5 Best Offshore Forex Brokers that accept US Traders
Last Update: July 2nd, 2024
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
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts US Traders | 💶 Min. Deposit |
| 🥇Plus500 | 👉 Click Here | ✅Yes | 100 USD |
| 🥈IG | 👉 Click Here | ✅Yes | 50 USD |
| 🥉Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🏅OANDA | 👉 Click Here | ✅Yes | None |
| 🎖️eToro | 👉 Click Here | ✅Yes | 10 USD |
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.
| 🔎 Broker | 🥇 Plus500 |
| 📈 Regulation | ASIC, FSCA, FCA, CySEC, FSA Seychelles, MAS, CFTC |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/7 |
| 💹 Trading Platforms | Plus500 platform |
| ↪️ Account Types | Live Trading Account |
| 💴 Base Currencies | USD, GBP, ZAR, EUR |
| 📌 Spreads | From 0.8 pips |
| 📍 Leverage | 1:300 |
| 💶 Currency Pairs | 60+; minor, major, and exotic pairs |
| 💵 Minimum Deposit | 100 USD |
| 💷 Inactivity Fee | Yes, 10 USD after three months of inactivity |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| The Plus500 platform does not have a high learning curve like other platforms | Plus500 does not offer MetaTrader or any other third-party platforms |
| Plus500’s demo account is ideal for testing trading strategies and practicing trading | There are high CFD fees because of wider, marked-up spreads |
| Plus500 works on a spread-only basis, free from commission fees | There 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
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 Licenses | FCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📉 Ease of Use | 4/5 |
| 📊 Support Hours | 24/7 |
| 💻 Trading Platforms | MetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API |
| 💴 Base Currencies | USD |
| 📊 Spreads | From 0.1 pips DMA |
| 📌 Leverage | 1:222 (Pro), 1:30 (EU, UK, Retail) |
| 💸 Currency Pairs | 80+; major, minor, and exotic pairs |
| 💳 Minimum Deposit | From 50 USD (differs per region) |
| 🚫 Inactivity Fee | Yes, 12 USD after 2 years of inactivity |
| 📍 Website Languages | English |
| 💰 Fees and Commissions | Spreads from 0.1 pips, commissions from 0.10% |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG 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
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. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
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.
| 🔎 Broker | 🥇 OANDA |
| 💶 Minimum Deposit | None |
| 📌 Account Types | Standard, Elite Trader |
| 🆓 Demo Account | ✅Yes |
| 🎁 Bonus Offers | ✅Yes |
| ✏️ Education | ✅Yes |
| 📲 Mobile Trading | ✅Yes |
| 🖱️ Trading Platform | MetaTrader 4 |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Great trading platforms | Only FX and CFD available for most clients |
| Outstanding research tools | Lacking Customer Support |
| Low trading fees | Inactivity fee |
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.
| 🔎 Broker | 🥇 eToro |
| 📈 Regulation and Licenses | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:400 (eToro Seychelles Ltd) |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | From 10 USD (US) |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 🤝 Affiliate Program | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single 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.
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.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit 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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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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