Forex Brokers Without ID Verification
Open an account in seconds with a broker that doesn't need verification, and trade CFDs on Forex, cryptocurrencies and shares anonymously.
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Start trading in minutes, without ID verification, from a low $250 deposit with leverage up to 1:1000. PrimeXBT.com was voted "Best Platform for Trading with Leverage" in 2020 and "Best Crypto and Forex Broker" in 2019.
- Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: Copy trading, Mirror trading
- Regulators: Saint Vincent and the Grenadines
Trade Forex as well as CFDs on cryptocurrencies, stocks, indices and commodities with an STP/ECN broker. EagleFX (EagleFX.com) allows all trading styles and Expert Advisors the MetaTrader 4 platform.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MetaTrader 4
- Regulators: Dominica
No KYC Forex Brokers in 2023
Start trading in minutes without ID verification on PrimeXBT.com ($250 min. deposit). PrimeXBT was voted "Best Platform for Margin Trading" in the 2020 ADVFN International Finance Awards. Trade over 40 currency pairs, crypto-currencies as well as CFDs on precious metals, energies and stock indices with flexible leverage up to 1:1000. PrimeXBT only accepts BTC, ETH, USDT or USDC deposits. However, you may also use your credit card to buy crypto through its website to fund your deposit.
Start trading in minutes and anonymously with EagleFX.com. Trade 55 currency pairs, crypto-currencies as well as CFDs on commodities, stock indices and stocks with flexible leverage up to 1:500. EagleFX.com supports the MetaTrader 4 platform, and accepts all trading styles, including hedging, scalping and news trading. Open an account from just $10 when you fund your account with BTC, or $50 when you fund your account through a bank transfer or credit card.
Speed: with EagleFX and PrimeXTB, you can open an account in seconds and fund your account immediately after that. This will allow you to seize trading opportunities, when speed is a key consideration. In contrast, most brokers will require that you provide proof of identity and proof of address, which may also may need to be certified.
Anonymity: you'll be anonymous to your broker as they require neither proof of identity nor proof of address. If you trade with EagleFX.com ($10 to $50 min. deposit) you'll only need an email address and a telephone number to verify your account. If you trade with PrimeXBT, you'll only need an email address and may add Two-Factor Authentication for enhanced security. You should note that both brokers reserve the right to subsequently request further documents in order to meet anti-money laundering requirements.
Privacy: because neither EagleFX nor PrimeXBT.com ($250 min. deposit) require tax identification numbers, your trading activity and any profits will remain private. It is, however, your responsibility to ensure that any taxes due are paid.
Lack of transparency: brokers without ID checks, also called "Know Your Customer" checks, are typically incorporated in countries with weak governance standards. This means that you may struggle to find out who owns and is running these businesses.
Lack of protection: brokers with no KYC checks are typically incorporated in countries without investor compensation funds. This is the case with EagleFX and PrimeXTB, who operate from Dominica and St. Vincent and the Grenadines respectively. This means that you could lose the entirety of your balance, in the unlikely event of your broker's bankruptcy. In contrast, investors who trade through brokers regulated by the FCA or CySEC are automatically eligible for protection, up to a certain amount.
Risk of fraud: crucially, you will need to trust your broker to do the right thing. For this reason, we suggest trading through established players like EagleFX.com ($10 to $50 min. deposit) or PrimeXBT.com ($250 min. deposit), as both have achieved recognition in their industry. You may also want to open an account with more than one broker in order to diversify your investments.
If you open an account with either, post a message in our forums to share your experience with others. Both companies will also reward you financially for referring other users.
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