Brokers With No Identity Checks

Open an account in seconds and trade CFDs on Forex, cryptocurrencies and shares anonymously. Keep your trading activity anonymous, away from prying eyes.

Start trading in minutes, with no prior identity checks, when you fund your account with crypto. Easily buy crypto through its platform if you have none. PrimeXBT.com's trading platform 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
  • Incorporated: 2018

$40
deposit

1:1000
leverage

Market
execution

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 on MetaTrader 4.

  • Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
    * Availability subject to regulation.
  • Platforms: MetaTrader 4
  • Regulators: Dominica
  • Incorporated: NA

$10
deposit

1:500
leverage

Instant
execution

$10
deposit

1:500
leverage

Market
execution

Top 2 Brokers With No ID Checks in 2022

EagleFX

Trade 55 currency pairs, crypto-currencies as well as CFDs on commodities, stock indices and popular shares with flexible leverage up to 500 times your deposit. EagleFX.com supports the MetaTrader 4 trading platform, and accepts all trading styles, including hedging, scalping and news trading. Open an account from just $10 in USD, GBP, EUR or Bitcoin.

PrimeXBT

Trade 46 currency pairs, crypto-currencies as well as CFDs on precious metals, energies and stock indices with PrimeXBT.com. PrimeXBT's trading platform was voted "Best Platform for Margin Trading" in the 2020 ADVFN International Finance Awards. PrimeXBT only accepts crypto-currency deposits, in the form of Bitcoin, USDT or USDC. However, if you don't already own crypto-currency, you can buy some through its website with your credit card. Purchases are processed through CEX.io, an established crypto exchange.

Advantages

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 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 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.

Disadvantages

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 or PrimeXBT.com, 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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