8 Best Forex Brokers in Taiwan
The 8 Best Forex Brokers in Taiwan – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Taiwan.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Taiwan – a List
- Is Forex Trading Legal in Taiwan?
- The Best Forex Brokers for Beginners and Foreigners
- Low TWD (NT$) Deposit Forex Brokers
- The Best MT4, MT5, and, cTrader Forex Brokers
and much, MUCH more!
8 Best Forex Brokers in Taiwan – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Local Traders | 💶 Min. Deposit (TWD) |
| 🥇 Saxo | 👉 Click Here | ✅Yes | None |
| 🥈 Pepperstone | 👉 Click Here | ✅Yes | NT$ 4295,91 |
| 🥉 Vantage | 👉 Click Here | ✅Yes | NT$ 1618,90 |
| 🏅 Moneta Markets | 👉 Click Here | ✅Yes | NT$ 1618,90 |
| 🎖️ IC Markets | 👉 Click Here | ✅Yes | NT$ 6475,60 |
| 🥇 Tickmill | 👉 Click Here | ✅Yes | NT$ 3237,80 |
| 🥈 CMC Markets | 👉 Click Here | ✅Yes | None |
| 🥉 FP Markets | 👉 Click Here | ✅Yes | NT$ 2147,96 |
8 Best Forex Brokers in Taiwan (2024)
- ☑️ Saxo – Overall, the Best Forex Broker in Taiwan
- ☑️ Pepperstone – The Best Overall Offering
- ☑️ Vantage – The Best Forex Broker for Beginners
- ☑️ Moneta Markets – Best Online Trading Experience
- ☑️ IC Markets – The Best MetaTrader 4 Forex Broker
- ☑️ Tickmill – Best Mobile Trading Experience
- ☑️ CMC Markets – High User Trust Score
- ☑️ FP Markets – The Best MetaTrader 5 Forex Broker
SAXO
SAXO, or, SAXO Bank is amongst the highest regulated Forex, CFD, and, Global Finacial Service Providers. It is licensed and regulated by 14 Tier-1 Entities. Account options available are:
- Classic Account – Best Suited to Beginners and Casual Traders
- Platinum Account – Ideal for Experienced and Professional Traders
- VIP- Exclusive Access to Professional and Institutional Traders
Supported Trading Platforms include SaxoTraderGO and SaxoTraderPro. In addition, Notable Factors and Features include:
- 18 Base Currencies
- No Inactivity Fee is Charged
- 24/5 Customer Support
- Spreads from 0.4 Pips
- Leverage of up to 1:30
- Access to over 180 Currency Pairs
Trading instruments and Products include Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, and, mutual funds.
| 🔎 Broker | 🥇 Saxo Bank |
| 📌 Year Founded | 1992 |
| 👤 Amount of staff | Approximately 2,000 |
| 👥 Amount of active traders | Over 800,000 |
| 📍 Publicly Traded | ✅Yes |
| ⭐ Regulation and Security | Very High |
| 🛡️ Regulation | FSA FCA |
| 📈 Account Segregation | ✅Yes |
| 📉 Negative balance protection | ✅Yes |
| 📊 Investor Protection Schemes | ✅Yes |
| 💹 Account Types and Features | SaxoTraderGO, SaxoTraderPRO |
| 🅰️ Institutional Accounts | Available |
| 🅱️ Managed Accounts | Available |
| 💴 Minor account currencies | ✅Yes |
| 💶 Minimum Deposit | Varies by account type and region |
| ⏰ Avg. deposit processing time | Typically 1-2 business days |
| ⏱️ Avg. Withdrawal processing time | Typically 1-2 business days |
| 💵 Fund Withdrawal Fee | No standard fee, may vary depending on method |
| 💷 Spreads from | 0.4 pips (varies by instrument and market conditions) |
| 💳 Commissions | Variable, depending on account type and trading volume |
| 💸 Number of base currencies | Over 40 |
| 💲 Swap Fees | Varies depending on account type and instrument |
| ▶️ Leverage | Up to 1:200 (varies by asset class and jurisdiction) |
| ⏹️ Margin requirements | Varies by asset class |
| ☪️ Islamic account | Available |
| 🆓 Demo Account | ✅Yes |
| ⌚ Order Execution Time | Typically milliseconds to seconds |
| 🖥️ VPS Hosting | Available |
| 📊 CFDs Total Offered | Thousands |
| 📉 CFD Stock Indices | ✅Yes |
| 🍎 CFD Commodities | ✅Yes |
| 📈 CFD Shares | ✅Yes |
| 💴 Deposit Options | Bank transfer, credit/debit cards, e-wallets |
| 💶 Withdrawal Options | Bank transfer, credit/debit cards, e-wallets |
| 💻 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 🖱️ OS Compatibility | Windows, macOS, iOS, Android |
| ⚙️ Forex trading tools | Advanced charting, research tools, trading signals |
| 🥰 Customer Support | Very Responsive |
| 🗯️ Live chat | ✅Yes |
| 💌 Support Email | Varies by Region |
| ☎️ Support Contact | Varies by Region |
| 🐦 Social media | Facebook, Twitter, |
| 🔖 Languages | Multiple languages including English, Danish, German, etc. |
| 🏷️ Forex course | ✅Yes |
| ✏️ Webinars | ✅Yes |
| 📔 Educational Resources | Yes (includes articles, videos, and courses) |
| 🫰🏻 Affiliate program | ✅Yes |
| 🫶 Amount of partners | Numerous |
| 🤝 IB Program | ✅Yes |
| 🌟 Sponsor notable events/teams | Various |
| 💰 Rebate program | ✅Yes |
| 😊 Suited to Beginners | ✅Yes |
| 😎 Suited to Professionals | ✅Yes |
| ♒ Suited to Active Traders | ✅Yes |
| 💡 Suited to Scalpers | ✅Yes |
| 🌞 Suited to Day Traders | ✅Yes |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Instructional resources | High Fees when Compared |
| Multiple Trading Platforms | Futures and options - complicated cost structures |
Our Insights
The benefits of trading with SAXO include access to over 71,000 financial instruments across various asset classes.
Pepperstone
Pepperstone is a trustworthy and highly regulated Forex and CFD Broker. Regulations include ASIC, BaFin, CMA, CySEC, DFSA, FCA, and, the SCB. Account Options include:
- Standard Account – Suitable to all Traders of all Skill Levels
- Razor Account – Best Suited to Scalpers, Day Traders, and, Automatic Traders
Moreover, Islamic and Demo Trading are supported. The minimum deposit is AU$ 200. Supported Trading Platforms include TradingView, MetaTrader 4, MetaTrader 5, cTrader, and, Capitalise.ai. Notable Factors and Features include:
- Spreads from 0.0 Pips
- Leverage of up to 1:500
- 24/7 Customer Support
- USD and GBP Base Currencies
- Access to over 70 Currency Pairs
- TradingView Integration
Trading instruments and Products include Forex, commodities, indices, currency indices, cryptocurrencies, shares, and, ETFs.
| 🔎 Broker | 🥇 Pepperstone |
| 💴 Minimum Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic Trading Platforms |
Our Insights
The benefits of trading with Pepperstone include access to responsive, user-friendly, and, dedicated Customer Support.
Vantage
Vantage, previously known as Vantage FX and Vantage Markets, is a trusted Brokerage with a trust score of 89 out of 90. Regulations by acclaimed and trusted agencies include CIMA, VFSC, FSCA, and, ASIC. In addition, Notable Factors and Features include:
- Refer a Friend Bonus
- Copy and Social Trading
- Multiple Base Currencies, including USD and AUD
- Spreads from 0.0 Pips
- Leverage of up to 1:500
Account Options and Trading Platforms include:
- Standard STP, Raw ECN, Pro ECN, and, Demo Accounts
- MetaTrader 4 and MetaTrader 5
- ProTrader
- Vantage Mobile App
- Vantage Copy Trading
- ZuluTrade
- DupliTrade
- MyFXBook Autotrader
Several Funding Options are available, including Credit Cards, Debit Cards, China UnionPay, Neteller, and, Skrill. Trading instruments and Products include Forex, indices, metals, soft commodities, energies, ETFs, share CFDs, bonds, and, crypto CFDs.
| 🔍 Broker | 🥇 Vantage Markets |
| 💵 Minimum Deposit | 50 USD |
| 4️⃣ Ease of use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Vantage Markets provides narrow spreads on its ECN accounts, which could lower trading expenses | Some payment methods, notably international bank transfers, might incur withdrawal fees |
| Their technology is designed to provide fast transaction execution while minimizing slippage in turbulent markets | Some services and product offers may be restricted based on your location due to legislative limits |
| Traders can use webinars, market analysis, and other instructional resources | Share CFD trading expenses on Vantage Markets could be higher than those of certain rivals |
Our Insights
The benefits of trading with Vantage include narrow spreads on the ECN account options.
Moneta Markets
Moneta Markets is a popular Forex and CFD Brokerage. Regulations by renowned and trusted agencies include the FSCA, FSA Seychelles, CIMA, and, ASIC. Account Options include:
- Direct STP Account – Ideal for beginners and casual traders
- Prime ECN Account – Ideal for experienced traders
- Ultra ECN Account – Ideal for scalpers and professional traders
In addition, a Demo Account is available. Supported Trading Platforms include PRO Trader, App Trader, MetaTrader 4, MetaTrader 5, and, CopyTrader. Moreover, notable factors and features include:
- 10 Base Currencies, including SGD and HKD.
- Spreads from 0.0 Pips
- Leverage of up to 1:1000
- Access to Over 40 Currency Pairs
- No Inactivity Fee is Charged
Additionally, trading instruments and Products include Forex, Commodities, Indices, Shares, ETFs, Bonds, and, Cryptocurrencies.
| 🔎 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 |
| 🔊 Website Languages | English, French, German, Spanish, Vietnamese, Thai, Russian, Arabic, Portuguese, Chinese, etc. |
| 🪙 Fees and Commissions | Spreads from 0.0 pips, commissions from $6 round turn |
| 🤝 Affiliate Program | ✅Yes |
| ❎ Banned Countries | United States, Canada, Hong Kong |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📐 Trading Instruments | Forex, commodities, indices, shares, ETFs, bonds, cryptocurrencies |
| 🚀 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
The benefits of trading with Moneta Markets include access to more than 1,000 tradable assets and Multilingual support. Moreover, Competitive spreads are offered.
IC Markets
IC Markets is a globally recognized Forex and CFD Broker licensed and regulated by ASIC, CySEC, FSA, and, the SCB. Moreover, account options available include:
- cTrader Account – Only available on the cTrader Platform
- Raw Spread Account – Ideal for Scalpers, Day traders, and, Active traders
- Standard Account – Ideal for Beginners and Casual traders
In addition, supported Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, and, ZuluTrade. Furthermore, Notable Factors and Features include:
- 24/7 Multilingual Customer Support
- Copy and Social Trading via Multiple Platforms
- Multiple Base Currencies, including AUD, USD, and, JPY
- Over 60 Currency Pairs
- Spreads from 0.0 Pips
- Scalping and Hedging are Offered
- The Standard Account is Commission Free
Trading instruments and Products include Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, and, Futures.
| 🔎 Broker | 🥇 IC Markets |
| 💴 Minimum Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 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
The Benefits of Trading with IC Markets include a Demo Account with an extremely high virtual balance.
Tickmill
Tickmill is an established and trusted Forex and CFD Brokerage with a trust score of 83 out of 99. Moreover, licenses and Regulations include the Seychelles FSA, FCA, CySEC, Labuan FSA, and, the FSCA. In addition, Notable Factors and Features include:
- No Inactivity Fee is Charged
- Spreads from 0.0 Pips
- A 30 USD Welcome Account
- Promotions and Contests
- Multiple Base Currencies, including USD, EUR, and, GBP
- Leverage of up to 1:500
Furthermore, account Options and Trading Platforms include:
- VIP, Classic, Pro, Islamic, and, Demo Accounts
- MetaTrader 4 and MetaTrader 5
- A Proprietary Mobile App
Additionally, several Funding Options are available, including Crypto Payments, Skrill, and, Neteller. Trading instruments and Products include Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, and, ETFs.
| 🔎 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
The Benefits of trading with Tickmill include access to several Bonus Offers and a variety of instructional resources, including webinars, seminars, eBooks, and, video lessons.
CMC Markets
CMC Markets is a well-regarded Forex and CFD Entity. Regulations by acclaimed and trusted agencies include BaFin, FCA, ASIC, MAS, FMA, IIROC, and, the DFSA. Accounts available include:
- CFD Account – Available in all Jurisdictions
- Spread Betting Account – Available in the United Kingdom
- Corporate Account – For Institutional Traders Only
Additionally, a Demo Account is available. Supported Trading Platforms include MetaTrader 4 and Next Generation. Moreover, a Proprietary Mobile App is available for download. Notable factors and features include:
- Multiple Base Currencies, including NZD and SEK
- Spreads from 0.3 Pips
- Leverage of up to 1:30
- Access to over 330 Currency Pairs
- No Minimum Deposit is required
Trading instruments and Products include forex, indices, commodities, crypto CFDs, shares, share baskets, treasuries, and, ETFs.
| 🔎 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
The benefits of trading with CMC Markets include Multilingual Customer Support. Languages supported include English, French, German, Italian, Norwegian, Polish, and, Spanish.
FP Markets
FP Markets is a highly trusted Forex Broker regulated in several regions with a trust score of 87 out of 99. License and Regulations include ASIC, CySEC, FSCA, FSA, and, the FSC. Notable Factors and Features include:
- No Inactivity Fee is Charged
- Multilingual Customer Support
- A Commission Fee is Charged
- Multiple Base Currencies, including AUD, CAD, and, GBP
- Spreads from 0.0 Pips and Leverage of up to 1:500
Account Options and Trading Platforms include:
- Standard, Raw, Islamic Standard, Islamic Raw, and, Demo Accounts
- MetaTrader 4 and MetaTrader 5
- IRESS
- cTrader
- A Proprietary Mobile App
Several Funding Options are available, including Neteller, Skrill, Asia Bank, Virtual Pay, and, Credit Cards. Trading instruments and Products include Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, and, Bonds.
| 🔎 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
The benefits of trading with FP Markets include excellent 24/7 multilingual customer support and several impressive trading platforms.
Is Forex Trading Legal in Taiwan?
Forex Trading in Taiwan is legal and permitted without restriction. Moreover, it is governed by the Financial Supervisory Commission.
In Conclusion
The Popularity of Forex Trading in Taiwan has seen a notable rise amongst Young Professionals in the Country. Moreover, it is well-regulated by the Financial Supervisory Commission. In addition, multiple International Forex Brokers accept local traders.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker |
| 🥈 |  | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker |
| 🥉 |  | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker |
| 4 |  | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker |
| 5 |  | Read Review | FSC, FSA, VFSC | USD 10 | Visit Broker |
| 6 |  | Read Review | CySEC, MISA, FSCA | USD 25 | 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
While reviewing the Best Forex Brokers that accept Traders in Taiwan, we found 8 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Faq
Forex Trading in Taiwan is legal and permitted without restriction.
The Financial Supervisory Commission.
The Taiwan New Dollar (TWD).
14 Tier-1 Regulators govern Saxo.
The Pepperstone Minimum Deposit is AU$ 200.
Regulations include CIMA, VFSC, FSCA, and, ASIC.
No Inactivity Fee is Charged.
Scalping and Hedging are supported.
Supported Trading Platforms include MT4, MT5, and, a Proprietary Mobile App.
24/5 Customer Support is available.
The FP Markets minimum deposit is AU$ 100.
| Broker | Website | |
|---|---|---|
| 🥇 |  | Visit Broker |
| 🥈 | | Visit Broker |
| 🥉 | | Visit Broker |
| 4 | | Visit Broker |
| 5 | | Visit Broker |
| 6 | | Visit Broker |
| 7 | | Visit Broker |
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