How to choose a forex platform in 2025? Taiwan's 7 major brokers comparison, a must-see for beginners

Looking to make a fortune in the foreign exchange market? The first step is to choose the right platform. But here’s the question—what reliable forex platforms are available in Taiwan? How can you find the broker that best suits your needs? This article provides an in-depth comparison of 7 legitimate forex brokers, making it easy for you to make an informed choice.

Taiwan Forex Platform Comparison: Which of the 7 Brokers Is the Strongest?

Forex trading depends heavily on choosing a good platform. We’ve selected 7 well-known, regulated forex brokers operating in Taiwan, analyzing them across leverage, trading costs, deposit and withdrawal convenience, and more.

Disclaimer: The following platform descriptions are for reference only. There are other excellent brokers in the market. All information is compiled by editors; traders are advised to verify official website data themselves. Rules may change, so always refer to the official site.

1. Yuanta Futures—A Long-Established Local Leverage Broker in Taiwan

When it comes to forex platforms in Taiwan, Yuanta Futures is a name you can’t ignore. Licensed as a leverage broker since 2017, it’s Taiwan’s first legitimate leverage broker. Regulated by the FSB, this status itself is a “trust symbol.”

Key Advantages:

• Offers MetaTrader 5 platform, supporting 35 forex pairs
• Favorable spreads on forex, metals, crude oil; no overnight fees
• Minimum 0.01 lot, highly flexible
• Fast USD deposits and withdrawals, no minimum deposit

Trading Hours: Monday to Friday, Summer Time 05:05–Next Day 05:00, Winter Time 06:05–Next Day 06:00 (GMT+8)

Suitable for: Local traders confident in Taiwan’s regulatory environment, professional clients familiar with MetaTrader.

2. Mitrade—A Friendly Choice for Small Deposits

Mitrade has gained considerable attention in the Asian forex scene over recent years, winning awards like Best Forex Broker in Asia 2022 and Best Mobile Trading Platform in Asia 2023. Why do so many beginners recommend it?

Key Advantages:

• Very low threshold: Open a trade with just $50 USD, perfect for beginners testing waters
• Self-developed platform: Simple, user-friendly interface, not as complicated as some platforms
• Negative balance protection: In extreme market conditions, losses won’t exceed your principal, risk managed well
• Supports TWD deposits and withdrawals: A convenience many platforms lack, saving on currency exchange steps
• 24-hour Chinese-speaking customer service: Immediate support when needed

Leverage Flexibility: 1x-200x, risk management depends on yourself.

Account Opening Bonus: Register and get $50,000 USD in demo funds, learn and practice risk-free.

Suitable for: Forex beginners, retail traders with limited capital, newcomers wanting to try trading.

3. KGI Leverage Broker—Regulated Directly by Taiwan’s Financial Supervisory Commission

KGI is a “long-established” name in Taiwan’s financial circle, regulated by both the FSC and the Central Bank, ensuring fund safety.

Core Features:

• 12 forex pairs available
• Nami Trading King platform, fully functional
• Floating spread + overnight fee mode; overseas indices incur additional fees
• Some products with minimum fees starting at $5 USD

Leverage: 20x or 30x (depending on currency pair)

Withdrawal Convenience: Free withdrawals via Cathay United Bank, Taishin Bank, or CTBC Bank.

Suitable for: Taiwanese traders preferring local platforms, investors with high regulatory standards.

4. Far Eastern Bank Forex—A Traditional Bank-Backed Broker

Far Eastern Bank is a commercial bank in Taiwan, with a long history in forex margin trading, operating through 56 branches nationwide.

Features:

• Minimum deposit of $10,000 USD (higher threshold, about 2-3 times overseas platforms)
• Fixed leverage of 20x
• Spreads based on market conditions, overnight fees apply

Suitable for: Well-capitalized traders accustomed to bank services, seeking traditional financial institution backing.

5. IG—A Stable Choice from an Old-Established International Platform

Founded in London in 1974, IG is one of the oldest brokers in the forex market. It’s a FTSE 250 constituent, with a solid reputation.

Key Advantages:

• Over 100 forex pairs, diverse trading instruments
• Up to 200x leverage
• Proprietary platform + app, mature trading experience
• Offices in 17 countries, extensive customer support network

Cost Notes:

• Popular currency pairs from 0.6 spread
• Inactive accounts over 2 years incur AUD 18 monthly fee (dormant fee)
• Withdrawal limits vary by currency

Trading Hours: Opens Monday 04:00, closes Saturday 05:00, 24-hour trading outside special markets.

Suitable for: Experienced traders seeking a reputable international brand, less sensitive to higher costs.

6. IC Markets—A Paradise for Aggressive Traders

IC Markets is an ECN platform established in Sydney, Australia, in 2007, known for low spreads and high leverage.

Wild Features:

• Leverage up to 1000x (industry’s highest)
• 61+ trading assets
• Floating spreads + low commissions
• Accepts deposits and withdrawals in multiple international currencies

Suitable for: Professional traders with experience, aggressive investors seeking high leverage.

7. CMC Markets—A Professional Choice from a Publicly Listed Company

Listed on the London Stock Exchange, CMC Markets is regulated by FCA, ASIC, FMA, and others, demonstrating high professionalism.

Trading Scale:

• Nearly 12,000 financial products
• Up to 500x leverage
• Highly customizable platform

Cost Structure: Includes commissions, holding costs, spread fees; rates vary by product.

Reminder: Deposits only via international bank wire transfer. Dormant accounts over 1 year incur a $15 monthly fee.

Suitable for: Institutional-level clients, professionals demanding advanced trading tools.

Quick Overview: What Is a Forex Broker?

What is a forex broker? Simply put, it’s an intermediary company providing a platform for forex trading.

Like stock brokers, forex brokers act as “middlemen” in the forex market, accepting buy and sell orders and facilitating trades. Only through legitimate brokers can individual investors access the global currency market 24/7.

Unique Advantages of Brokers:

• Break banking restrictions: Banks only offer major currency exchanges; brokers open access to over 100 currency pairs
• Leverage trading: Use small capital to control large positions (common leverage 20-200x)
• Two-way trading: Long and short positions available
• Sufficient liquidity: Always find counterparties regardless of trade volume

Two Types of Execution Models You Need to Know

Dealing Desk (DD) Market Maker:

• Broker acts as your counterparty, providing buy/sell prices
• Orders execute within internal liquidity pools, not on the open market
• Pros: Fast execution
• Cons: Broker’s interests may conflict with yours (they profit when you lose)

No Dealing Desk (NDD/ECN):

• Orders connect directly to liquidity providers
• Traders see real-time quotes from global banks
• Pros: Transparent prices, potentially lower spreads
• Cons: May involve higher commissions

How to Choose a Forex Platform? 6 Practical Indicators

Don’t pick blindly. These 6 dimensions are essential:

1. Overall Trading Costs Not just spreads and commissions—watch out for hidden fees like withdrawal charges, inactivity fees, overnight interest, etc. A platform that looks cheap on the surface may have hidden costs that negate the savings.

2. Asset Coverage Ensure the platform offers the instruments you want to trade. Forex, metals, crypto, indices—different traders have different needs. Don’t get stuck on a platform that doesn’t support your desired products.

3. Trading Platform Experience MetaTrader, proprietary platforms, web versions, mobile apps—choose one that’s comfortable for you. Beginners should prefer simple, intuitive interfaces; experienced traders may need advanced tools.

4. Deposit and Withdrawal Convenience Supported payment methods? Minimum limits? Withdrawal times? These directly affect your liquidity. Avoid platforms where you can’t easily access your funds.

5. Fund Security Check which regulators oversee the platform and what licenses they hold. Proper regulation equals investor protection and peace of mind.

6. Customer Service When trading issues arise, reliable support is crucial. 24/7 support, Chinese language service, quick response—these matter.

Practical Benefits of Trading with Forex Brokers

Low Barriers, Many Opportunities Brokers open the forex market to retail clients. Regardless of your trading volume, liquidity providers are always available, ensuring smooth participation.

Leverage Amplifies Small Capital Leverage of 20-200x means with $1,000, you can trade positions worth $20,000–$200,000. This is the core appeal of forex trading.

Multiple Profit Strategies Brokers profit from spreads, commissions, overnight fees, etc. For traders, this competition among platforms leads to more transparent costs.

Rich Variety of Instruments Major brokers offer thousands of tradable products—your imagination is the only limit.

3 Quick Steps to Open an Account: Using Mitrade as an Example

Want to experience forex trading? Here’s how to open an account.

Step 1: Register Fill in basic info and complete identity verification online. Done in 5 minutes.

Step 2: Deposit and Trade Support credit cards, Visa, Mastercard, and other methods. Minimum deposit of $50 USD.

Step 3: Place Orders Access the trading system, select EUR/USD, gold, oil, crypto, or stock indices, and start trading.

New User Bonus: Receive $50,000 USD in demo funds upon registration—learn and practice risk-free before real trading.

FAQs

Why is it important to choose a regulated forex platform?

Regulated brokers must comply with standards, ensuring legal and fair operations. If scammed, you can file complaints with regulators. Unregulated platforms? No recourse if issues arise, risking your funds.

How to verify if a platform’s regulation status is genuine?

Every regulated platform has a unique license number. Check by:

1. Visiting the “About Us” or “Regulation” page on the platform
2. Finding the license number, regulator’s name, official verification info
3. Logging into the regulator’s official website to verify authenticity

If a platform hides regulation info or refuses to answer, it’s likely problematic.

What is the real profit model of a forex broker?

Market Maker Model: The broker acts as your counterparty, profiting from the bid-ask spread or opposite bets. You profit when they lose, creating a conflict of interest.

ECN Model: Orders are matched directly with liquidity providers. The broker earns through commissions and trading volume, regardless of profit or loss.

Hybrid Model: Most platforms combine both. As long as the platform holds proper licenses, these models are legal.

There’s no perfect platform—only the one that’s most suitable for you. Beginners focus on ease of use and low thresholds; experienced traders look at leverage and spreads; institutions prioritize regulation and tools. Match your needs, and you’ll find the right platform.