US Traders always wish 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.
Nash Markets 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 whether Nash Markets accepts US clients, its Pros and cons, and why US traders choose brokers like Nash Markets and more.
Does Nash Markets Accept Clients?
Yes, Nash Markets 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 are able to register for an account and trade forex and CFD trading with Nash Markets.
Nash Markets at a Glance
- Founded Year: 2020
- Headquarters: Marshal Island
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: TradeLocker
- Account Types: Standard, Pro, Var, Mini, Cryptos
- Trading Style: Trading Styles: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Cryptocurrencies (ETH, LTC, XRP, DOGE, USDT)
- US Traders: Accepted
Why Do US Citizens Use Offshore Brokers Like Nash Markets?
Below are some of the reasons why a US trader will choose to trade with Nash Markets
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, Nash Markets 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 Nash Markets offers up to 1: 500. This means that with a deposit of $500; you can open positions worth $250000.
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 Nash Markets, US traders can start trading with $10 but US-regulated brokers demand a higher minimum deposit. Also, the trading fees and commissions are much lower with Nash Markets 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 Nash Markets makes it easier to pay reduced taxes especially if BTC is used to fund and withdraw from the trading account.
Pros and Cons of Nash Markets for US Trader
Pros :
- Low Minimum Deposit – Starting from $10
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- Nash Markets Accepts Crypto Deposits
Cons:
- Offshore Broker with very limited information
- Limited Deposit and Withdrawal Option
- Spread sometimes widens during market volatility
- Unregulated Forex broker
- No Managed Account Options
- No Meta Trader ( MT4/MT5) trading platforms.
Which countries are restricted on Nash Markets
As Nash Markets is an unregulated offshore forex broker. It can onboard clients from anywhere in the world. However, due to business decisions or third-party restrictions, the broker does not accept clients from the following countries.
Afghanistan, Botswana, Burma(Myanmar), Democratic Republic of Congo, Crimea, Cuba, Ethiopia, Iran, Iraq, Japan, Libya, North Korea, Pakistan, Republic of the Congo, Russian Federation, Somalia, Spain, Sudan, Syria, Trinidad and Tobago, Tunisia, Yemen, Zimbabwe.
Frequently Asked Questions (FAQs)
What is Nash Markets?
Founded in 2020, Nash Markets is an online forex and CFD broker. It is an offshore forex broker that offers 138 forex pairs, stocks, indices, commodities, and cryptocurrency services to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of Nash Markets is as high as 1:500.
Is Nash Markets Regulated in the USA?
No. Nash Markets is not regulated in the USA. It is an unauthorized offshore forex broker.
Does Nash Markets have any office in the USA?
No, Nash Markets does not have an office in the USA. As per their website, the broker is located in Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands
Where is Nash Markets Located?
Nash Markets is located on Marshall Island. However, on their website, we find three locations.
- Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960
- Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St Vincent and the Grenadines
- 22A-1 Financial Park Costa del Este, Panama City, Panama.
Can Americans use Nash Markets?
Yes, American traders can use Nash Markets. However, traders should take care while trading with unregulated forex broker
Final Thoughts :
Nash Markets 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, Forex, Cryptos, EU Stocks, US Stocks, and Commodities. However, like other forex and CFD brokers, Nash Markets offers only derivatives The broker allows almost all trading styles including scalping, hedging, copy trading, and news trading.
Nash Markets allows US clients to enjoy forex trading services on their own terms. If you like high leverage, Nash Markets offers leverage up to 1:500. Traders are allowed to use any strategies including scalping, hedging, news trading, and so on. Unlike US-regulated brokers, Nash Markets offers CFD trading. However, the broker currently does not have metatrader(MT4, MT5) trading platforms. It uses the TradeLocker 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
