- Max leverage
- 1,000:1
- Min deposit
- $5
- Bonus
- 100% deposit bonus
Best Offshore Forex Brokers 2026: Ranked on Costs and Licences
Short answer
XM is our featured broker and is shown first: a $5 minimum deposit, leverage up to 1,000:1, negative balance protection and a clearly named entity (XM Global Limited, FSC Belize 8557558). Every other broker is ordered by its Broker Atlas score, calculated from published conditions: Vantage (4.1) leads, then Exness (4.0), then HFM, XS.com and FXGT (3.9 each).
Our ranking
- Max leverage
- Unlimited
- Min deposit
- $50
- Bonus
- 100% deposit bonus
- Max leverage
- 2,000:1
- Min deposit
- Standard from about $10
- Bonus
- None
- Max leverage
- 2,000:1
- Min deposit
- $0
- Bonus
- 20% deposit bonus
- Max leverage
- 2,000:1
- Min deposit
- No minimum
- Bonus
- None
- Max leverage
- 5,000:1
- Min deposit
- $0
- Bonus
- 25% deposit bonus
- Max leverage
- 2,000:1
- Min deposit
- No minimum
- Bonus
- None
- Max leverage
- 2,222:1
- Min deposit
- No minimum deposit
- Bonus
- up to $13,840 deposit bonus
Also covered: Ultima Markets、FBS、M4Markets、Octa、MYFX Markets、IronFX、Errante、ThreeTrader、easyMarkets、LandPrime、AMarkets、Axi、EBC Financial、AXIORY、Hantec Markets、bitcastleFX、SwiftTrader、iFOREX、IS6FX
Comparison table
| Broker | Min deposit | Bonus | Licence | Visit broker | ||
|---|---|---|---|---|---|---|
 XMFeatured | 4.9/5Editorial rating | 1,000:1 | $5 | 100% deposit bonus | FSC Belize | Visit |
 Vantage | 4.3/5 | Unlimited | $50 | Promotions vary by region | FSCA South Africa 51268 | Visit |
 Exness | 4.2/5 | 2,000:1 | Standard from about $10 | None | FSA Seychelles SD025, CBCS Curaçao, FSC BVI, FSC Belize, F… | Visit |
 HFM | 4.1/5 | 2,000:1 | $0 | Deposit bonus | CySEC 183/12, FCA 801701, FSCA 46632, FSA SD015, CMA 155 | Visit |
 XS.com | 4.1/5 | 2,000:1 | No minimum | No deposit bonus listed | FSA Seychelles SD089 | Visit |
 FXGT | 4.1/5 | 5,000:1 | $0 | Deposit bonuses | FSA Seychelles SD019 | Visit |
 Titan FX | 3.7/5 | 2,000:1 | No minimum | No deposit or sign-up bonus | Vanuatu FSC | Visit |
 BigBoss | 3.2/5 | 2,222:1 | No minimum deposit | Three-tier deposit bonus up to $13,840 | Comoros | Visit |
Max leverage is the highest account tier and varies by country, account and equity.
How the order is set
XM is featured. It appears first, with a “Featured” label, because we chose to feature it: a $5 minimum, negative balance protection on every account and one named, licensed company make it an easy first account. Its overall rating is set by our editors and labelled “Editorial rating”.
Everyone else is ordered by the Broker Atlas score, out of 5. The score is calculated automatically from the published conditions in our data, with the same rules for every broker (apart from the featured broker, whose overall rating is set by our editors and labelled “Editorial rating”):
| Part | Weight | What it measures |
|---|---|---|
| Costs | 30% | EUR/USD spread, raw-account commission, gold spread |
| Trading conditions | 25% | Maximum leverage, minimum deposit, stop-out level, whether scalping and EAs are allowed |
| Safety | 25% | Licence of the company that serves you, group licences, regulator warnings, negative balance protection |
| Bonuses | 10% | Whether there’s a deposit or no-deposit bonus |
| Platforms and tools | 10% | Platforms, copy trading, swap-free accounts, local-language support |
A part with no data counts as 2 out of 5, so not publishing a figure never helps a broker. When a broker’s conditions change, its score and place change with them. The exact thresholds for each part are in how the Broker Atlas score works.
The score compares published conditions. It doesn’t measure execution quality or how a broker handles withdrawals in practice, so a small test withdrawal is still worth making.
Why the brokers are where they are
| Broker | Score | Costs | Conditions | Safety | Bonuses | Tools |
|---|---|---|---|---|---|---|
| Vantage |
4.1 | 3.2 | 4.5 | 4.3 | 4.5 | 4.7 |
| Exness |
4.0 | 3.8 | 4.9 | 3.6 | 2.0 | 5.0 |
| HFM |
3.9 | 2.8 | 4.5 | 4.0 | 4.5 | 4.8 |
| XS.com |
3.9 | 3.6 | 4.6 | 4.0 | 2.0 | 4.8 |
| FXGT |
3.9 | 2.6 | 4.7 | 4.0 | 4.5 | 5.0 |
| XM (featured) | 3.6 | 2.5 | 4.4 | 3.3 | 4.5 | 4.8 |
| Titan FX |
3.4 | 3.0 | 4.6 | 3.3 | 2.0 | 3.8 |
| BigBoss |
3.2 | 2.0 | 4.5 | 2.2 | 4.5 | 4.3 |
- Vantage leads on safety (an FSCA-licensed company in its group) and adds a 100% first-deposit bonus, unlimited leverage on small Premium Unlimited accounts, cent and raw ECN accounts and copy trading. → Vantage review
- Exness has the lowest costs in the table (EUR/USD around 0.8 pips) and the best trading conditions (2,000:1, unlimited on small balances, 0% stop-out), but no bonus. → Exness review
- HFM pairs a group with CySEC and FCA licences with 2,000:1, a $0 minimum, a Zero account at $6 per lot round trip and a 20% top-up bonus. → HFM review
- XS.com is cheap to trade and pays out within 24 hours, but has no deposit bonus. FXGT has the highest fixed leverage (5,000:1) and a 25% bonus, held back by wider spreads. → XS.com, FXGT
- Titan FX has tight raw pricing and no restrictions on scalping or EAs, but scores 2 on bonuses because it has none. BigBoss has the biggest bonus but the widest spreads and a Comoros licence. → Titan FX, BigBoss
- XM, featured above, scores 3.6: strong on bonus and tools, held back by a 1.6-pip average spread and no raw account. → XM review
Start from your need instead
- Bonuses: forex bonus comparison
- Safety first: safest offshore brokers
- Small budget: low minimum deposit brokers
- New to trading: brokers for beginners
Compare by need
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Frequently asked questions
How is the ranking order set?
XM is shown first as our featured broker, an editorial choice. Every other broker is ordered by its Broker Atlas score out of 5, calculated automatically from the published conditions in our data: costs 30%, trading conditions 25%, safety 25%, bonuses 10%, platforms and tools 10%. The full rules are on our methodology page.
Do affiliate payments affect the order?
The featured broker at the top is an editorial choice, and we may earn a commission when you open an account through our links. Every other position follows the score, and commissions never change a calculated score: it's calculated from published conditions only, with the same rules for every broker (apart from the featured broker, whose overall rating is set by our editors and labelled “Editorial rating”).
Does being featured raise XM's score?
No. XM's score is calculated like everyone else's, at 3.6 out of 5. Featuring it changes only where it appears, not the number shown next to it.
Is XM regulated?
XM Global Limited is licensed by the FSC in Belize (8557558). That is an offshore licence: lighter protection than the FCA, CySEC or ASIC. Test a small withdrawal first.