This icon precedes recent changes in posts 1 thru 5. Here is an updated list of the offshore brokers vetted so far in this thread, and the results of our inquiry into whether these brokers will open new accounts for U.
Definition — Offshore Broker. Information on platforms, initial deposit, leverage, and spreads was obtained from broker websites. In some cases, this information is not readily retrievable. If you are able to fill in any of the missing information below, please do.
In each of the listings below, the account referenced is the account requiring the smallest initial deposit. Several brokers in Group 1 accept Bitcoin for deposits and withdrawals.
In the listing below, these brokers are labeled Bitcoin accepted. It is not practical to show spreads for all currency pairs, for each broker. Email and telephone contact info is included for each broker in Group 1 for those who wish to make their initial contact without visiting the broker's website. The offshore brokers in Group 1 have been discussed and reviewed in various posts throughout this thread. Four of the brokers in Group 1 are designated as Trusted Brokers.
In each case, the designation of Trusted Broker was determined by a consensus of thread participants primarily participants who trade live accounts with the broker being vetted.
Each of our Trusted Brokers was judged to be exemplary based on these criteria: Domiciled in UAE, offices in Rep. Address is a mail-drop in Dominica, phone is in the Dominican Republic area code. This broker appears to be Russian-owned, domiciled in SVG, physical location not revealed. Vincent and the Grenadines -- new Group 1 broker.
Classic optional and Pro default -- all accounts are denominated in bitcoin. No personal information except valid email address required to open live accounts. Negative balance protection on all accounts. MT4 desktop, web, and mobile. Other cryptocurrencies can be deposited after conversion to bitcoin via Shapeshift.
Use extra due diligence until this issue is resolved. See post and forward for discussion of this problem. This broker acquired the U. MT4 and MT4 mobile. For Links to Discussions of Group 1 Brokers, see post 2. Posts , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and Posts , , and Posts , , , and Posts , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and Posts , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and Posts , , , , , and Posts , and Posts , , , , and Posts , , , , , , , , , , , , , , , , , , , , , , , , , and For Group 2 brokers, see post 3.
The list below consists of brokers in 7 categories, combined into a single, alphabetized listing. The 7 categories are:. These brokers are in Group 1 of our Offshore Broker List. These brokers are in Group 2 of our List. These brokers are no longer listed in either Group 1 or Group 2. These brokers are not offshore brokers, and are not included in either Group 1 or Group 2.
ActivTrades UK multi-asset brokerage: Vincent and the Grenadines new Group 1 broker. AxiTrader Australia retail div. Japan new name of Alpari Japan K. Equiti Global Markets UK new retail div. Falcon Brokers Ltd Cyprus license revoked by CySec for segregated funds irregularities; customer positions ordered closed; principals fined and banned from the financial industry.
Forex Broker Inc Marshall Islands no longer operates as a retail forex broker now operates as an IB for 6 retail brokers. Vincent and the Grenadines. Fortress Prime Dubai defunct prime brokerage, currently being shut down by parent Fortress Capital Investments. Integral Forex Turkey div. LegacyFX Cyprus founded in , owned by technology company Leverate Cyprus operation suspended.
Lionstone Investment Services Russia binary options broker reportedly going out of business. Vincent and the Grenadines no U. PhillipCapital Singapore exchange-traded equities, options and futures including currency futures no OTC spot forex. Alphabetical List - continued in post 5. Sensus Capital Markets Malta no longer accepts U. Vincent and the Grenadines no longer accepts new U.
Vincent and the Grenadines fx and binary options. Tickmill Ltd UK no U. Trade 12 UK subs. USG Capital Israel subs. On the Broker Aid Station forum, a discussion got started about trading through foreign brokers who are outside the jurisdiction of the CFTC. That particular topic really doesn't belong on that forum.
So, I'm opening this thread, as a place where that topic can be continued. Then, in subsequent posts, we can talk about specific foreign brokers, and whether there are advantages to trading with them. On another thread, I called Gensler "a sneaky, little weasel", and I stand by that description. Gensler set up a straw-man the In 9, public comments to the CFTC, we battled against that All the while, Gary Gensler and his crew were saying, "Gotcha you'll take And, by the way, like hell you'll take your trading business offshore!
The CFTC never intended to impose a From the very beginning, their objective was Many reasonable folks, including several on this forum, have pointed out the hazards of using too much leverage, and have endorsed the new CFTC limit.
Which misses the point entirely. It is not the proper business of government to regulate the way we live our lives. And it's not the proper business of government to tell U. Finally, it's not the proper business of government to tell U. It is appropriate for the government to require brokers to furnish full and honest disclosure of the risks involved in forex trading, and to furnish full and honest disclosure of the terms and conditions of the trading accounts which they offer.
And it is appropriate for the government to prosecute fraud wherever and whenever it occurs in any of the financial markets.
But, they cannot yet prevent us from having those accounts. These people seem to believe they have the right and the power to do anything they want to do. These agreements have effectively extended U.
There still are countries where these agreements do not yet exist and we are eager to find reliable brokers within those countries who will do business with us.
And there are a few offshore brokers, in Memorandum countries, who have the courage to defy the over-reaching U. Here's what I was told:. They have canceled their plans to open a U. As a bank, Deutsche Bank is domiciled and regulated in Germany. But, their forex operation, dbFX, is domiciled in the U. Deutsche Bank the German-domiciled bank has a large presence in the U. I have placed my name on a list of people to be notified when that determination is made, and I will pass that info on to you, when I get it.
Have you looked at Dukascopy at all? They're one of the largest, if not the largest, Swiss brokers as I understand it. I currently use DukC and like em as a broker. Hope all is well with you.More...