Best Offshore Brokers
Here's our selection of offshore Forex and CFD brokers you can trust. You'll also find direct links to their offshore registration pages from this article.
You may open an account with these brokers wherever you live, except if you live in the US or in a handful of sanctioned countries. When further restrictions apply, we'll make this clear.
Brokers we recommend
FP Markets is an Australian CFD broker with an offshore entity in St Vincent & the Grenadines. Enjoy leverage up to 1:500 across Forex and gold, and high leverage across all other markets when you open an account with its LLC entity.
4xc.com is an offshore broker founded in 2018 by traders. Trade Forex, metals, oil and stocks with leverage up to 1:500. It accepts all trading styles and Expert Advisors on MT4/5.
AvaTrade is a global CFD broker with an offshore entity in the BVI. However, your ability to register with that entity will depend on your country. If the option is available to you, the account opening form will prompt you to choose an entity.
Other offshore brokers:
Offshore brokers compared
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
| Overall | Markets | Trading environment | Deposits and withdrawals | Investor protection | Customer service | |
|---|---|---|---|---|---|---|
| FP Markets | 4.8 | 5.0 | 4.9 | 5.0 | 4.0 | 5.0 |
| 4XC | 4.1 | 3.8 | 4.4 | 4.5 | 3.0 | 4.7 |
| AvaTrade | 4.7 | 5.0 | 4.2 | 4.7 | 4.8 | 5.0 |
| FxPro | 4.6 | 4.1 | 4.9 | 4.6 | 4.8 | 4.7 |
| Exness | 4.3 | 3.8 | 4.0 | 5.0 | 3.8 | 4.7 |
| Forex (CFD) | Cryptos (CFD)* | Stocks (CFD) | Indices (CFD) | ETFs (CFD) | Metals (CFD) | Energy (CFD) | Commodities (CFD) | Bonds (CFD) | |
|---|---|---|---|---|---|---|---|---|---|
| FP Markets | 72 | 12 | 1000 | 16 | 46 | 17 | 4 | 5 | 2 |
| 4XC | 49 | 5 | 11 | 2 | 2 | ||||
| AvaTrade | 53 | 26 | 643 | 35 | 67 | 7 | 5 | 7 | 2 |
| FxPro | 76 | 39 | 1835 | 29 | 12 | 6 | 14 | ||
| Exness | 96 | 9 | 98 | 10 | 4 | 3 |
| MT4 | MT5 | Copy trading | cTrader | TradingView | |
|---|---|---|---|---|---|
| FP Markets | |||||
| 4XC | |||||
| AvaTrade | |||||
| FxPro | |||||
| Exness |
| Bank transfer | Debit card | Credit card | NETELLER * | Skrill * | Broker to broker transfer | BTC (Bitcoin) | USDT (Tether) | Binance Pay | |
|---|---|---|---|---|---|---|---|---|---|
| FP Markets | |||||||||
| 4XC | |||||||||
| AvaTrade | |||||||||
| FxPro | |||||||||
| Exness |
| Australia | Bahamas | Cook Islands | Cyprus (EU) | Ireland | Jordan | Seychelles | South Africa | St. Vincent & the Grenadines | UAE | UK | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FP Markets | |||||||||||
| 4XC | |||||||||||
| AvaTrade | |||||||||||
| FxPro | |||||||||||
| Exness |
* Availability is subject to local laws and regulations.
Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.
FP Markets is an Australian CFD broker with an offshore entity in St Vincent & the Grenadines. Enjoy leverage up to 1:500 across Forex and gold, and high leverage across all other markets when you open an account with its LLC entity.
- Likes
- Flexible leverage up to 1:500.
- Trade over 1,000 financial instruments.
- Trade on MT4/5, cTrader or TradingView without restrictions.
- Copy trading service is available.
- Customer support is available 24/7.
- Dislikes
- No investor compensation fund in the event of bankruptcy.
Enjoy low spreads and reliable trading conditions at all times with this award-winning broker. Open a Standard account to trade without commission, or a Raw account if you prefer to trade on raw spreads.
Access over 1,000 markets through MT4, MT5, cTrader and more recently TradingView. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros, Aussie dollars and other currencies. You can also go long or short on stocks and government bonds through over 40 ETFs.
Its free educational content also sets it apart from the competition. Get access to trading signals from Trading Signal and Autochartist as soon as you fund your account. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.
Read review4xc.com is an offshore broker founded in 2018 by traders. Trade Forex, metals, oil and stocks with leverage up to 1:500. It accepts all trading styles and Expert Advisors on MT4/5.
- Likes
- Enjoy flexible leverage up to 1:500.
- Choose between MetaTrader 4 and 5, or copy trading.
- All trading styles and Expert Advisors are allowed.
- Fast execution speeds from its London data-centre.
- Dislikes
- Fewer CFDs than other brokers.
- Negative balance protection is only available across Forex and precious metals.
- This broker is regulated in the Cook Islands, a country without an investor compensation fund.
4xc.com will appeal to you if you enjoy trading Forex, gold or silver on high leverage, up to 1:500. It accepts all trading styles on MT4 and MT5 without restrictions. And unlike some brokers, who'll adjust leverage dynamically, this broker keeps leverage constant at all times.
If you're looking for trade ideas, 4XC will provide daily AI-powered trade ideas once you account's balance reaches $500. Alternatively, why not open a PAMM account or a copy trading account through 4XC if you prefer to follow others.
Customer support is available 6 days a week, and has always been professional in our interactions with them. So it's perhaps no surprise that 4XC has received several awards commending the quality of its customer service.
Read reviewAvaTrade is a global CFD broker with an offshore entity in the BVI. However, your ability to register with that entity will depend on your country. If the option is available to you, the account opening form will prompt you to choose an entity.
- Likes
- CFDs on 845 instruments, as well as futures and options.
- Wide selection of trading platforms, including copy trading.
- One-on-one assistance when you deposit US$1,000 or more.
- Daily trading signals from Trading Central.
- No fees on deposits or withdrawals.
- Dislikes
- Quarterly and annual inactivity fees are $50 and $100 respectively.
- Its 'one size fits all' trading account may not appeal to professional traders.
The breadth of assets available to trade through its platform sets this broker apart from the competition. You'll find 845 instruments, including currencies, stocks, indices, ETFs (and leveraged ETFs), precious metals, commodities, cryptocurrencies, and government bonds.
With AvaTrade, the MT4 and MT5 platforms are available for Windows and iOS devices. Its web trading platform is sleek, with advanced charting tools. Spreads are competitive and fixed, which can provide a more predictable trading environment, well-suited for beginners.
Customer service is excellent. Every time a question has arisen, we've been able to speak to a customer support agent easily through a local telephone number. Our queries were resolved within minutes. Support is available five days a week through various channels, including WhatsApp.
Read review
FxPro is a global CFD broker with an offshore entity in the Bahamas. Enjoy leverage up to 1:200 across Forex, indices and gold, 1:25 across stocks and 1:20 across crypto. You'll know you're registering with its offshore entity if the registration form mentions "Global Markets Limited".
- Likes
- CFDs on 2,000+ instruments.
- FxPro accepts all trading styles on MT4/5 and cTrader.
- Trade on fixed or floating spreads, with or without commission.
- Many deposit methods, including with crypto.
- Get daily trading signals from Trading Central.
- Dislikes
- You cannot trade CFDs on government bonds.
- Higher spreads on standard accounts than competitors.
If you are new to trading, open a Standard account with no minimum deposit, and floating spreads from 1.2 pips. As you gain experience, open its Raw+ account with spreads from $0 and low commissions for a $500 minimum deposit.
The educational content available on FxPro.com also caught our attention. You'll find learning paths for both beginners and advanced users, in the form of online courses, video tutorials and webinars.
It's hard to find fault with FxPro, a regulated broker with over 26 years of experience, and winner of 120+ awards commending the quality of its service.
Read review
Exness is a global broker with entities in 3 offshore countries. Trade swap-free across most markets, including Forex and crypto. If you open an account with this broker, you'll automatically fall under one of its entities in the Seychelles, the BVI or Curaçao.
- Likes
- CFDs on 96 Forex pairs.
- Swap-free trading is available across most instruments.
- Wide range of trading conditions, including raw spreads.
- Instant withdrawals in a wide range of currencies.
- Customer support available on a 24/7 basis.
- Dislikes
- No access to a compensation fund in the event of bankruptcy.
- No CFDs on agricultural commodities, ETFs or government bonds.
Exness is a broker you should consider if you're looking for a wide selection of currency pairs. Trade CFDs on over 90 pairs with flexible leverage, as well as the US Dollar Index. Most instruments are available to trade swap-free.
Exness also provides a wide range of trading conditions that will appeal to beginners and more experienced traders alike. Open a Standard account from a low $10 deposit to trade without commission, or opt for a zero-spread account for even lower fees.
Exness uses MetaTrader 4 and 5, as well as a web trading platform built around TradingView charts. If you're into technical analysis, you'll be able to customise charts with over 100 indicators and save them for later. Visit Exness.com to create an account and see for yourself what this broker has to offer.
Read reviewWhich offshore broker is right for you?
Unlike their regulated counterparts, offshore brokers typically provide higher leverage, and in some cases, financial incentives. However, they often offer fewer investor protections. The following discussion highlights brokers that may appeal to you, based on your experience and trading preferences.
Based on your experience
- Beginners: FXCC's MetaTrader 4 platform is the most user-friendly platform of all featured in this article. Its interface is noticeably less cluttered and easier to navigate than others. However, it offers little to no educational resources. Those interested in learning how to trade will need to look for trading courses and tutorials elsewhere.
- Advanced traders: Brokers like FxPro and FxPro will appeal to experienced traders through their support for advanced charting tools, automated trading capabilities, and virtual private servers. Importantly, both brokers support all trading styles and place no restrictions on your use of trading robots on MetaTrader 4, 5, and cTrader.
- Swing traders and day traders: will find FxPro' ECN trading environment and Raw account attractive. Day traders can also benefit from depth of market information available through a window in its MetaTrader 5 platform. This broker is the only broker in our panel to show depth of market information.
Based on your trading preferences
- Fast account opening: Brokers established in offshore jurisdictions often have more flexible account opening procedures. We were able to open accounts in under 5 minutes through most brokers listed in this article. RoboForex.com goes even further and allows anyone to start trading without proof of ID.
- Deposit bonus: FXCC.com offers a 100% bonus on your first deposit, subject to a US$ 2,000 cap. We were able to withdraw our trading profits immediately. It accepts all trading styles on the MetaTrader 4 platform, and is well suited to day traders. However, it doesn't accept clients from the USA, the European Union, and a handful of other countries.
- High leverage: If high leverage is your first priority, we suggest opening an account with 4xc.com. This broker offers leverage up to 1:500 across Forex, gold and silver, 1:200 across energy products, and 1:20 across cryptos. However, negative balance protection is only available across Forex and precious metals. This means that you could lose more money than you've invested if you trade outside of these asset classes.
- Negative balance protection: Internationally regulated brokers like FP Markets and FxPro.com offer negative balance protection to all clients, whichever entity they open an account with, even though no such requirement applies offshore. If this matters to you, we recommend focusing your search on one of these brokers.
Conclusion
Offshore brokers offer a number of advantages over regulated brokers, including higher leverage and faster account opening procedures. However, there are also some risks associated with trading through offshore brokers, such as the lack of access to a compensation fund(1). If you are planning on investing large sums of money, we suggest trading through several offshore accounts, rather than one, to protect yourself against your broker going bankrupt.
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About the author
I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers mentioned in this article. I started my career in investment banking in London as an FCA-approved person.
- 1. The Financial Commission. Compensation Fund. https://financialcommission.org/about/compensation-fund/