Going offshore to escape the CFTC
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  1. #1
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    Default The Offshore Broker List

    .

    Monday, January 16, 2017

    OFFSHORE BROKERS

    (recent changes to posts #1 thru #5 are shown in red)



    Here is an updated list of the offshore brokers vetted so far in this thread, and the results of our inquiry into whether these brokers will open new accounts for U.S. residents, given the current regulatory regime imposed by the CFTC on U.S. retail forex.


    DEFINITION OF OFFSHORE BROKER

    A retail forex broker domiciled in a jurisdiction outside the U.S.,
    not subject to the regulations of the U.S. CFTC and/or NFA.




    Group 1

    Brokers Who Will Continue to Accept New U.S. Clients

    12 Brokers


    Notes:


    Information on platforms, initial deposit, leverage, and spreads was obtained from broker websites. In some cases, this information is not readily retrievable. If you are able to fill in any of the missing information below, please do.

    Some brokers offer more than one type/size of forex account (micro, mini, etc.). In each of the listings below, the account referenced is the account requiring the smallest initial deposit.

    It is not practical to show spreads for all currency pairs, for each broker. Instead, two spreads --- for the EUR/USD and the GBP/JPY --- are shown for each broker, as a rough representation of their spread menu.

    Email and telephone contact info is included for each broker in Group 1 for those who wish to make their initial contact without visiting the broker's website. For more on this option, see THIS POST.

    The offshore brokers in Group 1 have been discussed and reviewed in various posts throughout this thread. For LINKS to recent posts (going back 3 years) relating to the Group 1 brokers, see Post #7.

    Two of the brokers in Group 1 are designated as Trusted Brokers. In each case, the Trusted Broker designation was determined by a consensus of thread participants --- primarily participants who trade live accounts with the broker being vetted. Both of our Trusted Brokers were judged to be exemplary based on these criteria: (1) honesty and transparency in advertising their services, and in handling the funds and executing the trades of their clients; and (2) compliance with the laws and regulations of the country in which they are domiciled. For some background on the selection of our Trusted Brokers, see THIS POST.



    U.K. / Europe


    FinproTrading (UK)

    Type: STP/ECN. -- Regulator: not regulated. -- Segregated customer funds. --- Accounts: standard, Islamic, and PAMM.
    Other products: commodities, stock indices, shares, ETFs, and bonds.
    Platforms: FinproStation (including Web and Mobile), MT4, Zulu Trader (Web and Mobile).
    Min. initial deposit: 100 USD (STP accounts), 200 USD (ECN accounts). -- Max. leverage: 200:1.
    Min. position size: micro-lot (0.01 std. lot).
    Spreads: EUR/USD: 0.3 pip (average), GBP/JPY: 1.4 pips (average).

    Website: Finpro Trading | A Leading Broker for Forex and CFD with over 1000 instruments
    Email: contactus@finprotrading.com
    Telephone: +44 79 6137 9058 (UK), or +44 20 3289 3467 (UK)


    LMFX (Macedonia)

    Type: STP (Premium account, and Fixed account); ECN (Zero account). -- Regulator: not regulated.
    Platform: MT4 (including WebTrader, iPhoneTrader, iPadTrader, and Android Trader).
    Min. initial deposit: 50 USD or 50 EUR (Premium account). -- Max. leverage: 1000:1 (Premium account).
    Min. position size: micro-lot (0.01 std. lot).
    Spreads: EUR/USD 1.2 pips, GBP/JPY 3.5 pips (Premium account).

    Website: https://www.lmfx.com/
    Email: sales@lmfx.com (new customers), support@lmfx.com (clients)
    Telephone: +44 2035192105 (UK)


    Renesource Capital (Latvia)

    Type: ECN/STP broker. -- Regulator: Financial and Capital Markets Commission (FCMC), Latvia.
    Platform: MT4, MT4 mobile. -- Min. initial deposit: 10 USD (micro account). -- Max. leverage: 100:1.
    Min. position size: micro-lot (0.01 std. lot).
    Spreads: Note: information on spreads is ambiguous on this broker's website.

    Website: Renesource Capital
    Email: info@renesource.eu
    Telephone: +371 67 092 737 (Latvia)



    Middle East / Persian Gulf


    FXGlory (Dubai, United Arab Emirates)

    Type: market-maker (dealing-desk broker). -- Regulator: not regulated.
    Established in UAE 2011, in Georgia 2012, and in Bulgaria 2014. Domiciled in UAE, offices in Rep. of Georgia.
    Platforms: MT4, MT4 mobile, FXGlory Web Trader. Optional free VPS. -- Min. initial deposit: 1 USD. -- Max. leverage: 3000:1.
    Min. position size: micro-lot (0.01 std. lot).
    Spreads: EUR/USD: 2 pips, GBP/JPY 7 pips.

    Website: https://fxglory.com/
    Email: Info@fxglory.com
    Telephones: +995 (514) 000 000 (Georgia), +1 (888) 345-6995 (U.S. toll-free)



    Caribbean / Central America


    Trader's Way (Dominica) — TRUSTED BROKER

    Type: dealing-desk (D/D) and ECN accounts are offered. -- Regulator: not regulated.
    Address is a mail-drop in Dominica, phone is in the Dominican Republic area code.
    Platforms: MT4, MT4 mobile. (Note: the cTrader platform is not available to U.S. residents.)
    Min. initial deposit: 0 USD for D/D accounts, 10 USD (long-running "special promotion") for ECN accounts.
    Max. leverage: 1000:1 for D/D accounts and ECN accounts.
    Min. position size: micro-lot (0.01 std. lot) for all account types.
    Spreads: EUR/USD 2 pips, GBP/JPY 5.5 - 7 pips (dealing-desk account).

    Website: Best Forex MT4 Broker | Trader's Way
    Email: sales@tradersway.com
    Telephone: +1 849 9370815 (Dominican Republic)


    FX Choice (Belize) — TRUSTED BROKER

    Type: NDD/STP broker. -- Regulator: International Financial Services Commission (IFSC) Belize.
    Platforms: MT4 (Classic account), MT4 and MT5 (Pro account). -- Min. initial deposit: 100 USD. -- Max. leverage: 200:1.
    Min. position size: micro-lot (0.01 std. lot).
    Spreads: EUR/USD 0.5 - 1.5 pips, GBP/JPY 2 - 5 pips (Classic acc't). Spreads: from 0 pips + commission (Pro acc't).
    Forex binary options offered (SpotOption white-label platform).

    Website: FX Choice
    Email: info@myfxchoice.com
    Telephone: + 501 227 27 32 (Belize)


    Real Forex (Belize)

    Type: ECN/STP broker. -- Regulator: not regulated. Incorporated in France, owned by Finocorp (Belize). Exercise extra due diligence.
    Platforms: MT4, Real Stream FX. -- Min. initial deposit: 500 USD. -- Max. leverage: 200:1.
    Min. position size: mini-lot (0.1 std. lot).
    Spreads: EUR/USD (?), GBP/JPY (?). -- Spreads are not revealed on their website; you have to register to learn their spreads.

    Website: Real-Forex.com | Exclusive ECN broker
    Email: cs@real-forex.com
    Telephone: +44-203-4688634 (UK)


    PaxForex (St. Vincent and the Grenadines)

    Type: market-maker (dealing-desk broker). -- Regulator: not regulated.
    Platform: MT4, MT4 mobile. -- Min. initial deposit: 10 USD (mini acct.), 2000 USD (std. acct.). -- Max. leverage: 500:1.
    Min. position size: micro-lot (0.01 std. lot) mini account, mini-lot (0.1 std. lot) std. account.
    Spreads: EUR/USD 1.3 - 5 pips, GBP/JPY 4.7 - 6 pips.


    TradeWiseFX (St. Vincent and the Grenadines)

    Type: ECN/STP/NDD. -- Regulator: Financial Services Authority (FSA) of SVG.
    Other products: metals, oil and gas. --- Platform: MT4.
    Min. initial deposit: 25 EUR or USD (STP or ECN Pro), 1000 EUR or USD (MyFxBook Autotrade).
    Max. leverage: 500:1 (STP or ECN Pro), 200:1 (MyFxBook Autotrade).
    Min. position size: micro-lot (0.01 std. lot).
    Spreads: EUR/USD: 1.3 pips avg (STP Classic), GBP/JPY: 1.9 pips avg (STP Classic),
    EUR/USD: 0.5 pip avg + $4 comm. round-turn (ECN Pro), GBP/JPY: 1.4 pip avg + $4 comm. round-turn (ECN Pro)


    Adamant Finance (St. Vincent and the Grenadines)

    Type: STP (Classic account) / ECN (MarketPro and MarketPrime accounts). -- Regulator: not regulated.
    This broker appears to be Russian-owned, domiciled in SVG, physical location not revealed.
    Platform: MT4. -- Min. initial deposit: 1 USD/EUR (Classic account).
    Max. leverage: 500:1 (Classic account). -- Min. position size: micro-lot (0.01 std. lot).
    Spreads: EUR/USD (?), GBP/JPY (?), spreads are quoted as "from 2 pips", no commission (Classic account).

    Website: http://adamantfinance.com/
    Email: info@adamantfinace.com, and support@adamantfinance.com
    Telephone: not stated on the website


    Real Trade (British Virgin Islands)

    Type: market-maker (dealing-desk broker). -- Regulator: not regulated.
    Platform: Real Trader 4 (MT4), MT4 mobile. -- Min. initial deposit: 20 USD (Monthly interest paid on free margin).
    Max. leverage: 500:1. -- Min. position size: micro-lot (0.01 std. lot).
    Spreads: EUR/USD 1 pip, GBP/JPY 5 pips.

    Website: Forex Trading - Real Trade - Best Forex Broker
    Email: info@realtrader.org
    Telephone: +44 20 3287 3131 (UK)



    Pacific / Asia


    LQDFX (The Marshall Islands)

    Type: STP (Micro, Gold, and Islamic accounts) / ECN (VIP and ECN accounts). -- Regulator: not regulated.
    Platforms: MT4, xStation. -- Min. initial deposit: 20 USD (Micro and Islamic accounts).
    Max. leverage: 500:1. -- Min. position size: micro-lot (0.01 std. lot) for Micro, Gold, ECN, and Islamic accounts.
    Spreads: EUR/USD (?), GBP/JPY (?),spreads are quoted as "from 1 pip", no commission (Micro account).
    Commissions: 3.50 USD per std. lot round-turn (ECN account), 2.50 USD per std. lot round-turn (VIP account)

    Website: https://www.lqdfx.com/en/
    Email: Support@lqdfx.com
    Telephone: +44 2035988261 (UK)


    (for Group 2 see post #2)

    .
    Last edited by Clint; 01-16-2017 at 03:20 AM.

  2. #2
    Join Date
    Mar 2009
    Posts
    4,508

    Default The Offshore Broker List (continued)

    - 2 -



    Group 2

    Brokers Who Currently Will Not Accept New U.S. Clients

    163 Brokers


    _____________________________ _____________________________

    Activ Trades (UK)

    Advanced Markets - AMIFX (UK)

    Alpari (UK)

    City Credit Capital (UK)

    City Index (UK)

    Citypoint Trading (UK)

    CMS Forex (UK)

    Darwinex (UK)

    ETX Capital (UK)

    Finotec (UK)

    Forex Ltd (UK)

    FxPro UK Ltd (UK)

    FXVan (UK) --- new name of FX Company (Mauritius)

    Hantec Markets (UK)

    HY Markets (UK)

    Liquid Markets - LQD Markets (UK) --- formerly Tadawul FX --- bankrupt

    MF Global (UK)

    ODL Markets (UK)

    One Financial (UK)

    TradeOrbitz (UK)

    Uni FX (UK)
    _____________________________ _____________________________

    AvaTradeEU Ltd (Ireland)
    _____________________________ _____________________________

    C.I.M. Banque (Switzerland)

    Dukascopy (Switzerland)

    Forex.CH (Switzerland) --- do not confuse with FXCH (Dominica)

    MIG Bank (Switzerland) --- see Swissquote (Switzerland)

    PrimeTradeFX (Switzerland)

    Swissquote (Switzerland)

    Universal FX (Switzerland)
    _____________________________ _____________________________

    dbFX (Germany)

    FXM Financial Services GmbH (Germany)

    Varengold (Germany)
    _____________________________ _____________________________

    Saxo Bank (Denmark)
    _____________________________ _____________________________

    Nord Markets (Sweden)
    _____________________________ _____________________________

    Assets FX (Finland)

    FinFX (Finland)
    _____________________________ _____________________________

    HMS LUX (Luxembourg)

    Internaxx (Luxembourg)
    _____________________________ _____________________________

    Strato Markets (Netherlands)
    _____________________________ _____________________________

    Broco Forex (Russia)

    Insta Forex (Russia/BVI)

    MasterForex (Russia)

    Tradefort (Russia)
    _____________________________ _____________________________

    Maximus Capital Markets (Latvia)
    _____________________________ _____________________________

    Admiral Markets (Estonia)

    AnnexFX (Estonia)

    FXTradeweb (Estonia)
    _____________________________ _____________________________

    ForexCENT (Czech Republic)
    _____________________________ _____________________________

    X-Trade Brokers (XTB) (Poland)
    _____________________________ _____________________________

    Atlantic FX (Bulgaria)

    Bulbrokers (Bulgaria)

    Deltastock (Bulgaria)

    Varchev Financial (Bulgaria)
    _____________________________ _____________________________

    AGEA (Montenegro) --- formerly Marketiva (Montenegro)
    _____________________________ _____________________________

    AAA FX (Greece)
    _____________________________ _____________________________

    Investors Europe (Gibraltar)
    _____________________________ _____________________________

    ACFX (Cyprus)

    AFX Capital (Cyprus)

    Ask-o-Bid (Cyprus)

    EasyForex (Cyprus)

    eToro (Cyprus)

    Exness Ltd (Cyprus)

    FIBO Group Holdings Ltd (Cyprus)

    Finexo (Cyprus)

    Forex Web Trader (Cyprus)

    Forex Yard (Cyprus)

    FXCC (Cyprus)

    FXGM (Cyprus)

    FxNet Ltd (Cyprus)

    FxPro (Cyprus)

    FXTM (Cyprus)

    IronFX (Cyprus)

    Markets.com (Cyprus)

    Traders Trust - a.k.a TradingForex.com (Cyprus)

    Trading Point (Cyprus)

    United World Capital (Cyprus)

    Windsor Brokers (Cyprus)

    xCFD (Cyprus / New Zealand)

    XGlobal Markets (Cyprus)
    _____________________________ _____________________________

    RTFX - Realtime Forex (Malta)

    Sensus Capital Markets (Malta)
    _____________________________ _____________________________

    Swiss International (Kuwait) --- trading name of BMFN (Australia)
    _____________________________ _____________________________

    Royal Forex Trading - RFXT (Lebanon)
    _____________________________ _____________________________

    GTL Forex (United Arab Emirates)
    _____________________________ _____________________________

    ACM Gold (Mauritius)

    FBS (Mauritius)

    FX Cast (Mauritius)

    FX Open (Mauritius)

    FX Primus (Mauritius)

    HotForex (Mauritius)

    Nord FX (Mauritius)

    You Trade FX (Mauritius)
    _____________________________ _____________________________

    Accent Forex (Seychelles)

    ProfiForex (Seychelles)

    Tickmill Ltd (Seychelles)

    UpFX (Seychelles)
    _____________________________ _____________________________

    ACM Gold and Forex Trading PTY Ltd (South Africa)
    _____________________________ _____________________________

    Ava Capital Markets Australia PTY Ltd (Australia)

    Axi Trader (Australia)

    Berndale Capital (Australia)

    BMFN (Australia)

    CLM - Core Liquidity Markets (Australia)

    Direct FX Trading PTY LTD (Australia)

    ForexCT PTY Ltd (Australia)

    Forex FS (Australia)

    Forex Nation (Australia)

    Global Prime (Australia)

    GO Markets (Australia)

    Got Money FX (Australia)

    Halifax Investment Services (Australia)

    IBFX (Australia)

    IC Markets (Australia)

    IG Markets (Australia)

    Kinetic Securities (Australia)

    MXT Global PTY Ltd (Australia) --- see Vantage FX PTY Ltd (Australia)

    Pepperstone (Australia)

    RubixFX (Australia)

    SynergyFX (Australia)

    Vantage FX PTY Ltd (Australia)
    _____________________________ _____________________________

    FXPIG (New Zealand)

    IntelFX (New Zealand)

    Latitude FX (New Zealand)

    Lucror FX (New Zealand)

    OMFinancial (New Zealand)

    PrimeFX (New Zealand)

    Robo Forex (New Zealand)

    Tenko FX (New Zealand)

    UMOfx (New Zealand)

    XM.com (Cyprus / New Zealand) --- see Trading Point (Cyprus)
    _____________________________ _____________________________

    Forex Broker Inc (The Marshall Islands)

    Lite Forex (The Marshall Islands)

    MMCIS (The Marshall Islands)
    _____________________________ _____________________________

    IKON Group (Hong Kong) --- do not confuse with IKON Global Markets (US)

    SHK Direct (Hong Kong)
    _____________________________ _____________________________

    Phillip Futures (Singapore)
    _____________________________ _____________________________

    XE Markets (Malaysia) --- see Trading Point (Cyprus)
    _____________________________ _____________________________

    VertiFX (Canada)
    _____________________________ _____________________________

    FXDD Global (Bermuda)
    _____________________________ _____________________________

    eFOREX (Panama)

    IamFX (Panama)

    InovaTrade (Panama)

    PipFixed (Panama)
    _____________________________ _____________________________

    IV Brokers (Belize)

    UFX Markets (Belize)
    _____________________________ _____________________________

    AL Trade Inc (British Virgin Islands)

    Ava FX (British Virgin Islands)

    BForex (British Virgin Islands)

    E-Global/Forex4You (British Virgin Islands)

    Forex4You (British Virgin Islands)

    Forex Club Ltd (British Virgin Islands ?)

    Forex Place - 4xP (British Virgin Islands)

    FXCBS (British Virgin Islands)

    Gallant Capital Markets (British Virgin Islands) --- see Yadix (British Virgin Islands)

    IKOFX (British Virgin Islands / New Zealand)

    iTrade Capital Markets (British Virgin Islands)

    RVD Markets Ltd (British Virgin Islands)

    Sterling Gent Trading Ltd (British Virgin Islands)

    Think Forex (British Virgin Islands)

    WFX Markets (British Virgin Islands ?)

    Yadix (British Virgin Islands)
    _____________________________ _____________________________

    2pipsForex (Dominica) --- a.k.a. FXCH (Dominica)

    EvenForex (Dominica)
    _____________________________ _____________________________

    Gainsy Inc (St. Vincent and the Grenadines)

    Tallinex (St. Vincent and the Grenadines)

    _____________________________ _____________________________


    (for an alphabetical list of brokers, see posts #3, #4, and #5)

    .
    Last edited by Clint; 11-19-2016 at 02:11 AM.

  3. #3
    Join Date
    Mar 2009
    Posts
    4,508

    Default The Alphabetical Broker List

    - 3 -



    Alphabetical List
    of
    All Brokers Discussed in this Thread

    and in other BP threads, and on certain other sites



    The list below consists of brokers in 7 categories, combined into a single, alphabetized listing. The 7 categories are:

    • Vetted offshore brokers who will do business with U.S. clients. These brokers are in Group 1 of our Offshore Broker List.

    • Vetted offshore brokers who will not do business with U.S. clients. These brokers are in Group 2 of our List.

    • Offshore brokers who have gone out of business. These brokers are no longer listed in either Group 1 or Group 2.

    • U.S. brokers mentioned in this thread. These brokers are not offshore brokers, and are not included in either Group 1 or Group 2.

    • U.S. brokers who have gone out of business.

    • U.S. or offshore brokers who are introducing brokers (IB's), divisions, subsidiaries, or parent-companies of other listed brokers.

    • U.S. or offshore brokers who are still in business, who have been clearly identified as scams.





    Brokers currently in Group 1 of the Offshore Broker List are highlighted in blue.

    Other brokers in this list are shown with labels or notes to indicate their categories.

    Brokers not otherwise labeled or noted are currently in Group 2 of the Offshore Broker List.





    1BillionForex (Belize) --- IB for NordFX (Mauritius) --- no U.S. clients

    1LotStp (Nevis) --- (and parent company FX Systems) --- out of business

    1PipFix (Nevis) --- (and parent company FX Systems) --- out of business

    2PipsFixed (Nevis) --- (and parent company FX Systems) --- out of business

    2pipsForex - Global Clearing Group Ltd (Dominica)

    4RunnerForex (British Virgin Islands) --- (and parent company FX Systems) --- out of business

    4UFX (domicile?) --- out of business

    4xBank (domicile?) --- out of business

    4xP (British Virgin Islands) --- see Forex Place

    8Safe UK Ltd (UK) --- re-branded trading name of Iron FX (UK) --- FCA-regulated broker



    AAA FX (Greece)

    Accent Forex (Seychelles)

    ACFX (Cyprus) --- owned by Atlas Capital Financial Services Ltd (Cyprus) --- suspended by CySEC, April 2016

    ACM - Advanced Currency Markets SA (Switzerland) --- see Swissquote (Switzerland)

    ACM Gold (Mauritius)

    ACM Gold and Forex Trading PTY Ltd (South Africa) --- trading license reinstated (Oct 2015) by S. African FSB

    ACM Group plc (UK) --- aka Alpha Capital Markets plc (UK) --- FX, CFDs and spread betting --- no U.S. clients

    Activ Trades (UK)

    Adamant Finance (St. Vincent and the Grenadines) --- new Group 1 broker

    Admiral Markets (Estonia) --- broker is advising clients to transfer accounts to Admiral Markets UK

    Admiral Markets UK Ltd (UK)

    ADS Securities, L.L.C. (UAE)

    Advanced Markets - AMIFX (UK)

    ADVinvests (UK) --- scam --- the FCA has identified this company as a clone (fake broker)

    AETOS Capital Group UK Ltd (UK) --- FCA-regulated subsidiary of AETOS (Australia)

    AETOS Capital Group Pty Ltd (Australia) --- regulated in Australia, primarily targets Chinese market

    AFX Capital (Cyprus) --- see AFX Group

    AFX Group (Cyprus) --- new name of AFX Capital after re-branding in May 2016

    AGEA Jinrong Doo (Montenegro) --- formerly Marketiva (Montenegro)

    AGM Markets Pty Ltd (Australia) --- license suspended by AISC

    Alfa-Forex - Alfa Capital Holdings (Cyprus) Ltd (Russian, domiciled in Cyprus) --- no U.S. clients

    Alpari Japan K.K. (Japan) --- acquired by Dukascopy (Switzerland), and renamed Dukascopy Japan K.K.

    Alpari RU (Russia)

    Alpari (UK) --- in liquidation --- client book has been sold to ETX Capital (UK)

    Alpari (US) --- institutional forex only

    Alpha Capital Markets plc (UK) --- see ACM Group plc (UK)

    AlphaTrade - Nemesis Capital Ltd (SVG) --- head office Sofia, Bulgaria --- blacklisted by BCSC --- UK license suspended

    AlphaTrade UK Ltd (UK) --- UK license reportedly suspended --- out of business?

    AlphaTrade Solutions SVG Ltd (Cayman Islands) --- subs. of AlphaTrade UK Ltd (UK) --- out of business?

    Alpha Trading CM (India) --- website currently taken down --- (do not confuse with AlphaTrade UK Ltd)

    AL Trade Inc (British Virgin Islands)

    Alvexo (Cyprus) --- website implies (but does not state) that U.S. clients are accepted

    Amana Financial Services (UK) --- subsidiary of SouqElmal (UAE) --- no U.S. clients

    A-Markets (Russia) - AFMarkets Ltd --- formerly AForex (Russia)

    AnnexFX (Estonia) --- subsidiary of AssetsFX (Finland)

    Apex One Trading Group (Panama) --- appears on Ontario Securities Commission (OSC) Warning List

    Arena Capital (New Zealand) --- fictitious scam FX broker trading as BlackfortFX --- in liquidation

    Arab Financial Brokers - AFB (Kuwait) --- out of business

    Ask-o-Bid (Cyprus)

    AssetsFX (Finland) --- no longer accepts U.S. clients

    ATC Brokers (US) --- introducing broker (futures and forex) --- presently in Chapter 11 bankruptcy

    ATG Marketplex - a.k.a. Aaron Trading (US) --- out of business

    Atlantic FX (Bulgaria)

    Atom8 - Atom8 Financial Services LLP (UK) --- London ECN broker, FCA-regulated --- no U.S. clients

    ATS Markets - ATS Markets Global Ltd (Belize) --- scam --- the ATS certificate of incorporation is a forgery (IFSC - Belize)

    Ava Capital Markets Australia Pty Ltd (Australia) --- subs. of Ava Trade EU Ltd (Ireland)

    Ava FX (British Virgin Islands) --- subs. of Ava Trade EU Ltd (Ireland)

    Ava Trade EU Ltd (Ireland) --- planned acquisition by Israeli gaming company Playtech nixed by Ava shareholders

    Ava Trade Japan K.K. (Japan) --- subs. of Ava Trade EU Ltd (Ireland)

    Axi Trader (Australia)

    Axi Trader USA (US) --- out of business

    ayondo markets Ltd (UK) --- social trading, spread-betting, CFD trading --- no U.S. clients



    Back Bay FX (US) --- IB for various brokers

    BCFX Broker.com (Cyprus) --- trading name of Best Choice FBC Ltd (Cyprus) --- suspended by CySEC

    BDG Financial Services Ltd (Belize) a.k.a. The Collective FX Global --- out of business

    BDSwiss - BDSwiss Holding Plc (Cyprus) --- FX, CFD's and binary options dealer

    Beam FX (US) --- IB for Institutional Liquidity - ILQ (Australia)

    Berndale Capital (Australia) --- no U.S. clients

    Best Choice FBC Ltd (Cyprus) --- see BCFX (Cyprus)

    BForex (British Virgin Islands)

    BlackfortFX (New Zealand) --- scam --- see Arena Capital (New Zealand)

    BlackPearlFX (UK) --- no U.S. clients

    Blackwell Global Investments Ltd (Cyprus) --- no U.S. clients

    Blueberry Markets (Australia)

    BMFN (Australia)

    Boston Prime Ltd (UK) --- bankrupt --- out of business

    Broco Forex (Russia)

    Bulbrokers (Bulgaria)



    Capital Index Cyprus Ltd (Cyprus) --- CySec-regulated broker

    Capital Index UK Ltd (UK) --- FSA-regulated broker

    Capital One Forex (unknown location) --- scam

    Capital Trust Markets - CTM (New Zealand / Sri Lanka ?) --- scam --- website disabled

    CFD Capital Markets (Morocco) --- appears on Ontario Securities Commission (OSC) Warning List

    CharterPrime Ltd (New Zealand) --- FX, commodities, metals, index CFD's --- no U.S. clients

    C.I.M. Banque (Switzerland)

    City Credit Capital (UK)

    CityFxPro (US)

    City Index (UK) --- parent of 3 Australian brokerages; acquired by Gain Capital (US)

    City Index Pty Ltd (Australia) --- subsidiary of City Index (UK) / Gain Capital (US)

    Citypoint Trading (UK)

    CLM - Core Liquidity Markets (Australia)

    CMC Markets Canada Inc (Canada) --- accepts Canadian citizens and permanent residents only

    CMC Markets UK plc (UK) --- spread-betting and CFD --- no U.S. clients

    CMS Forex - Capital Market Services UK Ltd (UK) --- owned by Prime Mantle Corp Plc (Ireland)

    CMTrading - Global Capital Markets Trading (South Africa)

    CommexFX (Cyprus) --- scam

    Concorde Forex (Ukraine) --- scam

    CWM FX (UK) --- subs. of liquidity provider Leverate (Cyprus) --- City of London fraud charges pending --- SCAM



    Darwinex (UK) --- formerly TradeSlide (UK) --- hybrid social trading / copy trading program

    dbFX (Germany)

    Deltastock (Bulgaria)

    Direct FX (New Zealand) --- do not confuse with Direct FX Trading Pty Ltd (Australia)

    Direct FX Trading Pty Ltd (Australia)

    DMM.com Securities (Japan) --- forex/CFD broker --- parent of DMM FX Australia --- no U.S. clients

    DMM FX (Australia) --- will cease operations on July 30, 2016

    Dorman FX (US)

    Dukascopy Japan K.K. (Japan) --- new name of Alpari Japan K.K., acquired by Dukascopy (Switzerland)

    Dukascopy (Switzerland)



    EasyForex (Cyprus) --- renamed easyMarkets

    easyMarkets (Cyprus) --- new name of EasyForex (Cyprus) as of December 2015

    EES FX (US) --- IB for Pepperstone (Australia)

    eFOREX (Panama)

    E-Global (British Virgin Islands)

    England Foreign Exchange - EFX (Panama) --- out of business

    EQMarkets (SVG) --- operated by Russian firm Infinity Trade Ltd (SVG)

    EQTrades - Global Equity Brokers Belize Ltd (Belize) --- Russian-owned broker --- affiliated with EQMarkets ?

    eToro (Cyprus)

    eToroUSA (US) --- IB for eToro (Cyprus) --- not yet operational

    ETX Capital (UK) --- ETX has acquired the client book of bankrupt Alpari (UK)

    EvenForex (Dominica)

    Exante (Malta) --- multi-asset broker --- £10000 min. deposit

    Excel Markets Ltd (New Zealand) --- see Global Brokers NZ Ltd (New Zealand) --- out of business

    Exness Ltd (Cyprus)

    Explore Markets Ltd (SVG / UK) --- aka EM Financial Services Ltd --- under FCA warning for falsely claiming UK regulation

    Exto Capital (Switzerland) --- out of business

    EZTD (Cyprus) --- new name of EZTrader (Cyprus) --- recently licensed to operate in Japan --- no U.S. or Canadian clients

    EZTrader (Cyprus) --- troubled (fined) Cyprus FX and CFD broker, recently renamed EZTD --- no U.S. or Canadian clients



    Falco FX (Cyprus) --- out of business

    Falcon Brokers Ltd (Cyprus) --- currently suspended by CySec for segregated funds irregularities

    Fast Brokers (US) --- IB for various brokers

    FastQuote Securities (Belize) --- institutional broker

    FBS (Mauritius)

    FIBO Group Holdings Ltd (Cyprus)

    FIG FX (Seychelles) --- out of business

    Finexo (Germany)

    FinFX (Finland) --- acquired by BCFX Ltd (Cyprus) effective 6/1/15 --- no longer operates as a retail forex broker

    Finotec (UK)

    FinproTrading (UK)

    First Rate FX (UK) --- no U.S. clients

    Forex4You - E-Global Trade and Finance Group, Inc (British Virgin Islands)

    Forex Broker Inc (Marshall Islands) --- no longer operates as a retail forex broker

    ForexCENT (Czech Republic)

    Forex.CH (Switzerland)

    Forex Club LLC (Russia)

    Forex Club Ltd (British Virgin Islands ?)

    Forex.com - GFT (US) --- division of Gain Capital (US)

    ForexCT Ltd - Forex Capital Trading Ltd (Vanuatu)

    ForexCT Pty Ltd (Australia) --- division of ForexCT Ltd (Vanuatu)

    Forex FS (Australia)

    Forex Ltd (UK)

    Forex Markets Ltd - forex-markets.org (Panama) --- scam

    ForexMart (Cyprus) --- trading name of Tradomart Ltd (Cyprus) --- no U.S. clients

    Forex-Metal (Panama) --- recently removed from Group 1

    Forex Nation (Australia)

    Forex Optimum - Forex Optimum Group Limited (Russian company, registered in St. Vincent and the Grenadines)

    Forex Place - 4xP (British Virgin Islands)

    Forex TG Pty (Australia) --- aka FXTG --- currently under fraud investigation by Australian regulator ASIC

    Forex Trend (Ukraine / New Zealand) --- scam --- bankrupt

    Forex Ukraine (Ukraine) --- IB for Forex Ltd (UK)

    Forex Web Trader (Cyprus)

    Forex Yard (Cyprus)

    Fort Financial Services (Belize) --- est. 2010 --- no U.S. clients

    Fortress Prime (Dubai) --- defunct prime brokerage, currently being shut down by parent (Fortress Capital Investments)

    FP Markets (Australia) - First Prudential Markets (Australia) --- CFD and FX broker

    FreshForex (St. Vincent and the Grenadines) --- Russian-owned --- no U.S. clients

    Fullerton Markets (New Zealand) --- no U.S. clients

    FX Cast (Mauritius)

    FXCBS (British Virgin Islands)

    FXCC (Cyprus)

    FXCH - Foreign Exchange Clearing House (Dominica) - a.k.a. Forex-Swiss.com (Dominica)

    FX Choice (Belize)

    FXCL Markets Ltd (Ireland)

    FXCM (US)

    FX Company (Mauritius) --- out of business (re-branded) --- see FXVan (UK)

    FXDD Global (Malta) --- no U.S. clients; accepts Canadian clients

    FX Dealer Direct - FXDD (US) --- now restricted (by the NFA) to acting as an IB only

    FXGL - FXGL Capital Group Ltd (unknown location) --- scam

    FXGlory (Dubai, UAE)

    FXGM (Cyprus)

    FxGrow (Cyprus)

    FXM Broker Group (Costa Rica?) --- out of business

    FXM Financial Services GmbH (Germany)

    FxNet Ltd (Cyprus)

    FX Open (Mauritius)

    FXPIG (New Zealand)

    FX Primus (Mauritius) --- owned by Prime Mantle Corp. Plc (Ireland) --- no U.S. clients

    FxPro Financial Services Ltd (Cyprus)

    FXPro UK Ltd (UK)

    FX Salt (British Virgin Islands) --- out of business

    FX Solutions (Australia) --- subsidiary of City Index (UK) / Gain Capital (US) --- being phased out

    FX Solutions (US) --- out of business

    FX Systems (domicile?) --- parent company of 1LotStp, 1PipFix, 2PipsFixed, etc. --- out of business

    FXTF - FX Trade Financial Co. Ltd (Japan)

    FXTG (Australia) --- scam broker run by founder of Israeli scam broker UTrade --- see Forex TG Pty (Australia)

    FXTM - Forex Time Ltd (Cyprus)

    FXtradeweb (Estonia)

    FXT Swiss (Switzerland)

    FX United (New Zealand) --- United Global Holdings Ltd (NZ) --- not regulated --- no U.S. clients --- SCAM per ForexPeaceArmy

    FXVan - FXVan Global Ltd (UK) --- new name of FX Company (Mauritius) now out of business

    FXVV (United Arab Emirates) --- out of business


    (alphabetical list - continued in post #4)

    .
    Last edited by Clint; 01-16-2017 at 03:16 AM.

  4. #4
    Join Date
    Mar 2009
    Posts
    4,508

    Default The Alphabetical Broker List (continued)

    - 4 -


    Gain Capital (US)

    Gainsy Inc (St. Vincent and the Grenadines)

    Gaitame Online Co. Ltd (Japan) --- no U.S. clients

    Gallant Capital Markets (British Virgin Islands) --- see Yadix (British Virgin Islands)

    GBE Brokers (Cyprus)

    GDMFX (New Zealand) --- no U.S. or New Zealand clients

    Gem Forex (Seychelles) --- may be the same company as G Forex (Seychelles)

    GemFX (UK)

    G Forex (Seychelles) --- scam

    GFT Markets (UK) --- trading name of Gain Capital - Forex.com (UK) --- being phased out

    GFT Markets (Australia) --- trading name of Gain Capital - Forex.com (Australia) --- being phased out

    GFX Group SA (Switzerland) --- corporate name of Forex.CH (Switzerland)

    GKFX (UK) -- GKFX Financial Services Ltd (UK) --- subsidiary of Global Kapital Group Ltd (UK) --- no U.S. clients

    GKFX-ECN -- GKFX Internet Yatirimlari Ltd (Russia) --- international operations of parent company GKFX (UK)

    Global Brokers NZ Ltd (New Zealand) --- bankrupt --- out of business

    Global Capital Markets Trading (South Africa) --- see CMTrading

    Global Futures (US)

    Global Prime (Australia)

    GMO Click (Japan)

    GO Markets (Australia)

    Got Money FX (Australia)

    Grand Capital Ltd (Seychelles)

    Greenvault FX - GV Global Ltd (New Zealand) --- no U.S. clients

    GTCM (Cyprus) --- parent company is Depaho Ltd (Cyprus) --- appears to accept U.S. clients

    GTL Forex (United Arab Emirates)

    GTX (US) --- Gain Capital institutional broker

    Gulliver FX (UK) --- out of business

    GVS AU Pty Ltd (Australia) --- re-branded trading name of IronFX (Australia) --- ASIC-regulated



    Halifax Investment Services (Australia)

    Hantec Markets (UK)

    Hirose Financial Ltd (UK) --- no U.S. clients

    HMS LUX (Luxembourg)

    Hoard FX (Belize) --- scam

    HotForex (Mauritius)

    Hotspot FX (UK) --- institutional ECN broker --- owned by securities exchange BATS Global Markets

    House of Borse (UK) --- FCA-regulated broker catering to institutional clients in the Middle East and North Africa (MENA) region

    HY Markets (UK)



    IamFX (Panama)

    IBFX Australia, Pty Ltd (Australia) --- owned by TradeStation (division of Monex Group - Japan) --- being sold to Oanda (Aus)

    IBFX (US) --- forex brokerage division of TradeStation (US) --- currently being sold to Oanda (US)

    icetrader.com --- domain name of Glistentree Holdings (Cyprus) --- no longer authorized by CySEC --- defunct, out of business

    IC Markets (Australia)

    ICM Capital Ltd (UK) --- no U.S. clients

    ICM Capital Markets (Belgium?) --- do not confuse with ICM Capital Ltd (UK) --- see iTrade Capital Markets

    IFX Markets (Australia) --- subsidiary of City Index (UK) / Gain Capital (US)

    IG Markets (Australia)

    IKOFX (British Virgin Islands / New Zealand) --- no longer accepts U.S. residents

    IKON Global Markets (US)

    IKON Group (Hong Kong)

    InovaTrade (Panama)

    Insta Forex (Russia/BVI)

    Institutional Liquidity - ILQ (Australia) --- CFTC regulated, NFA member

    Integral Forex (Turkey) --- div. of Integral Menkul Degerler (Turkey) --- partner of Dukascopy (CH)

    IntelFX (New Zealand)

    Interactive Brokers (US)

    Interbank FX - IBFX (US) --- owned by TradeStation (US) which is a subsidiary of Monex (Japan)

    Internaxx (Luxembourg)

    InterTrader.com (UK) --- spread-betting

    Invast Financial Services Pty Ltd (Australia) - subsidiary of Invast (Japan) --- no U.S. clients

    Investors Europe (Gibraltar)

    IronFX Global Ltd (Cyprus) --- CySEC-regulated --- see 8Safe UK Ltd (UK) and GVS AU Pty Ltd (Australia)

    iTrade Capital Markets (Belgium?) --- do not confuse with iTraderFX (Israel) or with iTradeFX LLC (British Virgin Islands?)

    iTraderFX (Israel) --- binary options dealer now entering the FX market

    iTradeFX LLC (British Virgin Islands?) --- out of business

    IV Brokers (Belize)



    JFD Brokers (Cyprus)

    JFX - Jiffix Markets Ltd (Cyprus) --- out of business --- clients transferred to Traders Trust (Cyprus)

    Juno Markets (New Zealand) --- very new --- mainly focused on the Asian FX market --- no U.S. clients

    JustForex (Belize)



    KAB Strategy Ltd (Cyprus) --- no U.S. clients

    Kabu.com --- Kabu.com Securities Co. Ltd (Japan) --- subsidiary of Mitsubishi UFJ Financial Group

    Kinetic Securities (Australia)

    KVB Kunlun (New Zealand) --- acquired by CITIC Securities (China) in 2015



    LandFX UK Ltd (UK) --- subsidiary of LandFX (New Zealand) --- FCA license granted June 2016

    Latitude FX (New Zealand)

    LCG.com (UK) --- new name of London Capital Group (forex) and London Spreads (spread-betting) --- no U.S. clients

    LegacyFX (Cyprus) --- founded in 2015, owned by technology company Leverate (Cyprus) --- operation suspended

    Leverate (Cyprus) --- liquidity provider --- see CWM FX

    Libra FX (Anguilla) --- out of business

    Lionstone Investment Services (Russia) --- binary options broker --- reportedly going out of business

    Lite Forex (Marshall Islands)

    Liquid Markets - LQD Markets (UK) --- bankrupt --- seeking buyer

    LMFX (Macedonia)

    London Capital Group (UK) --- see LCG.com

    London Spreads (UK) --- see LCG.com

    Loyal Forex (British Virgin Islands) --- (and parent company FX Systems) --- out of business

    LQDFX (The Marshall Islands) --- new Group 1 broker

    LQD Markets (UK) --- see Liquid Markets --- do not confuse with LQDFX (The Marshall Islands)

    Lucror FX (New Zealand)



    Magna FX - Magna Trust Securities and Investment Services, S.A. (Greece) --- no U.S. clients

    MahiFX (Australia) --- no U.S. clients

    Marketiva (Montenegro) --- see AGEA (Montenegro)

    Markets.com (Cyprus) --- owned by TradeFX Ltd - UK (recently acquired by gaming company PlayTech)

    Master Services Inc (Russia/Belize) --- operating as MFX Broker Belize, and MFX Broker Georgia

    Maximus Capital Markets (Latvia)

    Mayzus Investment Company Ltd (Cyprus)

    MB Trading (US) --- acquired by TradeKing (US) --- MB Trading exited the forex market October 2015

    MCM FX - Miffs Capital Management Ltd (UK) --- no U.S. clients

    Merex Markets (Republic of Georgia) --- scam

    MF Financial (Belize) --- see MFFX (Belize) --- out of business

    MFFX (Belize) --- out of business

    MF Global (UK) --- in reorganization --- formerly a subsidiary of MF Global Holdings Ltd (UK)

    MF Global Finance USA Inc. (US) --- bankrupt --- subsidiary of MF Global Holdings Ltd (UK)

    MF Global Holdings Ltd (UK) --- bankrupt

    MFX Broker Belize (Belize) --- see Master Services Inc (Russia/Belize) --- do not confuse with MFFX (Belize)

    MFX Broker Georgia (Republic of Georgia) --- see Master Services Inc (Russia/Belize)

    MFX Trade (Australia) --- retail trading platform of MahiFX (Australia) --- do not confuse with MFX Broker (Belize / Georgia)

    MIG Bank (Switzerland) --- see Swissquote (Switzerland)

    Milltrade Ltd (Marshall Islands) --- scam --- bankrupt --- merged with MMCIS (see below)

    MMCIS (Ukraine / Marshall Islands) --- scam --- bankrupt --- merged with Milltrade Ltd (Marshall Islands)

    Monex (Japan) --- parent of TradeStation (US)

    Money Partners FX - Money Partners Group Co. Ltd. (Japan) --- Japanese customers only

    MRC Markets (Russia) --- scam

    MXT Global Pty Ltd (Australia) --- renamed Vantage Global Prime Pty Ltd (Australia)

    MXTrade - Lau Global Services Corp (Belize) --- KROUFR blacklisted --- scam --- do not confuse with MXT Global (Australia)



    NatureForex (Belize) --- no U.S. clients

    NinjaTrader (US) --- IB for FXCM (US)

    NordFX (Mauritius) --- subsidiary of NFX Capital MU Inc (Mauritius)

    Nord Markets (Sweden)

    NPBFX (Belize) --- Russian-owned (subsidiary of Nefteprombank), offices in London and Belize --- no U.S. or EU clients



    Oanda (US)

    OctaFX (St. Vincent and the Grenadines) --- no U.S. clients --- FCA-licensed (UK) --- focused on the APAC region

    ODL Markets (UK)

    OMFinancial (New Zealand)

    Onasis IBC (Seychelles)

    One Financial Markets (UK) --- FSA (UK) and FSB (SA) regulated broker, focused on Middle East and s. Asian markets

    OneTrade (UK) --- new STP broker with social- and copy-trading focus --- owned by FxStat (UK)

    Orbex Ltd (Cyprus)



    Pacific Financial Derivatives Ltd (New Zealand) --- no U.S. clients

    Panteon Finance (Ukraine) --- scam --- bankrupt

    PaxForex (St. Vincent and the Grenadines)

    Pellucid FX (Anguilla) --- out of business

    Pepperstone (Australia) --- no U.S. or Canadian clients

    Peregrine Financial Group - PFG Best (US) --- out of business

    PhillipCapital (Singapore) --- exchange-traded equities, options and futures (including currency futures) --- no OTC spot forex

    PhillipCapital (UK) --- FX, CFD indices and commodities --- subsidiary of PhillipCapital (Singapore)

    PipFixed (Panama)

    Plus500 Ltd (UK) --- acquisition by gaming company Play Tech abandoned (FCA objections) --- no U.S. clients

    PrimeFX (New Zealand)

    PrimeTradeFX (Switzerland) --- no U.S. clients --- accepts Canadian clients

    Primus --- see FX Primus (Mauritius)

    ProfiForex (Seychelles) --- does not accept U.S. clients



    Quaestor Zrt (Hungary) --- bankrupt --- business suspended by Hungarian National Bank

    Questrade (Canada) --- accepts Canadian citizens and permanent residents only



    Rakuten Securities, Inc. (Japan) --- has acquired FXCM Japan Securities Co. Ltd. --- no U.S. clients

    Real Forex (Belize)

    Real Trade (British Virgin Islands)

    Renesource Capital (Latvia)


    RJ O'Brien (US) --- institutional forex broker

    RoboForex Ltd (Cyprus)

    RoboTrade Ltd (Belize) --- M/M subsidiary (for cent accounts) of STP broker RoboForex Ltd (Cyprus)

    Royal Forex Trading - RFXT (Lebanon) --- licensed by CySEC (Cyprus), Sep 2016, providing access to the European market

    RTFX - Realtime Forex (Malta) --- out of business as of 29 May 2015 --- do not confuse with RFXT

    RubixFX (Australia)

    RV Markets (Hong Kong) --- out of business --- see UPME Group Ltd (British Virgin Islands)

    RVD Markets Ltd (British Virgin Islands) --- bankrupt



    Saxo Bank (Denmark)

    Sensus Capital Markets (Malta) --- no longer accepts U.S. clients --- license to operate in Malta suspended by MFSA (Mar '16)

    SGT Markets - Sterling Gent Trading (British Virgin Islands) --- no U.S. clients

    SHK Direct (Hong Kong)

    SimpleFX Ltd (St. Vincent and the Grenadines)

    SkyFX (Cyprus) --- subsidiary of Trademarker (Cyprus) --- suspended by CySEC (May 2016)

    SmartTrade FX (St. Vincent and the Grenadines) --- recently removed from Group 1

    Solidity Brokers (Cyprus) --- out of business

    Sterling Gent Trading Ltd (British Virgin Islands) --- see SGT Markets (BVI)

    STForex (Russia)

    Strategem FX (Belize) --- out of business

    Strato Markets (Netherlands)

    SVSFX - SVS Securities Plc (UK)

    Swiss International (Kuwait)

    Swissquote (Switzerland)

    SynergyFX (Australia)



    Tadawul FX --- see Liquid Markets (UK)

    Tallinex (St. Vincent and the Grenadines) --- no longer accepts new U.S. clients as of October 2016

    TD Markets Ltd (UK) --- owned by TDM Holdings Inc (St. Vincent and the Grenadines) --- fx and binary options

    TeleTrade (Russia)

    TempletonFX (UK) --- one of the trading names of Templeton Securities Ltd (UK) --- IB for ACM Group plc (UK)

    Templeton Securities Ltd (UK) --- parent of TempletonFX (UK) --- not affiliated with Franklin Templeton Investments

    Tenko FX (New Zealand)

    TFI Markets Ltd - TFIFX (Cyprus) --- no U.S. clients

    The Collective FX Global (Belize) --- see BDG Financial Services Ltd --- out of business

    Think Forex (UK and Australia) --- see ThinkMarkets (UK)

    ThinkMarkets (UK) --- TF Global Markets (UK) Ltd, and TF Global Markets (Australia) Pty Ltd --- formerly ThinkForex

    ThinkOrSwim (US) --- division of TD Ameritrade (US)

    Tickmill Ltd (Seychelles) --- no U.S. clients --- Canadian residents are accepted

    Trade 12 (UK) --- subs. of Global Fin Services Ltd (UK) owned by Exo Capital Markets Ltd (Marshall Is.) --- KROUFR blacklist

    Trade-24 (UK) --- unlicensed/unregistered broker, sanctioned by FCA (UK) and OSC (Ontario, Canada) for illegal operations

    Trade.com (Cyprus) --- trading name of Leadcapital Markets Ltd (Cyprus) --- CySEC-regulated

    Tradefort (Russia)

    TradeKing Forex (US) --- IB for Gain Capital (US) --- acquired MB Trading, Aug 2015 --- TradeKing is for sale as of Jan 2016

    Trademarker (Cyprus) --- parent company of SkyFX (Cyprus) --- suspended by CySEC (May 2016)

    TradeNext Ltd (UK) --- no U.S. clients --- facing reorganization --- currently terminating some clients

    Tradeo (Cyprus) - brand name of UR Trade Fix Ltd (Cyprus) --- social trading platform for FX and CFD's

    TradeOrbitz (UK)

    Traders Choice FX (US) --- IB for various brokers

    Traders Trust Capital Markets Ltd - TTCM (Cyprus)

    Trader's Way (Dominica)

    TradeStation Forex (US) --- subsidiary of Monex Group (Japan) --- parent of IBFX (US and Australia) being sold to Oanda

    Tradeview Ltd (Cayman Islands)

    TradeWiseFX (St. Vincent and the Grenadines) --- recently added to Group 1

    Trading 212 (UK) --- trading name of Avus Capital UK Ltd

    TradingForex.com (Cyprus) --- domain name of Traders Trust Capital Markets Ltd (Cyprus)

    Trading Point (Cyprus) --- no U.S. clients --- also see XM.com (Cyprus)

    Tradomart Ltd (Cyprus) --- see ForexMart (Cyprus)


    (alphabetical list - continued in post #5)

    .
    Last edited by Clint; 01-07-2017 at 03:31 AM.

  5. #5
    Join Date
    Mar 2009
    Posts
    4,508

    Default The Alphabetical Broker List (continued)

    - 5 -


    UBFS Invest (Cyprus) --- suspended by CySEC (May 2016)

    UFX.com - United Global Ventures LP (UK) --- may be UFX Markets Global / ufxmarkets.com / UFX Bank, rebranded --- SCAM

    UFX Bank (UK) --- out of business

    UFX Markets Global Inc (British Anguilla) --- Israeli company --- no U.S. clients

    UMOfx (New Zealand)

    Uni FX (UK)

    United World Capital - UWCFX (Cyprus)

    Universal FX (Switzerland)

    UpFX (Seychelles)

    UPME Group Ltd - FXUP ME (British Virgin Islands) --- formerly RV Markets (Hong Kong)

    USG Capital (Israel) --- subs. of Int'l USG Capital Ltd, owned by Atlantic Brokers (Bulgaria) --- suspended by ISA

    UTMarkets - United Trading Markets (Bulgaria?) --- trade-name of T-Marketing Services Ltd (Bulgaria?) --- warning from FSC

    UTrade Premium Ltd (Israel) --- algo-trading brokerage, banned by Israeli Securities Authority (ISA) --- scam

    UWCFX --- see United World Capital (Cyprus)



    Valbury Capital (UK) --- no U.S. clients

    Vantage FX Pty Ltd (Australia) --- retail partner of Vantage Global Prime (Australia)

    Vantage Global Prime Pty Ltd (Australia) --- institutional partner of Vantage FX (Australia)

    Varchev Financial (Bulgaria)

    Varengold (Germany) --- will cease operation as a retail FX broker by May 2016

    Venbey Yatirim (Turkey) --- scam

    VertiFX (Canada)

    Victory International Futures (Indonesia) --- Indonesian clients only

    Vinson Financials Ltd (Cyprus)

    VistaBrokers (Cyprus) --- no U.S. clients



    WFX Markets (British Virgin Islands)

    Windsor Brokers (Cyprus)

    WSD Global Markets (New Zealand) --- out of business



    xCFD Ltd (Cyprus / New Zealand)

    XE Markets (Malaysia) --- see Trading Point (Cyprus)

    XForex - XFR Financial Ltd (Cyprus) --- currently being dissolved --- clients are being transferred to Xtrade (Cyprus)

    XGlobal Markets (Cyprus)

    XM.com (Cyprus / New Zealand) --- see Trading Point (Cyprus) --- no U.S. clients

    XoomForex (Cyprus) --- out of business

    Xtrade (Cyprus) - XFR Financial Ltd (Cyprus) --- no U.S. clients --- do not confuse with X-Trade Brokers (Poland)

    X-Trade Brokers (XTB) (Poland)



    Yadix (British Virgin Islands)

    You Trade FX (Mauritius) --- scam --- do not confuse with scam broker UTrade Premium (Israel)



    Z.com (GMO-Z.com Trade UK Ltd) (U.K.) --- subs. of GMO Click (Japan) --- no U.S. or Japanese clients

    Zecco Forex Inc (US) --- merged with TradeKing (US)



    _______________ € £ $ ¥ ₣ _______________





    The 4½-page Offshore Broker List (above), compiled by members of this Forum
    over the past 6 years, has been placed at the beginning of this thread, where it will remain.

    What follows (below) was originally the first post in this thread, way back in September 2010.





    September 24, 2010

    Going Offshore to Escape the CFTC



    On the Broker Aid Station forum, a discussion got started about trading through foreign brokers who are outside the jurisdiction of the CFTC. That particular topic really doesn't belong on that forum. So, I'm opening this thread, as a place where that topic can be continued.

    I'll start this thread with a rant about the CFTC (because I have some ranting to get off my chest). Then, in subsequent posts, we can talk about specific foreign brokers, and whether there are advantages to trading with them.

    But, first things first. Here's my rant:



    Getting free of the CFTC, the NFA, and the rest of the Nanny State


    We've been conned. By Gary Gensler, the head of the CFTC. On another thread, I called Gensler "a sneaky, little weasel", and I stand by that description.

    Gensler set up a straw-man --- the 10:1 leverage limit --- and we all bravely attacked and destroyed the straw-man, thinking it was the enemy. In 9,000 public comments to the CFTC, we battled against that 10:1 straw-man, and we tore it to shreds; and we said, "If you ram this 10:1 thing down our throats, we'll take our business offshore."

    All the while, Gary Gensler and his crew were saying, "Gotcha --- you'll take 50:1, and you'll thank us for it. And, by the way, like hell you'll take your trading business offshore!"

    The CFTC never intended to impose a 10:1 leverage limit on retail forex in the U.S. From the very beginning, their objective was 50:1; and they achieved their objective completely.

    The phony 10:1 proposed limit was so extreme that we were relieved when the CFTC "relented", when they "listened to the voice of the forex community", when they set the leverage limit at 50:1, instead.

    Gensler wrote the sheet-music, and we sang the song. Have we been had, or what?


    Many reasonable folks, including several on this forum, have pointed out the hazards of using too much leverage, and have endorsed the new CFTC limit. Which misses the point entirely.

    It is not the proper business of government to regulate the way we live our lives. It is not the proper business of government to tell us how many calories we may consume, or how much we may drink, or how much of our paychecks we may spend on lottery tickets, or HOW MUCH FOREX LEVERAGE WE MAY USE.

    And it's not the proper business of government to tell U.S. residents where they may do their banking, or where they may do their trading. Finally, it's not the proper business of government to tell U.S. forex brokers where they may set up foreign branches, or whom they may accept as customers in those foreign branches.

    It is appropriate for the government to require brokers to furnish full and honest disclosure of the risks involved in forex trading, and to furnish full and honest disclosure of the terms and conditions of the trading accounts which they offer. And it is appropriate for the government to prosecute fraud wherever and whenever it occurs in any of the financial markets.

    Beyond that, the government has no legitimate role, and they should butt out.


    The CFTC has U.S. forex brokers by the throat: by threatening their ability to do business in the U.S., the CFTC can interfere with the rights of those brokers to do business outside the U.S.

    But, the CFTC has no authority over foreign brokers who operate entirely outside the U.S.* And under current law, the CFTC has no authority over individual traders who trade through foreign brokers that are beyond the reach of U.S regulation.

    The U.S. government claims the authority, through the IRS, to require U.S. residents to report foreign accounts which we hold --- bank accounts, brokerage accounts, etc. But, they cannot (yet) prevent us from having those accounts.

    The CFTC, and their sock-puppet the NFA, are behaving like the rest of the Nanny State: they are acting like our rulers, rather than our public servants. These people seem to believe they have the right and the power to do anything they want to do.

    They've never had that right, and they never will have it.

    They may have the power --- but, not for long.

    ______ END OF RANT ______


    * Edit (8/26/13) --- The statement marked with a red asterisk, above, is not entirely correct.

    Soon after we began this search for offshore forex brokers, we discovered that the CFTC (and other U.S. regulatory agencies) have their tentacles deep inside many foreign governments, through a series of nasty, little agreements known as Memoranda of Understanding. These agreements have effectively extended U.S. regulation to cover U.S. residents doing business in countries which have signed the agreements.

    There still are countries where these agreements do not (yet) exist --- and we are eager to find reliable brokers within those countries who will do business with us. And there are a few offshore brokers, in Memorandum countries, who have the courage to defy the over-reaching U.S. regulatory authorities, and welcome U.S. residents as clients --- and we are eager to identify these brokers, and to consider client relationships with them.


    _________________________________________





    Some things I learned this week about ACM and dbFX


    Earlier this week, I called ACM in Switzerland, and dbFX in New York, and specifically asked whether they are subject to CFTC regulation in any way, and whether they accept U.S. residents as clients. Here's what I was told:


    ACM (Advanced Currency Markets, Geneva, Switzerland) is completely beyond the reach of the CFTC. They have canceled their plans to open a U.S. subsidiary (it was to be called ACM-US), and they now have no U.S. presence. ACM is regulated by FINMA in Switzerland; they have an application pending with the Swiss banking authorities to become a Swiss bank; and they welcome U.S. customers. Minimum deposit to open an account is $2,000.



    dbFX is the retail forex brokerage division of Deutsche Bank. As a bank, Deutsche Bank is domiciled and regulated in Germany. But, their forex operation, dbFX, is domiciled in the U.K., and regulated by the FSA. dbFX's relationship to the CFTC is less clear-cut than ACM's. Deutsche Bank (the German-domiciled bank) has a large presence in the U.S., and some of their operations (other than forex) are regulated by the CFTC. dbFX (the U.K.-domiciled forex broker) is awaiting legal opinions on whether they fall under the jurisdiction of the CFTC in any way. I have placed my name on a list of people to be notified when that determination is made, and I will pass that info on to you, when I get it.

    Last edited by Clint; 01-07-2017 at 03:25 AM.

  6. #6
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    Quote Originally Posted by Clint View Post
    Earlier this week, I called ACM in Switzerland, and dbFX in New York, and specifically asked whether they are subject to CFTC regulation in any way, and whether they accept U.S. residents as clients. Here's what I was told:


    ACM (Advanced Currency Markets, Geneva, Switzerland) is completely beyond the reach of the CFTC. They have canceled their plans to open a U.S. subsidiary (it was to be called ACM-US), and they now have no U.S. presence. ACM is regulated by FINMA in Switzerland; they have an application pending with the Swiss banking authorities to become a Swiss bank; and they welcome U.S. customers. Minimum deposit to open an account is $2,000.



    dbFX is the retail forex brokerage division of Deutsche Bank. As a bank, Deutsche Bank is domiciled and regulated in Germany. But, their forex operation, dbFX, is domiciled in the U.K., and regulated by the FSA. dbFX's relationship to the CFTC is less clear-cut than ACM's. Deutsche Bank has a large presence in the U.S., and some of their operations (other than forex) are regulated by the CFTC. dbFX is awaiting legal opinions on whether they fall under the jurisdiction of the CFTC in any way. I have placed my name on a list of people to be notified when that determination is made, and I will pass that info on to you, when I get it.
    Have you looked at Dukascopy at all? They're one of the largest, if not the largest, Swiss brokers as I understand it.

  7. #7
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    Last edited by Clint; 12-27-2016 at 06:58 AM.

  8. #8
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    I currently use DukC and like em as a broker. I spoke with them yesterday to make sure that the CFTC NFA crap would not affect my account.

    Due to the fact that they are a bank, there should be no problems, according to them.

    I would recommend them.

  9. #9
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    Quote Originally Posted by o990l6mh View Post

    Have you looked at Dukascopy at all?.....
    Hello Magnus,

    I've gathered some information from their website --- Forex trading, ECN Broker, Managed accounts, Swiss FX trading platform --- but I haven't yet spoken personally with anyone at Dukascopy.


    Quote Originally Posted by sandpipper View Post

    I currently use DukC and like em as a broker......I would recommend them.
    Hello, sandpipper

    Long time no see. I wondered where you'd been hiding out.

    Thanks for the update on Dukascopy.

    .
    Last edited by Clint; 10-24-2016 at 03:34 AM.

  10. #10
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    Hello Clint,

    Hope all is well with you. I have pretty much deforumed (if thats the word) due to the fact that I have a fulltime job, as well as try to trade as much as possible, so something has to go.

    I do check in now and then but nothing like 6 or 8 months ago when I spent hours a week reading and commenting. Glad to see you still over here.

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