Looking for reliable offshore brokers

kriskon · Jul 11, 2020

Yeah, it's for binary options. But in this industry, it was he who seemed to me a very good option.

Diego23 · Jul 13, 2020

Any feedback on FP Markets, they seem to have good spreads and the commission seems to be lower as well when compared with competing ECN brokers.

Is there any trader who is currently trading with FP Markets over a long term? Has the spreads been consistent?

kriskon · Jul 17, 2020

Binary options seemed to me a more interesting option for work, and for a beginner they seemed to me simpler. So I'm working with them.

Vettel5 · Jul 28, 2020

I'm from Poland and i trade with FP Markets whose spreads are really tight and the execution is quite fast as well, I haven't faced any issues them for the past 9 months.

Georg3 · Aug 24, 2020

I'm starting live trading soon and i live in London so was looking for an reliable offshore broker that offers leverage upto 1:500 as FCA restricts leverage.

I mostly scalp, it would be an advantage if it is a ECN broker with really tight spreads ?

mlawson71 · Aug 24, 2020

Not just the FCA, the entirety of the European Union restricts leverage as well. That applies to CySEC as well, even though it's sort of considered to be an offshore regulator, so keep that in mind when looking for a broker.

Coner1980 · Aug 24, 2020

trader_980 said:
You can consider Turnkeyforex out of that list. Have tested them for about 7 months now and they have remained quite consistent in terms of their services.

Yeah, Turnkey Forex is agood choice as a unregulated broker. Although it is unregulated but ithad made good effort to secure clients funds and provides a good trading environment for traders.

Andrew_87 · Sep 2, 2020

Georg3 said:
I'm starting live trading soon and i live in London so was looking for an reliable offshore broker that offers leverage upto 1:500 as FCA restricts leverage.

I mostly scalp, it would be an advantage if it is a ECN broker with really tight spreads ?

It is much safer to be with FCA or even CySEC, than outside with no fund protection. IC Markets, Fxpro, Fxview do offer higher leverage but under limited conditions I believe. Talk with such brokers to clarify. Personally speaking, I don't recommend higher leverage, even for scalping, it's more likely to blow up your account faster (higher risk) unless you have some proven strategies.

kroxobor · Sep 3, 2020

jack wilson said:
I'm not looking for regulated stuffs which aint work for me and I'm aware of the risk of scammers in off, but I've been looking for a good and reliable brokers, came across these few brokers which seems reliable here but need your suggestions which one is good to open with..

coinexx

fx choice

turnkey forex

traders way

lmfx

or is there any other broker which is better than these?

Also check Hotforex or Tickmill one of their advantages is FCA license (an additional layer of safety), not sure other brokers applied for it.

David.E · Sep 3, 2020

I'm looking to open a Live account soon, considering opening with a ASIC regulated broker.There are a few options like FP Markets, IC, AXI, peppersone etc.

all seem to be ECN brokers and have similar conditions, any recommendations on which broker is better based on personal experience