Best Offshore CFD Forex Brokers

logomark Filippo Ucchino calendar Last Updated: December 2021 timer 8 min read
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If you are considering trading CFDs then you will definitely want to check out our best forex brokers guide that features many of the top choices in the industry.

It is possible you may want to trade with an offshore broker for more flexibility and other benefits they can offer. Look no further than this guide to learn more about offshore CFD brokers and what they can offer. We will look at exactly what they are, and offer our best broker choices below.

Let’s get started.

Table of contents

What is an Offshore CFD Broker?

An offshore broker by definition is a broker or branch of a broker located and regulated within a jurisdiction that is outside your home country.

When it comes to offshore CFD brokers, certain locations are well-known as offshore as they represent a tax haven. These include the Bahamas, Belize, Seychelles, Cayman Islands, Mauritius, and Vanuatu. In these areas you will find there is no capital gains tax, while the brokers themselves often have different offerings in different regulatory areas.

Is it legal to trade with Offshore Brokers?

It is perfectly legal to trade with an offshore CFD broker. They are simply located outside the area of a major regulatory body. This does not mean they are unregulated in any way, even if some unregulated brokers may be out there. The brokers we feature below are all well-regulated.

These brokers are regulated by the bodies within that country and they are also able to accept international traders

Best Offshore CFDs Brokers for 2022

Here is everything you need to know about our best offshore CFD brokers for 2022:

FBS is our first broker choice. They are well-regulated by the IFSC in Belize and operate as an ECN/STP broker and are an extremely popular choice with many in this industry. Here you will find a demo account right away that is valid for 90-days. When you are ready to trade, there is no minimum deposit required.

The cost of trading could not be better. Spreads can even start at -1 pips. You will be able to trade with some of the best platforms in the business including MT4, MT5, FBS Trader, and FBS CopyTrading while there are more than 100 assets to choose from and leverage that can reach 3000:1.

Under IFSC regulation, FBS does offer negative balance protection which is a positive, and their fixed and negative spreads remain hugely appealing to all, particularly scalpers.


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74-89% of retail CFD accounts lose money

XM is another powerhouse broker name offering offshore CFD trading. They too are regulated by the IFSC in Belize and are a market maker broker. The XM demo account you can try out before trading live is unlimited, and their minimum deposit of just $5 keeps them open to all types of traders.

Spreads at XM remain very competitive also. These start from 0 pips and both MT4 and MT5 trading platforms are available for you to trade some of the more than 1,000 assets the broker has to offer. Leverage here is also extensive with a maximum amount of 888:1 available.

Under IFSC regulation, XM continues to offer negative balance protection and they are an extremely popular broker choice for all traders with a particularly helpful education section and the ability to open a fully Shariah compliant Islamic account.


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73.57% of retail investor accounts lose money

HotForex are an extremely trusted and well-reputed offshore CFD broker choice. They are an ECN/STP broker and regulated by the FSA in the Seychelles. Again, their demo account you can open is unlimited and the minimum deposit is very low starting at just $5.

You will also find excellent value in terms of the spread. This starts from the very bottom at 0 pips while you can trade through MT4, MT5, and the HF Copy platforms. The broker offers more than 100 assets for you to trade with leverage that can reach a maximum of 1,000:1.

Under FSA (Seychelles) regulation, HotForex does not offer negative balance protection so it may be possible to lose more than you initially deposit.


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71.64% of retail investor accounts lose money

FP Markets is our next offshore CFD broker choice. They are an ECN/STP/DMA broker regulated within the SV jurisdiction. The FP Markets demo account you will have access to is also unlimited so you can get to know the broker in your own time. The minimum deposit requirement is also good value at just $100 to get started.

The cost of trading here is excellent with the FP Markets spread starting from 0 pips. You will have the ability to trade through a range of top platforms with MT4, MT5, and IRESS Trading all available. The offshore leverage maximum for global clients here is 500:1 and they have a huge number of assets, more than 10,000 in total you can choose from.

Under SV regulation, FP Markets does continue to offer negative balance protection to traders along with many of their other top features.


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74-89% of retail CFD accounts lose money

XTB is another top broker regulated offshore by the IFSC. They are a DMA Market Maker broker and you will find a demo account available that you can try out for 30 days before deciding if you would like to trade live. If you do, there is no minimum deposit requirement.

The cost of trading with XTB is kept as low as possible and spreads start from 0 pips. You will be able to trade using the respected xStation5 platform and have access to a maximum leverage of 500:1 on many of the more than 2,100 assets the broker offers for trading. Trading under IFSC regulation with XTB, you will retain access to negative balance protection.


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73% of retail investor accounts lose money

Tickmill is a top CFD broker regulated offshore by the FSA and operating as an STP/Market Maker broker. They offer a demo account that is unlimited so easy for you to get started, and a low minimum deposit when you want to live trade. This minimum deposit is just $100.

When trading you will find a great value spread from 0 pips and excellent trading platforms on offer with MT4, MT5 (EU, UK), and TradingView (UK) all available depending on location as shown. The maximum Tickmill leverage offshore is 500:1 and you can trade in more than 80 assets. Under FSA regulation you will also still have negative balance protection from the broker.


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73% of retail investor accounts lose money

Pepperstone is an ECN/STP broker known and popular around the world. They are highly respected and regulated by many jurisdictions worldwide. One of these is offshore from the SCB regulator. Here you will find their demo account is unlimited and the minimum deposit when you do want to start trading live is $0.

As always, trading costs at Pepperstone are minimal, spreads start from 0 pips and you will have access to a maximum leverage of 200:1 when trading offshore as well as top trading platforms from MT4, MT5, and cTrader where you will find more than 180 assets to trade.

Under SCB regulation, Pepperstone still offers negative balance protection and remains a top choice as it does around the world for scalping thanks to the lightning-fast execution speeds on offer.


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74-89% of retail investor accounts lose money when trading CFDs

IC Markets is another top broker respected and regulated around the world. Offshore they are regulated by the FSA. IC Markets is an ECN broker where you will find an unlimited demo account and a very accessible minimum deposit which starts from $0.

Spreads here at IC Markets start from 0 pips and you will have access to the very best trading platforms in the industry with MT4, MT5, and cTrader all there. The offshore leverage maximum for global clients with this broker is 500:1 and there are more than 200 assets to choose from.

Negative balance protection is unfortunately not offered by IC Markets under FSA regulation, but they are still a hugely trusted choice popular in particular with scalpers thanks to extremely fast execution speeds.


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74-89% of retail CFD accounts lose money

Roboforex is our next choice as one of the best offshore choices for trading CFDs. They are an STP/Market Maker broker regulated by the IFSC in Belize who offer an unlimited demo account and have a very low minimum deposit requirement of just $10 for live trading.

The spread here starts from rock bottom too at 0 pips with access to the MT4, MT5, and cTrader trading platforms. Their maximum leverage is huge at 2000:1 depending on the assets traded and the range of asset choice is also massive with more than 12,000 available. Negative balance protection under IFSC regulation is also still available for traders with Roboforex.


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61.41% of retail CFD accounts lose money

Last on the list but still a wonderful and very well-trusted choice is AvaTrade. They are regulated around the world with offshore regulation coming from the FSA in the British Virgin Islands. They are a market maker broker and here you will find a demo account you can use for 21-days to get to know the broker. The minimum deposit when you are ready is just $100.

Spreads here too are excellent value from 0.9 pips with Avatrade being well-known as one of the few to offer fixed spreads. You will be able to trade through MT4, MT5, AvaTradeGO, AvaOptions, and AvaSocial trading platforms depending on your needs and have access to a max leverage of 400:1 with an asset choice of more than 200 available.

Under FSA (BVI) regulation, AvaTrade continues to offer negative balance protection as standard.


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79% of retail investor accounts lose money

Round-up of the best offshore CFDs brokers

The table below can help you compare key figures when it comes to each broker we have featured.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Offshore CFD brokers Minimum deposit Offshore regulation Leverage Total number of assets
FBS $1 IFSC 1:3000 100+
XM $5 IFSC 1:888 1.000+
HotForex $5 FSA, SV 1:1000 100+
FP Markets $100 SV 1:500 10.000+
XTB $0 IFSC 1:500 2.100+
Tickmill $100 FSA 1:500 80+
Pepperstone $0 SCB 1:200 180+
IC Markets $0 FSA 1:500 200+
Roboforex $10 IFSC 1:2000 12.000+
AvaTrade $100 FSC (BVI) 1:400 200+

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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