Even though the general rule is, Regulation is the first and most important factor to consider when choosing a forex broker, some unregulated forex brokers do function honestly and will appear to be very similar to regulated brokers. Here is an overview of the 22 Best Unregulated Forex Brokers and Trading Platforms who have reputable reputations.
Broker type: STP
Leverage: up to 1:500
Platforms: MetaTrader 5
Instruments: Currencies, Crypto, Indices, Metals
CryptoAltum is a CFD broker based out of the Marshall Islands. Trading accounts can be opened in a number of different cryptocurrencies and at the time of this review, the available base currencies were Bitcoin (BTC), Bitcoin Cash (BCH), Ripple (XRP), Ethereum (ETH) and Litecoin (LTC).
Assets available for trade:
Customer Support is made available via live chat through either WhatsApp, Telegram, Facebook Messenger, or directly from the website.
Broker type: STP, ECN
Leverage: up to 1:500
Platforms: MetaTrader 5
Instruments: Currencies, Crypto , Indices, Metals, Energies, Stocks
XBTFX is a legally registered forex broker located in Saint Vincent and the Grenadines.
Trading accounts available from XBTFX can only be funded with cryptocurrencies, and no bank transfers or credit cards are accepted. The accepted cryptocurrencies currently include Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Binance Coin, Cardano, Stellar Lumen, Dogecoin, and the US dollar-pegged stable coins Tether, USD Coin, PAX, Gemini Dollar, TrueUSD, and Multi-collateral DAI.
Assets available for trade:
Customer Support is made available via email and live chat.
Broker type: STP
Leverage: up to 1:500
Platforms: MetaTrader 4, FIX API (protocol)
Instruments:CurrenciesCrypto Indices Metals Energies Stocks
SageFX is a legally registered forex broker located in the Saint Vincent and the Grenadines.
Assets available for trade include:
Customer Support is available 24/7 via the website.
Broker type: STP, ECN
Leverage: up to 1:500
Platforms: Web, MetaTrader 4
Instruments: Currencies, Crypto, Indices, Metals,Energies
Hankotrade is a legally registered forex broker located in the Seychelles.
Assets available for trade include:
Customer Support is made available via live chat.
Broker type: STP
Leverage: up to 1:500
Platforms: MetaTrader 4
Instruments: Currencies, Crypto, Indices, Metals,Energies, Stocks
Crypto Rocket is a legally registered forex broker located in the Saint Vincent and the Grenadines.
Assets available for trade include:
Customer Support is made available via live chat and phone.
Broker type: STP
Leverage: up to 1:500
Platforms: MetaTrader4,MetaTrader5
Instruments: Currencies, Crypto, Indices, Metals,Energies
Coinexx is a legally registered forex broker located in Saint Vincent and the Grenadines.
Assets available for trade:
Coinexx is a MetaTrader-only broker.
Broker type: STP
Leverage: up to 1:1000
Platforms: MetaTrader4,MetaTrader5
Instruments: Currencies, Crypto, Indices, Metals,Energies
Evolve Markets is a legally registered forex broker located in Saint Vincent and the Grenadines which accepts clients from all over the world excluding USA and some jurisdictions which are prohibited by the US.
Assets available for trade include:
Customer Support is available 24/7.
Broker type: STP, ECN
Leverage: up to 1:400
Platforms: MetaTrader 4
Instruments: Currencies, Indices, Metals, Energies, Softs, Stocks,Bonds
HQ Broker is a legally registered entity located in the Marshall Islands which accepts clients from all over the world, excluding USA, France and Hong Kong.
Assets available for trade:
Customer Support is made available via email and live chat.
Broker type: STP
Leverage: up to 1:1000
Platforms: MetaTrader 4
Instruments: Currencies, Indices, Metals, Energies,Softs Stocks
LMFX is a legally registered forex broker located in Saint Vincent and the Grenadines which accepts clients from all over the world, excluding some jurisdictions where restrictions apply.
Accounts on offer include:
Assets available for trade:
Broker type: STP, ECN
Leverage: up to 1:1000
Platforms:MetaTrader4,
MetaTrader5
Instruments: Currencies, Crypto, Indices, Metals, Energies, Softs, Stocks,Bonds
Accounts on offer:
Assets available for trade:
Customer Support is made available 24/7 via email.
Broker type: MM, STP, ECN
Leverage: up to 1:1000
Platforms:MetaTrader4, MetaTrader5, cTrader
Instruments: Currencies, Crypto, Metals,Energies
TradersWay is a legally registered forex broker located in Dominica which accepts clients from all over the world, excluding some countries where restrictions apply.
Accounts on offer include:
Assets available for trade:
Customer Support can be reached via a US phone number, live chat, or email.
Broker type: STP | ECN
Leverage: up to 1:1000
Platforms: MetaTrader 4
Instruments: Currencies, Crypto, Indices, Metals, Energies,Stocks
MTrading is a legally registered forex broker located in Saint Vincent and the Grenadines which accepts clients from all over the world, excluding USA, Canada, Germany, New Zealand and Japan.
Accounts on offer include:
Assets available for trade:
Customer Support is available via phone and email.
Broker type: STP
Leverage: up to 1:500
Platforms: MetaTrader4
Instruments: Currencies, Crypto, Indices, Metals, Energies,Stocks
SimpleFX is a legally registered forex broker located in Saint Vincent and the Grenadines which accepts clients from all over the world, excluding USA and some countries where restrictions apply.
Assets available for trade include:
Customer Support is made available 24 hours a day.
Broker type: MM
Leverage: up to 1:1000
Platforms: MetaTrader 4
Instruments: Currencies, Metals
FirewoodFX is a legally registered forex broker located in Saint Vincent and the Grenadines which accepts clients from all over the world, excluding USA.
Accounts on offer include:
Assets available for trade:
Customer Support is made available via email and phone.
FxGlory is an offshore forex and commodities broker headquartered in Dubai.
Account types on offer include:
Trading Platforms on offer:
Trading Platform features include:
Assets available for trade include:
LQDFX is an online Forex and CFD ECN brokerage firm headquartered in the Marshall Islands.
Accounts on offer include:
Micro Account
ECN Account
Gold Account
VIP Account
Islamic Account
All accounts are coupled with the market leading and ever-popular MetaTrader4 Trading platform.
Assets available for trade:
Customer Support is available 24/5 via live chat, phone and email.
AMarkets is a Forex broker which provides online trading services.
Accounts on offer include:
Fixed account
Standard account
ECN account
Bitcoin Account
Two types of trading platforms are on offer:
Customer Support is made available via phone and email.
Forex4You is a brand of E-Global Trade & Finance Group, Inc.
Accounts on offer include:
The Cent account:
The Classic and Class NDD (No Dealing Desk) accounts:
The Professional STP account:
All accounts are paired with the MetaTrader4 trading platform.
Assets available for trade:
Customer Support is made available 24/5 via email and live chat.
Fort Financial Services (FortFS) is an award-winning trading broker which operates from St Vincent and the Grenadines.
Accounts on offer include:
Trading Platforms on offer are:
Features include:
Features include:
Features include:
The CQG QTrader costs $40 per month plus $0.25 per filled contract and the CQG Integrated Client terminal is $595 per month plus a $0.25 commission.
Assets available for trade:
Customer Support is made available via live chat, online contact form, phone and email.
SimpleFX is a CFD broker based offshore in St. Vincent and the Grenadines. SimpleFX has a single account on offer coupled with the MetaTrader4 and SFX WebTrader trading platforms.
Assets available for trade include:
Customer Support is made available via FAQ section, live chat, and e-mail.
PaxForex is an online Forex broker domiciled in Saint Vincent and the Grenadines.
Accounts on offer include:
The Cent account:
The Mini account:
The Standard account:
Fix Account:
VIP account:
Platforms available for trade include:
Assets available for trade include:
Customer Support is made available via Email and Live Chat.
Schatz Markets is a foreign exchange broker.
Account Types on offer include:
Schatz Lite:
Schatz Pro:
Schatz Premium:
Schatz Islamic:
All accounts are coupled with the MetaTrader4 trading platform.
Assets available for trade include:
Customer Support is made available 24/5 via email and phone.
In general, be careful when choosing an unregulated forex broker. Even though some may be trustworthy, it may not be worth taking the risk.
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Overall, AvaTrade is considered a low-risk trading platform and can be summarised as a trustworthy forex broker. Avatrade’s is focused on spread and security.
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