7 Best ECN Forex Brokers in Taiwan
The 7 Best ECN Forex Brokers in Taiwan revealed. We’ve evaluated and graded various ECN Forex brokers to present Taiwanese traders with a list that stands out for its dependability and performance in this unique market.
In this in-depth guide, you’ll learn about the following:
- What is an ECN Forex Broker, and How Do I Choose The Right One?
- The 7 Best ECN Forex Brokers in Taiwan
- What Are The Benefits of Using An ECN Forex Broker in Taiwan
- Our Conclusion on the 7 Best ECN Forex Brokers in Taiwan
- Popular FAQs about the 7 Best ECN Forex Brokers in Taiwan
And lots more…
So, if you’re ready to go “all in” with the 7 Best ECN Forex Brokers in Taiwan…
Let’s dive right in…
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is an ECN Forex Broker, and How Do I Choose The Right One?
When it comes to forex trading, particularly in a bustling market like Taiwan, many traders find themselves exploring the option of ECN brokers. Having extensively researched this topic, we have developed a deep understanding of the distinct advantages ECN brokers offer.
In our experience, ECN forex brokers tend to go beyond mere intermediaries; they serve as the electronic bridges connecting traders directly to the market’s core.
This direct connection is not just a fancy feature; it’s extremely advantageous. It signifies having instant access to real-time market data, complete transparency in order books, and the ability to execute trades quickly and accurately.
For traders in Taiwan, this results in a wider range of available liquidity, allowing even large orders to be executed without causing substantial price fluctuations.
However, selecting the appropriate ECN broker requires more thought than simply settling for the first one you stumble upon. There are certain important factors we’ve learned to examine carefully.
First and foremost, regulatory compliance is absolutely essential. It provides peace of mind knowing that your money is secure and everyone is on an equal footing. And then there’s the matter of trade execution quality – the speed, liquidity, and potential for frustrating requotes.
Cost is an important factor that requires careful consideration. ECN brokers may have higher commissions but often make up for it by offering tighter spreads. This can potentially reduce your overall trading costs. It’s important also to consider the technological aspect.
The performance of a broker’s trading platform and APIs can significantly impact your trading strategies, particularly if you engage in high-frequency trading or scalping. We found that Taiwan’s forex market is highly competitive, offering diverse options.
When assessing ECN brokers, it’s important to take into account their range of currency pairs and the reliability of their customer service. Are they responsive and readily available when you require assistance? The platform’s user-friendliness and the availability of analytical tools are noteworthy, as they enable you to make well-informed trading decisions.
Ultimately, from what we know, choosing an ECN broker in Taiwan requires a comprehensive evaluation. Traders should examine their direct market access, fee structure, regulatory standing, and the strength of their trading platform.
With careful consideration of these factors, traders in Taiwan can navigate the forex landscape with confidence and make the most of ECN trading to achieve their financial goals.
The 7 Best ECN Forex Brokers – Revealed (2024*)
- ☑️ Tickmill: Rock-bottom spreads (commissions apply).
- ☑️ Exness: Pure ECN access for seasoned traders.
- ☑️ HFM: Zero-commission ECN for active traders.
- ☑️ Pepperstone: Tight spreads & ECN – ideal for scalpers.
- ☑️ Go Markets: Strategy-focused ECN with execution control.
- ☑️ FP Markets: ECN designed for high-frequency traders with blazing speed.
- ☑️ IC Markets: Efficient ECN offering direct market connection
Tickmill
Overview
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
As a renowned ECN broker, Tickmill provides Taiwanese traders access to large liquidity pools and lightning-fast execution times. Our analysis revealed that Tickmill’s Raw account gives direct access to top-tier liquidity sources, resulting in narrow spreads and little slippage.
Taiwanese traders can easily use the broker’s superior technology, including a cutting-edge trading platform and a suite of strong trading tools.
Furthermore, Tickmill’s Raw account provides traders a transparent and efficient trading environment, allowing them to easily capitalize on market opportunities.
The broker’s focus on offering a smooth trading experience, cheap pricing, and excellent customer service makes it an appealing option for Taiwanese traders looking for a dependable ECN broker.
Unique Features
🔎Feature | ℹ️ Information |
📈Average spread | 0.0 pips on Forex majors |
💰Commissions | $3 per lot, per side |
➕Maximum Leverage | 1:1000 |
💻Maximum position size | Fast execution, low-latency |
📈Slippage | Low slippage, efficient order matching |
🧑💻Platform Options | MetaTrader 4, MetaTrader 5, CQG, Tickmill App |
🧑💻Market Access | Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, ETFs |
📊 Regulatory Status | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
📌 Order Transparency | Highly transparent |
🧑💻 Customer Support | 24/5 |
🧑💻 Education | Comprehensive educational materials |
💻 Account Management | Efficient, no deposit or withdrawal fees |
📊 Fund Security | Customer funds are kept in segregated accounts |
👉 Open Account | 👉 Open Account |
Pros and Cons
✅Pros | ❌Cons |
Tickmill offers user-friendly platforms | Tickmill is not regulated locally in Taiwan |
The spreads on the Raw Account are competitive and start from 0.0 pips | Tickmill has limited deposit and withdrawal methods for Taiwanese traders |
Taiwanese traders can expect multilingual support | There are commission fees that apply to the Raw Account |
Various asset classes can be traded | There is limited customer support |
Our Insights
In my opinion, Tickmill caters to serious forex traders with their Raw Account. It’s like they built this account specifically for experience. Sure, the spreads are razor-thin, starting at 0 pips, but there’s a commission per trade.
The big perk is getting your orders straight to the market makers, no dealing desk in between. This means you have more control over your trades and can see exactly what’s happening.
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
Exness provides Taiwanese traders with cutting-edge trading experiences. Our findings show that Exness has access to a large network of liquidity providers, resulting in competitive spreads and quick execution.
Taiwanese traders can use the broker’s user-friendly trading interface, which includes powerful charting tools and configurable indicators.
We also found that traders using Exness’s Zero and Raw Spread accounts benefit from low latency and minimum requotes, allowing them to execute trades more precisely and efficiently.
Unique Features
🔎Feature | ℹ️ Information |
📈Average spread | Form 0.0 pips on major forex pairs |
💰Commissions | $3.50 per lot, per side |
➕Maximum Leverage | Up to 1:2000 by default, but can go up to 1:Unlimited according to the account equity |
💻Maximum position size | Fast execution and minimal slippage |
📈Slippage | Low slippage |
🧑💻Platform Options | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness App |
🧑💻Market Access | Forex, Commodities, Stocks, Indices, Cryptocurrencies |
📊 Regulatory Status | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
📌 Order Transparency | Highly transparent, offers direct market access |
🧑💻 Customer Support | 24/7 |
🧑💻 Education | Comprehensive resources |
💻 Account Management | Efficient management with instant deposits and withdrawals |
📊 Fund Security | Segregated accounts |
👉 Open Account | 👉 Open Account |
Pros and Cons
✅Pros | ❌Cons |
Taiwanese have access to 24/7 multilingual customer support | There is no TWD-denominated account |
Educational materials cover various topics | ECN accounts typically have higher minimum deposit requirements |
Taiwanese traders can expect access to instant deposits and withdrawals | Commissions are charged on ECN accounts |
Our insights
In my opinion, Exness understands that some traders want pure ECN access. Their Raw Spread account offers tight spreads from 0 pips, but just like Tickmill, there are commissions per trade.
The benefit is direct access to liquidity providers, ensuring your orders get routed without dealer intervention.
This transparency and control over execution are ideal for experienced, high-volume traders.
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
HFM serves Taiwanese traders and offers them several flexible account types to choose from, including their ECN options.
HFM’s Zero account provides traders direct access to various liquidity sources, resulting in tight spreads and rapid execution times. HFM also offers reliable trading platforms and a plethora of advanced trading tools, allowing traders to refine their strategies.
HFM’s ECN service provides traders with a transparent and fair trading environment in which orders are executed without broker interference.
Unique Features
🔎Feature | ℹ️ Information |
📈Average spread | From 0.0 pips on major forex pairs |
💰Commissions | From $6 per round turn |
➕Maximum Leverage | Up to 1:2000 |
💻Maximum position size | Fast execution, ideal for scalping and high-frequency trading |
📈Slippage | Low slippage due to top liquidity providers |
🧑💻Platform Options | HF App, MetaTrader 4, MetaTrader 5 |
🧑💻Market Access | Forex, commodities, indices, currency indices, cryptocurrencies, shares, ETFs |
📊 Regulatory Status | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
📌 Order Transparency | Highly transparent, offers direct market access |
🧑💻 Customer Support | 24/7 |
🧑💻 Education | Extensive materials and resources |
💻 Account Management | Efficient, seamless deposits and withdrawals |
📊 Fund Security | Customer funds are kept in segregated accounts |
👉 Open Account | 👉 Open Account |
Pros and Cons
✅Pros | ❌Cons |
HFM is known for its low slippage and high liquidity | Variable spreads can widen during highly volatility times |
Traders can use leverage of up to 1:2000 | HFM is not regulated in Taiwan |
Our Insights
HFM seems to target active traders with their ECN Zero account. You get super tight spreads, again starting at 0 pips, but there are commission fees.
The advantage here is similar to the other ECN brokers: your orders reach liquidity providers directly, with no dealing desk in the middle.
This allows for more control and a clear view of the market for serious traders.
Pepperstone
Overview
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
Pepperstone is a reputable ECN broker that provides excellent trading experience for Taiwanese traders. According to our analysis, Pepperstone’s Razor account charges narrow spreads and guarantees rapid execution times.
The platform options, which include MetaTrader 4, MetaTrader 5, and cTrader, offer advanced tools and features appropriate for various trading styles.
In our opinion, Pepperstone’s efficient account administration, which includes fast depositing and withdrawals and customer fund segregation, makes it a secure and handy solution. The broker’s dedication to direct market access and strong transparency in order execution adds to its appeal.
Unique Features
🔎Feature | ℹ️ Information |
📈Average spread | From 0.0 pips |
💰Commissions | $3.50 per lot, per side |
➕Maximum Leverage | Up to 1:500 (Professional) |
💻Maximum position size | Very fast execution, minimized slippage |
📈Slippage | Low slippage due to advanced order matching |
🧑💻Platform Options | Pepperstone Platform, MetaTrader 4, MetaTrader 5, cTrader |
🧑💻Market Access | Forex, commodities, indices, currency indices, cryptocurrencies, shares, ETFs |
📊 Regulatory Status | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
📌 Order Transparency | Highly transparent with direct market access |
🧑💻 Customer Support | 24/5, multilingual |
🧑💻 Education | Comprehensive educational resources |
💻 Account Management | Efficient management with instant funding |
📊 Fund Security | Customer funds are kept in segregated accounts |
👉 Open Account | 👉 Open Account |
Pros and Cons
✅Pros | ❌Cons |
Pepperstone is known for its extreme liquidity | Taiwanese traders cannot register a TWD-denominated account with Pepperstone |
There are competitive spreads from 0.0 pips EUR/USD | There is a high minimum deposit required to register a Razor Account |
Our insights
n my opinion, Pepperstone designed their Razor account with the scalper in mind. The headline here is the super tight spreads, starting at 0 pips, but there are commissions per trade.
The secret weapon, though, is the ECN model. Your orders zip straight to liquidity providers, with no dealing desk to slow things down.
This transparency and the razor-thin spreads are a scalper’s dream, allowing them to capture those tiny profits on quick trades.
GO Markets
Overview
Min Deposit
945 NAD / 50 USD
Regulators
CIMA, VFSC, FSCA, ASIC
Trading Desk
MT4, MT5, ProTrader, Vantage App, Vantage Copy Trading, ZuluTrade, DupliTrade, Myfxbook AutoTrade
Crypto
Yes
Total Pairs
40+
Islamic Account
No
Trading Fees
Low spreads
Account Activation Time
24 Hrs
GO Markets’ GO Plus+ account provides Taiwanese traders a competitive ECN trading environment. Traders can also access the best liquidity, aggregating liquidity from over 22 sources, ensuring an efficient trading experience with low slippage.
GO Markets’ GO Plus+ account also provides traders with a transparent and fair trading environment in which orders are executed without any influence from the broker.
Furthermore, Taiwanese traders who want to improve their trading abilities can benefit from the broker’s 24-hour customer service and numerous training tools.
Unique Features
🔎Feature | ℹ️ Details |
🔑 Key Features and Tools | Strong trader community, efficient replication, investing options based on renewable energy and crypto trends |
💰 Fees, Costs, and Pricing Structure | No direct fees for copy-trading |
📊 Supported Financial Instruments | Access to a wide range of financial assets, including stocks, ETFs, currency, cryptocurrencies, and commodities |
💻 User Experience | Known for its user-friendly interface and straightforward design, ideal for new traders |
🤝 Customer Support and Community | Comprehensive live chat and email support system with a significant social trading community |
💹 Security and Regulation | Regulated by key agencies such as the FCA, CySEC, and ASIC, ensuring a secure trading environment |
Pros and Cons
✅Pros | ❌Cons |
GO Markets offers a safe, well-regulated trading environment | Traders can’t register an account denominated in TWD |
Traders can expect fast execution and extremely low slippage | GO Markets has limited localized support for Taiwanese traders |
GO Markets offers leverage of up to 1:500 on major forex pairs | Beginners might struggle to understand ECN trading at first |
Our insights
n my opinion, Go Markets’ ECN account targets strategy-driven traders. Razor-thin spreads (from 0 pips) with commissions unlock pure ECN access for maximum control over executions, a game-changer for strategic traders.
FP Markets
Overview
Min Deposit
USD 100
Regulators
ASIC, CySEC, FSCA, CMA
Trading Desk
MT4, MT5, Iress Trader, cTrader
Crypto
Yes
Total Pairs
70
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
FP Markets, with typical spreads of 0.0 pips and a commission fee of $3 per lot, each side, offers an ECN trading environment that accommodates a variety of fast-paced methods like as scalping.
While the advanced trading platforms available might be extremely complex for novices, they are suitable for experienced Taiwanese traders who want the best tools for ECN trading, helping them add a competitive edge to their trading.
Furthermore, Taiwanese traders who want to improve their trading abilities can benefit from the broker’s 24-hour customer service and numerous training tools.
Unique Features
🔎Feature | ℹ️ Information |
📈Average spread | From 0.0 pips |
💰Commissions | $3 per lot, per side |
➕Maximum Leverage | Up to 1:500 |
💻Maximum position size | Fast, minimal slippage |
📈Slippage | Low slippage because of advanced liquidity aggregation |
🧑💻Platform Options | MetaTrader 4, MetaTrader 5, IRESS, cTrader, FP Markets App |
🧑💻Market Access | Forex, Shares, Metals, Commodities, Indices, Cryptocurrencies, Energies, ETFs, Bonds |
📊 Regulatory Status | ASIC, CySEC, FSCA, FSA, FSC |
📌 Order Transparency | High transparency, direct market access |
🧑💻 Customer Support | 24/7 |
🧑💻 Education | Comprehensive materials and resources |
💻 Account Management | Efficient, seamless deposits and withdrawals |
📊 Fund Security | Customer funds are kept in segregated accounts |
👉 Open Account | 👉 Open Account |
Pros and Cons
✅Pros | ❌Cons |
FP Markets offers over 10,000 instruments across markets | FP Markets’ range of options and platforms could overwhelm beginners |
Taiwanese traders can access 24/7 multilingual customer support | FP Markets is not regulated in Taiwan |
Our insights
FP Markets caters to high-frequency traders with their ECN account. Sure, the spreads are razor-thin (from 0 pips) with commissions, but the key is the ECN model. Orders fly directly to liquidity providers, bypassing the dealing desk for the lightning-fast execution FP Markets is known for.
IC Markets
Overview
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
IC Markets is a leading True ECN broker that provides Taiwanese traders with cutting-edge trading experiences. Our investigation into this broker revealed that IC Markets has access to a large network of liquidity sources, providing competitive spreads and quick execution.
IC Markets’ ECN account provides traders with low latency and minimum requotes, allowing them to execute transactions more precisely and efficiently.
The varied platform options, including MetaTrader 4, MetaTrader 5, and cTrader, cater to Taiwanese traders’ diverse trading preferences and financial objectives, and the 24/7 customer support guarantees that Taiwanese traders always have the help they need when they need it.
Unique Features
🔎Feature | ℹ️ Information |
📈Average spread | 0.0 pips on major forex pairs |
💰Commissions | $3.50 per lot, per side |
➕Maximum Leverage | Up to 1:1000 |
💻Maximum position size | Fast, minimal slippage |
📈Slippage | Low because of order execution technology |
🧑💻Platform Options | MetaTrader 4, MetaTrader 5, cTrader, IC Social, Signal Start, ZuluTrade, TradingView |
🧑💻Market Access | Forex, Commodities, Indices, Bonds, Cryptocurrencies, Stocks, Futures |
📊 Regulatory Status | ASIC, CySEC, FSA, SCB |
📌 Order Transparency | Highly transparent, offers direct market access |
🧑💻 Customer Support | 24/7 |
🧑💻 Education | Comprehensive educational materials |
💻 Account Management | Efficient management with instant funding and withdrawals |
📊 Fund Security | Customer funds are kept in segregated accounts |
👉 Open Account | 👉 Open Account |
Pros and Cons
✅Pros | ❌Cons |
IC Markets is a reputable trading partner and one of only a few True ECN brokers | The minimum deposit of $200 might be too steep for beginners |
IC Markets offers two ECN accounts with competitive trading conditions | IC Markets does not have an office in Taiwan |
Our insights
IC Markets’ ECN account: efficiency first. Tight spreads (from 0 pips) with commissions unlock pure ECN access for direct, smooth executions. Ideal for strategy-focused traders.
What Are The Benefits of Using An ECN Forex Broker in Taiwan
While researching the Taiwanese market, we spent significant time evaluating ECN brokers. The hype surrounding them is genuine and with good cause.
We have personally witnessed how these brokers can improve the trading experience. Based on what we’ve learned, they provide some primary benefits.
Lightning-Fast Execution: A Must-Have for Active Traders
The speed with which ECN brokers execute trade is another feature we explored. Their innovative system provides speedy and effective order matching with little latency and slippage.
For traders, transactions are performed at the best available pricing, with fewer chances of significant price fluctuations between placing an order and its execution.
This addresses a substantial concern, especially in unpredictable market prices. If you’re a day trader or scalper, quick execution can help you capitalize on temporary market opportunities.
Cost Efficiency: A Real Benefit
One of the most notable aspects of ECN brokers is how they manage pricing. Instead of dealing with wide spreads like traditional brokers, ECNs combine quotations from several sources.
This leads to narrower spreads and, obviously, much cheaper trading expenses. This can be a significant advantage for active Taiwanese traders, particularly those using high-frequency or scalping tactics.
While there is a commission fee for almost every trade (unless the ECN broker operates on pure commission-free trading), the total cost is generally less than the broader spreads given by market makers. Ultimately, this means preserving more profits and improving your total trading success.
No Dealing Desk: A Direct Line to the Market
According to our findings, one of the most appealing features of ECN brokers is the lack of a trading desk. This implies you have direct market access without any potential hindrance.
Unlike certain traditional brokers, ECNs do not take the other side of your transactions but rather match buyers and sellers within their network. This creates a neutral and transparent trading environment where traders can ensure that trades are executed swiftly and with low slippage.
Deep Liquidity: Powering Your Trades
ECN brokers offer something unique compared to other types of brokers, like STP: access to a large network of liquidity providers, which includes banks, institutions, and even other traders.
This equates to enough liquidity to execute even big orders without creating significant market disturbances. What’s the final result? Improved order fulfillment, narrower spreads, and more consistent pricing.
Unmatched Transparency: Building Trust in the Trading Process
Transparency is another area where ECN brokers excel. In the Taiwanese market, traders will have learned to value the transparency of ECN trading.
Everyone sees the same prices and has access to the same market data. This transparency promotes confidence between the broker and the trader.
Furthermore, ECN brokers do not trade against their clients, eliminating potential conflicts of interest. This means you can be certain that your transactions are handled honestly and that you are receiving a competitive price.
Conclusion
We discovered some distinguishing benefits while researching ECN Forex brokers for Taiwanese traders. Direct market access, competitive prices, and transparency are undoubtedly desirable.
We discovered that these features can empower traders by giving them the tools and knowledge they need to navigate the Forex market successfully.
However, traders must realize that ECN brokers won’t be suitable for everyone. While the degree of transparency and market information they give is advantageous, rookie traders might find it overwhelming.
Furthermore, the increased trading volume requirements and commission-based pricing structure may not be appropriate for all trading styles or budgets.
In our opinion and according to our findings, the best ECN brokers balance these benefits and negatives by providing complete services to a diverse variety of traders.
In addition, they also provide robust but user-friendly trading platforms, reasonable pricing, and decent client support while retaining the transparency and efficiency that ECN brokers are known for.
We can conclude that Taiwanese traders should choose an ECN broker based on their financial goals, degree of expertise, and overall risk tolerance. Therefore, before they decide on any broker, we recommend that Taiwanese traders conduct extensive research and evaluate their options.
FAQs
ECN brokers in Taiwan provide several advantages, including direct market access, competitive pricing, transparency, quicker transaction execution, and reduced slippage.
What sorts of accounts do ECN brokers in Taiwan offer?
ECN brokers often provide flexible account options, including standard, VIP, Raw, Zero Spread, mini, and micro accounts, accommodating traders with different trading preferences, styles, and financial circumstances.
Do ECN brokers in Taiwan charge a commission?
Yes, ECN brokers often use a commission-based pricing model, charging a commission fee per trade (either per side or per round turn).
Can I utilize leverage through an ECN broker in Taiwan?
Yes, ECN brokers often provide leverage, but it is important to use it wisely because it can amplify both profits and losses.
Are ECN brokers regulated in Taiwan?
Yes, many ECN brokers in Taiwan are authorized by respected financial agencies, providing a safe and fair trading environment.