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5 Best Offshore International Forex Brokers for 2024

Searching for the top international forex broker? Based on our hands-on analysis, we’ve identified the 5 best options tailored to various trading needs. Practical tips from our experts are included.

Plamen Stoyanov
Reviewed By:
Ola Alder
Updated: May 9, 2024

List of Top Offshore Forex Brokers and Platforms

MT4, MT5, OctaTrader platforms. Very accessible accounts. Below industry average trading costs. Available for various trading strategies.

Competitive prices across all asset classes. Choice of tradable instruments. Availability of lower-risk bond securities. MT4, MT5, Pro Trader by TradindView.

A wide range of trading account types. Low initial deposit. High maximum leverage. Autochartist, VPS, Trade analyzer, sentiment indicator. Copy trading.

Choice of CFD shares. Diverse account types. Low deposit requirements. Competitive general pricing. Low commissions on CFD shares. Versatile proprietary platform.

Complied with essential safety requirements. Private indemnity insurance. Free VPS hosting. Accessible VIP account with competitive pricing.

Exploring Offshore Forex Brokers

Offshore forex brokers are financial entities that provide currency trading services from jurisdictions with less stringent regulations. These brokers often appeal to traders seeking benefits not available in their home countries, such as higher leverage.

While top-tier regulators like CySEC, FCA, and ASIC cap leverage at 1:30 in Europe, the UK, and Australia, offshore locations like the Seychelles, regulated by the FSA, can offer leverage up to 1:500 and even more. This higher leverage attracts retail traders looking for more flexibility and potential profits.

However, it’s crucial to weigh these benefits against the risks of reduced trader protections, emphasizing the need for a careful approach when choosing to trade with offshore forex brokers.

How Did FX Empire Select the Best Offshore Forex Brokers?

FXEmpire's Methodology

  • Multilayered protection. We looked for offshore brokers that provide multiple layers of protection, including ensuring segregated funds and negative balance protection. The availability of a compensation scheme or private indemnity insurance is considered a benefit.
  • High leverage available. We only considered brokers offering a maximum leverage of 1:500 or higher.
  • Variety of platforms. The ability to choose between beginner-friendly and feature-rich platforms is very important, which is why we picked brokers with a diverse offering of trading platforms.
  • Low fees. We evaluated how each broker’s spreads and commissions fare against the industry average to find those with the most competitive pricing mechanisms.
  • Diverse accounts. We only considered brokers with a good choice of account types that can serve traders with different preferences, experiences, and trading strategies.
  • Choice of instruments. We picked brokers that offer a wide selection of tradable instruments from different asset classes.

Our team of experts has identified brokers’ strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Now let’s dive into the selected brokers.

Best Overall

Forex margin trading involves substantial risks.
  • Min Deposit
  • Tradable Instruments
  • Fees

OCTA is a Forex and CFD broker based in St Vincent and the Grenadines, has a very well-balanced offering, and serves traders globally. Founded in 2011, the company has quickly grown into a well-known and trusted name in the financial industry. With OCTA, traders can take advantage of the high leverage while being protected against sudden changes in the market direction.

Key Features:

  • Offshore Entity: Octa Markets Inc, registered in Saint Lucia
  • Maximum Leverage: 1:500
  • Protections Available: Segregated funds, negative balance protection
  • Trading Platforms: MetaTrader 4&5, OctaTrader

Octa Markets Inc is registered in Saint Lucia, and it adheres to most safety requirements. With a maximum leverage of 1:500 and relatively narrow margin call (25%) and stop-out levels (15%), I found OCTA suitable for the execution of high-yield/risk strategies like scalping.

I opened an OctaTrader account with the broker, which offers commission-free trading and floating spreads. I executed a full-sized (100,000 units) position on the EURUSD with a spread of 0.9 pips. I calculated my trade cost at $9 (0.9 pips x $10 pip value + $0 commission), which is below the industry average.

I was also positively impressed by the OctaTrader Web platform. It has over 100 analytical tools, such as volatility indicators, trend indicators, and a variety of drawing tools. The platform also affords one-click trading, which is essential for high-frequency trading.

  • Adheres to most safety requirements
  • Minimum deposit $25
  • Very competitive trading fees
  • Choice of trading platforms
  • The offshore entity is unregulated

Best Low Spreads

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
  • Min Deposit
  • Tradable Instruments
  • Fees

Moneta Markets was established in 2019 and is headquartered in Johannesburg, South Africa. I was impressed by the broker’s competitive prices and wide range of tradable instruments. The spreads I recorded on instruments from every available asset class are below the industry average. In addition, Moneta Markets’ rich offering of lower-risk securities like bonds enables the implementation of longer-term trading strategies.

Key Features:

  • Offshore Entity: Moneta Markets Ltd, regulated by FSA Seychelles
  • Maximum Leverage: 1:500
  • Protections Available: Segregated funds, negative balance protection
  • Trading Platforms: MetaTrader 4&5, Pro Trader, ZuluTrade

I opened a Prime ECN account with the broker, which offers raw spreads starting from 0.1 pips and a $6 round-turn commission per traded lot. I calculated that to trade a full-sized EURUSD position, it would cost me $7 (0.1 pips spread x $10 pip value + $6 commission). Given that the industry average is around $10–$11, I concluded that Moneta Markets’ fees are very low.

I was also impressed by the practicality of Moneta Markets’ proprietary Pro Trader platform, which is powered by the seamless TradingView. The platform supports over 100 analytical tools and is very flexible. Price action can be easily scaled up and down, giving the trader an intricate outlook into price action behavior. The mobile app version of the platform, AppTrader, retains the same level of practicality.

  • Very low spreads and commissions
  • Wide choice of tradable instruments
  • Suitable for high-frequency and long-term trading
  • Versatile platforms
  • Slow customer support

Best for Account Offering

Your capital is at risk
  • Min Deposit
  • Tradable Instruments
  • Fees

AMarkets is the offshore broker with the most versatile offering in terms of account types and supporting tools. Founded in 2007 and authorized in multiple offshore jurisdictions, AMarkets offers fixed and floating spread STP accounts, one ECN account, and an account tailored specifically for cryptocurrency trading.

Key Features:

  • Offshore Entity: AMarkets LTD, regulated by MISA Comoros
  • Maximum Leverage: 1:3000
  • Protections Available: Segregated funds, negative balance protection
  • Trading Platforms: MetaTrader 4&5, AMarkets mobile app

I opened an ECN trading account with market execution. It features round-turn commissions of $5 per traded lot and raw spreads from 0.0 pips, meeting the industry average. I also recorded a 0.6 pips EURUSD spread, which allowed me to calculate that trading one full-sized position will cost around $11 (0.6 pips x $10 pip value + $5 commission).

The broker offers popular MetaTrader 4/5 platforms, which support basic order types as well as other essential features such as one-click trading. I liked the platform’s design, as price action is clearly discernible on its chart screens

Automated trading is made possible by AMarkets’ Expert Advisors (EAs) package and VPS (Virtual Private Server) hosting. I also found that the broker incorporates the seamless AutoChartist, one of the industry’s best signal and market analysis providers.

  • Regulated broker
  • Incorporates Autochartist
  • Choice of platforms
  • Diverse account types
  • Unavailable for EU residents

Best Offshore Stock Broker

Your capital is at risk
  • Min Deposit
  • Tradable Instruments
  • Fees

Founded in 2012 and based in Seychelles, BDSwiss offers various tradable instruments from all major classes. Most notably, it provides over 130 CFD shares and ETFs at a generally low cost, so we selected BDSwiss as the best offshore broker for stock trading.

Key Features:

  • Offshore Entity: BDS Ltd, regulated by FSA Seychelles
  • Maximum Leverage: 1:500
  • Protections Available: Segregated funds, negative balance protection
  • Trading Platforms: MetaTrader 4&5, BDSwiss Web Trader

I opened a Raw account which offers raw spreads from 0.1 pips and a $5 round-turn commission per lot. At the same time, the account type has a very low minimum deposit requirement of $500. I also found out that the commission for trading CFD shares is 0.15%, which is also below the industry average.

Stock traders can choose between the renowned MetaTrader 4&5 or BDSwiss’ WebTrader. Personally, I preferred the latter because I found it more versatile. The proprietary platform allowed me to scale price action up and down quickly and easily, which I always valued as a high-frequency trader.

  • Below-average trading costs
  • Choice of account types
  • Low deposit requirements
  • Low commission for share CFDs
  • No weekend support

Best for Algo Trading

FX and CFDs trading involves a high risk of loss
  • Min Deposit
  • Tradable Instruments
  • Fees

The Cyprus-headquartered CFD & forex broker was founded in 2019. What stood out to me is that Errante has issued private indemnity insurance by Llyods of up to EUR 1,000,000 on its own initiative.

I assessed its VIP account type to be best fitted for algorithmic trading because of its relatively low deposit requirement ($5000) and favorable trading conditions. Algo traders with VIP accounts can take advantage of Errante’s free VPS (Virtual Private Server) hosting. It supports low-latency execution, which is a must-have for algo trading.

Key Features:

  • Offshore Entity: Errante Securities (Seychelles) Ltd, regulated by FSA Seychelles
  • Maximum Leverage: 1:500
  • Protections Available: Segregated funds, negative balance protection, private indemnity insurance
  • Trading Platforms: MetaTrader 4&5, cTrader

I measured the EURUSD spread at 0.9 pips on Errante’s VIP account. Given that the account type features commission-free trading, I was able to estimate the cost of trade on a full-sized EURUSD position at $9 (0.9 pips x $10 pip value). This is below the industry average.

Algo traders can automate their trading via the Expert Advisors (EAs) feature on MT4 and MT5 or go for the newer and more sophisticated cTrader platform. The latter has a more diverse set of order types, providing algo traders with greater flexibility.

  • Private indemnity insurance
  • Free VPS hosting
  • Incorporates cTrader
  • Competitive pricing
  • Limited research content

How to Choose an Offshore Forex Broker?

Now that I have covered our top picks for each category, it is time to outline the specific considerations traders need to make when looking for a trustworthy partner:

What is offshore regulation?

Offshore regulation refers to the oversight of financial activities by regulatory bodies in jurisdictions other than the country where the trading activity actually takes place. Offshore jurisdictions are often characterized by more lenient regulations, lower tax rates, and easier registration processes for financial entities like forex and CFD brokers.

For traders, offshore regulation comes with a mixed bag of pros and cons. On the upside, you get higher leverage and more flexible trading conditions, often unavailable in more strictly regulated environments. However, the downside is a potentially lower level of investor protection. While some offshore regulatory bodies are becoming more rigorous in their oversight, they generally don’t offer the same level of safety nets you would expect from regulators in major financial hubs like the U.S., UK, or EU.

If you’re considering an offshore broker, look for those that offer multiple layers of protection. This should include segregated accounts to protect your funds and negative balance protection to limit your risk. Additional elements like compensation schemes or private indemnity insurance can further enhance your security, even if the broker is regulated offshore.

Here are some of the most popular offshore regulators by jurisdiction and the protections and maximum leverage they provide:

  • Seychelles: The Financial Services Authority (FSA) of Seychelles
    (Segregated funds, negative balance protection, 1:500 leverage)
  • Mauritius: The Financial Services Commission (FSC) of Mauritius
    (Segregated funds, negative balance protection, 1:500 leverage)
  • Vanuatu: The Financial Services Commission (FSC) of Vanuatu
    (Segregated funds, 1:500 leverage)
  • British Virgin Islands (BVI): The Financial Services Commission (FSC) of the British Virgin Islands
    (Segregated funds, negative balance protection, 1:1000 leverage)
  • Belize: The Financial Services Commission (FSC) of Belize
    (Segregated funds, negative balance protection, 1:1000 leverage)

Check out our guide on Best high leverage forex brokers.

Is it possible to avoid ESMA rules?

Technically European traders can sidestep ESMA rules by opting to trade with offshore brokers regulated in jurisdictions outside the European Union. However, doing so comes with its own set of risks and considerations. While offshore brokers might offer more lenient trading conditions like higher leverage, they often don’t provide the same level of investor protection as brokers regulated by ESMA or other stringent authorities.

If you’re contemplating going this route, due diligence becomes even more critical. You should scrutinize the offshore regulatory body under which the broker operates, and evaluate their track record in consumer protection. Look for features such as segregated funds, negative balance protection, and ideally, some form of compensation scheme or private indemnity insurance.

Read more about Best European-regulated brokers.

How to check if the broker’s fees are competitive?

A broker may have several account types, each with different pricing mechanisms. The question is, how to know which one is best fitted for your particular style of trading? I will try to answer this question by providing an example with two distinct accounts, one STP and the other ECN:

The biggest difference between STP and ECN accounts, apart from the execution model, is the pricing mechanism. Usually, STP accounts afford commission-free trading and floating spreads, whereas ECN accounts have fixed commissions and raw spreads (typically starting from 0.1 pips). At first glance, the former sounds more favorable because you only have to pay one cost – the spread – rather than two.

Read more about Best STP forex brokers and Best ECN forex brokers.

Many brokers recognize the psychological significance of this sort of thinking and seek to exploit it by raising the spreads on their STP accounts to the point where they are no longer the more competitive option. I will now demonstrate how to do a quick test for yourself to evaluate the competitiveness of a broker’s ECN and STP accounts.

Pick an instrument, say, the EURUSD. Suppose also that the spread on the pair is 0.9 pips on a broker’s STP account and 0.1 pips on its ECN account. There is also a $6 commission for trading a 1 lot (100,000 units) contract. If the EURUSD pip value is $10, you can do a simple calculation to determine the value of a hypothetical position on the EURUSD executed on both account types. The formula is the value of a trade = spread x pip value + commission.

It’s worthwhile evaluating the costs of a broker you consider opening an account with for yourself before doing so. And if you are still uncertain, you can always check out our database of reviews to sort out the most competitive brokers.

Read more about Best lowest spread forex brokers.

How to choose a trading platform?

A trading platform is your window into the market. It allows you to observe price action behavior and study potential opportunities for placing orders. Technical traders use a platform’s array of indicators, drawing tools, and other features to examine various price patterns, changes in volatility, liquidity, and so on in order to gauge the most favorable times to enter or exit the market.

The best platforms are also the most versatile ones. They include a wide spectrum of technical indicators, such as Fibonacci retracement levels, oscillators, trend-based and range-based indicators, and others, as well as drawing tools, such as trend lines, channels, wedges, etc. They also allow you to easily scale price action up and down.

In addition to these components, when looking for a suitable platform, you must also look for efficiency. Ask yourself: Does the platform facilitate easy and rapid order placement through one-click trading? Does it support algorithmic trading via Expert Advisors (EAs)? Can it handle market, limit, and stop orders? These factors, and more, contribute to a platform’s overall effectiveness.

Check out our dedicated guide on Best forex trading platforms.

The two most popular retail platforms in the industry are MetaTrader 4&5. Over the years, the two have become the benchmark for simplicity and reliability. The two entries in the popular franchise have a decent range of technical indicators and drawing tools and afford multi-timeframe analysis.

However, despite MetaTrader’s easy learning curve, its rugged design becomes apparent when contrasted against newer and sleeker platforms. In my estimation, MetaTrader is a good choice for newbies wanting to learn the ropes, but to take your trading to the next level, you may need something more sophisticated.

The answer of some brokers is to develop their proprietary platforms. The advantage of most such platforms is their convenience. The ability to search for instruments by asset class, scale price action up and down with ease, or execute complex box orders are benefits you cannot find in MetaTrader. To summarise, the question of choosing the best platform for you is one of simplicity vs practicality.

Read more about best MT4 brokers and best MT5 brokers.

What are the potential risks associated with trading through offshore brokers?

Trading with offshore brokers comes with its own set of potential risks that traders should be cognizant of:

  • Limited Investor Protection: Offshore jurisdictions often lack the stringent regulations found in major financial centers, potentially resulting in a lower level of investor protection.
  • Operational Transparency: These brokers might not adhere to the same standards of operational transparency as those regulated by respected bodies like the SEC, FCA, or ESMA.
  • Fund Security: Offshore brokers may not be obligated to hold client funds in segregated accounts, thereby putting your capital at greater risk.
  • Leverage Risks: While higher leverage can be attractive, it also significantly increases the risk of substantial losses, and may not be suitable for all traders.
  • Regulatory Oversight: Some offshore regulators offer weak oversight and require less frequent reporting from brokers, creating opportunities for unethical practices.
  • No Negative Balance Protection: Without this feature, traders can potentially lose more than their initial deposit, incurring debts.
  • Lack of Compensation Schemes: Many offshore jurisdictions do not offer any form of compensation scheme to protect investors against a broker’s insolvency.
  • Market Manipulation and Slippage: The risk of encountering unfair trading practices like price manipulation and slippage is higher with less-regulated offshore brokers.

Given these risks, it’s crucial for traders considering an offshore broker to conduct thorough due diligence, examining the broker’s regulatory credentials, fund protection measures, and trading conditions before opening an account.

Read more about Best regulated forex brokers.

How to Avoid Forex and CFD Scams?

Scammers rely on the gullibility of traders. A common tactic fraudsters employ is to promise quick and easy profits at no risk to the trader. Often scammers would use labels that closely resemble the brands of real and legitimate companies. That is why regulators like the FCA have registers where traders can read about such fraudulent companies pretending to be others.

Another important consideration is online safety. Be cautious about where you leave your personal information. Registering your details on suspicious pop-ups that promise enormous profits could lead to your contact information landing on a scammer’s dialing list. Remember, no licensed broker would make unsolicited cold calls.

The next time you get contacted out of the blue with promises of becoming the next Warren Buffet, you must remember that you are most likely speaking to a scammer. I think that nowhere is the “if something sounds too good to be true…” saying more accurate than in the world of trading. That is why you should do your due diligence before opening an account with any broker.

Our Methodology

Here at FX Empire, we have pioneered a unique methodology for evaluating forex and CFD brokers worldwide. Our goal is to provide a comprehensive picture of a broker’s pros and cons so that our readers can make informed decisions. We understand their need to choose the best partner for their particular goals and needs.

Our team of dedicated professionals is working continuously to improve our system and keep it up-to-date with current market trends. We test each broker systematically by employing over 250 variables across nine categories:

  • Trust
  • Fees
  • Account Types
  • Tradable Instruments
  • Platforms and Tools
  • Deposits and Withdrawals
  • Customer Support
  • Research
  • Education

We strive to be as objective as possible, which is why our rigorous examinations are devoid of any personal bias as much as possible. We review the licenses of all the subsidiaries of a broker and check the fine print in the Client Agreement. The reliability of a broker is further determined based on the website’s regulations, fees, and general transparency.

We collect essential information by opening a live account with a broker entity and testing its services in real time. We measure the spreads, swaps, and commissions on its most popular account type and compare our findings to the industry average. We also test the functionality of the available platforms, the number and types of tradable instruments, the reliability of customer support, and the quality of the research and educational materials.

For this guide, we only considered offshore brokers with the most flexible and safe offerings for this guide. We scrutinized each broker’s adherence to safety regulations and assessed its maximum leverage. We measured spreads and commissions, comparing them to the industry average, and selected the brokers with the most competitive pricing.

Also, we assessed the usability of brokers’ platforms and confirmed whether they are integrated for implementing longer-term strategies, such as swing and day trading, or shorter-term, like intraday trading and scalping.

We abide by our strict guidelines for editorial integrity based on the objective standards we have set for our reviews. You can read more about our review process here.

Meet Our Writers

The team of forex and CFD analysts and editors at FXEmpire is composed of trading industry professionals and seasoned financial journalists. Our experts have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

An offshore broker is a financial services provider that is registered and regulated in a jurisdiction outside of the trader's country of residence, often in a location with more lenient financial regulations. These brokers often attract traders by offering perks such as higher leverage, lower taxes, and more flexible trading conditions. However, they may not offer the same level of investor protection as brokers regulated in stricter jurisdictions, making due diligence essential for traders considering this option.
Trading with offshore brokers is generally legal, but the specifics can depend on the jurisdiction in which a trader resides. In many countries, there are no laws prohibiting residents from trading forex or CFDs with offshore brokers. However, traders won't usually have the same level of legal protection as they would with a broker regulated by a more stringent authority in their own jurisdiction.
Yes, many offshore brokers are regulated, but the level and stringency of regulation can vary significantly depending on the jurisdiction. Consider that not all offshore regulators are equally rigorous. Some offer lax oversight, minimal reporting requirements, and limited investor protections. This can make trading with such brokers riskier compared to trading with brokers regulated by more reputable authorities.
It depends on the jurisdiction. Some of the more popular regulators include the FSA of Seychelles, the FSC of Mauritius, and the FSC of Belize.
Almost all offshore brokers ensure segregated funds, and some guarantee negative balance protection. It is rarer to see an offshore broker with a ‘best execution policy’ or with issued private indemnity insurance.
The availability of insurance on client funds can vary significantly among offshore brokers and largely depends on the regulatory environment in which the broker operates. For instance, Errante has issued private indemnity insurance, which protects their clients against insolvency.
Not necessarily. It is possible for offshore brokers to offer more competitive prices in order to attract international clients. But, on the other hand, most offshore brokers have lower daily turnover, forcing them to implement higher spreads.
It depends on national laws. To be certain, please check with your government’s authorities.
The European Securities and Markets Authority (ESMA) is a European Union regulatory agency responsible for overseeing financial markets within the EU. Its primary roles include the regulation and supervision of financial entities such as brokers, banks, and stock exchanges, with an aim to maintain market integrity, transparency, and investor protection. ESMA is known for implementing stringent rules, such as leverage caps and negative balance protection, to create a safer trading environment for retail investors.
The leverage is at the basis of margin trading. It multiplies your capital so that you can trade higher volumes. In practice, it serves as the money that your broker lends you to open bigger-sized positions and thereby generate bigger profits from smaller price movements in your favor. Accordingly, leverage can also boost the losses you incur from losing trades.
Leverage with offshore brokers typically operates much the same way it does with brokers regulated in more stringent jurisdictions, but with one key difference: the leverage ratios offered can be significantly higher. While regulatory bodies like ESMA in Europe or the CFTC in the United States impose leverage caps to protect retail investors (usually up to 1:30 or 1:50), offshore brokers often offer ratios as high as 1:500, or even 1:1000 in some cases.
High leverage in the context of forex trading refers to the ability to control a large position in a financial instrument with a relatively small amount of capital. Leverage is expressed as a ratio, such as 1:100, 1:500, or even 1:1000 in some offshore jurisdictions. For example, with a 1:500 leverage, a trader would only need $200 of margin to control a $100,000 position.
In tightly regulated jurisdictions like Europe and Australia, the maximum retail leverage is set at 1:30. In comparison, offshore regulators can offer leverage as high as 1:1000.

About the Author

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.