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8 Best Cryptocurrency Brokers in Taiwan
The 8 Best Cryptocurrency Brokers in Taiwan revealed. Considering the dynamic digital markets and their popularity in Asia, we developed a list of the best brokers in Taiwan for both new and experienced investors.
In this in-depth guide, you’ll learn about the following:
- What is Crypto Trading, and Why Is It Popular in Taiwan?
- The 8 Best Cryptocurrency Brokers in Taiwan
- Tips For Safe Cryptocurrency Trading in Taiwan
- Our Conclusion on the 8 Best Cryptocurrency Brokers in Taiwan
- Popular FAQs about the 8 Best Cryptocurrency Brokers in Taiwan
And lots more…
So, if you’re ready to go “all in” with the 8 Best Cryptocurrency Brokers in Taiwan…
Let’s dive right in…
10 Best Forex Brokers in Taiwan
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is Crypto Trading, and Why Is It Popular in Taiwan?
We have discovered Taiwan to have a special and developing crypto trading environment. Unquestionably, a tech-savvy public and a government welcoming blockchain technology drive the market’s excitement for these digital assets.
The possibility of large profits and market availability around the clock make cryptocurrency trading tempting to many Taiwanese traders.
Based on our findings, the cryptocurrency market never sleeps, unlike the conventional Taiwan Stock Exchange, which is appropriate given the busy lifestyles that are prevalent here. The simplicity of starting also appeals to people who are already at ease with technology and internet shopping.
We also found that strong trading and investing communities in the area fuel local excitement for cryptocurrencies even more. To assist one another in navigating the complexities of this market, they get together at meetings, seminars, and online forums to share information and work together.
There are several difficulties, nonetheless. Cryptocurrency regulations are continually being developed; hence, Taiwanese traders must stay current to guarantee compliance. The ongoing possibility of fraud and hacking makes security a worry as well.
We’ve found that Taiwanese traders prefer crypto brokers that combine robust security measures with user-friendly interfaces and instructional materials. This moderation in trading points to a developed market that equally respects risk management and innovation.
Our view is that Taiwan’s cryptocurrency trading sector is forging its unique route, reflecting the island’s unique fusion of technology innovation and cultural flexibility rather than merely following the worldwide trend of digital currencies.
The 8 Best Cryptocurrency Brokers in Taiwan (2024*)
- ☑️ HFM: Expert managers for crypto volatility.
- ☑️ AvaTrade: Diversify your crypto portfolio.
- ☑️ IG: Renowned platform for learning crypto basics.
- ☑️ eToro: Copy experienced crypto traders.
- ☑️ Capital.com: Trade crypto with low spreads.
- ☑️ FXTM: Wide range of crypto for diversification.
- ☑️ RoboForex: Leverage crypto copy trading options.
- ☑️ Exness: Explore crypto with a user-friendly platform.
HFM
Overview
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
When we investigated Taiwanese crypto brokers, HFM caught our attention. Although its cryptocurrency options are a bit restricted, the broker offers competitive conditions for Taiwanese traders who want to dabble in the digital currency market.
Anyone looking to diversify their investment portfolio outside of forex and other CFDs might find HFM’s strong reputation in the forex market interesting.
We also found that HFM’s strong trading tools and educational materials provide beginners with a solid basis before venturing into the digital currency market.
Unique Features
| 📉Starting spread | 0.0 pips |
| 💳 Minimum Commission per Trade | From $6 per round turn on Forex |
| 💻 Maximum Crypto Leverage | 1:50 |
| 🧑💻Margin Call | Between 40% to 50% |
| ⏱️ Stop-Out | Between 10% and 20% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 60 lots |
| 🪙 Crypto trading offered? | Yes, CFDs |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| Traders can trade various crypto CFDs | Only provides CFDs on Crypto without any option for physical ownership |
| Leverage of up to 1:50 is some of the highest among brokers | HFM doesn’t allow TWD deposits, withdrawals, or accounts |
| Traders can trade major cryptocurrencies and some alt-coins against major currencies | Traders can’t trade crypto against the TWD |
Our insights
In my opinion, HFM could be a good fit for experienced crypto traders seeking professional guidance. Their focus on experienced money managers suggests expertise in navigating the volatile crypto market.
AvaTrade
Overview
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
AvaTrade is unique among its competitors because of its wide range of cryptocurrencies, including prominent names and many alternative coins.
We believe that traders in Taiwan will find special attraction in this variety, which provides opportunities outside of the standard Bitcoin and Ethereum.
The platform gives Taiwanese traders technical analysis tools for well-informed decision-making by integrating easily with well-known charting programs.
We found that AvaTrade is committed to education, as seen by its webinars and tutorials designed especially for cryptocurrency trading techniques. Such emphasis on information exchange might be quite helpful to traders trying to improve their abilities and negotiate the intricacies of the market.
Unique Features
| 📉Starting spread | 0.9 pips EUR/USD |
| 💳 Minimum Commission per Trade | None; only the spread is charged |
| 💻 Maximum Crypto Leverage | 1:25 |
| 🧑💻Margin Call | 50% on Retail, 25% on AvaOptions Accounts |
| ⏱️ Stop-Out | 10% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited |
| 🪙 Crypto trading offered? | Yes, CFDs |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| Traders can trade crypto across platforms with AvaTrade | Spreads can widen during times of high volatility |
| Taiwanese traders can use leverage of up to 1:25 on crypto | Traders cannot register a TWD trading account |
| The spreads across markets are fixed and competitive | There are high inactivity fees |
Our insights
AvaTrade empowers crypto traders with diversification options. Their vast selection of cryptocurrencies allows you to spread your bets across different digital assets, potentially mitigating losses in one area with gains in another. This can be a valuable strategy for managing risk in the volatile crypto market.
IG
Overview
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
Renowned in the trading world, IG is a strong choice for Taiwanese cryptocurrency traders. Its extensive selection of cryptocurrencies, which includes less well-known coins, accommodates a range of trading strategies.
Advanced features, including risk management tools and thorough market research, cater to experienced traders seeking a competitive advantage.
We also found that IG’s dedicated customer service and reputation give Taiwanese traders entering the cryptocurrency space confidence. However, novices might initially find the platform’s intricacy a little intimidating.
Unique Features
| 📉Starting spread | From 0.1 pips DMA |
| 💳 Minimum Commission per Trade | 0.10% |
| 💻 Maximum Crypto Leverage | 1:20 |
| 🧑💻Margin Call | 100% |
| ⏱️ Stop-Out | 50% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Unknown |
| 🪙 Crypto trading offered? | Yes, CFDs |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| IG has several powerful trading tools that can help Taiwanese traders navigate the crypto market | Mainly focused on CFD trading |
| There are competitive spreads on major crypto pairs | Limited education, specifically on crypto CFDs |
| IG has a good reputation and a robust regulatory framework | Traders can’t trade crypto against the Taiwanese dollar |
Our insights
IG is renowned for its educational resources and user-friendly platform. This can be a great starting point, especially if you’re new to cryptocurrency trading. Their resources can help you learn the ropes before risking your capital.
eToro
Overview
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
Ideal for Taiwanese beginners of cryptocurrency, eToro’s cutting-edge social trading platform completely changes the game. eToro fosters a learning environment that can expedite the path to profitable trades by providing the best copy trading platform in Taiwan.
Moreover, eToro fosters a feeling of belonging because of its focus on community involvement through forums and debates. We found that traders can easily diversify their cryptocurrency holdings using the “CopyPortfolios” function makes portfolio management easier.
Nevertheless, compared to platforms designed for experienced traders, eToro’s offers might seem slightly restricted to Taiwanese traders looking for in-depth technical analysis tools.
Unique Features
| 📉Starting spread | 1 pip |
| 💳 Minimum Commission per Trade | None |
| 💻 Maximum Crypto Leverage | 1:2 |
| 🧑💻Margin Call | 100% |
| ⏱️ Stop-Out | 50% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Depends on the instrument and account balance |
| 🪙 Crypto trading offered? | Yes, CFDs and actual coins |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| Allows CFD trading and ownership of the underlying asset | eToro has extremely limited leverage of 1:2 on crypto |
| Features a robust copy trading platform | The spreads on eToro are wider than other brokers |
Our insights
eToro shines for cryptocurrency traders who want to leverage the experience of successful crypto investors. Their extensive pool of traders allows you to copy those with a history of success in the crypto market.
Capital.com
Overview
Min Deposit
USD 20
Regulators
FCA, CySEC
Trading Desk
Proprietary Web-Based Platform
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Taiwanese traders looking for a simple and user-friendly cryptocurrency trading experience will find that Capital.com is a tempting choice.
The platform serves both novice and seasoned traders. The “Investmate” tool improves trading expertise for ongoing development by providing training courses and tests.
This function is a big plus for Taiwanese traders who believe in continuous learning. Competitive spreads and a wide range of cryptocurrencies add even more to Capital.com’s allure.
However, we think that Taiwanese traders looking for more sophisticated trading tools might find their selection slightly restricted.
Unique Features
| 📉Starting spread | 0.6 pips, Variable |
| 💳 Minimum Commission per Trade | None |
| 💻 Maximum Crypto Leverage | NBRB Registration – 1:100, FCA Registration – 1:30, ASIC/CySEC Registration – 1:30 |
| 🧑💻Margin Call | 100% |
| ⏱️ Stop-Out | 50% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Depends on the account balance |
| 🪙 Crypto trading offered? | Yes, CFDs |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| Offers the largest range of crypto markets compared to other brokers | Traders can’t trade crypto directly |
| Traders can expect access to advanced AI technology for personalized insights | Limited education specifically for crypto |
| Offers margin trading | Limited localization in terms of Taiwanese support and market analysis |
Our insights
In my opinion, Capital.com caters to active crypto traders seeking low trading costs. Their tight spreads can be attractive when capitalizing on cryptocurrency opportunities.
FXTM
Overview
Min Deposit
200 USD
Regulators
CySEC, FSCA
Trading Desk
Meta Trader 4, Meta Trader 5
Crypto
Yes
Total Pairs
–
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Cryptocurrency is a part of the trading portfolio of FXTM, a well-known broker in Taiwan. Even though Forex is still its main emphasis, FXTM’s crypto collection is excellent and includes well-known currencies like Ethereum and Bitcoin.
According to our findings, FXTM provides Taiwanese traders with a practical option to combine their forex trading with cryptocurrency through multi-asset accounts and trading platforms.
FXTM accommodates all skill levels of traders through its powerful analyzing tools and educational materials. However, per our findings, Taiwanese traders looking for a greater selection of other currencies might find FXTM’s selection limited.
Unique Features
| 📉Starting spread | 0.0 pips, variable |
| 💳 Minimum Commission per Trade | $0.40 to $2, depending on the trading volume |
| 💻 Maximum Crypto Leverage | 1:100 |
| 🧑💻Margin Call | 60% to 80% |
| ⏱️ Stop-Out | 40% to 50% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots |
| 🪙 Crypto trading offered? | Yes, CFDs |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| Offers robust risk management tools to mitigate the risk of crypto trading and volatility | There is an inherent risk with using high leverage in volatile markets, and traders can lose all their funds |
| Offers high leverage on crypto assets, ensuring greater market exposure | There is no localization in terms of support or education for Taiwanese traders |
| Low and competitive spreads and commissions across markets | Doesn’t offer local deposit or withdrawal methods for Taiwan |
Our insights
In my opinion, FXTM shines for crypto traders seeking diversification opportunities. Their extensive selection of cryptocurrencies allows you to spread your bets across different sectors of the market, potentially reducing risk. This is valuable because the crypto landscape is constantly evolving, with new projects emerging all the time. By diversifying your holdings, you’re not hinging your success on any single cryptocurrency’s performance.
RoboForex
Overview
Min Deposit
USD 10 / 1156
Regulators
IFSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
32
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
RoboForex serves traders who like having access to various trading platforms, such as the well-liked MetaTrader 4, MetaTrader 5, and its proprietary trading software.
Tech-savvy Taiwanese traders who like personalizing their trading environment will find this flexibility appealing.
Moreover, different account types support various risk tolerances and trading styles. In addition, the dynamic and competitive leverage will draw seasoned Taiwanese traders who want to increase earnings. Beginners, meanwhile, might find the platform’s wealth of options rather intimidating.
Unique Features
| 📉Starting spread | From 0.0 pips |
| 💳 Minimum Commission per Trade | 10 USD per million traded |
| 💻 Maximum Crypto Leverage | 1:50 |
| 🧑💻Margin Call | 40% to 60% |
| ⏱️ Stop-Out | 10% to 40% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 500 lots |
| 🪙 Crypto trading offered? | Yes, CFDs |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| Offers high leverage of up to 1:50 on major crypto pairs | Traders can’t trade crypto or other forex pairs against TWD |
| Offers a flexible range of account types that suit different types of traders | Traders are exposed to significant monetary loss when they use high leverage on volatile instruments like crypto |
Our insights
In my opinion, RoboForex caters to crypto traders interested in leveraging social aspects of trading. Their copy trading features allow you to potentially benefit from the experience of successful crypto traders. This can be a great way to learn and potentially see good returns, but remember, past performance doesn’t guarantee future results. Choose your copied traders wisely, considering their risk tolerance, strategy alignment with your own, and their track record in the specific cryptocurrencies you’re interested in.
Exness
Overview
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
Highly regarded for providing ultra-low spreads, Exness is an appealing crypto broker to Taiwanese active traders looking to save on expenses.
With various trading options spread across markets, Exness clearly supports diverse portfolios. We also found that the features of Exness’ social trading facilitate communication and education among traders.
Exness stands out from other crypto traders for its powerful trading software and its dynamic leverage and competitive spreads on major instruments like EUR/USD and BTC/USD.
Unique Features
| 📉Starting spread | 0.0 pips EUR/USD |
| 💳 Minimum Commission per Trade | From $0.1 per side, per lot |
| 💻 Maximum Crypto Leverage | 1:25 |
| 🧑💻Margin Call | 60% |
| ⏱️ Stop-Out | 0% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited |
| 🪙 Crypto trading offered? | Yes, CFDs |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| Known for offering swap-free conditions on all crypto assets | Exness’ high leverage could lead to a significant loss of funds if the market moves against a trader’s position |
| Traders can trade crypto against most major forex pairs and even gold and silver | Exness does not provide a large range of educational materials localized to Taiwan |
Our insights
In my opinion, Exness could be a good starting point for beginner crypto traders due to their user-friendly platform. The clear and intuitive interface can make the initial steps of cryptocurrency trading less daunting.
Tips For Safe Cryptocurrency Trading in Taiwan
We have been delving extensively into Taiwan’s thriving cryptocurrency ecosystem. Exciting as it is, we have witnessed substantial risks involved. We want to impart our knowledge to help other traders safely negotiate this market.
Spread your investments
Investing all of your money in one cryptocurrency is easy, but diversifying is safer. Comparable to not placing all of your eggs in one basket, that is.
Divide your assets among many cryptocurrencies to offset possible losses with profits from others. This lessens the likelihood of large swings in your portfolio overall.
We have directly observed the advantages of combining certain potential newbies with well-established currencies like Ethereum. Luckily, the brokers we’ve discussed offer some of the best diversification opportunities across various markets, not just crypto.
Choose trustworthy brokers
Selecting a broker is extremely important. A range of crypto options, strong security precautions, and user-friendly platforms have drawn us to Taiwanese crypto brokers like HFM, AvaTrade, Capital.com, Exness, and others.
Based on our evaluations of these crypto brokers, they simplify trading and offer the tools that Taiwanese traders require to add a competitive edge to their crypto trading.
Furthermore, Taiwanese traders will have further peace of mind because these brokers have robust regulatory frameworks. In addition, these brokers also ensure that traders can easily and safely deposit and withdraw funds.
Adopting Robust Security Protocols
We’ve directly witnessed the value of strong security in the cryptocurrency industry. We advise Taiwanese traders to give brokers who go above and above with security measures like two-factor authentication (2FA) and excellent encryption priority.
Offering 2FA and safe fund storage, eToro and Capital.com are excellent examples of security services that take security seriously.
Using strong, original passwords and changing them frequently is a good habit we’ve developed ourselves; it’s an easy step that greatly lowers the possibility of unwanted access.
Keeping Updated on Regulatory Changes
A bit of a shifting target, Taiwan’s cryptocurrency legal environment requires traders to comply with regulations by being up-to-date with developments. Organisations like the Financial Supervisory Commission (FSC) often update guidelines.
Following reliable news sources and subscribing to regulatory body updates has been very helpful.
Traders attempting to negotiate the volatile digital currency market will benefit from the regular sharing of regulatory news by brokers like IG and AvaTrade.
Using Risk Control Resources
In our view, risk management done right is essential. The good news is that brokers provide take-profit and stop-loss orders, among other tools, to enable traders to do precisely that.
These tools are extremely useful in establishing risk limits and safeguarding investor money. Leading platforms for risk management tools are IG and FXTM. Furthermore, we urge traders to become proficient users of these resources to protect their money and make wise judgments.
Diversifying Your Portfolio
A cornerstone of the investing approach is diversification. Through diversifying holdings across many cryptocurrencies and other assets, traders can lessen the effect of market swings on their portfolios overall.
In our experience, risk and possible rewards must be balanced, and diversity will be a crucial instrument for Taiwanese to do so.
Continuously Monitoring Your Accounts
It should become second nature for traders to monitor their trading accounts. Continually looking for any unusual behavior is essential. Various brokers provide real-time monitoring and warnings; Taiwanese traders will discover these tools are invaluable.
Furthermore, setting up alerts for any account activity is another thing we can advise Taiwanese traders to do to identify problems early on. By constantly paying attention to accounts, traders can easily and promptly resolve inconsistencies and safeguard their money.
Conclusion
Our final comments on cryptocurrency brokers for Taiwanese traders represent a balanced viewpoint informed by significant study and examination of numerous platforms.
Taiwan’s crypto trading market is dynamic, thanks to the country’s innovative approach to technology and willingness to embrace blockchain developments. This atmosphere presents both possibilities and problems to traders.
Positively, the availability of cryptocurrency trading platforms is a huge benefit. We found that many brokers provide user-friendly interfaces, allowing both rookie and expert traders to traverse the complicated world of cryptocurrency.
In addition, the availability of advanced trading tools and instructional resources improves the trading experience by enabling users to make more informed decisions and develop strategies.
Furthermore, we also believe that the availability of local payment options and customer assistance in many languages, including Mandarin, adds a level of convenience that cannot be understated.
Security is another area where many brokers thrive, with strong safeguards to protect user cash and personal information. Two-factor authentication, robust encryption, and regulatory monitoring are crucial for establishing trust among traders.
However, we’ve also uncovered a few downsides. To guarantee compliance, traders in Taiwan must be diligent and knowledgeable of the ever-changing regulatory landscape.
This unpredictability might be a deterrent for some investors. Furthermore, while many platforms provide competitive spreads and cheap fees, we found that hidden charges and varying price structures can be confusing and have an impact on total profitability.
Another problem is the tremendous volatility of the cryptocurrency market, which, although potentially lucrative, also carries substantial risks. Traders must be prepared to handle these risks appropriately.
Overall, we can conclude that while the crypto trading environment in Taiwan appears promising, we believe that it must be carefully considered in terms of both advantages and possible hazards.
Therefore, a strategic strategy, ongoing education, and alertness could help traders effectively navigate this fascinating but difficult market.
Frequently Ask Questions
What security measures do crypto traders in Taiwan use?
To secure customer data and funds, reputable brokers use security methods like two-factor authentication (2FA), cold storage for a major amount of their crypto assets, and encryption techniques.
How can I limit the risk of cryptocurrency trading in Taiwan?
To limit risks, utilize stop-loss orders, acquire experience through demo platforms, build a disciplined investing plan, and exercise caution with leverage.
Can I trade crypto from my mobile device with a Taiwanese broker?
Yes, you can. Most cryptocurrency brokers have mobile trading apps for iOS and Android smartphones, making it convenient and accessible for traders on the road.
How can I learn about crypto trading in Taiwan?
Online tools, classes, and tutorials may teach you about blockchain technology, cryptocurrency basics, and trading tactics.