Offshore Forex Brokers

Forex brokers that are incorporated in an offshore jurisdiction and operate online can offer many advantages. The offshore jurisdiction usually provides discretion and privacy and online operations add easiness and cost effectiveness into the mix.

However, there are some drawbacks to using offshore brokerages for forex trading purposes. Many of these brokerages require higher minimum account sizes and offer no mini forex accounts with smaller margin requirements.

Furthermore, some of the offshore forex brokers require that the account must be opened by an offshore trust or an International Business Corporation (IBC) owned by the investor.

These requirements may complicate the account opening process and make it much more expensive.

As an exemplary service, here’s a short review of Berkeley (Bahamas) Limited, offering FX traders direct access to global currency markets through an offshore jurisdiction.

Offshore Forex Brokers – Berkeley (Bahamas) Limited

Berkeley (Bahamas) Limited offers offshore futures, options, bullion, forex, and CFD products brokerage services. The company has Bahamas headquarters in Nassau.

The parent company of the offshore corporation is Berkeley Futures Limited, and Financial Services Authority (FSA) regulated firm in the United Kingdom.

The firm’s other branches deal with as diverse financial products as initial public offerings and managed futures accounts.


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