Does AZAforex Accept US Clients as of 2024? 

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US traders always look to trade with a suitable forex broker. The country has strict regulations in forex trading. As a result, the majority of online forex brokers do not accept US clients because they can not meet the regulatory requirements of the US authorities. High leverage and CFD trading are restricted in the USA. However, many forex traders still opt for trading CFDs with high leverage. That is why many traders settle for offshore forex brokers. 

AZAforex is an online offshore forex broker that is not authorized or regulated by any authority anywhere; so it is not under any obligation to abide by the rules guiding US-regulated brokers. In this blog post,  we will explore if AZAforex accepts US clients, its Pros and cons, and why US traders choose brokers like AZAforex and more.

Does AZAforex Accept Clients?

Yes, AZAforex accepts US Clients. Being an unregulated online forex broker, the broker has the flexibility to onboard clients from various locations worldwide, including the USA. Therefore, US traders can register for an account and trade forex and CFD trading with AZAforex.

AZAforex at a Glance

AZAforex at a Glance
  • Founded Year: 2016
  • Headquarters: Marshall Islands 
  • Minimum Deposit: No minimum Deposit (You may deposit as low as $1) 
  • Maximum Leverage: 1:1000
  • Regulations: None (Unregulated Offshore Broker) 
  • Trading platform: MobiusTrader 7
  • Account Types: Standard, Pro and VIP Account
  • Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
  • Payment Options:Bitcoin, Ethereum, Bitcoin Cash BCH,Dashcoin DASH,Tether USD,USD Coin,Monero XMR,Ripple XRP
  • US Traders: Accepted 

Why Do US Citizens Use Offshore Brokers Like AZAforex?

Below are some of the reasons why a US trader will choose to trade with AZAforex :

CFD trading:

Contracts for differences (CFDs) are financial contracts between a broker and a trader which allows the trader to take positions on the broker’s platform and speculate on the price direction of underlying financial assets without ownership. For example, with CFDs, a trader can make money by predicting the price direction of a company’s stock market shares without owning the company shares.

Unfortunately, the regulators officially prohibited US traders from trading CFDs. However, AZAforex gives US traders opportunities to trade CFDs from stocks, indices, and commodities.

High leverage:

Leverage is a tool that multiplies a trader’s market exposure in relation to his deposit. US traders are mandated to restrict forex leverage to 1:50 but AZAforex offers up to 1: 1000. This means that with a deposit of $500; you can open positions worth $500000. With higher leverage, there is a higher chance of making more profits provided that the market moves in favor of your position.

Low trading capital:

With AZAforex, US traders can start trading with $1 but US-regulated brokers demand a higher minimum deposit. Also, the trading fees and commissions are much lower with AZAforex than with the US-regulated brokers. Perhaps, because obtaining and maintaining a US forex broker license is very expensive.

Tax:

The United States has stringent tax laws which are almost impossible to evade. Forex traders are required to pay taxes on their profits. Trading with unregulated brokers like AZAforex makes it easier to pay reduced taxes especially if BTC is used to fund and withdraw from the trading account.

Pros and Cons of AZAforex for US Traders

Pros :

  • No Minimum Deposit – You may deposit as low as $1
  • Allow Crypto CFD Trading 
  • Offers leverage as high as 1:1000
  • Very tight spreads starting from 0.00001 pips 
  • Demo Accounts are Available 
  • Higher Leverage for US, and EU clients. 
  • Allow Scalping, EA Trading, and News Trading 
  • AZAforex  Accepts Crypto Deposits

Cons:

  • Unregulated Offshore Forex Broker 
  • Only Crypto  Deposit and Withdrawal Option 
  • No Managed Account Options
  • No MT4/MT5 offer ( Only  Mobius Trader 7 (MT7) is offered) 

Which countries are restricted on AZAforex

As AZAforex is an unregulated offshore forex broker. It can onboard clients from anywhere in the world. Currently, the broker does not have any restricted county list on its website. so it accepts clients from all over the world. 

Frequently Asked Questions (FAQs)

What is AZAforex?

Founded in 2020, AZAforex is an online forex and CFD broker. It is an offshore forex broker that offers Cryptocurrencies, indices, and commodities trading services to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of AZAforex is as high as 1:1000. 

Is AZAforex Regulated in the USA?

No. AZAforex is not regulated in the USA. It is an unauthorized offshore forex broker.

Does AZAforex have any office in the USA?

No, AZAforex does not have an office in the USA. As per their website, the broker is located in MARSHALL ISLANDS

Where is AZAforex located?

AZAforex is located on Marshall Island. However, on their website, we find a couple of locations. 

  1. Trust Beach Lodge Apartment Complex, Lagoon Road, Batkan Village, Majuro, Marshal Island
  2. 40 Bank Street, Canary Wharf, London, E14 5AB, United Kingdom 

Can Americans use AZAforex?

Yes, American traders can use AZAforex. However, traders should take care while trading with unregulated forex broker

Final Thoughts :

AZAforex is a forex broker that offers online forex and CFD trading services. The broker gives access to trade with a wide range of trading instruments including forex, commodities, indices, stocks, and cryptos. The broker allows almost all trading styles including scalping, hedging, copy trading, and news trading. 

AZAforex allows US clients to enjoy forex trading services on their own terms. If you like high leverage, AZAforex offers leverage up to 1:1000 Traders are allowed to use any strategies including scalping, hedging, news trading, and so on. Unlike US-regulated brokers, AZAforex offers CFD trading. However, the broker currently does not have metatrader(MT4, MT5) trading platforms. It uses the Mobius Trader 7 (MB7) trading platform. 

Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers puts your funds at higher risks

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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