Post
Topic
Board Trading Discussion
Re: List of Offshore Forex Crypto Brokers ( US & Canada Clients Friendly; Non ESMA)
by
RobertCollins
on 21/08/2018, 12:24:51 UTC
Thanks for taking the time to put together this list. Another one that offers crypto is ICMarkets, and they've been reasonable in terms of pricing so far. They're also true ECN, which means they compile their prices from their liquidity providers to give the retailer the best one, instead of most brokers who are market makers and take on losing trades for their own gain.

Another consideration is ease of withdrawal. Some brokers make it near impossible for you to cash out once making a profit. That's hard to know for sure so its something you've gotta test in small amounts before committing.

Wise suggestion but I IC makets does not accept  trader from US and Canada… don’t know about their stance on ESMA at the moment will they will eventually hv to comply with that also.. the main focus of the list is to pen down brokers that are trustworthy and take us Canada and EU clients being offshore/unregulated. 

Ah really, I wasn't aware of that. I thought that they did accept Canadian clients but must have been mistaken. I don't know what they are regulated under in Australia, but I would assume it falls under similar parameters?

The problem I have with brokers that are regulated under US/Canadian standards is their huge margin requirements. IC has significantly lower requirements for crypto and forex (I can't remember how much), and standard requirements for other assets.

Has anyone had successful withdrawals from these brokers listed above that they would like to share?



Like I see IC markets have some fan following out there, but ya @adlcrows is right. They don’t offer services in US and Canada and my list criteria include this point too. So I wish I can but I cannot add them in this list right now. That is why I bypass regulations by picking crypto fx brokers who are not restrained by CFTC and other controlling institutions to operate at will. These regulations are doing no good to the trading industry and its time traders should realize that regulations or no regulations don’t matter. Free trading through crypto is the new trend in market.

And talking of withdrawal exp. , well I am with Coinexx and evolve also lately. Opened an account with them while working on this list. Also tried every feature. Both of them offers almost instant withdrawals. I withdrew my first profits from Coinexx in 2 hours and in evolve too it took less than 4 hours. One extra benefit with Coinexx I felt was any to any transfer. I withdrew my BTC into coinbase LTC wallet directly. That was like awesome!