These Brokers are not in our Top List, but they are still an option for Traders looking to trade anonimously. SimpleFx is a Forex Broker that offers deposits with Fiat Currencies and Cryptos. When you deposit with Fiat Currencies you have to verify your indentity.

On the other hand when you deposit with cryptos Bitcoin mostly there is no KYC Verification. io is a new forex trading broker established on , that offers no KYC Tading account and MT5 platform to trade. In XBTFX. io you can deposit using Cryptos such as Bitcoin, Ethereum or Stablecoins such as USDT.

However if you deposit with stablecoins, XBTFX asks for verification! io and trade anonymoysly. PrimeBit is a P2P Cryptocurrency Trading Platform, where users can buy and sell BTC, ETH, and LTC perpetual contracts with an up to leverage. Sing up process is easy and anonymous. Just use your email and a password to register a BTC or USDT trading account. Home Forex Brokers Regulation Currency Pairs Commodities CFD Shares.

Until we met Cambridge Analytica…. And here is the true fact: Wherever you provide your personal sensitive data, learn that they are not protected anymore…. PrimeXBT Review Update Anonymous Trading Accounts No KYC High variety of widgets, great user experience 4-level referral system Brilliant charting software for comprehensive technical analysis Low commissions, tight spreads High Leverage Up to Easy to use, even for a newbie. Stay Anonymous. Prime XBT is an modern bitcoin trading platform with high leverage.

Anonymous trading, No KYC required , no personal data shared!!! Evolve Markets Reliable Review. Anonymous Trading. Evolve Markets is trustworthy Bitcoin Forex Broker. Trade Forex, CFD Shares and Crypros High leverage, higher trading instincts!!! BaseFEX Review Update No KYC Required. Bybit Crypto Derivatives Exchange. No KYC Trading. SimpleFx Review Update Offshore Forex Broker Not Regulated Anonymous Trading via Bitcoin Up to 10 Demo Accounts High Leverage up to Secure Storage For Bitcoins No minimum deposit no commissions, low spreads.

io Review KYC is not necessarily a bad thing and it may even be necessary in some cases. But the truth is that many people find KYC very intrusive. In some countries, repressive governments have used it as a tool for hounding political opponents.

Other countries prohibit foreign currency trading for reasons best known to them. The majority of people who trade are people who want just to earn an additional income.

So there is really an argument for those who want to trade to be able to do so without intrusive KYC procedures. In some countries, banks have been instructed to institute KYC requirements for those with a certain degree of transactional volumes on their accounts while excluding those below the threshold from these requirements.

If this can be implemented in some jurisdictions, it should be possible to locate no-KYC forex brokers. No-KYC forex brokers are brokers that offer the opportunity to trade FX and other CFD assets without requiring KYC verification or documentation from their clients.

They can do this because they offer a payment channel that does not involve traditional banking institutions; cryptocurrencies. Trading with no-KYC forex brokers allows for more anonymous trading of FX and CFD assets. In addition, traders living in countries with restrictions on FX trading or whose accounts are vulnerable to government-driven restrictions that border on citizen oppression and not a legal interruption of illicit fund flows will benefit from no-KYC forex brokers.

If you are also opposed to giving away sensitive financial or personal information, then a no-KYC forex broker should be your choice. The international passport is the gold standard for documentation used to prove an individual's identity. It is a government-issued document and therefore is regarded as sacrosanct proof that traders are who they say they are. Some brokers would request a driver's license or a national ID document. Since this is not a universally accepted document, the international passport is the widely accepted proof of identity.

Proof of address is a document showing that you live in a registered location. Documents accepted here are utility bills phone, electricity, and water bills , bank statements and credit card statements.

These used to be the only KYC requirement brokers. These have put additional strain on traders, some of whom have had active trading accounts suspended and funds frozen for not promptly providing these documents.

Some countries have been classified as "high-risk" in terms of illicit financial flows using nebulous criteria. Some countries have become international pariahs because of sanctions regimes that smack of double standards.

Traders from such regions find themselves fighting institutionalized discrimination. For instance, card transactions from some countries are allowed but blocked in others. Traders from some countries can deposit freely with credit cards, but others cannot. Defunct Alpari UK had a discriminatory policy where traders from its internationally generated list of "high-risk" countries were required to submit notarized ID documents.

In contrast, traders from countries outside this list could submit the documents without notarization. Some of the familiar e-wallet companies are part of this web of geographical profiling. Many of them have shocking discriminatory practices. Traders have had their funds seized for no just cause.

Then there is also the matter of data leaks. Many big tech companies that typically boast about having the latest cybersecurity protection have been subject to data leaks, some of them willingly done. Remember the Facebook and the Cambridge Analytica scandal? Such institutionalized discrimination in a world that should function as principles of equal rights and access for all has led to calls for the abolition of the current KYC system.

The advent of distributed ledger technology and the development of cryptocurrency tokens as a new payment system that bypasses the conventional financial system has led to a new generation of FX brokers known as no-KYC forex brokers. All Forex Brokers CFD Forex Brokers Binary Options Brokers Social Trading Brokers Crypto Forex Brokers Commodity Forex Brokers Stock Forex Brokers Brokers for EU traders Brokers for US traders Brokers for CA traders Regulated Forex Brokers Offshore Forex Brokers ECN Forex Brokers DMA Forex Brokers ASIC Forex Brokers FCA Forex Brokers PAMM Forex Brokers Copy Trading Brokers High Leverage Brokers Low Spread Brokers No KYC Forex Brokers Unlisted Forex Brokers.

Location Dominica. Saint Vincent and the Grenadines. Cayman Islands. Marshall Islands. Platforms Web. MetaTrader 4. MetaTrader 5. Binary Platform. FIX API protocol. Instruments Currencies.

You can trade forex without documents if you trade with an unregulated offshore broker. This does come with huge risk as these brokers are easily able to manipulate prices and provide a subpar trading experience. That being said, plenty of people — and more each day — have already gone down this road and are happily and successfully trading Forex without any documents and without any verification.

Identification documents that verify where you live and where your regulatory bodies should be located. Some of these documents and verification details are going to be requested to meet specific regulatory rules and regulations.

Other documents and verification details, though, are requested by the broker specifically to protect them later down the line should something go sideways with your account.

Offshore brokers can describe any brokers that are operating outside of your local regulatory bodies. Sometimes this means working with European brokers when you live in the United States. Sometimes it means working with Asian brokers when you live in Europe.

At the end of the day, any broker outside of your sphere of influence for local regulatory bodies could be considered offshore brokers.

First of all, you need to confirm that the offshore and unregulated brokers your considering working with are going to offer you a legitimate Forex experience.

A lot of the pain, a lot of the stress, and a lot of the anxiety of dealing with less than reputable nontraditional Forex brokers can be avoided simply by doing a little bit of research and a little due diligence. Pay attention to every update to privacy policies, terms of use, and any other agreements you have had to green light before you joined up for unregulated operations.

Finally, anytime you provide a financial organization with personal information, Social Security information, and bank account information you run the risk of those details becoming compromised — and your life getting a lot more frustrating. You have to — absolutely MUST — only ever work with legitimate and reputable Forex broker operations, whether they are regulated or unregulated. Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.

As the forex prop firm industry has grown, so has the amount of prop firms offering funding for traders. With forex brokers reducing leverage and the industry getting more regulated, trading your Are They Safe? The Dangers of Trading Forex without Documents Manipulated Spreads Rule Changes on the Fly Challenging Recourse Trouble with Banking In Conclusion — How Can I Trade Forex Without Documents?

Continue Reading.

Third-party organizations are set up to regulate the forex brokers by providing strict laws that forex brokers adhere to. Failure to meet these requirements may occur to Deposit and Withdrawls problems. And here is the true fact: Wherever you provide your personal sensitive data, learn that they are not protected anymore…. Hugosway has no KYC policy, so forex traders who register on its platform input their names, and email addresses and set the password. AvaTrade Account [BVI] Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and Disadvantages of no-KYC Forex Brokers Disadvantages include: Technically not available for US traders, although VPN programs can be used to overcome this hurdle.

Categories:

• Binary Options
• Forex Brokers
• Binary Options online
• Forex Bitcoin
• Forex