Best Offshore Brokers
If you're looking for a high leverage offshore trading account, look no more. Here's our selection of the best award-winning offshore brokers, spanning Forex, crypto, stocks and CFDs.
You may open an account with these brokers wherever you live, except if you live in the United States, Iran, North Korea and a handful of other countries. When further restrictions apply, we'll make this clear.
Top 5 Offshore Brokers
- 1. JustForex (Seychelles)
- 2. FP Markets (St Vincent)
- 3. AvaTrade (BVI)
- 4. HYCM (St Vincent)
- 5. FxPro (Bahamas)
Offshore Broker Reviews
1. JustForex (Seychelles)
JustForex.com, registered in the Seychelles, is our #1 offshore broker. We like that you can leverage up to 3,000 times across all asset classes: Forex, metals, indices, shares, energies and even cryptocurrencies. JustForex accepts all trading styles and Expert Advisors on the MetaTrader 4 and 5 platforms. Perhaps it's no surprise that it was voted Best Broker in Asia 2022 in the UF Awards.
JustForex accepts deposits and withdrawals in a wide range of fiat and crypto-currencies. Crypto-currencies include Bitcoin, Ethereum as well as stablecoins like Tether (USDT), Circle (USDT) and Binance USD (BUSD). The minimum deposit is just $5 across most funding methods.
However, please note that JustForex.com cannot provide services to residents of Australia, Canada, the EU (and EEA), Japan, the UK and the USA. If you live in any of these countries, we recommend the following broker.
2. FP Markets (St Vincent)
FPMarkets.com is our #2 offshore broker, also operating from the island of Saint Vincent and the Grenadines. With FP Markets, you can trade CFDs on Forex, crypto-currencies, commodities, indices and thousands of stocks. Leverage up to 500 times on Forex and gold, 100 times on indices, 20 times on stocks but just twice on crypto-currencies. FP Markets offers a true ECN trading environment with tight spreads and fast execution speeds.
FP Markets' huge selection of stocks sets it apart from other offshore brokers featured in this article. You can trade CFDs on 8,000 stocks listed in the US, UK, Australia, Hong Kong and even Singapore. However, you should note that its extensive selection of stocks is only available through its IRESS trading platform. FP Markets also provides the MetaTrader 4 and 5 trading platforms, but doesn't offer as extensive a selection of stocks there.
FP Markets accepts all trading styles on the MetaTrader 4 and 5 trading platforms, without exception. If you're looking to write your own automated trading scripts, you'll be glad to learn that you can host them directly from its New York datacenter. FP Markets will even cover the cost of your VPS if you deposit at least US$ 1,000 dollars (or an equivalent amount), and meet relatively low monthly trading volume requirements.
Click here to open an offshore trading account with FP Markets. You’ll know you're on the right page if the registration form mentions St Vincent and the Grenadines.
3. AvaTrade (BVI)
AvaTrade.com is our 3rd best offshore broker, operating from the British Virgin Islands (BVI). We like that AvaTrade allows you to trade CFDs over 1,000 instruments, across a large number of markets. Leverage up to 400 times on Forex, 200 times on indices, 200 times on gold and 25 times on crypto-currencies.
AvaTrade also offers the MetaTrader 4 and 5 trading platforms, and accepts all trading styles, except arbitrage. AvaTrade has partnered with Trading Central, the technical analysis platform, to embed trading ideas and signals directly within its trading platform. To access these signals, simply fund your account.
Click here to open your offshore account with AvaTrade in the BVI. You'll know you're on the right website when the word "Global" appears at the top of the page.
4. HYCM (St Vincent)
HYCM is another international broker operating from St Vincent and the Grenadines. You can trade CFDs on 300 instruments across a wide range of asset classes. Leverage up to 500 times across Forex, 200 times across indices and gold, 20 times across individual stocks and 5 times across crypto-currencies.
We like that HYCM also supports the MetaTrader 4 and 5 platforms, and allows all Expert Advisors, except those with a focus on scalping. It offers 3 different trading accounts: one with fixed spreads, another with variable spreads and the third with raw-spreads, plus commission.
Click here to open an offshore account with HYCM. Our link will take you straight through to the offshore account registration page, which isn't easily available on its website. You’ll then be prompted to choose between its offshore website and its European one.
5. FxPro (Bahamas)
FxPro.com also gives you the ability to open an account offshore, in the Bahamas. You can trade CFDs on 260 instruments across 6 asset classes. Leverage up to 200 times across Forex, indices and gold, 25 times across individual stocks and 20 times across crypto-currencies. FxPro has won numerous awards commending the quality of its service.
We like that FxPro offers a wide range of trading platforms and trading conditions. For example, you could trade on fixed spreads with instant execution on MetaTrader 4, if you are looking for certainty of pricing. Trade on variable spreads on MetaTrader 5, with depth of market information. Or trade on razor-thin spreads plus commission through cTrader, if you’re looking for market execution.
Click here to open an offshore account with FxPro in the Bahamas. This link will take you straight through to the account opening page. You'll know you're registering with the Bahamian entity when "FxPro Global Markets Ltd" appears at the bottom of the page.
Before you sign-up, you should be aware that none of these offshore jurisdictions offers investor compensation schemes. Should any of these brokers go bankrupt, you could stand to lose all or part of the money you have invested. If this is a concern to you, why not open offshore trading accounts with multiple brokers, or chose one that is also regulated in the UK, the EU or Australia.
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