Debit cards are extremely useful for international transactions and purchases, but not all brokers accept them. Here's the list of offshore brokers that accept debit cards.

Opening an offshore bank account can be pretty familiar to many business players. Most of them want to get benefits, including better privacy protection and access to better banks that are not available in their home area. For similar reasons, many traders also like to use offshore brokers. However, many also doubt the security and legitimacy of offshore brokers.

Offshore brokers that accept debit cards.

You might've seen many bad notions regarding the term "offshore" when it comes to the general public. You might recognize it from the news where various mass media reported the "offshore tax havens" issue, which causes scandals such as "the Panama Papers". But in reality, most of them only see the surface of the problem and easily point out that all offshore entities are dangerous and illegal.

Considering all the bad reputation that the media has given to the very idea of everything "offshore", here we're going to start by explaining the truth behind offshore accounts and which offshore brokers are trustworthy.


Are Offshore Brokers Safe and Legal?

The answer to the question is yes. It's important to acknowledge that the term "offshore" doesn't mean unregulated or illegal, but it refers to any account located in a different jurisdiction from the country of residence. So, for example, if an American resident opens a bank account at Barclays Bank in the United Kingdom during his trip to London, then it is considered an offshore account. The same logic applies to any pair of countries and not only for banks but also for brokerage companies.

The common narrative about offshore accounts is that people usually use offshore accounts to hide their illegal funds or avoid taxes. Though this can be true at some point, it only applies to a small number of cases. We can't ignore the fact that some of those illegal acts also use domestic accounts. It simply means that both domestic and offshore accounts can be used for good and evil purposes. So it's unfair to only blame offshore accounts for such issues.

Another important thing is that offshore does not necessarily mean tax haven, and tax haven does not necessarily mean illegal. In fact, most offshore activities happen in high-tax areas such as the United States and the United Kingdom (which are definitely not tax havens). Even if the money moves through tax haven areas, most of those businesses are legal and legitimate. Besides, the OECD and international community are starting to impose stricter rules to tax haven areas, including rules for opening accounts and tightening due-diligence requirements.

Therefore, it's safe to say that having an offshore account is 100% legal, whether it's offshore bank accounts or brokerage trading accounts. There may be certain restrictions in non-democratic countries such as North Korea, but it's perfectly legal in most countries.

In some other countries like the US, having an offshore account is not forbidden, but traders must fulfill some mandatory reporting requirements. So if your country does have certain limitations or rules regarding offshore accounts, it's best to consult a tax lawyer or an accountant to make sure you are on the right path.


Should We Use Offshore Brokers?

Answering this question can be a little tricky. When it comes to offshore brokers, there are a few things that you must know. First off, not all countries have home-based forex brokers. In this case, you have no choice but to go offshore if you want to trade forex. Even if there are domestic brokers in your country, it's possible to find that their offers are less attractive than leading international brokers.

We can't deny that not all countries have equally good and fully-developed financial industries. Even in many developed countries, you will find it very hard to find an excellent retail forex broker with many benefits such as tight spread, high leverage, etc. It's even more crucial if you're planning to invest a lot of money in forex trading. You would need a highly trusted broker with the best condition that works for you.

Generally speaking, some of the best countries with great domestic forex brokers are the United States, the United Kingdom, Australia, Switzerland, Denmark, Cyprus, Hong Kong, South Africa, Japan, and Ireland. That being said, the rest of the world may not have good domestic brokers (or any broker at all), so it's completely normal to consider choosing an offshore broker for its lucrative offering.

Also, by using an offshore broker, you can minimize some risks. If you live in a conflict-affected area and only have a domestic account, you will be fully exposed to the financial system of your home country when there's a financial meltdown. Sometimes, local banks also force you to convert your hard currency to local currency, which could potentially devalue later. But with offshore banks, you can protect your money under the jurisdiction of more well-regulated countries. The same principle goes for opening an offshore broker account. 

Yet, trading with offshore brokerages is not without risk. We have mentioned that using an offshore broker means that your money is no longer subject to your country's local jurisdictions. So, if something happens to your assets, your government won't be able to protect you anymore. This is why you must consider where the broker is based in. If the broker's home country has strict rules and is economically and politically stable like the US or the UK, then you're good to go. Also, make sure that the broker is well-regulated to ensure the additional safety of your funds.


Forex Trading with Debit Cards

Using debit cards is one way to benefit from offshore brokers. The reason is that you will be able to use your money without any additional expenses. The transaction can also be processed instantly, so the time difference doesn't really matter. This way, you can make online purchases or withdraw cash easily from your local ATM at any time.

Another benefit is having a debit card for international currency such as the US dollar or the Euro. It means you won't have to pay conversion fees when buying stuff online or when going abroad.

Some of the best debit cards for international transactions are Mastercard and Visa. This is important because many local banks don't offer debit cards that can be used internationally, so it's pretty useless to make international purchases. In such conditions, having a Mastercard issued by a solid international forex broker will definitely be more helpful.

Before using debit cards as a payment method for trading, you must know that not all brokers accept them. Here we have summarized 5 of the best ones for you:


1. Pepperstone

Pepperstone is one of the leading forex brokers that has been around since 2010. The broker has a good reputation among traders and currently has headquarters in several countries including Australia, China, Kenya, and the United States. Pepperstone is well-regulated by ASIC, BaFin, Capital Markets Authority of Kenya, CySEC, and DFSA.

Pepperstone Specifications

🌐 Website
💼 Regulation
💲 Min Deposit
Year Established

Free education
Trading by telephone
PAMM accounts
MAM accounts
Segregated accounts
Affiliate program
Islamic accounts available
Wire transfer

Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.

Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone .

They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.

Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:

  • The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
  • Best Australian Broker and Best Trading Platform 2018 by
  • Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018

With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.

For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.

Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.

When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.

Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).

There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.

Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. The initial deposit starts at USD200 with a minimum lot of 0.01 (micro) and 1:500 leverage.

As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.

If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.

Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.

Apart from the demo account, there are two other account options that you can choose, namely Standard and Razor. To open an account, you need to prepare at least $200. When it comes to payment methods, Pepperstone offers many choices including debit cards, credit cards, Neteller, PayPal, Skrill, wire transfer, BPay, and UnionPay


2. HotForex

HotForex is a well-known forex broker that was founded in 2010. The broker accepts global clients and has headquarters in Cyprus, Mauritius, Poland, and United Arab Emirates. HotForex is regulated by several top-tier regulators including CySEC, DFSA, FCA, and many others.

HF Markets Specifications

🌐 Website
💼 Regulation
💲 Min Deposit
Year Established

Bonus offers
Trading contests
Free education
Personal manager
Trading by telephone
PAMM accounts
Segregated accounts
Managed accounts
Affiliate program
Islamic accounts available
Wire transfer

HF Markets is an award-winning forex and commodities broker. Established since 2010, the company provides trading services and facilities to both retail and institutional clients. For more than 9 years in business, HF Markets has around 1,500,000 live accounts opened and 200 employees globally.

Based on its services, HF Markets can be regarded as middle-class category. Clients do not need to prepare a big deposit for joining to trade with this broker. Also, there are various account types, trading software, and tools to facilitate individuals and institutional customers to trade forex and CFD online.

HF Markets is a registered brand name of HF Markets (Europe). Based on the location, the company is regulated by various financial regulators. Here are the details:

  • HF Markets (SV) Ltd, registered in St. Vincent & the Grenadine as an International Business Company with the registration number 22747 IBC 2015.
  • HF Markets (Europe), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with Licence Number 183/12.
  • HF Markets SA (PTY), is authorized and regulated as a Financial Service Provider (FSP) by the Financial Sector Conduct Authority (FSCA) in South Africa, under license number 46632.
  • HF Markets (Seychelles), incorporated under the laws of the Republic of Seychelles with registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA) under Securities Dealer Licence number SD015.
  • HF Markets (DIFC) Ltd, authorized and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885.
  • HF Markets (UK) Ltd, authorized and regulated by the Financial Conduct Authority (FCA) under firm reference number 801701.

If traders have more experienced, knowledgeable, and sophisticated trading environment, they can join to become Professional Clients, who can manage and assess their own risks. For that reason, these kinds of clients are granted access to more favorable rates but afforded lesser regulatory protections than retail clients.

Trading with HF Markets can enable traders to access a variety of trading instruments like CFDs on Forex, Cryptocurrencies, spot metals (gold, silver, and others), energies (oil and gas), commodities (such as coffee, copper, and sugar), indices, bonds, and popular shares such as Google, Apple, and Facebook.

HF Markets offers some of the tightest spreads in the market, starting from 0 pips in Zero Account. This broker quote major foreign exchange currency pairs to five decimal places. Therefore, traders have the opportunity to get more accurate pricing and the best possible spreads.

HF Markets receives numerous highly prestigious titles, including the huge honor of being ed to join the ranks of the World Finance Top 100 Global Companies. Others are Best Client Funds Security Global by Global Brands Magazine, Best Global Forex Copy Trading Platform by Global Forex Awards 2019, Fastest Growing Forex Broker Mena 2019 by International Business Magazine, and many more.

After opening an account in HF Markets, traders will obtain various forex trading platforms to accommodate all of their trading demands. Whether traders like to trade on desktop or prefer to trade on-the-go, they can use MetaTrader 4 on desktop (terminal, multi-terminal, and web terminal) and phone (iPhone, iPad, and Android).

Clients' funds are held in segregated accounts. Only major banks are used by Markets because they believe that successful traders have to give their full attention to their trading rather than worrying about the safety of their funds.

Traders do not need to worry about transaction fees when depositing and withdrawing. Transaction fees are not charged, and diversity of payment methods enable them to choose between Wire Transfer, Bank Card, and online payments (Neteller, iDeal, Sofort Banking, and Skrill). HF Markets ensures that traders make fast transactions 24/5 during the standard hours.

Traders can earn extra income by joining the affiliate program offered by Markets. Clients who join this program will get some advantages, such as 60% of Net Spreads based on the volume traded by sub-clients, up to $15 per a lot of net revenue, and many more. More information about HF Markets can be obtained on their official website which is supported in 27 languages.

From the review above, it can be concluded that HF Markets is one of the award-winning forex and commodities brokers. There are various account types traders can choose in HF Markets, and the broker itself becomes a favorite among traders for its low spreads. This condition is very suitable for traders with limited funds and a desire to get more opportunities to gain maximum profit.

You can choose several payment methods, including a Mastercard debit card for quick access to the money in your account. You can transfer the money from your account to your debit card instantly at no cost. Apart from that, there are also various useful trading tools and other features that would improve your trading experience.


3. is a leading broker that was established in 1999. The broker has headquarters in several countries including Australia, the United States, and the UK. is well-regulated by CFTC/NFA, FCA UK, FSA Japan, and IIROC. Specifications

🌐 Website
💼 Regulation
💲 Min Deposit
Year Established

Free education
US traders are welcome
Wire transfer

FOREX, also known as, is one of the global market leaders in the financial industry. Established in 2001, FOREX is a part of Gain Capital Holdings specifically meant for FX & CFD trading on powerful trading platforms and the popular MetaTrader 4.

Similar to its parent company, FOREX has been licensed by various financial watchdogs, including the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) from the US, the Financial Conduct Authority (FCA) from the UK, the Investment Industry Regulatory Organisation from Canada, as well as the Financial Services Agency from Japan.

For traders in South East Asia and the Middle East area, FOREX has been operating under the regulation of the Cayman Islands Monetary Authority.

Quality execution on every trade, transparency, and competitive pricing are some of the most optimized services in As per Q3 2019, the broker's total assets reached $1.288 billion and the total customer equity amounted up to $849.8 million.

FOREX presents its clients with the best freedom to trade in 300+ global markets including 80+ FX pairs, 220+ shares, indices, commodities, and cryptocurrencies. Spreads on each asset are displayed live on's official website, with EUR/USD having a spread as low as 0.8 pips.

For the trading platform, FOREX provides two major options: its in-house platform and MetaTrader 4. Both types are available on various devices and can be accessed as a web-based platform and mobile app. Furthermore, FOREX's proprietary platform is furnished with advanced charting tools like 70+ technical indicators, a host of time intervals, multiple chart types, 50+ drawing tools, and customization features.

Trading in is provided with various trading conditions that accommodate the needs of multiple types of traders. Apart from the services, FOREX also provides guidance and supports in the forms of real-time trade signals and analysis tools from Autochartist and Recognia. There are also trained market strategists to work with on developing a trading plan, as well as market analysis to keep clients Stay informed with real-time market insights and actionable trade ideas from FOREX's research team.

Account funding and withdrawal are enabled via bank transfer. However, there are no further details on the minimum amount of each process. FOREX also does not seem to present other options for payment methods like credit cards or even e-payment.

Generally, FOREX is a reliable FX and CFD broker based on its regulations and long-standing history since 2001. Clients can trade in either FOREX's platform or MetaTrader 4 with competitive spread and pricing. Still, FOREX is one of the top-tiers in the brokerage industry that adheres to strict regulations of prestigious financial regulators.

Some of its trading conditions may not suitable for retail traders with barely enough experience or small capitals. Despite it all, hosts one of the most accomplished material packages when it comes to financial trading.

In this broker, you can start with $250 and get maximum leverage of 1:200. Regarding payment methods, offers debit cards, credit cards, wire transfers, and SOFORT. The broker accepts clients from across most countries, including the US.


4. eToro

eToro is a highly reputable broker since 2007 with headquarters in China, Cyprus, and United Kingdom. The broker is regulated by several famous regulatory bodies such as ASIC, CySEC, FCA, FRN, and FINRA. eToro is well-known for its unique features, such as social trading, copy portfolio, and popular investor program, making it suitable for beginners and professionals.

eToro Specifications

🌐 Website
💼 Regulation
💲 Min Deposit
Year Established

Trading contests
Free education
Personal manager
Segregated accounts
Affiliate program
Islamic accounts available
US traders are welcome
Wire transfer

eToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia.

eToro (Europe) Ltd operates as a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. #109/10. Meanwhile, eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.

As for eToro AUS Capital Pty Ltd, the legal standing is acknowledged by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.

A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio.

Since 2007, eToro has been at the forefront of the Fintech revolution. The most recent was launched in 2017, which is CopyPortfolios powered by Machine learning Al. Beyond developing CopyPortfolios, the company integrated Microsoft's machine learning technology into Momentum DD.

The new CopyPortfolio investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundle traders into one fully-managed portfolio. eToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies.

Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos. Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro's most popular CFD commodities include gold, oil, natural gas, silver, and platinum.

Currencies are traded on eToro only as CFDs. Also, CFDs enable Sell (short) positions and leveraged trade, even for assets that don't offer the option in traditional trading. Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD.

Furthermore, An Exchange-Traded Fund (ETF) is a financial instrument comprising several assets grouped to serve as one tradable fund. After opening an account in eToro, traders can invest as little as USD250 in an ETF that costs USD500. Some of the popular ETFs on eToro include SPY, VXXB, TLT, and HMMJ.

However, eToro also offers additional functions using CFD trading. All leveraged ETF positions in the UK are under FCA regulations. Meanwhile, all CFD positions executed by eToro Australia are under ASIC regulations.

The company has other advantages. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.

eToro charges a USD25 fee for withdrawals and the minimum withdrawal amount is USD50. Long (Buy), non-leveraged crypto, stock, and ETF positions are not executed as CFDs and do not incur any fees. eToro does charge overnight or weekend fees for CFDs positions, such as leveraged positions and short (sell) orders.

Fee updates always apply to open positions. Fees are subject to change at any given time and could change daily, without prior notice, depending on market conditions.

As a beginner, trader can use CopyTrading eToro. Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. Therefore, 100% profit is fully owned by traders. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%.

The company is the world's leading social trading network. Since eToro operates in complete transparency, each trader has valuable information on their eToro profiles, so other traders that are interested to copy their trades can have assistance in creating their best portfolios.

Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other's posts, and gradually create a feed that is tailor-fitted to trader's trading and investing interests. On eToro social trading platform, traders will also get notifications when a trader writes a new post and many other important updates.

When it comes to payment methods, there are various options that you can choose including debit cards, credit cards, wire transfer, WebMoney, Neteller, PayPal, Skrill, UnionPay, and Yandex.Money.



OANDA was founded in 1995 and had quite a number of headquarters in many countries like Canada, Germany, Japan, Malta, Poland, Singapore, Switzerland, UAE, UK, and the US. The broker is well-regulated in the US, UK, Japan, Singapore, etc.

OANDA Specifications

🌐 Website
💼 Regulation
💲 Min Deposit
Year Established

Islamic Account
US traders are welcome

Traders looking for brokers with accurate precision, OANDA can be an option. That is because OANDA is a broker that provides quotes with 5-digit accuracy and active price movements that follow market developments. Order execution speed is also faster in this broker.

It provides benefits for novice traders, as they can trade with smaller volumes using the calculation system based on currency value, unlike other brokers adopting the lot system.

Founded in 1996, OANDA was built by Dr. Michael Stumm who is a lecturer in Computer Engineering at the University of Toronto, Canada, along with his colleague, Dr. Richard Olsen of The Olsen Ltd., which is one of the leading econometric research institutes. They have a head office in San Francisco, United States.

OANDA branch offices can be found everywhere. Some of these offices are located in the United Kingdom, Singapore, Japan, and Canada. With this number of offices spread, OANDA has increasingly attracted the attention of clients worldwide.

OANDA's company is registered under several well-known jurisdictions in financial trading. They are regulated by CFTC and NFA in the US, FCA in the UK, ASIC in Australia, and many others. Traders do not need to worry anymore about security when trading in OANDA. However, these advantages make trading rules at OANDA more stringent compared to other brokers.

For example, OANDA only allows maximum leverage of 1:20, because the rules in the US and Japan do not allow leverage above that. Besides, the registration procedure is more complex due to various additional requirements that are not submitted by other forex brokers. On top of that, hedging is not allowed in one trading account as the client must open an additional account to hedge.

Nevertheless, OANDA is known for being a leading broker with many advantages offered. OANDA faces increased market risk during periods of price volatility, such as economic and political news announcements. When market spreads increase or decrease, their pricing engine widens or narrows spreads accordingly. That way, traders can get the latest conditions from price movements in the market more quickly.

Prices move very fast in the market. Especially when news releases have a large impact on market volatility. This condition is often exploited by brokers to take advantage of clients with Requotes. However, traders do not need to worry about additional costs when trading with OANDA.

The company never withdraws Requotes so traders can get maximum profit. When traders are unavailable to monitor open positions, they can set take profit orders to lock in profits and Stop Loss orders to help protect against further losses.

As an experienced and well-known online forex broker, OANDA is committed to maintain an efficient trading environment that reduces latency and provid tools to help clients manage the degree of acceptable slippage.

With a fast & reliable trading platform by OANDA, clients' trades are executed in 0.012 seconds. This suits traders who choose brokers based on execution speed.

Because of this exceptional execution service, it is not surprising that OANDA won many awards, including the winner of the world's Best Retail FX Platform at the prestigious e-FX awards. The broker is also voted number 1 for Consistency of filling trades at quoted prices, Execution speed, and Reliability of platforms.

There is no minimum deposit or minimum balance required to open an OANDA account. Deposit and withdrawal can be done easily. OANDA provides a variety of payment method facilities, including Paypal, Wire Transfer, Credit Card, and Debit. Traders can adjust it to the region where they live.

OANDA provides more than 100 trading instruments, including 71 currency pairs, 16 indices, 8 commodities (Brent Crude Oil, Copper, Corn, Natural Gas, Soybeans, Sugar, etc.), 6 Bonds, and 23 Metals.

The fxTrade and MetaTrader platform are available at OANDA. These platforms can be used for Desktop and Mobile. Another plus is they have an OANDA Technical Analysis that exists in collaboration with a technical analysis provider called Autochartist.

With these platforms, clients can monitor price movements easier and automatically recognize patterns created on charts, as well as receive alerts when the awaited patterns appear. Access to this technology can be enjoyed free of charge.

In conclusion, OANDA is an ideal broker for traders in need of fast execution backed by many years of experience. The company is also a good alternative for those looking for a well-regulated broker with flexible trading and deposit conditions.

With only $1, you can open an account and start trading with maximum leverage of 1:50. As for the payment method, OANDA accepts debit cards, credit cards, Neteller, Skrill, and wire transfers.

If you have no idea where to start reviewing each broker above, the comparison table below can be a good consideration:

Compare Pepperstone eToro OANDA
General Rating 4.43/5
Trustpilot 4.7/5

1748 users

2 users

58 users
💼 Regulation
❗Information Testimonials (59), News (11), Articles (18) Testimonials (76), News (47), Articles (9), Promotions (2) Testimonials (101), News (27), Articles (16), Bonus (2)
⌛ Established 2010 2007 1996
💲 Min Deposit $200 $200 $0
⚖ Max Leverage 1:30 1:400 1:20
🔢 Spread Variable Fixed Fixed
💸 Commissions $7 -$50/Mil commission for Core pricing
💡 Min Position 0.01 lot 0.1 lot 0.00001 lot
💳 Payment Credit/debit cards, PayPal, UnionPay and Wire transfer Credit/debit cards, Neteller, PayPal, Skrill, UnionPay, WebMoney, Wire transfer and YooMoney Visa, Mastercard card, ACH deposits and Bank transfer
🏢 Office(s) AustraliaGermanyKenyaCyprusUnited Arab EmiratesUnited KingdomBahamas AustraliaCyprusUnited KingdomUnited Arab EmiratesUnited States United StatesUnited KingdomJapanBritish Virgin IslandsJapanMaltaSingaporeAustralia
🧩 Demo Account
📁 Segregated Account
🕋 Islamic Account
👨‍💻 PAMM Account
📈 Managed Account
💱 Hedging
🇺🇸 US traders
🕛 Swaps
🏆 Trading contests
⚡ Automated trading
💰 Bonus offers
📖 Free education
1️⃣ One-click trading
⏱ Trailing stop
⏳ Pending orders
Spread BettingSpread Betting
Gold & SilverGold & Silver
Binary OptionsBinary Options
Physical StockPhysical Stock
🗣 Website Languages Chinese, English, Russian Arabic, Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Norwegian, Polish, Portuguese, Romanian, Russian, Spanish, Swedish English
🚪 Trade Now Open Pepperstone Open eToro Open OANDA

To summarize, using offshore brokers is completely legal and safe, as long as we pick a well-regulated broker that complies with the rules. Apart from the various benefits that we can get from offshore brokers, it's also important to acknowledge that there are several risks attached to it. That is why, if you are interested in having an offshore account, it is crucial to do thorough research and financial preparation before investing. It's highly recommended to pick a regulated offshore broker with a good reputation, a good track record, and holds multiple forex licenses to reduce the risk of scams or other illegal activities.