⚡Easily Trade - Google, Amazon or Microsoft Stocks - Open Free Account

      

10 Best Offshore International Forex Brokers

Last Update: May 23rd, 2024

Best Offshore International Brokers

 

The 10 Best Offshore International Forex Brokers revealed. Traders often want to explore alternatives to heavily regulated brokers due to their range of account types, higher leverage ratios, bonuses, and other factors. However, this is dangerous as many fraudulent brokers could steal traders’ capital. Therefore, we have thoroughly explored several offshore international forex brokers on our list to identify the best 10.

 

In this in-depth guide, you’ll learn:

  • What Are Offshore International Brokers?
  • How Do They Differ from Other Brokers?
  • Who Are the Top Overseas International Forex Brokers?
  • Why Is It Important to Choose the Right Offshore Forex Broker?
  • Conclusion on phenomenal Offshore  International Forex Brokers.
  • FAQs on 10 Best Offshore International Forex Brokers.

 

And lots more…

So, if you’re ready to go “all in” with The 10 Best Offshore International Forex Brokers…

Let’s dive right in…

 

🏆 10 Best Forex Brokers

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewCySEC, MISA, FSCAUSD 5Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

The 10 Best Offshore International Forex Brokers (2024*)

  1. ☑️ Exness  – well-established, in the industry since 2008.
  2. ☑️ HFM  the widest selection of trading assets.
  3. ☑️ AvaTrade  offices located across 5 continents.
  4. ☑️ IC Markets  funding options in 10 different base currencies.
  5. ☑️ Tickmill   largest international financial services company.
  6. ☑️ XM –  access to direct educational content.
  7. ☑️ Pepperstone – Australia-based, a low-cost forex broker.
  8. ☑️ Octa –  trustworthy and highly regulated Forex Broker.
  9. ☑️ FBSmore than 150 countries of presence.
  10. ☑️ Axiory Celebrating 10 years of putting traders first.

 

What Are Offshore International Brokers, and How Do They Differ from Other Brokers?

Offshore international brokers are firms that do not have stringent regulatory frameworks like brokers regulated in the United States or Europe. These brokers cater to traders and investors who want more flexibility regarding trading conditions, especially higher leverage ratios.

Unlike brokers in Europe and the United States, offshore brokers are typically based in regions with lenient financial regulations. This ensures these brokers can offer higher leverage, lower tax burdens, and even anonymity.

This allows offshore brokers to create unique trading environments that attract more traders from around the world, especially those who are limited by heavily regulated brokers. However, while this is an attractive option for traders, several risks are involved with using offshore brokers.

Furthermore, these brokers often face heavy scrutiny regarding their credibility, how they safeguard client funds, and other factors.

 

Who Are the 10 Best Offshore International Forex Brokers?

👥Brokers👉 Open Account📈 Starting spread💵 Minimum Commission per Trade💰 Minimum Deposit
Exness👉 Open Account0.0 pips EUR/USDFrom $0.1 per side, per lotDepends on payment system
HFM👉 Open Account0.0 pipsFrom $6 per round turn on Forex0 USD
AvaTrade👉 Open Account0.9 pips EUR/USDNone; only the spread is charged100 USD
IC Markets👉 Open AccountFrom 0.0 pipsFrom $3 to $3.5200 USD
Tickmill👉 Open AccountFrom 0.0 pips$1 per side, per standard lot traded100 USD
XM👉 Open AccountFrom 0.7 pipsFrom $1 per share5 USD
Pepperstone👉 Open AccountVariable, from 0.0 pips EUR/USDFrom AU$7200 AUD
Octa👉 Open AccountFrom 0.6 pipsNone25 USD
FBS👉Open Account0.7 pipsNone5 USD
Axiory👉 Open Account0.13 pips$0.0410 USD

 

Exness

Exness has several global regulations globally and has offshore entities in Seychelles and the British Virgin Islands. Ths allows Exness to offer traders higher leverage options and flexible minimum deposits.

Exness - The 10 Best Offshore International Forex Brokers

Exness can easily navigate international trading with agility based on its presence in these regions, offering traders flexibility while ensuring they still have a safe trading environment.

 

Unique Features

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationCySEC, FSCA, FCA, FSC Mauritius
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
💻 Account TypesMicro Account, Advantage Account, Advantage Plus Account
📊 Trading PlatformsMetaTrader 4
IG Platform
ProRealTime (PRT)
L2 Dealer
FIX API
📉 Trading AssetsForex
Indices
Shares
Commodities
Cryptocurrencies
Futures
Options
💻 Trading AccountsIG Trading Account
Limited Risk Account
Islamic Account (Dubai traders only)
Demo Account
💰 Minimum DepositDepends on the payment system
⬇️ Minimum Trade Size0.01 lots
⬆️ Maximum Trade SizeUnlimited
📉 Maximum LeverageUnlimited
📈 Starting spread0.0 pips EUR/USD
💵 Minimum Commission per TradeFrom $0.1 per side, per lot
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?❌ No
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes (Dubai customers only)
👉 Open Account👉 Open Account

 

Global Regulations

#️⃣ Registered Entity🗾 Country of Registration✏️ Registration Number⚖️ Regulatory Entity✔️Tier👉 License Number/Ref
Nymstar LimitedSeychelles8423606-1FSA4SD025
Exness B.V.Saint Maarten148698(0)CBCS40003LSI
Exness VG LimitedBritish Virgin Islands2032226FSC BVI4SIBA/L/20/1133
Tortelo LimitedMauritius176967FSC4GB20025294
Vlerizo (Pty) LtdSouth Africa51024FSCA2FSP51024
Exness (CY) LtdCyprusHE 293057CySEC1177/12
Exness (UK) LtdUnited Kingdom0886148FCA1FSR730729
Tadenex LimitedKenya-CMA2162

 

Protection of Client Funds

👮 Security Measure👁️‍🗨️ Information
Segregated AccountsYes
Compensation Fund MemberYes, Financial Commission
Compensation Amount€20,000 per client
SSL CertificateYes
2FA (Where Applicable)Yes, Exness App
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersYes, above 1.2 pips

 

Pros and Cons

✔️Pros❌Cons
Exness operates offshore but has several regulations that prove its reliabilityPerformance-Based Income: Your earnings depend entirely on client activity. If you don't attract a steady stream of referrals who trade actively, your income may be inconsistent.
Traders can expect several risk management toolsLimited Transparency: Exness doesn't readily disclose information on conversion rates or the size of their existing affiliate base, making it difficult to gauge the program's overall effectiveness.
Traders can expect a transparent fee scheduleMinimum Requirements: There might be minimum traffic or activity requirements to participate in the program, which could be a hurdle for new affiliates.
Exness offers unlimited leverage depending on the trader's account balanceRegulatory Considerations: Forex and CFD trading are heavily regulated in many regions. You'll need to ensure your marketing practices comply with relevant regulations and target the appropriate audience.
Marketing and Support: Exness provides a range of marketing materials and creatives to help you promote their services. Additionally, you'll have access to a dedicated affiliate support team for any questions or assistance you may need.Complex Products: Forex and CFDs are complex financial instruments. You'll need a good understanding of these products to responsibly promote them and avoid attracting unsuitable clients.
The broker offers infinite leverage for certain account types, providing a distinct advantage for experienced traders who understand the dangers and rewards of high-leverageGSLO is only offered above 1.2 pips
Exness is well-known for its immediate withdrawal services, which provide traders with quick and efficient access to their assetsExness offers limited trading instruments
The platform covers a diverse set of trading instruments, including Forex pairings, commodities, cryptocurrencies, energy, and indicesNot all traders are eligible for investor protection

 

HFM

HFM is well-regulated in several regions and is in offshore regions like Seychelles (SD015). While offshore brokers are often scrutinized, HFM has a strong reputation as a trusted forex broker.

HFM Forex offshore Brokers

HFM offers leverage of up to 1:2000 and does not require an immediate deposit upon account verification. Furthermore, traders can access over 500 financial instruments across different markets.

 

Unique Features

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
📲 Social Media PlatformsFacebook
Twitter
Telegram
Instagram
YouTube
LinkedIn
💻 Account TypesMicro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account
📊 Trading PlatformsMetaTrader 4 and MetaTrader 5
📉 Trading AssetsForex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs
💰 Minimum Deposit0 USD
⬇️ Minimum Trade Size0.01 lots
⬆️ Maximum Trade Size60 lots
📉 Maximum Leverage1:2000
📈 Starting spread0.0 pips
💵 Minimum Commission per TradeFrom $6 per round turn on Forex
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️ Yes
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Global Regulations

#️⃣ Registered Entity🗾 Country of Registration✏️ Registration Number⚖️ Regulatory Entity✔️Tier👉 License Number/Ref
HF Markets SA (PTY) LtdSouth Africa2015/341406/07FSCA2FSP 46632
HF Markets (Europe) LtdCyprusHE 277582CySEC1183/12
HF Markets (Seychelles) LtdSeychelles8419176-1FSA4SD015
HF Markets LtdMauritius094286/GBLFSC4094286/GBL
HF Markets (DICF) LtdDubai-DFSA2F004885
HF Markets (UK) LtdUnited Kingdom11118651FCA1801701
HFM Investments LimitedKenya-CMA2155

 

Protection of Client Funds

👮 Security Measure👁️‍🗨️ Information
Segregated AccountsYes
Compensation Fund MemberYes
Compensation Amount5 million EUR
SSL CertificateYes
2FA (Where Applicable)Yes
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersNo

 

Pros and Cons

✔️ Pros❌ Cons
Tier-1 and 2 regulations back HFM’s offshore entitiesHFM does not offer investor protection to all traders
Traders can expect transparent fee structures and client fund safetyGuaranteed stop-loss orders are not offered
HFM offers eligible traders investor protectionLeverage limits apply according to the regions
Traders can view all HFM’s licenses and regulations on the official websiteSpreads on certain accounts may not be as competitive
Multiple governments regulate the trading environment, assuring its securityThe bonus system can be complicated and may not comply with local regulatory requirements

 

AvaTrade

AvaTrade is a well-established forex and CFD broker with offices in offshore regions like the British Virgin Islands. While this region has more lenient regulations, AvaTrade upholds its high standards and ensures client fund security.

AvaTrade -10 Best offshore Forex Brokers

AvaTrade offers flexible trading conditions with fixed spreads and leverage of up to 1:400 on professional accounts. Furthermore, there are over 1,260 instruments that can be traded.

 

Unique Features

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA
📲 Social Media PlatformsInstagram
Facebook
Twitter
You Tube
💻 Trading AccountsRetail Account, Professional Account
📊 Trading PlatformsAvaTradeGO
AvaOptions
AvaSocial
MetaTrader 4
MetaTrader 5
DupliTrade
ZuluTrade
📉 Trading AssetsForex
Stocks
Commodities
Cryptocurrencies
Treasuries
Bonds
Indices
Exchange-Traded Funds (ETFs)
Options
Contracts for Difference (CFDs)
Precious Metals
💰 Minimum Deposit100 USD
⬇️ Minimum Trade Size0.01 lots
⬆️ Maximum Trade SizeUnlimited
📉 Maximum Leverage 1:30 (Retail)
1:400 (Pro)
📈 Starting spread0.9 pips EUR/USD
💵 Minimum Commission per TradeNone; only the spread is charged
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️ Yes
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes (Dubai)
👉 Open Account👉 Open Account

 

Global Regulations

#️⃣ Registered Entity🗾 Country of Registration✏️ Registration Number⚖️ Regulatory Entity✔️Tier👉 License Number/Ref
AVA Trade EU LtdIreland-CBI1C53877
DT Direct Investment Hub Ltd.Cyprus-CySEC1247/17
AVA Trade EU LtdPoland-KNF2693023
AVA Trade LtdBritish Virgin Islands-BVI4SIBA/L/13/1049
Ava Capital Markets Australia Pty LtdAustraliaABN 72 143 340 907ASIC1406684
Ava Capital Markets PtySouth Africa2015/074039/07FSCA2FSP 45984
Ava Trade Japan KK.Japan-JFSA, FFAJ1JFSA 1662

 

Protection of Client Funds

👮 Security Measure👁️‍🗨️ Information
Segregated AccountsYes
Compensation Fund MemberYes
Compensation Amount20,000 EUR
SSL CertificateYes
2FA (Where Applicable)Yes
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersNo

 

Pros and Cons

✔️ Pros❌ Cons
AvaTrade is well-regulated in several regions even though it has offshore entitiesAvaTrade’s leverage restrictions might apply across the board
AvaTrade offers several security features to safeguard tradersThe investor protection offered might not be available to all traders
Investor protection is provided to eligible tradersAvaTrade only offers a single retail account
AvaTrade is transparent and open about all operationsInactivity fees apply

 

IC Markets

IC Markets’ offshore entities are based in the Bahamas and Seychelles, with regulations through SCB and FSA. While these are lenient regulatory entities, IC Markets still has stringent AML and KYC procedures.

IC Markets Offshore Forex Brokers

Furthermore, traders can expect leverage of up to 1:1000 and access to flexible markets that can be traded. IC Markets offers in-house investor protection, risk management tools, and several other features.

 

Unique Features

👥Brokers👉 Open Account📈 Starting spread💵 Minimum Commission per Trade💰 Minimum Deposit
Exness👉 Open Account0.0 pips EUR/USDFrom $0.1 per side, per lotDepends on payment system
HFM👉 Open Account0.0 pipsFrom $6 per round turn on Forex0 USD
AvaTrade👉 Open Account0.9 pips EUR/USDNone; only the spread is charged100 USD
IC Markets👉 Open AccountFrom 0.0 pipsFrom $3 to $3.5200 USD
Tickmill👉 Open AccountFrom 0.0 pips$1 per side, per standard lot traded100 USD
XM👉 Open AccountFrom 0.7 pipsFrom $1 per share5 USD
Pepperstone👉 Open AccountVariable, from 0.0 pips EUR/USDFrom AU$7200 AUD
Octa👉 Open AccountFrom 0.6 pipsNone25 USD
FBS👉Open Account0.7 pipsNone5 USD
Axiory👉 Open Account0.13 pips$0.0410 USD

 

Global Regulations

#️⃣ Registered Entity🗾 Country of Registration✏️ Registration Number⚖️ Regulatory Entity✔️Tier👉 License Number/Ref
Raw Trading LtdSeychelles-FSA4SD018
International Capital Markets Pty Ltd.AustraliaCAN 123 289 109ASIC1AFSL 335692
IC Markets EU LtdCyprus-CySEC1362/18
IC Markets LtdBahamas76823 CSCB4SIA-F214

 

Protection of Client Funds

👮 Security Measure👁️‍🗨️ Information
Segregated AccountsYes
Compensation Fund MemberNo, in-house insurance
Compensation Amount$1 million
SSL CertificateNo
2FA (Where Applicable)No
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersNo

 

Pros and Cons

✔️ Pros❌ Cons
IC Markets’ inhouse insurance might be available to more traders and regions than what other brokers offer clientsECN accounts incur commission fees
Traders can expect transparent trading conditions from IC Markets, even their offshore entitiesHigh-frequency trading, like scalping, requires a higher minimum deposit
There are high-leverage options offered across several regionsIC Markets’ offer might be complex for complete beginners
IC Markets’ conditions are favorable across all entitiesThere are limited trading accounts offered
IC Markets has a solid regulatory framework

 

Tickmill

Tickmill’s offshore entities are based in Seychelles and Labuan. Despite this, Tickmill is a reputable forex and CFD broker with regulations through top entities like the FCA, CySEC, FSCA, and DFSA.

Tickmill Offshore Brokers

Traders can expect leverage of up to 1:1000, allowing them to open larger positions. In addition, Tickmill offers negative balance protection, ensuring that traders do not lose more than their initial investments.

 

Unique Features

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
📲 Social Media PlatformsFacebook
Twitter
Telegram
Instagram
YouTube
LinkedIn
💻 Trading AccountsPro Account, Classic Account, VIP Account
📊 Trading PlatformsMetaTrader 4 and MetaTrader 5
📉 Trading AssetsForex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies
💰 Minimum Deposit100 USD
⬇️ Minimum Trade Size0.01 lots
⬆️ Maximum Trade Size100 lots
📉 Maximum Leverage1:1000
📈 Starting spreadFrom 0.0 pips
💵 Minimum Commission per Trade$1 per side, per standard lot traded
$ USD Accounts✔️ Yes
$ USD Deposits✔️ Yes
Bonuses for traders?✔️ Yes
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account$1 per side, per standard lot traded
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Global Regulations

#️⃣ Registered Entity🗾 Country of Registration✏️ Registration Number⚖️ Regulatory Entity✔️Tier👉 License Number/Ref
Tickmill UK Ltd.United Kingdom09592225FCA171720
Tickmill Europe LtdCyprus340249CySEC1278/15
Tickmill South Africa (Pty) Ltd.South Africa2017/531268/07FSCA2FSP 49464
Tickmill Ltd.Seychelles-FSA4SD008
Tickmill Asia Ltd.Labuan-LFSA4MB/18/0028
Tickmill UK Ltd.Dubai-DFSA2F007663

 

Protection of Client Funds

👮 Security Measure👁️‍🗨️ Information
Segregated AccountsYes
Compensation Fund MemberYes, FSCS and ICF
Compensation AmountFSCS - £85,000
ICF – 20,000 EUR
SSL CertificateNo
2FA (Where Applicable)No
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersNo

 

Pros and Cons

✔️ Pros ❌ Cons
Tickmill is regulated globally by several entitiesHigh leverage can lead to losses despite negative balance protection
Traders can view Tickmill’s safety features and other regulatory information on the websiteTickmill offers limited tradable instruments
Traders can
Tickmill recently increased its leverage to 1:1000
Traders can register a free demo account

 

XM

XM offers traders several flexible accounts and a maximum leverage of up to 1:1000. While XM is present in offshore regions like Belize, its other regulations ensure that traders can trust the brand with their client funds.

XM

XM’s spreads are wider than other brokers, but the broker offers other advantages like low and competitive commission fees, flexible position sizes, and low minimum deposit requirements of 5 USD.

Unique Features

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationFSCA, IFSC, ASIC, CySEC, DFSA
📲 Social Media PlatformsLinkedIn
Twitter
Facebook
YouTube
Instagram
💻 Trading AccountsMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
📊 Trading PlatformsMetaTrader 4, MetaTrader 5, XM Mobile App
📉 Trading AssetsForex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares,
💰 Minimum Deposit5 USD
⬇️ Minimum Trade Size0.01 lots
⬆️ Maximum Trade Size100 lots
📉 Maximum Leverage1:1000
📈 Starting spreadFrom 0.7 pips
💵 Minimum Commission per TradeFrom $1 per share
$ USD Accounts✔️ Yes
$ USD Deposits✔️ Yes
Bonuses for traders?✔️ Yes
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Global Regulations

#️⃣ Registered Entity🗾 Country of Registration✏️ Registration Number⚖️ Regulatory Entity✔️Tier👉 License Number/Ref
XM Global LimitedBelize-IFSC4000261/158
Key Way Financial (Pty) LtdSouth Africa2018/527968/07FSCA249976
Trading Point of Financial Instruments Pty LtdAustraliaABN 32 164 367ASIC1AFSL 443670
Trading Point of Financial Instruments LtdCyprus-CySEC1120/10
Trading Point MENA LimitedDubai-DFSA2F003484
Trading Point of Financial Instruments UK LimitedUnited Kingdom09436004FCA1705428

 

Protection of Client Funds

👮 Security Measure👁️‍🗨️ Information
Segregated AccountsYes
Compensation Fund MemberYes
Compensation Amount€20,000 or 90% of the covered investors

claim, whichever is lower.
SSL CertificateYes
2FA (Where Applicable)Yes
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersYes

Pros and Cons

✅Pros❌Cons
XM is well-known as a trusted broker with favorable trading conditionsXM offers negative balance protection, but this will not prevent traders from losing invested funds
Traders can view XM’s regulations onlineXM’s spreads are wider than that of competitors
Traders in eligible regions can get investor protectionCompared to alternative brokerages, XM offers a relatively limited assortment of cryptocurrencies, which may restrict the range of options available to traders interested in acquiring a diverse selection of crypto assets.
There is a diverse range of tradable instrumentsTraders may incur inactivity penalties if their accounts remain inactive for prolonged durations. This situation may present a challenge for infrequent traders.
XM offers multi-currency accountsXM functions through the implementation of variable spreads, the magnitude of which traders may perceive as being greater during periods of heightened market volatility.
XM applies for negative balance protectionXM, in comparison to certain industry rivals, does not consistently provide fixed deposit advantages, potentially impeding traders who are in search of supplementary incentives.
A cent account is provided by XM, enabling traders, particularly novices in the field, to commence their endeavours with more modest investments while efficiently mitigating their risk exposure.A number of traders are perplexed by XM's fee structure, which varies by account category and has the potential to cause some users to become confused.
XM's platform provides traders with competitive margins that not only enhance cost-effectiveness but also possess the potential to optimise profits.Depending on the regulatory climate, traders whose strategies favour higher leverage ratios may face repercussions if XM is able to enforce leverage restrictions.
XM charges low spreads from 1.5 pips on NASDAQXM’s demo account is only available for 90 days if it is not used consistently
XM is known for its transparency and fair trading conditions across marketsThe spreads on instruments like NASDAQ can widen during volatile periods
XM offers several advanced tools to help traders refine their trading strategies on NASDAQ
There are four flexible account types, including a Shares Account

 

Pepperstone

Pepperstone’s offshore entity, Pepperstone Markets Limited, is overseen by SCB under SIA-F217.

While this Tier-4 regulation might concern traders, Pepperstone’s other entities are regulated by Tier-1 and 2 entities, providing a robust regulatory framework overall.

Pepperstone Offshore Brokers

Pepperstone is known for its liquidity, range of markets, and powerful trading platforms.

Pepperstone is an ideal broker for beginner and professional traders worldwide.

 

Unique Features

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
📲 Social Media PlatformsLinkedIn
Facebook
Twitter
You Tube
💻 Trading AccountsStandard Account
Razor Account
Professional Account
Demo Account
Islamic Account
📊 Trading PlatformsMetaTrader 4
MetaTrader 5
cTrader
TradingView
Capitalise.ai
📉 Trading AssetsForex
Indices
Shares
Commodities
Cryptocurrencies
ETFs
Currency Indices
💰 Minimum Deposit200 AUD
⬇️ Minimum Trade Size0.01 lots
⬆️ Maximum Trade Size100 lots
📉 Maximum Leverage 1:500 (Professional)
1:200 (Retail) – Depending on the jurisdiction
📈 Starting spreadVariable, from 0.0 pips EUR/USD
💵 Minimum Commission per TradeFrom AU$7
Bonuses for traders?❌No
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Global Regulations

#️⃣ Registered Entity🗾 Country of Registration✏️ Registration Number⚖️ Regulatory Entity✔️Tier👉 License Number/Ref
Pepperstone Markets LimitedBahamas177174 BSCB4SIA-F217
Pepperstone Group LimitedAustraliaACN 147 055 703ASIC1414530
Pepperstone Limited (UK)United Kingdom08965105FCA1684312
Pepperstone EU, Ltd.CyprusHE 398429CySEC1388/20
Pepperstone Markets Kenya LimitedKenyaPVT-PJU7Q8KCMA2CMA 128
Pepperstone Financial Services (DIFC) LimitedDubaiDIFC 3460DFSA2F004356
Pepperstone GmbHGermanyHRB 91279BaFin1151148

 

Protection of Client Funds

👮 Security Measure👁️‍🗨️ Information
Segregated AccountsYes
Compensation Fund MemberYes
Compensation Amount£85,000
SSL CertificateYes
2FA (Where Applicable)No
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes, only for UK/EU clients
Guaranteed Stop-Loss OrdersNo

 

Pros and Cons

✔️Pros❌Cons
Pepperstone is a large and prominent broker with large trading volumesPepperstone’s negative balance protection is only offered to UK and EU clients
Traders can expect negative balance protection on retail accountsInvestor protection might be restricted to certain regions
Traders can expect zero-pip spreads on major instrumentsPepeprstone only offers two retail accounts
Pepperstone provides a safe and well-regulated trading environment

 

Octa

Octa allows traders to register a trading account with a minimum deposit of 25 USD, giving them access to global markets.

Octa is well-regulated in one Tier-1 and one Tier-2 region, with its offshore entity regulated by the Saint Vincent and the Grenadines FSA.

As a broker they offer commission-free trading to traders, charging its broker fee on the spread instead.

Furthermore, traders can expect leverage of up to 1:500 on forex major pairs.

 

Unique Features

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationFinancial Services Authority in Saint Vincent and the Grenadines (SVG FSA), and Cyprus Securities and Exchange Commission (CySEC)
📲 Social Media PlatformsLinkedIn
Facebook
Twitter
You Tube
Instagram
Telegram
💻 Trading AccountsMetaTrader 4 Habitual Trader Account, MetaTrader 5 Smart Trader Account
📊 Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
📉 Trading AssetsForex Currency Pairs, Index ECNs, Commodities, Cryptocurrencies
💰 Minimum Deposit25 USD
⬇️ Minimum Trade Size0.01 lots
⬆️ Maximum Trade Size500 lots
📉 Maximum Leverage1:500
📈 Starting spreadFrom 0.6 pips
💵 Minimum Commission per TradeNone
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️ Yes
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
👉 Open Account👉 Open Account

 

Global Regulations

#️⃣ Registered Entity🗾 Country of Registration✏️ Registration Number⚖️ Regulatory Entity✔️Tier👉 License Number/Ref
Octa Markets Cyprus LtdCyprus-CySEC1372/18
Orinoco Capital (Pty) LtdSouth Africa2021/704761/07FSCA2FSP 51913
Octa Markets IncorporatedSaint Vincent and the Grenadines-FSA SVG419776

 

Protection of Client Funds

👮 Security Measure👁️‍🗨️ Information
Segregated AccountsYes
Compensation Fund MemberNo
Compensation Amount-
SSL CertificateYes
2FA (Where Applicable)Yes
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersNo

 

Pros and Cons

✔️Pros❌Cons
Octa is regulated by Tier-1 and 2 entities in three regionsOcta only has one Tier-1 regulation with CySEC
Octa offers negative balance protection to retail accountsInvestor protection is not provided
Octa employs AML and KYC policies
Client funds are segregated into accounts with top-tier banks

 

FBS

FBS is a versatile forex and CFD broker that offers a single retail trading account with a maximum leverage of up to 1:3000. FBS’ offshore entity is regulated by the IFSC in Belize, offering more leniency in certain categories.

However, despite this Tier-4 entity, FBS is also regulated in Cyprus, South Africa, and Australia – providing traders the confidence they need to trade securely with FBS.

 

Unique Features

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
📲 Social Media PlatformsFacebook Twitter LinkedIn YouTube Instagram Telegram
💻 Trading AccountsPro Account, Classic Account, VIP Account
📊 Trading PlatformsMetaTrader 4, MetaTrader 5
📉 Trading AssetsForex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies
💰 Minimum Deposit5 USD
⬇️ Minimum Trade Size0.01 lots
⬆️ Maximum Trade Size500 lots
📉 Maximum Leverage1:3000
📈 Starting spread0.7 pips
💵 Minimum Commission per TradeNone; only the spread is charged
💲 USD-based Account?✔️ Yes
💲 USD Deposits Allowed?✔️ Yes
➕ Bonuses for traders?✔️ Yes
📈 Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
👉 Open Account👉Open Account

 

Global Regulations

#️⃣ Registered Entity🗾 Country of Registration✏️ Registration Number⚖️ Regulatory Entity✔️Tier👉 License Number/Ref
FBS Markets, Inc.Belize-IFSC4000102/460
Tradestone LtdCyprus353534CySEC1331/17
Intelligent Financial Markets Pty LtdAustraliaABN 48 155 185 014ASIC1426359
Trade Stone SA (PTY) LTDSouth Africa2018/514734/07FSCA2FSP 50885

 

Protection of Client Funds

👮 Security Measure👁️‍🗨️ Information
Segregated AccountsYes
Compensation Fund MemberYes
Compensation Amount20,000 EUR or 90% of the claim
SSL CertificateYes
2FA (Where Applicable)Yes
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersNo

 

Pros and Cons

✔️Pros❌Cons
FBS is regulated in four regions by a mix of Tier-1, 2, and 3 entitiesFBS is not regulated by the FCA or other top regulatory entities
FBS’ offshore entities comply with stringent rules and policiesFBS only offers one retail account
FBS has built a significant reputation
Investor protection is available

 

Axiory

Axiory is a popular name in forex and CFD trading, with regulations in Belize, Mauritius, and the United Kingdom.

Even though Axiory only has one Tier-1 license, the broker aims to provide a transparent fee schedule to all traders across accounts.

Axiory

In addition, traders can expect flexible position sizes, leverage of up to 1:1000, and competitive spreads from 0.13 pips on EUR/USD.

 

Unique Features

🔎 Feature👁️‍🗨️ Information
🏛️ RegulationIFSC Belize, FSC Mauritius, FCA
💻 Trading AccountsNano, Standard, Max, Tera, Alpha
📊 Trading PlatformsMetaTrader 4, MetaTrader 5
📉 Trading AssetsForex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies
💰 Minimum Deposit10 USD
⬇️ Minimum Trade Size0.01 lots
⬆️ Maximum Trade SizeUnlimited
📉 Maximum Leverage1:1000
📈 Starting spread0.13 pips
💵 Minimum Commission per Trade$0.04
👉 Open Account👉 Open Account

 

Global Regulations

#️⃣ Registered Entity🗾 Country of Registration✏️ Registration Number⚖️ Regulatory Entity✔️Tier👉 License Number/Ref
Axiory Global LtdBelize-IFSC4000122/163
Tradit LimitedMauritius-FSC4GB21026376
London & Eastern LPPUnited Kingdom-FCA1534484

 

Protection of Client Funds

👮 Security Measure👁️‍🗨️ Information
Segregated AccountsYes
Compensation Fund MemberYes
Compensation Amount20,000 USD
SSL CertificateNo
2FA (Where Applicable)No
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersNo

 

Pros and Cons

✔️Pros❌Cons
European clients have access to investor protectionInvestor protection is limited to EU clients
At least one Tier-1 regulator regulates AxioryHigh leverage can lead to the loss of funds
Traders can expect a safe trading environment regardless of the entity through which they trade
Axiory is transparent about its trading conditions

 

Why Is It Important to Choose the Right Offshore Forex Broker?

Navigating Regulatory Landscapes

Traders considering offshore international brokers must ensure they are familiar with the regulatory entity overseeing their broker.

Offshore countries have more lenient restrictions, allowing higher leverage and other features.

However, because there is looser control, it can expose traders to more risks.

Traders must consider brokers with strong regulatory support through other entities, demonstrating their overall compliance with rules and regulations.

 

Ensuring Financial Security

Traders must safeguard their funds. Offshore brokers must keep funds segregated like those in more regulated areas.

Furthermore, the offshore broker must be transparent and offer risk management tools, compensation, and other features.

 

Access to Trading Benefits

There are several unique advantages associated with offshore brokers, including tighter spreads, access to other markets, higher leverage, etc.

The right broker must offer items that align with your trading objectives and requirements.

 

Quality of Customer Service

Customer support is a crucial component when dealing with offshore brokers. Traders must be able to contact their broker easily, receive the help they need, and have support in disputes.

The broker chosen must have several communication channels and, ideally, offer support 24 hours a day, 7 days a week.

 

Transparency and Reliability

Trust is a commodity in online trading. Therefore, ideal offshore brokers must be transparent in their fund safety, regulations, trading conditions, and other factors.

Reliable offshore brokers must communicate the risks of trading through a risk warning.

Furthermore, the ideal offshore broker will have a website that is easy to navigate and offers comprehensive information on its history, operations, and future outlook.

Ofshore Forex Brokers

 

 Conclusion

In our experience, using an offshore broker can be an exciting venture for traders who are used to heavily regulated forex brokers.

However, traders must be careful when using offshore brokers, as they could be opening themselves to scams.

Therefore, traders must conduct thorough research on offshore brokers and ensure they are legit, transparent, and reputable. One way to establish whether a broker is trusted is to consult trusted review sites and online forums where traders can provide feedback.

Furthermore, traders can test the broker’s offer and platform using a demo account before they invest any capital.

Overall, while offshore brokers offer several advantages over their heavily regulated counterparts, they must ensure they can trade in a safe, transparent environment.

We can be found on Twitter as well.

FAQs

You can look for reputable brokers who are regulated, even if they are based abroad. Furthermore, consider brokers with existing regulations with other, more reputable entities.

Offshore brokers sometimes offer leverage ratios that exceed those permitted by top-tier restrictions, typically from 1:500 to 1:3000, and even unlimited (like Exness).

Yes, you can. If a broker does not provide negative balance protection, you can lose more than your original investment when the markets turn against you, especially if you apply leverage

 

Yes, they typically do. Many offshore brokers provide an extensive range of forex pairings, CFDs, commodities, and even cryptocurrencies, much like other more regulated brokers.

Traders choose offshore brokers because they provide more leverage, fewer trading limitations, and, in certain cases, lucrative promotions and bonuses.

Yes, they can be. However, offshore brokers face greater risk than brokers authorized by top-tier authorities. Scam brokers can easily slip through because there are more lenient regulations in offshore regions.