Discover the updated list of top offshore brokers for day trading in forex. Many local financial institutions limit access to international financial markets. Meanwhile, international offshore CFD brokers allow access to a wide range of currency trading services from global jurisdictions. With these brokerage platforms, traders can buy financial assets – otherwise restricted by local regulatory laws.
As a seasoned trader yourself, select trustworthy algo trading brokers to run automated strategies, broaden your investment portfolio, and maximize profits. This way, you can take advantage of higher leverage to maximize your profit potential. Keep in mind only a few off-shore brokers are regulated – exposing your deposits to financial risks. Keep reading for the best regulated offshore trading FX brokers in 2024.
Interactive Brokers: Best Charting Platform For Day Trading
Interactive Brokers is one of the trusted off-shore brokerage platforms with access to advanced charting tools for intraday trading. With IBKR, you can customize charts, layouts, and design custom buttons to design a unique day trading setup for your strategies. Whether you manage IBKR’s standard $1,000 or professional $1 million accounts – leverage the integrated Traders Workstation (TWS) platform to continuously improve your skills. Moreover, IBKR allows you can execute unlimited intraday trades without PDT rule only for cash accounts.
According to IBKR vs Tradovate and NinjaTrader comparison, non-US traders can also access stocks, options, futures, and other investment options with accounts. Initially, you can start with TWS Lite to take advantage of no commissions on ETFs for FX traders. Meanwhile, commissions vary for other international accounts, including:
- IBKR Pro: $0.005 per share
- Options: $0.65 contract
- Mutual Funds: 3% per trade up to $14.95 per transaction
- TWS Lite (With Order Routing): $0.65 per contract
Indeed, start intraday with Interactive Brokers accounts to access advanced charting platforms.
CMEG: Best Broker Without PDT Restrictions
CMEG is another trusted offshore futures broker in UK for day traders without any PDT restrictions. Operating outside the US – Capital Markets Elite Group (CMEG) does not require you to follow PDT rules. In fact, you can execute way more than 3 trades per day even from the United States. To start day trading with CMEG, choose between three available account options for stocks, including:
- Standard Account: Trade stocks with no minimum deposit requirements for lower costs on NASDAQ and NYSE with a limited 4:1 leverage
- Active Account: Idea for high-frequency intraday looking to manage hard-to-borrow stocks with a competitive 6:1 leverage
- Enhanced Account: Designed for professional traders planning to trade with a higher 10:1 leverage in the US.
Similar to stocks, CMEG also supports PDT-free off-shore accounts for equities, FX, and ETFs. Definitely, choose CMEG to start trading with an FX broker without any PDT restrictions.
AvaTrade: Globally Regulated FX Broker
AvaTrade is a globally regulated FX broker with offshore accounts for intraday trading in 2024. This regulated forex broker offers high 1:400 leverage for professional trading accounts. Even with offshore accounts, you can still leverage AvaTrade’s commission-free model, multiple assets, and advanced trading platform. Comparing Exness or Avatrade, the latter offers a much wider selection of asset classes and trading instruments.
Similar to other MT4 and MT5 brokers, clients like you can further access AvaTrade’s proprietary platforms – including AvaTradeGo, Trading Central, and WebTrader. For social trading, you can further access AvaSocial to copy profitable traders. Additionally, you can also trade bitcoin through this CFD broker. Plus, you can buy AvaProtect for an insurance policy against daily losses on your trading account. Read AvaTrade vs Interactive Brokers comparison to start your intraday journey with a regulated brokerage in 2024.
eToro: Best For US Clients
eToro is one of the best offshore FX brokers for US-based intraday traders. As noted in our eToro broker review, you can trade over 2400 assets from the United States – including 45+ FX pairs, commodities, and indices. In addition, eToro’s accounts also support CFD trading for US clients – otherwise prohibited in the country. In fact, active traders like yourself can trade CFDs for no additional charges. While intraday, monitor your every intraday transactions with eToro’s mobile app – even on the go.
With this swing trading broker, you can open your account with a minimum deposit of $20 for intraday trading. Once deposited, you can leverage a competitive fee structure to reduce your trading costs:
- FX: Spreads starting from 2.1 pips for GBP/USD
- Stocks: Free
- Crypto: Spreads starting from 0.75% for Bitcoin
- Inactivity Charges: $10 per month after one year
- Withdrawal Fee: $5 per transaction
As a trusted forex broker with instant withdrawals, you may receive your payouts right away – based on your selected account type. Certainly, start intraday in the US with eToro’s brokerage accounts.
Plus500
Choose Plus500 off-shore forex platform for day trading. Plus500 is a globally regulated and recognized forex broker that accepts US traders. The platform is registered as a Futures Commission Merchant (FCM) with the US CFTC. Day traders can start trading assets such as FX, Indices, Commodities, cryptocurrencies, futures, options and bonds. Beginner intraday traders can use a demo account to test their trading strategies. Check out the factors and features of Plus500:
- Spreads from 0.8 Pips
- Leverage of up to 1:300
- Accept multiple base currencies
- Regulated by FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA and CFTC
You can leverage Plus500 intraday tools, such as advanced charting tools and risk management tools (stop-loss, take profit). Surely, choose the P500 forex broker for US traders for intraday trading.
FxPro
FxPro allows international traders to intraday trade the FX market. The brokerage firm is registered with offshore entities such as Security Commission of the Bahamas (SCB), Financial Service Authority Seychelles (FSA) and FxPro global limited, creating a financially secure trading environment. The FSA regulation provides a maximum leverage of 1:1,000, followed by SCB offering a 1:200 leverage, encouraging high volume trading among new traders. These leverage limits are not available in the US. These regulatory authorities protect offshore traders from negative equity draw-dawn. Moreover, your funds are segregated into a separate account for bankruptcy protection.
Beginner day traders can leverage the firm’s diverse account types to access 2,100+ CFDs inclusive of FX, crypto, stocks and many others assets. Indeed, leverage these trading assets using MT4, MT5, CTrader or FxPro in house trading platform.
Pepperstone
Pepperstone is another best offshore FX platform for intraday trading. The platform is globally regulated by top-tier authorities such as the FCA, CySEC, BaFin, and ASIC.
US residents are not allowed to trade with the broker as it’s not regulated. Day traders can leverage custom indicators and MetaTrader add-ons in their trading strategy. You can get leverage of up to 1:400 depending on the asset you are trading in. Moreover, the platform is also a great choice for scalpers and algorithmic traders. Check out the features that Pepperstone offers:
- 1,200+ Instruments including forex, commodities, indices, crypto, and stocks.
- Tight Spreads from 0.0 pips (Razor Accounts), 0.1 pips (Standard Accounts)
- $0 Minimum Deposit
- Platforms such as MT4, MT5, and cTrader.
- Access to real-time data feeds
- EA and robots support for automated day trading
Pepperstone smart trader tools feature 28 plugins, including Autochartist. You can use these plugins in your Intraday algo strategies. Surely check out the Pepperstone broker review to start intraday trading.
Exness
Exness is another off-shore FX broker for day traders. The platform is regulated by multiple financial institutions such as CySEC, FCA, FSCA and CMA. Exness accept trades from 130 different countries. Day traders can trade in various instruments such as FX, indices, stocks, commodities, and crypto. You can even access the MetaTrader 4 and MT5 platforms using there portal. The platform is available in multiple languages. Leverage the Exness demo account to test your day trading strategy before using actual money. Moreover, the broker offers 24/7 customer support in 15+ different languages. Surely start day trading with Exness regulated and safe broker.
OCTA
OCTA is another international forex broker serving day traders globally. The financial services firm is based in St. Vincent and the Grenadines, offering high leverage accounts. While on-shore platform may limit leverage to 20X or 50X, you can trade up to 1:500 maximum leverage on FX pairs. Plus, the broker has a lower margin call at just 25%. And, you can set stop-loss levels as low as 15%. This offers increased risk and leverage for scalpers or day traders taking on more risk. If you have a high-yield trading strategy, consider the commission free trading account. The costs are calculated in floating spreads, as low as 0.6 pips across the OctaTrader, MT4, and MT5 platforms. With competitive pricing and higher leverage, this brokerage has hundreds of indicators, tools and resources for active daytraders.
IC Markets
IC Markets is a popular international FX platform for day traders. The platform’s offshore entities are based in Seychelles and the Bahamas. The brokerage is highly regulated by the SCB and FSA bodies. You need to pass AML and KYC verification to create your IC Markets account. The platform offers investor protection, high-risk management tools, and advanced day trading features. Check out the IC market global regulations based on countries:
| Registered Entity | Country of Registration | Regulatory Entity | Tier |
| Raw Trading Ltd | Seychelles | FSA | 4 |
| International Capital Markets Pty Ltd. | Australia | ASIC | 1 |
| IC Markets EU Ltd | Cyprus | CySEC | 1 |
| IC Markets Ltd | Bahamas | SCB | 4 |
The IC Markets day trading conditions are perfect for all off-shore entities. You can enjoy high leverage across several regions. Surely, choose the IC Markets to tradingview off-shore forex broker for day trading.
FOREX.com
Choose FOREX.com for intraday trading with an US approved international broker. Forex.com is the best offshore platform for US day traders. You can trade in a wide range of currencies and tradable instruments. Day traders can choose a low minimum deposit account to start FX trading. The professional accounts spread starts at 0.0 pips with 500:1 leverage outside the U.S. Residents of the United States can enjoy leverage up to 50:1. The broker offers fast trade execution with an average time of 0.04 milliseconds. The high-speed execution and excellent charting tools are essential for intraday trading. Definitely, select the best Forex broker for US traders to start day trading.
HFM
HFM is a high rated offshore broker for day trading accounts. What makes HFM the best forex broker is its provision of an extremely high leverage at 1:2000. The broker is regulated by the FSA in Seychelles to maintain fund protection and safe trading. With a minimum deposit of $0, HF Markets is wallet-friendly and ideal for starter and intermediate traders. Additionally, the major currency pairs have remarkably tight spreads, with 1.2 for USD/EUR, 1.8 for USD/AUD, and 1.9 for USD/GBP.
Execute trades via MetaTrader 4, MetaTrader 5, or their own trading platform, the HFM App. Day traders can also leverage HFM vast research team to obtain advanced market insights and industry predictions. Certainly, review HF Markets for same-day trading.
LMFX
LMFX is another best FX broker for day trading markets. LMFX is a reputable offshore platform offering a wide range of tradable instruments. The broker provides a great interface for both beginners and experienced traders using its MetaTrader4 platform. You can trade up to 48 currency pairs, including 7 major, 20 exotics, and 21 minors. The broker offers multiple leverage rates based on its premium and fixed account. You can even choose a Zero account where leverage is up to 1:250. Check out the key features of the LMFX platform:
- Spreads starting from 1 pip
- Leverage from 1:250 up to 1:1000
- Minimum deposit: $50–$250 (depends on account type)
- Personal account manager
Surely choose a well-regarded online LMFX off-shore FX broker to start intraday trading.
These are the best platform for day trading in forex. Compare Interactive Brokers and E*Trade to access IBKR’s customized charting tools to execute multiple day trading strategies. CMEG is an ideal choice for US traders looking for a FX broker without imposed PDT restrictions.
With AvaTrade, you can access a globally regulated infrastructure to trade in a secure environment. OctaFX is among the best platform with support for social trading. Moreover, eToro is one of the best CFD brokers for US citizens with competitive spreads, commissions, and trading costs. Follow the points above for the best forex brokerage platforms with trading accounts.
