2025 Taiwan Forex Trading Platform Complete Guide | In-Depth Review of Seven Major Brokers and Tips for Choosing

Forex Broker Operation Logic and Classification

Before entering the forex market, understanding how brokers operate is crucial. Forex brokers act as intermediaries, connecting retail investors with the global currency trading market, providing retail clients access to the 24-hour forex market.

Unlike banks that only offer major currency exchange services, forex brokers can offer trading opportunities for over 100 currency pairs, allowing traders to seek profits on more volatile currency pairs.

According to order execution modes, brokers are mainly divided into two categories:

Dealing Desk (DD) Model: Brokers act as counterparties, profiting from the bid-ask spread. These brokers typically keep client orders within an internal liquidity pool, enabling quick order execution but requiring full trust. The broker’s profit comes from opposite bets against traders’ orders—when clients profit, the broker loses, and vice versa. Although there is a conflict of interest, this model is permitted by regulators due to its high order execution efficiency.

No Dealing Desk (NDD) Model: This category is further divided into STP and ECN. STP brokers receive quotes from multiple liquidity providers and add a commission before passing them to clients; ECN brokers provide direct, transparent quotes and charge a trading commission. These brokers profit from trading volume—regardless of whether clients profit or lose, frequent trading ensures continuous earnings.

Six Core Criteria for Choosing a Forex Trading Platform

When selecting a broker, the following six aspects should be key considerations:

1. Trading Cost Structure: Not only look at spreads and commissions but also watch for hidden costs such as withdrawal fees and account inactivity fees. Some platforms charge monthly fees if unused annually, which are often overlooked.

2. Regulation Licenses and Security: This is the most important aspect. Brokers regulated by reputable financial authorities must comply with industry standards and can be reported to regulators if issues arise. Verify whether the broker’s website clearly displays the regulator’s name, license number, and official verification methods. If a broker cannot provide regulatory information, it should be considered a red flag.

3. Range of Trading Products: Confirm whether the platform offers the trading instruments you are interested in—number of forex pairs, coverage of precious metals, crude oil, indices, cryptocurrencies, etc.

4. Deposit and Withdrawal Convenience: Payment methods, fees, processing speed, and whether they support direct NTD (New Taiwan Dollar) deposits and withdrawals (especially important for Taiwanese investors).

5. Trading Platform Experience: Platform features, tool completeness, and customization options. Beginners should choose intuitive platforms, while professional traders focus on advanced analysis tools.

6. Customer Service Quality: The ability to receive timely and effective support when trading is slow or issues occur is critical.

2025 Taiwan Forex Trading Platform Rankings

Below are seven well-served forex brokers in Taiwan, covering different trading needs:

Yuanta Futures: Taiwan’s Leading Local Broker

Yuanta Futures obtained a leverage trader license in 2017, becoming Taiwan’s first licensed futures broker, regulated by the Taiwan FSC Securities and Futures Bureau. The platform offers MetaTrader 5, currently listing 35 forex pairs.

Its advantage lies in offering 0 spread on forex, metals, and oil, while charging 0.01% to 0.1% for overseas indices and stocks. Trading size is flexible (minimum 0.01 lot), with up to 30x leverage for two-way trading and no overnight fees. USD deposits and withdrawals have no minimum amount, only requiring margin considerations for trading instruments. Trading hours are Monday to Friday, GMT+8, 05:05 to 05:00 next day (winter time adjusted to 06:05–06:00).

Suitable for investors preferring Taiwan’s local regulation.

Mitrade: Beginner-Friendly All-in-One Platform

Mitrade was founded in Australia, regulated by ASIC and CIMA, with millions of users worldwide. The platform develops its own trading system, emphasizing simplicity and ease of use, especially suitable for beginners. Highlights include negative balance protection—regardless of market conditions, protected investors’ accounts cannot lose more than their principal.

Trading features include flexible leverage (1x to 200x), zero commissions, floating spreads, starting from 0.01 lot. Key is support for NTD deposits and withdrawals, with a minimum of $50 USD to start trading. Offers 24/5 Chinese customer service and a demo account with $50,000 for practice.

Trading hours are 24 hours, supporting multiple withdrawal methods (Skrill, Poli, Visa, Mastercard, wire transfer), with free monthly withdrawals.

Suitable for: novice retail investors valuing Chinese language support and NTD convenience.

Yuanta Leverage Trader: Taiwan FSC Approved

Yuanta Futures is regulated by Taiwan FSC and the Central Bank OTC Center, offering Nano Trading King platform. Forex pairs include 12 currencies, with stocks and indices also available. The platform charges floating spreads and overnight fees, with overseas indices incurring 0.01% to 0.50% fees (minimum $5 USD). Leverage varies between 20x and 30x depending on currency pairs, with two-way trading. USD deposits and withdrawals are fee-free via Cathay United Bank, Taishin Bank, and CTBC Bank. 24-hour trading.

Suitable for: advanced traders who prefer Taiwan’s local regulation and transparent fee structures.

Far Eastern Bank Forex: Traditional Banking Service

Far Eastern International Bank offers forex margin trading, with 56 branches. Account opening requires a minimum of $10,000 USD. Major currency pairs have fixed 5 pip spreads (or adjusted per market), other pairs are calculated based on market conditions, with overnight fees. Provides fixed 20x leverage for two-way trading.

24-hour trading.

Suitable for: conservative investors seeking traditional bank backing and ample funds.

IG: Long-Established Global Brand

IG was founded in London in 1974, making it the oldest forex broker. Regulated by ASIC, part of the FTSE 250 companies on the London Stock Exchange. Offers thousands of financial markets, with offices in 17 countries. Develops advanced proprietary trading platforms and apps.

Leverage up to 200x, spreads from 0.6 on major currency pairs, with overnight fees. No account opening fee, but a monthly fee of 18 AUD if inactive for over 2 years. Debit and credit card withdrawals have minimum amounts ($150 USD).

24-hour market trading (Monday 04:00 to Saturday 05:00).

Suitable for: professional traders seeking international brand recognition and extensive product offerings.

IC Markets: ECN Broker with Extreme Leverage

IC Markets is an ECN platform established in Sydney, Australia, in 2007, regulated by ASIC. Offers over 61 forex pairs, plus stocks, crypto, indices, metals, oil, bonds, etc.

Its main feature is leverage up to 1000x (use cautiously). Uses floating spreads, with low commissions depending on account type. Minimum deposit is $200 USD, with no withdrawal fees. Accepts multiple currencies including USD and EUR. Trading hours are server time 00:01–23:59 (Friday until 23:57).

Suitable for: experienced professional traders seeking maximum leverage and transparent ECN structure.

CMC Markets: London-Listed Global Benchmark

CMC Markets is listed on the London Stock Exchange, regulated by FCA, ASIC, FMA, and others. Offers nearly 12,000 products, including indices, stocks, forex, bonds, and CFDs.

Highly customizable platform with powerful, intuitive features. Leverage up to 500x, trading costs include spreads (from 0.7 points for AUD/USD, EUR/USD; from 0.9 points for GBP/USD, EUR/GBP), commissions, and holding costs. Funding is only via international bank transfer; dormant accounts (no trading for a year) incur a monthly fee of $15 USD.

Operates 24 hours from Sunday evening to Friday evening.

Suitable for: institutional-level investors and professionals confident in multiple global regulatory environments.

Platform Recommendations for Different Traders

Beginners: Prioritize Mitrade. Supports NTD deposits/withdrawals, negative balance protection, simple platform design, low $50 USD minimum, free demo account—eliminating common beginner concerns.

Intermediate Retail Traders: Can choose among Yuanta Futures, Yuanta Leverage Trader, and IG. The first two are locally regulated in Taiwan; IG offers a broader product line and international brand backing.

Professional Traders: IC Markets (extreme leverage + transparent ECN) or CMC Markets (global regulation + extensive products).

Conservative Investors: Far Eastern Bank Forex offers traditional bank security, or choose large regulated platforms like IG.

Forex Broker Account Opening Process (Using Mitrade as Example)

Step 1 - Register: Fill in personal information and submit the application, completed entirely online.

Step 2 - Deposit: Quickly fund via Skrill, Poli, Visa, Mastercard, wire transfer, etc. NTD users can transfer directly.

Step 3 - Trade: Immediately place orders on popular global instruments, including EUR/USD, gold, oil, cryptocurrencies, and global stock indices.

The entire process is simple and efficient.

How to Verify Broker Regulation Authenticity

Every regulated broker has a unique license number. Verification steps:

1. Visit the broker’s official website, find the “About Us” or “Regulatory Information” section.
2. Record the regulator’s name, license number, and official website.
3. Directly visit the regulator’s official website for verification.
4. If a broker cannot provide clear regulatory information, consider it a warning.

For example, Mitrade clearly displays its ASIC license, CIMA authorization, and SIB license on its website, making independent verification straightforward.

Why Regulation Licenses Are Critical

Regulated brokers must adhere to strict industry standards, ensuring a fair and transparent trading environment. If traders are dissatisfied or suspect fraud, they can file complaints with regulators.

In contrast, unregulated brokers leave investors without recourse—if funds are at risk, recovery may be impossible. Therefore, choosing brokers regulated by authoritative financial institutions (such as ASIC, FCA, Taiwan FSC) is the fundamental risk mitigation step.

Broker Profit Sources and Transparency Considerations

Dealing Desk (DD) Profit Logic: Profits come from bid-ask spreads or from acting as counterparties, profiting from the difference or from opposite bets against traders’ positions. This means when clients lose, brokers gain, creating potential conflicts of interest. However, due to fast execution, regulators permit this model if the broker holds a legitimate license.

NDD Broker Profit Logic: STP models add a markup to quotes from multiple liquidity providers; ECN models provide direct, transparent quotes and charge commissions. These brokers profit from high trading volumes regardless of client profits or losses, incentivizing high-frequency trading.

All legitimate brokers must hold authoritative regulatory licenses to operate legally.

Final Advice for Choosing a Forex Trading Platform in 2025

Taiwanese investors should focus on: the authenticity of regulation licenses, ease of deposit/withdrawal (especially NTD support), platform usability and customer service quality, transparency of hidden costs, and alignment with personal trading habits and risk tolerance.

Each of the seven brokers has its own strengths; the key is to select the most suitable platform based on individual needs, capital size, trading frequency, and risk appetite. It is recommended to first test platforms via free demo accounts, confirm satisfaction, then invest real funds.