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Best Offshore Forex Brokers For Day Trading

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 offshore 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 offshore brokers are regulated – exposing your deposits to financial risks. Keep reading for the best regulated offshore trading forex brokers in 2024.

Interactive Brokers: Best Charting Platform For Day Trading

Interactive Brokers is one of the trusted offshore brokerage platforms with access to advanced charting tools for day 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 offshore accounts – leverage the integrated Traders Workstation (TWS) platform to continuously improve your skills.

 According to IBKR vs Tradovate and NinjaTrader comparison, non-US traders can also access stocks, options, futures, and other investment options with offshore accounts. Initially, you can start with TWS Lite to take advantage of no commissions on ETFs for forex 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 day trading with Interactive Brokers offshore 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 day traders 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 offshore accounts for equities, forex, and ETFs. Definitely, choose CMEG to start trading with an offshore forex broker without any PDT restrictions.

AvaTrade: Globally Regulated FX Broker

AvaTrade is a globally regulated forex broker with offshore accounts for day trading in 2024. This regulated forex broker offers high 1:400 leverage for professional offshore 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, offshore 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 offshore traders. Additionally, you can buy AvaProtect for an insurance policy against daily losses on your trading account. Read AvaTrade vs Interactive Brokers comparison to start your day trading journey with a regulated offshore brokerage in 2024.

eToro: Best For US Clients

eToro is one of the best offshore forex brokers for US-based day 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 offshore 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 day trading, monitor your every day transactions with eToro’s mobile app – even on the go.

With this swing trading broker, you can open your offshore account with a minimum deposit of $20 for intraday trading. Once deposited, you can leverage a competitive fee structure to reduce your trading costs:

  • Forex: 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 day trading in the US with eToro’s offshore brokerage accounts.

These are the best offshore brokers 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 forex 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 offshore brokers 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 offshore trading accounts.

Author of this article

Picture of Chad Axelrod

Chad Axelrod

Chad Axelrod is a professional forex trader and market analyst with 15+ years of industry experience. Starting his career on Wall Street, he quickly realized his passion for writing and finance, working with a national publication for a decade. Through his posts, reviews, and broker comparisons - he believes beginner and seasoned traders should make informed decisions while selecting a broker. Leading the team at BrokerageToday.com, Chad prioritizes publishing unbiased and transparent reviews for traders in the industry.

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