Singapore Dollar Forex Trading Accounts
5 Best Cent Account Forex Brokers
The 5 best cent account Forex brokers in Taiwan revealed. We have explored and tested several prominent cent account Forex brokers in Taiwan to identify the 5 best. This is a complete guide to the 5 best cent account Forex brokers in Taiwan.
In this in-depth guide, you’ll learn:
What is a cent account?
Who are the 5 best cent account forex brokers for traders in Taiwan?
How do you choose the ultimate cent account Forex broker in Asia?
Who are the best Forex brokers in Taiwan?
How advanced traders can use cent accounts in Taiwan.
And lots more…
So, if you’re ready to go “all in” with 5 best cent account Forex brokers in Taiwan…
Let’s dive right in…
10 Best Forex Brokers in Taiwan
Rank
Broker
Review
Regulators
Min Deposit
Official Site
The 5 Best Cent Account Forex Brokers in Taiwan
| 🔎 Brokers | 👉 Open Account | 🏛️Regulation | ⚖️CBC Regulation? | 💰 Minimum Deposit in TWD | 📇TWD-based Account? | 💵TWD-based Deposits? |
| Exness | 👉 Open Account | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | ❌No | Based on chosen regional deposit method | ✔️ Yes | ✔️ Yes |
| Avatrade | 👉 Open Account | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA | ❌No | 3,128.48 TWD or equivalent to $100 | ❌No | ❌No |
| HFM | 👉 Open Account | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA | ❌No | No minimum deposit requirement | ❌No | ❌No |
| Oanda | 👉 Open Account | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA | ❌No | No minimum deposit requirement | ❌No | ❌No |
| XM | 👉 Open Account | FSCA, IFSC, ASIC, CySEC, DFSA | ❌No | 156.60 TWD or $5 | ❌No | ❌No |
What is a cent account in Forex trading?
A cent account in Forex trading allows investors to trade with smaller capital denominations, typically in cents rather than dollars. This user-friendly option provides an accessible entry point for novice traders in Taiwan, enabling them to engage in the dynamic world of foreign exchange with reduced financial risk.
1. Exness
Overview
Exness offers a cent account designed to provide an accessible Forex trading experience. This account enables investors to trade with smaller amounts denominated in cents, making it ideal for those seeking lower entry barriers.
Exness, a reputable brokerage, stands out for its transparent and user-friendly platform. With competitive spreads, quick order execution, and a range of trading instruments, Exness caters to novice and experienced traders.
Min Deposit
Based on chosen regional deposit method
Regulators
FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
Trading Desk
MetaTrader 4, MetaTrader 5
Exness Terminal, Exness Trade app
Crypto
Yes
Total Pairs
100 and 33 Crypto Currencies
Islamic Account
Yes
Trading Fees
Exness charges spreads and small commissions
Account Activation Time
24 Hours
Exness cent account in Taiwan fosters financial inclusivity and ensures a seamless trading journey within the global currency markets.
Unique Features
| 🔎Feature | ℹ️ Information |
| 🏛️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 📲 Social Media Platforms | Instagram YouTube |
| ⚖️CBC Regulation? | ❌No |
| 💻Trading Accounts | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account |
| 📊Trading Platforms | MetaTrader 4 MetaTrader 5 Exness Terminal Exness Trade app |
| 💰Minimum Deposit in TWD | Based on chosen regional deposit method |
| 🧑💻Trading Assets | Forex Metals Crypto Energies Indices Stocks |
| 📇TWD-based Account? | ✔️ Yes |
| 💵TWD-based Deposits? | ✔️ Yes |
| 💴Bonuses for Taiwanese traders? | ❌No |
| 📈Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| Each trader has the ability to modify leverage in accordance with their individual risk tolerance and trading methodology. | While adherence to regulatory requirements may vary internationally, Exness is subject to inspection at various tiers. |
| Before investing real money, speculators can acquire practical experience with virtual funds through the use of a trial account. | A minority of experienced traders may find that the platform’s features and highly customisable trading tools are inferior to those offered by other specialised platforms. |
| Exness has earned a reputation for communicating its fees, spreads, and trading terms in a transparent manner. | Although customer support representatives are available 24/7, there may be variations in the quality and timeliness of their responses. |
| With Exness, withdrawals and deposits are both complimentary. | Certain traders, in contrast to their competitors, may be dissuaded by the user interface’s prospective sophistication and complexity. |
| Withdrawal and deposit options are available locally. For the MetaTrader platform, Exness provides trading automation tools, including Expert Advisors (EAs) for Taiwanese consumers. | Potential investors seeking a broader range of investment opportunities might be dissuaded from considering Exness due to its singular focus on FX and CFDs. |
| Exness provides authorization for a wide range of account categories that are denominated in TWD. | Furthermore, the significant possibility of utilising leverage may increase the probability of experiencing considerable losses. |
| Diverse platforms and account categories facilitate trading across a multitude of marketplaces. | Notwithstanding the thoroughness of the market analysis and insights provided, a subset of traders might consider them insufficient. |
| Exness facilitates the trading of an extensive variety of assets for its clients, including commodities, FX pairs, indices, and cryptocurrencies. | |
| Through the utilisation of the Exness mobile application, users are provided with access to all trading functions offered by the organisation. | |
| Exness caters to a global clientele by means of its bilingual website and customer service. | |
| System functionality and infrastructure are routinely upgraded. | |
| The platform’s risk management capabilities include the capability to recoup investments and minimise financial losses. |
Our insights
They have a loyalty program for certain Asian countries that is called the Exness Premier program.
2. AvaTrade
Overview
AvaTrade’s cent account offers a tailored gateway into Forex markets with reduced risk. Ideal for beginners, this account allows trading in smaller denominations, enhancing accessibility.
AvaTrade, a globally recognized broker, stands out for its commitment to innovation, security, and a comprehensive educational environment. With competitive spreads and a user-friendly platform, AvaTrade empowers Taiwanese traders to confidently navigate the dynamic Forex landscape.
Min Deposit
5 USD
Regulators
Financial Services Commission of Mauritius
Trading Desk
AvaTradeGO, AvaOptions
AvaSocial,MetaTrader 4
MetaTrader 5,DupliTrade
ZuluTrade
Crypto
Yes
Total Pairs
40+
Islamic Account
Yes
Trading Fees
USD Account Fees: $100
EUR Account Fees: €100
GBP Account Fees: £100
Account Activation
24 hrs
The cent account ensures a seamless introduction to currency trading, aligning with AvaTrade’s mission to provide inclusive financial opportunities to the growing community of traders in Taiwan.
Unique Features
| 🔎Feature | ℹ️ Information |
| 🏛️ Regulation | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 📲 Social Media Platforms | Instagram YouTube |
| ⚖️CBC Regulation? | ❌No |
| 💻Trading Accounts | Retail Account, Professional Account |
| 📊Trading Platforms | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 💰Minimum Deposit in TWD | 3,128.48 TWD or equivalent to $100 |
| 🧑💻Trading Assets | Forex Stocks Commodities Cryptocurrencies Treasuries Bonds Indices Exchange TradedFunds (ETFs) Options Contracts for Difference (CFDs) Precious Metals |
| 📇TWD-based Account? | ❌No |
| 💵TWD-based Deposits? | ❌No |
| 💴Bonuses for Taiwanese traders? | ✔️ Yes |
| 📈Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| AvaTrade provides competitive trading conditions for Taiwanese traders. | Traders who are residents of Taiwan are not authorised to access TWD accounts |
| Demo and Islamic accounts are both viable options. | At this time, variable spreads are not available. |
| Since its inception, AvaTrade has amassed an extensive collection of honours and cultivated a robust standing. | Both professional and retail accounts are available for use. |
| The number of trading products that are accessible on financial markets surpasses 1,250. | Inactivity-based penalties are imposed on accounts that remain dormant. |
| AvaTrade furnishes the essential trading instruments to seasoned traders. | |
| There is a vast selection of sophisticated and distinctive trading systems from which to choose. |
Our insights
Established in 2006, they are a regulated trading platform dedicated to empowering traders of all levels. Their core values of integrity and innovation drive us to prioritize customer satisfaction and provide a wide range of instruments and platforms for a superior trading experience in Taiwan.
3. HFM
Overview
HFM’s cent account, tailored for traders in Taiwan, offers a strategic entry into Forex markets. This account facilitates trading with smaller denominations, minimizing risk for beginners in the dynamic financial landscape.
HFM, a reputable broker globally, is known for its commitment to transparency and innovation. The cent account boasts competitive spreads and swift order execution, ensuring an optimal trading experience for Taiwanese users.
Min Deposit
No minimum deposit requirement
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
With a user-friendly platform and diverse trading instruments, HFM’s cent account is designed to empower and support traders in Taiwan as they navigate and capitalize on opportunities within the international Forex market.
Unique Features
| 🔎Feature | ℹ️ Information |
| 🏛️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 📲 Social Media Platforms | Instagram YouTube LinkedLn |
| ⚖️CBC Regulation? | ❌No |
| 💻Trading Accounts | Micro Account, Premium Account, HFcopy Account, Zero Spread Account, Auto Account |
| 📊Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| 💰Minimum Deposit in TWD | No minimum deposit requirement |
| 🧑💻Trading Assets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 📇TWD-based Account? | ❌No |
| 💵TWD-based Deposits? | ❌No |
| 💴Bonuses for Taiwanese traders? | ✔️ Yes |
| 📈Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
✅Pros ❌Cons
Traders benefit from HFM’s utmost leverage of 1:2000 and safeguards against negative balances. On account of the MT4 and MT5 platforms’ extensive capabilities, novice traders might be required to allocate a substantial duration to the initialization process.
Traders from Taiwan are expected to qualify for zero-pip spreads and favourable commission rates. It is possible that HFM’s incentive and promotion programmes lack the aesthetic allure and usability of those of its rivals.
Traders from Taiwan are able to utilise either MetaTrader 4 or 5, contingent upon the form of account and the device in use. Providing an extensive amount of leverage may entail substantial risk.
Apart from FX, the broker provides an extensive selection of additional financial products. Potential investors who are deterred by the broker’s insistence on utilising compound interest rates (CFDs) and foreign currency are more inclined to consider alternative investment alternatives like stocks and bonds.
HFM provides a wide array of research, instructional, and account categories in order to accommodate the needs of users with different degrees of expertise. The duration of the withdrawal procedure may vary among traders, contingent upon the withdrawal method they choose.
A swap-free account is available to Muslim traders in Taiwan. Notwithstanding the wealth of educational resources offered by HFM, individuals who are entirely uninformed about the subject may perceive the volume of information as overwhelming.
Extended waiting periods may ensue during periods of heightened demand, notwithstanding the expectation of providing exceptional customer service.
Our insights
I believe HFM is a multi-asset regulated and licensed global broker that provides trading services and facilities to retail and institutional clients in different countries.
4. OANDA
Overview
Oanda’s cent account offers seamless entry into Forex markets. Designed to accommodate smaller denominations, it minimizes risk, making it an optimal choice for novice Taiwanese traders.
Oanda, a globally trusted brokerage, stands out for its user-friendly platform and commitment to transparency.
Min Deposit
No Minimum deposit
Regulators
ASIC, CIRO, JFSA, MAS, FCA
Trading Desk
OANDA Trade web-based platform and MT4
Crypto
Yes
Total Pairs
68
Islamic Account
Yes
Trading Fees
$20 per transaction for withdrawals. A 0.5 % mark-up on the midpoint price at the time of conversion
Account Activation Time
24-48 Hours
The cent account features competitive spreads and a comprehensive range of trading instruments, providing Taiwanese users with a robust foundation for navigating the dynamic world of Forex. With Oanda, traders in Taiwan can access a reliable and innovative platform that aligns with their unique financial goals and preferences.
Unique Features
| 🔎Feature | ℹ️ Information |
| 🏛️ Regulation | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 📲 Social Media Platforms | Facebook YouTube LinkedLn |
| ⚖️CBC Regulation? | ❌No |
| 💻Trading Accounts | Standard Account Core Account Swap-Free Account Demo Account |
| 📊Trading Platforms | MetaTrader 4 OANDA Platform TradingView |
| 💰Minimum Deposit in TWD | No minimum deposit requirement |
| 🧑💻Trading Assets | Index CFDs Forex Metals Commodity CFDs Bonds CFDs Precious Metals Real-time Rates |
| 📇TWD-based Account? | ❌No |
| 💵TWD-based Deposits? | ❌No |
| 💴Bonuses for Taiwanese traders? | ✔️ Yes |
| 📈Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| OANDA is an internationally renowned and firmly established foreign exchange broker that inspires confidence and confidence in traders across the globe. | Although OANDA demonstrates exceptional proficiency in the realm of foreign exchange trading, the majority of its product portfolio is devoted to currency pairs. This could potentially restrict the range of choices available to individuals with an interest in alternative asset classifications. |
| OANDA provides novice traders with a cent account, which serves as a notable benefit by permitting them to commence their endeavours with a modest initial investment while effectively mitigating risk. | In the event that an account remains dormant for a significant duration, OANDA may assess inactivity fees. This particular aspect may prove particularly critical for traders who participate in trading activities infrequently. |
| OANDA offers competitive spreads to clients, which may result in increased profitability and improved cost-efficiency. | Differentiating OANDA’s research tools from those of other brokers could potentially discourage certain traders, consequently impeding their ability to conduct thorough market analysis. |
| By virtue of its comprehensive selection of currency pairs, OANDA empowers traders to broaden the spectrum of prospective investments at their disposal and investigate an innumerable array of market prospects. | Although the customer support provided by OANDA is generally regarded favourably, a minority of users have encountered inconsistent treatment, resulting in sporadic delays in response times. |
| The broker offers a sophisticated and user-friendly trading platform that integrates sophisticated charting and analysis tools. | OANDA employs variable spreads, a trading methodology that may result in elevated expenses in times of heightened market volatility. |
| By means of educational resources, webinars, and seminars, OANDA facilitates the expansion of traders’ knowledge. | OANDA generally refrains from providing fixed deposit bonuses, which may pose a disadvantage for traders in search of supplementary incentives. |
| The prompt disclosure of pricing information serves as a clear demonstration of OANDA’s ethical execution policies and transparent operations, for which the company is widely acknowledged. | Potentially disadvantageous for traders seeking exposure to a vast array of crypto assets is OANDA’s relatively limited selection of cryptocurrencies. |
Our insights
In my research, I have found that Oanda has been awarded ‘Broker of the Year 2023’ by the Trading View community and ‘Most Popular Broker’ for three consecutive years: 2020, 2021, and 2022. This gives traders confidence to trade with and through them in all the countries where they operate, especially in Taiwan.
4. XM
Overview
XM’s cent account presents a strategic entry into Forex markets. This account is tailored for smaller denominations, reducing risk for Taiwanese traders, particularly those new to the market. XM, a renowned global broker, is distinguished for its client-centric approach and technological innovation.
The cent account offers competitive spreads, rapid order execution, and a diverse range of trading instruments, empowering traders in Taiwan to navigate the dynamic Forex landscape with confidence.
Min Deposit
5 USD
Regulators
CySEC, Asic, IFSC
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Commission fee only.
Account Activation Time
30 minutes to 24 Hrs
XM’s commitment to transparency and education further makes it an ideal choice for Taiwanese traders seeking a reliable and supportive trading experience.
Unique Features
| 🔎Feature | ℹ️ Information |
| 🏛️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| 📲 Social Media Platforms | Facebook YouTube LinkedLn |
| ⚖️CBC Regulation? | ❌No |
| 💻Trading Accounts | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| 📊Trading Platforms | MetaTrader 4, MetaTrader 5, XM Mobile App |
| 💰Minimum Deposit in TWD | 156.60 TWD or $5 |
| 🧑💻Trading Assets | Forex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares, |
| 📇TWD-based Account? | ❌No |
| 💵TWD-based Deposits? | ❌No |
| 💴Bonuses for Taiwanese traders? | ✔️ Yes |
| 📈Minimum spread | From 0.0 pips |
| 💻 Demo Account | ✔️ Yes |
| ☪️ Islamic Account | ✔️ Yes |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| XM is an internationally renowned foreign exchange broker that grants clients entry to a wide array of trading opportunities and international markets. | Compared to other brokers, XM’s cryptocurrency offerings are more limited, which may restrict the options available to traders interested in a variety of crypto assets. |
| A cent account is provided by XM, enabling traders, particularly novices, to commence with more modest investments while efficiently mitigating risk. | Traders may be subject to inactivity penalties for prolonged periods of inactivity on their accounts, a circumstance that may prove problematic for infrequent traders. |
| XM’s platform provides traders with competitive spreads, which not only improves cost-efficiency but also has the potential to maximise profits. | XM functions using variable spreads, which may become more pronounced for traders during periods of heightened market volatility. |
| XM offers traders a wealth of educational resources, such as seminars and webinars, to assist them in expanding their expertise. | In contrast to certain industry rivals, XM does not consistently provide fixed deposit benefits, potentially impeding traders in search of supplementary incentives. |
| By providing client support in multiple languages, XM facilitates effective communication and aids Taiwanese traders. | A number of traders are perplexed by XM’s fee structure, which varies for various account categories and may cause some users to become confused. |
| XM offers an extensive selection of financial instruments, such as indices, cryptocurrencies, commodities, and Forex, enabling clients to construct diversified trading portfolios. | The ability of XM to enforce leverage restrictions could have repercussions for traders whose strategies favour higher leverage ratios, contingent upon the regulatory environment. |
Our insights
In my opinion, XM is a legitimate and regulated forex and CFD broker in Taiwan. It has been in business for over 10 years and has a good reputation worldwide.
How to choose the best cent account Forex brokers in Taiwan
Taiwanese traders must evaluate the following components of a cent account Fore broker to decide whether the broker is suited to their unique trading objectives and/or needs.
Regulations and Licenses
This is the first important component that traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others. Taiwanese traders must beware when dealing with brokers that only have offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
Taiwanese traders must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits among other trading and non-trading fees.
Range of Markets
The range of markets offered refers to the number and range of tradable instruments that the broker offers. Taiwanese traders must consider what they wish to trade and what is available.
Customer Support
Customer Support is another crucial factor and Taiwanese traders must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
A trading platform is the Taiwanese trader’s portal to the financial markets. Traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
eBooks
Trading guides
Trading knowledge on leveraged products
A risk warning on complex instruments
Educational videos
Research can include some of the following:
Trading tools
Commentary
Status of International Markets
Price movements
Market sentiments
Whether there is a volatile market
Exchange Rates
Expert opinions and several other resources can help experienced traders make informed trading decisions.
The Best Forex Brokers in Taiwan
In this article, we have discussed Forex trading for beginner Taiwanese traders. We have further identified the brokers that offer additional services and solutions to Taiwanese traders.
Best MetaTrader 4 / MT4 Forex Broker
Min Deposit
100 USD
Regulators
CIMA
Trading Desk
MT4, MT5, Proprietary Platform
Crypto
Yes
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Alpari is the best MT4 Forex broker in Taiwan. Investors see Alpari as a secure choice because of its strong reputation as a reliable market maker. When you trade with Alpari, you can be certain that your orders will be fulfilled in a microsecond or less. Alpari currently has over two million registered users.
Best MetaTrader 5 / MT5 Forex Broker
Min Deposit
5 USD
Regulators
Financial Services Commission of Mauritius
Trading Desk
AvaTradeGO, AvaOptions
AvaSocial,MetaTrader 4
MetaTrader 5,DupliTrade
ZuluTrade
Crypto
Yes
Total Pairs
40+
Islamic Account
Yes
Trading Fees
USD Account Fees: $100
EUR Account Fees: €100
GBP Account Fees: £100
Account Activation
24 hrs
Overall, AvaTrade is the best MT5 Forex broker in Taiwan. Because of AvaTrade’s stellar reputation as a trustworthy broker, it has gained a great lot of respect and faith from the CFD and FX trading communities. AvaTrade secures client assets by distributing them around several accounts at reputable, licensed institutions.
Best Forex Broker for beginners
Min Deposit
50 USD
Regulators
FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
70+
Islamic Account
Yes
Trading Fees
1% on selling and buying.
Account Activation Time
a View Days
Overall, eToro is the best Forex broker for beginners in Taiwan. A social trading and investment platform, eToro allows you to trade stocks, cryptocurrencies, commodities, and other assets. Its intuitive UI allows for the imitation of profitable traders’ strategies by investors and creates a lively and cooperative trading community.
Best Low Minimum Deposit Forex Broker
Min Deposit
No Minimum deposit
Regulators
ASIC, CIRO, JFSA, MAS, FCA
Trading Desk
OANDA Trade web-based platform and MT4
Crypto
Yes
Total Pairs
68
Islamic Account
Yes
Trading Fees
$20 per transaction for withdrawals. A 0.5 % mark-up on the midpoint price at the time of conversion
Account Activation Time
24-48 Hours
Overall, Oanda is the best low minimum deposit Forex broker for traders in Taiwan. OANDA is a well-known online broker for currencies and financial services. OANDA provides an easy-to-use platform for trading CFDs and foreign exchange. It is well known for having cutting-edge trading systems and cheap spreads. It focuses on innovation and openness while providing global trading services to both individual and institutional traders.
Best ECN Forex Broker
Min Deposit
5 USD
Regulators
CySEC, Asic, IFSC
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Commission fee only.
Account Activation Time
30 minutes to 24 Hrs
Overall, XM is the best ECN forex broker in Taiwan. Renowned online FX and CFD broker XM takes great satisfaction in offering a wide range of trading options. Global traders can take advantage of XM’s user-friendly interface, competitive spreads, and extensive selection of assets. Because the broker prioritises client care and instructional resources, it is appropriate for both novice and experienced traders.
Best Islamic / Swap-Free Forex Broker
Min Deposit
156.40 in TWD or $5
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
$2.00 commission per lot per trade plus spread cost
Account Activation Time
12-24 Hours
Overall, Tickmill is the best Islamic / Swap-Free forex broker in Taiwan. Tickmill, a reputable FX and CFD broker, provides cheap spreads on a reliable trading environment. Tickmill is well known for its openness and customer-focused philosophy, and it offers a wide range of financial products. It is a desirable alternative for investors all over the world because of its superior tools, educational resources, and prompt customer support.
Best Forex Trading App
Min Deposit
Based on chosen regional deposit method
Regulators
FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
Trading Desk
MetaTrader 4, MetaTrader 5
Exness Terminal, Exness Trade app
Crypto
Yes
Total Pairs
100 and 33 Crypto Currencies
Islamic Account
Yes
Trading Fees
Exness charges spreads and small commissions
Account Activation Time
24 Hours
Overall, Exness offers the best trading app for traders in Taiwan. Exness is a reputable forex broker with a strong track record of honesty and transparency. To help traders globally, Exness offers a comprehensive selection of financial products, reasonable spreads, and a user-friendly interface. In addition to providing a secure and productive work environment, it places a high priority on customer satisfaction and technological innovation.
Best Forex Rebates Broker
Min Deposit
100 USD
Regulators
CySEC, FCA
Trading Desk
FxPro platform, MetaTrader 4, MetaTrader 5 and cTrader.
Crypto
Yes
Total Pairs
70
Islamic Account
Yes
Trading Fees
Commission charges only on FX pairs. $35 per million USD traded.
Account Activation Time
24 Hrs
Overall, FxPro is the Best Forex Rebates Broker in Taiwan. As a financial middleman for its customers, FxPro provides services like Electronic Communication Network (ECN) and Straight Through Processing (STP).
Retail foreign exchange dealers are eligible for refunds in the form of compensating returns, with a monthly maximum of thirty percent.
Best Lowest Spread Forex Broker
Min Deposit
200 USD
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
Trading Desk
MetaTrader 4, MetaTrader 5
cTrader, TradingView, Myfxbook,
Duplitrade
Crypto
Yes
Total Pairs
90+
Islamic Account
Yes
Trading Fees
Per trade, low fees
Account Activation Time
4 -8 Hours
Overall, Pepperstone is the best lowest spread forex broker in Taiwan. Popular FX and CFD broker Pepperstone is renowned for its cutting-edge trading technology and cheap spreads. Pepperstone provides traders all over the world with a large selection of assets, an easy-to-use interface, and excellent customer service. Because the broker places a high value on innovation and transparency, clients can trade with it in a dynamic and approachable way.
Best Nasdaq 100 Forex Broker
Min Deposit
250 USD
Regulators
ASIC, JFSA, MAS, FINMA, FCA and FMA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
It depends on number of trades made and differ per currency.
Account Activation Time
24 Hrs
Overall, IG is the best Nasdaq 100 forex broker in Taiwan. A trustworthy online trading platform that provides spread betting, CFDs, and FX is The IG Group. IG Group provides a friendly user experience with a large range of financial products, powerful trading tools, and instructional materials. Because of its global reputation for dependability, transparency, and accessibility, it is a popular alternative for traders.
Best Volatility 75 / VIX 75 Forex Broker
Min Deposit
200 USD
Regulators
FSA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
65
Islamic Account
Yes
Trading Fees
Low spreads
Account Activation Time
48 Hrs
Overall, IC Markets is the best Volatility 75 / VIX 75 forex broker in Taiwan. Reputable FX and CFD broker IC Markets provides fair spreads and institutional-level trading conditions. IC Markets offers a comprehensive range of financial instruments on a stable trading platform, catering to both professional and novice traders. It is well known for its state-of-the-art technology, stability, and transparency.
Best NDD Forex Broker
Min Deposit
10 USD/EUR/GBP
Regulators
FSCA, MISA
Trading Desk
Metatrader 4, Metatrader 5 and BDSwiss Web Trader
Crypto
Yes
Total Pairs
50
Islamic Account
Yes
Trading Fees
For all stock CFDs, this commission amounts to 0.1%.
Account Activation Time
24 Hrs
Overall, BDSwiss is the best NDD forex broker in Taiwan. A reliable FX and CFD broker, BDSwiss provides traders all over the world with an easy-to-use interface. With a large selection of assets and affordable spreads, BDSwiss offers a full trading experience. The broker prioritises client education, security, and innovation to provide an atmosphere that is appropriate for both inexperienced and seasoned traders.
Best STP Forex Broker
Min Deposit
5 USD
Regulators
CySEC, MISA, FSCA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Yes
Total Pairs
80+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hrs
Overall, Octa is the best STP forex broker in Taiwan. Octa is well-known for its user-friendly website and attractive trading conditions. Regardless of experience level, Octa provides traders globally with a large range of financial products. The broker values transparency, minimal spreads, and prompt client service, which fosters a reliable and friendly trading environment.
Best Sign-up Bonus Broker
Min Deposit
No minimum deposit requirement
Regulators
FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, HFM is the best sign-up bonus broker in Taiwan. HFM, a well-known commodities and forex broker, provides a full trading interface with competitive spreads. HFM is well known for its customer-centric philosophy and wide selection of financial instruments. It offers services to traders globally and places a strong emphasis on innovation and transparency.
How advanced traders can use cent accounts in Taiwan.
For seasoned traders in Taiwan, the utilization of cent accounts introduces a realm of strategic opportunities and risk management that aligns with their expertise and market insights.
Precision Position Sizing
Cent accounts empower advanced traders in Taiwan to fine-tune their position sizes with precision. By trading in smaller denominations, experienced traders can implement sophisticated strategies that involve precise adjustments to risk exposure.
This meticulous approach to position sizing allows for better risk management, optimizing risk-return ratios and increasing the efficiency of capital utilization.
Testing and Refining Complex Strategies
Cent accounts serve as an ideal testing ground for advanced trading strategies. Seasoned traders can experiment with complex approaches, assess their efficacy, and refine them without exposing a significant portion of their capital.
This risk-controlled environment enables continuous learning and adaptation, essential elements for traders seeking to stay ahead in the ever-evolving Forex landscape.
Fine-Tuning Automated Trading Systems
For traders in Taiwan utilizing automated trading systems, cent accounts provide a controlled environment for fine-tuning algorithms.
With smaller trade sizes, traders can assess the performance of their automated strategies in real-market conditions without subjecting a large portion of their portfolio to potential risks. This iterative process allows for the optimization of algorithms to adapt to changing market dynamics.
Conclusion
Overall, selecting the right cent account Forex broker is pivotal for traders in Taiwan. Prioritizing factors such as tailored features, competitive spreads, and a user-friendly platform ensures a seamless entry into the Forex market. A judicious choice empowers traders, from beginners to advanced, to navigate the financial landscape with confidence and success.
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Frequently Asked Questions
Why should traders in Taiwan consider using a cent account?
A cent account is ideal for Taiwanese traders as it allows them to start with smaller denominations, reducing initial financial risk and providing an accessible entry into the dynamic world of Forex.
How does a cent account contribute to risk management for traders in Taiwan?
Cent accounts facilitate precise position sizing, empowering traders to manage risk more effectively. This feature is particularly beneficial for seasoned traders seeking optimal risk-return ratios.
What features should traders in Taiwan look for in a cent account Forex broker?
Traders should prioritize brokers with tailored cent account features, competitive spreads, user-friendly platforms, and a commitment to transparency. These factors contribute to a successful and supportive trading experience.
Can advanced traders in Taiwan benefit from using a cent account?
Yes. Advanced traders can utilize cent accounts for testing complex strategies, fine-tuning automated systems, and adapting to market dynamics. The controlled environment enables strategic experimentation and continual improvement.
How does choosing the right cent account Forex broker impact trading success in Taiwan?
Selecting a broker with the right features influences success by providing an environment that aligns with traders’ needs. Tailored cent account features, competitive conditions, and a user-friendly platform contribute to a more confident and profitable trading journey.
What trading instruments are available on Exness for cent account users in Taiwan?
Exness offers a diverse range of trading instruments, allowing cent account users in Taiwan to access various currency pairs and financial assets within the global Forex market.
How does Exness promote financial inclusivity through its cent account?
Exness’ cent account fosters financial inclusivity by enabling traders in Taiwan to participate in Forex markets with smaller capital, democratizing access to global financial opportunities and expanding the scope for diverse investors.
How does AvaTrade’s cent account align with the financial goals of Taiwanese traders?
AvaTrade’s cent account aligns with the financial goals of Taiwanese traders by offering an accessible and risk-mitigated entry into Forex trading.
What specific benefits does AvaTrade’s cent account bring to the growing community of traders in Taiwan?
AvaTrade’s cent account empowers the growing community of traders in Taiwan by providing inclusive financial opportunities and a seamless introduction to currency trading.
What makes HFM a reputable broker globally?
HFM is globally recognized for its commitment to transparency, innovation, and providing a reliable platform for traders worldwide.
What are the competitive features of HFM’s cent account?
HFM’s cent account boasts competitive spreads, ensuring cost-effective trading conditions for users in Taiwan.
How does Oanda support Taiwanese traders with a comprehensive range of trading instruments?
Oanda provides a diverse range of trading instruments, allowing users in Taiwan to access various currency pairs and financial assets within the Forex market.
Is the platform user-friendly for traders in Taiwan?
Yes, Oanda’s platform is known for its user-friendly interface, providing an intuitive experience for traders in Taiwan.
How can XM’s cent account empower traders in Taiwan to navigate the dynamic Forex landscape with confidence?
XM’s cent account provides competitive features, rapid execution, and diverse instruments, empowering traders in Taiwan to navigate the dynamic Forex market confidently.
How can traders in Taiwan get started with XM’s cent account?
Traders in Taiwan can begin using XM’s cent account by signing up on the platform, leveraging its tailored features, and benefiting from a reliable and supportive trading experience.