Behind every good trader is a good broker that provides reliable trading services.。In this new era of globalization, people have become more flexible in business transactions。Let's take the example of choosing a forex broker, we can choose more options offered by international forex brokers。Do brokers in other countries provide better service than brokers in a region？ 

Okay, let'sAn in-depth comparison of US Forex brokers and offshore brokersThe deal packages offered to see how they differ。

Here is a summary of the comparison between US and offshore forex brokers that you must know:

方面	美国	Offshore
监管	Commodity Futures Trading Commission, American Futures Association	IFSC, VFSC, CIMA, etc
Leverage cap	1:50, 1:20	1:25、1:500、1:1000、1:2000
Minimum deposit	约$50 or above	Approximately $10 or less。There are several brokers that allow a minimum deposit of $1。
Asset Index	CFDs trading restricted	Allow CFDs to trade
Cost of starting a brokerage firm	From $20 million	Below $200,000

  Hopefully by the end of this article you will have understood the above differences and will be able to choose the one that suits all your trading needs。

American Forex Broker

First, let's define the U.S. Forex broker.。In this paper,All companies that are located in the United States and actively offer forex trading pairs will be classified as U.S. forex brokers。

The main characteristic possessed by these brokers is that they are usually national futures associations (members of the NFA)。Another feature is that they are often regulated by the Commodity Futures Trading Commission (CFTC).。

As you may have guessed, having these two characteristics means that all US forex brokers operate in a very strict regulatory environment.。People even say that the environment is so harsh today that inThe main reason for the closure of more than 90% of Forex brokers that had operated there before 2010。

Currently still operating and well-known US Forex brokers includeOanda, IG and Interactive Broker, we will comment below。

OANDA

OANDA was first established in the United States in 1995, mainly engaged in foreign exchange brokerage business, has been registered with the Commodity Futures Trading Commission (CFTC) and has been effectively a member of the National Futures Association.。

OANDA offers traders the ease of trading by integrating their system with MT4。They applied the FIFO rule to their trading system, which means that two opposing positions in the same currency pair cannot be held at the same time。You may realize that its spread is not as low as you might find elsewhere。For example, the trading spread of EUR / USD is 1.1 point。

Now,OANDA has become an international brand and you can find it in other countries like Canada, Australia and Europe.。OANDA, which originated in the United States, limits its main foreign exchange leverage to 1: 50.。

美国OANDA offers products including 68 forex pairs and 10 cryptocurrencies。However, the United StatesOANDA does not offer any CFD or other tools other than Forex and Cryptocurrencies。

No minimum or maximum deposit limits。Transfer of funds toYour bank and intermediate bank may charge you a service fee when trading accounts with OANDA。

However,Traders in the US do have some interesting tools at their disposal。Traders in the United States can access the forex order book and the forex position book.。These options allow traders to get the previous trading daySummary of open and recently opened positions for all clients on the OANDA platform。This tool is perfect for traders who trade on the basis of sentiment market analysis。

For traders looking for more accurate brokers,Oanda may be an option。This is because OANDA is a broker offering 5 digit precision quotes, active price dynamics following market developments。In this broker, orders are also executed faster.。

It offers benefits to beginner traders,Because they can use a calculation system based on the value of the currency to make smaller transactions, rather than other brokers that use a batch system。

Established in1996 OANDA by Dr. Michael Stumm, Lecturer, Department of Computer Engineering, University of Toronto and The Olsen Ltd.co-founded by colleague Dr. Richard Olsen, a leading econometric research institution。They have headquarters in San Francisco, USA。

OANDA has branches all over the world。Some of these branches are located in the UK, Singapore, Japan and Canada。As the number of these branches continues to increase, OANDA is getting more and more attention from customers around the world。

OANDA'S COMPANIES ARE REGISTERED IN FINANCIAL TRANSACTIONS BY SEVERAL NOMINAL JURISDICTIONS。They are regulated by the US CFTC and NFA, UK FCA, Australian ASIC, etc.。Traders no longer need to worry about security when trading OANDA。However, these advantages make OANDA's trading rules more stringent than those of other brokers.。

For example,OANDA only allows a maximum leverage of 1: 20, as US and Japanese regulations do not allow this leverage to be exceeded。In addition, the registration process is more complicated because customers must open additional accounts for hedging transactions。

Nevertheless,OANDA is known for the many advantages it offers。OANDA is exposed to increased market risk during periods of increased market volatility, such as economic and political news announcements。When market spreads increase or decrease, their pricing engine expands or reduces spreads accordingly。This way, traders can get the latest from market price fluctuations faster。

The market price moves very fast in the market。Especially when news releases have a significant impact on market volatility。Brokers often exploit this situation to take advantage of the client's re-quote。However,in connection withTraders don't need to worry about extra fees when trading OANDA。

The company will never cancel the re-offerso that traders can make maximum profits。When traders cannot monitor open positions, they can set take profit orders to lock in profits and stop loss orders to help prevent further losses。

As an experienced and well-known online forex broker,OANDA is committed to maintaining an efficient trading environment, reducing latency and providing tools to help customers manage the extent of acceptable slippage。

通过Fast and reliable trading platform provided by Oanda,The customer's transaction is in0.Execute within 012 secondsThis is suitable for traders who choose a broker based on execution speed.。

Due to this superior executive service, it is not surprising thatOanda has won many awards, including in the highly respectedBest Global Retail Forex Platform Award in the e-FX Awards。The broker was also rated number one for consistency of filled trades, execution speed and platform reliability。

在在OANDA does not require a minimum deposit or minimum balance to open an account。Deposits and withdrawals can be made easily。OANDA offers various payment method facilities including Paypal, wire transfer, credit and debit cards。Traders can adjust according to their region。

OANDA offers over 100 trading tools, including71 currency pairs, 16 indices, 8 commodities (crude oil, copper, corn, natural gas, soybeans, sugar, etc.), 6 bonds and 23 metals。

fxTrade and MetaTrader platforms available in OANDA。These platforms can be used for desktop and mobile devices。Another advantage is that they have OANDA technical analysis in collaboration with technical analysis provider Autochartist。

With these platforms, customers can more easily monitor price movements and automatically identify patterns formed on charts, as well as receive alerts when waiting patterns appear。Free use of this technology allows customers to access information about financial markets more efficiently。

Anyway,OANDA is an ideal broker for traders who need quick execution, backed by years of experience。The firm is also a great option for those looking for a well-regulated broker with flexible trading and deposit conditions。

IG Markets

IG Markets (IG.com) licensed by the Commodity Futures Trading Commission (CFTC) to operate as RFED and IB。They also have a valid National Futures Association membership, NFA number 0509630。

Previously, the forex broker went out of business for several years in the U.S. foreign exchange market.。But later, they decided to re-enter the retail sector of the US foreign exchange market.。However, they no longer provide services to residents of Ohio and Arizona.。

Similar to other U.S. foreign exchange brokerage firms,Right.Trading in more than 80 forex major currency pairs uses a 1: 50 leverage capThis forex broker offers a fairly competitive spread rate。For example,The spread of the EUR / USD currency pair is 0.8 points, higher than Forex.com but below OANDA。

IG Markets also offers charting packages。This package allows traders to place orders directly within the chart。You can open an account at IG Markets with a minimum deposit of $250。

IG Markets is an online trading provider with decades of experience in the financial markets。Founded in 1974, this family

Leading companies in the world have beenReached more than 178,000 global customers in 2019, covering more than 16,000 markets。IG Markets is authorised and regulated by the Australian Securities and Investments Commission (ASIC)。It is worth noting that IG Markets, founded in 1974, is one of the leading online CFD brokers.。Their services have expanded to 15 countries on five continents.。

In addition to being known for solid experience,IG Markets is also known for its truly extensive trading tools。In fact, the broker has long been considered one of the most accomplished firms to offer clients the most traded assets。A wide selection of instruments including forex currency pairs, 26 indices, over 12,000 stocks, hard and soft commodities, cryptocurrencies, and other markets such as bonds, interest rates and options。

在在In IG Markets,There are two ways to trade forex: contracts for difference (CFD) and DMA (direct)The following are the conditions for each trading method:

Foreign ExchangeCFD

The lowest point difference:0.6 points

Commission: None

Platform:Web, Mobile, MT4, ProRealTime, L2 Dealer, Terminal, and API

Transaction Size: Contract

Demo Account: Yes

Foreign ExchangeDMA

Lowest Difference: No Details

Commission: perCommissions for $1 million transactions start at $10

Platform:Web, mobile apps, L2 Dealer, endpoints, and APIs

Transaction Size: Contracts

Demo Account: No

Both trading methods are available to all customers。However,DMA does not support trading in MetaTrader 4。Customers are also not allowed to use demo accounts in virtual trading。Basically, this is a type of trading reserved for experienced traders who need to get the best pricing in the market, because DMA provides market depth from a range of exchanges (including the full market depth of the London Stock Exchange)。

Trading platforms in IG Markets are accessible via web, mobile apps and desktop。They are divided into two main varieties: core platform and professional platform。The core platform is available for all types of transactions and also addsDMA, ProRealTime Access and Forex Direct Trading。At the same time, professional platforms include L2 Dealer, ProRealTime and MetaTrader 4.。

The first two platforms charge fees, including the lowest$2000 balance and monthly stock data and level 2 price fees (for L2 Dealer), and $40 monthly platform fees and monthly stock data fees (for ProRealTime)。

IG Markets does not require a minimum balance to open an account。It also provides a swap-free account, which allows customers to not be subject to any interest, rolling fees or swap fees on overnight positions.。However, all costs and expenses are already included in the spread。This kind of account is ideal for long-term traders who need to keep their positions for days or even weeks.。

For beginners,IG Markets creates an IG Academy, offering interactive education and online trading courses。This allows customers to better understand financial markets through infographics, video explanations, and end-of-course quizzes。And,IG Academy has integrated into their mobile app so customers can learn about financial markets in a more efficient way。

Anyway,IG Markets is a client-centric broker,have more than40 years of experiencecan support its reliability.。They offer traders a wide range of trading platform options, proving the best experience in core and professional platforms。

Tracker Securities (IBKR）

Tracker Securities (IBKR) are regulated by the SEC and the CFTC。It is limited to the US market and is currently the largest forex broker by market share in the US.。

Tracker Securities (IBKR) by GAIN Capital Holdings Inc.Owned and operated。The firm focuses on the Forex brokerage industry with offices in the United States and other major locations around the world.。

Since its inception,Tracker Securities (IBKR) has served the US retail foreign exchange market for more than 20 yearsCurrently, they can provide customers withWide selection of over 80 forex currency pairs。Traders can gain leverage of up to 1: 50 for forex major currency pairs and up to 1: 20 for forex minor currency pairs and other assets。

Traders can use it from their proprietary platform or evenMT4 Easy Access to Trading Through Securities (IBKR)Both are fully optimized for desktop, mobile and basedWeb Devices。At the time of initial registration, each client of Intercap Securities (IBKR) is required to deposit a minimum deposit of $100.。

EUR / USD spread as low as 0.2 pointsTraders can choose only spread plus commission, spread plus commission, or transaction fees.DMA Mode。Even better, Trading Through Securities (IBKR) also offers an active trader program。The program works by offering a 15% rebate on trading fees to high-volume traders.。

Tracker Securities (IBKR) is a direct market access broker, execution, clearing, settlement and prime brokerage services for clients。自Since its founding 41 years ago by Thomas Peterffy, the company has grown internally to become a major securities firm with more than $7 billion in equity.。

A popular broker that was originally considered a senior trader,Tracker Securities (IBKR) launched a second tier service called IBKR Lite in 2019 for more casual investors。

Serving more than 125 market destinations worldwide, IBKR Lite provides institutional and professional traders with direct access (online) to trade execution and settlement services for a wide range of trading products, including equities, options, futures, forex, fixed income and global funds.。The Trading Through Securities (IBKR) Group and its subsidiaries execute more than 85 per day..90,000 transactions。

Headquartered in Greenwich, Connecticut, Tracker Securities (IBKR) has more than 1,400 employees in the United States, Switzerland, Canada, Hong Kong, the United Kingdom, Australia, Hungary, Russia, Japan, India, China and Estonia.。IBKR is regulated by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the Financial Conduct Authority (FCA) and is registered with the New York Stock Exchange (NYSE).。

Tracker Securities (IBKR) provides a series of product-centric tools, such as OptionTrader and Probability Lab, to simplify single and complex multi-leg options trading; FXTrader for foreign exchange trading, to help traders find lower costs in ETFs Mutual Fund / ETF Replicator, and fixed income screeners for corporate and institutional bonds。In general, when trading with Trading Through Securities (IBKR), it will provide the most useful and up-to-date tools to maximize trading and investment objectives。

As a well-known and regulated broker in the United States,Tracker Securities (IBKR) has won some awardsRecently, they wereBarrons was named the best online broker of 2019 and classified as the best broker for mobile, international and frequent traders.。In addition, they have won the Best Performing Broker Award from Preqin Service Providers and the Best Total Broker Award from Investopedia (lowest cost, best for international trading, best for options trading, best for day trading and best for low-priced stocks).。These awards were not only won in 2019, but since 2005, Interflow Securities (IBKR) has won many awards for the best service it provides to its clients.。

In order to optimize the speed and efficiency of trading for customers, Interflow Securities (IBKR) offers a robust suite of trading platforms。Here is the list:

Customer Portal

A one-stop destination to view quotes and place trades, view account balances, profit and loss, as well as key performance indicators, fund raising and reporting。

DesktopTWS

It is a flagship platform designed for active traders and investors who trade multiple products and need strong flexibility。In the case of Tracker Securities (IBKR) traders open accounts and use the platform, traders can take advantage of the most advanced algorithms and trading tools, as well as a library of tools for optimal customization and asset-based trading layouts。

IBKR Mobile TWS

IBKR Mobile TWS is for traders who want to easily trade and monitor their IBKR accounts, whether using iOS or Android devices (tablet or smartphone)。

IBoT

IBoT is a robot that uses the customer's own words to find information and place orders.。IBot available on desktop TWS, IBKR mobile and customer portal。

IBKR WebTrader

IBKR WebTrader for traders and investors who prefer a simplified interface。

IBKR API或IBKR Pro

This trading platform is designed for traders and investors who wish to write their own trading software or automated trading programs; third-party software users。

Overall, interactive brokers have always been a good choice for those who want to find reliable and regulated trading brokers.。The interactive broker offers numerous trading platforms that provide the best quality service for beginners and professionals as it adapts to the needs of each client。

Offshore Forex Broker

Now, let's talk about offshore forex brokers。Although there is no formal classification,The term "offshore forex broker" is usually applied to brokers who have established operations in typical locations such as Saint Vincent and the Grenadines, British Virgin Islands, Cayman Islands, Seychelles, Mauritius and Vanuatu。

The main feature of these offshore brokers is that they typically operate in a more relaxed regulatory environment than the US, UK or EU。This lower barrier to entry for brokerage business and forex trading makes these locations popular destinations for new brokers and traders。

Some of the best-known offshore brokers includeFBS, OctaFX and InstaForexSo, let's continue and review their characteristics。

1. FBS

Founded in 2009 and headquartered in Belize, FBS has expanded globally and established a presence in several countries.。The company operates in different entities under the supervision of financial authorities such as IFSC in Belize and CySEC in Cyprus.。

FBS offers a variety of tradable financial instruments such as forex pairs, stocks, commodities, indices and cryptocurrencies。Availability of these tools may vary by account type and regulatory restrictions。

To meet the needs of traders,FBS offers various types of trading accounts。FBS is suitable for day trading because the broker offers a leverage of 1: 3000, which is the highest leverage。

As an international broker,FBS offers trading on 28 forex pairs, 10 cryptocurrencies and two commodities, with a large number of clients from more than 150 countries around the world.。

in fund raising and withdrawal,FBS allows minimum deposit of $125 for standard account, Cent account 12.$5, $1 for crypto account only。

FBS supports multiple payment methods, such as bank transfers, credit/ Debit cards, e-wallets such as Neteller, Skrill and Perfect Money, and local payment options tailored to the trader's country of residence。

自Since 2009, FBS's activities in the field of foreign exchange trading have been recognized by various international institutions.。As of 2019, FBS had 14 million clients and was named the most transparent Forex broker in 2018, the best investor education in 2017, and the best customer service Asian broker in 2016.。

FBS is regulated by Belize IFSC and Cyprus CySEC。The broker is trusted by millions of traders and 370,000 partners from all countries.。According to their data, FBS attracts around 7,000 new traders and partner accounts every day.。Moreover, 80% of customers stay in FBS for a long time。No wonder the broker has grown rapidly due to the growing number of clients。

Trading products offered by FBS include foreign exchange, CFDs, precious metals and equities.。In Forex trading, CySEC-regulated FBS offers 1: 30 leverage on Cent and Standard accounts。Clients wishing to experiment with higher leverage can choose betweenFBS Belize Registered Account。

In all types of accounts, the spreads provided fromStart at 1: 00。On standard accounts, the trading volume can vary from 0.01 lots to 500 lots。Therefore, experienced traders are advised to choose this account。

And inOn the Cent account, the trading volume can be up to 500 0.5 lots or the equivalent of 5 standard lots.。Cent accounts involve different levels of risk。FBS advises beginner traders to choose a Cent accountAll account types support the following trading instruments:28 currency pairs and 2 metals。

Before entering the real foreign exchange market, traders can pass the standard account andExercise with FBS demo account including Cent account。

FBS uses the MetaTrader 4 and MetaTrader 5 platforms。They apply toWindows and Mac, and Android and iOS mobile devices。These platforms allow traders to trade at their fingertips anytime, anywhere, enabling a trader to become an anytime, anywhere trader。

The MetaTrader platform also features a variety of key features, including the possibility to create, buy and use Expert Advisors (EA) and scripts, one-click trading and embedded news, technical analysis tools, copying the trades of other traders, hedging positions, and VPS service support。

Another advantage offered by FBS is a 100% deposit bonus for customers who meet specific requirements。The process of deposit and withdrawal can be carried out easily and quickly。According to the client's testimony, each process usually does not exceed3-4 hours, except holidays。

To increase the security of client funds,FBS also offers segregated accounts, where 70% of funds can be deposited with customer banks。This broker also offers something unique; 10% to 100% guarantee of deposit funds。If a trader loses funds in a trade but is insured, FBS will refund the trader's funds。

Traders are working withFBS also has the opportunity to engage in a side business when trading, i.e. as a referral broker (IB) or partner。The FBS partner system provides partner commissions that are already in the third tier。Traders can earn extra income simply by following specific procedures to introduce new clients to FBS。

Traders can alsoFBS Gain Trading Education Experience。They prepared a comprehensive forex course。The course consists of 4 levels: beginner, beginner, intermediate and advanced。Traders can take these courses and go from novice to professional。All materials are well structured。In addition, FBS offers a variety of forex analysis, webinars, forex news and daily market analysis that can be easily accessed on their website。

Traders can accessFBS website with many language options。Of course, this will provide traders with more comfort。Available languages include English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, etc。Online chat support is also available 24 hours 7 days。

Anyway,FBS is a widely known broker for retail traders worldwide。It continues to evolve to become the broker of choice as its flexible trading conditions allow clients to trade a variety of financial instruments, low deposits and other trading advantages.。

2. OctaFX

Founded in 2011 and headquartered in Saint Vincent and the Grenadines, OctaFX is a global brokerage firm for different countries.。OctaFX operates through regulated entities, including the FSA in Saint Vincent and the Grenadines and CySEC in Cyprus。

The broker offers forex trading and CFD trading, covering16 stocks, 10 indices, 35 forex pairs, 5 commodities and 30 cryptocurrencies across the popular MT4 and MT5 platforms。

To meet the needs of different traders,OctaFX offers various types of trading accounts with minimum deposits starting at $25。

In addition,OctaFX offers leverage ranging from 1: 25 to 1: 500。In addition, the broker offers many bonuses and promotions for all traders。

OctaFX is one of the most famous brokers in the world and has received many awards for its very comfortable trading atmosphere and closeness to its clients。OctaFX was founded in 2011 and is headquartered in Strovolou 47, Kyros Tower, Nicosia。

Notable awards for OctaFX include Best ECN / STP Award 2019 and Best Broker in Asia Award 2019 from FX Daily Info。Global Banking and Finance Review magazine also presented the 2018 Best Asian Broker Award to the broker.。In addition, there is an award from European CEO Magazine (Best Forex Broker and Best Trading Conditions 2018)。

For traders in most countries,OctaFX is registered in Saint Vincent and the Grenadines under the supervision of the Octa Markets Incorporated Authority in Saint Vincent and the Grenadines。The broker also offers various facilities such as online chat in Indonesia and support services via WhatsApp。In addition, traders can make deposits and withdrawals through various local banks。OctaFX does not charge a commission for every deposit and withdrawal made by a trader。

OctaFX offers different types of trading accounts, using market execution (STP / ECN) and from 0.Floating spread starting at 2 o'clock。Allows a variety of forex trading strategies in all accounts, from Scalping, Hedging to using expert advisors。

There is one more opening.Fixed exchange rate offers when micro MT4 accounts。All deposits opened with IDR will be calculated at the exchange rate of 1 USD = 10,000 rupiah and recorded in the trader's account balance。There is also a free account for Muslim traders who want to avoid overnight interest.。

OctaFX trading is also suitable for beginner traders。BecauseOctaFX offers from 0.Low spread starting at 0。The required initial deposit is also lower, only $25。The currencies used in the account are USD and EUR。

Every time a trader makes a deposit,OctaFX will offer 50% bonus。That way, traders get more money。Increased opening opportunities and deposit bonuses can be withdrawn on a conditional basis。

If traders are still confused about profit calculations,OctaFX platform offers trading calculators for each account type。Traders only need to enter the currency pair being traded, the amount of leverage, the number of lots, and the type of currency used in the account.。

通过Autochartist function, the opportunity to gain profits is also growing。Traders will be notified promptly when a profit signal appears in a trade。The accuracy of trend prediction reached 83%。

Traders don't need to worry about the safety of their funds at this broker.。OctaFX uses separate accounts and uses SSL technology to protect personal data and online financial transactions。This complies with international accounting standards and regulations。

Another advantage offered by OctaFX is the Trade & Win program。Opening an account with OctaFX will give you the opportunity to accumulate trading lots that can be accumulated into a variety of attractive prizes。Traders simply open a live account on MetaTrader4 or MetaTrader5 via OctaFX and redeem the bonus lot in this promotion。Among the prizes traders can get are T-shirts, Android smartwatches, smartphones and laptops。

Traders don't need to worry about missing out on promotions。BecauseOctaFX often offers bonuses and other promotions。The broker holds a demo trading competition on a real money account every week and the winner has the opportunity to receive real bonus money that can be used for trading。

An example isOctaFX Champions - MT4 Simulated Trading Competition。There are 4 winning places in each competition cycle, with a total prize of $1,000。

3. InstaForex

InstaForex: a Russian broker operating globally

InstaForex is a global broker based in Russia。Founded in 2007, the broker is a brokerage firm operating worldwide, serving more than 7 million active traders from different countries.。InstaForex operates through regulated entities, including CySEC in Cyprus and FSC in Saint Vincent and the Grenadines。

InstaForex offers 107 currency instruments, including contracts for difference (CFDs) in 83 U.S. stocks, gold and silver contracts, and futures contracts for difference (CFDs).。To meet the diverse needs of traders, InstaForex offers a range of different types of trading accounts with leverage ranging from 1: 1 to 1: 1000。

InstaForex provides customers with customer support services to help them answer questions and solve problems through live chat, email, phone, and occasionally social media platforms.。In addition, you will not miss the initial deposit of InstaForex, starting from a minimum of $1。

Multiple account types for various needs

InstaForex is an international broker providing trading services to traders worldwide.。Since its inception in 2007, InstaForex has served more than 7 million traders from different countries.。Headquartered in Kaliningrad, Russia, InstaForex is always committed to improving the quality of the company to captivate the hearts of its customers。

Their hard work has been confirmed, one of which has been in the form of multiple awards, includingThe 2018 Best Forex Cryptocurrency Trading Platform Award from the UK Forex Awards, the 2018 Best Asian ECN Broker Award from IBM, the 2018 Eastern European Forex Broker of the Year Award under the le Fonti Award, and the 2016-2017 Financial Olympus Development and Success Award, among others。

InstaForex offers 4 types of accounts that represent universal trading tools that facilitate trading on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard and Cent.Eurica。Trading account types vary depending on the method of spread and commission calculation, which is selected by the trader when opening an account。

Insta.Standard accounts apply to the standard trading conditions on the Forex market, allowing the use of classic spread settlement transactions without any fees。Traders will charge a fixed spread on each trade.。Offer spreads in the range of 3-7 points。The main advantage of this type of account is its versatility, traders can change trading leverage, and it is convenient to use traders' deposit size to trade。

与Insta.Standard account is different, Insta.The Eurica account does not need to pay any spread when opening a position.。Therefore, this type of InstaForex account is suitable for beginner traders with a minimum trading volume of 0.01 Hands。

 

InstaForex also offers other types of accounts, namely Cent.Standard and Cent.Eurica account, for beginner traders, because they can use the minimum trading volume, which is 0.0001 lots (cost per lot is 0.1 cent)。Deposit currencies available to traders include EUR and USD (for all types of accounts)。

在在Trading on InstaForex is fairly easy as traders can choose to trade with a leverage of 1: 1 to 1: 1000。With a minimum initial deposit requirement of $1 (for all types of accounts), InstaForex customers have the opportunity to receive a 30% to 100% deposit bonus。

Not only that, beginner traders will not be confused when determining forex trading strategies。BecauseInstaforex provides ForexCopy service, allowing traders to replicate orders from professional traders in just a few minutes。

In addition,InstaForex offers traders around 300 trading tools。In addition to currencies, there are futures, stocks, gold, silver, contracts for difference (CFDs), Bitcoin, etc.。

EachInstaForex customers can choose the trading platform that suits their needs。There are four types of trading platforms to choose from, includingInstaBinary, WebIFX, MetaTrader4 and MetaTrader5。Every platform has advantages and disadvantages。InstaForex also offers video tutorials on how to register on each platform。This is intended to be convenient for beginner traders who wish to join InstaForex。

If traders are still confused after watching the video tutorial, they can contact the provider24-hour customer service on social media including email, Skype, WhatsApp, Telegram, Viber, Twitter and phone calls。On InstaForex's website, about 30 languages are available to facilitate traders from different countries。

Traders can also passInstaForex website offers trading calculator to help yourself。Traders can accumulate currency pairs, leverage, volume and currency used。

在在InstaForex's payment system is also very diverse。Traders can make deposits via Visa, Mastercard, Skrill, Neteller, PayCo, and wire transfers。In short, InstaForex is a comprehensive broker for all types of traders.。

Key Differences Between US and Offshore Forex Brokers

After reviewing the key features offered by US and offshore forex brokers, we can see some key differences that may affect the way forex traders manage their accounts and trading strategies。

监管

The United States:In the United States, the Commodity Futures Trading Commission (CFTC) is responsible for ensuring the supervision of foreign exchange trading and brokerage business.。The CFTC does this through powers granted by law, such as enforcing regulation through the use of heavy fines, heavy fines, and even outright expulsion from the U.S. market.。

Offshore:Offshore brokers are also usually regulated, but not as heavily as the regulations imposed in the United States.。Some offshore regulators include the International Financial Services Commission, which operates in Belize (IFSC), Vanuatu Financial Services Commission (VFSC) and the Cayman Islands Monetary Authority (CIMA)。

Leverage limits

The United States:In the United States, the Commodity Futures Trading Commission (CFTC) will foreign exchangeLeverage caps for major currency pairs are set at1:50, Foreign ExchangeLeverage caps for minor currency pairs and forex options are set to1:20These leverage limits are defined byS. Dodd-Frank Act passed in 2010。The bill classifies retail traders and lists them as "non-savvy investors" who need to be protected from leverage abuse.。

Offshore:Almost every offshore broker offers significant leverage, sometimes as high as1:2000The leverage available to traders ranges from1: 25, 1: 500, 1: 1000 to 1: 2000。Traders are free to choose any available leverage option to trade their preferred currency pair。

Minimum Account Deposit

The United States:US Forex Brokers Require TradersMinimum deposit50美元As account opening balance。

Offshore:The minimum deposit requirements for opening an account on offshore platforms are more lenient, and traders only need to be on certain offshore platforms.以$10 to open a foreign exchange account。

Customer

The United States:US Forex Brokers are only allowed toUnited States citizens and permanent residents of the United StatesProvision of Services。

Offshore:Offshore brokers can come forfrom around the globeprovide services to customers。

Asset Index

The United States:Every asset traded on the platform of a US forex broker must be listed on an exchange, i.e. theseAssets must be listed in the US marketThis means that retail investors cannot enter into CFDs in the United States (CFD) trading。

Offshore:Offshore forex brokers allow traders to trade CFDs on their platforms (CFD) assets,There are no restrictions。

Broker Setup Cost

The United States:Forex brokers in the United States need to have at least$20 million of working capitalVery strict reporting requirements。Non-compliance can be fatal for brokers as fines and penalties are reportedly very expensive。

Offshore:Relatively low capital requirements to open a forex brokerage business in an offshore country。On average, companies typically spend noTo$200,000 feeto obtain licenses and other setup costs。

Main conclusions

Now, we've made it clearDifferences Between US and Offshore Forex Brokers, We can draw the following four differences that directly affect foreign exchange traders:

Regulatory Environment

Having a regulated broker usually means better consumer protection。The CFTC has consistently excelled at consumer protection, though consumers have also filed some complaints about broker misconduct.。

Regulators of offshore brokers are also known for providing good consumer protection, though they may be more lenient than U.S. regulators.。IFSC even offers an investor compensation fund if the broker is shown to be negligent or engaged in any improper operation。

Leverage and Margin Requirements

The leverage allowed by US forex brokers is limited to1: 20 to 1: 50while offshore forex brokers usually offer1: 25 to 1: 2000of leverage。Leverage restrictions make forex trading in the US more expensive than in offshore areas, as traders will need higher margin requirements.。

Leverage and margin requirements have an important impact on Forex traders, especially novice traders.。First of all, this means that outside the United States

Exchange traders cannot use small accounts。It also means that if traders choose to adhere to acceptable risk management standards, they will need to size their positions on the trade.。

Differences in leverage, margin requirements, position size, and risk management principles make offshore forex brokers more attractive to forex traders around the world.。Historical data also shows that, at this point alone, the U.S. foreign exchange market does lose out to offshore brokers in terms of market share.。

Customer Location

CFTC restricts US Forex brokers from serving only clients located in the US。Offshore brokers, on the other hand, can serve clients from all over the world without restrictions or discrimination of any kind.。

However, offshore brokers are not completely free to market their products to US forex clients, which many see as protectionism going a bit too far.。

Asset Availability

You will not see any on the platform of the US forex brokerCFD products or assets are traded because the CFTC prohibits any form of CFD or asset trading that is listed on a U.S. exchange。In contrast, offshore forex brokers offer CFD。因此 ，If you prefer to do it on stocks, indices, metals and other commoditiesCFD trading, then you can only choose to trade with an offshore forex broker。

In addition to US and offshore forex brokers, there is another class of brokers to consider, namelyUK Forex BrokerWhat are their specifications and what do they offer retail forex traders？Find out in the Top 10 UK Forex Brokers。