Best Offshore Brokers

Published on 17/12/2023

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


4.8 / 5 FP Markets

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 FP Markets LLC.

fp-markets-registration-form.webp

4.6 / 5 FxPro
79.28% of retail CFD accounts lose money

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 FxPro's registration form mentions "FxPro Global Markets Limited".

fxpro-offshore-registration-form.webp

4.7 / 5 AvaTrade
77.82% of retail CFD accounts lose money

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, AvaTrade's account opening form will prompt you to choose an entity.

avatrade-registration-form.webp

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:

OverallMarketsTrading environmentDeposits and withdrawalsInvestor protectionCustomer service
FP Markets 4.8 5.0 4.9 5.0 4.0 5.0
FxPro 4.6 4.1 4.9 4.6 4.8 4.7
AvaTrade 4.7 5.0 4.2 4.7 4.8 5.0
FXCC 4.0 4.0 4.2 4.4 3.8 3.8
NordFX 3.4 3.0 4.2 3.2 2.0 4.6
Forex (CFD)Cryptos (CFD)*Stocks (CFD)Indices (CFD)ETFs (CFD)Metals (CFD)Energy (CFD)Commodities (CFD)Bonds (CFD)
FP Markets 72121000164617452
FxPro 702713718844
AvaTrade 5514612233191072
FXCC 7181262
NordFX 331323423
MT4Copy tradingMT5cTraderTradingView
FP Markets
FxPro
AvaTrade
FXCC
NordFX
Bank transferBroker to broker transferCredit cardDebit cardBTC (Bitcoin)USDT (Tether)NETELLER *Skrill *Binance Pay
FP Markets
FxPro
AvaTrade
FXCC
NordFX
AustraliaBahamasCyprus (EU)NevisSouth AfricaSt. Vincent & the GrenadinesUAEUKVanuatu
FP Markets
FxPro
AvaTrade
FXCC
NordFX

* 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.



4.8 / 5 FP Markets

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 FP Markets LLC.

  • Likes
  • Flexible leverage up to 1:500.
  • Trade over 1,000 financial instruments.
  • Trade on MT4/5 or cTrader without restrictions.
  • Copy trading service is available.
  • Customer support is available 24/7.
  • Dislikes
  • No TradingView integration is available for now.
  • No investor compensation fund in the event of bankruptcy.
Our take on FP Markets

We've traded through this broker's MT5 Raw account and can vouch for its low spreads and reliable trading environment. Its Raw account is designed for day traders and scalpers, and its Standard account will suit all others.

We also like the breadth of instruments available through its platform. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros and Aussie dollars. 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. Fund your account to get access to trading signals from Trading Signal and Autochartist. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.


4.6 / 5 FxPro
79.28% of retail CFD accounts lose money

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 FxPro's registration form mentions "FxPro Global Markets Limited".

  • Likes
  • CFDs on 250+ 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 crypto and broker-to-broker transfers.
  • Get daily trading signals from Trading Central.
  • Dislikes
  • You cannot trade CFDs on ETFs or government bonds.
  • Copy trading isn't available.
Our take on FxPro

It's hard to find fault with FxPro, a broker with a 20-year track record. We've traded through FxPro's Raw account and enjoy the razor-thin floating spreads and low commissions. This account, which comes with a $1,000 minimum deposit, will appeal to experienced traders.

If you're new to trading, you could also open a Standard account with a low $100 deposit. You'll enjoy a more predictable trading environment with fixed, albeit wider, spreads. In short, FxPro is a platform you can grow into as you gain experience.

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.


4.7 / 5 AvaTrade
77.82% of retail CFD accounts lose money

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, AvaTrade's account opening form will prompt you to choose an entity.

  • Likes
  • Over 750 financial instruments on MT4/5.
  • Get free daily trading signals.
  • Easily copy professional traders.
  • No fees on deposits or withdrawals.
  • Get one-on-one assistance when you deposit US$1,000.
  • Dislikes
  • You cannot trade on raw spreads.
  • Quarterly and annual inactivity fees.
Our take on AvaTrade

The breadth of assets available to trade through its platform sets AvaTrade apart from the competition. You'll find over 750 instruments, including currencies, stocks, indices, ETFs (and leveraged ETFs), precious metals, commodities, cryptocurrencies, and government bonds.

AvaTrade supports the MT4 and MT5 platforms, available for Windows and iOS devices. Its web trading platform is sleek, with advanced charting tools. AvaTrade's spreads are competitive and fixed, which can provide a more predictable trading environment, well-suited for beginners.

Its customer service is excellent too. 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. AvaTrade support is available five days a week through various channels, including WhatsApp.


4.0 / 5 FXCC

FXCC is an offshore broker established in 2010 in Nevis. Enjoy leverage up to 1:500 across Forex, gold, silver, energy and more. You'll know you're registering with its offshore entity if FXCC's registration form mentions "Central Clearing Ltd".

  • Likes
  • 100% bonus on your 1st deposit (up to US$2,000).
  • Flexible leverage up to 1:500.
  • All MT4 Expert Advisors are allowed.
  • No fees on deposits.
  • No minimum deposit.
  • Dislikes
  • FXCC only supports MetaTrader 4.
  • Withdrawal fees apply across some, but not all, funding methods.
Our take on FXCC

We particularly like FXCC's high leverage (up to 1:500) available across all currency pairs, gold, silver, stock indices and energy products. It offers negative balance protection, for added peace of mind.

Its MetaTrader 4 integration provides a smooth trading experience, with no lags and only minimal slippage. It accepts all trading styles and Expert Advisors, including scalping robots, without restrictions. We look forward to the day when FXCC will support MT5.

As FXCC offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings. Its ECN XL account has no commission. However, FXCC will apply a $5 mark-up per lot, per side, if you open an account through us.


3.4 / 5 NordFX

NordFX is a fully offshore Forex broker serving traders since 2008. Trade CFDs on 33 currency pairs, crypto and more with flexible leverage up to 1:1,000 only on MetaTrader 4. Start trading in minutes without any identity checks.

  • Likes
  • High leverage up to 1:1000.
  • Copy trading and PAMM accounts are available.
  • Start trading without ID.
  • Dislikes
  • NordFX offers fewer instruments than other brokers.
  • NordFX only supports the MT4 platform.
  • Withdrawal fees apply.
Our take on NordFX

NordFX is one of few brokers that allows anyone to open an account and trade without having to provide proof of identity. However, you'll need to verify your identity later, upon raising a withdrawal request.

NordFX offers leverage up to 1:1000 across currencies and precious metals. However, as it reserves the right to adjust the maximum leverage based on market conditions, you could be surprised by a margin call if you use high leverage.

NordFX processes deposits and withdrawals fast, including on weekends. However, inconsistencies between deposit and withdrawal methods have been a source of frustration for us. Withdrawal fees, in the region of 4% for Visa and Mastercard, are a negative.

Which 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.com'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, FXCC 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 FP Markets and FxPro.com will appeal to experienced traders through their support for advanced charting tools, automated trading capabilities, and virtual private servers. Importantly, FP Markets and FxPro 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 FP Markets' 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. In our experience, FPMarkets.com 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. NordFX.com and RoboForex.com go even further and allow 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. However, FXCC doesn't accept clients from the USA, the European Union, and a handful of other countries. Additionally, FXCC only supports the MetaTrader 4 platform, which may not be your first choice if you are an advanced trader.
  • High leverage: If high leverage is your first priority, we suggest opening an account with NordFX.com. This broker offers leverage up to 1:1,000 across Forex and precious metals. However, NordFX is a fully offshore broker with no negative balance protection. This means that you may end up losing more money than you've invested if the markets move against you. We also experienced higher than usual withdrawal fees across funding methods.
  • Negative balance protection: Internationally regulated brokers like FP Markets, FxPro, and AvaTrade 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. In addition, these brokers offer high leverage, up to 1:500, in the case of FPMarkets.com through their offshore entities.

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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Author

About the author

I'm St├ęphane, 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 on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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