10 Best Offshore International Forex Brokers
Last Update: June 26th, 2024
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
Broker | Review | Regulators | Min Deposit | Website | |
---|---|---|---|---|---|
🥇 | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker | |
🥈 | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker | |
🥉 | Read Review | FCA, FSCA, FSC, CMA | USD 10 | Visit Broker | |
4 | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker | |
5 | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker | |
6 | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker | |
7 | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker | |
8 | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker | |
9 | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker | |
10 | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
The 10 Best Offshore International Forex Brokers (2024*)
- ☑️ Exness – well-established, in the industry since 2008.
- ☑️ HFM – the widest selection of trading assets.
- ☑️ AvaTrade –offices located across 5 continents.
- ☑️ IC Markets – funding options in 10 different base currencies.
- ☑️ Tickmill – largest international financial services company.
- ☑️ XM – access to direct educational content.
- ☑️ Pepperstone – Australia-based, a low-cost forex broker.
- ☑️ Octa – trustworthy and highly regulated Forex Broker.
- ☑️ FBS –more than 150 countries of presence.
- ☑️ 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 international 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 international 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, offshore international 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 Account | 0.0 pips EUR/USD | From $0.1 per side, per lot | Depends on payment system |
HFM | 👉 Open Account | 0.0 pips | From $6 per round turn on Forex | 0 USD |
AvaTrade | 👉 Open Account | 0.9 pips EUR/USD | None; only the spread is charged | 100 USD |
IC Markets | 👉 Open Account | From 0.0 pips | From $3 to $3.5 | 200 USD |
Tickmill | 👉 Open Account | From 0.0 pips | $1 per side, per standard lot traded | 100 USD |
XM | 👉 Open Account | From 0.7 pips | From $1 per share | 5 USD |
Pepperstone | 👉 Open Account | Variable, from 0.0 pips EUR/USD | From AU$7 | 200 AUD |
Octa | 👉 Open Account | From 0.6 pips | None | 25 USD |
FBS | 👉Open Account | 0.7 pips | None | 5 USD |
Axiory | 👉 Open Account | 0.13 pips | $0.04 | 10 USD |
Exness Offshore International Forex Broker
Exness is regulated by several global regulations and has offshore entities in Seychelles and the British Virgin Islands. This allows Exness to offer traders higher leverage options and flexible minimum deposits.
Based on its presence in these regions, Exness can easily navigate international trading with agility, offering traders flexibility while ensuring they still have a safe trading environment.
Unique Features
🔎 Feature | 👁️🗨️ Information |
🏛️ Regulation | CySEC, FSCA, FCA, FSC Mauritius |
📲 Social Media Platforms | LinkedIn YouTube |
💻 Account Types | Micro Account, Advantage Account, Advantage Plus Account |
📊 Trading Platforms | MetaTrader 4 IG Platform ProRealTime (PRT) L2 Dealer FIX API |
📉 Trading Assets | Forex Indices Shares Commodities Cryptocurrencies Futures Options |
💻 Trading Accounts | IG Trading Account Limited Risk Account Islamic Account (Dubai traders only) Demo Account |
💰 Minimum Deposit | Depends on the payment system |
⬇️ Minimum Trade Size | 0.01 lots |
⬆️ Maximum Trade Size | Unlimited |
📉 Maximum Leverage | Unlimited |
📈 Starting spread | 0.0 pips EUR/USD |
💵 Minimum Commission per Trade | From $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 Limited | Seychelles | 8423606-1 | FSA | 4 | SD025 |
Exness B.V. | Saint Maarten | 148698(0) | CBCS | 4 | 0003LSI |
Exness VG Limited | British Virgin Islands | 2032226 | FSC BVI | 4 | SIBA/L/20/1133 |
Tortelo Limited | Mauritius | 176967 | FSC | 4 | GB20025294 |
Vlerizo (Pty) Ltd | South Africa | 51024 | FSCA | 2 | FSP51024 |
Exness (CY) Ltd | Cyprus | HE 293057 | CySEC | 1 | 177/12 |
Exness (UK) Ltd | United Kingdom | 0886148 | FCA | 1 | FSR730729 |
Tadenex Limited | Kenya | - | CMA | 2 | 162 |
Protection of Client Funds
👮 Security Measure | 👁️🗨️ Information |
Segregated Accounts | Yes |
Compensation Fund Member | Yes, Financial Commission |
Compensation Amount | €20,000 per client |
SSL Certificate | Yes |
2FA (Where Applicable) | Yes, Exness App |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes |
Guaranteed Stop-Loss Orders | Yes, above 1.2 pips |
Pros and Cons
✔️Pros | ❌Cons |
Exness operates offshore but has several regulations that prove its reliability | Performance-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 tools | Limited 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 schedule | Minimum 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 balance | Regulatory 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-leverage | GSLO 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 assets | Exness offers limited trading instruments |
The platform covers a diverse set of trading instruments, including Forex pairings, commodities, cryptocurrencies, energy, and indices | Not 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 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 |
🏛️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
📲 Social Media Platforms | Facebook Telegram YouTube |
💻 Account Types | Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
📊 Trading Platforms | MetaTrader 4 and MetaTrader 5 |
📉 Trading Assets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
💰 Minimum Deposit | 0 USD |
⬇️ Minimum Trade Size | 0.01 lots |
⬆️ Maximum Trade Size | 60 lots |
📉 Maximum Leverage | 1:2000 |
📈 Starting spread | 0.0 pips |
💵 Minimum Commission per Trade | From $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) Ltd | South Africa | 2015/341406/07 | FSCA | 2 | FSP 46632 |
HF Markets (Europe) Ltd | Cyprus | HE 277582 | CySEC | 1 | 183/12 |
HF Markets (Seychelles) Ltd | Seychelles | 8419176-1 | FSA | 4 | SD015 |
HF Markets Ltd | Mauritius | 094286/GBL | FSC | 4 | 094286/GBL |
HF Markets (DICF) Ltd | Dubai | - | DFSA | 2 | F004885 |
HF Markets (UK) Ltd | United Kingdom | 11118651 | FCA | 1 | 801701 |
HFM Investments Limited | Kenya | - | CMA | 2 | 155 |
Protection of Client Funds
👮 Security Measure | 👁️🗨️ Information |
Segregated Accounts | Yes |
Compensation Fund Member | Yes |
Compensation Amount | 5 million EUR |
SSL Certificate | Yes |
2FA (Where Applicable) | Yes |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes |
Guaranteed Stop-Loss Orders | No |
Pros and Cons
✔️ Pros | ❌ Cons |
Tier-1 and 2 regulations back HFM’s offshore entities | HFM does not offer investor protection to all traders |
Traders can expect transparent fee structures and client fund safety | Guaranteed stop-loss orders are not offered |
HFM offers eligible traders investor protection | Leverage limits apply according to the regions |
Traders can view all HFM’s licenses and regulations on the official website | Spreads on certain accounts may not be as competitive |
Multiple governments regulate the trading environment, assuring its security | The 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 offers flexible trading conditions with fixed spreads and leverage of up to 1:400 on professional accounts. Furthermore, over 1,260 instruments can be traded.
Unique Features
🔎 Feature | 👁️🗨️ Information |
🏛️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
📲 Social Media Platforms | Instagram You Tube |
💻 Trading Accounts | Retail Account, Professional Account |
📊 Trading Platforms | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
📉 Trading Assets | Forex Stocks Commodities Cryptocurrencies Treasuries Bonds Indices Exchange-Traded Funds (ETFs) Options Contracts for Difference (CFDs) Precious Metals |
💰 Minimum Deposit | 100 USD |
⬇️ Minimum Trade Size | 0.01 lots |
⬆️ Maximum Trade Size | Unlimited |
📉 Maximum Leverage | 1:30 (Retail) 1:400 (Pro) |
📈 Starting spread | 0.9 pips EUR/USD |
💵 Minimum Commission per Trade | None; only the spread is charged |
💲 USD-based Account? | ✔️ Yes |
💲 USD Deposits Allowed? | ✔️ Yes |
➕ Bonuses for traders? | ✔️ Yes |
📈 Minimum spread | From 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 Ltd | Ireland | - | CBI | 1 | C53877 |
DT Direct Investment Hub Ltd. | Cyprus | - | CySEC | 1 | 247/17 |
AVA Trade EU Ltd | Poland | - | KNF | 2 | 693023 |
AVA Trade Ltd | British Virgin Islands | - | BVI | 4 | SIBA/L/13/1049 |
Ava Capital Markets Australia Pty Ltd | Australia | ABN 72 143 340 907 | ASIC | 1 | 406684 |
Ava Capital Markets Pty | South Africa | 2015/074039/07 | FSCA | 2 | FSP 45984 |
Ava Trade Japan KK. | Japan | - | JFSA, FFAJ | 1 | JFSA 1662 |
Protection of Client Funds
👮 Security Measure | 👁️🗨️ Information |
Segregated Accounts | Yes |
Compensation Fund Member | Yes |
Compensation Amount | 20,000 EUR |
SSL Certificate | Yes |
2FA (Where Applicable) | Yes |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes |
Guaranteed Stop-Loss Orders | No |
Pros and Cons
✔️ Pros | ❌ Cons |
AvaTrade is well-regulated in several regions even though it has offshore entities | AvaTrade’s leverage restrictions might apply across the board |
AvaTrade offers several security features to safeguard traders | The investor protection offered might not be available to all traders |
Investor protection is provided to eligible traders | AvaTrade only offers a single retail account |
AvaTrade is transparent and open about all operations | Inactivity 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.
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 Account | 0.0 pips EUR/USD | From $0.1 per side, per lot | Depends on payment system |
HFM | 👉 Open Account | 0.0 pips | From $6 per round turn on Forex | 0 USD |
AvaTrade | 👉 Open Account | 0.9 pips EUR/USD | None; only the spread is charged | 100 USD |
IC Markets | 👉 Open Account | From 0.0 pips | From $3 to $3.5 | 200 USD |
Tickmill | 👉 Open Account | From 0.0 pips | $1 per side, per standard lot traded | 100 USD |
XM | 👉 Open Account | From 0.7 pips | From $1 per share | 5 USD |
Pepperstone | 👉 Open Account | Variable, from 0.0 pips EUR/USD | From AU$7 | 200 AUD |
Octa | 👉 Open Account | From 0.6 pips | None | 25 USD |
FBS | 👉Open Account | 0.7 pips | None | 5 USD |
Axiory | 👉 Open Account | 0.13 pips | $0.04 | 10 USD |
Global Regulations
#️⃣ Registered Entity | 🗾 Country of Registration | ✏️ Registration Number | ⚖️ Regulatory Entity | ✔️Tier | 👉 License Number/Ref |
Raw Trading Ltd | Seychelles | - | FSA | 4 | SD018 |
International Capital Markets Pty Ltd. | Australia | CAN 123 289 109 | ASIC | 1 | AFSL 335692 |
IC Markets EU Ltd | Cyprus | - | CySEC | 1 | 362/18 |
IC Markets Ltd | Bahamas | 76823 C | SCB | 4 | SIA-F214 |
Protection of Client Funds
👮 Security Measure | 👁️🗨️ Information |
Segregated Accounts | Yes |
Compensation Fund Member | No, in-house insurance |
Compensation Amount | $1 million |
SSL Certificate | No |
2FA (Where Applicable) | No |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes |
Guaranteed Stop-Loss Orders | No |
Pros and Cons
✔️ Pros | ❌ Cons |
IC Markets’ inhouse insurance might be available to more traders and regions than what other brokers offer clients | ECN accounts incur commission fees |
Traders can expect transparent trading conditions from IC Markets, even their offshore entities | High-frequency trading, like scalping, requires a higher minimum deposit |
There are high-leverage options offered across several regions | IC Markets’ offer might be complex for complete beginners |
IC Markets’ conditions are favorable across all entities | There 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.
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 |
🏛️ Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
📲 Social Media Platforms | Facebook Telegram YouTube |
💻 Trading Accounts | Pro Account, Classic Account, VIP Account |
📊 Trading Platforms | MetaTrader 4 and MetaTrader 5 |
📉 Trading Assets | Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies |
💰 Minimum Deposit | 100 USD |
⬇️ Minimum Trade Size | 0.01 lots |
⬆️ Maximum Trade Size | 100 lots |
📉 Maximum Leverage | 1:1000 |
📈 Starting spread | From 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 spread | From 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 Kingdom | 09592225 | FCA | 1 | 71720 |
Tickmill Europe Ltd | Cyprus | 340249 | CySEC | 1 | 278/15 |
Tickmill South Africa (Pty) Ltd. | South Africa | 2017/531268/07 | FSCA | 2 | FSP 49464 |
Tickmill Ltd. | Seychelles | - | FSA | 4 | SD008 |
Tickmill Asia Ltd. | Labuan | - | LFSA | 4 | MB/18/0028 |
Tickmill UK Ltd. | Dubai | - | DFSA | 2 | F007663 |
Protection of Client Funds
👮 Security Measure | 👁️🗨️ Information |
Segregated Accounts | Yes |
Compensation Fund Member | Yes, FSCS and ICF |
Compensation Amount | FSCS - £85,000 ICF – 20,000 EUR |
SSL Certificate | No |
2FA (Where Applicable) | No |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes |
Guaranteed Stop-Loss Orders | No |
Pros and Cons
✔️ Pros | ❌ Cons |
Tickmill is regulated globally by several entities | High leverage can lead to losses despite negative balance protection |
Traders can view Tickmill’s safety features and other regulatory information on the website | Tickmill 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 they are present in offshore regions like Belize, its other regulations ensure that traders can trust the brand with their client funds.
Their spreads are wider than those of other brokers, but the broker offers other advantages, such as low and competitive commission fees, flexible position sizes, and a low minimum deposit requirement of 5 USD.
Unique Features
🔎 Feature | 👁️🗨️ Information |
🏛️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
📲 Social Media Platforms | LinkedIn YouTube |
💻 Trading Accounts | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
📊 Trading Platforms | MetaTrader 4, MetaTrader 5, XM Mobile App |
📉 Trading Assets | Forex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares, |
💰 Minimum Deposit | 5 USD |
⬇️ Minimum Trade Size | 0.01 lots |
⬆️ Maximum Trade Size | 100 lots |
📉 Maximum Leverage | 1:1000 |
📈 Starting spread | From 0.7 pips |
💵 Minimum Commission per Trade | From $1 per share |
$ USD Accounts | ✔️ Yes |
$ USD Deposits | ✔️ Yes |
Bonuses for traders? | ✔️ Yes |
📈 Minimum spread | From 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 Limited | Belize | - | IFSC | 4 | 000261/158 |
Key Way Financial (Pty) Ltd | South Africa | 2018/527968/07 | FSCA | 2 | 49976 |
Trading Point of Financial Instruments Pty Ltd | Australia | ABN 32 164 367 | ASIC | 1 | AFSL 443670 |
Trading Point of Financial Instruments Ltd | Cyprus | - | CySEC | 1 | 120/10 |
Trading Point MENA Limited | Dubai | - | DFSA | 2 | F003484 |
Trading Point of Financial Instruments UK Limited | United Kingdom | 09436004 | FCA | 1 | 705428 |
Protection of Client Funds
👮 Security Measure | 👁️🗨️ Information |
Segregated Accounts | Yes |
Compensation Fund Member | Yes |
Compensation Amount | €20,000 or 90% of the covered investors claim, whichever is lower. |
SSL Certificate | Yes |
2FA (Where Applicable) | Yes |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes |
Guaranteed Stop-Loss Orders | Yes |
Pros and Cons
✅Pros | ❌Cons |
XM is well-known as a trusted broker with favorable trading conditions | XM offers negative balance protection, but this will not prevent traders from losing invested funds |
Traders can view XM’s regulations online | XM’s spreads are wider than that of competitors |
Traders in eligible regions can get investor protection | Compared 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 instruments | Traders 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 accounts | XM 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 protection | XM, 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 NASDAQ | XM’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 markets | The 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 broker entity, Pepperstone Markets Limited, is overseen by SCB under SIA-F217.
While this Tier-4 regulation might concern traders, Their other entities are regulated by Tier-1 and 2 entities, providing a robust regulatory framework overall.
Pepperstone is known for its liquidity, range of markets, and powerful trading platforms.
They are an ideal broker for beginner and professional traders worldwide.
Unique Features
🔎 Feature | 👁️🗨️ Information |
🏛️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
📲 Social Media Platforms | LinkedIn You Tube |
💻 Trading Accounts | Standard Account Razor Account Professional Account Demo Account Islamic Account |
📊 Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView Capitalise.ai |
📉 Trading Assets | Forex Indices Shares Commodities Cryptocurrencies ETFs Currency Indices |
💰 Minimum Deposit | 200 AUD |
⬇️ Minimum Trade Size | 0.01 lots |
⬆️ Maximum Trade Size | 100 lots |
📉 Maximum Leverage | 1:500 (Professional) 1:200 (Retail) – Depending on the jurisdiction |
📈 Starting spread | Variable, from 0.0 pips EUR/USD |
💵 Minimum Commission per Trade | From AU$7 |
Bonuses for traders? | ❌No |
📈 Minimum spread | From 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 Limited | Bahamas | 177174 B | SCB | 4 | SIA-F217 |
Pepperstone Group Limited | Australia | ACN 147 055 703 | ASIC | 1 | 414530 |
Pepperstone Limited (UK) | United Kingdom | 08965105 | FCA | 1 | 684312 |
Pepperstone EU, Ltd. | Cyprus | HE 398429 | CySEC | 1 | 388/20 |
Pepperstone Markets Kenya Limited | Kenya | PVT-PJU7Q8K | CMA | 2 | CMA 128 |
Pepperstone Financial Services (DIFC) Limited | Dubai | DIFC 3460 | DFSA | 2 | F004356 |
Pepperstone GmbH | Germany | HRB 91279 | BaFin | 1 | 151148 |
Protection of Client Funds
👮 Security Measure | 👁️🗨️ Information |
Segregated Accounts | Yes |
Compensation Fund Member | Yes |
Compensation Amount | £85,000 |
SSL Certificate | Yes |
2FA (Where Applicable) | No |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes, only for UK/EU clients |
Guaranteed Stop-Loss Orders | No |
Pros and Cons
✔️Pros | ❌Cons |
Pepperstone is a large and prominent broker with large trading volumes | Pepperstone’s negative balance protection is only offered to UK and EU clients |
Traders can expect negative balance protection on retail accounts | Investor protection might be restricted to certain regions |
Traders can expect zero-pip spreads on major instruments | Pepeprstone 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.
This broker 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 an Offshore broker, they offer commission-free trading to traders, charging their broker fee on the spread instead.
Furthermore, traders can expect leverage of up to 1:500 on forex major pairs.
Unique Features
🔎 Feature | 👁️🗨️ Information |
🏛️ Regulation | Financial Services Authority in Saint Vincent and the Grenadines (SVG FSA), and Cyprus Securities and Exchange Commission (CySEC) |
📲 Social Media Platforms | LinkedIn You Tube Telegram |
💻 Trading Accounts | MetaTrader 4 Habitual Trader Account, MetaTrader 5 Smart Trader Account |
📊 Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
📉 Trading Assets | Forex Currency Pairs, Index ECNs, Commodities, Cryptocurrencies |
💰 Minimum Deposit | 25 USD |
⬇️ Minimum Trade Size | 0.01 lots |
⬆️ Maximum Trade Size | 500 lots |
📉 Maximum Leverage | 1:500 |
📈 Starting spread | From 0.6 pips |
💵 Minimum Commission per Trade | None |
💲 USD-based Account? | ✔️ Yes |
💲 USD Deposits Allowed? | ✔️ Yes |
➕ Bonuses for traders? | ✔️ Yes |
📈 Minimum spread | From 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 Ltd | Cyprus | - | CySEC | 1 | 372/18 |
Orinoco Capital (Pty) Ltd | South Africa | 2021/704761/07 | FSCA | 2 | FSP 51913 |
Octa Markets Incorporated | Saint Vincent and the Grenadines | - | FSA SVG | 4 | 19776 |
Protection of Client Funds
👮 Security Measure | 👁️🗨️ Information |
Segregated Accounts | Yes |
Compensation Fund Member | No |
Compensation Amount | - |
SSL Certificate | Yes |
2FA (Where Applicable) | Yes |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes |
Guaranteed Stop-Loss Orders | No |
Pros and Cons
✔️Pros | ❌Cons |
Octa is regulated by Tier-1 and 2 entities in three regions | Octa only has one Tier-1 regulation with CySEC |
Octa offers negative balance protection to retail accounts | Investor 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. Their offshore broker entity is regulated by the IFSC in Belize, offering more leniency in certain categories.
However, despite this Tier-4 entity, they are also regulated in Cyprus, South Africa, and Australia, providing traders with the confidence they need to trade securely with FBS.
Unique Features
🔎 Feature | 👁️🗨️ Information |
🏛️ Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
📲 Social Media Platforms | Facebook Twitter LinkedIn YouTube Instagram Telegram |
💻 Trading Accounts | Pro Account, Classic Account, VIP Account |
📊 Trading Platforms | MetaTrader 4, MetaTrader 5 |
📉 Trading Assets | Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies |
💰 Minimum Deposit | 5 USD |
⬇️ Minimum Trade Size | 0.01 lots |
⬆️ Maximum Trade Size | 500 lots |
📉 Maximum Leverage | 1:3000 |
📈 Starting spread | 0.7 pips |
💵 Minimum Commission per Trade | None; only the spread is charged |
💲 USD-based Account? | ✔️ Yes |
💲 USD Deposits Allowed? | ✔️ Yes |
➕ Bonuses for traders? | ✔️ Yes |
📈 Minimum spread | From 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 | - | IFSC | 4 | 000102/460 |
Tradestone Ltd | Cyprus | 353534 | CySEC | 1 | 331/17 |
Intelligent Financial Markets Pty Ltd | Australia | ABN 48 155 185 014 | ASIC | 1 | 426359 |
Trade Stone SA (PTY) LTD | South Africa | 2018/514734/07 | FSCA | 2 | FSP 50885 |
Protection of Client Funds
👮 Security Measure | 👁️🗨️ Information |
Segregated Accounts | Yes |
Compensation Fund Member | Yes |
Compensation Amount | 20,000 EUR or 90% of the claim |
SSL Certificate | Yes |
2FA (Where Applicable) | Yes |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes |
Guaranteed Stop-Loss Orders | No |
Pros and Cons
✔️Pros | ❌Cons |
FBS is regulated in four regions by a mix of Tier-1, 2, and 3 entities | FBS is not regulated by the FCA or other top regulatory entities |
FBS’ offshore entities comply with stringent rules and policies | FBS only offers one retail account |
FBS has built a significant reputation | |
Investor protection is available |
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 |
🏛️ Regulation | IFSC Belize, FSC Mauritius, FCA |
💻 Trading Accounts | Nano, Standard, Max, Tera, Alpha |
📊 Trading Platforms | MetaTrader 4, MetaTrader 5 |
📉 Trading Assets | Forex, Stock Indices, Energies, Precious Metals, Bonds, Cryptocurrencies |
💰 Minimum Deposit | 10 USD |
⬇️ Minimum Trade Size | 0.01 lots |
⬆️ Maximum Trade Size | Unlimited |
📉 Maximum Leverage | 1:1000 |
📈 Starting spread | 0.13 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 Ltd | Belize | - | IFSC | 4 | 000122/163 |
Tradit Limited | Mauritius | - | FSC | 4 | GB21026376 |
London & Eastern LPP | United Kingdom | - | FCA | 1 | 534484 |
Protection of Client Funds
👮 Security Measure | 👁️🗨️ Information |
Segregated Accounts | Yes |
Compensation Fund Member | Yes |
Compensation Amount | 20,000 USD |
SSL Certificate | No |
2FA (Where Applicable) | No |
Privacy Policy in Place | Yes |
Risk Warning Provided | Yes |
Negative Balance Protection | Yes |
Guaranteed Stop-Loss Orders | No |
Pros and Cons
✔️Pros | ❌Cons |
European clients have access to investor protection | Investor protection is limited to EU clients |
At least one Tier-1 regulator regulates Axiory | High 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
Offshore brokers offer several unique advantages, including tighter spreads, access to other markets, and higher leverage.
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.
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.
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.