Taiwan Dollar Forex Trading Accounts
Best Trading Apps
Scam Forex Brokers in Taiwan
6 Best Micro Account Forex Brokers
The 6 Best Micro Account Forex Brokers in Taiwan revealed. Our extensive examination of the Taiwanese forex market led us to identify the six most credible micro account forex brokers addressing the needs of local traders.
Our findings demonstrate these brokers’ trustworthiness, affordability, and feature diversity, providing you with unrivaled access to Taiwan’s vibrant trading environment.
In this in-depth guide, you’ll learn about the following:
- What is A Micro Account in Forex Trading?
- The 6 Best Micro Account Forex Brokers in Taiwan – Revealed
- Exploring the Benefits of Micro Accounts For Taiwanese Traders
- Key Features to Consider in a Micro Account Broker
- Tips for Successful Micro Account Trading in Taiwan
- Our Conclusion on the 6 Best Micro Account Forex Brokers in Taiwan
- Popular FAQs about the 6 Best Micro Account Forex Brokers in Taiwan
And lots more…
So, if you’re ready to go “all in” with the 6 Best Micro Account Forex Brokers in Taiwan…
Let’s dive right in…
10 Best Forex Brokers in Taiwan
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is A Micro Account in Forex Trading?
Micro accounts have gained significant popularity among forex traders in Taiwan. They provide a more conservative option for traders new to the market or those who prefer to trade with smaller amounts of currency.
The increased accessibility of forex trading has greatly expanded its reach among a broader audience in Taiwan. For example, many traders find it valuable to have the opportunity to experiment with various strategies without making a significant financial commitment.
Based on our extensive research, it is evident that Taiwanese brokers are successfully adapting to this trend. They now offer micro accounts designed for the local market, often with lower deposit requirements than standard accounts.
In addition, numerous platforms offer extensive trading tools, competitive spreads, and educational materials to assist traders of all experience levels.
We’ve observed that micro accounts are well-suited for the cautious approach of numerous Taiwanese traders. Trading with smaller lot sizes enables more effective risk management and diversification.
Overall, trading with a micro account in Taiwan provides individuals a valuable chance to enter the forex market, enhance their skills, and steadily expand their trading portfolios while keeping risk at a minimum.
The 6 Best Micro Account Forex Brokers – Revealed (2024*)
- ☑️AccentForex– Known for small lots for new traders.
- ☑️Alpari– Great Overall order of execution
- ☑️XM – Known for auto trading and open pricing.
- ☑️FXopen – Well known for its denomination in US cents.
- ☑️IFC Markets – Provides minimum deposit of only $1.
- ☑️SuperForex – trade with smaller volumes with lower risk.
AccentForex
Overview
When considering AccentForex, it’s worth noting that their micro accounts are particularly beneficial for individuals who are new to forex trading. With an initial investment of just 1,600 TWD (50 USD), you can enter the market using 1,000-unit contracts (micro lots).
These smaller contracts are perfect for those who prefer to take cautious steps when starting out. Using leverage of up to 1:500 can offer greater opportunities, but it’s important to be aware of the potential risks involved.
Min Deposit
50 USD
Regulators
VFSC
Trading Desk
MT4
Crypto
Yes
Total Pairs
20
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hrs
AccentForex offers clear and easy-to-understand spreads, making them a great choice for traders who are mindful of costs.
On the downside, more experienced traders might find the limited selection of 20 FX and CFD options a drawback. If you’re new to trading and prioritize risk control, AccentForex’s micro account could suit you.
Unique Features
| 🔎Feature | ℹ️ Information |
| 📈Average spread | From 2 pips |
| 💰Minimum Deposit in TWD | 1,600 TWD (50 USD) |
| 📊Minimum Trading Volume | 0.01 lots |
| 💻Maximum position size | 5 lots |
| 📈Leverage options | 1:1 – 1:500 |
| 🧑💻Available Markets | 20 Forex pairs and CFDs |
| 🧑💻Trading Assets | Shares Bonds Cryptocurrencies Forex Primary CFDs ETFs Indices Blends Commodities |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| Traders can access leverage of up to 1:500 with the broker | There are limited markets that can be traded on the account |
| There are 20 forex pairs and CFDs available for trading | The account’s spreads are extremely wide |
| Traders can start trading using micro-lots | AccentForex has limited localized customer support for Taiwanese traders |
Our insights
In my opinion AccentForex offers clear and easy-to-understand spreads, making them a great choice for traders who are mindful of costs.On the downside, more experienced traders might find the limited selection of 20 FX and CFD options a drawback. If you’re new to trading and prioritize risk control, AccentForex’s micro account could suit you.
Alpari
Overview
Alpari International’s micro account is a great option for traders conscious of their budget. With a minimum deposit of just 324 TWD ($10), it’s incredibly easy to get started.
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
Plus, they offer instant order execution and flexible leverage options to accommodate different trading styles. The inclusion of the swap-free option reflects a considerate approach that is in line with the principles of Islamic finance, showcasing their dedication to being inclusive.
Unique Features
| 🔎Feature | ℹ️ Information |
| 🔀Order Execution Type | Instant Execution |
| 📌Margin Call (%) | 50% |
| 🛑Stop-Out (%) | 30% |
| ✏️Swap-Free Option | Yes |
| ➖📊Minimum Trade Volume | 0.01 lots |
| ➕📊Maximum Trade Volume | 1 Lot |
| ➕📇Maximum Number of Orders | 1,000 cent Lots |
| ➕🔀Maximum Order Volume | 5 lots |
| ➕Maximum Pending Orders | 100 lots |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| Alpari is a reputable name in the industry | There is a limit on the position size |
| Traders can benefit from instant execution on the micro account | Alpari doesn’t offer TWD-denominated accounts |
| Traders can expect access to various markets with Alpari | The spreads on the micro account might be wider compared to other account types |
Our insights
In my opinion, Alpari is a regulated and licensed global broker, providing trading services and facilities to clients in Taiwan countries.
XM No Deposit Bonus
Overview
This platform is one of a kind because of its capabilities for auto trading, open pricing that does not include any additional fees or taxes, and very speedy order executions. The platform has a success rate of 99.35 percent and can do this in less than one second.
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 provides new traders with a demo trading account that has a virtual currency balance of $100,000 USD and a wide variety of educational tools so that they may gain a head start in the trading industry.
Unique Features
| 🔎Feature | ℹ️ Information |
| ❌Negative Balance Protection Applied? | Yes, to all retail accounts |
| 🥇Position Size | 1,000 base currency units = 1 Lot |
| ➕Maximum open or pending orders per trader | 300 lots |
| 📊Minimum trade volume MetaTrader 4 | 0.1 lot |
| 📊Minimum trade volume MetaTrader 5 | 0.1 lot |
| 📌Hedging allowed? | Yes |
| ➖Lot Restrictions per trade | 100 lots |
| ☪️Is an Islamic Account offered? | Yes |
| 📈Average spread | From 1 pip |
| 👉 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’s risk management tools and features are designed to help clients minimize potential losses and protect their trading capital. However, it’s important for traders to also understand and practice good risk management strategies, such as diversification and proper position sizing, to further mitigate potential risks.
FXOpen
Overview
FXOpen’s micro account stands out due to its denomination in US cents, enabling transactions of even smaller sizes than the standard micro-lot.
With its leverage of up to 1:500 and competitive spreads, this platform is perfect for both novice and seasoned traders looking to experiment with strategies while keeping their financial risk to a minimum.
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
Low spreads
Account Activation Time
48 Hours
Nevertheless, we believe the lack of a demo account could be a disadvantage for certain traders.
Unique Features
| 🔎Feature | ℹ️ Information |
| ❌Negative Balance Protection Applied? | Yes, to all retail accounts |
| 🥇Position Size | 1,000 base currency units = 1 Lot |
| ➕Maximum open or pending orders per trader | 300 lots |
| 📊Minimum trade volume MetaTrader 4 | 0.1 lot |
| 📊Minimum trade volume MetaTrader 5 | 0.1 lot |
| 📌Hedging allowed? | Yes |
| ➖Lot Restrictions per trade | 100 lots |
| ☪️Is an Islamic Account offered? | Yes |
| 📈Average spread | From 1 pip |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| FXOpen allows traders to start trading with a low minimum deposit | Traders can’t register a demo account when they use the FXOpen micro account |
| Traders can access various forex and metals instruments on the micro account | Taiwanese traders can’t register a TWD-denominated micro account |
| Traders can expect competitive floating spreads | Floating spreads can widen suddenly and extremely during volatile market times |
Our insights
FXOpen Micro accounts are functioning in US cents as the currency. These accounts stand out for the minimal initial deposit ($1 only), small transaction size with low margin requirements.
In my opinion requiring very little money, Micro forex accounts offer basically the same trading conditions as STP accounts.
IFC Markets
Overview
After examining this broker, we found that IFC Markets’ micro account is a great choice for beginners and traders who prefer to trade smaller volumes. With a minimum deposit requirement of just $1, traders in Taiwan can easily access our platform.
Min Deposit
USD 1
Regulators
CySEC, BVI FSC, LFSA
Trading Desk
MT4, MT5, NetTradeX
Crypto
Yes
Total Pairs
50
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Trading in micro-lots enables precise position sizing, essential for effective risk management. With leverage options of up to 1:400 and the ability to choose your account currency, your trading experience is enhanced with added flexibility.
Unique Features of the Micro Account
| 🔎Feature | ℹ️ Information |
| 💵Account Currency | USD, EUR, JPY |
| 💰Minimum Deposit | 1 USD |
| 📈Min and Max Leverage | 1:1 – 1:400 |
| 📊Minimum Trading Volume | From 0.01 lots |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✅Pros | ❌Cons |
| IFC Markets caters to all types of traders | Traders cannot register TWD-denominated accounts |
| There are multi-currency options available | The spreads on the micro account can be extremely wide compared to other accounts |
Our insights
In my opinion IFC Markets offers market analysis to benefit investors. This includes access to historical data, economic calendars and expert recommendations. They focus on providing clients with the correct information to make informed decisions.
Superforex
Overview
SuperForex’s micro account is a great option for traders who prefer to trade with smaller volumes and lower risk. With the micro account, traders can begin with a modest minimum deposit and trade with micro-lots.
Min Deposit
USD 1
Regulators
IFSC
Trading Desk
MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
This makes it a perfect choice for individuals just starting out in the forex market. SuperForex also offers a range of bonuses and fixed spreads, which can be appealing to traders in Taiwan.
Unique Features
| 🔎Feature | ℹ️ Information |
| 💰Bonusses offered | Welcome, Energy, Hot, Dynamic |
| 💻Maximum position size | 10,000 USD or EUR Cents |
| ➡️Swaps | No |
| 🧑💻Forex Copy-trading | None |
| 📉Spreads | Fixed EUR/USD – 2 pips USD/CHF – 2 pips NZD/USD – 3 pips USD/CAD – 3.5 pips USD/ZAR – 48 pips |
| 👉 Open Account | 👉 Open Account |
Pro’s and Cons
| ✅Pros | ❌Cons |
| Offers a range of bonuses compatible with the micro account | SuperForex is not regulated |
| Taiwanese traders can expect competitive fixed spreads on the micro account | The spreads charged on micro are wider than on other accounts |
| There is an ultra-low minimum deposit requirement | Traders can’t access copy trading with the micro account |
Exploring the Benefits of Micro Accounts For Taiwanese Traders
Through our extensive research on the Taiwanese trading scene, we have observed a significant increase in the popularity of a specific account known as the micro account.
Recently, a growing number of Taiwanese traders have started to recognize the value of this option, particularly those new to trading or who prefer a cautious approach.
Emphasizing Risk Management: A Major Advantage
Micro accounts are particularly beneficial for Taiwanese traders as they effectively assist in risk management. With our modern accounts, you can begin investing with a deposit as small as $1; no need for a large sum to get started.
This revolutionary opportunity allows individuals to explore trading without a significant financial obligation. It’s a clever approach to evaluate trading strategies and gain insights into market movements, all while minimizing the risk of losses.
Learning through practical experience while ensuring safety
Micro accounts offer an excellent opportunity for learning and gaining valuable experience. Experience real-world trading without the stress of managing a large account.
When you start experimenting with different strategies, you can gain valuable insights into controlling your emotions during trades and understanding how the market operates.
Plus, the risk is minimal as only a small amount of capital is at stake. This practical experience is invaluable for Taiwanese traders and can greatly accelerate the learning process.
Unlocking Opportunities in the Market
Another advantage of micro accounts is the increased accessibility they offer. Trading in smaller amounts allows for greater diversification of investments across various assets.
We believe this flexibility is a valuable advantage for Taiwanese traders eager to explore various markets.
With a micro account, you can trade in markets such as forex, commodities, indices, and even cryptocurrencies, presenting numerous possibilities for potentially expanding your investments.
Key Features to Consider in a Micro Account Broker
Exploring the realm of micro account brokers in Taiwan? We have thoroughly researched the subject, delving into all aspects, and are ready to provide valuable insights.
We’ll provide comprehensive information on account basics and the fine print, giving you an honest and unbiased perspective to assist you in making well-informed decisions.
The Micro Account Advantage: Trading on Your Terms
In Taiwan’s vibrant financial landscape, micro accounts have provided opportunities for numerous ambitious traders.
These accounts are created to support individuals with limited initial capital or those who are just getting started by providing contract sizes that are significantly smaller than standard trading accounts.
With this opportunity, you can enter the dynamic realm of forex trading with reduced financial pressure and risk.
Consider it a valuable learning experience where you can gain expertise and fine-tune your approaches before expanding. Additionally, numerous brokers now provide micro accounts with no or minimal deposit requirements, making it easier than ever to get started.
Leverage: A Double-Edged Sword for Taiwanese Traders
Micro accounts often offer the option to use leverage. However, we urge traders to remember that while this can greatly increase your potential profits, it is equally important to be aware that losses can also be amplified.
Consider it a tool that can expedite your progress but requires a steady hand and a deep comprehension of risk management.
In our experience, knowing the local regulations governing leverage is crucial for a Taiwanese trader.
Ensuring a stable and secure financial environment is of utmost importance, and the Financial Services Commission (FSC) in Taiwan is instrumental in achieving this goal. It is crucial to understand these regulations to navigate the leveraged trading landscape responsibly.
Choosing Your Broker: Finding the Right Fit in Taiwan
When selecting a micro account broker in Taiwan, it’s important to carefully evaluate the options due to the country’s distinct regulatory framework.
We’ve found that a few international brokers are available to Taiwanese traders, providing a variety of services and platforms customized to meet your specific requirements.
It is important to find brokers that are regulated and licensed to operate in Taiwan or are open to accepting Taiwanese clients.
By implementing robust security measures, brokers prioritize the protection of your funds and ensure that your trades are carried out in a secure environment.
In addition, it would be beneficial to consider brokers that provide services in local languages (Mandarin, Traditional Chinese, etc.) to ensure a smooth and convenient trading experience.
Technology at Your Fingertips: Trading Platforms Made for Taiwan
Taiwan’s advanced technological infrastructure provides a plethora of resources for forex traders. With the rise of advanced trading platforms and mobile applications, it has become incredibly convenient to access and manage your micro account from any location at any given moment.
When assessing brokers, it’s important to examine their trading platform carefully. Is the interface user-friendly and simple to navigate? Does it provide up-to-date market data and analysis tools?
Overall, in our experience, choosing a platform that suits your trading style and preferences can greatly improve your trading experience.
Online trading has gained immense popularity in Taiwan. Numerous brokers are focused on this trend, providing platforms that are easy to use and filled with features that enable you to make well-informed choices.
Whether you’re just starting out or have years of experience, finding the right platform is important for success in the forex market.
Tips for Successful Micro Account Trading in Taiwan
We’ve gone through quite a journey in exploring micro accounts in Taiwan’s trading scene. We’ve explored various aspects and benefits regarding micro accounts, enough to help us formulate a list of tips for Taiwanese traders in using their micro accounts more effectively.
A Closer Look at The Taiwan Market
We quickly learned that the market in Taiwan operates on its own set of rules. Understanding global trends is crucial, but it’s equally important to stay informed about local news, economic updates, and developments in the Asia-Pacific region, as they can significantly impact the financial landscape.
To trade successfully in Taiwan, staying connected to these local sources is essential. Understanding how the region’s events impact the market has been a game-changer for us in accurately predicting price movements and making more informed decisions.
Taiwan’s Educational Opportunities
One of the aspects that we appreciate about trading in Taiwan is the wealth of resources available for learning. Various resources are available for learning, including online courses, webinars, local workshops, and trader groups where you can connect with like-minded individuals.
By fully engaging with these resources, traders can develop a solid foundation that enables them to grasp the market dynamics and stay updated on the most recent strategies.
The Value of Demo Accounts
Before risking your funds, you must practice using a demo account. It’s an excellent method to gain insight into the market, explore various strategies, and develop self-assurance without incurring any financial risk.
Several brokers in Taiwan provide these practice accounts that closely mimic the actual trading environment. This step will be crucial in traders’ preparation for trading with real money.
Risk Management: Protecting Your Capital
When it comes to trading with leverage, having a solid grasp of risk management is absolutely crucial. We’ve discovered the importance of always having a well-defined strategy in place.
Implementing stop-loss orders to mitigate potential losses, exercise caution when using leverage, and avoid risking a significant portion of our account in a single trade is important.
Following these principles, Taiwanese traders can safeguard their capital and ensure their longevity in the market.
Creating a Trading Plan: Your Roadmap to Success
Based on our expertise, a carefully crafted trading plan is crucial. It’s similar to a roadmap that lays out your objectives, your risk tolerance, your selected strategies, and your entry and exit points.
With this plan in place, we have discovered the benefits of maintaining discipline, steering clear of emotional decisions, and staying focused on long-term objectives.
Therefore, we highly encourage Taiwanese traders to create a plan that matches their unique trading style and remain dedicated.
Conclusion
Overall, micro account forex brokers offer a compelling prospect for Taiwanese traders by providing a platform for engaging with global markets on a controllable and less capital-intensive scale.
In our experience, the personalized structure of these accounts provides a more approachable entry point into forex trading, which is especially advantageous for Taiwanese traders who are still learning about trading or want to trade cautiously.
However, it is crucial to note that while the entrance hurdles are reduced, the hazards associated with forex trading remain. Even micro-level leverage can result in enormous financial risk, and the educational curve should not be ignored.
We also found that regulatory issues further add to the complexity, as traders must negotiate a market that is impacted both locally and worldwide, necessitating a broker skilled at handling such complexities.
Additionally, we think the technology improvements and resources available in Taiwan could give traders a sophisticated trading experience, including powerful platforms and vast training materials. However, the onus is on the individual trader to use these tools properly and ethically.
We can conclude that micro account brokers are a two-edged sword: they provide important opportunities for development and learning and require a disciplined and educated approach to trading.
As with any financial effort, we urge traders to strike the right balance between opportunity and risk using a well-considered and planned approach.
Frequently Asked Questions
What are the important characteristics to look for in a micro account broker in Taiwan?
Important characteristics include minimal minimum deposits, cheap spreads, an easy-to-use trading interface, instructional materials, and dependable customer service.
Are any special trading strategies appropriate for micro accounts in Taiwan?
No, there aren’t any special strategies, but scalping and day trading are popular methods for micro accounts since they require more frequent, smaller trades with tighter stop-loss limits.
Can I trade using my mobile phone with a micro account broker in Taiwan?
Yes, most brokers have mobile trading tools, which allow you to manage your micro account and trade on the fly.
Can I trade using leverage on a micro account?
Yes, you can, depending on your broker. Micro accounts often offer leverage ranging from 1:1 to 1:Unlimited. You must evaluate the leverage, margin calls, stop-outs, and other policies before registering a micro account with a broker.
Are micro-accounts acceptable for beginners?
Yes. Micro accounts are ideal for novices and those with less capital and who don’t want to be exposed to substantial risk because these accounts allow trading smaller position sizes and offer more risk control.
