Compare Best offshore Forex Brokers Accepting US clients in 2024

Offshore Forex brokers accepting US clients offers restriction-free trading environment and several unique advantages to US traders looking to diversify their portfolios globally. In this article, we will explore what offshore Forex brokers are, why US traders prefer them, the risks involved, and finally provide an updated list and in-depth review of the best offshore Forex brokers in 2024 while keeping in mind the traders’ investment goals, trading strategy and risk tolerance.

No. 2 Offshore Broker

1. Leverage 1:1000, No FIFO rule, Hedging, Scalping, and EA trading is allowed.

2. Ultra-fast ECN execution < 211 ms, spread from 0.1 pips, ECN Commission $2.5, No-Requotes.

3. FREE access to Autochartist™ tools.

4.  Withdrawal within 24-hours. Min. deposit — $1. No deposit/withdrawal fees. Over 20 Global & Local payment methods including cryptos.

5. Forex 50+ pairs, Indices 9, Metal & Oil 7, Shares 30+, Crypto 5 instruments.

6. 35% first deposit & 25% re-deposit bonus up to $5000.

7. MT4 and MT5 trading platforms.

8. Negative Balance Protection.

9. 12/5 dedicated Live Chat support.

No. 1 Offshore Broker

1. Leverage 1:2000, No FIFO rule, Hedging, Scalping, and EA trading allowed.

2. Full STP execution — Spread from 0.1 pips, ECN Commission $2. lightning-fast execution <46 ms, No-Requotes.

3. 120% cash deposit bonus up to $24000.

4. MT4 & MT5 & Mobile trading platforms.

5. 100+ products in FX, Indices, Crypto, Commodities and Stocks.

6. Offers 4 different account types to meet the needs of all types of Forex traders.

7.  100+ products in FX, Indices, Crypto, Commodities and Stocks

8. PAMM account for Fund Managers and Investors (coming soon). 

9. 24/5 multilingual Live Chat support.

No. 3 Offshore Broker

1. Leverage 1:1000, No FIFO rule, No PDT rule, Hedging, Scalping, EA trading allowed.

2. No markup and super-tight spread from 0.1 pips, $3 ECN Commission, No-Requotes.

3. 120% Loyalty bonus, 25% Crypto bonus (tradable).

4. Withdrawal within 24-hours. No deposit or withdrawal fees. Minimum deposit — $1. Automatic Crypto deposits.

5. Forex 62 pairs, Indices 7, Metal 5, Commodities 3, Stocks 33, Crypto 10, and Binary options 59 instruments.

6. PAMM accounts, FIX API, Copy trading, and Binary Options trading.

7. Base Account Currencies — 16 fiat and 6 Cryptocurrencies. 

8. Free VPS for VIP accounts.

Best offshore Forex brokers that accept US clients in 2024: Detailed Review

While searching for offshore forex brokers, you may have noticed that only a few, less than 15, offshore forex brokers are willing to accept US clients in 2024.

We have no hesitation about admitting that finding and reviewing the top 3 offshore forex brokers even among these 15 offshore brokers is a difficult undertaking.

This is because, none of these 15 offshore forex brokers that accept 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 has created the best-in-industry methodology to find and review top 3 offshore forex brokers accepting US clients in 2024.

We hope this post helps you find the best offshore Forex broker to meet your trading requirements.

What are offshore Forex Brokers?

Offshore forex brokers are those who have their headquarters in countries other than the trader’s home country. 

They often operate in countries with less strict financial regulation, allowing them to provide services and promotions that domestic brokers may be unable to provide.

While offshore forex brokers might provide unique benefits, there are also risks. Before creating an account with any offshore forex broker, it is critical to conduct thorough research.

Why do US clients prefer Offshore Forex Brokers?

1. Freedom: Because offshore forex brokers are based in less stringent jurisdictions, they are allowed to offer leverage ranging up to 1:1000, with no FIFO or PDT rules, no hedging limits, no scalping or EA trading restrictions.

2. Greater Results: Because of competitive 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 the stiff competition from worldwide forex brokers, offshore forex brokers offer tight spreads, lightning fast order execution, and less commissions and swap fees, which improves the trading experience and results for US clients.

5. Valuable Promotions: Offshore forex brokers offer valuable promotions such as 100% deposit bonuses, free deposits/withdrawals, free VPS, free analytical tools that US clients might not otherwise get with domestic US brokers. 

This is because offshore forex brokers are registered in tax heaven and can transfer some portion of tax savings to their clients.

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.

Why most Forex Broker don't accept US clients?

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 forex brokers, including the big ones, find this very difficult and costly operation with tedious reporting requirements.

Just license fee of NFA and CFTC is $20 million compared to maximum $1 million licence fee of even strict jurisdictions such as 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 citizens. 

What are the risks of trading with Offshore Forex Brokers?

Although they are situated in tax haven nations like Vanuatu, Mauritius, Seychelles, Marshall Islands, Saint Vincent and the Grenadines, and Bahamas, due to their nature as offshore forex brokers, this does not always make them less trustworthy.

You will receive some protection because the broker must follow by regulatory rules in these nations. While offshore forex brokers accepting US clients may offer unique opportunities, traders should exercise caution and consider the risks involved:

  1. Lack of investor protection.
  2. No regulator to settle disputes.
  3. Insufficient risk disclosure. 
  4. Counterparty risk.
  5. Limited legal resources.

Understanding the regulatory landscape, investor protection measures, security protocols, and transparency of the offshore broker is essential before making any investment decisions.

Can US clients deal with offshore Forex brokers?

Many US traders are unsure whether having or using a forex account with an offshore broker breaches any federal laws.

I would recommend to take advice from a local attorney who is knowledgeable with these laws.

When I tried to search the internet, I found that 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 still accept US clients in countries where MoU has not been signed with the CFTC.

Top 3 Offshore Forex Brokers Accepting US clients in 2024

Find here latest list and detailed review of the Top 3 offshore Forex brokers accepting US clients for January 2024:

  1. Plexytrade  —  Leverage 1:2000, Order execution speed < 46 ms.
  2. N1CM — Free access to Autochartist tools.
  3. AZAforex — 120% Bonus, PAMM accounts and Binary Options

Quick Comparison Table: Offshore Forex Brokers Plexytrade, N1CM and AZAforex

PlexytradeN1CMAZAforex
Foundation Year202420172016
Execution TypeECN/STPECN/STPECN
Spread0.1 pips0.1 pips0.2 pips
ECN Commission on FX$2.0 per lot$2.5 per lot$3.0 per lot
Max. Leverage1:20001:10001:1000
Order Execution Speed<46 ms211 ms300 ms
Min. Trade Size0.01 lot0.01 lot0.01 lot
Max. Trade Size80 lots50 lotsUnlimited
Stop Out Level20%30%5%
RequotesNoNoNo
Negative Balance ProtectionYesYesNo
Min. Deposit$50$1$1
Base/Account CurrenciesUSD, EURUSD, EUR, BTC16 fiat & 6 Crypto
Deposit/Withdrawal FeesZeroZeroZero
Accept Crypto DepositsYesYesYes
Withdrawal timeWithin 24 hoursWithin 24 hoursWithin 24 hours
Available Markets100+ products in FX, Indices, Crypto, Commodities and StockForex 50+ pairs, Indices 9, Metal & Oil 7, Shares 30+, Crypto 5 instrumentsForex 62 pairs, Indices 7, Metal 5, Commodities 3, Stocks 33, Crypto 10, and Binary options 59 instruments
Trading PlatformMT4 & MT5MT4 & MT5Mobius Trader 7
PAMM/MAMPAMMNot AvailablePAMM
Promotions120% Cash Bonus35% Deposit Bonus120% Loyalty Bonus
EA/Robot TradingAllowedAllowedAllowed
ScalpingAllowedAllowedAllowed
HedgingAllowedAllowedAllowed
News TradingAllowedAllowedAllowed
FIFO RuleNoNoNo
PDT RuleNoNoNo
Swap-free AccountYesNoYes
Live Chat (Mon-Fri)24 hours06:00 - 15:00 GMT08:00 - 20:00 UTC
Language SupportEnglish, Spanish, Persian (Farsi)English, Spanish, French, Korean, Vietnamese, ChineseEnglish
Trading Accounts433
Personal Account ManagerAvailable (for VIP account)Not AvailableAvailable (for VIP account)

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 Plexytrade review, we will go over every aspect of the company in detail that US clients looks for in an offshore forex broker in 2024.

Offshore Forex Brokers Accepting US Clients 2024 Plexytrade
Offshore Forex Broker that accept US Clients in 2024 — Plexytrade

Pros of Plexytrade

  1. Full STP execution.
  2. Maximum Leverage 1:2000.
  3. No-requotes, lightning fast execution < 46 ms.
  4. Raw spread starting 0.1 pips, and lowered ECN commission — $2 only.
  5. 100+ assets across 5 markets.
  6. Live Chat support is available 24/5 and respond within 2 minutes.
  7. Zero deposit/withdrawal fee. Withdrawal within 24 hours.
  8. Negative balance protection.
  9. MT4 & MT5 trading platforms for Windows, Android, iOS and Webtrader.
  10. New Next-Gen trading platform (coming soon).
  11. PAMM accounts for fund managers (coming soon).
  12. Trading Analysis powered by Trading Central (coming soon)

Cons of Plexytrade

  1. No education material for beginner traders (coming soon).
  2. Client support only in 3 languages. 
  3. Assets of clients are not insured by compensation funds.

Overall Summary of Plexytrade - Offshore Forex Broker

In May 2024, forex industry got expanded by one more innovative offshore forex broker accepting US clients by acquiring LQDFX. This acquisition has been a customer-driven decision to enhance the products and services available to LQDFX clients, which will subsequently improve their trading experience. 

The online broker Plexytrade is unregulated and operated by Plexy Trade Ltd, and is based in the Saint Lucia. 

By offering full STP execution, broker proved that they are one of the few transparent offshore Forex brokers who really care about their clients and act in their best interests.

Moreover after migration, the clients of LQDFX are happy with Plexytrade products and services mainly because of:

  • Expanded Product Offering — over 100 assets available across 5 markets
  • MT4 & MT5 Platform (Web and Mobile Apps included)
  • New Next-Gen Trading platform (coming soon)
  • Improved Trading Conditions (lower commission)
  • A wider range of Alternative Payment methods
  • VPS Services
  • Trading Analysis powered by Trading Central
  • Enhanced Security Measures
  • Improved Customer Support to solve any problems on the spot, quickly and efficiently. 

Does Plexytrade Accept US Clients?

Yes, Plexytrade 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.

There are several reasons why Plexytrade 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:

Plexytrade STP Execution Model

Plexytrade 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. 

What is STP execution? and why it’s important to successful Forex trading.

The STP execution means that every time a client places an order, Plexytrade has no conflict of interest, as well as no-requotes, instant execution and no-intervention. 

Every order is placed in their aggregator, which ensures the best price for your order, provided by a number of top liquidity providers.

No matter if you lose or win, this offshore forex broker will never take an opposite side of your trades, therefore they will not benefit on any occasion. 

Plexytrade Account Types - Offshore Forex Broker

Every trader is different, as are their trading needs. It is impossible to meet all of the needs of traders in a single account. Unlike, regular Forex brokers, which only provide a few account types, Plexytrade has designed 4 account types to fulfil the needs of even the most demanding traders: Micro, Silver, Gold Raw, and Platinum VIP accounts.

Plexytrade Accounts Types — Comparison Table

Account TypesMicro AccountSilver AccountGold RawPlatinum VIP
Max. Leverage1:20001:5001:5001:400
Spread0.7 pip0.7 pips0.0 pip0.0 pip
ECN Commission$0$0$4$2
Min. Deposit$50$300$300$10000
Min. Lot Size0.010.010.010.01
Max. Lot Size5505080
7-day Swap-freeNoYesYesYes
Personal Account ManagerNoNoNo Yes
Best Suited forBeginnersSwingEA/ScalperHNI

Some of the features are common to all 4 account types, so we haven’t included them in the above table, such as

  1. Order Execution type Market Execution
  2. Trading Model STP
  3. Requotes None
  4. Trading Platform MT4 & MT5 (Webtrader, Windows, Android and iOS)
  5. Available Instruments 100+ products in FX, Indices, Crypto, Commodities and Stocks.
  6. EAs / Scalping / Hedging / News Trading Allowed
  7. Negative Balance Protection — Available.
  8. VPS — Available.
  9. Stop out level — 20%.
  10. Base Currency — USD/EUR

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 with just $50 in a live account. 

2. Silver Account

If you already gained some experience and want to try your trading strategy for the next level, then Silver Account is a perfect account for you. 

The Silver Account has been designed for traders who prefer a simple commission-free account, without the hassle of calculating commission separately while developing your trading strategy. 

You only need to pay attention to the spread, which is extremely tight in Silver Accounts. Min. deposit requirement in Silver Account is $300. 

3. Gold Raw

The Gold Raw account has been designed for experienced and serious traders who are looking to trade on raw spreads starting from 0.1 pips in an STP/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. Min. deposit requirement in Gold Raw account is $300.

4. Platinum VIP

The Platinum VIP Account is designed to minimise the trading cost by offering interbank trading conditions to HNI, institutional and professional traders, who invest in higher equities ($10000 and up) and trade higher volumes (1000 standard lot and up in a month). 

The maximum lot size for Platinum VIP accounts is 80 standard lots. Min. deposit requirement in Platinum VIP account is $10000.

Plexytrade Trading Conditions

Among all best offshore Forex brokers accepting US clients around the world, the Plexytrade trading environment has the most competitive pricing and flexible trading conditions. They are best for traders who need higher leverage 1:2000, fastest order execution < 46 ms, tightest spread 0.0 pips and lowest ECN commission $2. Let’s go over them all one by one.

1. Spread and ECN Commission

Something big that distinguishes them from other offshore Forex brokers is their aim to supply US traders with low-cost access to the forex market. Plexytrade has a combination of spreads and commissions according to the account type you choose. 

Micro and Silver accounts do not charge commissions and only charge a brokerage fee based on the typical spread starting just 0.7 pips.

On Gold Raw and Platinum VIP accounts, the EURUSD spread is just 0.1 pips on average, with a round-turn commission of $4 for Gold Raw account and $2 for Platinum VIP account per 1 standard lot traded.

Plexytrade Spread - Account Wise Comparison

Spread in PipsMicroSilverGold RawPlatinum VIP
EURUSD1.21.10.10.1
GBPUSD1.81.40.10.1
USDJPY1.21.20.10.1
Gold2.42.31.31.3

2. Plexytrade 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, forex leverage can be a double-edged sword, so be cautious when using it.

The maximum leverage available with the Micro Account is 1:2000. Leverage is 1:500 on the Silver and Gold Raw 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 1:400.

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 Plexytrade, which many offshore Forex brokers don’t credit.

Learn how forex swaps are calculated and its FAQs.

Swap (pips/lot)EURUSDGBPUSDUSDJPYEURGBPGold
Short- 0.13.6- 8.80.91.7
Long- 4.5- 8.83.6- 3.3- 12.1

4. Order Execution Speed

When placing an order, traders will experience less slippage, rejections, and requotes if the order execution speed is lightning fast.

When compared with other offshore Forex brokers accepting US clients, the STP model of Plexytrade ensures no-requotes and lightning-fast execution in less than 46 ms, which is the fastest.

Plexytrade Deposit/Withdrawal Options and Fees

Plexytrade, as one of the best offshore Forex brokers accepting US clients, offers many Cryptocurrencies for deposit and withdrawal via Confirmo or directly, such as Bitcoin, Bitcoin Cash, Cardano, Ether (ERC-20), Litecoin, Ripple, USDC (ERC-20), USDT Tether (Tron TRC-20) where the minimum deposit amount is just $50.

Moreover, the fees on crypto deposit and withdrawal are covered by Plexytrade, which is an excellent aspect for the traders. Funds instantly go into trading accounts.

All Withdrawals are processed within 24 hours on business days. 

Plexytrade Promotions and Bonuses

You can find a good number of different promotions and bonuses from the Plexytrade. The best promotion is the 120% cash bonus. This is giant! You can get bonus up to $24,000! Sounds impressive, right?

Moreover, the 120% Bonus applies to all deposits of $200 or more, is available through all account types, and is credited to your live account instantly upon deposit.

The 120% Cash Bonus applies to all new trading accounts, excluding PAMM, and up to three (3) trading accounts per Client.

The 120% Bonus can be withdrawn/transferred for trading purposes once the total volume requirement (100,000 units round turn on Forex & Metals) has been reached.

 

Plexytrade Customer Support

In Plexytrade, traders can contact 24/5 profession Live Chat support, and this service is also one of the reasons why the offshore forex broker 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 +382 68 04 3222, and the email is support@plexytrade.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, deposit/withdrawal or trade execution.

N1CM offshore forex broker accepting US clients 2024
Offshore Forex Broker Accepting US Clients in 2024 - N1CM

Number One Capital Markets Limited (N1CM) is a cutting-edge foreign currency broker that serves a global clientele with both sophisticated institutional and retail trading conditions.

Accepts clients all over the globe except residents of any country or jurisdiction where its distribution or use would violate local laws or regulations.

This broker offers traders everything they need to succeed in today’s financial markets! Fast execution, deep liquidity, negative balance protection, automated profit withdrawals, and ensuring that money is put safely in segregated accounts are just a few of the features offered by the company.

If you’re looking for an offshore forex broker accepting US clients in 2024, then N1CM is definitely worth considering.

In this review, we will delve into the various aspects of N1CM, including its unique features, trading costs, trading conditions, deposit/withdrawal options, security of funds, and customer support.

Pros of N1CM

  1. ECN/STP Execution Model.
  2. 1:1000 Leverage, Spread starting 0.1 pips.
  3. Fast Order Execution — 211 ms.
  4. MT4 & MT5 trading platforms.
  5. Live Chat respond within 2-3 minutes.
  6. Allows hedging, scalping, and EA trading.
  7. Negative balance protection.
  8. No deposit withdrawal fee.
  9. FREE access to Autochartist™ tools.

Cons of N1CM

  1. No VPS service.
  2. PAMM/MAM account is not available. 
  3. Swap-free account is not available. 

Overall Summary of N1CM — Offshore Forex Broker

N1CM is an offshore forex broker, a Vanuatu based company founded in 2017, holding offices in London and Istanbul. N1CM is governed by and strictly adhere to the rules and regulation imposed by VFSC. Unlike US or EU-based brokers, this permits N1CM to provide restriction-free forex trading environment for all types of trading strategies such as hedging, scalping, EA trading, and news spike trading.

Additionally, N1CM is among a few offshore forex broker that provides leverage of up to 1:1000. Forex traders can also take advantage of their 35% First Deposit Bonus and 25% Redeposit Bonus.

For US and global clients, this online forex broker offers 50 currency pairs, 7 indices, 5 cryptocurrencies, 8 metals and oils, and 25 share CFDs.

Also, they have three account types – cent, standard and ECN to meet trading requirements of all types of forex traders.

With their MT4 & MT5 trading platform, trader have more than 50 advanced indicators and tools available to help traders to analyse the price dynamics of financial instruments across nine time frames.

Customer support provides professional live chat 24/5, phone support, email support, and a contact form.

According to our research, N1CM is placed second among top 3 offshore Forex brokers that accept US clients, and the best CFD broker globally. 

Now, let’s have a closer look at all the unique advantages of N1CM, and trust me, you don’t want to miss this!

Does N1CM Accept US Clients?

Yes, N1CM 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.

For US and Canadian clients only Cryptocurrencies option is available for deposit and withdrawal.

Trading Products N1CM - offshore Forex Broker

N1CM offers a range of trading instruments in various markets, namely Forex, Indices, Commodities, Shares, Cryptocurrencies and Precious Metals. 

This offshore forex broker offers trading in 7 major, 21 minor and 22 exotic currency pairs with tight spreads and competitive commissions. What more could you ask for?

N1CM 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.

They 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.

If you are excited about Cryptocurrencies trading, N1CM will not disappoint you, they have BTC, ETH, XRP, LTC and BCH cryptos. 

N1CM Account Types

N1CM has a range of flexible account types to meet all traders needs. These accounts are: Cent, Standard and ECN account.

N1CM Accounts Types - Comparison Table

N1CM AccountsCentStandardECN
Max. Leverage1:10001:10001:1000
Spread0.9 pips0.8 pips0.5 pips
ECN CommissionZeroZero$5
Min. Deposit$1$10$10
Micro Lot Trading0.010.010.01
Stop Out Level30%30%30%
One Click TradingAvailableAvailableAvailable
Negative Balance ProtectionAvailableAvailableAvailable
Dedicated Account ManagerNoNoYes
Best Suited forBeginnerEA/ScalperHigh-Volume

Some of the features are common to all 3 account types, so we haven’t included them in the above table, such as 

  1. Order execution type Market Execution
  2. Trading Model  ECN/STP
  3. Requotes None
  4. Trading Platform MT4 & MT5 (Desktop, Web Trader and Mobile Android and iOS).

1. Cent Account

Cent 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. 

Broker requires just $1 to start live trading on Cent account. 

Minimum lot size that you can trade is 0.01 lot. 

This account offers a Leverage of 1:1000 and average spread of 0.9 pips without any addition ECN commission. 

2. Standard Account

Standard account is 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 when ECN commission is not separately included in trading cost.

Broker requires just $10 to start Live trading on this account.

Standard account offers a Leverage of 1:1000 and spread is 0.8 pips.

3. ECN Account

ECN account is for experienced and institutional 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 mark-ups and super-tightened spreads starting at 0.5 pips.

Ideal for scalping and high-volume trading for US clients. 

N1CM requires a minimum deposit of just $10 to start live trading on ECN account. Compared to other offshore forex brokers it is quite low minimum deposit requirement.  

This account offers a Leverage of 1:1000 and interbank spread with No mark-ups. ECN commission per standard lot per side is just $5 for round turn. 

Leverage, Spread, Commission, Swaps

N1CM is known for providing a superior trading experience that offers each and every client the most competitive trading conditions. Let us examine each of these trading conditions one by one:

1. N1CM Leverage

What you have to know is that N1CM leverage is up to 1:1000. Very few offshore forex broker accepting US clients offers 1:1000.

High leverage trading has various advantages, but you should be aware that employing high leverage can be a double-edged sword in your forex trading strategy.

2. Spread and Commission

N1CM have average variable spread from 0.5 pips to 0.9 pips. Their ECN commission is $5 per standard lot for round turn.

In ECN account, commission is charged along with the spread, so you need to cover the spread 0.5 pips which equivalent to $5 and commission $5. Total $10 traders pay to N1CM as a brokerage fee when they trade 1 standard lot with them.

N1CM Spread — Account Wise Comparison

Spread (Pips)CentStandardECN
EURUSD1.11.00.5
GBPUSD1.21.00.7
USDJPY1.21.00.7
Gold252020

3. Swap Rates

N1CM 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.

N1CM Swaps Comparison

Swap (pips/lot)EURUSDGBPUSDUSDJPYEURGBPGold
Short0.00-1.80- 5.5- 1.002.50
Long- 7.00- 6.00- 2.00- 3.90- 7.00

N1CM Trading Platforms

MetaTrader 4 & 5 is the most widely used trading platform in the world for forex trading, and the N1CM’s MT4 & MT5 trading platform makes it simple for you to enjoy lightning fast trade execution 211 ms, high liquidity, and the incredibly intuitive interface.

One more important feature that attracts more traders to them is availability of their MT4 & MT5 trading platform on desktop platform, WebTrader, iPhone trader, iPad trader and Android trader.

With their MT4 & MT5, 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 by N1CM

Well, you can’t miss N1CM’s bonuses and promotions which are a great opportunity offered by the best offshore forex brokers accepting US clients!

  1. 35% First Deposit Bonus: Traders will get 35% bonus up to $5000, which is applicable on first deposit. Their clients can have up to three MT4/MT5 Bonus Accounts. Isn’t it awesome!
  2. 25% Redeposit Bonus: Get 25% Re-Deposit Bonus when you fund your account again after your first deposit.

The minimum deposit to quality for the bonus promotion is $100.

Deposit and Withdrawal Options

N1CM has 11 Crypto and 3 E-Wallet payment methods which you can choose to fund your account with no deposit fees and withdraw the same day. Crypto payment methods includes Bitcoin, Ethereum, Tether, USDC, Litecoin, Bitcoin Cash, Binance Coin, Dogecoin, Ripple. Dash, Tron and E-Wallet payment method includes Perfect Money, Fasapay, and Sticpay.

Withdrawal time for Crypto is up to 4 hours during business days, withdrawals for Perfect Money, Fasapay, and Sticpay are processed on the same business day.

Good news: Deposit and Withdrawal fee is covered by N1CM. 

Autochartist™ for N1CM

N1CM clients can have free access to Autochartist™ by registering an account and utilising its trading features..

Traders can easily analyse markets, spot potential trading opportunities, and make quick decisions about what and when to trade with Autochartist™.

Autochartist™ provides real-time trade setups for both experienced and inexperienced traders. Each month, Autochartist offers over 1000 trading opportunities and ideas that can improve your trading results. 

What N1CM clients can expect from Autochartist™:

Autochartist™ automatically analyses all the charts in your watchlist and delivers the results directly to you inside your chosen platform. Autochartist™ offer the following kinds of analysis:

  •  Technical chart patterns
  •  Fibonacci patterns
  •  Horizontal support & resistance levels
  •  Extreme Movements
  •  Consecutive Candles
  •  Macroeconomic forecasts

Such an automatic financial market analysis service is not offered by any other offshore forex broker that accepts US clients in 2024. Give credit to N1CM for providing their clients with access to this innovative solution.

Offshore Forex Broker Accepting US Clients 2024 AZAforex
Offshore Forex Broker Accepting US Clients in 2024 - N1CM

Are you looking for a reliable offshore forex broker accepting US clients in 2024 to trade FX, Crypto, Binary, Indices, Stocks and Commodities? With numerous forex brokers available in the market, it can be challenging to find the right one that meets all your trading needs.

Let us introduce you to AZAforex, the third best offshore Forex broker for US clients on our list.

Established in 2016, AZAforex brokerage services are available to individuals and businesses globally, free from dealing desk or trading restriction.

In this review, we will take a closer look at AZAforex, a popular forex broker that claims to provide traders with a competitive trading conditions that include tight spreads, high leverage, decent bonuses, no delays, no requotes, no freeze levels, no slippage, and split-second execution even during news events.

Pros of AZAforex

  1. ECN Order Execution Model, NDD (Non-Dealing Desk).
  2. 1:1000 Leverage.
  3. 24/7 Cryptocurrency trading.
  4. No delays, No-Requotes, No-Freeze Levels, No Slippage.
  5. Mobius Trader 7 Desktop, Web, iOS, Android, Linux.
  6. Swap-free trading accounts.
  7. Binary Options trading is available (49 instruments).
  8. PAMM account for fund managers.
  9. Scalping and Hedging Allowed.
  10. Withdrawals are processed within an hour.

Cons of AZAforex

  1. No MT4, MT5 and cTrader platform.
  2. No educational program.
  3. Only 12/5 live chat support.

Overall Summary of AZAforex - Offshore Forex Broker

AZA Pro LLC (AZAforex) is a Marshall Island-based offshore forex broker that has been in operation since 2016.

The instruments can be traded on powerful and professional Mobius Trader 7 trading platform on desktop, webtrader, iOS and Android.

The minimum deposit is incredibly low, only $1, which is perfect for traders with a low budget or who are still learning forex trading.

The leverage with 1:1000 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. 

Now, let’s have a closer look at all the unique advantages of AZAforex that made it the best offshore forex brokers accepting US clients in 2024, and trust me, you don’t want to miss this!

Does AZAforex Accept US Clients?

Yes, AZAforex accepts clients from all over the world, including the US, UK and Canada. However, global traders must ensure that registration does not violate any local country law or regulation.

AZAforex Trading Products - 24/7 Crypto Trading

This offshore broker offers a restriction-free trading environment to trade over 200 CFD instruments on Forex (51), Cryptocurrencies (10), Binary Options (49), Indices (12), Stock CFDs (149), Commodities (12), and Metals (5). 

Crypto trading is possible 24/7, instead of the usual 24/5 at other forex brokers. You’ll be able to trade Cryptos during the weekends where you have more free time. 

How long is AZAforex Withdrawals?

Withdrawal requests with AZAforex are processed within an hour. In fact AZAforex is the only offshore forex broker that process withdrawal within an hour. 

Withdrawals without verification are available for clients using cryptocurrencies or exchanges. For withdrawal of funds by E-wallets and Cards, it is available for those who have uploaded documents and have been verified. 

If the deposit amount is more than 100 USD by E-wallets, 300 USD by cards and 1000 USD by bank transfer per one transaction, the company covers fees of this payment system.

For deposit and withdrawal you can use Cryptocurrencies such as Bitcoin, Ethereum, Tether, USDC, Ripple and many more. You can also use Mastercard, Visa, Bank Wire Transfer, and e-wallets such as Skrill, Neteller via online Exchanges such as alfacash, Paybis, Paygate, and Uphold.

The broker does not require any form of fees for depositing or withdrawing, but you should be reminded that transactions via Blockchain or online Exchanges or E-Wallets are not free.

No KYC Documents Required

AZAforex does not demand a KYC document for Crypto deposit and withdrawals. Traders do not need to do this with AZAforex because of the anonymity of Cryptocurrencies. 

Traders can set up a live trading account within 10-minutes and start trading.

Other offshore forex brokers want to verify your KYC documents before allowing you to trade on a live account. Account verification could sometimes take up to a week, and sometimes traders get frustrated and loss all desire to trade.

Sometimes it is also difficult for traders to submit a valid proof of address, making it much harder to set up their account.

AZAforex Leverage

The leverage AZAforex offer on Forex is 1:1000, Cryptocurrencies: 1:100, Metals: 1:200, Indices: 1:1000, Commodities: 1:200, and Stocks: 1:1000.

The 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. 

AZAforex Trading Platforms

Trading platforms offered on the website include, powerful and professional Mobius Trader 7 trading platform on desktop, webtrader, iOS and Android.

AZAforex Mobius Trader 7 is a strong and reliable trading platform that offers full functionality. The platform provides transparent pricing, lightning speed and all platform features without limits. The new functionality outperforms existing market analogues. You can install the PC trading platform on Windows, Mac, and Linux operating systems.

If you travel a lot, then Mobius Trader 7 is also available for your mobile phone. The MT7 mobile App is a convenient trading platform for iOS and Android-powered mobile devices. 

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.

AZAforex Account Types - Offshore Forex Broker

AZAforex offers all registered clients upon signing up more than just one account option that is START, PRO and VIP account. 

  1. START Account: If you are new to the forex trading or want to test broker’s trading conditions and your trading strategy on a live account, a START account is an excellent way to enhance your trading skills, test the trading terminal, and practise trading. START account allows you to trade with $1 deposit and real-time quotes without risking big capital, as well as simulate different profit and loss scenarios.
  2. PRO Account: After you’ve mastered the trading interface, learnt about the live trading environment, and are ready to take higher risks, you can open a PRO trading account.
  3. VIP Account: VIP accounts are offered to both experienced individuals and institutional traders with significant deposits (usually $10,000 or equivalent) and active trading volumes (often 500+ lots per month). VIP clients receive free VPS service, a Personal Account Manager, and exceptional trading conditions like as lower spreads or ECN commissions.

AZAforex Accounts Types - Comparison Table

AccountsSTARTPROVIP
Min. Deposit$1$2000$10000
Max. Leverage1:10001:10001:1000
Spread1.0 pips0.5 pips0.1 pips
ECN CommissionZero$6$3
Min. Trade Volume0.0001 lot0.0001 lot0.0001 lot
Max. Trade VolumeUnlimitedUnlimitedUnlimited
Stop Out Level5%5%5%
PAMM AccountFor deposits over $100AvailableAvailable
Dedicated Account ManagerNoNoYes
Best Suited forBeginnerEA/ScalperHigh-Volume

Is AZAforex good for Binary Options trading?

Binary Options trading is available with AZAforex for 22 hours a day, six days a week. Trading starts on Sunday night and ends on Friday night.

The minimum bet is 1 USD, the maximum is 1000 USD. Options are traded without commissions.

AZAforex offers both Chinese and American options. The only difference between Chinese and American options is the presence of a spread.

When trading Chinese options, the bet will open at the Ask price when betting on a price increase and at the Bid price when betting on a price decrease, with no delays.

Trading American Options does not require a spread. The bet will open at the average price between Ask and Bid for price rise and decline, with a 60-second delay.

Final Thoughts on Offshore Forex Brokers Accepting US Clients in 2024

To conclude, if you’re a day trader, searching for an offshore forex brokers accepting US clients and offering the lowest spreads and the fastest order execution possible without requotes, Plexytrade is the ideal offshore forex broker for US Clients.

If you have a high risk appetite and looking for an advanced analysis tool that helps you make informed trading decisions, an offshore forex broker N1CM with Autochartist™ is right for you.

AZAforex is an excellent choice for you if you are enthusiastic about the Crypto and Binary Options trading 24/7 without interruption alongside Fiat Currencies and other CFD markets.

If you found this review helpful in understanding the best offshore forex brokers for US clients in 2024, I’d appreciate if you could share it via Twitter or Facebook to raise awareness about the freedom, flexibility, and opportunities available with offshore forex brokers. Thank you very much.

I wish you good luck in forex trading!

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Methodology

We are committed to providing traders with unbiased, comprehensive and updated review of the best offshore Forex brokers accepting US clients in 2024. Our review team created this best-in-industry methodology for ranking offshore forex brokers for US traders of all levels. 

To collect data, we closely examined each offshore Forex broker’s 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 on trusted review forums.

We evaluated all offshore forex brokers on more than 80 variables in 10 key categories, including:

  1. Broker’s Reputation — At Forex forums like ForexPeaceArmy, Trustpilot, and ForexFactory.
  2. Customer Service — Live Chat Support (24/5), Ticket System, email and phone support. 
  3. Trading Experience — Order Execution Quality, Spread, Execution speed, Slippage, Requotes, Execution type, Negative Balance Protection, Margin call/Stop out levels. 
  4. Trading costs — Spread, Commission, Swap rates.
  5. Leverage — Max. Leverage for different trading instruments. 
  6. Security of fund — Segregated accounts.
  7. Ease of Account opening — KYC docs requirements, time required for documents approval, Website navigation.  
  8. Stress-Free trading — Time taken for deposit/withdrawal, Speedy resolution of Customer’s Complaint.
  9. Range of Markets — Forex, Indices, Energies, Commodities, Cryptos, Stocks.
  10. Unique Features — PAMM/MAM, Chart Analysis, Charting Tools, Education, Trading Tools, Economic Calendar, VPS.

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