopyTrader
CFDs Total7,000+
Account SegregationYes
Negative Balance ProtectionYes
Investor Protection SchemeYes
Broker ReviewRead Review
Trade NowOpen Account

 

eToro Overview

 

Frequently Asked Questions

 

Can US traders use eToro?

Yes. eToro does accept US traders, but access may be limited to certain products (for example, CFDs are not available in the US).

 

Is eToro an authorized broker?

Yes, eToro is an authorized and regulated broker in multiple regions, including oversight from the FCA (UK), CySEC (EU), and ASIC (Australia).

 

★★★★
Minimum Deposit: $200
Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN
Crypto: Yes

 

Pros and Cons

 

✓ Pros✕ Cons
Authorized and
regulated in several
major jurisdictions
Limited advanced
trading tools
Unique social trading
and copy trading
features
CFDs aren’t available
to US clients
User-friendly platform
ideal for beginners
Spread costs can be
wider than some
competitors
Wide range of assets
including crypto and
stocks
Withdrawal and
inactivity fees apply
No commissions on
many stock trades
Limited charting and
technical analysis
features

 

Final Score

 

#CriteriaScore
1Overall Rating and Trust Score⭐⭐⭐⭐☆
2Range of Investments, Platforms and Tools⭐⭐⭐⭐☆
3Commissions, Fees, and Bonus Offers⭐⭐⭐☆☆
4Research and Education⭐⭐⭐⭐☆
5Mobile Trading and User Experience⭐⭐⭐⭐⭐
6Customer Support and Regulatory Compliance⭐⭐⭐⭐☆
7Deposit and Withdrawal Option⭐⭐⭐☆☆
8Execution Speed and Order Types⭐⭐⭐☆☆
9Risk Management and Safety Measures⭐⭐⭐⭐☆
10Markets Analysis and Trading Tools⭐⭐⭐☆☆

 

Our Insights

eToro is an authorized, beginner-friendly broker with standout social and copy trading features and broad asset access. While it lacks advanced tools and has higher spreads, it’s a strong choice for casual and social investors.

 

What is an Offshore Forex Broker?

An offshore forex broker is a foreign-based brokerage firm that provides access to the forex market (and sometimes CFDs or other financial instruments) but is located outside the trader’s home country. These brokers are usually registered in jurisdictions with less stringent regulatory requirements than major markets like the US, UK, or EU.

 

Key points about offshore forex brokers:

 

  • Regulation: They are regulated in their own country, which may have lighter oversight compared to top-tier regulators. Some are reputable, while others carry a higher risk.
  • Access for US Traders: Some offshore brokers accept US clients, often offering higher leverage or more flexible trading conditions, but US residents must be careful to trade only with brokers compliant with legal US rules.
  • Advantages: Often provide higher leverage, a wide range of instruments, and more flexible account types.
  • Risks: Potential for less investor protection, limited legal recourse in disputes, and higher risk if the broker is not well-regulated.

 

An offshore forex broker lets traders access international markets from outside their home country, often with more flexible terms, but it’s important to carefully check legality, regulation, and reliability.

 

Criteria for Choosing an Offshore Forex Broker that accepts US Traders

 

CriteriaDescriptionImportance
Regulation & LicensingEnsure the broker is
legally authorized in its
jurisdiction and
complies with global
standards to protect
your funds.
⭐⭐⭐⭐⭐
US Trader AcceptanceConfirm the broker
explicitly accepts US
clients for forex
trading or specific
instruments.
⭐⭐⭐⭐⭐
Trading PlatformsLook for reliable, user
friendly platforms (e.g.,
MT4/MT5, proprietary)
with advanced
charting and tools.
⭐⭐⭐⭐☆
Spreads & FeesEvaluate trading costs,
including spreads,
commissions, and
overnight fees, which
affect profitability.
⭐⭐⭐⭐☆
Deposit & Withdrawal
Options
Flexible, secure
funding methods with
fast processing times
are essential for
convenient trading.
⭐⭐⭐⭐☆
Customer SupportResponsive support,
preferably 24/7, to
resolve issues quickly
and efficiently.
⭐⭐⭐⭐☆
Risk Management ToolsFeatures like stop-loss,
negative balance
protection, and margin
alerts help minimize
losses.
⭐⭐⭐⭐⭐
Market AccessAvailability of a wide
range of assets,
including forex pairs,
commodities, indices,
and cryptocurrencies.
⭐⭐⭐⭐☆
Reputation & ReviewsPositive user feedback
and a transparent
track record indicate
reliability and
trustworthiness.
⭐⭐⭐⭐☆
Educational ResourcesGuides, tutorials, and
demo accounts help
traders improve skills
and strategies.
⭐⭐⭐☆☆

 

Offshore Forex Brokers that accept US Traders

 

Top 5 Offshore Forex Brokers that Accept US Traders – A Direct Comparison

 

Plus500 SmallIntuitive Design
Highly-Rated Mobile App
Unlimited Free Demo
Account
Open AccountRead Review
IG SmallAward-Winning Platforms
Guaranteed Stops
High-Quality Research
& Education
Open AccountRead Review
Interactive Brokers SmallAdvanced Trading
Platforms
Low Cost & High Interest
Advanced Security
Open AccountRead Review
Oanda SmallProprietary Platform
(fxTrade)
Zero Commission
Accounts
Specialized FX Data
Open AccountRead Review
eToro SmallSocial Trading and
CopyTrader™
No Management Fees
eToro Money Wallet
Open AccountRead Review

 

What Real Traders Want to Know!

 

Q: Can US residents legally trade with offshore forex brokers? – Michael J.

A: Yes, US residents can trade with certain offshore brokers, but it’s important to ensure the broker complies with US regulations for specific products like futures or approved forex instruments. Not all offshore brokers accept US clients.

 

Q: What should I check before opening an account with an offshore broker as a US trader? – Sara L.

A: Make sure the broker accepts US clients, is regulated in its home country, provides secure deposit methods, and offers transparent trading conditions with clear fees and spreads.

 

Q: Are there any risks when using offshore forex brokers as a US trader? – David M.

A: Yes, risks include limited legal protection, potential regulatory issues, and the possibility of broker insolvency. Always choose well-regulated offshore brokers with a strong reputation and verified client reviews.

 

Pros and Cons

 

✓ Pros✕ Cons
Access to Global MarketsLimited Legal Protection
Higher LeverageRegulatory Risks
Flexible Account TypesDeposit & Withdrawal
Risks
Innovative Platforms &
Tools
Potential
Tax/Compliance Issues
Potentially Lower FeesReputation Variability

 

Pros and Cons of offshore forex brokers that accept us traders

 

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In Conclusion

Offshore forex brokers that accept US traders offer global market access, higher leverage, and flexible accounts. However, regulatory and legal risks exist, so careful research is essential to trade safely and maximize opportunities.

Faq

Yes, some offshore brokers legally accept US clients, but only for specific instruments like futures or approved trading products. Always check compliance before opening an account.

Brokers usually state this clearly on their website. Look for a US-specific section or contact customer support to confirm eligibility.

Benefits include access to global markets, higher leverage, flexible account types, competitive spreads, and advanced trading tools.

Yes, many offshore brokers offer MetaTrader 4/5 or proprietary platforms with charts, indicators, and automated trading.

Most brokers offer wire transfers, e-wallets, or cryptocurrencies. Processing times and fees vary, so confirm before funding your account.

Yes, most reputable offshore brokers offer free demo accounts to practice trading without risking real money.

Look for strong regulation, clear fees, positive reviews, reliable customer support, and secure deposit methods. Avoid unverified or suspicious brokers.

Yes, offshore brokers often provide higher leverage, but higher leverage increases both potential gains and potential losses, so use it carefully.

Yes, US traders must report all earnings from offshore brokers to the IRS. Always keep records and consult a tax professional to remain compliant.

Yes, but leverage magnifies both profits and losses. Always use risk management tools like stop-loss orders and never risk more than you can afford to lose.

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