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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

#1

$10

Minimum Deposit

#2

$100

Minimum Deposit

#3

$100

Minimum Deposit

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

Read Review

CySEC, FSA, FCA, FSC, FSCA, CMA

$10

#2

Read Review

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#3

Read Review

CySEC, ASIC, FSCA

$100

#4

Read Review

FSA, CySEC, FSCA, FSC

$1

#5

Read Review

FSC, DFSA, CySEC, ASIC, CMA

$5

#6

Read Review

CySEC, FSCA, FCA, FSA, DFSA, CMA, St. Vincent & the Grenadine

$0

#7

Read Review

FSCA, FSC, FSA

$10

#8

Read Review

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$10

#9

Read Review

FSCA, FSA

$5

#10

Read Review

SVGFSA

$5

#4

$1

Minimum Deposit

#5

$0

Minimum Deposit

#6

$5

Minimum Deposit

#7

$10

Minimum Deposit

#8

$10

Minimum Deposit

#9

$5

Minimum Deposit

#10

$5

Minimum Deposit

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?
ExnessFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA👉 Open Account❌NoBased on chosen regional deposit method✔️ Yes✔️ Yes
AvatradeCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA👉 Open Account❌No3,128.48 TWD or equivalent to $100❌No❌No
OandaFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA👉 Open Account❌No3,131.08 TWD or equivalent to $100
❌No❌No
IGFCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA👉 Open Account❌No7,827.25 TWD or an equivalent to $250❌No❌No
Markets.comASIC, CySEC, FSCA, FCA, BVI FSC👉 Open Account❌No3,131.08 TWD or equivalent to $100
❌No❌No

5 Best Forex Trading Platforms in Taiwan (2024*)

  1. ☑️ExnessOffers Informational Content instructions and Market Research.
  2. ☑️AvatradeTop Islamic Account Broker
  3. ☑️OANDA Most Popular Broker. TradingView Award 2023
  4. ☑️IGbest low-cost broker accolade.
  5. ☑️Markets.comaward winning trading platform.

MT4 from Exness

Trading platforms

 

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

🔎Featureℹ️ Information
🏛️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
📲 Social Media PlatformsInstagram
Facebook
Twitter
YouTube
LinkedIn
⚖️CBC Regulation?❌No
💻Trading AccountsStandard Account Standard Cent Account Raw Spread Account
Zero Account
Pro Account
📊Trading PlatformsMetaTrader 4
MetaTrader 5
Exness Terminal
Exness Trade app
💰Minimum Deposit in TWDBased on chosen regional deposit method
🧑‍💻Trading AssetsForex
Metals
Crypto
Energies
Indices
Stocks
📇TWD-based Account?✔️ Yes
💵TWD-based Deposits?✔️ Yes
💴Bonuses for Taiwanese traders?❌No
📈Minimum spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Exness Metatrader 4

 

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

AvaTrade Review

 

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

🔎Featureℹ️ Information
🏛️ RegulationCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA
📲 Social Media PlatformsInstagram
Facebook
Twitter
YouTube
⚖️CBC Regulation?❌No
💻Trading AccountsRetail Account, Professional Account
📊Trading Platforms AvaTradeGO
AvaOptions
AvaSocial
MetaTrader 4
MetaTrader 5
DupliTrade
ZuluTrade
💰Minimum Deposit in TWD3,128.48 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 spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Duplitrade from Avatrade

 

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

Trading platform

 

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

🔎Featureℹ️ Information
🏛️ RegulationFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
📲 Social Media PlatformsFacebook
Twitter
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 TWDNo 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 spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Oanda Trading Platform

 

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 andMost 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

IG Review

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

🔎Featureℹ️ Information
🏛️ RegulationFCA, BaFin CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📲 Social Media PlatformsFacebook
Twitter
YouTube
LinkedLn

⚖️CBC Regulation?❌No
💻Trading AccountsIG Trading Account
Limited Risk Account Islamic Account (Dubai traders only)
Demo Account
📊Trading PlatformsMetaTrader 4
IG Platform
ProRealTime (PRT)
L2 Dealer
FIX API
💰Minimum Deposit in TWD7,827.25 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 spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

IG L2 Dealer

 

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

Markets.com Review

 

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

🔎Featureℹ️ Information
🏛️ RegulationASIC, CySEC, FSCA, FCA, BVI FSC
📲 Social Media PlatformsFacebook
Twitter
YouTube
LinkedLn

⚖️CBC Regulation?❌No
💻Trading Accounts MarketsX Account
Marketsi Account
📊Trading PlatformsMarketsX
Marketsi
MetaTrader 4
MetaTrader 5 MarketsX App
💰Minimum Deposit in TWD3,131.08 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 spreadFrom 0.0 pips
💻 Demo Account✔️ Yes
☪️ Islamic Account✔️ Yes
👉 Open Account👉 Open Account

 

Markets.com platform

 

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.

Platform Taiwan

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.

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