2025 Taiwan Forex Trading Platform Overview | In-Depth Evaluation of 7 Licensed Brokers

Foreign Exchange Trading Platform Selection Difficult? This article summarizes detailed information on 7 regulated trading brokers in the Taiwan market, covering key indicators such as leverage settings, trading costs, deposit and withdrawal convenience, helping you quickly filter the most suitable trading partner.

Overview Table: Taiwan Forex Trading Platform Benchmark Analysis

Data sourced from official websites of each platform; specific trading details are subject to current platform regulations.

Analysis of 7 Licensed Brokers

Yuanta Futures: Taiwan’s Local Choice

As the first futures broker in Taiwan licensed for leverage trading (obtained license in 2017), Yuanta Futures has impeccable regulatory compliance. Its MetaTrader 5 platform supports 35 Forex pairs, offering zero spread on Forex, precious metals, and crude oil.

Core Advantages:

• Regulated by Taiwan FSB, ensuring fund safety
• Minimum trading size of 0.01 lot, suitable for small-scale testing
• Up to 30x leverage, competitive among domestic futures brokers
• Clear trading hours (Monday to Friday, winter hours 06:05-06:00 next day)

Cost Considerations:

• No minimum deposit, but actual trading adjusts margin per product
• USD deposits/withdrawals only, no TWD support
• Can be combined with Yuanta Bank or Cathay United Bank to reduce fees

Mitrade: Beginner-Friendly Platform

Founded in Australia, Mitrade has accumulated millions of users worldwide and has received multiple awards as Asia’s Best Forex Trading Platform. Its self-developed trading system is optimized for beginners, with simple and intuitive operation logic.

Highlights:

• Wide leverage range (1x-200x), allowing beginners to trade conservatively
• Supports TWD deposits/withdrawals, fully localized service
• Open a trade with just $50 USD, very low threshold
• Negative balance protection, more comprehensive risk management
• 24/7 Chinese customer support

Trading Costs:

• Zero commission, fees included in floating spreads
• Monthly free withdrawal quota
• New users receive $50,000 USD demo funds for practice

Suitable for: Beginners needing TWD deposit/withdrawal and seeking low-leverage conservative trading

KGI Leverage Broker: Domestic Regulatory Confidence

KGI Futures is regulated by both FSC and the Central Bank, offering 12 major Forex pairs. The Nano Trading King platform supports floating spreads and overnight fees.

Key Features:

• Dual regulation (FSC + Central Bank), high fund security
• Leverage options of 20x and 30x, moderate risk
• Partnered with Cathay United Bank, Taishin Bank, CCB, with free withdrawals
• Some products have a minimum fee of $5 USD per trade

Cost Structure:

• Floating spreads + overnight fees
• Overseas indices incur 0.01%-0.50% fee
• USD deposits/withdrawals mainly supported

Far Eastern Bank Forex: Traditional Bank Option

Far Eastern International Bank, a well-established Taiwanese commercial bank with 56 branches, offers margin Forex trading services.

Main Features:

• Fixed 20x leverage, clear risk setting
• Higher account opening threshold (over $10,000 USD), suitable for well-funded traders
• Major currency pairs have spreads of 5 pips, approximately 2-3 times higher than overseas brokers
• Bank license guarantees, high credit rating

Suitable for: Conservative traders prioritizing safety over low costs

IG: Global Veteran

Founded in London in 1974, IG has a 50-year history, is part of the FTSE 250, with a global presence in 17 countries. Its self-developed platform and app are feature-rich.

Core Advantages:

• Up to 200x leverage, supporting over 100 Forex pairs
• Regulated by ASIC, high international recognition
• Offers thousands of financial markets (stocks, crypto, indices, etc.)
• Major currency pairs spreads as low as 0.6 points

Cost Notes:

• No account opening fee, but overnight and platform service fees apply
• Inactive accounts over 2 years are charged $18 AUD monthly
• Withdrawal limits vary by currency (minimum $150 USD for USD)

Trading Hours: Nearly 24/5 trading, open from 04:00 Monday to 05:00 Saturday

IC Markets: Extreme Leverage Player

IC Markets is an ECN forex trading platform established in Sydney, Australia in 2007, offering 61+ trading assets.

Positioning:

• Industry-high leverage (1:1000), ideal for traders seeking maximum gains
• ECN direct liquidity provider, high transparency
• Floating spreads + low commission, suitable for frequent traders
• Supports USD, EUR, and other deposit currencies

Trading Hours: Server time 00:01-23:59 daily (Friday until 23:57)

CMC Markets: Institutional-Level Service

CMC Markets, listed on the London Stock Exchange, regulated by FCA, ASIC, FMA, etc., offers nearly 12,000 CFD products.

Competitive Edges:

• Up to 500x leverage, institutional-grade trading tools
• Fully customizable trading platform, intuitive and powerful
• Backed by multiple regulators, transparent governance

Cost Structure:

• Spreads vary by currency pair: AUD/USD and EUR/USD from 0.7 points; GBP/USD and EUR/GBP from 0.9 points
• Charges commissions and holding costs
• $15 AUD monthly inactivity fee for dormant accounts over 1 year
• Only supports bank wire transfers

How Forex Trading Platforms Operate

How does the Market Maker (DD) model work?

Market maker brokers act as counterparties to traders, quoting fixed buy and sell prices, waiting for traders to place orders. Their profit logic: buy low, sell high, profit from the spread and traders’ losing orders.

When no matching orders are available, traders’ buy orders become the broker’s sell orders, with the broker automatically acting as counterparty. This mode offers fast execution but requires traders to trust the broker’s integrity.

Advantages of No Market Maker (NDD)

NDD brokers do not act as counterparties but send traders’ orders directly to the market, matching with liquidity providers. Traders see real-time quotes from global banks, and the execution price is the final.

NDD is further divided into STP and ECN:

• STP: Aggregates quotes from multiple liquidity providers, adding a small commission
• ECN: Passes through quotes without modification, charges a commission, highest transparency

No market maker brokers prefer high-frequency trading, as they profit from trading volume regardless of traders’ gains or losses.

How to Choose a Reliable Trading Platform

1. Comprehensive Evaluation of Trading Costs

“Zero commission” may hide overnight fees, withdrawal fees, inactivity charges, etc. Focus on:

• Spread variability
• Overnight financing costs
• Deposit/withdrawal fees and limits
• Long-term account inactivity charges

2. Asset Coverage and Liquidity

Ensure the platform offers assets matching your trading needs. Large brokers like IG, CMC Markets provide 12,000+ products, smaller platforms may only have 50-100. Sufficient liquidity ensures smooth execution.

3. Trading Platform Experience

Test the platform yourself, evaluate:

• Order execution speed and stability
• Completeness of chart analysis tools
• Mobile app features
• Customization options

Many platforms offer demo accounts for risk-free practice before real trading.

4. Deposit and Withdrawal Convenience

Check supported methods, fees, processing times:

• Support for local currency (TWD)
• Minimum withdrawal amounts
• Processing time for withdrawals
• Free withdrawal quotas

Taiwan traders should prioritize platforms supporting TWD deposits/withdrawals (e.g., Mitrade).

5. Regulatory License Verification

Forex platforms must hold licenses issued by local financial regulators, such as:

• ASIC (Australia)
• FCA (UK)
• FSB (Taiwan Securities and Futures Bureau)
• Financial Supervisory Commission (Taiwan)

Verification method: Visit the platform’s “About Us” or “Regulatory Info” page, find the license number, and verify on the regulator’s official website. A genuine license displays company name, validity period, scope of permitted activities. If not found or verification fails, proceed with caution.

6. Customer Service Responsiveness

Test customer support:

• 24/7 support availability
• Chinese language support
• Response speed and issue resolution
• Availability of FAQ, tutorials, self-help resources

Practical Account Opening Guide

Taking Mitrade as an example, the process generally involves three steps:

Step 1: Online Registration Fill in personal info (name, email, phone, etc.), submit application. The platform sends a verification email; click to confirm.

Step 2: Deposit Funds Choose deposit method (credit card, e-wallet, bank transfer), follow prompts. You can start trading with just $50 USD, or deposit larger amounts.

Step 3: Start Trading After deposit confirmation, you can place orders for Forex, gold, oil, cryptocurrencies, etc. It is recommended to practice with a demo account first, then trade with real funds.

Frequently Asked Questions

Q1: Why must I choose a licensed trading platform?

Platforms authorized by reputable regulators (ASIC, FCA, FSB, etc.) must comply with strict operational standards, including fund segregation, regular audits, risk management. In case of disputes, regulators can intervene. Unlicensed platforms may run away with funds, risking total loss.

Q2: How to verify the authenticity of a platform’s license?

Visit the platform’s official website, locate the “Regulatory Info” page, note the license number. Then visit the regulator’s official site (e.g., ASIC), use their license verification tool to confirm. A genuine license shows company name, validity period, scope of license.

Q3: How do brokers profit from customer trading?

Market Maker Profit: By betting against traders’ losing orders. When traders lose, the platform profits; when traders win, the platform loses. Due to many losing traders, the platform can sustain long-term profits.

No Market Maker Profit: From spreads or commissions per trade. Regardless of traders’ gains or losses, the platform profits from trading volume. These platforms prefer high-frequency traders.

In any case, platforms must be licensed to operate legally. Many adopt hybrid models, using both profit methods simultaneously.

Recommendations for Selection

Different traders should prioritize based on their needs:

Beginners: Prefer Mitrade (low deposit, TWD support, 24/7 Chinese support, negative balance protection)

Risk-Averse: Prefer domestic regulated platforms (Yuanta Futures, KGI Leverage Broker) or established institutions (IG, CMC Markets)

Professional Traders: Prefer ECN platforms (IC Markets with high leverage) or feature-rich platforms (CMC Markets with institutional tools)

Cost-Conscious: Compare spreads and overnight fees, choose low-leverage platforms (Mitrade with 1x leverage to reduce risk)

The 24-hour Forex market opening means choosing the right platform is key to profitability. It is recommended to start with a demo account before trading with real funds.