5 Best Forex Trading Platforms in Taiwan
The 5 best Forex trading platforms in Taiwan revealed. We have explored and tested several prominent platforms for forex trading in Taiwan to identify the 5 best on our list. This is a complete guide to the 5 best Forex trading platforms in Taiwan.
In this in-depth guide you’ll learn:
What is a Forex trading platform?
The 5 best Forex trading platforms.
How to choose a Forex trading platform?
The top Forex brokers in Taiwan?
The pros and cons of using Forex trading platforms?
- Conclusion and FAQs.
And lots more…
So, if you’re ready to go “all in” with 5 best Forex trading platforms in Taiwan…
Let’s dive right in…
10 Best Forex Brokers in Taiwan
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a Forex trading platform used for?
Forex trading platforms and software in Taiwan facilitate the execution of currency exchanges, enabling individuals and businesses to engage in the global foreign exchange market.
These tools provide real-time market data, analytical charts, and order execution capabilities, empowering users to make informed decisions and manage currency transactions efficiently.
The 5 best Forex trading platforms in Taiwan
| 🔎 Brokers | 🏛️Regulation | 👉 Open Account | ⚖️CBC Regulation? | 💰 Minimum Deposit in TWD | 📇TWD-based Account? | 💵TWD-based Deposits? |
| Exness | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | 👉 Open Account | ❌No | Based on chosen regional deposit method | ✔️ Yes | ✔️ Yes |
| Avatrade | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA | 👉 Open Account | ❌No | 3,128.48 TWD or equivalent to $100 | ❌No | ❌No |
| Oanda | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA | 👉 Open Account | ❌No | 3,131.08 TWD or equivalent to $100 | ❌No | ❌No |
| IG | FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA | 👉 Open Account | ❌No | 7,827.25 TWD or an equivalent to $250 | ❌No | ❌No |
| Markets.com | ASIC, CySEC, FSCA, FCA, BVI FSC | 👉 Open Account | ❌No | 3,131.08 TWD or equivalent to $100 | ❌No | ❌No |
5 Best Forex Trading Platforms in Taiwan (2024*)
- ☑️Exness – Offers Informational Content instructions and Market Research.
- ☑️Avatrade – Top Islamic Account Broker
- ☑️OANDA – Most Popular Broker. TradingView Award 2023
- ☑️IG – best low-cost broker accolade.
- ☑️Markets.com – award winning trading platform.
MT4 from Exness
Overview
Renowned for its user-friendly interface, MT4 provides real-time market data, advanced charting tools, and automated trading features. Exness distinguishes itself in the Taiwanese market by ensuring seamless transactions, low spreads, and rapid order execution, fostering an environment conducive to effective Forex trading.
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
As a broker, Exness prioritizes transparency and security, assuring traders in Taiwan of a reliable platform for engaging in the dynamic foreign exchange market with confidence.
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 are called the Exness Premier program. The Mt4 platform is the best in Taiwan as it is integrated easily with the Exness trading system.
Trust Score
Exness has a trust score of 97%.
DupliTrade from AvaTrade
Overview
AvaTrade stands out by providing traders with the innovative DupliTrade platform. DupliTrade empowers users to automatically replicate strategies of experienced traders. AvaTrade distinguishes itself with a user-friendly interface, extensive educational resources, and multilingual customer support, ensuring accessibility for traders in Taiwan.
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 broker prioritizes a secure trading environment and offers a diverse range of financial instruments. AvaTrade’s commitment to transparency, competitive spreads, and advanced trading tools positions it as a reliable choice for those seeking a comprehensive Forex trading experience 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
They were established in 2006 and is 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.
Trust Score
AvaTrade has a high trust score of 96%.
Oanda Trade
Overview
Oanda, a prominent choice for traders in Taiwan, boasts its proprietary Oanda Trade platform, a versatile and user-friendly tool for Forex trading.
The Oanda Trade platform stands out with advanced charting, real-time market analysis, and risk management features. Oanda Trade provides seamless order execution and competitive spreads, enhancing the trading experience for Taiwanese investors.
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
With multilingual customer support, comprehensive educational resources, and a commitment to transparency, Oanda ensures accessibility and reliability for traders navigating the complexities of the foreign exchange market in Taiwan.
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, 2022. This gives traders confidence to trade with and through them in all countries that they operate, especially in Taiwan.
Trust Score
Oanda has a high trust score of 91%.
L2 Dealer from IG
Overview
The L2 Dealer platform by IG Group is a sophisticated Forex trading solution. Renowned for its advanced features, the platform provides real-time market data, powerful charting tools, and direct market access.
IG Group stands out by offering a seamless trading experience with competitive spreads and a wide range of financial instruments, catering to the diverse preferences of Taiwanese investors.
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
The L2 Dealer platform’s intuitive interface, coupled with IG Group’s commitment to transparency and reliable customer support, ensures that traders in Taiwan can navigate the complexities of the Forex market efficiently and confidently.
Unique Features
| 🔎Feature | ℹ️ Information |
| 🏛️ Regulation | FCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA |
| 📲 Social Media Platforms | Facebook YouTube LinkedLn |
| ⚖️CBC Regulation? | ❌No |
| 💻Trading Accounts | IG Trading Account Limited Risk Account Islamic Account (Dubai traders only) Demo Account |
| 📊Trading Platforms | MetaTrader 4 IG Platform ProRealTime (PRT) L2 Dealer FIX API |
| 💰Minimum Deposit in TWD | 7,827.25 TWD or an equivalent to $250 |
| 🧑💻Trading Assets | Forex Indices Shares Commodities Cryptocurrencies Futures Options |
| 📇TWD-based Account? | ❌No |
| 💵TWD-based Deposits? | ❌No |
| 💴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 |
| IG Group is a well-established and reputable broker with a track record in the industry, instilling confidence in traders. | The advanced features of platforms like L2 Dealer may be overwhelming for novice traders, requiring a learning curve. |
| IG Group offers a diverse range of financial instruments, including Forex, indices, stocks, and commodities, providing traders in Taiwan with various investment options. | Traders should be aware of potential inactivity fees if they do not engage in trading activities for an extended period. |
| The L2 Dealer platform offers advanced features, real-time market data, and direct market access, catering to the needs of experienced traders seeking sophisticated tools. | While IG Group offers some cryptocurrency trading, the range is more limited compared to dedicated crypto exchanges. |
| IG Group provides competitive spreads, enhancing the cost-effectiveness of trades for investors in Taiwan. | While competitive, spreads on certain instruments can vary, impacting trading costs for users in Taiwan. |
| Being regulated by reputable authorities, such as the Financial Conduct Authority (FCA), adds a layer of security for traders. | IG Group primarily offers variable spreads, and some traders may prefer the predictability of fixed spread accounts. |
| IG Group offers educational materials, webinars, and research tools to help traders in Taiwan enhance their knowledge and skills. | Traders in Taiwan might find the local presence of IG Group limited compared to regional brokers, potentially affecting localized support. |
| With reliable customer support, IG Group ensures that traders can get assistance promptly, addressing any concerns or issues. |
Our insights
With my personal experience the L2 dealer app from IG, you can access thousands of markets – including stocks, forex and indices. The app has won international rewards for its uniqueness and easy to use features.
Trust Score
IG has a very high trust score of 99%.
Markets.com proprietary platform
Overview
Markets.com provides a tailored trading experience for investors in Taiwan through its proprietary platform. This user-friendly interface offers seamless navigation, real-time market data, and advanced charting tools, catering to the specific preferences of Taiwanese traders.
Min Deposit
ASIC, CySEC, FSCA, FCA, BVI FSC
Regulators
ASIC, CySEC, FSCA, FCA, BVI FSC
Trading Desk
MT4, Mt5
Exness Terminal, Exness Trade app
Crypto
Yes
Total Pairs
66
Islamic Account
Yes
Trading Fees
Low spreads
Account Activation Time
24 Hrs
With a diverse range of financial instruments, including Forex, indices, stocks, and commodities, Markets.com enables investors in Taiwan to diversify their portfolios. The platform’s localized features and multilingual customer support enhance accessibility, ensuring traders in Taiwan can confidently engage in the dynamic world of financial markets with ease and efficiency.
Unique Features
| 🔎Feature | ℹ️ Information |
| 🏛️ Regulation | ASIC, CySEC, FSCA, FCA, BVI FSC |
| 📲 Social Media Platforms | Facebook YouTube LinkedLn |
| ⚖️CBC Regulation? | ❌No |
| 💻Trading Accounts | MarketsX Account Marketsi Account |
| 📊Trading Platforms | MarketsX Marketsi MetaTrader 4 MetaTrader 5 MarketsX App |
| 💰Minimum Deposit in TWD | 3,131.08 TWD or equivalent to $100 |
| 🧑💻Trading Assets | Shares Bonds Cryptocurrencies Forex Primary CFDs ETFs Indices Blends Commodities |
| 📇TWD-based Account? | ❌No |
| 💵TWD-based Deposits? | ❌No |
| 💴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 |
| Markets.com offers a user-friendly trading platform, suitable for traders of various experience levels, enhancing accessibility for investors in Taiwan. | Markets.com’s cryptocurrency offerings may be more limited compared to dedicated cryptocurrency exchanges, potentially limiting choices for traders interested in digital assets. |
| Traders in Taiwan can access a diverse range of financial instruments, including Forex, indices, stocks, and commodities, allowing for a well-rounded and diversified portfolio. | Traders who prefer the predictability of fixed spread accounts may find that Markets.com primarily offers variable spreads. |
| Markets.com provides educational resources, tutorials, and analysis tools, aiding traders in Taiwan to enhance their knowledge and improve their trading skills. | Markets.com imposes an inactivity fee, which could impact traders in Taiwan who do not engage in frequent trading. |
| The platform includes localized features, making it more adaptable and suitable for the preferences of traders in Taiwan. | While Markets.com provides customer support, the availability may not be 24/7, potentially affecting traders in Taiwan in different time zones. |
| Markets.com is regulated, providing a layer of security and reliability for traders in Taiwan concerned about the safety of their funds. | Advanced traders seeking highly sophisticated features may find the platform somewhat less advanced compared to specialized trading platforms. |
| The broker offers competitive spreads, contributing to cost-effective trading for investors in Taiwan. | Markets.com’s local presence may be limited compared to regional brokers, potentially impacting localized support for traders in Taiwan. |
Our insights
Through my experience and opinion trading through Markets.com are easy through their platforms & applications. You can also use other platforms such as MetaTrader.
Trust Score
Markets.com has a very high trust score of 97%.
How to choose the best Forex trading platforms in Taiwan
Taiwanese traders must evaluate the following components of a Forex trading platform 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 prioritizes 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.
Pros and Cons of using Forex Trading Platforms in Taiwan
| ✅Pros | ❌Cons |
| Accessibility: Forex trading platforms in Taiwan provide easy access to the global foreign exchange market, enabling traders to participate from anywhere with an internet connection. | Learning Curve: The use of advanced features on trading platforms may have a learning curve, especially for beginners in Taiwan. |
| Real-time Data: Platforms in Taiwan offer real-time market data, allowing traders to make informed decisions based on current market conditions. | Technical Issues: Platforms may encounter technical glitches or downtime, potentially impacting the ability to execute trades promptly. |
| Advanced Charting Tools: Most platforms come equipped with advanced charting tools, facilitating technical analysis and aiding traders in identifying trends and patterns. | Overreliance on Automation: Depending too heavily on automated trading can lead to significant losses if the algorithms or strategies are not well-calibrated. |
| Automation and Algorithms: Many platforms support automated trading through Expert Advisors or algorithms, allowing for the execution of pre-defined trading strategies without constant monitoring. | Broker Dependence: Traders in Taiwan are reliant on the chosen broker’s platform, and any issues with the broker may affect the overall trading experience. |
| Diverse Financial Instruments: Forex platforms often provide access to a wide range of financial instruments, including currency pairs, commodities, indices, and cryptocurrencies, offering diversification opportunities. | Market Volatility: The foreign exchange market’s inherent volatility can lead to rapid price fluctuations, resulting in potential losses for traders. |
| Risk Management Features: Traders in Taiwan can utilize risk management tools such as stop-loss orders and take-profit orders to control potential losses and secure profits. | Costs: Some platforms may have associated fees, spreads, or commissions that traders need to consider in their overall trading costs. |
| Educational Resources: Platforms often offer educational resources, tutorials, and demo accounts, assisting traders in improving their skills and understanding the complexities of the Forex market. | Market Manipulation: In rare cases, market manipulation or irregularities can occur, impacting the integrity of trades executed through platforms. |
| Security Concerns: Cybersecurity threats pose a risk to the security of personal and financial information stored on trading platforms. |
Conclusion
Overall, in selecting the optimal Forex trading platform in Taiwan, it is imperative to consider individual preferences, experience level, and trading goals. A thorough evaluation of features, regulatory compliance, and customer support ensures a well-informed decision, fostering a secure and efficient trading experience in the dynamic global foreign exchange market.
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Frequently Ask Questions
What is a Forex trading platform?
A Forex trading platform is software that facilitates currency trading. It provides essential tools and features for analyzing the market and executing trades, essential for successful trading in Taiwan.
How do traders choose the best Forex trading platform in Taiwan?
Consider factors such as user-friendliness, available features, security measures, and the reputation of the platform. Tailor your choice to match your trading preferences and goals.
Can traders access multiple currency pairs simultaneously on a Forex trading platform in Taiwan?
Yes, most platforms allow traders in Taiwan to engage in multiple currency pairs concurrently, offering flexibility and diversification options.
What risk management tools are available on Forex trading platforms?
Platforms often provide tools like stop-loss orders and take-profit orders. Understanding and implementing these features can help manage risks for traders in Taiwan.
Is it essential to use automated trading features on a Forex platform in Taiwan?
Automated trading is optional, but it can be beneficial. Traders in Taiwan can use features like Expert Advisors to automate strategies, reducing emotional decision-making.
Can I use automated trading strategies on MT4 in Taiwan?
Yes, MT4 supports automated trading through Expert Advisors (EAs). Traders can create or purchase EAs to execute pre-defined strategies, enhancing efficiency and minimizing emotional decision-making.
Is there educational support available for MT4 users in Taiwan?
Many brokers offering MT4 in Taiwan provide educational resources, including tutorials and webinars. Traders can leverage these materials to enhance their understanding of the platform and improve their trading skills.
How does DupliTrade differ from traditional Forex trading platforms in Taiwan?
DupliTrade is an innovative social trading platform offered by AvaTrade. It stands out by allowing traders in Taiwan to automatically replicate the strategies of experienced investors, offering a hands-free approach to trading.
How can traders’ access DupliTrade on AvaTrade’s platform in Taiwan?
To access DupliTrade, log in to your AvaTrade account, navigate to the trading platform, and select DupliTrade. Follow the prompts to explore and choose suitable strategies for replication.
What is the Oanda Trade platform?
Oanda Trade is Oanda’s proprietary trading platform known for its versatility and user-friendliness. Traders in Taiwan prefer it for advanced charting, real-time market analysis, and efficient order execution.
Can traders use Oanda Trade on mobile devices for Forex trading in Taiwan?
Yes, Oanda Trade is accessible on mobile devices. Traders in Taiwan can download the Oanda app for convenient on-the-go trading.
What types of financial instruments can I trade using the L2 Dealer platform in Taiwan?
The L2 Dealer platform supports a wide range of instruments, including Forex, indices, stocks, and commodities, offering diversified trading options for investors in Taiwan.
How does the direct market access feature benefit traders use L2 Dealer in Taiwan?
Direct market access allows traders in Taiwan to interact directly with financial markets, facilitating faster order execution and potentially better pricing.
What types of spreads does Markets.com offer to traders in Taiwan?
Markets.com offers competitive spreads, contributing to cost-effective trading for investors in Taiwan. However, primarily variable spreads are offered.
Are there fees for inactivity on the Markets.com platform in Taiwan?
Yes, Markets.com imposes an inactivity fee, which traders in Taiwan should be aware of, especially if they do not engage in frequent trading.