An offshore forex broker can unlock trading opportunities that are simply not offered by regulated brokers. We’re highlighting the best offshore forex brokers in 2024 to help you find the online trading platform that’s right for you.Offshore forex brokers tend to offer higher leverage, more tradeable assets and products, but will very likely offer you fewer protections than you would get if you traded forex on a platform that’s regulated in your country. Let’s quickly go through some of the main advantages and disadvantages of using offshore forex brokers. Now, let’s get right into our selection of the best offshore forex brokers in 2024. SimpleFX is a trading platform available on desktop and mobile devices that allows traders to access a broad variety of markets, including forex, cryptocurrencies, commodities, indices and stocks. SimpleFX customers can trade via native desktop and mobile apps, or use MetaTrader 4. When it comes to forex, SimpleFX offers 60 currency pairs, catering both to traders who prefer to stick to the majors but also those who explore opportunities in exotics. The leverage offered by SimpleFX can range up to 1,000x, but the limit depends on the size of the account. The larger an account gets, the less leverage it can access, although accounts of any size can use leverage of up to 100x.A unique feature of SimpleFX which makes it stand out from the vast majority of other online brokers is that traders can fund their accounts or withdraw funds through Bitcoin on the Lightning Network, allowing for extremely fast and cost-effective transactions.SimpleFX has no minimum deposit requirements, which makes it a good option even for traders who would like to explore the markets while only putting a very small amount of capital at risk. Create SimpleFX AccountPrimeXBT is an accessible online trading platform where traders can get started with a minimum deposit of only $10. Traders on PrimeXBT can create a diversified portfolio of asset thanks to the platform offering trading in various asset classes ranging from forex and indices to commodities and crypto. Traders on PrimeXBT can enter larger trading positions, as the platform offers leverage of up to 1,000x on forex pairs. Bitcoin and Ethereum trades can be leveraged up to 200x, while the leverage limit is set too 100x for the other tradeable assets on PrimeXBT.PrimeXBT also excels in the user experience department, as it provides a fully customizable trading interface where every element can be resized and repositioned according the the user’s needs – this can be a significant boost to productivity, as it allows users to remove potentially distracting elements. Users can deposit funds to PrimeXBT with cryptocurrencies, or fiat currencies through AdvCash. PrimeXBT customers can also buy cryptocurrency with a credit card and directly fund their account in this way.Create PrimeXBT AccountOcta is a forex broker that has its own trading software called OctaTrader, but also supports integrations with the industry-standard MetaTrader 4 and MetaTrader 5 platforms. Although it’s primarily known as a forex broker, Octa also lists trading instruments that allow users to trade stocks, indices and commodities. The Octa platform excels in terms of user experience, and its accessibility is enhanced further by the fact that the minimum deposit requirement is set at only $25. Traders can fund their Octa accounts through various payment methods, with some examples including Neteller, Skrill, Mastercard and cryptocurrency. One of the strongest aspects of Octa’s offering is copy trading, which allows users to automatically mirror the moves made by more experienced traders. Users can stop copying a trader at any time if they’re not satisfied with their performance or simply want to use their funds in another way. Create Octa AccountBDSwiss is a broker that offers access to a variety of CFDs, allowing traders to participate in the markets for forex, commodities, stocks, indices and cryptocurrencies. The platform offers more than 250 different trading instruments in total. In terms of trading software, BDSwiss customers can use the broker’s native web and mobile applications, or opt for either MetaTrader 4 or MetaTrader 5. Traders on BDSwiss can inform their decisions with the help of research an education materials provided by the broker.BDSwiss users can access three different types of accounts: Classic, VIP and Zero-Spread. Classic accounts can be created with a minimum deposit of just $10, which makes the platform suitable even for novices who want to explore the world of trading while only using a small amount of capital. Zero-Spread accounts have a higher commission for trades but have no spread. One of the more unique features by BDSwiss is dynamic leverage, which is a tool that allows traders to adjust their leverage based on their total exposure to the position. Create BDSwiss AccountAvaTrade is an online trading platform that offers trading in multiple financial assets, including forex, commodities, indices, stocks, cryptocurrencies, and others. One of the platform’s defining features is its comprehensive selection of CFDs, which positions it as a leading broker in the CFD sector.AvaTrade caters to traders of all levels by offering a variety of account types suited to different trading experiences and investment amounts. The platform provides demo accounts, which beginners can use to get accustomed to the trading interface without taking on any risks. Demo trading can also be interesting for experienced traders who want to try out new trading strategies.The AvaTrade platform supports MetaTrader 5 and enables trading across a wide range of asset categories. It comes with advanced features like auto trading systems and copy trading, which is particularly helpful for novice traders.Customers of AvaTrade are encouraged to create their custom indicators and scripts to tailor their trading strategies. Moreover, it offers an advanced set of technical tools for in-depth market analysis and enables the use of automated trading strategies via Expert Advisors.Create AvaTrade AccountAMarkets is an online trading platform that provides access to a variety of assets such as forex pairs, ETFs, stocks, indices, commodities, and cryptocurrencies. It offers leverage of up to 3,000:1 for certain trading instruments, which is among the highest leverage options available in the trading industry as a whole.To serve all types of clients, AMarkets offers four unique types of trading accounts: Standard, Fixed, ECN, and Crypto. The Standard account, known for its appeal to a broad audience, features variable spreads, sets a minimum deposit requirement of $100, and provides the option for traders to execute orders instantly or at market prices.Aligning with current trends in the forex trading sector, AMarkets incorporates a copy feature function and allows for deposits in a variety of cryptocurrencies, including Bitcoin and a range of stablecoins.Create AMarkets AccountOffshore forex brokers can allow you to access higher leverage or trade assets that aren’t listed by brokers that are regulated in your country. However, it’s important to keep in mind that users of offshore forex brokers are not as well protected as users of regulated platforms, and there is also a higher risk of fraud. If you are looking for offshore forex brokers, you will also likely find some good options on our list of the best unregulated forex brokers.
