Offshore FX brokers are websites which offer retail clients trading in forex pairs, CFDs and often cryptocurrencies, while located in one of many “offshore” locations. These include brokers which are licensed by small island and nation-states with the more popular ones being Belize, Seychelles, Mauritius, Saint Vincent and the Grenadines, the British Virgin Islands (BVI), and the Bahamas. Other offshore FX brokers are fully unlicensed, and operate with no regulatory oversight of any kind.
Offshore brokers typically can offer more risky terms to clients than can properly licensed, onshore brokers (such as those located in Europe, Australia, or North America), such as high leverage and volume-related deposit bonuses. However when things go wrong, clients of these offshore brokers typically have no recourse, and no real regulator to turn to,
Amillex, Amillex Global, Australia forex brokers, featured, Mark Tsang, offshore fx brokers
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Amillex recently hired former ACY Securities, CMC Markets, and Fortune Prime executive Mark Tsang as Head of Business Development.
Andrew Gibson, featured, offshore fx brokers, SGT Markets
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Most recently Andrew Gibson served as Head of Product Development, FX and CFDs at Tavira Securities Dubai.
B2Prime, B2PRIME Retail, featured, offshore fx brokers
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B2PRIME Retail will operate as a ring-fenced division with independent management, systems, and governance.
featured, Grace Energy, James E Thompson III, Lucy Lu, offshore fx brokers, SpecFX
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Spec FX is being run by former IC Markets director and CFO Lucy (Xu) Lu, who will serve as General Manager of Spec FX.
featured, Monaxa, offshore fx brokers, Omar Al-Janabi
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Omar Al-Janabi, based in Spain, left his role as Global Head of Sales and Business Development at online broker TopFX last month.
featured, MultiBank, offshore fx brokers, Sophie Squillacioti, UEXO
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Sophie Squillacioti joined MultiBank last year from Equiti Group, where she was Director of Sales – APAC.
featured, Kudo Funded, Kudotrade, offshore fx brokers, Stathis Flangofas
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Stathis Flangofas has served as Group CFO for a number of established brokers including Capital.com, SquaredFinancial, and HFM.
D Prime, Doo Group, Doo Prime, featured, offshore fx brokers
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D Prime also migrated its previous CMS to Statamic, a modern, flexible content management system.
Damon Sze, featured, Hantec Markets, offshore fx brokers, TopWealthTrading
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Damon Sze had been with Hantec Markets since 2018, joining initially as a Business Development Manager in Hong Kong.
featured, Markets Act, Mohamed Halim, offshore fx brokers
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Mohamed Halim, who is based in Dubai, was most recently Regional Director – MENA for TRADE.com, before leaving in 2023.
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