Best Offshore Forex Broker

Best Offshore Forex Broker

Best Offshore Forex Broker Comparison Table
Online BrokerMinimum DepositTrading PlatformsMaximum LeverageCountry
$200MT4, MT5500:1Cayman Islands (CIMA Regulated)
$10MT4, MT5, cTrader, R Trader2000:1Belize (IFSC Regulated)
$300MT4, ZTP500:1St. Vincent and the Grenadines
$100MT41000:1Bermuda
$100MT4500:1Bermuda
$200MT4500:1Vanuatu (VFSC Regulated)

Best Offshore Forex Broker

An offshore Forex broker can be defined as a broker offering Forex trading which is not regulated by the major regulatory bodies. If a trader is located within the remit of a regulator they should trade with a broker located within this region.

If a trader is not located within these regions, then they might consider opening an account with an offshore Forex broker. In practice this typically means that the broker is based or has a branch in a country in the Caribbean region or the Indian Ocean (hence the term 'offshore', as many of these are in fact islands, although in the table above, Belize is not an island but it is located by the Caribbean Sea).

Some brokers which are regulated by the major regulatory bodies may also have an offshore branch where they send traders who are not within the remit of these bodies. The brokers may be regulated by the regulatory body within the country, or they may not (if they are regulated, the regulatory body is listed in the table). These brokers also offer high leverage, however increasing leverage increases risk.

What is the best broker depends on a range of factors, including the type of trading used by the trader. One potential way to think about what the right broker may be is by the online trading platforms offered as each platform has different layouts and functionality which may suit the trader to a greater or lesser extent.

As may be seen from the comparison table, all of these brokers offer MetaTrader 4 (MT4). This is a third party platform available at many brokers which offers features for both the trader who executes their own trades and the trader who wants to use or build online trading robots. Some of the brokers provide the successor to MT4, MetaTrader 5 (MT5).

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