Top 10 Most Reputable Offshore Brokers to Day Trade in 2023

Offshore brokers for day trading offer a high degree of liquidity and accessibility to markets. They also offer quick execution and low fees, making them an excellent choice for those looking to make quick profits.

Top offshore brokers for day trading

What to Know About Offshore Brokers For Day Trading  

Offshore brokers are not regulated brokers, allow you to open investment accounts in countries other than your home country.

Offshore brokers offer more flexibility than regulated brokers. Once you have made a deposit into your offshore account you can start trading, regardless of your cash or credit.

Offshore brokerage accounts can be used to hold, invest, and trade a variety of financial instruments. These accounts can be used to hold stocks, Forex, bonds and many other financial instruments. This account is considered offshore and allows you to transfer your assets with substantial tax benefits.

Most offshore broker accounts are owned and managed by companies, not individuals. This account type is not common for retail traders who are small or inexperienced.

Offshore trading is risky. Unregulated brokers can make it difficult to deal with. It is legal to open offshore accounts. However, this is at your own risk.

They are not regulated or monitored by any financial institution or government. There is nothing you can do to recover your assets if you have been scammed. Before you trust a broker, do your research.

List of the Top 10 Best Offshore Brokers for Day Trading    

There are many offshore brokers available for day trading. Some are better than others in terms of ease of use and features offered. Here are the top offshore brokers for day trading:

FXTM (ForexTime)

FXTM was established in 2012 and has offices in major cities such as London, Germany (Poland), France, Spain, Italy. Turkey, China. Thailand, South Korea. Malaysia, India, Nigeria, and Australia.

All central operations of FXTM are managed from the five-story tower in Cyprus.

You can use their demo account to practice your strategies using the day trading simulator.

FXTM, a licensed broker in the world, is licensed from the UK, South Africa , Belize, Cyprus, and Mauritius.

A long list of awards makes Forex trading with FXTM an enjoyable experience.

FXTM offers tight spreads , trading in all currency pairs and a wide variety of financial products.


  • Allows hedging
  • A great selection of educational tools
  • CFD fees for low stock indexes
  • Spreads as low as 0.1 pip in a standard account, and 0 pip in ECN-based trading accounts


  • Low minimum deposit
  • Fantastic Customer Service
  • Easy and fast account opening


  • Withdrawal fees and inactivity
  • High CFD fees
  • Limited product portfolio

2. FP Markets

FP Markets was established in 2005. It is an Australian CFD broker and Forex broker. It is regulated both by the Australian ASIC, and the Cypriot CySEC.

They offer MT4, and MT5 platforms, as well as more than 50 currency pair. Gold, silver, stocks, and cryptos to trade.


  • The leverage for trading currency is 500 to 1.
  • Direct Markets Access (DMA),
  • Demo Account for beginning traders
  • 50 plus currency pairs to trade


  • Quick and easy account opening. Limited product selection
  • Low trading costs
  • Quick execution of trades
  • Low Forex Fees
  • Good platform options


  • High minimum deposit
  • High fees for international bank withdrawal
  • High CFD fees

3. XM

XM Global, which was founded in 2017, is used daily by more than 70,000 traders. It is regulated and supervised by the International Financial Services Commission

XM offers two trading platforms that can be accessed from demo and real accounts. These platforms are MetaTrader 4 (the most popular platform in trading) and MetaTrader 5.

They offer over 1000 financial instruments, including Forex Trading, Commodities CFDs (stocks CFDs), Commodities CFDs (commodities CFDs), Equity Indices CFDss, Precious Metals OFDs and Energies FFDs.

Forex trading can be done on more than 55 pairs.

A highly regarded brokerage firm, with some of their recent awards including Best FX service provider for 2023 award by City of Wealth Management Awards 2023.

Best Customer Service Global 2019 by Capital Finance International Magazine and Best Market Research and Education Global 2019, awarded by Capital Finance International Magazine, and Best Forex Service Provider by City of London Wealth Management Awards 2019.


  • Allows scalping
  • Offers negative balance protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows Hedging


  • Low withdrawal charges
  • Quick and easy account opening
  • No withdrawal fees
  • Excellent educational tools and resources


  • Inactivity fee
  • Average Forex fees

4. GO Markets

Go Markets was founded in 2006 and is one the most trusted and respected Australian registered brokers. It has offices in Melbourne and London, Taipei, Hong Kong, and Taipei.

GO Markets offers over 350 tradeable CFD instruments, including Forex, Shares and Commodities, and Cryptocurrencies.


  • Allows hedging
  • Allows scalping
  • Offers STP
  • Offers Negative Balance Protection
  • More than 10,000 traders


  • Ultra-fast trade executions
  • Innovative technology
  • Excellent trading and analysis tools
  • Highly regulated broker


  • There are only two types of account
  • Not available for US
  • A limited range of instruments
  • Clients from other jurisdictions are not accepted


AvaTrade was established in 2006, with headquarters in Dublin.

There are now four offices in the company, in Japan, Australia and Ireland. Sales offices can also be found in Paris, Milan and Madrid.

AvaTrade can be regulated in Europe and the British Virgin Islands, Australia, Japan and South Africa.

AvaTrade has more than 250 financial instruments, including more than 60 currency pairs and major stock indices.


  • An assortment of automated trading platforms and EA compatibility
  • Client funds are kept in separate accounts for greater security
  • Desktop and mobile trading with MetaTrader 4, MetaTrader 5, and AvaTradeGO
  • Competitive spreads available
  • Trading websites in more than 20 languages


  • Quick and easy account opening
  • Great educational tools
  • No withdrawal fees Administration fee
  • No fees for withdrawals or deposits
  • Low trading costs


  • Limited research tools
  • Telephonic support
  • Inactivity Fee
  • Offers only CFDs, Forex, and Cryptocurrencies

Read Also:

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6. Exness

The Xness Group was established in 2008 in St. Petersburg Russia and holds licences from the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission and the Financial Services Authority of Seychelles (FSA).

Exness Group’s monthly trading volume is more than $180Billion. Each month, 15,000 new accounts are opened with over 80,000 active traders.

The website is available in 23 languages, including English, Chinese and Russian, Farsi. Hindi, Urdu. Tamil, Thai. Bengali. Indonesian. There are also 13 languages with 24/7 customer support.

You have access to over 120 financial instruments, including Forex, Crypto and Stocks. They offer 120 currency pairs in Forex.


  • A very cool, user-friendly and modern website
  • Tight spreads starting at 0.1 pips
  • No hidden fees or commissions
  • Instant withdrawal
  • Client funds held in separate accounts
  • Tight spreads
  • Copy trading system


  • Customer Support in Many Languages Inactivity and Withdrawal Fees
  • Commission-free trading
  • Forex ECN Trading
  • 120 Currency pairs for trading starting from
  • Offshore regulation


  • High CFD fees
  • Not available for the US


HotForex was established in 2010. It has several satellite offices in Dubai, South Africa as well as offshore entities in St Vincent-and-the Grenadines.

They offer 6 core trading account types and commission-free trading for Forex pair

Access to 150+ trading instruments, including Forex, Commodities and Indices, Shares & Bonds, CFDs, Cryptocurrency, and Commodities.

The company was named as one of the Top 100 Companies in 2015 by World Finance Magazine. They also received the Business Excellence Award.


  • Great technology
  • Many industry awards were won
  • Wide range of markets
  • Offers Negative Balance Protection
  • Additional Civil Liability Insurance
  • Many premium MetaTrader tools are offered


  • Open a digital account quickly and easily. Only Forex and CFD products
  • Low minimum deposit
  • Commission-free accounts
  • Low Forex Fees
  • Competitive spreads


  • Only 56 shares
  • Two entities of them are not regulated

8. Interactive Brokers

Interactive Brokers was established in 1978. It is one of the largest discount brokers in the US.

The broker’s activities are regulated by several financial authorities around the world, including the US Securities and Exchange Commission and UK’s Financial Conduct Authority.

They offer day trading in stocks and options, Forex, futures, bonds, and Forex in more than 125 markets across 31 countries.


  • Over 4,300 no-transaction-fee mutual funds
  • Useful tools and research
  • NerdWallet customers who sign up to IBKR Pro receive a 0.25 percent discount on margin rates
  • Smart order router
  • Mutual Fund Replicator that finds lower-cost exchange-traded fund


  • Large range of products Website difficult
  • Extremely smart order router
  • Great research tools
  • Low trading costs
  • Highly Regulated


  • Inactivity charges
  • Substantial charges with inactive or small accounts


TradeStation, a US stockbroker, was founded in 1982 in Florida. Their top-of-the-line analysis software and electronic trading platform are what they are most well known for.

A brokerage was established in legacy for professional brokers and money managers. It has been a top choice with serious investors who want to have a professional Forex trading experience.

TradeStation now allows all traders to access their brokerage, giving them access their amazing tools. They also reduced trading costs to $0 and lowered the minimum capital requirement to $0 to support their new TS GO offering.

TradeStation regulation is done by the Securities and Exchange Commission, (SEC), and the Financial Industry Regulatory Authority, (FINRA).


  • Very little downtime
  • Comprehensive research
  • Portfolio Maestro provides a range of performance analysis
  • Guaranteed stop loss
  • Offers Negative Balance Protection


  • Low Stock and ETF fees
  • High-quality educational tools
  • Low trading costs
  • High-quality research and adv. Top-notch research and adv.
  • Great charting and tech analysis tools


  • Poor customer service
  • Unusable Deposit and withdrawal
  • Pricing and plans can be confusing
  • Steep learning curve
  • Trading on adv. Platform requires TS select

10. IC Markets

International Capital Markets Pty Ltd ( IC Markets ), was established in 2007 by a group of financial professionals with the vision to close the gap between institutional and retail clients.

ECN brokers are able to do this by offering a no-dealing desk. They also offer tight spreads on their offering of 63 Forex pairs as well as 41 CFDs for indices and metals.

IC Markets, based in Sydney, has an Australian Financial Services License with the Australian Securities and Investment Commission. (ASIC).

IC Markets offers several day-trading platforms, including MetaTrader4(MT4) and MetaTrader5 (MT5), along with the SpotWare System suite of cTrader platforms.

All of their platforms use their high-level web security.


  • A wide range of educational materials
  • A selection of sophisticated trading platforms
  • Low min deposit
  • ECN broker with institutional-grade liquidity
  • Large range of tradeable goods


  • Quick and easy account opening
  • Low Forex Fees
  • No fees for withdrawals or deposits
  • Low Forex Fees
  • Excellent customer support with 24/7 service


  • No research tools
  • Only Forex and CFD trading
  • No investor protection


Our Top offshore brokers for day trading offer an incredible range of services and tools to help you make profitable day trades.

With the right broker, you can easily access a wide range of markets, including U.S., European, and Asian exchanges. So if you’re looking to get serious about day trading, be sure to consider our Top offshore brokers for day trading.

About Author

Top offshore brokers for day trading
Lovethy Precious
I’m a firm believer that information is the key to financial freedom. On Coindecimal Blog, I write about personal finance and crypto.

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