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,
featured, offshore fx brokers, RoboForex, RoboMarkets
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Belize-based brokerage RoboForex increased Partner commission for several trading instruments, including Gold, Silver, and Crude Oil.
CSA Canada, Cynthia Petion, Eddy Petion, featured, NovaTech, offshore fx brokers
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NovaTech is run by CEO Cynthia Petion and COO Eddy Petion.
featured, Jason Lau, Kohle Capital Markets, offshore fx brokers, Tim Waterer
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Offshore Retail FX and CFDs broker Kohle Capital Markets has announced that it is expanding its Australia office, adding Jason […]
churning accounts, FCA, FCA warning, featured, forex affiliate, offshore fx brokers, UK CFD broker
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According to the FCA approximately 80% of customers lose money when investing in CFDs.
featured, New Zealand FMA, offshore fx brokers, TradeCenter, tradecenter.center
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The FMA is concerned that TradeCenter is providing financial services including CFD trading services to New Zealand residents.
featured, forex fraud, offshore fx brokers
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The new advisory provides potential investors with eight cautionary tips about the risks of trading OTC forex.
Andrew Ishchuk, BelleoFX, featured, HonorFX, offshore fx brokers
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For the past two year Andrew Ishchuk had been CEO of another Dubai based offshore broker called HonorFX.
featured, JFD Bank, JFD Brokers, offshore fx brokers, ZumaMarkets
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ZumaMarkets is formally domiciled in Seychelles, but is run mainly from Panama and Venezuela, focusing on the LATAM markets.
AvaTrade, David Bottin, featured, offshore fx brokers, RaiseFX
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The raisefx.com website is technically being operated by a company called RaiseGroup LLP, which is registered in Kazakhstan.
EverFX, featured, Invaxa, invaxa.com, Marios Antoniou, offshore fx brokers
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Marios Antoniou was previously the Executive Director of CySEC licensed broker EverFX, which recently rebranded to Axiance.
