8 Best Forex Brokers in North Korea
The 8 Best Forex Brokers in North Korea – Rated and Reviewed. We have listed the best Forex Brokers accepting North Korean traders,
In this in-depth guide you will learn:
- The Best Forex Brokers in North Korea – a List.
- Best Forex Brokers For Trading With North Korean Won
- Best Asian Forex Brokers
- The Best Forex Trading Platforms for Beginners
- Is Forex Trading legal in North Korea?
and much, MUCH more!
8 Best Forex Brokers in North Korea – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Korean Traders | 💴 Min. Deposit |
| 🥇 CMC Markets | 👉 Click Here | ✅Yes | None |
| 🥈 Tickmill | 👉 Click Here | ✅Yes | 100 USD |
| 🥉 FP Markets | 👉 Click Here | ✅Yes | AU$100 |
| 🏅 IC Markets | 👉 Click Here | ✅Yes | 200 USD |
| 🎖️ Moneta Markets | 👉 Click Here | ✅Yes | 50 USD |
| 🥇 FXTM | 👉 Click Here | ✅Yes | 10 USD |
| 🥈 BDSwiss | 👉 Click Here | ✅Yes | 10 USD |
| 🥉 IG | 👉 Click Here | ✅Yes | 50 USD |
8 Best Forex Brokers in North Korea (2024)
- ☑️ CMC Markets – Overall, the Best Forex Broker in Korea.
- ☑️ Tickmill – Low ₩ Minimum Deposit.
- ☑️ FP Markets – High Korean Trust Score.
- ☑️ IC Markets – Low Forex Commissions and tight spreads.
- ☑️ Moneta Markets – Seamless deposit and withdrawal.
- ☑️ FXTM – Best Forex Broker for Beginners.
- ☑️ BDSwiss – Best Forex Broker for Professionals.
- ☑️ IG – Feature-rich and Customizable Proprietary Platform.
CMC Markets
CMC Markets is a well-regarded Forex Broker, monitored by numerous Tier-1 agencies. BaFin, FCA, ASIC, MAS, FMA, IIROC, and, DFSA regulate it. Trading Platforms offered are MetaTrader 4, Next Generation, and CMC Markets App.
Moreover, Account types include CFD, Spread Betting, and, Corporate. A Minimum deposit is not required.
| 🔎 Broker | 🥇 CMC Markets |
| 💴 Minimum Deposit | 0 USD |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Next Generation platform | High Fees |
Our Insights
CMC Markets suites all Brokers. Beginners will benefit from a variety of instructional articles and a demo account.
Tickmill
Tickmill is a prominent Forex and CFD broker that adheres to strict regulatory standards. Spreads from 0.0 pips are offered on the Pro and VIP Accounts. Trading Platforms are MetaTrader 4, MetaTrader 5, and, the Tickmill App.
The minimum deposit is 100 USD.
| 🔎 Broker | 🥇 Tickmill |
| 💴 Minimum Deposit | $100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips on the Pro and VIP Accounts |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | 62, major, minor, and exotic pairs |
| 📊 Scalping | ✅Yes |
| 💹 Hedging | ✅Yes |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| MetaTrader 4 and MetaTrader 5 | Limited range of instruments |
| Pro account with minimal commissions | Limited Trading Platforms |
Our Insights
Beginners will benefit from multiple accounts and trading platforms. However, Customer Support is only offered 24/5.
FP Markets
FP Markets is a trustworthy, highly regulated Forex Broker. ASIC, CySEC, FSCA, FSA, and, the FSC regulate it. It provides over 10,000 trading products, including Forex, indices, commodities, and, stocks
The minimum deposit is AU$100.
| 🔎 Broker | 🥇 FP Markets |
| 💴 Minimum Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| FP Markets is regulated in several regions | There are limited instruments offered |
| MetaTrader, cTrader, and IRESS are available | research tools are not extensive |
| Tight Spreads | Withdrawal fees apply |
| There are low forex fees | No sign-up or no-deposit bonus |
Our Insights
FP Markets suite all traders. Moreover, it provides 24/7 Customer Support.
IC Markets
IC Markets is a powerful Forex and CFD broker regulated by ASIC, CySEC, FSA, and, the SCB. It provides an extensive range of financial instruments including forex, commodities, indices, and, bonds.
The Minimum deposit is 200 USD.
| 🔎 Broker | 🥇 IC Markets |
| 📌 Year Founded | 2007 |
| 👤 Amount of Active Traders | Over 1 million |
| 📍 Publicly Traded | None |
| 🛡️ Regulation | FSA (Seychelles) |
| 🌎 Country of Regulation | Seychelles |
| 🔃 Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| 🧾 Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | Major and Minor |
| 💶 Minimum Deposit | 200 USD |
| ⚡ Average Deposit/Withdrawal Processing Time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | Generally no fee |
| 🔖 Spreads From | From 0.0 pips |
| 💷 Commissions | Variable |
| 🪙 Number of Base Currencies Supported | 10+ |
| 💳 Swap Fees | ✅Yes |
| 🏷️ Leverage | Up to 1:500 |
| 🖇️ Margin Requirements | Varies |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| 🖥️ Order Execution Time | Milliseconds |
| 💻 VPS Hosting | ✅Yes |
| 📈 CFDs Total Offered | Extensive Range |
| 📉 CFD Stock Indices | Major global indices |
| 🍎 CFD Commodities | Oil, gold, etc. |
| 📊 CFD Shares | Major global stocks |
| 💴 Deposit Options | Bank transfer, credit/debit, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit, e-wallets |
| 🖥️ Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| 💻 OS Compatibility | Windows, macOS, iOS, Android |
| 🖱️ Forex Trading Tools | Advanced charting tools, etc. |
| 🥰 Live Chat Availability | ✅Yes |
| ☎️ Customer Support Contact Number | Varies by region |
| 💙 Social Media Platforms | Twitter, Facebook, LinkedIn, |
| 😎 Languages Supported | Multiple Languages |
| ✏️ Forex Course | ✅Yes |
| 📔 Webinars | ✅Yes |
| 📚 Educational Resources | ✅Yes |
| 🤝 Affiliate Program | ✅Yes |
| 🫶 Amount of Partners | Numerous global partners |
| 🫰🏻 IB Program | ✅Yes |
| ↪️ Do They Sponsor Any Notable Events or Teams | ✅Yes |
| ⭐ Rebate Program | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
Beginners will benefit from Social Trading via ZuluTrade and IC Social. Moreover, Professionals can select Signal Start. A sophisticated trading system that automates the sourcing of signals. However, the minimum deposit is high.
Moneta Markets
Moneta Markets is a trusted and well-regulated Forex Broker. It provides access to over 1,000 assets. Moreover, copy and mobile trading are provided.
The minimum deposit is 50 USD.
| 🔎 Broker | 🥇 Moneta Markets |
| 📈 Established Year | 2019 |
| 📉 Regulation and Licenses | FSCA, FSA Seychelles, CIMA, ASIC |
| 📊 Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, CopyTrader App |
| 📌 Account Types | Direct STP, Prime ECN, Ultra ECN |
| 💴 Base Currencies | AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD, BRL |
| 📍 Spreads | From 0.0 pips |
| 💹 Leverage | 1:1000 |
| 💵 Currency Pairs | 44; major, minor, and exotic pairs |
| 💶 Minimum Deposit | 50 USD |
| 💷 Inactivity Fee | None |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| 1,000+ tradable assets, including forex | Some account types may have volume constraints |
| Multilingual support | Limited Education |
| Tight Spreads | No Negative Balance Protection |
| No deposit or withdrawal fees | Inconsistencies reported in customer support quality. |
| Strong Regulation | Limited Product Range |
| MetaTrader 4 and 5 | Limited Account Types |
Our Insights
Moneta Markets suit all traders. Beginners will benefit from multilingual customer support.
FXTM
FXTM is licensed and regulated by respectable financial regulators, including CySEC and the FCA. Moreover, it provides a complete mobile trading experience via the FXTM Trader App.
The minimum deposit is 10 USD.
| 🔎 Broker | 🥇 FXTM |
| 💴 Minimum Deposit | 10 USD |
| 💵 Inactivity Fee | $5 after 6 months of inactivity |
| 🎁 Bonuses | Referral bonus |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 📌 Account Types | Micro, Advantage, Advantage Plus |
| 💷 Base Currencies | USD, EUR, GBP, NGN |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Micro Account for Beginners | Inactivity Fee |
| Dedicated customer support teams | Fees apply to most withdrawal methods |
Our Insights
FXTM suits all traders. However, Beginners will benefit from the Micro and Demo Accounts.
BDSwiss
BDSwiss is a trustworthy and highly regulated Forex Broker. Accounts include Cent, Classic, VIP, Zero Spread, Islamic, and Demo. Proprietary Platforms include BDSwiss Web and BDSwiss Mobile.
The minimum deposit is 10 USD.
| 🔎 Broker | 🥇 BDSwiss |
| 📈 Regulation | CySEC, FSC, FSA, BaFin, Mwali International Services Authority |
| 📉 Trading Platforms | MetaTrader 4, MetaTrader 5, BDSwiss Web, BDSwiss Mobile |
| 💴 Minimum Deposit | 10 USD |
| ⏰ Support Hours | 24/5 |
| ⚙️ Account Types | Cent, Classic, VIP, Zero Spread, Islamic, Demo |
| 🆓 Demo Account | ✅Yes |
| ☪️ Islamic Account | ✅Yes |
| 📊 Leverage | 1:2000 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| BDSwiss offers an impressive number of markets that can be traded | There is an inactivity fee applied to dormant accounts |
| There are account levels for all types of traders | The spreads on popular accounts are wide, starting from 1.5 pips |
| BDSwiss is a highly reputable, award-winning broker regulated globally | Commission fees apply to all account types |
Our Insights
BDSwiss suits all traders. Beginners will benefit from the Cent, Classic, and, Demo Accounts. Moreover, the minimum deposit is low.
IG
IG is a Trusted Forex Broker with over 45 Years of experience. 13 Regulators govern and license IG. Moreover, 7 Account types are available.
The minimum deposit is 50 USD.
| 🔎 Broker | 🥇 IG |
| 📌 Year Founded | 1974 |
| 👤 Amount of Staff | 2,000+ |
| 👥 Amount of Active Traders | 300,000+ |
| 📍 Publicly Traded | ✅Yes |
| 🛡️Regulation | FCA, ASIC, CFTC, NFA, BaFin |
| 🌎 Country of Regulation | UK, Australia, US, Germany |
| ↪️ Account Segregation | ✅Yes |
| 🚨 Negative Balance Protection | ✅Yes |
| ⭐ Investor Protection Schemes | ✅Yes |
| 🅰️ Institutional Accounts | ✅Yes |
| 🅱️ Managed Accounts | None |
| 💴 Minor Account Currencies | USD, EUR, GBP |
| 💶 Minimum Deposit | $250 |
| ⏰ Average Deposit/Withdrawal Processing Time | 1-3 business days |
| 💷 Fund Withdrawal Fee | None |
| 📈 Spreads from | 0.6 pips |
| 📉 Commissions | None |
| 💰 Number of Base Currencies Supported | 5 |
| 📊 Swap Fees | Applicable |
| ⚙️ Leverage | Up to 1:30 (Retail) |
| 🔖 Margin Requirements | Varies by asset |
| ☪️ Islamic Account | ✅Yes |
| 🆓 Demo Account | ✅Yes |
| ⏲️ Order Execution Time | 0.1 seconds |
| 🖱️ VPS Hosting | ✅Yes |
| ✔️CFDs Total | 17,000+ |
| 📌 CFD Stock Indices | 80+ |
| 🍎 CFD Commodities | 30+ |
| 📍 CFD Shares | 12,000+ |
| 💴 Deposit Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 💶 Withdrawal Options | Bank Transfer, Credit/Debit Cards, PayPal, Skrill |
| 🖥️ Trading Platforms | MetaTrader 4, ProRealTime, L2 Dealer, IG Trading Platform |
| 💻 OS Compatibility | Windows, MacOS, Android, iOS |
| 📐 Forex Trading Tools | Economic calendar, Autochartist, Trading signals |
| 🥰 Live Chat Availability | ✅Yes |
| 💌 Customer Support Email | ✅Yes |
| ☎️ Customer Support Contact Number | ✅Yes |
| 💙 Social Media Platforms | Facebook, Twitter, LinkedIn |
| ✏️ Languages Supported | Multiple languages |
| 📔 Forex Course | ✅Yes |
| 📚 Webinars | ✅Yes |
| 📒 Educational Resources | Articles, Videos, Tutorials |
| 📑 Affiliate Program | ✅Yes |
| 🗃️ Amount of Partners | Not specified |
| 🗄️ IB Program | ✅Yes |
| 📇 Notable Events or Teams | ✅Yes |
| 🪙 Rebate Program | ✅Yes |
| 💴 Cent or Micro Accounts | None |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Access to over 17,000 instruments across markets | Limitations on customer support hours |
| Investing opportunities for high-volume traders | Inactivity fees apply |
| Several advanced Trading platforms | IG is not available in all regions |
Our Insights
IG best suits Professionals. It provides a wide range of trading platforms and account types.
Can you trade the Korean Won in Forex?
The Korean Won is fully convertible. It is frequently traded against other global currencies, including the Japanese yen (JPY), the Euro (EUR), and the U.S. dollar (USD).
In Conclusion
Multiple Globally Regulated Forex Brokers accept local North Korean investors.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTC | USD 100 | Visit Broker |
| 🥉 |  | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | ASIC, FCA, CySEC, SCB | USD 100 | Visit Broker |
| 6 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
Our Insights
Trading Forex is Legal in North Korea. Moreover, it falls under strict regulation of the North Korean government.
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Faq
CMC Markets is regulated by top-tier agencies such as the Financial Conduct Authority (FCA) in the United Kingdom.
FP Markets provides excellent 24/7 customer support.
The minimum deposit for IC Markets is 200 USD.
MetaTrader 4, MetaTrader 5, and, ProTrader.
FXTM provides the FXTM Trader app.
Zurich, Switzerland
IG offers traders access to over 17,000 markets
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