Best offshore Forex Brokers Accepting US clients in 2023
Our researched review will explain you why LQDFX, LMFX and EagleFX are the best offshore Forex brokers accepting US clients in 2023. Briefly, trader’s get 1:1000 leverage, No FIFO Rule, No PDT Rule, ECN/STP execution, withdrawals within 2 hours, PAMM accounts, allows hedging, scalping, EA, and Crypto trading. Make an informed decision today!
NO. 2 BROKER
90
Conditions
V. Good
90
Support
Good
AA
Reputation
V. Good
★★★★★
Why choose LMFX?
1. Leverage 1:1000, No FIFO rule, Hedging, Scalping, EA trading allowed.
2. No markup and super-tight spread from 0.2 pips, No Requotes.
3. 100% credit bonus,15% recovery bonus (withdrawable/tradable).
4. Withdrawal within 2 hours. No deposit or withdrawal fees. Minimum deposit — $50. Accept Bitcoins.
5. Forex 46 pairs, Indices 9, Metal & Oil 7, Commodities 5, Shares 15 instruments.
6. Offers 3 different accounts, with fixed and variable spreads.
7. Win $1750/month trading on demo account in the Earn and Learn Contest.
8. Totally free — 7 essential Forex calculators and economic calendar.
9. 24/5 multilingual Live Chat support.
NO. 1 BROKER
94
Conditions
V. Good
94
Support
V. Good
AAA
Reputation
V. Good
★★★★★
Why LQDFX ranked first?
1. Leverage 1:500, No FIFO rule, Hedging, Scalping, and EA trading allowed.
2. Full STP execution — Spread from 0.1 pips, lightning-fast execution, No Requotes.
3. 100% deposit bonus from $250 to $20 000 (withdrawable).
4. No deposit/withdrawal fees. No withdrawal complaints. Minimum deposit — $20. Accept Bitcoins.
5. Forex 71 pairs, Indices 11, Metal & Oil 6, and Commodities 4 instruments.
6. Offers 5 different account types to meet the needs of all types of Forex traders.
7. Daily free chart analysis, market news and economic calendar.
8. PAMM account for Fund Managers and Investors.
9. 24/5 multilingual Live Chat support.
NO. 3 BROKER
85
Conditions
Good
85
Support
Good
AA
Reputation
V. Good
★★★★★
Why choose EagleFX?
1. Leverage 1:500, No FIFO rule, Hedging, Scalping, EA, news spike trading allowed.
2. Ultra-fast STP execution, spread from 0.2 pips, No Requotes.
3. No KYC documents are required for live trading.
4. Withdrawal requests are reviewed within 30-minutes. Min. deposit — $10. No deposit/withdrawal fees. Accept Bitcoins.
5. Forex 52 pairs, Indices 10, Metal & Oil 6, Shares 73, Crypto 38 instruments.
6. 24/7 Cryptocurrency trading without any interruption.
7. PayPal via Coinbase is available for withdrawals.
8. Daily free market analysis and market news.
9. 24/7 multilingual Live Chat support.
Best offshore Forex brokers that accept US clients in 2023
- Ehren Alscher
- ⏱ 18 min read
- February 1, 2023
In 2023, we are all aware that only a small number of offshore Forex brokers (less than 15) are willing to accept US clients. We have no hesitation about admitting that finding and reviewing the Top 3 offshore Forex brokers among these 15 Forex brokers is a difficult undertaking. This is because, none of these 15 offshore Forex brokers accepting US clients are regulated, and many of them incorporated just a couple of years ago.
Despite their lack of regulation, a few of these offshore Forex brokers are safe and trustworthy, and have been providing great Forex brokerage services and fund security to US clients for a long time.
Our review team, made up of ex-managers from the top Forex brokers has created the best-in-industry methodology to find and review Top 3 best offshore Forex brokers accepting US clients in 2023.
Follow the links provided below to read the full review:
Table of Contents
Best Offshore Forex Brokers Accepting US clients in 2023
Foundation Year: 2015
Max. Leverage: 1:500
Spread: 0.1 pips (Variable)
Min. deposit: $20
Min. Trade Size: 0.01 lot
Max. Trade Size: 40 lots
Margin/Stop out: 50/20
Requotes: No
Promotions: 100% deposit bonus
EA/Robots: ✔ Yes
Scalping: ✔ Yes
Deposit Methods: Bank Wire, Visa, Mastercard, Skrill, Neteller, Fasapay, VLoad, Bitcoin, Ethereum, Litecoin, Ripple.
Trading Model: ECN/STP
Currencies: 71 Pairs
Indices: 11
Commodities: 4
Metal & Energies: 6
Stock CFDs: No
Cryptocurrencies: No
Trading Platforms: MT4, Web, Mobile.
PAMM/MAM: ✔ Yes
Live Chat Support: ✔ Yes (24/5)
Accounts: Micro, Gold, ECN, VIP, Islamic.
Withdrawal Methods: Bank Wire, Visa, Mastercard, Skrill, Neteller, Fasapay, VLoad, Bitcoin, Ethereum, Litecoin, Ripple.
Regardless of the fact if you are a beginner in Forex trading or have been doing it for years, a trustworthy offshore Forex broker accepting US clients is something you are definitely interested on your side.
However, the question is: what makes a perfect offshore Forex broker?
In this LQDFX review, we will go over every aspect of LQDFX in detail that US traders looks for in a best offshore Forex broker accepting US clients.
Pros
✔ Full STP Execution, no conflict of interest.
✔ No requotes & lightning fast execution.
✔ Unrestricted trading environment.
✔ PAMM accounts for fund managers.
✔ Start-to-finish educational courses.
✔ Negative balance protection.
✔ No deposit fee. No withdrawal complaints.
Cons
X No MT5 and cTrader platform.
X No crypto or stock CFDs for trading.
Can US clients use LQDFX?
Yes, LQDFX accepts clients from all over the world, including the UK, Canada, and the US. However, traders must ensure that registration does not violate any local country law or regulation.
In 2015, FX industry got expanded by one more broker that soon became award-winning and reached the top position among all foreign Forex brokers. The broker is run and operated by LQD Limited, and is based in the Marshall Islands.
By offering full STP execution, LQDFX proved that they are one of the few transparent Forex brokers who really care about their clients and act in their best interests. They have no conflict of interest, no requotes, no delays, and no dealing desk intervention.
When it comes to trading platforms, the broker offers MetaTrader 4 (for Windows, Androids and iOS), and the minimum deposit requirement to start trading with LQDFX is just 20 USD.
LQDFX clients are loyal to them and one of the reasons for such loyalty from them is attentive and helpful customer support. Indeed, 24/5 multilingual troubleshooting will be there for you on business days and resolve all the possible problems quickly and efficiently.
LQDFX provides bonuses and promotions. And most importantly, there are no hidden fees or rules.
We can assure you that the traders of this broker have been happy with their Forex brokerage services! And this is because of the trust LQDFX has earned among traders over years.
Let us guess; you’re afraid about safety. LQDFX ensures its traders’ safety with different risk management services, separate accounts, and partnerships with banking institutions in the EU. All things considered, LQDFX wants to keep the services transparent and provide comprehensive information for its users.
There are several reasons why LQDFX is ranked No. 1 in our list of the best offshore Forex brokers accepting US clients, and we would like to draw your attention to the most important ones.
STP Execution by Offshore Forex Brokers
LQDFX offers an STP trading environment that promises a fair and totally transparent trading environment for traders. STP execution guarantees transparency, a great speed of order execution, A-Book execution, no slippage and tight spread.
The STP execution means that every time a client places an order, LQDFX has no conflict of interest, as well as no-requotes, instant execution and no intervention. Each order is placed in the LQDFX aggregator, which ensures the best price for your order, provided by a number of top liquidity banks.
No matter if you lose or win, LQDFX will never take an opposite side of your trades, therefore they will not benefit on any occasion.
Account Types — Micro, Gold, ECN, VIP, and Islamic
When it comes to regular Forex brokers, they offer a limited number of accounts. LQDFX, on the contrary, has taken care of each type of traders by offering 5 different account types: Micro, Gold, ECN, VIP and Islamic Account.
Some of the features are common to all 5 account types, so we haven’t included them in the above table. But, below you can find these common features —
- Order Execution type — Market Execution
- Trading Model — STP
- Requotes — None
- Trading Platform — MT4 (Desktop, Android and iOS)
- Available Instruments — Forex (71 pairs), Indices (12 instruments), Commodities (5 instruments) and Metals.
- Education Material — Yes
1. Micro Account
The Micro Account has been designed for beginner Forex traders who want to trade in smaller lot sizes, such as 0.01 lot to try the live trading environment. Micro account allows beginner traders to start Forex trading with just $20 in a live account.
2. Gold Account
If you already gained some experience and want to try your trading strategy for the next level, then Gold account is a perfect account for you. The Gold account has been designed for traders who prefer a simple commission-free account, without the hassle of calculating commission separately.
There are no separate commissions charged on Gold accounts so you don’t need to calculate trading fee (spread + commission) separately while developing your trading strategy. You only need to pay attention to the spread, which is extremely tight in Gold accounts.
3. ECN Account
The ECN Account has been designed for experienced and serious traders who are looking to trade on raw spreads starting from 0.1 in an ECN environment. The account charges a small commission on trades and is ideal for traders who prefer to trade in the short-term, especially EA and Scalper traders.
4. VIP Account
The VIP Account is designed to minimize the trading cost by offering interbank trading conditions to HNI, institutional and professional traders, who invest in higher equities ($25000 and up) and trade higher volumes (1000 standard lot and up in a month).
The maximum lot size for VIP accounts is unrestricted. It means that if you have enough equity on your VIP account, you can trade even 1000 standard lots or up in one order.
5. Islamic Account
The Islamic account is identical to the Gold account in any way, including spreads and lot size limits. The only difference between the Islamic account and the Gold account is that no swaps are charged at rollover hours.
If the deposit amount in an Islamic Account is $25000 or more, VIP account conditions will apply to Islamic accounts as well.
The Islamic account is only available to traders who practice the Islam faith. LQDFX may request for proof.
Trading Conditions
Among best offshore Forex brokers accepting US clients around the world, the LQDFX trading environment has the most competitive pricing and flexible trading conditions. They are best for traders who need higher leverage (1:200+), fastest order execution, tightest spread and lowest swap rates. Let’s go over them all one by one.
1. Spread and Commission
Something big that distinguishes LQDFX from other offshore Forex brokers is their aim to supply US traders with low-cost access to the Forex market. LQDFX has a combination of spreads and commissions according to the account type you choose.
Micro, Gold, and Islamic accounts have no commissions and only charge a brokerage fee based on the spread starting just 1.0 pips on EURUSD.
On LQDFX’s ECN and VIP accounts, the EURUSD spread is just 0.1 pips on average, with a round-turn commission of $7 for ECN accounts and $5 for VIP accounts per 1 standard lot traded.
If you trade 1 standard lot of EURUSD with LQDFX, the total brokerage fee will be $8 for an ECN account and only $6 for a VIP account.
2. Leverage
Leverage is a good method for increasing the exposure of markets since it lowers the requirements for the margin while trading. On the other hand, leverage can be a double-edged sword, so be cautious when using it.
The maximum leverage available with the Micro Account is 1:500. Leverage is 1:300 on the Gold, ECN, and Islamic accounts. Because traders on VIP accounts trade in higher volumes, the risks are higher for both trader and brokerage company, so the leverage on VIP accounts is limited to 1:100.
3. Swaps
Swaps are the fees in case you keep a position open overnight. Swaps can be positive or negative, and the good news is that positive swaps are credited to your account balance by LQDFX, which some offshore Forex brokers don’t credit.
4. Order execution speed
Why do you need to know the speed of “Order Execution”? Well, there are many online Forex brokers, and once you search for one to trade with, you’ll notice that a lot of them mention their “Order Execution Speed”. It is the time taken from the instant you create the order until the order is executed by the broker. Traders search for the fastest order execution. If the order speed is quicker, then the orders will get:
— Less Slippage: Orders being executed at another price than the one you requested because the market value has changed while the order was delivered to the market.
— Less Rejections: Orders being not executed due to the fact that the slippage has exceeded the limit set by the broker.
— Less Requotes: Orders returning to you and asks for a different market value to be executed because the price you requested doesn’t exist.
When compared with other best offshore Forex brokers accepting US clients, the STP model of LQDFX ensures no-requotes and lightning-fast execution in just 0.6 seconds, which is the fastest.
Range of Markets
Now, check this out; with LQDFX, you will get to access multiple markets that are located around the world. The markets include Forex, Indices, Commodities, and Metals, for example.
They have 71 forex pairs made of 7 majors, 21 minors and finally, 43 exotics currency pairs.
You are able to trade 16 precious metals, including gold, silver, palladium and platinum.
In addition, you can also trade 21 global stock indices and 6 energy and agricultural commodities.
How do I deposit and withdraw money from LQDFX?
LQDFX, as one of the best offshore Forex brokers accepting US clients, offers many different deposit options for users to choose from:
- The minimum deposit for a Micro and Islamic account is just $20.
- The minimum deposit for a Gold and ECN account is $500.
- The minimum deposit for a VIP account is $25,000.
You can choose between Bitcoin, MasterCard, Bank Transfer, Litecoin, Visa, Ether/Ethereum, FasaPay, Neteller, Ripple, Skrill, UPayCard, and VLoad.
For Visa and Mastercard, it is 2,000 USD per one transaction and 15,000 USD maximum per card. The deposited funds will be in your account in just 30 minutes. Moreover, there are no fees which is an excellent aspect for the users!
For the bank wire transfer, it is 500,000 USD maximum transaction per day, and transfers usually take around 2 to 7 business days. There are no additional fees if you deposit more than 500 USD because LQDFX will cover the feed in this case.
They offer Skrill, Bitcoin, Neteller, and FasaPay, where the minimum deposit has to be at least 20 USD, and Altcoin has a minimum deposit of 30 USD.
And another thing, withdrawing is just as essential in the trader’s work as the deposits.
Cryptocurrency and e-wallet withdrawals will be handled in only one business day.
Card withdrawals will take around 48 hours, and bank transfers need between 2 and 10 business days.
So, the waiting time for withdrawals in LQDFX is 48 hours but they usually process it within 24 hours in case of urgency.
Other things to consider: the minimum sum for withdrawal is 100 USD for bank transfers, 20 USD for credit and debit cards, 0 to 10 USD for the different e-wallets, 10 USD for Bitcoin, and 30 USD for all the other cryptocurrencies.
The unique features of LQDFX
Trading seems easier now, thanks to the services LQDFX offers for its clients, making them the best offshore Forex brokers accepting US clients. US traders can use all the features to get the best trading experience and results. Here is a short guide to the unique features you will get to use:
1. PAMM Account
For Fund Managers, there is a completely new feature available in LQDFX, and it will allow you to see the investments of Fund Managers and professional traders.
You can then use this information while investing your own funds. You can also use different options, for example, the account id, traders name, earnings obtained from trades, shares, and others, to filter the results.
This feature will help you to understand the market and investing even better. So, you can learn about the market of your choice before getting started. This is a great opportunity to earn without learning the complexities of the Forex market.
2. Chart analysis and Economic Calendar
LQDFX offers chart analysis, economic calendars, and different training materials to make life easier for beginning traders. All these features are helpful for both beginners and long-time trader looking for the best offshore Forex brokers accepting US clients, so you will surely benefit from them. The MetaTrader 4 has a built-in function to organize the charts for you.
You may wonder why chart analysis is such a great tool. Well, believe me, it provides a reliable way to track price movements in the market. They help traders identify prevailing market conditions.
Chart analysis also helps anticipate possible changes in market conditions and provide an objective way to learn about different trading options.
Their economic calendar allows you to follow the economic agenda in real-time and, therefore, consider the fundamental elements that tend to influence or even change the direction of the market; this means interesting trading opportunities, especially due to increased volatility during specific events. It really is that simple.
3. Negative balance protection
The negative balance protection is a useful feature for all traders who do not want to take unnecessary risks. You can set this feature to stop your account from losing too much money.
And the best part? You can control your losses, and trading will not cause you to get debt. LQDFX will let you use this tool, and you can use it to protect your funds.
Even if you were an advanced investor, it is a helpful feature that we can totally recommend
24/5 Customer Support
In LQDFX, traders can contact 24/5 Live Chat support, and this service is also one of the reasons why the platform is so famous.
You can find multiple different languages for the support, so you can choose the most comfortable one for yourself and feel at ease.
You can reach them through various channels. The phone number to contact them is +44 20 8064 1038, and the email is support@lqdfx.com. Moreover, there is a professional and experienced live chat available as well.
Their customer service team is known to handle all account-related queries super efficiently. It deals with all different kind of issues, may it be document verification, PAMM or other error messages.
LQDFX has a support team of friendly professionals who can resolve the most complex problems. They will help you in all situations.
What is the bonus on LQDFX?
You can find a good number of different promotions and bonuses from the LQDFX broker. The best promotion is the 100% deposit bonus, which means that if you trade 100 USD, LQDFX is giving you more than 100 USD on top of your 100 USD to trade. This is giant! That means you can earn up to $20,000! Sounds impressive, right?
Final thoughts on LQDFX
If you want to start trading without restrictions, LQDFX offers a variety of features and services.
The broker gives you an opportunity to select between 5 different accounts which have their own features, which proves to be really useful for every type of Forex trader.
You can contact their professional customer support on most days, and they will help you with any issue or question quickly and efficiently. All in all, the LQDFX broker is excellent for both beginners and advanced Forex traders, the number of loyal customers is constantly increasing.
Among the benefits of LQDFX, there is a minimum deposit that is only 20 USD and high leverage of 1:500.
You can also find the ECN/STP execution, the fastest execution and high liquidity. Moreover, international traders, especially US traders are accepted.
If you are looking for the best offshore Forex brokers accepting US clients, LQDFX should definitely be considered.
Foundation Year: 2015
Max. Leverage: 1:1000
Spread: 0.2 pips (fixed, variable)
Min. deposit: $50
Min. Trade Size: 0.01 lot
Max. Trade Size: 100 lots
Margin/Stop out: 30/15
Requotes: No
Promotions: 100% & 15% bonus
EA/Robots: ✔ Yes
Scalping: ✔ Yes
Deposit Methods: Bank Wire, Visa, Mastercard, JCB, Skrill, Neteller, Fasapay, VLoad, Bitcoin.
Trading Model: ECN/STP
Currencies: 46 Pairs
Indices: 9
Commodities: 5
Metal & Energies: 7
Stock CFDs: 15
Cryptocurrencies: No
Trading Platforms: MT4, Web, Mobile.
PAMM/MAM: No
Live Chat Support: ✔ Yes (24/5)
Accounts: Premium, Fixed, Zero.
Withdrawal Methods: Bank Wire, Visa, Mastercard, Skrill, Neteller, Fasapay, Bitcoin.
Does offshore Forex brokers LMFX accept US Clients?
Yes, LMFX accepts traders from all over the globe, including the UK, Canada, and the US. However, traders must ensure that registration does not violate any local country law or regulation.
LMFX is a Forex broker, that offers MT4 trading platform and very high leverage (1:1000). This Broker is operated by Global Trade Partners Ltd. This innovative online Forex broker has a wide selection of tools for trading Forex and CFDs for US clients. They have flexible account types you can choose from and competitive trading conditions.
According to our research, LMFX is placed second among Top 3 best offshore Forex brokers accepting US clients, and the best CFD brokers globally.
The company has taken clients internationally including the US, already since 2015, it differentiates itself from other Forex brokers clients by offering high leverage (1:1000) Forex trading services.
Now, let’s have a closer look at all the unique advantages of LMFX, and trust me, you don’t want to miss this!
Pros
✔ ECN/STP execution model.
✔ Win $1750/month on demo trading contest.
✔ Unrestricted trading environment.
✔ Trading cost is extremely low.
✔ Fixed and variable spreads are available.
✔ Free 7 essential Forex calculators.
✔ One click trading, ideal for scalpers.
✔ No deposit fee. Withdrawal within 2 hours.
Cons
X No MT5 and cTrader platform.
X No crypto or stock CFDs for trading.
X No swap free Islamic account.
Range of Markets — Forex, Indices, Commodities, Shares, Metals and Oil
LMFX offers a range of trading instruments in various markets, namely Forex, Indices, Commodities, Shares, Metals and Oil.
LMFX offers trading in major, minor and exotic currency pairs with variable or fixed spreads and competitive commissions. What more could you ask for?
LMFX indices offer diversified access to individual stock exchanges in various countries. Rather than trading a single stock, the indices allow you to trade a basket of stocks, including the UK FTSE or the German DAX. This means you can trade the price of the underlying asset without actually owning it. And this, with a very competitive commission!
One of the great advantages of LMFX’s range of markets is that you can trade commodities such as raw materials, wheat, sugar, coffee, corn and metals, palladium, copper and platinum. The LMFX Contract for Difference (CFD) on commodities allows investors to speculate on the price fluctuations of commodities without physically owning them.
By trading LMFX commodity CFD’s, you’ll benefit by using the low margin requirements and fractional position to succeed in markets traditionally associated outside the reach of most traders.
LMFX offers precious metals trading 24/5, with gold and silver prices quoted in the base currencies EUR and USD. Oil spreads are super competitive, and both are again traded as CFDs. You’ll then be ready to invest within the oil-based markets without having to stress about anything other than the price movements. Like all LMFX trading products, the financing of positions within the Oil markets is made easier through the utilization of leverage.
LMFX also offers CFDs on individual stocks on global exchanges, including the NYSE, NASDAQ and LSE. Clients can buy and sell CFDs of shares of major companies such as Amazon, Google and Facebook with competitive leverage and commissions. Try it now!
Account Types — Premium, Fixed and Zero Account
As the best offshore Forex brokers accepting US clients, LMFX has a range of flexible account types to meet all traders needs. They will have an account that suits perfectly your requirements! There are premium accounts, fixed accounts and zero accounts.
The main differences between them are spreads and commissions, and all accounts come with your own personal account manager. Moreover, demo accounts are available to test the different platforms and trading conditions before opening a real account.
1. Premium Account
Premium Account has been carefully tailored to meet the trading needs of beginners Forex traders who want to try their hand with Live account with minimum appetite for risk.
It requires just $50 to start Live trading on Premium account.
In this account 1 lot size = 100 000 units of currency. And, minimum lot size that you can trade is 0.01 lot. Maximum trade lot size you can trade on this account is 60 standard lots.
This account offers a Leverage of 1:1000 and avg. spread of 1 pips without any addition commission.
Premium account offers rich product portfolio such as Forex/Gold/Silver/Oil, Indices, Commodities, and Share CFD trading.
2. Fixed Account
Fixed account is a fixed spread account and best suited for traders who want greater control over their trading and improved accuracy when calculating positions. This account is ideal for Expert Advisors (EAs) that outperform with fixed spreads.
It requires just $250 to start Live trading on Fixed account.
You can open trading account is USD, and EUR.
This account offers a Leverage of 1:400 and spread is fixed. Maximum trade lot size you can trade on this account is 75 standard lots.
Fixed account also offers Forex/Gold/Silver/Oil, Indices, Commodities, and Share CFD trading.
3. Zero Account
Zero account is for experienced and professional Forex traders looking for the best offshore Forex brokers accepting US clients, whose strategy demands interbank spreads for high-volume trading. This account seemingly a low trading cost account with NO markups and super-tightened spreads starting at 0.0 pips, as the name suggests “Zero Account”.
Ideal for scalping and high-volume trading.
It requires a minimum of just $100 to start Live trading.
This account offers a Leverage of 1:250 and interbank spread with No markups. ECN commission per standard lot per side is just 4 USD.
Zero account also offers Forex, Gold, Silver, Oil, Indices, Commodities, and Share CFD trading.
Trading Conditions — Leverage, Spread and Commission, Order Execution Speed, Swap rates
1. Leverage
What you have to know is that LMFX offers Leverage up to 1:1000. No one offshore Forex broker accepting US citizens offers 1:1000 except LMFX. It is a true STP Forex broker which does not act as a Market Maker, so that means there is absolutely no conflict of interest between traders and LMFX.
2. Spread and Commission
They have Fixed and Variable spread from 0.0 pip (but it would be 0.4 pip including commission).
LMFX commission is 2 dollars per 1 standard lot for trading Index CFDs. The commission is charged along with the spread, so you need to cover the spread and 2 dollars per 1 lot extra commissions.
3. Order Execution Speed
Their true STP model allow LMFX to a fast execution speed which means less slippage, less rejection and less re-quotes than most of the other online brokers.
All in all, here is the proof that LMFX surpasses most of the brokers again in so many areas.
4. Swaps
Concerning the Swaps, LMFX has swap charges if you hold an open position overnight. Although the swap charge occurs at server time midnight, the process might take some minutes, so the time is not very precise. Tripled swaps on Fridays are only for Index CFDs; whereas Forex pairs, Stock CFDs, Commodities and Metals have the tripled swap charge on Wednesdays.
LMFX will allow any corporate action resulting in funds being transferred to shareholders. That means you will see your account credited for this bonus in the case you have long position, and it will be charged for this bonus if you have short position of an Index CFDs. These dividends will be charged as swaps to your account, according to the swap points.
Trading Platforms
One more important feature that attracts more traders to LMFX is that it is suitable for 7 different platforms, including MT4 desktop platform, WebTrader, iPhone Trader, iPad Trader, Android Trader and several other.
With LMFX MT4, you have more than 50 free inbuilt indicators and tools at your disposal to assist you analyse the market trends of currencies across 9 time frames, speculate trends and estimate entry and exit points.
Bonuses and Promotions
Well, you can’t miss their Bonuses and Promotions which are a great opportunity offered by the best offshore Forex brokers accepting US clients!
With their Phoenix recovery Bonus, you will get an amount of funds pending in your account, and in the case, you lose all your capital, this 15% recovery bonus will be placed into your account on the next deposit! Isn’t it awesome?
And what’s more? It is applicable on first-time deposit!
They also have the Deposit Match bonus that you don’t want to miss for sure! It is a 100% Credit Bonus which aims to increase account leverage. The good news is that this bonus can be withdrawn without limitations in the event that the volume requirements of this trading bonus program are met.
In addition to those great bonuses, they have even more to offer you. Let’s talk about their Learn and Earn Contest! The principle: the more you learn, the more you earn, simple, isn’t it? This contest is only held with the demo account. That means there is no risk for your money, you can only gain and benefit from it!
Customer Support
One of the best things with LMFX and the most useful is the constant chat box that helps you during your trading journey. That means you can start chatting anytime with the LMFX support team if you have any questions or need help with anything and you will get your answer instantly.
You can also contact them via phone and email. Their support is multilingual and available 24/5!
Deposit/Withdrawals
LMFX has various convenient deposit and withdrawal methods including bank transfer, card and online payment processors.
If you want a fast payment method, consider using an online payment processor such as Skrill, Fasapay, or Neteller. And with these methods, withdrawals submitted before 10am server time are processed the same business day. But to withdraw, you can also use Wiretransfer, Visa and Mastercard, and that will take between 2 and 15 business days.
Good news: there are no deposit fees and no withdrawal fees !
Bank transfers may take a few business days to clear, while some methods, such as card payments, may be instantaneous. EUR or USD accounts available.
Forex Education
If you are new in Forex trading and looking for best offshore Forex brokers accepting US clients, you should make sure to get familiar with strategies as well as trading tools before starting to trade.
For that purpose, LMFX have established their next category, which is called “Education”.
There you can find all what you need to become a real professional in the field.
Starting from video tutorials, in-depth market analysis and finishing with up-to-date live economic calendar, there are many ways to improve your analytical skills.
Security of Funds
LMFX takes into account that nowadays, one of the most important concerns is the safety of your funds, and that, at all times.
When depositing, LMFX only use trustworthy payment gateway providers, who have been working in the marketplace for many years and have a great reputation. This guarantees that your funds are held by a reputable and reliable institution even when you are not funding directly to your LMFX bank account.
When you send funds to LMFX, they are sent to special accounts called ‘Client Accounts’. These accounts are held separately to the funds held by LMFX. These segregated accounts ensure that in the unlikely event that LMFX is no longer able to offer its services, Client funds will be returned to them.
Besides, LMFX spreads any default risk by holding various accounts across different organizations and countries, making sure to diversify any risk at both the organizational and country levels. So, be assured that your money is in safe hands.
Unique Features of offshore Forex broker LMFX
LMFX offers a selection of calculators that can be used to plan trades. There is also an economic calendar to keep up with the latest market releases. These tools are easy to use and proves to be a great addition, they are here to make your trading journey easier with the best offshore Forex brokers accepting US clients i.e. LMFX!
1. Fibonacci Calculator
With this calculator, you enter the High and Low to quickly calculate four basic Fibonacci support and resistance values at 23.8%, 38.2%, 50% and 61.8%.
2. Support & Resistance
Enter in the calculator the High, Low, Close and Current Price to calculate Floor, Woodie’s, Camarilla and DeMark’s pivot points and predict potential support and resistance levels.
3. Position Size Calculator
This tool calculates position sizes on currency pairs to help you manage your risk. It works with any major currency pairs and crosses. It just needs the minimum input values, but enables you to tune it to your special needs.
4. Pip Value Calculator
It calculates the pip value based on the account currency, currency pair and position size.
5. Risk and Reward Calculator
This calculator can help calculate the objectives of a position and the respective risk/reward ratios based on the Fibonacci retracements of the top and bottom.
This tool is very powerful to determine the potential risks in advance before entering any positions.
6. Risk Percentage Calculator
This calculator allows you to determine your lot size based on your account currency, currency pair, account balance and the percentage you are willing to risk, open price and stop-loss price.
7. Multitarget Calculator
This calculator helps plan at what levels a portion of the positions can be closed to try to get the best risk/reward ratio of a possible trade. For example, if you believe a market will move slowly, then it is better to emphasize Targets 1 and 2 when taking profits. However, if you believe that the market has the potential to grow into a longer-term trend, then, you may want to close a larger portion of the trade at Target 3.
8. Economic Calendar
The economic calendar is a tool you may use as part of a fundamental analysis. It displays economic events, the affected currency and the expected level of impact. Users can view previous, expected and actual results of calendar events.
Final thoughts on offshore Forex broker LMFX
LMFX is one of the best offshore Forex broker accepting US clients like no other. Their servers enable you to trade with almost zero delays, you can start trading instantly and benefit from cutting-edge technology and numerous trading tools that make trading easy, fun and successful. With their trading calculators, planning has never been so efficient.
Your fund security is their top priority. And, you also have a customer support team at your disposal if any questions.
With all the services that LMFX offer, they make sure to adjust to customers needs. Among the best offshore Forex Brokers, LMFX is definitely a top choice. To draw a line, it is a high-quality broker that is always improving and customizing offered services.
In conclusion concerning LMFX review, you can be sure to join one of the best offshore Forex Brokers accepting US clients in 2023.
Foundation Year: 2019
Max. Leverage: 1:500
Spread: 0.2 pips (Variable)
Min. deposit: $10
Min. Trade Size: 0.01 lot
Max. Trade Size: 1000 lots
Margin/Stop out: 100/70
Requotes: No
EA/Robots: ✔ Yes
Scalping: ✔ Yes
News Trading: ✔ Yes
Deposit Methods: Bank Wire, Visa, Mastercard, Bitcoin.
Trading Model: ECN/STP
Currencies: 52 Pairs
Cryptocurrencies: 38 Pairs (24/7 trading)
Indices: 10
Commodities: 5
Metal & Energies: 6
Stock CFDs: 73
Trading Platforms: MT4, Web, Mobile.
PAMM/MAM: No
Live Chat Support: ✔ Yes (24/7)
Accounts: 1 account (soon swap free)
Withdrawal Methods: Bitcoin, Coinbase, PayPal.
Pros
✔ ECN/STP execution model.
✔ 24/7 cryptocurrency trading (33 Cryptos).
✔ No KYC documents for live trading.
✔ Unrestricted trading environment.
✔ Withdrawals are reviewed within 30 mins.
✔ 24/7 multilingual live chat support.
✔ No deposit fee. PayPal via Coinbase.
Cons
X No MT5 and cTrader platform.
X No education program.
X No promotion or bonuses.
X No swap free Islamic account.
Only a handful of offshore Forex brokers accepting US clients these days. However, how do you go about finding the best offshore broker for you? Let us introduce you to EagleFX, the third best offshore Forex broker for US clients on our list.
Does EagleFX accept US Clients?
Yes, EagleFX accepts clients from all over the world, including the UK, Canada, and the US. However, traders must ensure that registration does not violate any local country law or regulation.
Suppose you are looking for a place to trade with foreign currencies, cryptocurrencies, CFDs, commodities, indices, and much more. In that case, EagleFX might be just the place to be taken into consideration by you.
The minimum deposit is incredibly low, only 10 USD, which is perfect for traders with a low budget or who are still training.
The functions and possibilities of the broker include scalping, hedging, and news trading. You can use them for more than 50 currencies available, including EUR, USD, and GBP.
The leverage with 1:500 is average for the market and standard. With an incredibly fast speed for transactions, you can trade the minimum lot of 0.01 to your absolute best ability.
Among the instruments to trade are Currencies 55+, Cryptocurrencies 30+, and CFD (20+) — Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities Indices.
The instruments can be traded on MT4 desktop and MT4 mobile, just as on WebTrader.
Customer service is rated way higher than average, with the availability of 24/7.
Now, let’s have a closer look at all the unique advantages of EagleFX the made it the best offshore Forex brokers accepting US clients in 2023, and trust me, you don’t want to miss this!
Same Day Withdrawals (Within 24 hours)
What’s better than getting your funds in your bank within a few hours? It’s real peace of mind compared to other Forex brokers who often take longer than 48 hours to process your withdrawals.
This is not the case with EagleFX. Their efficient account department lets traders withdraw their earnings within 24 hours and even faster than that. On average, it takes approximately 30 minutes to review the withdrawal requests by the EagleFX team.
They conduct security checks to ensure that the requests are being sent out to the right person. After this, depending on blockchain traffic, your funds should arrive in your Bitcoin wallet within an hour or less with no traffic. EagleFX recommends enabling 2FA. This could help you with faster withdrawals according to their team and makes your account extra secure.
24/7 Crypto Trading
Crypto trading is possible 24/7, instead of the usual 24/5 at other Forex brokers. You’ll be able to earn money trading during the weekends where you have more free time.
This is very convenient for many users because most people work their office jobs during the week and don’t have much free time left after work.
Because of 24/7 trading, EagleFX also offers 24/7 customer service. If you encounter a problem with your trading account in the middle of the night, you’ll still get help.
Among the items to trade are 11 indices and 32 cryptocurrencies. Whereas other brokers usually only offer around 10 cryptocurrencies. This is a massive increase and a reason why we highly advise EagleFX to the people who trade many different cryptos and looking for best offshore Forex brokers accepting US clients.
No KYC Document Required
EagleFX does not demand a KYC document. This is because they accept Bitcoins.
Traders can set up a live trading account within 10-minutes and start trading.
Other brokers want to see your KYC document first and then verify it, this could sometimes take up to a week, and sometimes traders get frustrated and loss all desire to trader Forex.
Sometimes it is also difficult for traders to submit a valid address for proof, making it much harder to set up their account.
Traders do not need to do this with EagleFX because of the anonymity of Bitcoin. This means that you can set up your trading account within 10 minutes without any hassle.
1:100 Leverage for Crypto Trading
The leverage that they offer on Forex is 1:500, Metals = 1:500, Indices = 1:200; Energies = 1:200; Cryptocurrencies = 1:100.
The last leverage for crypto is possibly one of the best on the market. These leverages are very decent when you compare them to their competition that often only offers a 1:5 or 1:20 leverage for cryptocurrency. We believe that EagleFX is at the top of the market with this.
Trading Platforms
Trading platforms offered on the website include, of course, the most popular one. MetaTrader 4, is a must-have and the first choice any beginner will likely decide on. It comes with lots of analytical functions such as 9 timeframes, 30 technical indicators, 24 graphical objects, and interactive charts.
EagleFX ensure that you are absolutely up to date with the latest developments in the market you choose to trade in, enabling you to make the best decision possible with the best offshore Forex brokers accepting US clients.
Here, in general, the lightning-fast order execution comes in extremely handy to support your actions further.
If you travel a lot, then MT4 is also available for your mobile phone. The MT4 mobile App is a full-fledged trading platform for iOS and Android-powered mobile devices. The MT4 app offers all you need for successful Forex trading: a complete set of orders, trading history, interactive charts, technical analysis, and a wide range of supported mobile devices.
Traders using the MT4 App on mobile phones enjoy powerful functionality for trading Forex anytime and anywhere in the world. The full range of analytics and trading options is now available on your mobile device.
The third platform is WebTrader, allowing you to trade Forex from any browser and operating system (Windows, Mac, Linux) with no additional software. All you need is an Internet connection. It is a platform with a simple, slightly scaled-down design that offers fewer functions than the MT4 desktop platform but an excellent understanding of trade in general.
You can personalize your Forex broker activity as much as you like. All options to help you succeed are open, and EagleFX is supportive of whatever the registered members choose.
Account Types
EagleFX offers all registered members upon signing up more than just one option for an account. Apart from the Live account, you can also start with a demo account simulating real trading.
Demo Account — As the name says, a demo account allows you to simulate trading in a realistic setting with the amounts of virtual money you choose.
Demo accounts allow you to trade with mock funds completely risk-free and can be opened in USD, EUR, GBP, and BIT currencies. You can start with any beginning balance you desire.
In certain circles, this is called playing without paying. You can learn a lot this way, in the most realistic setting possible without actually risking your real assets. For beginners who are somewhat unsure of how to proceed, this is an amazing option to develop more confidence in their decisions. Getting a more in-depth knowledge of the market is another benefit you would otherwise only get from real trading.
Live Account — A Live account is a little different from a demo-account. Here you can deposit real money for actual transactions and investments, and the trading you do on the platforms will result in real loss or gain.
If you choose not to use your account for a specific time, there are no inactivity fees to pay with this Forex brokers accepting US clients.
How long is EagleFX Withdrawal?
Withdrawal requests with EagleFX are reviewed within 30-minutes.
EagleFX offers its members different options to place their deposits and later withdrawal money. Firstly, for placing your first deposit, you can use Bitcoin, Mastercard, or Visa, just as a Wire Transfer. The currencies of the wallets prepared include USD, BITs, EUR, and GBP.
To withdraw what you have earned, you can use Bitcoin as well. For withdrawing to a Coinbase wallet, you can do so via PayPal. This is offered as an option when starting the process for your convenience.
Also, part of the payment is the fees that apply. You will be happy to hear that there are only two fees for the entire website, and these are ECN Commission fees and swap fees.
The broker does not require any form of fees for depositing or withdrawing, but you should be reminded that Bitcoin transactions via Blockchain are not free. The Blockchain network charges 0.0005 BTC per transfer, so you might want to keep the number of times you deposit low by only depositing higher amounts less often to save a little.
Fund Security — Can EagleFX be trusted?
“Security and the protection of your funds is our top priority.” This is the first sentence on the EagleFX “Protection of client funds” part of the website and describes their attitude to customer data and safety very precisely.
The security at EagleFX is top-notch. They have forged connections with top banks in the world and continuously work on improving their security. The withdrawals and deposits are hassle-free and secure and are made through the best payment processors.
They store your traded bitcoins in something that’s called cold storage.
This means that your funds are not present on their web server or any physical computer. Instead, these bitcoins are stored in an external storage device. This means that it is entirely safe from hackers who try to steal your valuable coins. Of course, a small amount needs to be kept on their servers to process your withdrawal requests quickly. This amount is always anticipated, so you’ll always be able to withdraw them.
Bitcoin rate fluctuations never impact all funds because they are fully hedged on the largest global exchanges. EagleFX promises to always put the security of your funds as their number one priority.
EagleFX has an extensive risk management plan for traders looking for offshore Forex brokers accepting US clients. They monitor and analyse the risks that come with offering these extensive trading services. Staying ahead and avoiding potential problems before they occur is the number one priority of this comprehensive plan.
24X7 instant Customer Service
EagleFX has impressive customer service. They provide their users 24X7 instant reply through three possible ways.
- Live chat: The fastest way of contacting them. You can solve general queries here in real-time. The response time for this method is almost instant, and you can talk to employees in real-time.
- Submit a support ticket: This is the perfect method for people who don’t have time to chat. You can send an email to EagleFX, and they’ll get back to you within 15 minutes on average, unlike other Forex brokers that have 48 hours of Ticket waiting time.
- Request a call: Speaking to somebody over the phone is sometimes the quickest and easiest way to solve a big problem you have. Customers are able to request a call with an employee who will typically respond in about 4 hours.
Final thoughts on EagleFX
Generally speaking, EagleFX is one of the best foreign Forex broker that accept US clients and it has very easy-to-handle website and has lots of information to provide for Forex traders who are looking for the best offshore Forex brokers accepting US clients. The FAQ is an essential part of their customer service experience, but also the availability of the support is very impressive.
No matter the time, when logging in, you almost immediately get in contact with someone to assist you with the process of logging in, placing a deposit, and accessing the page. Little to no fees are also incredibly attractive as a feature.
EagleFX has an excellent trading platform range and can be accessed almost everywhere. There are so many tools to make your way of trading as individualized and unique as possible to the market you choose.
The instruments to trade have a wide variety, and with the information generated in MT4, you are set up for success.
The trade itself is also made easy, with speed being one of the most named compliments from the review pages like Trustpilot. Whether it is the speed of transactions or investments, or the speed of withdrawal, everything is processed almost immediately.
If you are looking for the best offshore Forex brokers accepting US clients, EagleFX should definitely be considered.
Comparison Table - Offshore Forex Brokers 2023
| LQDFX | LMFX | EagleFX | |
| Foundation Year | 2015 | 2015 | 2019 |
| Trading Model | Market | Market | Market |
| Execution Type | ECN/STP | STP | ECN/STP |
| Spread | 0.1 pips (Variable) | 0.2 pips (Fixed + Variable) | 0.2 pips Variable |
| ECN Commission on FX | $2.5 per lot | $4 per lot | $6 per lot |
| Max. Leverage | 1:500 | 1:1000 | 1:500 |
| Order Execution Speed | 200 ms | 300 ms | 250 ms |
| Min. Trade Size | 0.01 lot | 0.01 lot | 0.01 lot |
| Max. Trade Size | No Limit on VIP Account | 100 lots | 1000 lots |
| Max. Number of Open Trades | 300 trades | 200 trades | No Limit |
| Margin Call/Stop out % | 50/20 | 30/15 | 100/70 |
| Swaps (Short/Long) | -0.1/-4.5 | -0.17/-0.36 | 0.1/-3.47 |
| Requotes | No | No | No |
| Negative Balance Protection | Yes | Yes | Yes |
| Min. Deposit | $20 | $50 | $10 |
| Base/Account Currencies | USD, EUR | USD, EUR | USD, EUR, GBP, BITs |
| Deposit/Withdrawal Fees | No | No | No |
| Accept Crypto Deposits | Yes | Yes | Yes |
| Withdrawal time | 24 hours | 2 hours | 1 hour |
| Currencies | 71 pairs | 46 pairs | 52 pairs |
| Indices | 11 | 9 | 10 |
| Commodities | 4 | 5 | 5 |
| Metal & Energies | 6 | 7 | 6 |
| Stock CFDs | 0 | 15 | 73 |
| Cryptocurrencies | 0 | 0 | 38 |
| 24/7 Crypto Trading | No | No | Yes |
| Trading Platform | MT4, Web, Mobile | MT4, Web, Mobile | MT4, Web, Mobile |
| PAMM/MAM | PAMM | No | No |
| Promotions | 100% deposit bonus | 100% & 15% bonus | No |
| EA/Robot Trading | Allowed | Allowed | Allowed |
| Scalping | Allowed | Allowed | Allowed |
| Hedging | Allowed | Allowed | Allowed |
| News Trading | Allowed | Allowed | Allowed |
| FIFO Rule | No | No | No |
| Islamic Account (Swap free) | Yes | No | No |
| Live Chat | 24/5 | 24/5 | 24/7 |
| Language Support | English, French, Italian, Russian, Arabic | English, Spanish, Portuguese, Japanese | English |
| Trading Accounts | 5 Account Types | 3 Account Types | 1 Account Type |
| Education Material | Yes | No | No |
| Free Chart Analysis | Yes | No | No |
| Economic Calendar | Yes | Yes | No |
| KYC documents | Required | Required | Not Required |
| Personal Account Manager | Yes | Yes | No |
| Ideal for | Scalper, EA & High Volume trading | Scalper, EA & High Volume trading | 24/7 Crypto trading |
Why do US traders search for offshore Forex Brokers in 2023?
Do you remember the Great Financial crisis of 2008?
After the big US banks went bankrupt at the height of the financial crisis, watchdogs like CFTC and NFA decided to make amendment in regulation to fill loopholes of financial sector.
Forex Brokers in the US are regulated by the National Futures Association (NFA) and the Commodities and Futures Trading Commission (CFTC). The regulatory framework set out by these 2 bodies are often found too strict for free trading compared to other regulatory bodies around the globe.
Restrictions imposed by CFTC and NFA on US licensed Forex brokers:
1. Low Leverage: Maximum leverage allowed by US licensed Forex brokers was just 1:50. This means that US citizens or residents have no leverage advantage over other global traders who can obtain leverage ranging from 1:100 to 1:2000 through offshore Forex Brokers.
2. No Hedging & FIFO: US based Forex brokers don’t allow hedging and they must implement FIFO (First In First Out), which means that if you open more than one position on a currency pair, you must close the first before closing the second one, which is not-so-straightforward way of preventing hedging. There is no such FIFO rule while trading with the best offshore Forex brokers that accepts US clients or citizens.
3. OFAC Restriction: The office of Foreign assets and control (OFAC) has placed limitations on who US Forex brokers, can accept as a client. US citizens or residents need to go through hassle of long checklists before opening account with US Forex brokers.
4. Credit Card Restriction: US citizens or residents are not allowed to use their credit card to fund their Forex trading account.
5. No Value Added Services: US based Forex brokers are bound by stringent laws and regulations which prevent them from offering much flexible & value added trading services to US Citizens. But, the best offshore Forex brokers accepting US clients can offer these helpful trading services without much restriction.
Can US clients use foreign Forex brokers?
Regardless of the regulation, traders can still open an account with the best offshore Forex broker accepting US clients.
A large number of foreign governments have signed Memorandums of Understanding (MoUs) with US regulations (CFTC). Although the MoU agreement put pressure on these foreign governments (who signed the MoU agreement) to deny US clients the ability to open a Forex trading account with Forex brokers in their jurisdictions, many countries have yet to sign the MoU agreements and thus are not bound by US pressure and regulations.
This means that offshore Forex brokers can accept US clients in countries where MoU has not been signed with CFTC .
Why are most overseas Forex brokers don't accept US Clients in 2023?
Mostly because Dodd-Frank Act requires that Forex brokerage company who wants to do business with US clients must first be registered with both CFTC and NFA.
Many offshore or foreign Forex brokers find this very difficult and costly operation with tedious reporting requirements.
Just license fee of NFA and CFTC is 20 million USD compared to max. 1 Million USD licence fee of other reputed jurisdictions like FCA (UK), ASIC (Australia), FSP (New Zealand) and CySEC (Cyprus).
To avoid such high fee, high operational expense and paper mess, offshore Forex brokers just stopped accepting US citizens. It is easier for them to decline the US citizens than incur the unforeseen expenses.
So, Dodd-Frank Act is the primary reason that has forced offshore Forex brokers to decline US clients or citizens or residents.
Why do US clients still prefer offshore Forex brokers?
1. Freedom: The best offshore Forex brokers accepting US clients conduct all their major operations overseas and set up headquarters in a place that does not have a large number of regulations and constraints, which means offshore Forex brokers can offer leverage from 1:100 to 1:1000, No FIFO rule, No Hedging restrictions, No Scalping restrictions, No EA trading restrictions.
2. Greater Results: Because of better trading conditions and execution quality, chances of making greater results increases with the offshore brokers.
3. Less Hassle : US clients do not have to meet a lot of requirements with offshore Forex brokers as opposed to the list of boxes that they have to tick if they opt for US regulated Forex brokers.
4. Excellent Trading Conditions: Because of high competition offshore Forex brokers offers tight spreads, lightning fast execution, better leverages that enhances US clients trading experience and give them more opportunity to fulfil their financial goals.
5. Valuable Promotions: Offshore Forex brokers offer valuable promotions (bonuses, Free deposits, free VPS, free analytical tools) that US clients might not otherwise get with US brokers. This is because they are registered in tax heaven and can transfer some portion of tax savings to US traders.
6. No Limitations: With offshore Forex brokers there are no limitations whatsoever which means that US clients can take up any trade that appeals to them and use any technique or strategy that they think fit to be successful in Forex trading.
Final Thoughts on offshore Forex brokers accepting US Clients in 2023
Finally, if you’re a day trader searching for the lowest spreads and the fastest order execution possible without requotes, LQDFX is the ideal offshore trading platform for you.
If you have a high risk appetite and want to trade with a high leverage broker without compromising execution quality, LMFX is the broker for you.
EagleFX is an excellent choice for you if you are enthusiastic about the crypto market and want to trade Cryptocurrencies 24/7 without interruption alongside Fiat Currencies.
If you found this post helpful in finding the best offshore Forex Brokers accepting US Clients in 2023, I’d appreciate it if you could share it with your friends or fellow Forex traders via Twitter or Facebook to raise awareness about the freedom, flexibility, and earning opportunities available with these Top 3 offshore Forex Brokers. Thank you very much!
Good luck with your trading!!!
Methodology
We are committed to providing US traders with unbiased, comprehensive and updated review of the best offshore Forex brokers in 2023. Our review team is made up of ex-managers from top Forex brokers who conducted our reviews and created this best-in-industry methodology for ranking offshore Forex brokers for Forex traders of all levels.
Over the course of a month, we evaluated all offshore Forex brokers accepting US clients on more than 80 variables in 10 key categories, including:
- Broker’s Reputation — At ForexPeaceArmy, Trustpilot and ForexFactory.
- Customer Service — Live Chat Support (24/5), Ticket System, email and phone support.
- Trading Experience — Order Execution Quality, Spread, Execution speed, Slippage, Requotes, Execution type, Negative Balance Protection, Margin call/Stop out levels.
- Trading costs — Spread, Commission, Swap rates.
- Leverage — Max. Leverage for different trading instruments.
- Security of fund — Segregated accounts.
- Ease of Account opening — KYC docs requirements, time required for documents approval, Website navigation.
- Stress-Free trading — Time taken for deposit/withdrawal, Speedy resolution of Customer’s Complaint.
- Range of Markets — Forex, Indices, Energies, Commodities, Cryptos, Stocks.
- Value Added Services/Unique Features — PAMM/MAM, Chart Analysis, Charting Tools, Education, Trading Tools, Economic Calendar, VPS.
To collect data, we closely examined each offshore Forex brokers accepting US clients website, opened accounts to conduct hands-on tests, conducted live chats with their managers, cross-checked trading data with third-party websites such as myfxbook, and researched genuine reviews of Forex traders about these offshore brokers on trusted review forums such as ForexPeaceArmy, Trustpilot, and ForexFactory.
Reviewed by Ehren Alscher
Ehren is highly motivated and accomplished Forex trader with over 9 years' of experience in Forex trading. He worked with reputed Forex Brokers as a Market Analyst. He like to do in-depth SWOT analysis of Forex Brokers and value added services. In his free time he likes to play tennis and chess.
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