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. 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.

They are labeled Bitcoin accepted in the listing below. 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. For more on this option, see THIS POST. The offshore brokers in Group 1 have been discussed and reviewed in various posts throughout this thread.

For LINKS to recent posts going back several years relating to the Group 1 brokers, see Post 7. Two 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.

Both of our Trusted Brokers were judged to be exemplary based on these criteria: For some background on the selection of our Trusted Brokers, see THIS POST. FinproStation including Web and Mobile , MT4, Zulu Trader Web and Mobile. Finpro Trading A Leading Broker for Forex and CFD with over instruments Email: STP Premium account, and Fixed account ; ECN Zero account.

MT4 including WebTrader, iPhoneTrader, iPadTrader, and Android Trader. Financial and Capital Markets Commission FCMC , Latvia. Established in UAE , in Georgia , and in Bulgaria Domiciled in UAE, offices in Rep. MT4, MT4 mobile, FXGlory Web Trader. Address is a mail-drop in Dominica, phone is in the Dominican Republic area code. Best Forex MT4 Broker Trader's Way Email: International Financial Services Commission IFSC Belize.

MT4 Classic account , MT4 and MT5 Pro account. PaxForex - Forex Bonus and Contest Gold Silver Currency Trading CFD Email: Financial Services Authority FSA of SVG.

Download - UpdateStar - fuwababe.web.fc2.com

This broker appears to be Russian-owned, domiciled in SVG, physical location not revealed. Real Trader 4 MT4 , MT4 mobile. Forex Trading - Real Trade - Best Forex Broker Email: Vanuatu Financial Services Commission VFSC Other products: This broker acquired the U. MT4 and MT4 mobile. No commission micro acct , 6 USD or EUR round-turn commission, per std. 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. ACFX Cyprus owned by Atlas Capital Financial Services Ltd Cyprus suspended by CySEC, April ACM Gold and Forex Trading PTY Ltd South Africa trading license reinstated Oct by S.

ACM Group plc UK aka Alpha Capital Markets plc UK FX, CFDs and spread betting no U. ActivTrades UK multi-asset brokerage: Vincent and the Grenadines new Group 1 broker. Admiral Markets Estonia broker is advising clients to transfer accounts to Admiral Markets UK. AETOS Capital Group Pty Ltd Australia regulated in Australia, primarily targets Chinese market.

Alfa-Forex - Alfa Capital Holdings Cyprus Ltd Russian, domiciled in Cyprus no U.

Fxnet forex peace army

Japan acquired by Dukascopy Switzerland , and renamed Dukascopy Japan K. AlphaTrade - Nemesis Capital Ltd SVG head office Sofia, Bulgaria blacklisted by BCSC UK license suspended. AlphaTrade Solutions SVG Ltd Cayman Islands subs. Alpha Trading CM India website currently taken down do not confuse with AlphaTrade UK Ltd. Arena Capital New Zealand fictitious scam FX broker trading as BlackfortFX in liquidation. ATC Brokers US introducing broker futures and forex presently in Chapter 11 bankruptcy.

Atom8 - Atom8 Financial Services LLP UK London ECN broker, FCA-regulated no U. ATS Markets - ATS Markets Global Ltd Belize scam the ATS certificate of incorporation is a forgery IFSC - Belize. Ava Trade EU Ltd Ireland planned acquisition by Israeli gaming company Playtech nixed by Ava shareholders.

Capital City Markets Vanuatu new Group 1 broker acquired the U. Click Japan world's first margin forex trading exchange, part of Tokyo Financial Exchange Inc TFX. CWM FX UK subs. Divisa UK Ltd - Divisa Capital UK prime broker, now entering the retail market May '17 see Equiti Global Markets. Japan new name of Alpari Japan K.

EQTrades - Global Equity Brokers Belize Ltd Belize Russian-owned broker affiliated with EQMarkets? Equiti Global Markets UK new retail div. EZTD Cyprus new name of EZTrader Cyprus recently licensed to operate in Japan no U.

EZTrader Cyprus troubled fined Cyprus FX and CFD broker, recently renamed EZTD no U. Forex Optimum - Forex Optimum Group Limited Russian company, registered in St. Vincent and the Grenadines.

Forex TG Pty Australia aka FXTG currently under fraud investigation by Australian regulator ASIC. Fortress Prime Dubai defunct prime brokerage, currently being shut down by parent Fortress Capital Investments. FXCM Group LLC US - subsidiary of Global Brokerage Inc US , and parent of FXCM UK, FXCM Australia, etc. FXCM Inc - Forex Capital Markets Inc US de-listed NYSE corp. FXCM LLC - Forex Capital Markets LLC US banned from the U. FXCM UK, Australia, Germany, South Africa, Israel, etc.

FXTG Australia scam broker run by founder of Israeli scam broker UTrade see Forex TG Pty Australia. FX United New Zealand United Global Holdings Ltd NZ not regulated no U. Gain Capital Holdings Inc US see Forex. Gallant Capital Markets British Virgin Islands acquired by WSM Invest New Zealand declared bankruptcy April GFT Markets Australia trading name of Gain Capital - Forex.

GKFX UK -- GKFX Financial Services Ltd UK subsidiary of Global Kapital Group Ltd UK no U. GKFX-ECN -- GKFX Internet Yatirimlari Ltd Russia international operations of parent company GKFX UK. GMO Click Japan world's largest fx brokerage by trading volume trading member of the TFX Click system see above. GTX - Gain GTX LLC US institutional division prime broker and ECN of Gain Capital Holdings Inc US. Hotspot FX UK institutional ECN broker owned by securities exchange BATS Global Markets.

House of Borse UK FCA-regulated broker catering to institutional clients in the Middle East and North Africa MENA region. IBFX Australia, Pty Ltd Australia owned by TradeStation division of Monex Group - Japan being sold to Oanda Aus. IBFX US forex brokerage division of TradeStation US currently being sold to Oanda US. ICM Capital Markets Belgium? IKON Finance Ltd UK retail fx operations suspended by FCA March do not confuse with IKON Global Markets US.

Integral Forex Turkey div. IronFX Global Ltd Cyprus CySEC-regulated see 8Safe UK Ltd UK and GVS AU Pty Ltd Australia. JFX - Jiffix Markets Ltd Cyprus out of business clients transferred to Traders Trust Cyprus. Juno Markets New Zealand very new mainly focused on the Asian FX market no U. Ltd Japan subsidiary of Mitsubishi UFJ Financial Group a TFX Click broker.

LegacyFX Cyprus founded in , owned by technology company Leverate Cyprus operation suspended. Lionstone Investment Services Russia binary options broker reportedly going out of business. MB Trading US acquired by TradeKing US MB Trading exited the forex market October MMA Forex Dubai brokerage arm of MMA Group Dubai SCAM ponzi-scheme, shut down by Dubai authorities.

MMA Bank GT Dubai new name of reorganized MMA Forex warnings issued in Sweden, Ireland, and Switzerland. MXTrade - Lau Global Services Corp Belize KROUFR blacklisted scam do not confuse with MXT Global Australia. NPBFX Belize Russian-owned subsidiary of Nefteprombank , offices in London and Belize no U.

Vincent and the Grenadines no U. One Financial Markets UK FSA UK and FSB SA regulated broker, focused on Middle East and s. PhillipCapital Singapore exchange-traded equities, options and futures including currency futures no OTC spot forex.

PhillipCapital UK FX, CFD indices and commodities subsidiary of PhillipCapital Singapore. Japan has acquired FXCM Japan Securities Co. Royal Forex Trading - RFXT Lebanon licensed by CySEC Cyprus , Sep , providing access to the European market. Sensus Capital Markets Malta no longer accepts U.

Vincent and the Grenadines no longer accepts new U. TD Markets Ltd UK owned by TDM Holdings Inc St. Vincent and the Grenadines fx and binary options. TempletonFX UK one of the trading names of Templeton Securities Ltd UK IB for ACM Group plc UK.

Templeton Securities Ltd UK parent of TempletonFX UK not affiliated with Franklin Templeton Investments. ThinkMarkets UK TF Global Markets UK Ltd, and TF Global Markets Australia Pty Ltd formerly ThinkForex.

Tokyo Financial Exchange Inc - TFX Japan Japanese futures exchange; also Click margin-fx trading exchange see above. Trade 12 UK subs. TradeKing Forex US IB for Gain Capital US acquired MB Trading, Aug TradeKing is for sale as of Jan TradeNext Ltd UK no U.

Forex Broker Reviews

Tradeo Cyprus - brand name of UR Trade Fix Ltd Cyprus social trading platform for FX and CFD's. TradeStation Forex US subsidiary of Monex Group Japan parent of IBFX US and Australia being sold to Oanda. Vincent and the Grenadines recently added to Group 1. USG Capital Israel subs. UTMarkets - United Trading Markets Bulgaria? UTrade Premium Ltd Israel algo-trading brokerage, banned by Israeli Securities Authority ISA scam.

XForex - XFR Financial Ltd Cyprus currently being dissolved clients are being transferred to Xtrade Cyprus.

Xtrade Cyprus - XFR Financial Ltd Cyprus no U. 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. I'll start this thread with a rant about the CFTC because I have some ranting to get off my chest. Then, in subsequent posts, we can talk about specific foreign brokers, and whether there are advantages to trading with them.

Getting free of the CFTC, the NFA, and the rest of the Nanny State. By Gary Gensler, the head of the CFTC. 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.

It is not the proper business of government to tell us how many calories we may consume, or how much we may drink, or how much of our paychecks we may spend on lottery tickets, or HOW MUCH FOREX LEVERAGE WE MAY USE. 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. The CFTC has U. But, the CFTC has no authority over foreign brokers who operate entirely outside the U. But, they cannot yet prevent us from having those accounts.

The CFTC, and their sock-puppet the NFA, are behaving like the rest of the Nanny State: These people seem to believe they have the right and the power to do anything they want to do.

Soon after we began this search for offshore forex brokers, we discovered that the CFTC and other U. 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. Some things I learned this week about ACM and dbFX. Earlier this week, I called ACM in Switzerland, and dbFX in New York, and specifically asked whether they are subject to CFTC regulation in any way, and whether they accept U.

Here's what I was told:. ACM Advanced Currency Markets, Geneva, Switzerland is completely beyond the reach of the CFTC. They have canceled their plans to open a U. ACM is regulated by FINMA in Switzerland; they have an application pending with the Swiss banking authorities to become a Swiss bank; and they welcome U.

Here is the ACM website Online Forex Trading Currency Trading ACM. 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. Here is the dbFX website Forex Trading Online Currency Trading Rates FX Research dbFX. Here is ACM's website Online Forex Trading Currency Trading ACM. Deutsche Bank has a large presence in the U.

Have you looked at Dukascopy at all? They're one of the largest, if not the largest, Swiss brokers as I understand it. Posts , , , , , , , , , , , , , , , , , , , , , , , , , , , , and Posts , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and Posts , , and Posts , , , and Posts , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and Posts , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and Posts , , , , and Posts , , , , , , and Posts , and Posts , , , , , , , , , , , , , , , , , , , , , , , , and I currently use DukC and like em as a broker.

I spoke with them yesterday to make sure that the CFTC NFA crap would not affect my account. I've gathered some information from their website Forex trading, ECN Broker, Managed accounts, Swiss FX trading platform but I haven't yet spoken personally with anyone at Dukascopy.

Hope all is well with you. I have pretty much deforumed if thats the word due to the fact that I have a fulltime job, as well as try to trade as much as possible, so something has to go. I do check in now and then but nothing like 6 or 8 months ago when I spent hours a week reading and commenting. Glad to see you still over here. If you have any information to the contrary please let me know. Thanks for the info. I approached them a few days ago, and they said the wouldnt accept us clients.

Maybe I was speaking to someone uninformed over there. I am going to call them again. It seems as though most of the AUS firms will continue to accept us clients, vantage, gomarkets, forex fs. Plus the two from panama forex-metal, and eforex. Additionally, while I understand the issue with us based companies with international affiliates having to comply with the CFTC. What is the primary issue for non CFTC regulated firms refusing to accept us clients?

If the CFTC has no jurisdiction, what could they possibly do? Does anyone know anything about liteforex I could not find any US locations listed on the website. I am interested in liteforex because of the small trade size allowed. Clint I totally agree with your sentiment and frustration with our government making regulations under the pretense of protecting ourselves from ourselves. In reality a The new regs as they are now will probably not affect my trading much. Its that dam slippery slope that has lower margin limits, higher minimum balances, limits on trade frequency, fees on transactions trades , and the big one even higher taxes at the bottom of the slope that has me worried and considering finding a way to move offshore.

I know it won't matter where my broker is the tax man will send the bill to me living in the USA: Im a US resident and im moving out by FOREX account, due to NFA being a puppet! I would also like to ask: As a US citizen, is my capital covered by EU, FSA, FINMA regulations if the broker I choose is regulated with one of these institutions?

I've spent some time this weekend on the Forex Broker Guide site, sifting through their listing of forex brokers I was using this particular site mainly because it has a longer list of brokers over than any other site that I am aware of. At the end of this post, I'll explain a little about how this site gathers data, and how their Advanced Search feature works or doesn't work.

I used this site to compile lists of "trusted" offshore forex brokers, sorted by country. For this post, I'm listing only brokers domiciled in Switzerland, Germany, Denmark, the U.

More on what "trusted" means, or doesn't mean, at the end of this post. These lists have to be taken as raw data, at this point. The brokers listed here may or may not meet your particular criteria for a forex broker.

For example, these lists have not been filtered for any of the following criteria: In other words, there's a lot of due diligence yet to be done. CMS Forex Forex - Forex Trading - FX - FX Trading - CMS Forex UK.

Activ Trades Activtrades - Forex, CFD, Futures. Low or Zero Commission. Alpari UK Forex trading FX with Alpari UK - Online currency trading. Finotec Forex, Forex Trading, Online Forex Trading Platform - Finotec UK Trading. HY Markets HY Markets Home.

One Financial One Financial Markets Trading Broker —Regulated by FSA London, UK. ACM Online Forex Trading Currency Trading ACM. Banque CIM Swiss Forex Bank - Private Banking Geneva, forex broker.

Dukascopy Dukascopy Bank SA Swiss Forex Bank ECN Broker Managed accounts Swiss FX trading platform. Tadawul FX Online forex trading with leading online forex broker Tadawul FX. Varengold Successful Forex Trading with Varengold Bank FX. Axi Trader Forex Trading Forex Broker Forex Brokers Forex Trading Platform. GO Markets Online Forex Trading MetaTrader 4 Brokers - GO Markets. IG Markets - Australia CFD Trading Account CFD Account. Latitude FX Trade foreign exchange online - Live currency trading.

WSD WSD Global Markets Ltd: The online trading provider matching highest standards in integrity and safety.

Saxo Bank Forex Trading Online Trade FX, CFDs, FX Options at Saxo Bank. The Forex Broker Guide site is owned and operated by a New Zealand company, and it seems to work this way: In most cases, the brokers have furnished enough information that you can decide whether you want to take a closer look at them. However, some brokers for whatever reason apparently do not furnish information about themselves, and this results in a number of bare-bones listings which don't tell you much.

In most of these cases, it's not possible to tell from the listings even where those brokers are domiciled, or how they are regulated. It supposedly allows you to search for brokers based on almost any criteria you can think of: However, the search feature seems to search only the minimal data which has been displayed by the brokers themselves in their respective listings, and this leads to search results that can be bizarre.

For example, I filtered the entire list of over brokers with just two criteria: Obviously, every broker in the U. The search feature returned exactly 6 results, and you've probably never heard of 4 of them. When I removed the "U. Obviously, the Advanced Search feature is a work-in-progress. So, those are the search criteria I used to compile the lists shown above.

Which brings us to the question: What is a "trusted" broker? I can't answer that question, and the website does not reveal how they made the determination to award some brokers the "trusted" badge, and not others. I applied the "trusted" filter purely as a matter of expediency, to cut the lists down not because I can vouch for the trustworthiness of any broker.

That's a formidable list of brokers to phone and chat with. Applying the "trusted" filter reduces 66 brokers down to the 24 brokers listed above. And MIG Bank is obviously a boy's bank they've got the Michael Schumacher Formula One race-car thing going on. Clint I just had a look at those banks you are not mistaken in your observation.

Thank you for the list Clint. I am going to talk to as many as I can today, and get answers regarding US clients for anyone that is interested. The 7 categories are: Vincent and the Grenadines Russian-owned no U.

Plc Ireland no U. Ltd Japan no U. Greece no U. Have we been had, or what? Here's what I was told: Some of the older post numbers are shown in plain text.

I would recommend them. I wondered where you'd been hiding out. Banque sure looks like a girl's bank to me. Going offshore to escape the CFTC Broker Discussion. Friday, June 16, A retail forex broker domiciled in a jurisdiction outside the U.

Group 2 — Vetted Brokers Who Will Not Accept New U. Newer post numbers appear as live links. Due to the fact that they are a bank, there should be no problems, according to them. Hello Clint, Hope all is well with you. Not sure if they are continuing to accept us clients, as I didn't ask. I am already a client and they told me my account would cont. Do we know of any other quality international firms that will be accepting US clients.

Brokers CMS Forex Forex - Forex Trading - FX - FX Trading - CMS Forex UK Activ Trades Activtrades - Forex, CFD, Futures. The online trading provider matching highest standards in integrity and safety Danish Broker Saxo Bank Forex Trading Online Trade FX, CFDs, FX Options at Saxo Bank The Forex Broker Guide site is owned and operated by a New Zealand company, and it seems to work this way: Is it just me, or do the Swiss have "girl's banks" and "boy's banks"?

Too cool Clint I just had a look at those banks you are not mistaken in your observation. Varengold, does not, or is not currently accepting US clients.