10 Best Forex Brokers in Taiwan 2024 (Top Picks)

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Ryan Hardy sitting before his forex trading desk
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Forex trading is becoming increasingly popular in Taiwan, and there are many Forex brokers 

available to choose from. To help traders make an informed decision, we have compiled a list of the best Forex brokers in Taiwan based on factors such as regulation, trading platforms, and customer support. 

Whether you are a beginner or an experienced trader, our list of top Forex brokers in Taiwan will provide you with the information you need to make an informed decision and start trading with confidence.

A list of Top Forex Broker in Taiwan

Looking for the best forex brokers in Taiwan? We’ve done the research for you and compiled a list of the top ten based on a variety of important factors. Our rankings take into account reputation, regulatory compliance, trading experience, customer support, and more.

Here is the list of top 10 forex brokers in Taiwan 

  • Icmarkets
  • Pepperstone
  • Etoro
  • XM
  • Exness
  • Oanda
  • FBS
  • Hotforex 
  • Eightcap
  • FXTM

Comparison of Best forex Brokers in Taiwan

IC Markets

IC Markets

  • Founded In:  2014 
  • Minimum Deposit: $200
  • Maximum Leverage: 1:500
  • Regulations : FCA, NFA, Cysec
  • Trading Platforms : MT4, MT5, Ctrader
  • Trading Instruments: Forex, CFD, Crypto CFD, and More
Pepperstone

Pepperstone

  • Founded In:  2010
  • Minimum Deposit: $200
  • Maximum Leverage: 500:1
  • Regulations : ASIC, CySEC, SCB, FSA
  • Trading Platforms : MT4, MT5, Ctrader
  • Trading Instruments: Forex, CFD, Crypto CFD, and More
Etoro

Etoro

  • Founded In:  2007
  • Minimum Deposit: $50
  • Maximum Leverage: 1:5
  • Regulations : CySec (Cyprus) , FCA (UK).
  • Trading Platforms : 
  • Trading Instruments: Stocks,Indices,ETFs,Currencies,Commodities,Cryptoassets.
XM

XM

  • Founded In:  2009
  • Minimum Deposit: $5
  • Maximum Leverage: 1000:1
  • Regulations :FSC
  • Trading Platforms : MT4, MT5
  • Trading Instruments: Forex , Commodities, Stock ,Indices , Crypto , Turbo Stocks Equity indices , Precious Metals , Energies 
Exness

Exness

  • Founded In:  2008
  • Minimum Deposit: $200
  • Maximum Leverage: 1:2000
  • Regulations :FSA,CBCS,FSC,FSCA, Cysec,FCA,CMA
  • Trading Platforms :MT4, MT5, MetaTrader WebTerminal, MetaTrader Mobile,  Exness Trade App , Exness Terminal
  • Trading Instruments: Forex , Commodities, Stock ,Indices , Crypto
Oanda

Oanda

  • Founded In:  1996
  • Minimum Deposit: $0
  • Maximum Leverage: 500:1
  • Regulations : ASIC, CFTC, FCA,PFSA,MAS, FSA
  • Trading Platforms : MT4, MT5, fxTrade app
  • Trading Instruments:Forex, Indices , Metals , Shares, Commodities, Cryptocurrencies
FBS

FBS

  • Founded In:  2009
  • Minimum Deposit: $5
  • Maximum Leverage: 1:3000
  • Regulations :FSC(Belize) 
  • Trading Platforms : MT4, MT5, Webtrader
  • Trading Instruments: Forex ,  Stock ,Indices , Crypto , Metals , Energies , Forex Exotic
Hotforex

Hotforex

  • Founded In:  2010
  • Minimum Deposit: $5
  • Maximum Leverage: 1:1000
  • Regulations : FCA, DFSA , FSCA ,FSA,CMA
  • Trading Platforms : MT4, MT5, HFM Platform
  • Trading Instruments: Forex,Metals,Energies,Indices,Stocks,Commodities,Bonds,ETFs,Cryptos
Eightcap

Eightcap

  • Founded In:  2009
  • Minimum Deposit: $100
  • Maximum Leverage: 1:1000
  • Regulations : ASIC,FCA, CySEC, SCB
  • Trading Platforms : MT4, MT5, TradingView, Webtrader
  • Trading Instruments: Forex,Commodities,Indices,Shares,Crypto
FXTM

FXTM

  • Founded In:  2011
  • Minimum Deposit: $10
  • Maximum Leverage: 1:2000
  • Regulations : FSC (Mauritius)
  • Trading Platforms : MT4, MT5 and Mobile Trading
  • Trading Instruments: Currencies, Stocks, Indices and Commodities

Best Forex Brokers in Taiwan Reviewed

ICmarkets.com – Best for Tight Spread

IC Market is a regulated forex broker based in Australia, established in 2017. It is best known for its tight spreads, and offers a range of trading platforms, including MT4, MT5, cTrader, web and mobile. It provides a comprehensive set of trading tools and resources to help traders of all levels of experience make the most of their trading. IC Market is committed to providing a secure and reliable trading environment for its customers.

IC Markets is a great broker that offers a wide range of trading instruments. They offer over 60 currencies, 10+ cryptos and 1600+ CFDs. Trading conditions are quite favorable to traders here, as they allow EAs and robots, scalping and news trading. Additional facilities such as MAM accounts are also allowed, but PAMM accounts and Zulutrade Social Trading are not available.

9.3
IC Markets Scores
Regulation and Security (40%)9.5
Fees and Commissions (20%)9.5
Trading (15%)8.5
Trading tools (10%)9
Customer Support (10%)9.6
Trading Education (5%)9.4

Pros:

  • Low spreads and commissions 
  • Wide range of trading instruments 
  • Highly regulated 
  • Advanced trading technology 
  • Excellent customer support 

Cons:

  • Limited payment methods 
  • Limited educational materials

Pepperstone.com — For Islamic Account

Pepperstone is a regulated broker based in Australia that was established in 2010. They offer a range of trading platforms, including MT4, MT5, cTrader, DupliTrade and TradingView. For those who require an Islamic account, Pepperstone provides a Sharia-compliant trading option. With their advanced technology, competitive fees and reliable customer service, Pepperstone is a great choice for all types of traders.

Pepperstone is an online broker offering an extensive range of trading instruments, including currencies, cryptos, and CFDs. They allow the use of EA or Robots and permit scalping and news trading. In addition, they offer MAM and PAMM accounts, as well as Copy Trading. With such a comprehensive range of features, Pepperstone is an ideal broker for traders of any level.

9.4
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)9.2
Trading (15%)8.5
Trading tools (10%)9
Customer Support (10%)9.6
Trading Education (5%)8

Pros

  • Low spreads and fees 
  • Comprehensive range of trading instruments 
  • Variety of account types 
  • Comprehensive educational resources 
  • Customer service is available 24/7 

Cons

  • No social trading 
  • Limited research and analysis features

Etoro.com – Best for Social Copy Trading

Etoro is a regulated broker based in the United Kingdom that was established in 2007. It is best known for its social copy trading feature, which allows clients to copy the trades of other successful traders. It is powered by the eToro trading platform which is easy to use and intuitive, allowing traders to make informed decisions and track the performance of their investments. eToro also offers a variety of educational tools and resources to help traders become more successful.

Etoro is a broker that offers a wide variety of trading instruments, including 45+ currencies, 55+ cryptocurrencies, and 2815+ CFDs. Etoro does not allow the use of Ea or robots. However, they do offer an additional facility called Copy Trading which allows traders to copy the trades of other traders.

8.8
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)7
Customer Support (10%)9.5
Trading Education (5%)9

Pros

  • Comprehensive range of markets: Etoro offers a wide range of markets, including Forex, stocks, indices, commodities, cryptocurrencies, and ETFs. 
  • Low fees and commissions: Etoro offers competitive fees and commissions on all its products. 
  • Easy to use platform: The platform is intuitive and user-friendly, making it easy for beginners to navigate. 
  • Copy trading: Etoro’s CopyTrader feature allows traders to copy the strategies of experienced traders. 
  • Variety of payment methods: Etoro supports a wide range of payment methods, including debit/credit cards, e-wallets, and bank transfers. 

Cons

  • Limited customer support: Etoro’s customer service is limited and can be slow to respond.
  • Limited research tools: Etoro’s research tools are limited and are not as comprehensive as those offered by other brokers.

XM.Com – For Flexible trading

XM is a regulated broker based in Cyprus, established in 2009. It offers flexible trading options with the use of the MT4 and MT5 trading platforms. XM also offers a range of features such as 24-hour customer service, low spreads, advanced order execution, and fast deposits and withdrawals. It is a reliable broker that focuses on providing a secure and enjoyable trading experience.

XM is a broker that offers a wide variety of trading instruments, including 55+ currencies, 30+ cryptos, and 940+ CFDs. It allows the use of EA or robots, as well as scalping and news trading. Additional facilities provided by XM include MAM accounts, but not PAMM accounts. It also offers Zulutrade Social Trading, allowing you to follow and copy other successful traders.

9.3
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.5
Trading (15%)8.4
Trading tools (10%)8.6
Customer Support (10%)9.5
Trading Education (5%)9.4

Pros

  • Wide range of tradable assets – XM offers a wide range of tradable assets with over 300 currency pairs and more than 12,000 CFDs, so there is something for everyone. 
  • Low spread – XM offers some of the lowest spreads in the industry, starting from 0 pips. 3. Fast execution – XM executes orders quickly and reliably, allowing traders to capitalize on market opportunities. 
  • No requotes – XM does not requote orders, which keeps traders in control of their trades. 5. 24/7 customer service – XM provides 24/7 customer service in multiple languages, ensuring that traders can get help when they need it. 

Cons

  • Limited education resources – XM provides some educational resources, but they are quite limited compared to other brokers. 
  • No US customers – XM does not accept US customers, which limits the potential customer base for this broker.

Exness.com — For Instant withdrawal

Exness is a regulated broker based in Seychelles, established in 2008. Its main focus is providing its traders with instant withdrawal services, making it one of the best brokers for traders who need quick access to their funds. Exness also has a wide range of trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms. Traders who join Exness can enjoy the convenience of instant withdrawals, a range of trading platforms, and the security of a regulated broker.

Exness is a popular broker offering a wide range of trading instruments for traders. They provide 95+ currency pairs, 5+ cryptos, and 130+ CFDs for trading. Exness also allows the use of EAs and robots, as well as scalping and news trading. Furthermore, they offer a copy trading service that allows investors to copy the trades of experienced traders. With their wide selection of trading instruments and facilities, Exness is a great choice for all types of traders.

Pros:

  • Low spreads and competitive trading conditions. 
  • A wide range of trading instruments and markets. 
  • Powerful trading tools and platforms. 
  • A range of account types and options. 
  • Excellent customer support. 

Cons:

  • Limited educational resources. 
  • Limited deposit and withdrawal options.

Oanda.com — Most Trusted

Oanda is one of the most trusted and regulated brokers in the market today. Founded in 1996 and based in the United States, Oanda offers a wide range of trading platforms such as MT4, MT5, WebTrader, NinjaTrader, MotiveWave, MultiCharts and TradingView. With its long history of providing reliable services, Oanda is the perfect choice for traders looking for a reliable and trustworthy broker.

Oanda is a broker that offers a wide variety of trading instruments to its customers. You can trade over 70 currencies, 4 cryptos, and 50+ CFDs. Oanda allows traders to use EAs or robots for trading, as well as scalping and news trading. Additionally, Oanda enables its customers to make use of ZuluTrade for automated trading.

8.8
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)7
Trading (15%)8
Trading tools (10%)9
Customer Support (10%)9.2
Trading Education (5%)7

Pros:

  • Low commissions and fees 
  • Variety of trading platforms 
  • Advanced charting and technical analysis tools 
  • Comprehensive and user-friendly educational resources 
  • Excellent customer service 

Cons:

  • Limited product offering 
  • Limited availability of certain order types

FBS.com —- For High Leverage

FBS is a regulated broker based in Belize that was established in 2009. It is best known for its high leverage and offers trading on the popular MT4, MT5, and FBS Trader platforms. FBS is a reliable broker that is trusted by traders from all over the world, providing excellent customer service, fast order execution and competitive spreads.

FBS is a broker that offers a wide range of trading instruments, including over 35+ currencies and 3 CFDs. FBS allows traders to use EAs and robots, as well as scalping and news trading strategies. The broker offers competitive trading conditions and reliable customer support. With FBS, you can always be sure that your trading experience is secure, comfortable, and profitable.

8.8
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.4
Trading (15%)8
Trading tools (10%)5
Customer Support (10%)9.5
Trading Education (5%)9.5

Pros

  • Low minimum deposit requirement 
  • Wide range of tradable instruments 
  • Comprehensive research and educational materials 
  • Comprehensive customer support 
  • Easy-to-use trading platform 

Cons

  • High spreads 
  • Limited leverage options

Hotforex.com — For Trading instruments

Hotforex is a regulated broker based in Saint Vincent And Grenadines, established in 2010. It offers a wide range of trading instruments and is powered by the popular MetaTrader 4 and MetaTrader 5 trading platforms, which are both user-friendly and feature-rich. With the advanced charting capabilities, integrated trading signals and automated trading, Hotforex is an ideal choice for traders of all levels.

Hotforex is an online forex broker that offers a wide range of trading instruments, including 45+ currencies, 5+ cryptos, and 5+ CFDs. It also allows traders to use expert advisors or robots, scalping, and news trading. Furthermore, Hotforex provides MAM account, which allows traders to manage multiple accounts simultaneously. All these features make Hotforex an ideal choice for traders who want to trade in the forex market.

9.1
Total Score
Regulation and Security (40%)9.8
Fees and Commissions (20%)9
Trading (15%)8
Trading tools (10%)9.2
Customer Support (10%)9
Trading Education (5%)8

Pros:

  • Low minimum deposit. 
  • Offers a wide variety of account types. 
  • High leverage of 1:500. 
  • Variety of payment options including credit cards, wire transfer and e-wallets. 5. Comprehensive customer service. 

Cons:

  • Limited educational resources. 
  • Limited regional support.

Eightcap.com — Best for Trading Support

Eightcap is a regulated broker based in Australia, established in 2009. They are best known for their top-notch trading support and provide the most advanced trading platforms including MT4, MT5, and TradingView. Eightcap provides traders with a secure and reliable trading environment and offers great customer service to help traders achieve their financial goals.

Eightcap is a broker offering a wide range of trading instruments, including 45+ currencies, over 300 cryptos, and 800+ CFDs. Trading conditions are favorable, allowing both scalping and the use of EAs and robots. In addition, there are facilities such as PAMM and MAM accounts available. All of this makes Eightcap an ideal choice for traders of all levels.

9
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9
Trading (15%)8.5
Trading tools (10%)8.6
Customer Support (10%)9
Trading Education (5%)7.2

Pros:

  • Low spreads and fast execution 
  • Regulated and trusted broker 
  • Wide range of trading platforms 
  • Comprehensive educational resources 
  • Customer support available 24/7 

Cons:

  • Limited range of trading instruments 
  • Limited customer service options

FXTM.com — Best For Trading Conditions

FXTM is a regulated broker based in Mauritius, established in 2011. It provides excellent trading conditions for its customers, with a variety of trading platforms available, including MT4, MT5 and WebTrader. FXTM is an excellent choice for traders looking for a reliable and regulated broker.

FXTM is a broker that offers a wide range of trading instruments, including 55+ currencies, 4+ cryptos, and 190+ CFDs. It allows the use of EA or robots, scalping, and news trading. It also offers additional facilities such as a MAM account. With its diverse range of instruments and trading conditions, FXTM is the perfect broker for traders of all levels and experience.

8.6
Total Score
Regulation and Security (40%)9.4
Fees and Commissions (20%)8
Trading (15%)7.8
Trading tools (10%)7
Customer Support (10%)9
Trading Education (5%)9

Pros:

  • Low minimum deposit: FXTM has a very low minimum deposit requirement of only $5, making it a great choice for beginner traders. 
  • Variety of account types: FXTM offers a variety of account types, which makes it suitable for both beginner and experienced traders. 
  • Competitive spreads: FXTM offers tight spreads, which makes it an attractive option for traders who are looking for a competitive broker. 
  • Fast execution: FXTM provides fast execution of trades, which is important for traders who want to take advantage of market opportunities quickly. 
  • Comprehensive research tools: FXTM provides a wide range of research tools and resources to help traders make informed decisions. 

Cons:

  • Limited customer support: FXTM’s customer support is limited, which can be frustrating for traders who need assistance. 
  • Limited payment methods: FXTM only offers a limited selection of payment methods, which can be inconvenient for some traders.

What is a Forex Broker?

A Forex broker is a specialized financial intermediary pivotal for individuals and businesses navigating currency trading within the expansive global foreign exchange market. Serving as a crucial connection between traders and the dynamic realm of forex, these brokers provide online platforms for buying and selling various currencies. Opting for a reputable and regulated Forex broker is paramount for ensuring a secure and efficient trading experience. This choice is complemented by the availability of essential tools and analysis, empowering traders to skillfully navigate the complexities of currency transactions within the ever-evolving forex landscape with confidence and precision.

Learn More : What You Need to Know About a Forex Broker

What are the Most Trusted Forex Brokers in Taiwan ?

According to our research and broker ratings, Pepperstone, IC Markets, XM, and FBS emerge as the most reliable forex brokers for trading in Taiwan . These brokers are highly regulated by top regulators including FCA, ASIC, CySEC, BaFIN, DFSA, SCB and so on.  They also offer segregated client fund accounts with tire 1 banks. for example. Here are our trust score for the following brokers 

  • Pepperstone : 9.4 
  • IC Markets    : 9.3
  • XM                : 9.3 
  • FBS              : 9

What is the No 1 Forex Brokers in Taiwan ?

Based on our in-depth research and ratings, Pepperstone is the number 1 forex broker in Taiwan . The broker is not only popular in Taiwan  but also globally. Additionally, the broker is regulated under top-tier regulators worldwide, including FCA, ASIC, CySEC, and others. Pepperstone secures a score of 9.4 out of 10, the highest in our research

What are the Best MT4 Forex Brokers in Taiwan ?

Based on our in-depth research and test results, the best MT4 forex brokers in Taiwan are:

  • IC Markets
  • Pepperstone
  • Eightcap
  • Tickmill
  • XM
  • FBS

They offer thousands of trading instruments, including forex, crypto CFDs, stock CFDs, and indices.

What are the Best MT5 Forex Brokers in Taiwan ?

MT5 a multi-asset trading platform by MetaQuotes. It is second most popular forex trading platform in the world. Most of the forex brokers in Taiwan  offer MT5 Trading Platforms. According to our brokers research and ratings, the best MT5 Forex Brokers in the UK are 

  • Pepperstone
  • IC Markets 
  • FBS 

MT5 perform allows traders to perform  technical analysis and trading operations in the Forex market

What are the Best ECN Forex Brokers in Taiwan?

Our findings and broker ratings show that the best ECN Forex brokers in Taiwan are 

  •  Pepperstone 
  •  IC Markets 
  •  XM
  •  FXTM 
  •  Hotforex 

These brokers offer low trading fees. They also offer seamless deposit and withdrawal processing. Among the brokers, Pepperstone we ranked Pepperstone as No 1 forex brokers in the world

Which Forex Brokers are Best for Beginners in Taiwan ?

From our research, analysis, testing, and experience; XM, hotforex, FBS, and Exness are the best brokers for beginners in Taiwan . They all provide comprehensive training resources for newbies and also demo accounts for practice. When the newbies are ready for live trading, these brokers offer micro accounts which they can use to start experimenting with live trades at very little risk.

Which Forex Brokers Offer Copy Trading Platforms in Taiwan ?

The best forex brokers offering copy trading platforms in Taiwan include eToro, Pepperstone, IC Markets, and FBS, among others. Among these, eToro is renowned for its social copy trading. Moreover, you can use almost all forex brokers for copy trading purposes if they allow EA trading

Which Forex Brokers offer High Leverage in Taiwan?

FBS is one of the highest-leverage forex brokers that offers services worldwide, including in Taiwan. FBS provides a 1:3000 leverage, allowing for up to $3000 in trading capital for every $1 risked. However, the leverage in the EU and the USA is fixed. In the EU and Australia, retail traders can take up to a 1:30 leverage, while US regulators allow a maximum 1:50 leverage for retail forex traders. Many brokers have multiple entities for traders in different countries. Here is a list of the highest-leverage forex brokers:

FBS.com : 1:3000

Exness.com : 1:2000

Hotforex : 1:1000

How Can I Trade Forex in Taiwan ?

Understand the basics of Forex trading:

Before you start trading Forex, it’s important to understand the basics of how the market works. Learn about currency pairs, market volatility, and the different trading strategies.

Choose a reliable Forex broker:

Look for a reputable Forex broker that is licensed and regulated by the Taiwan Financial Supervisory Commission (FSC). Make sure the broker has a good reputation and offers competitive trading conditions, such as low spreads, fast execution speeds, and reliable customer support.

Open a trading account:

Once you’ve chosen a broker, you’ll need to open a trading account. This typically involves filling out an online application form and providing some personal and financial information. You may also need to submit some identity verification documents.

Fund your trading account:

To start trading, you’ll need to deposit funds into your trading account. Most brokers offer a range of funding options, such as credit/debit cards, bank transfers, and e-wallets.

Choose your trading platform:

Your broker will provide you with a trading platform to use for executing trades. Choose a platform that suits your needs and preferences, whether it’s a web-based platform, a desktop application, or a mobile app.

Analyze the market:

Use technical analysis tools and fundamental analysis to analyze the market and identify potential trading opportunities. Technical analysis involves studying charts and indicators to identify patterns and trends, while fundamental analysis involves analyzing economic and political news events that may impact currency prices.

Place your trades:

Once you’ve identified a trading opportunity, enter your trade on the trading platform. You’ll need to specify the currency pair you want to trade, the trade size, and the stop loss and take profit levels.

Monitor your trades:

Keep an eye on your trades and adjust your stop loss and take profit levels if necessary. It’s also important to manage your risk by using appropriate position sizing and risk management techniques.

Close your trades:

When it’s time to close your trades, simply click the close button on your trading platform. You can also set up automated orders to close your trades at predetermined levels.

Withdraw your profits:

If you’ve made a profit, you can withdraw your funds from your trading account. Most brokers offer a range of withdrawal options, but be aware that there may be withdrawal fees or minimum withdrawal amounts.

Different Types of Forex Brokers in Taiwan ?

Dealing Desk Brokers:

Dealing Desk brokers are also known as market makers. They essentially act as a counterparty to their clients’ trades and may take the opposite position to their clients. They make their profit from the spread (the difference between the bid and ask price) and may also charge commissions. Dealing Desk brokers often offer fixed spreads and are popular among beginner traders.

No Dealing Desk Brokers:

No Dealing Desk brokers offer direct access to the interbank market, without any intermediary. There are two types of No Dealing Desk brokers:

  • Electronic Communication Network (ECN) brokers: ECN brokers provide direct access to the interbank market and match clients’ orders with the orders of other market participants. They make their profit from commissions and may also charge a small spread. ECN brokers are popular among experienced traders who want access to deep liquidity and tight spreads.
  • Straight Through Processing (STP) brokers: STP brokers route clients’ orders directly to liquidity providers, without any intervention. They make their profit from the spread and may also charge commissions. STP brokers are also popular among experienced traders who want fast execution speeds and access to multiple liquidity providers.

Types of Trading Platforms in Taiwan ?

There are several types of trading platforms available for Forex traders in Taiwan. Here are the most common types:

MetaTrader 4 (MT4):

MT4 is a popular trading platform that offers advanced charting tools, technical indicators, and automated trading features. It’s widely used by Forex brokers in Taiwan and around the world, and is available for desktop, web, and mobile devices.

MetaTrader 5 (MT5):

MT5 is the newer version of MT4 and offers additional features such as more advanced charting capabilities, a built-in economic calendar, and a larger number of technical indicators. MT5 is also available for desktop, web, and mobile devices.

cTrader: cTrader is a trading platform developed by Spotware that offers advanced charting, order execution, and risk management tools. It’s particularly popular among ECN and STP brokers in Taiwan and is available for desktop, web, and mobile devices.

TradingView:

TradingView is a web-based platform that offers advanced charting capabilities, technical analysis tools, and social trading features. It’s popular among traders who prefer to use a browser-based platform and is available for free, with premium features available for a fee.

NinjaTrader:

NinjaTrader is a desktop-based trading platform that offers advanced charting, backtesting, and automated trading features. It’s particularly popular among futures traders in Taiwan and is available for a monthly subscription fee.

MultiCharts:

MultiCharts is another desktop-based platform that offers advanced charting, automated trading, and backtesting features. It’s popular among traders who prefer to develop and backtest their own trading strategies and is available for a monthly subscription fee.

How to Choose the Best forex Brokers in Taiwan ?

Regulation:

The first and most important factor to consider is regulation. Make sure the broker you choose is regulated by a reputable financial authority such as the Taiwan Financial Supervisory Commission (FSC). This will ensure that your funds are protected and that the broker is operating within the legal framework.

Trading platforms:

The trading platform is the software you use to place trades and manage your account. Choose a broker that offers a reliable and user-friendly trading platform that is easy to navigate and has all the features you need to trade effectively.

Customer support:

Good customer support is essential when trading Forex. Look for a broker with a responsive and knowledgeable customer support team that is available 24/7 and can assist you with any questions or issues you may have.

Fees and spreads:

Forex brokers make money by charging fees and spreads on trades. Compare fees and spreads offered by different brokers to ensure you are getting a fair deal. Some brokers charge a commission on each trade, while others charge a spread, which is the difference between the bid and ask price.

Trading tools and resources:

 Access to trading tools and resources such as market analysis, research, and educational materials can greatly enhance your trading experience. Look for a broker that provides these resources to help you make informed trading decisions.

Account types:

Different Forex brokers offer different account types, such as standard, mini, and VIP accounts. Consider the different account types offered by the broker and choose one that suits your trading style and needs.

Reputation:

Read online reviews and check the broker’s reputation in the industry to ensure you are dealing with a trustworthy and reliable company. A broker with a good reputation is more likely to provide a high-quality trading experience.

By considering these factors, you can make an informed decision and choose the best Forex broker in Taiwan for your trading needs.

Frequently Asked Question (FAQs)

Yes, Forex trading is legal and secure for individuals in Taiwan. The financial regulatory authority of Taiwan, the Financial Supervisory Commission (FSC), oversees and regulates Forex trading activities to ensure they are conducted in a fair, transparent, and safe manner. 

How do Forex brokers make money?

Forex brokers make money by charging fees and spreads on trades. Some brokers charge a commission on each trade, while others charge a spread, which is the difference between the bid and ask price.

What should I look for in a Forex broker?

When choosing a Forex broker, consider factors such as regulation, trading platforms, customer support, fees and spreads, trading tools and resources, account types, and reputation.

How do I deposit and withdraw funds from my Forex account?

Most Forex brokers offer a variety of deposit and withdrawal options, such as bank transfers, credit/debit cards, and e-wallets. Check with the broker to see what options are available.

How do I place a trade in Forex?

To place a trade in Forex, log in to your trading account and select the currency pair you want to trade. Then, choose the type of trade you want to make (buy or sell) and enter the amount you want to trade. The trade will be executed at the current market price.

Is Forex trading risky?

Forex trading involves risk, and it is important to have a solid understanding of the market and the factors that can impact currency prices. It is recommended to start with a demo account and educate yourself before investing real money.

Conclusion

Choosing the best Forex broker in Taiwan is an important decision for anyone looking to trade currencies in the Forex market. By considering factors such as regulation, trading platforms, customer support, fees and spreads, trading tools and resources, account types, and reputation, you can make an informed decision and find a broker that meets your needs. It is also important to educate yourself on the Forex market and the risks involved, and to start with a demo account before investing real money. By taking these steps, you can increase your chances of success in Forex trading.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

Fact Checked by
Ryan Hardy is a Content Writer, Researcher, and Fact Checker at Brokersway. Specializing in forex trading, he focuses on ensuring accuracy in information related to broker regulations, scams, and safety measures. With a commitment to transparency, Ryan plays a vital role in providing traders with reliable insights into the world  of forex brokers
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Richard Walz, a seasoned content writer and broker’s research specialist, is your go-to authority for decoding online forex brokers and trading platforms. As an editor, he ensures precision and clarity, offering traders valuable insights on Brokersway, a trusted resource for informed decision-making in the dynamic world of currency trading. Richard's role as an editor ensures that the information presented is not only accurate but also presented in a manner that resonates with traders seeking clarity in making better decision.

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