2025 Taiwan Traders Must-Know Forex Trading Platform In-Depth Comparison Guide

Before entering the Forex market, choosing the right Forex trading platform is crucial. Different platforms vary in leverage ratios, trading costs, and regulatory qualifications. This article highlights 7 safe Forex brokers in Taiwan to help traders quickly find the best trading partner.

Basic Knowledge of Forex Brokers

Before comparing platforms in detail, first understand what a Forex broker is.

A Forex broker is a bridge connecting retail investors to the global Forex market. Similar to stock brokers, Forex brokers provide trading platforms, liquidity, and settlement services, allowing individual investors to access the 24-hour currency trading market. Unlike traditional banks that only offer a few major currency exchanges, Forex brokers typically offer over 100 currency pairs for trading.

Two main operating models

Forex brokers are divided into two categories based on order execution methods:

Dealing Desk (DD) model: The broker acts as the counterparty, setting fixed bid and ask prices, earning profit from the spread. These brokers usually handle orders within their internal liquidity pools, offering fast execution but requiring traders to fully trust the broker’s operational compliance.

No Dealing Desk (NDD) model: Further divided into STP and ECN. Brokers send orders directly to the Forex market or liquidity providers, with traders seeing real-time quotes from global banks. This model offers lower spreads but usually charges commissions.

Comparison and Analysis of 7 Major Forex Trading Platforms

Platform Overview Table

Detailed Platform Descriptions

1. Yuanta Futures - A Localized Professional Choice in Taiwan

As Taiwan’s first futures broker licensed for leverage trading (2017), Yuanta Futures has advantages under local regulation. The platform offers MetaTrader 5, supporting 35 Forex currency pairs.

Key highlights: No minimum deposit but recommended over $10,000 USD; spreads on Forex, precious metals, crude oil at 0; minimum lot size 0.01; tailored to Taiwanese trading habits.

Disadvantages: Overseas indices and stocks incur 0.01%-0.1% handling fees; no direct TWD deposit/withdrawal.

Suitable for: Traders familiar with Taiwan’s local regulation seeking stability.

2. Mitrade - A Friendly Platform for Beginners

Founded in Australia and regulated by ASIC, Mitrade has over one million users worldwide. The platform is self-developed, with a simple, user-friendly interface, ideal for beginners.

Key highlights: Supports direct TWD deposits/withdrawals; flexible leverage (1x-200x); very low minimum deposit ($50 USD); offers negative balance protection; 24/5 Chinese customer support; free demo account with $50,000 practice funds.

Trading costs: Zero commission, floating spreads, minimum 0.01 lot per trade; monthly free withdrawal quota.

Suitable for: Newcomers to Forex, small-scale testing, or risk-conscious traders.

3. Yuanta Leverage Broker - A Diversified Choice with Local Regulation

Regulated by the Financial Supervisory Commission and Central Bank, Yuanta offers 12 Forex currency pairs and various commodities. Known as “Nano Trading King,” it charges floating spreads plus overnight fees.

Key highlights: Official Taiwanese regulation; fund safety assured; transparent overseas index fees (0.01%-0.5%); some commodities have minimum per-trade fees of $5 USD.

Disadvantages: Limited Forex products (12 pairs); no TWD deposit/withdrawal support.

Suitable for: Taiwanese traders preferring local regulation and safety.

4. Far Eastern Bank Forex - An Option Backed by a Traditional Bank

Provided by Far Eastern Commercial Bank, with 56 branches, representing banking system credibility. Higher thresholds (over $10,000 USD); trading costs fluctuate with market conditions.

Key highlights: Bank-backed credibility; physical branches for service.

Disadvantages: High account opening amount (about 2-3 times overseas brokers); fixed spreads around 5 points; lacks transparent fee structure.

Suitable for: Well-funded, conservative traders preferring traditional banking background.

5. IG - A Long-Established Global Broker

Founded in London in 1974, part of the FTSE 250, with offices in 17 countries. Offers thousands of financial markets with a powerful proprietary platform.

Key highlights: Up to 200x leverage; major currency spreads from 0.6; extensive product range (stocks, crypto, indices, bonds); customizable platform features.

Costs: No account opening fee; overnight and idle fees (monthly AUD 18 if inactive for 2 years); withdrawals have minimum amounts (USD 150, HKD 1250).

Suitable for: Experienced traders and professional investors needing diverse trading tools.

6. IC Markets - Ultra-High Leverage and Low Costs

An Australian ECN broker established in 2007 with rich financial experience. Offers industry-leading leverage (up to 1000x).

Key highlights: Leverage from 1-1000x; 61+ assets; very low floating spreads; supports USD, EUR, and other currencies for deposits.

Disadvantages: Charges commissions; no free withdrawals.

Suitable for: Advanced traders with high leverage needs, low spread preferences, or institutional investors.

7. CMC Markets - A Global Platform Listed on the Stock Exchange

Listed on the London Stock Exchange, regulated by FCA, ASIC, FMA, among others. Offers nearly 12,000 CFD products—the most diverse.

Key highlights: Corporate transparency and high regulation; one-stop trading for stocks, Forex, indices, bonds; intuitive, powerful platform; up to 500x leverage.

Costs: Floating spreads (AUD/USD from 0.7 points); commissions and holding costs; bank wire deposits only; $15 monthly fee if no trading for a year.

Suitable for: Institutional investors and professional traders requiring multi-asset allocation.

Core Factors When Choosing a Forex Trading Platform

Traders should focus on these aspects when evaluating platforms:

Trading Cost Structure: Not just spreads and commissions; watch for hidden fees like withdrawal charges, inactivity fees, overnight interest, etc.

Regulation and Licensing: Verify whether the platform holds authoritative financial licenses (e.g., ASIC, FCA) by checking official regulator websites. Lack of regulation entails high risk.

Product Range: Ensure the platform offers the trading instruments aligned with your investment preferences (Forex, commodities, crypto, indices, etc.).

Deposit and Withdrawal Convenience: Check methods, fees, and limits to meet your needs. For Taiwanese traders, prioritize platforms supporting TWD deposits/withdrawals.

Trading Platform Experience: Test platform stability, charting tools, order execution speed, and customization options.

Customer Service: Ensure timely, effective support, especially availability of Chinese-language customer service.

How Forex Brokers Make Profits

Understanding brokers’ profit models helps assess their motives and potential conflicts of interest:

Dealing Desk (DD) brokers: Profit from the bid-ask spread; essentially opposite to traders. When traders profit, the broker loses. Although regulated brokers can operate this way, traders should choose reputable licensed firms.

No Dealing Desk (NDD) brokers: Charge commissions or markups on spreads. They profit regardless of trader outcomes, incentivizing frequent trading.

Most modern brokers adopt a hybrid model—charging both spreads and commissions—only if they hold proper licenses.

Quick Account Opening Guide

Taking Mitrade as an example, the process is simple:

Step 1: Online Registration
Fill in personal information and submit the application via the website.

Step 2: Deposit Funds
Use various methods (credit/debit card, bank transfer, third-party payment) to quickly fund your account.

Step 3: Start Trading
Download the trading app or log in via web; trade popular instruments like EUR/USD, gold, crude oil, crypto, and global stock indices.

Frequently Asked Questions

Why must I choose a regulated platform?

Regulated brokers are required to follow strict operational standards, ensuring fairness and transparency. You can file complaints with regulatory authorities if disputes arise. Unregulated platforms offer no recourse.

How to verify a platform’s regulation license?

Regulated platforms have unique license numbers and should display regulatory information (regulator name, license number, official website) on their official site. You can verify directly on the regulator’s website. If a platform cannot clearly show regulation info or refuses to answer, it’s a red flag.

What type of platform should Taiwanese traders prioritize?

Taiwanese traders should consider:

• Platforms supporting TWD deposits/withdrawals (e.g., Mitrade) for convenience
• Locally regulated platforms (e.g., Yuanta Futures, Yuanta Leverage Broker) for fund safety
• International regulated brands (e.g., IG, IC Markets) for diverse products and robust infrastructure

Regardless of choice, verifying regulatory qualification is the fundamental requirement.