Best Offshore Brokers And Trading Platforms

Although offshore brokers come with many benefits and flexibility, it’s important to be aware of the risks of offshore investment accounts. In this guide, we go over the best offshore trading platforms.

This article outlines offshore brokerage accounts, along with everything you need to know about the pros and cons of offshore accounts. Please read our guide on brokerage accounts here.

We highly recommend you choose a regulated broker instead. Trading offshore has more risks than benefits and can be illegal.

Best Offshore Brokerage Accounts

We researched and analyzed offshore brokers. We base our research on many factors such as fees, security, commissions, regulation, and more. We don't recommend trading with an offshore account; here is a list of regulated brokers.

  • Pepperstone – Best Alternative to Offshore Brokers
  • Pocket Option – Best for Binary Options
  • eToro – Best Alternative to Offshore Stock Brokers
  • Plus500 – CFD Alternative to Offshore Brokers
  • Libertex – CFD Broker with Good Fees
Our Top Pick
Pepperstone Logo

PFI Rating: 4.9/5


Pepperstone is our top pick as the best alternative to offshore accounts. Pepperstone was founded in 2010 and offers CFDs on Forex, Crypto, Shares, Indices, and Cryptocurrencies.

The minimum deposit is $0 and offers a wide variety of deposit methods. Pepperstone is a safe and reliable forex broker regulated by top-tier authorities.

Forex trading fees are low. Pepperstone offers two account types: Razor and Standard.

  • Regulated by Top Authorities
  • Low Spreads
  • No Minimum Deposit

76.6% of retail investor accounts lose money when trading CFDs with this provider

Great For: Low Spread Broker

Pros Cons
Forex Fees Mostly CFD
Trading Platform
Account Types

Mobile App: 4.9/5

Regulation: 4.9/5

Fees: 4.9/5

Min. Deposit: $0

Overall: 4.9/5

What are Offshore brokers?

Offshore brokers are unregulated brokers that allow you to open investment accounts outside your country’s jurisdiction. 

An offshore broker offers you a lot more flexibility compared to regulated brokers. After depositing an initial amount into your offshore account, you can start trading regardless of your credit or cash source.

Offshore brokerage accounts are used for holding, investing, and trading various financial instruments. These include stocks, Forex, bonds, and many more. The offshore status of this account allows you to move your assets with significant tax benefits.

In most cases, offshore broker accounts are owned by companies and not individuals. This is not a common account type for small or inexperienced retail traders.

Pros and Cons of Using an Offshore Broker

These brokers have several benefits and drawbacks compared to regulated brokers. These are important to be aware of before you decide to open an account.

These are the most common pros of offshore brokerage accounts:


You can make investments and earn profit anywhere around the world at any time. There is a wide range of investment options offered in offshore accounts. This includes stock, Forex, bonds, futures, mutual funds, and more.

Tax Advantages

This offers many tax savings and incentives for businesses. Regulated forex brokers need to follow strict regulations that ensure the market remains fair, but offshore brokers often avoid these restrictions.


Most unregulated Forex brokers have a much higher ratio than the US limit. This leverage allows you far more freedom to risk your funds for higher returns. On the other hand, this opens you up to much greater risk.


The offshore status of your account means that your financial activity and information will not be disclosed. Most offshore firms set out strict confidentiality frameworks that make sure their customers have protection.

These are the most common cons of offshore brokerages:

Expensive Account Opening

Offshore accounts often have a much higher initial deposit. Although this varies between brokers, the cost of opening an offshore account is more expensive than regulated accounts. 

Financial risk

Untrustworthy brokers with bad reputations are known to scam customers. These brokers are free to scam without repercussions because they are unregulated. While some offer many benefits, they can be risky.

Some brokers have been known to evade taxes and hold illegal information about foreign customers. This has led to many countries strengthening their tax laws, particularly the US and Europe

Should You Use One?

They offer you much more flexibility and freedom in trading than regulated brokers. With this said, these brokers are not suited for any small Forex traders. Beginner traders especially should steer clear. 

Offshore trading is only recommended for highly experienced traders. You must be confident in your investment strategies and risk management to find this freedom appealing.

Offshore accounts are ideal for investors or companies who are looking to move financial assets without taxation. Offshore brokers have fewer expenses than regulated brokers. This saves a lot of money because of lower operational costs. 


It’s essential to be aware of the risks involved in offshore trading. If you use an unregulated broker, you’re dealing with the broker in the dark. While it is legal to use offshore accounts, you do so at your own risk.

They are not regulated by any financial body or government, so no one is monitoring them to make sure they don’t steal from you. If you are scammed, then there is little you can do to get your assets back. This is why you need to do thorough research into a broker’s reputation before you decide to trust one. 

Offshore Stock Brokers

These are the top 5 best offshore Forex brokers. The following brokers have been reviewed in terms of reliability, brokerage service, and reputation.

  1. PayForex – Best overall 4.6/5
  2. Trader’s Wa – Best low cost account fees 4.5/5
  3. Daxbase – Best account opening 4/5
  4. Juno Markets – Best trading tools 4/5
  5. AM Broker – Best educational resources 3.5/5

Offshore Forex Brokers Accepting US Clients

These are the top 4 best offshore Forex brokers that accept US clients. If you are a US citizen, it’s important to choose an offshore broker that offers services to the US.

  • LMFX – Best overall for US traders 4.5/5
  • Turnkey Forex – Best service speed 4/5
  • EagleFX – Lowest account fees 4/5
  • LQDFX – Best account variety 3/5

Tier 2 Brokers

  • Hanko Trade – Best range of trading instruments 3/5
  • Renesource Capital – Best trading platforms 3/5
  • AAFX – Easiest withdrawal methods 3.5/5
  • FxGlory – Low account fees 2/5
  • SageFX – Best account opening 2/5

Is it Legal to use an offshore broker?

It is legal to open an account with an offshore broker. If anything happens to your assets though, then there is nothing you can do. It’s important to be aware that you have no legal rights when it comes to using unregulated brokers. This is why you need to choose a reputable firm.

Are offshore brokers safe?

Yes, it is safe to open an offshore account as long as you choose a trustworthy broker with a good reputation. Most offshore brokers are not inherently insecure, but there are cases of fraud reported. It’s important to thoroughly research your broker to be aware of any potential risks.


To summarize, opening an account through an offshore broker has its risks and rewards. 

If you are interested in using an offshore broker then it is vital that you do thorough research and financial planning before investing. It’s highly recommended to choose a broker with an established reputation.

While offshore accounts come with many financial risks, this is a great way for experienced traders to increase their profits and asset flexibility through tax benefits.

About the author

Ziga Breznik is the owner and head of research at – he is an active investor in the forex, crypto and stock markets – he has seen trading platforms disappear along with his investments – especially during the “crypto boom”. Ziga learned the hard way that finding a reputable and trustworthy online brokerage is key to long-term success in the financial markets. He founded as a platform where he shares his research with one goal in mind: to provide unbiased and trustworthy online brokers reviews.