5 Offshore Forex Brokers Offering MT4 Trading Platforms for 2024

An offshore forex broker is a financial firm that operates outside a trader’s home country, typically in regions with more lenient regulatory requirements. These brokers offer access to global forex and CFD markets, providing traders with a more flexible trading environment compared to those regulated by stricter authorities in places like the US or the EU. Many traders, particularly from countries with tight restrictions, turn to offshore brokers for benefits such as high leverage, lower minimum deposits, and fewer limitations on trading activities.

The MT4 platform, or MetaTrader 4, is one of the most popular trading software solutions in the forex market. It provides real-time market data, powerful charting tools, and the ability to automate trades using Expert Advisors (EAs). With its user-friendly interface, MT4 is suitable for both novice and seasoned traders.

However, many brokers have shifted away from MT4, opting for platforms like TradeLocker, ActTrader, Pro4, or proprietary platforms. Despite this trend, there are still offshore brokers that continue to offer MT4 to meet the demand from traders who prefer its simplicity and functionality. In this post, we’ll explore the best offshore forex brokers that support the MT4 trading platform, including their features, pros and cons, and what sets them apart.

A list of 5 Offshore Forex Brokers With MT4 Platforms

• PlexyTrade: Most Trusted Offshore Broker with MT4, MT5, PAMM Account
• N1CM:  Free access to Autochartist™ tools
• LMFX: Best for Non-US Trader: 
• Xchief: Offshore Brokers Service for Over 10 Years
• Fyntura:  Offshore Broker with Deep Liquidity 

A Comparison Table of Top Offshore Forex Brokers that Support MT4 Platform

5 Offshore Forex Brokers Offering MT4 Trading Platforms ( Reviewed and Tested)

1. PlexyTrade:

Founded in 2024, PlexyTrade is an offshore forex and CFD broker that provides traders with access to a wide range of financial instruments. With more than 100 tradable assets, including major cryptocurrencies, forex pairs, commodities, and global indices, PlexyTrade caters to traders worldwide. Despite being an unregulated broker, it offers flexibility in trading styles, supporting scalping, hedging, news trading, and more.

PlexyTrade stands out for its high leverage, offering up to 1:2000, making it an attractive option for those seeking to maximize their trading potential. The broker provides access to two of the most popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing users to trade CFDs with raw spreads starting from 0.0 pips and benefit from lightning-fast execution speeds, averaging under 46 milliseconds.

Key Features:

• Leverage: Up to 1:2000.
• Spreads: Raw spreads from 0.0 pips.
• Execution Speed: Fast execution under 46 milliseconds.
• Trading Instruments: Over 100 instruments, covering multiple asset classes.
• Commissions: Zero commission on stocks, metals, and indices.
• Trading Platforms: MT4 and MT5.

Pros:

• The maximum leverage is as high as 1:2000 ( Leverage may vary based on account types and tradable asset types) 
• Allow Crypto CFD Trading 
• The maximum lot size is as high as 1000 lot 
• Raw spread starting from as low as 0.0 pips 
• Offers MT4, and MT5  trading platforms (Desktop, Web, mobile version) 
• Demo Accounts are Available 
• Higher Leverage for US, and EU clients. 
• Allow Scalping, EA Trading, and News Trading 
• Plexytrade Accepts Crypto Deposits

Cons:

• Unregulated offshore forex broker 
• Only Crypto  Deposit and Withdrawal Option 
• A limited number of tradable assets 

2. N1CM

Founded in 2017, N1CM (Number One Capital Markets) is an offshore forex and CFD broker, offering a wide variety of instruments, including forex pairs, commodities, and indices. As an unregulated broker based in Vanuatu, N1CM appeals to traders looking for high leverage and flexibility. With its focus on providing deep liquidity and competitive trading conditions, the broker is ideal for scalpers, day traders, and those using automated trading systems.

N1CM offers leverage of up to 1:1000, giving traders the ability to amplify their market exposure. With raw spreads starting from 0.0 pips and an ultra-low commission structure, N1CM ensures traders have access to tight spreads and low trading costs. The broker supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, known for their robust functionality and ease of use.

Key Features:

• Leverage: Up to 1:1000.
• Spreads: Raw spreads from 0.0 pips.
• Execution Speed: Fast execution with deep liquidity.
• Trading Instruments: Forex, commodities, and indices.
• Commissions: Low ECN commission structure.
• Trading Platforms: MT4 and MT5.

Pros:

• No Minimum Deposit – Starting from $1
• Allow Crypto CFD Trading 
• Offers leverage as high as 1:1000
• The maximum lot size is as high as 1000 lot 
• Low Fees trading: Spreads starting from as low as 0.5 pips 
• Offers MT4 and MT5  trading platforms (Desktop, Web, mobile version) 
• Demo Accounts are Available 
• PAMM/ MAM accounts are offered 
• Higher Leverage for US, and EU clients. 
• Allow Scalping, EA Trading, and News Trading 
• N1CM Accepts Crypto Deposits

Cons:

• Unregulated Offshore Forex Broker 
• Limited Number of tradable assets
• No Passive Investment programme like PAMM, MAM

3. LMFX:

LMFX is an experienced offshore forex/CFD broker that has been operating since 2015 from the Republic of North Macedonia. The broker is known for high leverage and low trading fees. Client funds are held in segregated accounts while standard security procedures have been implemented.

LMFX provides a ‘fixed account’ for traders who prefer to trade fixed spreads. It also has ‘premium accounts’ which have variable spreads and ‘zero accounts’ which feature tight spreads and low commissions per lot traded. Newbies are provided training articles; they can also open demo accounts and participate in the monthly demo contest.

Key Features:

• Leverage: Up to 1:1000.
• Spreads: As low as 1 pips or 4$ Commission depending on the account type.
• Platform: MT4 (available on desktop, web, and mobile).
• Deposit Methods: USD/EUR.
• Instruments: 70+ currency pairs, cryptos, indices, metals, and energies.
• Account Types: Premium,Micro, Fixed, Zero, each with tailored spreads and commissions.

Pros

• The maximum leverage is 1:1000 which is high when compared to competitors.
• Trading tools like the Economic Calendar, trading calculators, and free VPS are available.
• Traders can win up to $1,000 in the monthly demo account content tagged “Learn and earn” contest.
• Accounts can be funded using Cryptos, debit/credit cards, bank transfers, PayRedeem eCards, and e-wallets like Skrill and Neteller.
• New traders are welcomed with a 100% deposit match bonus.

Cons

• No social trading platforms or managed accounts for investors.
• MT4 is the only platform provided for all traders.
• Assets are limited; you cannot trade bonds, ETFs, and crypto CFDs.

4. Xchief:

Founded in 2020, xChief is an online forex and CFD broker. It is an offshore forex broker that offers Forex, Metals, Commodities, Indices CFDs, Crypto CFDs, and Stock CFDs, for your personal investment and trading options. The broker allows all trading styles including scalping, hedging, news trading, etc. The broker also offers passive investment programmes like PAMM, MAM. The maximum leverage of xChief is as high as 1:1000. 

Key Features

• Leverage: Up to 1:1000.
• Spreads: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.3 pips for the DirectFX account, $3 per lot for the xPRIME account.
• Platform: MT4 & MT5 & Mobile
• Deposit Methods: USD, EUR, GBP.
• Instruments: Forex, Metals, Commodities, Indices, CFDs, Stock CFDs
• Account Types: Cent, Classic+, DirectFX, xPRIME each with tailored spreads and commissions.

Pros:

• No Minimum Deposit – You can start trading from as low as $1
• Allow Crypto CFD Trading 
• Demo Accounts are Available 
• The Maximum leverage is as high as 1:1000
• Allow Scalping, EA Trading, and News Trading 
• xChief Accepts Crypto Deposits
• Offers MT4, MT5, Mobile trader, and Webrader trading platform
• Bank Transfer, Crypto Deposits, Binance Pay etc 

Cons:

• Offshore Broker with very limited information
• Limited Deposit and Withdrawal Option 
• Unregulated Forex broker  

5. Fyntura:

Founded in 2023, Fyntura is an offshore forex and CFD broker registered in Seychelles. Though unregulated, the platform has gained popularity due to its high-leverage options and flexibility for various trading styles like scalping, hedging, and automated trading. It offers MetaTrader 4 (MT4) as its sole trading platform, providing clients with a familiar and customizable trading environment.

Fyntura offers three account types—Zero, Pro, and Prime—with varying spreads and commission structures, starting with a low minimum deposit of $10. Traders have access to over 70 forex pairs, five cryptocurrencies, and several indices, metals, and energy CFDs. Fyntura is notable for its fast registration process and its acceptance of cryptocurrency deposits and withdrawals, making it an attractive option for traders seeking flexibility and higher risk tolerance. However, being unregulated presents inherent risks, especially concerning client fund protection​

Key Features:

• Leverage: Up to 1:500.
• Spreads: As low as 0 pips, depending on the account type.
• Platform: MT4 (available on desktop, web, and mobile).
• Deposit Methods: Cryptocurrency only.
• Instruments: 70+ currency pairs, cryptos, indices, metals, and energies.
• Account Types: Zero, Pro, Prime, each with tailored spreads and commissions.

Pros:

• Low Minimum Deposit – Starting from $10
• Allow Crypto CFD Trading 
• Offers leverage as high as 1:500
• The maximum lot size is as high as 1000 lot 
• Low commission trading commission is only $2 per 100K trading. 
• Offers MT4 trading platforms (Desktop, Web, mobile version) 
• Demo Accounts are Available 
• PAMM/ MAM accounts are offered 
• Higher Leverage for US, and EU clients. 
• Allow Scalping, EA Trading, and News Trading 
• Fyntura Accepts Crypto Deposit

Cons:

• Offshore Forex Broker 
• Only Crypto  Deposit and Withdrawal Option 
• Unregulated Forex broker  

Frequently Asked Questions (FAQ)

What is an Offshore forex Broker?

An offshore forex broker is a financial services company registered and licensed in a foreign jurisdiction, typically outside major regulatory regions like the US, UK, or EU. These brokers offer forex trading services to clients globally, often attracting traders with lower trading costs, higher leverage, and fewer regulatory restrictions compared to brokers based in heavily regulated areas. Offshore brokers may operate under different regulatory frameworks, which can provide more flexibility but might also pose risks related to fund safety, transparency, and legal recourse for traders. They are particularly appealing to scalpers, day traders, and those seeking high-leverage

What is MT4 Trading Platform

MT4, or MetaTrader 4, is an electronic trading platform developed by MetaQuotes Software and launched in 2005. It is primarily designed for retail forex trading and is widely used by traders due to its automated trading features via Expert Advisors (EAs), advanced technical analysis tools, and customizable user interface. MT4 supports various financial instruments, including forex, commodities, and indices, making it versatile for both beginner and experienced traders

Do Offshore Forex Brokers Offer MT4 Trading Platforms?

Yes, some offshore forex brokers do offer MT4 trading platforms. However, not all of them provide this option. Recently, many offshore forex brokers have started shifting from MetaTrader 4 to newer platforms like TradeLocker, Pro4, Actrader, or their own custom trading platforms. This means that finding offshore forex brokers that still support MT4 is becoming increasingly difficult.

Based on our research and analysis, the best offshore brokers that support MT4 trading platforms include PlexyTrade, N1CM, and LMFX. These brokers are known for offering high leverage, lower minimum deposits, and faster execution times, making them attractive options for traders. For instance, PlexyTrade provides leverage as high as 2000:1, allowing traders to maximize their positions with a relatively small capital outlay. The minimum deposit required to start trading with PlexyTrade is just $50, making it accessible for new traders. Additionally, orders are executed in less than 45 milliseconds, ensuring that traders can capitalize on market opportunities quickly and efficiently. These features position these brokers as competitive choices for those looking to trade on the MT4 platform in an offshore setting.

Is There Any Offshore Forex Broker That Offers an MT5 Trading Platform to US Clients?

Yes, several offshore forex brokers offer the MT5 (MetaTrader 5) trading platform to US clients. However, not all offshore brokers provide this option. Recently, many have begun transitioning from Metatrader MT4, and MT5 to platforms like TradeLocker, Pro4, Actrader, or their proprietary trading solutions. Consequently, finding offshore brokers that still support MT5 is becoming more challenging.

Based on our research and analysis, the top offshore brokers that support MT5 trading platforms include PlexyTrade, SoliECN, and N1CM. These brokers are recognized for offering competitive trading conditions, such as high leverage, tight spreads, and rapid execution times, making them appealing choices for traders. To learn more about these MT5 brokers, you can read our content on Offshore Forex brokers that Support MT5 Trading Platforms

Bottom Line:

If you are looking for offshore forex brokers that support MT4 trading platforms, you have several excellent options. These brokers provide a robust trading environment with features that cater to various trading styles and preferences.

Based on our thorough research and analysis, we found several brokers that offer MT4 trading platforms. These brokers include: 

• PlexyTrade: Best Overall Offshore Broker with MT4 Platforms 
• PlexyTrade: Most Trusted Offshore Broker with MT4, MT5, PAMM Account
• N1CM:  Free access to Autochartist™ tools
• LMFX: Best for Non-US Trader: 
• Xchief: Offshore Brokers Service for Over 10 Years
• Fyntura:  Offshore Broker with Deep Liquidity 

These brokers stand out for offering high leverage, competitive spreads, and fast execution speeds.

For example, PlexyTrade offers leverage of up to 2000:1, allowing traders to maximize their positions with minimal capital investment. Additionally, they have a low minimum deposit requirement of just $50, making it accessible for new traders. N1CM and LMFX also provide appealing trading conditions, including tight spreads and rapid order execution.

While trading with these offshore brokers can be advantageous, it is important to be aware of the higher risks associated with unregulated brokers compared to those regulated in the US. Always ensure you are comfortable with the risks before proceeding with offshore trading.