ForexLicenses

Brokers With Only Offshore Licences

These brokers are matched only to tier-3 or tier-4 licences in our database. They typically offer high leverage but no compensation scheme and limited recourse. This is not an accusation of wrongdoing — it is a description of their regulatory position.

Broker Licences on record Licence Score Actions
1 A Alpari Forex & CFD broker, since 1998 FSC (MU)FSA (Seychelles)MISA 36Weak Licences Visit site
2 IM IFC Markets Forex & CFD broker, since 2006 Labuan FSABVI FSC 35Weak Licences Visit site
3 AF Agrodana Futures Forex & CFD broker, since 2002 BAPPEBTI 34Weak Licences Visit site
4 BF BestProfit Futures Forex & CFD broker, since 2002 BAPPEBTI 34Weak Licences Visit site
5 D Didimax Forex & CFD broker, since 2004 BAPPEBTI 34Weak Licences Visit site
6 EF Equityworld Futures Forex & CFD broker, since 2000 BAPPEBTI 34Weak Licences Visit site
7 F Finex Forex & CFD broker, since 2001 BAPPEBTI 34Weak Licences Visit site
8 G GKInvest Forex & CFD broker, since 2002 BAPPEBTI 34Weak Licences Visit site
9 IM International Mitra Futures Forex & CFD broker, since 2002 BAPPEBTI 34Weak Licences Visit site
10 JA Jalatama Artha Berjangka Forex & CFD broker, since 2004 BAPPEBTI 34Weak Licences Visit site
11 KP Kontak Perkasa Futures Forex & CFD broker, since 2000 BAPPEBTI 34Weak Licences Visit site
12 MF Maxco Futures Forex & CFD broker, since 2000 BAPPEBTI 34Weak Licences Visit site
13 MA Midtou Aryacom Futures Forex & CFD broker, since 2001 BAPPEBTI 34Weak Licences Visit site
14 MP Millennium Penata Futures Forex & CFD broker, since 2002 BAPPEBTI 34Weak Licences Visit site
15 MI Monex Investindo Futures (MIFX) Forex & CFD broker, since 2000 BAPPEBTI 34Weak Licences Visit site
16 RT Real Time Futures Forex & CFD broker, since 2004 BAPPEBTI 34Weak Licences Visit site
17 RF Rifan Financindo Berjangka Forex & CFD broker, since 2000 BAPPEBTI 34Weak Licences Visit site
18 SG Solid Gold Berjangka Forex & CFD broker, since 2003 BAPPEBTI 34Weak Licences Visit site
19 TF Topgrowth Futures Forex & CFD broker, since 2004 BAPPEBTI 34Weak Licences Visit site
20 TM Tradeview Markets Forex & CFD broker, since 2004 CIMA 34Weak Licences Visit site
21 TP Trijaya Pratama Futures Forex & CFD broker, since 2000 BAPPEBTI 34Weak Licences Visit site
22 VA Valbury Asia Futures Forex & CFD broker, since 2002 BAPPEBTI 34Weak Licences Visit site
23 VI Victory International Futures Forex & CFD broker, since 2003 BAPPEBTI 34Weak Licences Visit site
24 AT Asia Trade Point Futures Forex & CFD broker, since 2008 BAPPEBTI 33Weak Licences Visit site
25 HI HFX International Berjangka Forex & CFD broker, since 2008 BAPPEBTI 33Weak Licences Visit site
26 DP Doo Prime Forex & CFD broker, since 2014 FSC (MU)FSA (Seychelles)VFSC 32Weak Licences Visit site
27 AC Anzo Capital Forex & CFD broker, since 2015 CMA (Kenya)FSC (Belize) 30Weak Licences Visit site
28 F FXPesa Forex & CFD broker, since 2016 CMA (Kenya) 29Weak Licences Visit site
29 KT KCM Trade Forex & CFD broker, since 2016 FSC (MU) 29Weak Licences Visit site
30 TG Trademax Global Markets Forex & CFD broker, since 2016 CMA (Kenya) 29Weak Licences
31 DF Doo Financial Futures Forex & CFD broker, since 2019 BAPPEBTI 27Weak Licences Visit site
32 EF Empire FX Trade Forex & CFD broker, since 2019 CMA (Kenya) 27Weak Licences
33 IT IC Trading Forex & CFD broker, since 2023 FSC (MU) 25Weak Licences Visit site
34 GC Grand Capital Forex & CFD broker, since 2006 FinaCom 22Very weak Licences Visit site
35 N NordFX Forex & CFD broker, since 2008 FSA (Seychelles)VFSC 22Very weak Licences Visit site
36 T TriumphFX Forex & CFD broker, since 2008 FSA (Seychelles)VFSC 22Very weak Licences Visit site
37 I iFOREX Forex & CFD broker, since 1996 BVI FSC 22Very weak Licences Visit site
38 B BMFN Forex & CFD broker, since 2008 VFSC 21Very weak Licences Visit site
39 F Forex4you Forex & CFD broker, since 2007 BVI FSC 21Very weak Licences Visit site
40 WF World Forex Forex & CFD broker, since 2007 VFSC 21Very weak Licences Visit site
41 F FXChoice Forex & CFD broker, since 2010 FSC (Belize) 20Very weak Licences Visit site
42 GM GMI Markets Forex & CFD broker, since 2009 VFSC 20Very weak Licences Visit site
43 R RoboForex Forex & CFD broker, since 2009 FSC (Belize) 20Very weak Licences Visit site
44 X XMTrading Forex & CFD broker, since 2009 FSA (Seychelles) 20Very weak Licences Visit site
45 A Axiory Forex & CFD broker, since 2011 FSC (Belize) 19Very weak Licences Visit site
46 FF Fort Financial Services Forex & CFD broker, since 2011 FSC (Belize) 19Very weak Licences Visit site
47 G GTCFX Forex & CFD broker, since 2012 VFSC 19Very weak Licences Visit site
48 OT Olymp Trade Forex & CFD broker, since 2014 FinaComVFSC 19Very weak Licences Visit site
49 TF Titan FX Forex & CFD broker, since 2014 FSA (Seychelles)VFSC 19Very weak Licences Visit site
50 V Valutrades Forex & CFD broker, since 2012 FSA (Seychelles) 19Very weak Licences Visit site
51 XM XGLOBAL Markets Forex & CFD broker, since 2011 VFSC 19Very weak Licences Visit site
52 CP CMS Prime Forex & CFD broker, since 2013 VFSC 18Very weak Licences Visit site
53 F FXPIG Forex & CFD broker, since 2014 VFSC 18Very weak Licences Visit site
54 FP Fortune Prime Global Forex & CFD broker, since 2014 VFSC 18Very weak Licences Visit site
55 MM Milton Markets Forex & CFD broker, since 2015 FSA (Seychelles)VFSC 18Very weak Licences Visit site
56 SC Scandinavian Capital Markets Forex & CFD broker, since 2014 VFSC 18Very weak Licences Visit site
57 S SmartFX Forex & CFD broker, since 2013 VFSC 18Very weak Licences Visit site
58 S SuperForex Forex & CFD broker, since 2013 FSC (Belize) 18Very weak Licences Visit site
59 TM TOP1 Markets Forex & CFD broker, since 2013 VFSC 18Very weak Licences Visit site
60 A AccentForex Forex & CFD broker, since 2015 VFSC 17Very weak Licences Visit site
61 C CIBFX Forex & CFD broker, since 2016 VFSC 17Very weak Licences Visit site
62 GC Gerchik & Co Forex & CFD broker, since 2015 VFSC 17Very weak Licences Visit site
63 GB Gulf Brokers Forex & CFD broker, since 2015 FSA (Seychelles) 17Very weak Licences Visit site
64 N N1CM Forex & CFD broker, since 2016 VFSC 17Very weak Licences Visit site
65 SM Swiss Markets Forex & CFD broker, since 2015 FSA (Seychelles) 17Very weak Licences Visit site
66 A AdroFX Forex & CFD broker, since 2018 VFSC 16Very weak Licences Visit site
67 L LegacyFX Forex & CFD broker, since 2017 VFSC 16Very weak Licences Visit site
68 T T4Trade Forex & CFD broker, since 2017 FSA (Seychelles) 16Very weak Licences Visit site
69 T TegasFX Forex & CFD broker, since 2018 VFSC 16Very weak Licences Visit site
70 BM Baxia Markets Forex & CFD broker, since 2019 FSA (Seychelles) 15Very weak Licences Visit site
71 EM ETO Markets Forex & CFD broker, since 2019 FSA (Seychelles) 15Very weak Licences Visit site
72 F FXLinked Forex & CFD broker, since 2019 FSA (Seychelles) 15Very weak Licences Visit site
73 F Finq Forex & CFD broker, since 2019 FSA (Seychelles) 15Very weak Licences Visit site
74 F Fondex Forex & CFD broker, since 2019 FSA (Seychelles) 15Very weak Licences Visit site
75 JM Juno Markets Forex & CFD broker, since 2019 VFSC 15Very weak Licences Visit site
76 Y Yadix Forex & CFD broker, since 2019 FSA (Seychelles) 15Very weak Licences Visit site
77 F FinPros Forex & CFD broker, since 2021 FSA (Seychelles) 14Very weak Licences Visit site
78 F ForexVox Forex & CFD broker, since 2021 FSA (Seychelles) 14Very weak Licences Visit site
79 O Opofinance Forex & CFD broker, since 2022 FSA (Seychelles) 14Very weak Licences Visit site
80 XP XB Prime Forex & CFD broker, since 2021 FSA (Seychelles) 14Very weak Licences Visit site

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Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.