2025 Taiwan Forex Trading Market Complete Guide: In-Depth Benchmark Analysis of 7 Major Brokers

Looking to try your hand in the Forex market but don’t know where to start? Choosing the wrong platform can directly impact your trading experience and profits. This article analyzes seven mainstream Forex brokers operating in Taiwan, helping you quickly identify the trading partner that best suits your needs.

Taiwan Forex Broker Comprehensive Evaluation Table

Detailed Analysis of the Seven Major Platforms

Yuanta Futures: The Local Compliance First Choice

As Taiwan’s first futures broker licensed for leverage trading (obtained in 2017), Yuanta Futures inherently benefits from regulatory oversight. The platform operates on MetaTrader 5, supporting 35 Forex currency pairs.

Core Advantages:

• Local regulation ensures fund safety
• Forex and precious metals offered with 0 pip spreads
• Minimum trading lot size of 0.01 lots, high flexibility
• No overnight fee design, lower long-term holding costs

Trading Details:

• General clients: leverage 20x~30x, professional clients can apply for higher
• Foreign indices and stocks: 0.01%~0.1% transaction fee
• Trading hours: Monday to Friday, GMT+8 05:05~next day 05:00 (winter time changed to 06:05~06:00)
• No minimum deposit, but margin is calculated per traded instrument

Suitable for: Local traders, risk-averse investors, long-term holders

Mitrade: Beginner-Friendly Textbook

With an Australian background and millions of users, Mitrade performs outstandingly in the Asian market, winning awards such as Best Forex Broker in Asia 2022 and Best Mobile Trading Platform 2023.

Core Advantages:

• Self-developed trading platform with a simple, user-friendly interface
• Supports NTD deposits and withdrawals, local experience
• Negative balance protection mechanism, risk controllable
• 24-hour Chinese customer service, friendly to beginners

Trading Details:

• Leverage highly flexible, choose from 1x~200x
• Open trading with just $50 USD, lowest entry barrier
• 59 tradable assets covering Forex, stocks, cryptocurrencies
• Register and receive $50,000 demo funds for practice

Suitable for: Beginners, small investors, those wanting to test waters

KGI Leverage Trader: Fully Licensed Local Operation

Regulated by Taiwan FSC and the Central Bank, KGI Futures also stands at the forefront of compliance. The Nano Trading King platform offers 12 Forex currency pairs.

Core Advantages:

• Dual local regulation, high fund security
• Transparent floating spread + overnight fee model
• Some products with minimum fees as low as $5 USD
• Clear overseas index fee range (0.01%~0.50%)

Trading Details:

• Leverage: 20x or 30x (depending on currency pair)
• 24-hour trading, all-weather market participation
• Withdrawals fee-free using Cathay United Bank, Taishin Bank, CTBC Bank

Suitable for: Domestic investors, those seeking transparent regulation, moderate capital traders

Far Eastern Bank Forex: Traditional Bank Option

Forex margin service under Far Eastern International Bank, supported by 56 branches. Higher entry thresholds, suitable for well-funded traders.

Core Advantages:

• Commercial bank background, high credit rating
• Fixed 20x leverage, clear risk parameters
• No commission, only spreads + overnight fee

Trading Limitations:

• Minimum account opening of $10,000 USD, high entry barrier
• Limited to 15 Forex pairs
• Major currency pairs: spreads from 5 pips, higher costs

Suitable for: Large capital traders, those valuing bank credit

IG: The Oldest Global Giant

Founded in London in 1974, IG is a “living fossil” in Forex trading, listed on the London Stock Exchange (LSE), with offices in 17 countries.

Core Advantages:

• Over 12,000 financial products, richest asset variety
• Advanced self-developed platform and app
• Up to 200x leverage, ideal for aggressive traders
• Popular currency pairs with spreads from 0.6

Trading Limitations:

• Free account opening, but trading involves overnight fees, guaranteed stop-loss premiums
• Dormant account fee of AUD 18/month if unused for 2 years
• Minimum withdrawal: USD 150, HKD 1250

Suitable for: Experienced traders, diversified asset allocators

( IC Markets: ECN Low Spread King

Founded in Australia in 2007, IC Markets is renowned for ultra-low spreads in the industry.

Core Advantages:

• Leverage up to 1000x, highly aggressive
• ECN straight-through processing, lowest spreads
• 61+ trading assets, including bonds and derivatives
• Accepts USD, EUR, and other international currencies

Trading Limitations:

• Minimum deposit of $200 USD
• Low commission charges (depending on account type)
• Trading hours limited: server time 00:01~23:59 (Friday 23:57 cutoff)

Suitable for: Short-term traders, spread-sensitive investors, professional teams

) CMC Markets: Multi-Regulation Security

Listed on the London Stock Exchange, regulated by FCA, ASIC, FMA, among others, ensuring industry-leading safety.

Core Advantages:

• Nearly 12,000 CFD products available
• Up to 500x leverage
• Customizable trading platform with powerful features
• Multiple international regulatory endorsements

Trading Limitations:

• Deposits only via bank wire transfer
• AUD/USD, EUR/USD spreads from 0.7; GBP/USD, EUR/GBP from 0.9
• Dormant account fee of USD 15/month if inactive for 1 year
• No support for TWD deposits/withdrawals

Suitable for: Institutional investors, cross-border traders, risk managers

How Forex Brokers Operate: Dissecting the Logic

Dealing Desk (DD) Market Maker Model

These brokers act as your counterparty. When you place a buy order, the broker sells in reverse. They profit from the bid-ask spread and betting against traders’ losses. Why is this allowed under regulation? Because fast execution can offer better prices to clients. But always verify the license authenticity.

Broker Profit Logic: Spread + client losses in reverse

No Dealing Desk (NDD) Model

Divided into STP and ECN subcategories.

STP: Aggregates quotes from multiple liquidity providers, charges a commission per lot
ECN: Direct market access, no price modification, only transaction commissions

These brokers want you to trade frequently, as higher volume means more profit. Whether you profit or lose, active trading generates commissions.

Broker Profit Logic: Trading commissions + volume-based rebates

Six Core Indicators for Choosing a Forex Broker

1. Trading Cost Breakdown
Spread, commission, overnight fee, withdrawal fee, inactivity fee—each eats into your profits. Include hidden costs in comparison.

2. Asset Coverage Breadth
If the platform doesn’t support your desired currencies or assets, even cheap prices are useless. Confirm whether your trading list is supported.

3. Trading Platform & Tools
Ease of use directly impacts execution efficiency. Most platforms support customization; find a tool that suits you for better results.

4. Deposit & Withdrawal Convenience
Support for direct TWD deposits, withdrawal speed, fees—these details affect capital flow efficiency.

5. Fund Security Measures
Verify regulatory authority (ASIC, FCA, FSB, etc.), check license numbers, confirm segregated accounts, understand insurance levels.

6. Customer Service Response Speed
When trading stalls, withdrawals face issues, or platform malfunctions, 24-hour Chinese customer service is invaluable.

Platform Matching for Different Traders

Super Beginner? → Mitrade ($50, supports TWD, friendly interface)

Prioritize Local Regulation? → Yuanta Futures or KGI (dual local regulation)

Aggressive Short-term Trader? → IC Markets (1000x leverage, ultra-low spreads)

Asset Allocator? → CMC Markets or IG (thousands of products, multiple regulation endorsements)

Large Professional Institution? → CMC Markets (institutional features, international recognition)

Practical Guide to Opening a Forex Account

Taking Mitrade as an example, the entire online process takes only 3 steps:

Step 1: Register an Account
Fill in basic info, submit application, verify identity documents

Step 2: Deposit Funds
Supports Skrill, Poli, Visa, MasterCard, wire transfer, quick deposit

Step 3: Start Trading
Place orders on EUR/USD, Gold, Crude Oil, Cryptocurrencies, Global Indices, and more

The whole process takes no more than 15 minutes, and you can start trading immediately.

Frequently Asked Questions

Q: Why must I choose a regulated Forex broker?

Brokers regulated by authoritative financial institutions (ASIC, FCA, FSB) must adhere to strict standards, ensuring fair trading. Most importantly—if disputes or fraud occur, you have a legal channel to complain to the regulator. Unregulated platforms leave you with no recourse.

Q: How to verify a broker’s regulation authenticity?

Every regulated broker holds a unique license number. Legitimate platforms publish these details on their “About Us” or “Regulatory Info” sections. You can verify directly on the regulator’s website. For example, Mitrade publishes ASIC license numbers, CIMA authorization, etc., for easy verification.

If a broker hides or refuses to disclose regulation info, that’s a red flag.

Q: How does a Forex broker make money?

Market Maker (DD): Reverse betting against your losses + bid-ask spread
STP/ECN: Transaction fees + volume rebates

In either case, brokers want active traders. That’s why most platforms offer low entry barriers and high leverage—attracting beginners and encouraging frequent trading.