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5 Best Offshore Forex Brokers that accept US Traders

Edited by: Louis Schoeman

The Best Offshore Forex Brokers accepting US Traders

 

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.

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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!

 

6 Best Offshore Forex Brokers that accept US Traders

 

5 Best Offshore Forex Brokers that Accept US Traders – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts US Traders💶 Min. Deposit
🥇Plus500👉 Click Here✅Yes100 USD
🥈IG👉 Click Here✅Yes50 USD
🥉Interactive Brokers👉 Click Here✅YesNone
🏅OANDA👉 Click Here✅YesNone
🎖️eToro👉 Click Here✅Yes10 USD

 

5 Best Offshore Forex Brokers that Accept US Traders (2024)

 

  1. ☑️ Plus500 – Overall, the Best Offshore Forex Broker accepting US Clients
  2. ☑️ IGCFTC and NFA Regulated Forex Broker
  3. ☑️ Interactive Brokers – Impressive Proprietary Offing
  4. ☑️ OANDA – Responsive Mobile Trading Experience
  5. ☑️ eToro – The Best Forex Broker for Beginners in the USA

 

Plus500

 

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.

 

🔎 Broker🥇 Plus500
📈 RegulationASIC, FSCA, FCA, CySEC, FSA Seychelles, MAS, CFTC
📉 Ease of Use5/5
📊 Support Hours24/7
💹 Trading PlatformsPlus500 platform
↪️ Account TypesLive Trading Account
💴 Base CurrenciesUSD, GBP, ZAR, EUR
📌 SpreadsFrom 0.8 pips
📍 Leverage1:300
💶 Currency Pairs60+; minor, major, and exotic pairs
💵 Minimum Deposit100 USD
💷 Inactivity FeeYes, 10 USD after three months of inactivity
🚀Open an Account👉 Click Here

 

Plus500 Overview

 

Pros and Cons

 

✅ Pros❌ Cons
The Plus500 platform does not have a high learning curve like other platformsPlus500 does not offer MetaTrader or any other third-party platforms
Plus500’s demo account is ideal for testing trading strategies and practicing tradingThere are high CFD fees because of wider, marked-up spreads
Plus500 works on a spread-only basis, free from commission feesThere is a 0.7% currency conversion fee

 

Our Insights

Highlights of trading with Plus500 include segregated client funds, two-factor authentication, several trusted deposit options, and, secure withdrawals.

 

IG Review

 

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.

 

🔎Broker🥇IG
📈 Regulation and LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀Open an Account👉 Click Here

 

IG Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG is not available in all regions

 

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 Review

 

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.

 

🔎 Broker🥇 Interactive Brokers
💴 Min. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking Customer Support

 

Our Insights

The Benefits of trading with IBKR include several impressive proprietary trading platforms and reliable trade execution.

 

OANDA

 

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.

 

🔎 Broker🥇 OANDA
💶 Minimum DepositNone
📌 Account TypesStandard, Elite Trader
🆓 Demo Account✅Yes
🎁 Bonus Offers✅Yes
✏️ Education✅Yes
📲 Mobile Trading✅Yes
🖱️ Trading PlatformMetaTrader 4
🚀Open an Account👉 Click Here

 

OANDA Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Great trading platformsOnly FX and CFD available for most clients
Outstanding research toolsLacking Customer Support
Low trading feesInactivity fee

 

Our Insights

The Benefits of trading with OANDA include access to multilingual support. Languages supported include English, French, and, Spanish.

 

eToro

 

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.

 

🔎 Broker🥇 eToro
📈 Regulation and LicensesCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:400 (eToro Seychelles Ltd)
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum DepositFrom 10 USD (US)
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
🤝 Affiliate Program✅Yes
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

Our Insights

The benefits of trading with eToro include access to a proprietary web-based trading platform and mobile app with social trading capabilities.

 

Offshore Forex Trading

 

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.

 

What is an Offshore Forex Broker?

 

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.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 10Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFSC, FSA, VFSCUSD 10Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

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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Faq

An Offshore Forex Broker is a financial service provider that is registered and regulated in a jurisdiction outside of the client’s country of residence.

Plus500 accepts traders in the United States without restriction.

The IG Minimum Deposit is 50 USD.

Several Base currencies are accepted, including USD, AUD, CAD, CHF, EUR, GBP, HKD, and, JPY.

MetaTrader 4 and MetaTrader 5 are supported.

An Inactivity Fee of 10 USD is charged after 12 Months of Inactivity.

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