Best Offshore International Forex Brokers

Over the years, the forex trading scene has grown significantly in terms of the number of brokers providing services to traders. The best international brokers offer traders a unique set of advantages like competitive spreads and broad market access. These unique features make the brokers stand out and attract quite a number of traders. Notably, some brokers have established themselves as some of the top choices for traders around the world. Some international brokers have been able to attract clients from over 150 different countries. In this article, we are going to review some of the best offshore international forex brokers to see what makes them stand out. 

How To Pick The Best International Forex Brokers

With hundreds of brokers to choose from, finding a reliable, trustworthy broker with top-notch services is no easy task. There are a few key things that traders should always consider when picking the best international forex brokers. These include:

• Regulation - For the best services, it is advisable to choose a broker regulated by a reputable financial authority to ensure transparency and protection of funds. Look out for brokers regulated by organisations such as the FCA in the UK, the ASIC in Australia, the CySEC in Cyprus, and the NFA in the US, among others. Additionally, it's essential to verify if your local financial regulator mandates that brokers operating in your region have a local license.
• Fees and Spreads - Tight spreads and low commissions reduce trading costs, which can impact profitability. Traders should also consider hidden fees, such as withdrawal charges or inactivity fees.
• Range of Markets - Although forex trading is the primary focus, many brokers offer a range of other assets to allow traders to diversify their portfolios.
• Trading Platforms - The trading platform is the gateway to the forex market. A good platform should be user-friendly, feature-rich, and accessible on various devices. 

These are the factors we will consider when making our picks for this article. Without further ado, here are some of the best international forex brokers.

Pepperstone

Pepperstone is a popular forex and CFD broker that has garnered a presence in many countries. This broker offers trading services across 174 different countries and has offices in 7 different jurisdictions. It operates under the regulation of a variety of organisations including the FCA in the UK, the CySEC in Cyprus, the ASIC in Australia, the BaFin in Germany, and the SCB in the Bahamas, among others. This multi-regulatory approach has helped prop up Pepperstone's reputation among traders.

Moreover, this broker also allows its investors to diversify their investments. Clients of this broker can trade over 1,200 different assets including CFDs on forex, indices, commodities, cryptocurrencies, currency indices, ETFs, and shares. To trade these markets, traders can use a variety of world-class trading platforms which include MT4, MT5, cTrader, TradingView, and the Pepperstone Trading Platform.

On spreads, Pepperstone offers two account types with different spread structures. The Standard account has spreads starting at 1.0 pips for major currency pairs without commissions. The Razor account offers tighter spreads starting at 0.0 pips but includes a commission. The commission is $3.5 per side per lot for MetaTrader 4, MetaTrader 5, TradingView, and Pepperstone Trading Platform users. In comparison, it is $3 per side per lot for cTrader users.

There is no minimum deposit to start trading with this broker which is attractive to traders worldwide. Additionally, Pepperstone supports a variety of languages to access its website and customer support to accommodate as many people as possible.

76.3% of retail CFD accounts lose money

XM

XM is one of the biggest international brokers in the world with over 10 million clients from over 190 countries. It offers investors a low entry point of only $5 to start trading the various markets it avails. Additionally, this broker supports over 30 languages to accommodate a wide variety of traders. This broker operates under the regulation of several institutions including the CySEC in Cyprus, the ASIC in Australia, and the FSC in Belize.

This broker offers a wide range of investment opportunities to its traders, with over 1,000 different market products to explore. It provides access to CFDs on forex, stocks, indices, cryptocurrencies, precious metals, and energies. These products can be traded on industry-standard platforms like MetaTrader 4, and MetaTrader 5, as well as the broker’s own XM Trading Point App.

Additionally, this broker offers four primary trading accounts for traders to choose from: the Standard, Micro, XM Ultra Low, and Shares accounts. The Standard and Micro accounts feature spreads starting at 1.0 pip on major currency pairs without commissions. The XM Ultra Low account offers even tighter spreads starting at 0.6 pips, also without commissions. The Shares account charges a commission based on the specific share and trade size.

74.12% of retail investor accounts lose money when trading CFDs with this provider.

Exness

Exness is one of the most popular international forex brokers in the world. This broker consistently leads its peers as the broker with the biggest trading volume in the world. Part of the reason for this is its massive client base from a variety of countries. According to one report, Exness is available in over 130 different countries. However, note that this broker does not accept retail traders from the UK and EU, despite being an international broker.

Positively, it has regulations from multiple financial institutions including the CySEC in Cyprus, the FCA in the UK, the FSCA in South Africa, and the CMA in Kenya, among others. Although regulations are not a guarantee of safety, multiple licenses suggest a higher level of oversight.

On another note, Exness offers a variety of trading opportunities across different asset classes. With this broker, investors can trade CFDs on forex, indices, stocks, commodities, and cryptocurrencies. To trade these market products, clients have access to MetaTrader 4, MetaTrader 5, Exness trader app, and Exness terminal.

The spreads applied to trades differ based on the account type. The Standard account provides spreads starting from 0.2 pips on major currency pairs, with no commission fees. Exness also offers a Cent account with spreads starting at 0.3 pips on major pairs and no commission. Further, there are three different Exness professional accounts with spreads that can be as low as 0.0 pips, but two of the accounts charge a commission.

Exness has a low minimum deposit requirement of just $10 which is accessible to most traders. For increased accessibility, the Exness trading site is available in a ton of languages. On top of that, the broker provides 24/7 customer support that is available in 15 different languages.

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

FP Markets

FP Markets is a well-established forex and CFDs broker that launched in 2005, in Australia. While the broker is headquartered in Australia, its services are not limited to Australia. Today, this international broker has a presence in many countries around the world including Cyprus, Kenya, South Africa, and Seychelles, among many other countries. Positively, FP Markets operates under the regulations and authorisation of a variety of organisations. These include the CySEC in Cyprus, the ASIC in Australia, the FSCA in South Africa, and the FSA in Seychelles, among others. 

Further, FP Markets is widely recognised for its tight spreads, fast execution, and wide range of asset classes. With this broker, investors have access to over 10,000 different instruments including forex currency pairs and CFDs across indices, metals, stocks, commodities, ETFs, cryptocurrencies, and bonds. The trading platforms available to use include MetaTrader 4, MetaTrader 5, TradingView, Iress, and cTrader, to suit a wide range of trading preferences.

Regarding pricing, FP Markets provides competitive spreads to help maximise potential trading profits. Its Standard account offers spreads as low as 1.0 pips on major currency pairs without commissions. For traders seeking even lower spreads, the Raw account features spreads starting from 0.0 pips, but with a $3 commission per side per lot.

The minimum deposit accepted by FP Markets is $100 which is a standard for many brokers. Traders can view the FP Markets broker site in over 20 different languages and the broker supports over 12 different languages for customer support. 

72.92% of retail CFD accounts lose money

HFM

HFM is another international broker with a significant presence in over 180 different countries. It is highly regarded for its broad range of trading options and multi-organisational regulatory oversight. It is regulated by several top-tier authorities, including the FCA, the CySEC, the DFSA in Dubai, the FSCA, and the FSA in Seychelles.

HFM provides traders access to various assets, including forex, commodities, bonds, ETFs, metals, energies, indices, stocks, and cryptocurrencies. To trade these market products traders can use MetaTrader 4, MetaTrader 5, and HFM Platform. Additionally, it offers its proprietary HFM mobile app, making trading convenient for traders on the go.

The broker provides multiple account types to suit different trading needs. The Premium and Cent accounts feature spreads starting from 1.2 pips on major currency pairs, with the added benefit of commission-free forex trading. The Pro account offers tighter spreads starting from 0.5 pips on major pairs, also without any commission on forex trades. Meanwhile, Pro Plus accounts provide spreads as low as 0.2 pips on major currency pairs, also commission-free. For even lower spreads, the Zero account offers spreads starting from 0.0 pips on major pairs, but it includes a small commission starting from $3 per side per lot. In places where the Top-up bonus account is available, the spreads start from 1.4 pips with no commission charged.

HFM does not have a minimum deposit requirement, making it accessible to all kinds of traders. Additionally, it offers multilingual customer support and educational resources to help traders at all levels.

70% of retail investor accounts lose money when trading CFDs with this provider.

IG Group

IG Group is one of the oldest and most well-regarded forex brokers in the industry. The broker is renowned for its extensive range of instruments, covering over 17,000 markets. IG Group serves clients in over 100 countries and operates under the regulation of several well-known authorities. These include the FCA in the UK, the ASIC in Australia, and the FSCA in South Africa, among others. 

Regarding market products, IG offers a broad spectrum of trading instruments including shares, forex, indices, commodities, and ETFs. It also provides advanced trading tools and platforms such as MetaTrader 4, L2 Dealer, and ProRealTime.

When it comes to trading costs, IG is highly competitive. The broker offers tight spreads, with forex spreads starting as low as 0.6 pips, and no commissions. IG does not have a minimum deposit requirement but some payment options have restrictions. For example, the minimum deposit requirement via bank cards is $50. Further, the broker offers multilingual customer support available 24/5, making it accessible to a global clientele.

Final Comments

There are plenty of international brokers all looking to dominate the forex space around the world. Choosing the right international forex broker among the hundreds is crucial for a smooth experience in trading the markets. The brokers listed above are all well-regulated, offer excellent trading platforms, and provide a wide range of trading instruments to suit the needs of different traders. 

Nonetheless, choosing the best international forex broker depends solely on the individual needs of a trader. For that reason, it is always wise to do your own research before committing your money to any broker. Prioritise the regulation and reputation of the broker above everything.