5 Best Offshore Forex Brokers that Accept US Traders – Rated and Reviewed. We have listed the Best Offshore Forex Brokers that accept clients in the United States.
In this in-depth guide you will learn:
- The Best Offshore Forex Brokers that Accept US Traders – a List
- Can US Traders use Offshore Brokers?
- What are the Best Forex Brokers for US Customers?
- Highly Regulated Forex Brokers for Beginners in the USA
and much, MUCH more!
5 Best Offshore Forex Brokers that Accept US Traders – a Comparison
5 Best Offshore Forex Brokers that Accept US Traders (2024)
- ☑️ Plus500 – Overall, the Best Offshore Forex Broker accepting US Clients
- ☑️ IG – CFTC and NFA Regulated Forex Broker
- ☑️ Interactive Brokers – Impressive Proprietary Offing
- ☑️ OANDA – Responsive Mobile Trading Experience
- ☑️ eToro – The Best Forex Broker for Beginners in the USA
Plus500
Plus500 is a globally recognized and regulated Forex and CFC Broker that accepts US Traders without restriction. Moreover, the Broker is registered as an FCM with the US Commodity Futures Trading Commission (CFTC). In addition, Notable Factors and Features include:
- A Plus500 Live Trading Account
- A Proprietary Trading Platform
- Multiple Base Currencies including USD
- Spreads from 0.8 Pips
- Leverage of up to 1:300
Trading instruments and Products include Forex, Indices, Share CFDs, Commodities, Cryptocurrencies, Futures, Options, Bonds, ETFs, Digital 100s, and, Interest rates.
Pros and Cons
Our Insights
Highlights of trading with Plus500 include segregated client funds, two-factor authentication, several trusted deposit options, and, secure withdrawals.
IG
IG is a trusted and well-established Forex and CFD services provider with regulations including the CFTC and NFA. In addition, it is governed by the FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, and, the BMA. Notable Features and Factors include:
- Several Account types, including CFD/DMA and Limited Risk Options
- Proprietary Web and Mobile Trading Platforms
- MetaTrader 4 and ProRealTime integration
- Spreads from 0.1 Pips
- Leverage of up to 1:222 (Account Depending)
Trading instruments and Products include Forex, Indices, Share CFDs, Commodities, Cryptocurrencies, Futures, Options, Bonds, ETFs, Digital 100s, and, Interest rates.
Pros and Cons
Our Insights
The benefits of trading with IG include access to stop-loss orders, excellent educational resources, trusted customer support, and Risk management Guidelines.
Interactive Brokers
Interactive Brokers is a trusted and highly regulated Forex and Financial Services provider. In addition, licenses and regulations in the United States include the CFTC and NFA. Moreover, IB accepts US Clients without restriction. Broker highlights include:
- IBKR Lite and IBKR Pro Accounts
- Proprietary Web, Desktop, and, Mobile Trading Platforms
- USD, AUD, and, CAD Base Currencies
- Spreads from 0.6 Pips
- Leverage of up to 1:30
Trading instruments and Products include Forex, Stocks, ETFs, Options, Futures, Indices, Mutual funds, Cryptocurrencies, Metals, and, Bonds.
Pros and Cons
Our Insights
The Benefits of trading with IBKR include several impressive proprietary trading platforms and reliable trade execution.
OANDA
OANDA is a trusted tier-1 regulated global services provider. US Regulatory authorities include the CFTC and NFA. Notable factors and features of trading with OANDA include:
- Standard, Core, and, Swap-Free Accounts
- Premium and Premium Account Options
- MetaTrader 4 and MetaTrader 5
- Proprietary Trading Platforms
- USD, EUR, HKD, and, SGD Base Currencies
- Spreads from 0.1 Pips
- Leverage of up to 1:888
Trading instruments and Products include Forex, Indices, Commodities, Metals, Shares, Energies, and, Cryptocurrencies.
Pros and Cons
Our Insights
The Benefits of trading with OANDA include access to multilingual support. Languages supported include English, French, and, Spanish.
eToro
eToro is a popular Forex Brokerage that accepts US clients under the governance of the NFA. Additional licenses and regulations include CySEC, FCA, ASIC, FSA, and, FINRA. Broker highlights include:
- 24/5 Customer Support
- Spreads from 1 Pip
- Leverage of up to 1:400
- Access to over 50 Currency Pairs
- Affiliate Options
Trading instruments and Products include Forex, Stocks, Crypto CFDs, Indices, Commodities, and, ETFs.
Pros and Cons
Our Insights
The benefits of trading with eToro include access to a proprietary web-based trading platform and mobile app with social trading capabilities.
What is an Offshore Forex Broker?
The term Offshore Forex Broker simply refers to a financial service provider that is registered and regulated in a jurisdiction outside of the client’s country of residence.
In Conclusion
Due to a strict and complicated regulatory environment, finding a Forex Broker that accepts US Traders has become a challenge. However, several trusted Offshore service providers accept US Traders under the regulatory authority of the CFTC and NFA.
Our Insights
While reviewing the Best Offshore Forex Brokers that accept US Traders, we found 5 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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