Going offshore to escape the CFTC

Broker Discussion Forex Brokers
15578

How about FNMarkets? They are a brand new offshore broker launched just a couple of weeks ago, so there’s barely any user feedback out there. I came across a review on fairforexreviews. It mentions that the U.S. is on their restricted countries list, but I couldn’t find anything on the broker’s actual website confirming that. Has anyone here tried opening an account with them from the U.S?

Would appreciate any info or experience if someone’s looked into them more closely. Just trying to figure out if they’re even an option or not.

15579

This is true

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15580

I just received this email from AAFX.

Dear Valued Client,

We are writing to officially inform you of an important and positive development: AAFXTRADING has been successfully acquired by Boforex LTD. This strategic transition brings together two dedicated entities with a shared commitment to providing exceptional trading experiences.

As part of this acquisition, we want to assure you that all client accounts, including your valuable funds and any open trading positions, have been securely and seamlessly transferred to Boforex LTD. Our paramount priority throughout this process has been the safety and continuity of your trading activities.

Boforex LTD is fully committed to ensuring a smooth and uninterrupted experience for all our newly welcomed clients. We are proud to confirm that we will continue to support clients from all countries. Furthermore, we are excited to announce that new clients from the USA are now also welcome to open accounts with us, broadening our global reach and service. We uphold the same high standards of service, integrity, and client satisfaction that you have come to expect.

You will be pleased to know that you will continue to enjoy access to both the robust MT4 and MT5 trading platforms. No changes are required on your part to access these platforms. You may log in to both the trading platforms and the Client Portal (CRM) using the same credentials you previously used with AAFXTRADING.

Furthermore, there will be absolutely no changes to your existing account details, trading conditions, or platform access. Our unwavering commitment is to provide uninterrupted service and enhance your trading opportunities under the trusted Boforex LTD brand.

Important Note for Android App Users:

The only change you will need to be aware of relates to the Android mobile application. If you are currently using the AAFXTRADING Android app, we kindly request that you delete the existing application. To continue trading via your Android device, please download our new, enhanced Android app directly from the Boforex Client Portal. Once installed, you will need to search for the new server named Boforex and connect to it. All other aspects of your account access and trading experience will remain the same.

Should you have any questions or require assistance with this transition, or any other matter, please do not hesitate to contact our dedicated support team. We are here to ensure your continued success and provide any guidance you may need.

We look forward to a prosperous future together under the Boforex LTD brand.

Best regards,
AAFX Trading Support Team / Boforex LTD

15581

Thanks James.

I will update the List to reflect this change.

2 Likes
15583

Yes it is true.

1 Like
15584

:v:
As long as I am trading with offshore brokers, I can never fully abandon this thread because any issues I face with any of my offshore brokers, this thread will be the first to be informed.

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15585

I just saw Market101 has added a new platform - MTX4. I have tried it before with hugsoway, it is indeed identical to MT4. I am going to try some of my EAs now here.

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15586

@SmallPaul Thanks for all the contribution you have made towards the thread and feedback you have provided for the brokers. Every single feedback that members give here is useful to real traders out there.

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15587

If anybody was using these guys, they are going out.

ospreyfx

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15588

I have an account with them, and they are, in fact, closing up shop and urging clients to withdraw their money out. Thank you for the information.

Important Notice: OspreyFX Closure and Key Client Action Dates

OspreyFX will be ceasing operations, effective July 7th, 2025.

This has been a difficult decision and was made after careful consideration by the business. While we are proud of the platform we have built and the relationships we’ve cultivated, we have decided to pursue new opportunities. We would like to take this opportunity to express our sincere gratitude for your trust, loyalty, and partnership over the years. It has been our privilege to support your trading journey.

To ensure a smooth and transparent wind-down process, we kindly ask that you take note of the following important dates:

  • June 16th, 2025 – OspreyFX will no longer accept new deposits.
  • June 20th, 2025 – All positions will be set to “Close Only”. You will not be able to open new positions or submit new orders after this date.
  • July 7th, 2025 – All open positions must be closed by the end of the New York trading session. Any trades still open at this point will be automatically closed and any pending orders deleted.
  • July 7th, 2025 – All remaining funds must be fully withdrawn from the platform. Access to the trading platform will be restricted thereafter.

Our Support Team remains available 24/7 to assist you throughout this process. Should you have any questions or require assistance, please contact us via live chat or our Submit a Ticket option.

We understand this news may be unexpected and we are committed to providing the support you need during this transition. It has been an honour to serve you, and we extend our best wishes for your continued success in the future.

https://ospreyfx.com/

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15589

They started a CFD prop-firm at one time, too (I remember seeing the ads for it). Just sayin’.

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15590

Yeah but thank God they are not running away at least. Seems like they made some heavy investments which they could not recover

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15591

I gave duramarkets a try too. I made decent profits and decided to withdraw, it has been 2 hours and I haven’t recieved my money. I am starting to get a little anxious now, anyone else experienced delays like this? Not sure if I should be concerned or just wait it out.

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15592

I received my money now. Phew!! It took almost 3 hours, which is actually way more than the false promised 1 hour.

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15593

How are their spreads and execution. I was thinking to try their demo. It will be good to have options. I am satisfied with Market101 spreads and execution, its better than Hanko trade ( my friend told me last week they had major issues on the platform, he was not even able to login).

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15594

Thats good to know.

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15595

They have confirm with me that any withdrawal exceeding $2,000 will require more time. Their one-hour withdrawal advertisement should indicate this fact. I had the same worry, but I have always received my funds.

I actively engage with these brokers, post adverse reviews without hesitation, and always go straight to chat to express my worries.Their one-hour withdrawals can lead to unfavorable reviews if they aren’t cautious. Be Active with these brokers :+1:

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15596

The spreads are actually impressive tbh, one of the best that I have seen. Commission is $2/lot if your deposit is at least $500. Else, its $5/lot. Duramarkets a good option to have, in addition to any other broker that you are using. Be cautious of how much leverage you use with them, they are offering up to 1000X.

1 Like