Best Offshore Forex Broker

Best Offshore Forex Broker

Best Offshore Forex Broker Comparison Table Comparison Table
Online BrokerMinimum DepositTrading PlatformsMaximum LeverageCountry
$10MT4, MT5, cTrader, R Trader2000:1Belize (IFSC Regulated)
$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 may 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).

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. All of these brokers offer the MT4 trading platform, and provide a range of account types.

Search this site

Translate