Exclusive: Offshore CFDs broker OnEquity adds South Africa FSCA license
OnEquity has also hired former IronFX executive Enver Snyders, as Country Manager for South Africa.
offshore fx brokers
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,
Exclusive: Mohamed Elsergany returns to PU Prime as MENA Managing Director
Mohamed Elsergany had previously served as Managing Director MENA for PU Prime, leaving in 2022 for rival Dubai based offshore broker OnePro.
Exclusive: Mohanad Yakout returns to offshore CFDs broker PU Prime as Chief Markets Analyst
Mohanad Yakout joins PU Prime from OnePro, an offshore CFDs broker based in Dubai where he was Global Head of Market Research.
Exclusive: Tickmill alum Simon Andras becomes CEO of new offshore CFDs broker ConnextFX
ConnextFX is operating as a Seychelles domiciled entity. The broker will apparently initially focus on the LATAM and Far East markets.
Hantec launches offshore prop trading unit Hantec Trader
Hantec Trader will offer proprietary trading accounts powered by Hantec Markets, a brokerage firm domiciled in Mauritius.
Exclusive: Offshore CFDs broker ForexVox rebrands as MarketsVox
MarketsVox was established in 2019 by former GKFX exec Joe Roeder and entrepreneur Stuart Pettman.
Exclusive: BUX/Stryk exec Arkadiusz Bujalski joins Zara FX as Ops Manager
Arkadiusz Bujalski joins Zara FX from BUX, where he was Head of Customer Support for BUX’s Stryk CFDs brokerage brand.
Trade Nation adds offshore license in Seychelles
The new license widens Trade Nation’s global reach and provides more opportunities for expanding its customer base, particularly in Asia.
Austria FMA warns of offshore brokers Roi Republic, BitLQ, iDealTrade
Austria financial regulator FMA has issued warnings against three offshore brokers targeting retail traders in the country.
Exclusive: Scope Markets partnerships head Daniel Clark moves to Titan FX
Prior to Titan FX Daniel Clark was Head of Partnerships at Scope Markets, and also worked previously at Capital Index and GKFX.
