Offshore Forex brokers are retail forex brokers domiciled in a jurisdiction outside the U.S., not subject to the U.S. CFTC and/or NFA regulations.
Forex trading is 100% legal in the US, but the rules are stricter than in other countries:
- Limited trading instruments such as CFDs are not allowed at all.
- Maximum leverage 50:1 (2% margin) for major currencies, and 20:1 (5%) for minor currencies.
- The FIFO (first in, first out) rule allows no hedging. So you can’t simultaneously buy and sell a position in the same asset.
Because of this, the number of brokers accepting U.S. clients is limited.
The same goes for European residents who must comply with ESMA’s restrictions: maximum leverage of 1:30 and a stop-out level of 50%.
Although joining an offshore Forex broker is quite risky, at the same time provides more flexibility in trading.
p/s: Most of the brokers below accept crypto funding. You can buy crypto with fiat from a reputable exchange – click here.
1. Coinexx
Year Founded: 2017
Bonus: Yes
Copy Trade: Yes (MAM/PAMM)
Swap Free: None
Payment via Crypto: Yes
Min. Deposit: Only accept crypto – 0.001 BTC
Max. Leverage: 1:500
Spread: from 0.0 pips
Commissions: ~$2 per lot
Platforms: MT4, MT5, Mobile App, Web Trader
Margin Call/Stop Out Level: 70% / 50%
Trading Instruments: Forex, Commodities, Global Indices, Cryptocurrencies
TW: @COINEXX_
Website: https://coinexx.com/
2. EagleFX
Year Founded: 2021
Bonus: None
Copy Trade: Yes (MAM/PAMM)
Swap Free: None
Payment via Crypto: Yes
Min. Deposit: 50 USD
Max. Leverage: 1:500
Spread: –
Commissions: $6 per lot
Platforms: MT4, MT5, Mobile App, Web Trader
Margin Call/Stop Out Level: 100% / 70%
Trading Instruments: Forex, Cryptocurrencies, Commodities, Stocks, Indices, Futures
TW: @EagleFXTrading
Website: https://www.eaglefx.com/
3. LMFX
Year Founded: 2015
Bonus: Yes
Copy Trade: None
Swap Free: None
Payment via Crypto: None
Min. Deposit: 50 USD (Premium Account), 250 USD (Fixed Account), 100 USD (Zero Account)
Max. Leverage: 1:1000
Spread: from 0.2 (EURUSD)
Commissions: $4 per lot (Zero Account)
Platforms: MT4, Mobile App, Web Trader
Margin Call/Stop Out Level: 50% / 20% (Premium Account), 30%/15% (Fixed & Zero Account)
Trading Instruments: Forex, Indices, Commodities, Metals and Oil, Shares
TW: @LMFX_Broker
Website: https://lmfx.com/
4. LQDFX
Year Founded: 2008
Bonus: Yes
Copy Trade: Yes (PAMM)
Swap Free: Yes
Payment via Crypto: Yes
Min. Deposit: 20 USD
Max. Leverage: 1:500
Spread: from 0.7
Commissions: $2.5 per lot (VIP Account), $3.5 per lot (ECN Account)
Platforms: MT4, Mobile App
Margin Call/Stop Out Level: 50% / 20%, 50% / 30% (VIP Account)
Trading Instruments: FX, Indices, Commodities, Metals, Cryptos
TW: @lqdfxbroker
Website: https://www.lqdfx.com/