Best Offshore Forex Brokers

logomark Filippo Ucchino calendar Last Updated: December 2021 timer 7 min read
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At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.

So, are you considering trading with an offshore forex broker? Excellent.

Our listing of best forex brokers is a great starting point for more information on some top brokers who you will also find are some of the best offshore forex brokers mentioned below.

Here we will guide you through the very best offshore broker choices for 2022 and everything they have to offer so you can make the perfect choice for your trading needs.

Let’s get started.

Table of contents

Best Offshore Forex Brokers for 2022

Here is the full lowdown on all of the best offshore forex brokers 2022 that we have found.

The first to feature is FBS. They are a very well-known and respected ECN/STP broker regulated by the IFSC in Belize. At FBS you will be able to get started with an excellent risk-free demo account that is valid for 90-days.

After that, you will enter a very appealing trading environment where the minimum deposit is $0 and spreads can start even in negative numbers from -1 pips. You will also have access to the best trading platforms in the business including MT4, MT5, FBS Trader, and FBS CopyTrading. The leverage allowed here can reach up to 3000:1 and there are 35 forex pairs to trade.

Under IFSC regulation, FBS still offers negative balance protection, and they are a particularly popular choice with scalpers who love the low and even negative spreads that can also be fixed.


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74-89% of retail CFD accounts lose money

AvaTrade is another top broker with offshore regulation also in place. This comes from the FSA on the British Virgin Islands. AvaTrade is a well-respected market maker broker and you can also access a demo account here that is valid for 21-days use.

Following this, you can get started with the broker for a minimum deposit of $100 and with a spread that starts from 0.9 pips. You will be able to trade through MT4, MT5, AvaTradeGO AvaOptions, and AvaSocial platforms with offshore leverage applied to global clients that can reach a maximum of 400:1. There is a total of 60 forex pairs available to trade here.

Under FSA (BVI) regulation, AvaTrade still offers negative balance protection and is very well-known for being one of the few brokers to offer fixed spreads trading.


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79% of retail investor accounts lose money

A world-renowned broker, Pepperstone also has an offshore regulation in place from the SCB. They are one of the best-known ECN/STP brokers offering lightning-fast execution speeds ideal for scalping.

Pepperstone offers an unlimited demo account matched by a minimum deposit of $0 when you do decide to start live trading. This keeps them accessible to all traders and the spreads here too start from 0 pips. You will be able to trade through MT4, MT5, or cTrader platforms. The maximum leverage available as an offshore global client here is 200:1 with 61 forex pairs to trade. Negative balance protection is also still offered under SCB regulation.


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

XM is our next offshore regulated broker choice with regulation coming from the IFSC for this market maker broker. You will find an unlimited demo account here and a great value minimum deposit of just $5 when you are ready to start live trading.

The spread at XM is also excellent and starts from 0 pips with trading offered through the top MT4 and MT5 trading platforms. Extensive leverage of as much as 888:1 is possible as a global client offshore with 57 fx pairs to choose from.

Under IFSC regulation, the broker still provides negative balance protection as well as a top-quality education section and fully compliant Islamic account if you need one.


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73.57% of retail investor accounts lose money

Axi is our next broker choice with offshore regulation in place. They are well-regulated offshore by the SV regulator and run a transparent and trusted operation. This ECN broker makes a demo account available for 30 days and you will find there is no minimum deposit requirement in live trading.

Trading costs are also very good value with the spread starting from 0 pips. Trading is available through a number of platforms including MT4, Axi Psyquation, and AxiOne. You will have your choice of more than 70 FX currency pairs to trade in total and leverage that can stretch to 500:1 in some cases. Negative balance protection is still offered as standard too under SV regulation.


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69.6% of retail investor accounts lose money

FXPro is a world-famous broker and they also have offshore regulation in place courtesy of SCB. They are a no-dealing desk broker that uses an agency model and they also offer an unlimited demo account you can use. For live trading, the minimum deposit remains low at $100 to get started.

The spreads with FXPro as with many others start from 0 pips with access to MT4, MT5, cTrader, and the proprietary FxPro Edge trading platforms. You will find more than 70 forex pairs you can trade and leverage that can go as high as 500:1 for global clients trading under offshore regulation.


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75.54% of retail investor accounts lose money

OctaFX is an extremely popular broker choice who have offshore regulation in place from the SV regulator. They are also well-trusted and operate as an ECN/DMA broker where you will find an excellent unlimited demo account and a minimum deposit from only $5.

The OctaFX spreads also represent a great value starting point from 0 pips while you will have access to all the top trading platforms including MT4, MT5, and cTrader. The leverage available for global clients with OctaFX is as much as 500:1 and there is a total of 28 forex pairs possible for you to trade.

Under SV regulation, OctaFX continues to offer negative balance protection and the best protection to you as a trader.


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74-89% of retail CFD accounts lose money

IC Markets are another top forex broker that has offshore regulation in place, this time from the FSA. This ECN broker also offers an unlimited demo account to try out and operates with a minimum deposit of $0 on live trading.

Spreads here are extremely competitive and start from 0 pips with MT4, MT5, and cTrader available as your trading platform choices. The offshore leverage available for global clients is 500:1 and there are more than 60 forex pairs in all to choose from.

Under FSA regulation, IC Markets does not offer negative balance protection but they do provide extremely fast execution speeds that are popular with scalpers and many other types of traders.


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74-89% of retail CFD accounts lose money

Plus500 is our next choice as one of the best offshore brokers. They are regulated by the SFSA and are a market maker broker. Here you will have the ability to try out an unlimited demo account first, and if you want to get into live trading you will find a $100 minimum deposit.

Spreads at the broker are low and competitive from 0.6 pips depending on the asset and you will be able to trade through their own proprietary trading platform which is very user-friendly. The broker makes leverage of up to 300:1 available for global clients under SFSA regulation but you will not retain access to negative balance protection under this regulation.


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72% of retail investor accounts lose money

Last but not least when it comes to top offshore brokers, is HotForex. They are a well-respected ECN/STP broker and offer an unlimited demo account as many of our mentioned brokers do. Their minimum deposit of only $5 also means they remain highly accessible.

The spread here starts from the very bottom at 0 pips depending on the asset, and you will have access to MT4, MT5, and the HF Copy trading platforms. Massive leverage of up to 1000:1 is possible as an offshore global client though under FSA, and SV regulations, HotForex does not offer negative balance protection. They do, though, remain hugely popular with traders for the many features they offer and trusted reputation.


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71.64% of retail investor accounts lose money

Round-up of the best offshore forex brokers

In the table below you can handily compare each of the key metrics on all of the brokers we have featured above as top offshore broker choices.

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 brokers Minimum deposit Offshore regulation Leverage Negative balance protection
FBS $1 IFSC 1:3000 Yes
AvaTrade $100 FSC (BVI) 1:400 Yes
Pepperstone $0 SCB 1:200 Yes
XM $5 IFSC 1:888 Yes
Axi $0 SV 1:500 Yes
FxPro $100 SCB 1:500 Yes
OctaFX $5 FSA 1:500 Yes
IC Markets $0 FSA 1:500 No
Plus500 $100 FSA 1:500 No
HotForex $5 FSA, SV 1:1000 No

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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