2025 Taiwan Forex Trading Platform Selection Guide: In-Depth Comparison of 7 Major Brokers

Starting forex investment, choosing the right trading platform is the first step to success. But faced with numerous options in the market, investors often find it difficult to determine which platform truly suits their needs. This article will analyze 7 mainstream forex brokers in Taiwan to help you quickly find the most suitable trading tools.

Core Selection Factors: Evaluation Dimensions Investors Must Know

Before selecting a forex trading platform, it is necessary to conduct a systematic assessment from the following perspectives:

Cost Consideration: Besides spreads and commissions, hidden fees such as withdrawal fees and inactivity charges are often overlooked. Investors are advised to verify each platform’s complete fee structure one by one.

Asset Coverage: Different platforms offer varying trading instruments. Some focus on forex currency pairs, while others also include cryptocurrencies, indices, precious metals, and more.

Leverage Configuration: The higher the leverage, the greater the risk, but it also means more room for profit with small capital. Beginners are generally recommended to choose platforms with leverage between 20-30x.

Deposit and Withdrawal Convenience: Platforms supporting direct NTD deposits and withdrawals reduce currency conversion costs. Also, pay attention to minimum deposit amounts and withdrawal review times.

Regulatory Qualifications: Whether the platform holds legitimate financial licenses and is regulated by authoritative agencies directly determines the safety of funds.

Trading Experience: The platform interface, tool functions, and customer support all influence the actual trading experience.

Overview Comparison of 7 Forex Trading Platforms in Taiwan

Detailed Introduction of Each Platform

Yuanta Futures: Taiwan’s Local Veteran Leverage Broker

As the first futures broker in Taiwan to obtain leverage trading qualification (2017), Yuanta Futures has a natural advantage in regulatory compliance.

Advantages:

• Officially regulated by Taiwan Financial Supervisory Commission, ensuring fund safety
• Offers MetaTrader 5 platform, tradable with 35 forex pairs
• Forex, metals, crude oil enjoy 0 spread promotion
• Minimum 0.01 lot trading, up to 30x leverage
• Supports two-way trading, no overnight fee

Cost Structure: Mainly depends on margin requirements for trading instruments; 0.01 lot is the minimum trading size; USD deposits/withdrawals supported by certain banks with no fee

Suitable for: Investors preferring domestic regulation and seeking lower trading costs

Mitrade: Rise of a New Asian Platform

Originating from Australia and now serving millions worldwide, Mitrade is known for user-friendliness.

Advantages:

• Self-developed trading platform, simple and easy to use, ideal for beginners
• Best Forex Broker in Asia 2022, Best Mobile Trading Platform in Asia 2023
• Supports direct NTD deposits and withdrawals, reducing currency exchange costs
• Negative balance protection, losses do not exceed principal
• 24/7 Chinese customer support
• Flexible leverage from 1x to 200x, trading can be opened with just $50 USD

Cost Structure: Zero commission, low spreads, minimum trading size 0.01 lot; monthly free withdrawal

Special Offer: Register now and receive $50,000 USD demo funds for risk-free trading experience

Suitable for: Newcomers, those wanting a friendly interface, investors needing NTD deposits/withdrawals

KGI Leverage Dealer: Official Taiwan Regulator

Regulated by Taiwan FSC and the Central Bank, KGI Futures’ leverage trading service guarantees investor fund safety.

Advantages:

• Nano Trading King platform, 12 forex pairs + other instruments
• Regulated by Taiwan FSC and Central Bank, with segregated accounts
• 20x-30x leverage, supports two-way trading
• Transparent floating spreads + overnight fees

Cost Structure: Additional 0.01%-0.50% fee on overseas indices; certain banks’ withdrawals are fee-free; USD deposits/withdrawals

Suitable for: Investors seeking domestic regulation and trading overseas indices

Far Eastern Bank Forex: Traditional Bank Forex Service

As a commercial bank in Taiwan, Far Eastern Bank offers forex margin trading with offline support through 56 branches.

Advantages:

• Local bank background, extensive offline branches
• Fixed 20x leverage, supports two-way trading
• Major currency pairs have relatively fixed spreads

Disadvantages:

• Account opening from $10,000 USD, about 2-3 times higher than overseas brokers
• Only 15 forex pairs, limited trading instruments
• No publicly available withdrawal fee info

Suitable for: Traditional investors who prefer offline service and have ample funds

IG: Global Veteran with Taiwan Service

Founded in London in 1974, IG is one of the oldest forex brokers, a FTSE 250 constituent.

Advantages:

• Over 100 trading products, widest asset coverage
• Flexible leverage from 1x to 200x
• Proprietary advanced platform and app
• Offices in 17 countries, strong global influence

Cost Structure: No account opening fee, spreads from 0.6 for popular currency pairs; supports debit/credit card and bank transfer withdrawals

Notes:

• Inactive fee of AUD 18/month for accounts not traded in 2 years
• Minimum withdrawal varies by currency (USD 150, HKD 1250)

Trading Hours: 24 hours outside special markets, open Monday 04:00, close Saturday 05:00

Suitable for: Advanced investors seeking global asset allocation and reputable branding

IC Markets: ECN Model High Leverage Provider

Founded in Sydney, Australia in 2007, IC Markets is known for ECN trading and high leverage.

Advantages:

• Up to 1000x leverage, suitable for high risk tolerance traders
• Over 61 trading instruments, including cryptocurrencies and bonds
• ECN direct execution, minimal spreads
• Accepts multiple international currencies (USD, EUR, etc.)

Cost Structure: Variable spreads plus low commissions, flexible depending on deposit method

Trading Hours: Server time 00:01-23:59 (closes at 23:57 on Fridays), trading year-round

Suitable for: High-risk, professional traders needing high leverage and diverse instruments

CMC Markets: Multi-Regulated Platform Listed on London Stock Exchange

As a LSE-listed company, CMC Markets is regulated by FCA, ASIC, FMA, among others.

Advantages:

• Nearly 12,000 CFD products (indices, stocks, forex, bonds)
• Customizable trading platform with powerful features
• Leverage from 1x to 500x
• Multiple regulatory jurisdictions ensure trading safety

Cost Structure:

• Spreads from 0.7 for major currency pairs (AUD/USD, EUR/USD)
• Spreads from 0.9 for GBP pairs
• Possible commissions depending on account type

Notes:

• Deposits only via international bank transfer
• Dormant accounts (no trading for 1 year) incur $15 monthly inactivity fee

Trading Hours: 24-hour trading from Sunday evening to Friday evening

Suitable for: Institutions and advanced individual investors seeking multi-regulation support and multi-asset allocation

Business Model Analysis of Forex Brokers

Dealing Desk (DD) Brokers’ Profit Logic

These brokers act as counterparties, earning profit from fixed buy-sell spreads when traders place orders. When traders cannot find counterparties in the market, brokers automatically take the opposite position. This model is fast and efficient, but traders must trust that brokers will not manipulate their orders. Regulated brokers have safeguards in place.

No Dealing Desk (NDD) Brokers’ Operation Mechanism

NDD brokers do not participate in trading; instead, they send investor orders directly to liquidity providers (banks, institutions), achieving transparent quotes and smaller spreads. Common forms include STP (provider quotes + markup commission) and ECN (raw quotes + commission). These brokers prefer frequent trading, profiting from trading volume regardless of profit or loss.

Quick Account Opening Guide: Using Mitrade as an Example

Three simple steps to start trading:

Step 1: Register an Account
Visit the official website, fill in basic info (name, email, phone), and submit. The entire process is online, no offline document submission needed.

Step 2: Deposit Funds
Supports Skrill, Poli, Visa, Mastercard, international bank transfer, etc., with quick fund arrival. NTD users can deposit directly using local bank cards.

Step 3: Start Trading
Select desired trading instruments (EUR/USD, gold, crude oil, crypto, global indices), place orders quickly and execute trades.

Introductory Offer: New users receive $50,000 USD demo funds for risk-free practice of trading strategies.

Advanced Q&A: Core Issues Investors Care About

Why must I choose a regulated forex trading platform?

Platforms regulated by authoritative agencies mean three layers of protection: First, brokers must comply with regulatory standards to ensure fair and transparent operations; second, investors have complaint channels and can report to regulators if services are unsatisfactory; third, platforms must establish segregated accounts, so even if the broker goes bankrupt, investor funds are protected.

In contrast, unregulated platforms pose risks of fund misappropriation, platform跑路, and no recourse. This is the principle investors must never compromise on when choosing a platform.

How to quickly verify the authenticity of a platform’s regulatory qualification?

Every regulated broker holds a unique license number. Verification steps:

1. Visit the platform’s “About Us” or “Regulatory Info” section
2. Record the license number and regulator’s name
3. Access the regulator’s official website (e.g., ASIC, FCA) and their market participant lookup system
4. Enter the platform name or license number for verification

If the platform cannot provide clear regulatory info or the query yields no results, it is a clear warning sign.

How do forex brokers profit in the market?

Fundamentally, brokers’ profit models fall into two main categories:

DD Model: Profits from buy-sell spreads and reverse betting against trader orders. Traders profit, brokers lose, and vice versa. This requires brokers to bear risk themselves, so choosing licensed and reputable platforms is crucial.

NDD Model: Profits from spreads markup or trading commissions, without betting against investors. These brokers prefer frequent trading, earning from trading volume regardless of outcomes.

In reality, most legitimate brokers adopt a hybrid model, combining the advantages of both while reducing risk. Regardless of the model, holding a legitimate financial license is a prerequisite.

Disclaimer: The content of this article is for reference only. Trading rules may change; please refer to each platform’s official announcements for specific details. Investment involves risks. Verify all information before choosing a platform.