Forex trading is getting popular day and day. And with the increasing of popularity, demand of reliable forex broker is also increasing. If you are looking for a forex broker in Asia, you are in the right place. Before you make your broker decision, make sure to check out our lists of Asian Forex Brokers. These brokers have been carefully selected based on their reputation, fees, features, and more. Before checking the broker lists, let's have a look what you should consider before selecting a forex broker.
How To Choose Forex Brokers In Asia
When it comes to choosing a forex broker in Asia, there are many factors you need to consider. But with so many brokers out there, how do you know which one is right for you? In this blog post, we will list the best forex brokers in Asia and discuss what makes them stand out from the competition.
Here are some things to look for when choosing a forex broker in Asia:
Reputation: Make sure the broker you are considering is reputable and has a good track record. You can check online forums and review sites to get an idea of what other traders have said about their experience with the broker.
Trading Platforms: Does the broker offer the trading platforms you are looking for? Make sure to check out the features of each platform and see if it meets your needs.
Assets: What assets can you trade with the broker? Make sure they offer the currency pairs you are interested in.
Fees: How much does the broker charge in fees? Some brokers charge higher fees than others, so make sure to compare their rates before making a decision.
Features: Some brokers offer more features and tools than others. Consider what you need and make sure the broker you choose offers it.
Customer Service: Good customer service is essential when dealing with a forex broker. Make sure the broker you are considering has responsive customer support.
Best Forex Brokers in Asia
In the end, selecting an experienced Forex broker is vital in order to make it when it comes to Forex trading. We've made it simpler by recommending the best Forex Brokers in Asia.
eToro
eToro is the most popular social trading platforms that allow Forex trading. eToro was founded in January 2007, in Tel Aviv, Israel. The powerful tools for trading at eToro will aid you in locating the best brokers that you can replicate and trade profitably.
image credit: eToro
eToro Regulations
eToro is licensed as well as regulated by a variety of regulators around the world:
Cyprus: eToro Europe is under the supervision of the Cyprus Securities & Exchange Commission (CySEC).
United Kingdom: eToro (UK) Ltd is authorized and controlled by the Financial Conduct Authority (FCA).
Australia: eToro AUS Capital Pty Ltd is authorized through the Australian Securities and Investments Commission (ASIC).
USA: eToro USA is managed through eToro USA LLC, registered with FinCEN.
eToro Products
Their products comprise 49 Currency pairs They include 32 Commodities 13 Indices, 2711 stocks 551 Cryptocurrencies and 264 EFTs.
eToro Trading Platforms
They do not have MT4 or MT5 however they have their own Platform as well as an online platform and mobile application.
eToro Cost
The minimum amount for eToro could range from $100-$200.
eToro does not charge charges for deposits. However, withdrawal fees are $5. If you make withdrawals in a different currency that are not USD the client is subject to conversion charges. When it comes to the wire transfer, eToro deposits are instant. The withdrawal time is dependent on the payment method which is employed.
Spreads begin at 1 pip. eToro provides leverage of 1:30 for forex pairs.
Also Read: Best Forex Brokers in Japan 2024
eToro Customer Support
They offer outstanding customer service by email, telephone or call-back, in addition to live chat on the web.
eToro Pros and Cons
Pros
√ Trading with ETFs or stocks is totally no cost.
√ The process of opening a new account is simple.
√ One of the most popular social trading platforms.
Pros
- The quality of customer care has to be improved.
- The base currency of the account isn't the only one.
- Expensive non-trading fee
If you'd like to trade with eToro then you can follow this link:
AvaTrade
AvaTrade is a well-known global forex broker that provides a wide range of trading instruments. AvaTrade was founded in 2006.
image credit: AvaTrade
AvaTrade Regulations
AvaTrade is licensed by and monitored by a variety of regulators around the world:
Europe: Avatrade is regulated by the Central Bank of Ireland and Cyprus Securities and Exchange Commission.
Poland: AvaTrade is regulated by the Polish Financial Supervision Authority.
Australia: AvaTrade is regulated by ASIC in Australia.
AvaTrade Global: AvaTrade is supervised by the British Virgin Islands Financial Services Commission for its international operations.
Japan: AvaTrade is regulated by the Financial Services Agency and Financial Futures Association of Japan.
Middle East: AvaTrade is under the supervision of Financial Regulatory Services Authority (FRSA).
Israel: AvaTrade is regulated by the Israel Securities Authority in Israel.
AvaTrade Trading Platforms
The broker offers a range different trading options that are manual , which include the famous MetaTrader 4. MetaTrader 5. WebTrader, AvaOptions for options trading, as well as AvaTradeGo to trade in the field.
Automated trading is offered by DulpiTrade and ZuluTrade.
AvaTrade Products
They offer 55 Forex pairs, as well as options, 14 cryptocurrency, CFDs of stock of the largest corporations all around the globe, ETF, Bonds, Indices and Commodities. Spreads begin at zero pip and leverage is as high as 1:400.
AvaTrade Cost
AvaTrade is completely free of charges and charges on trading or transactions. Profits are generated through spreads and swaps that are generated from trading. Minimum deposit threshold is $100 of base currency.
If you make a withdrawal to E-wallets or credit cards the minimum amount can be equal to one base currency per account. If you make a bank transfer withdrawal the minimum amount will be 100 bases currencies.
AvaTrade Customer Support
The broker provides live chat support using chatbots and live agents. They also offer WhatsApp assistance and telephone support 24 hours a day. I've looked at their live chat. They are quick in their responses.
AvaTrade Pros & Cons
Pros
√ A wide range of instruments is offered which includes Cryptocurrencies, Stocks, Commodities.
√ Multi-platform trading platform that includes the highly-acclaimed AvaTradeGO application.
√ AvaTrade allows traders to use EAs
√ They compete in terms of spreads and leverage
√ The client's money is stored in separate accounts to provide more security.
√ AvaTrade licenses its services for use in Europe, Australia, Japan, British Virgin Islands, UAE and South Africa.
√ Support from the customer is extremely prompt in responding.
Cons
- AvaTrade does not offer service for Belgium, Brazil, Democratic People's Republic of Korea (DPRK), New Zealand, Turkey, USA.
If you are interested in trading with AvaTrade you can do that by clicking on the link:
Multibank
Multiple is very popular Forex broker in the Asia. Multibank is among the largest forex brokers around the world. It is located in London. Multibank provides a broad variety of currency pairs as well as CFDs to clients who wish to trade.
image credit: Multibank Group
MultiBank Regulations
Multibank has many entities and they are regulated by various reputable regulatory authorities around the world:
Australia: MEX Australia is regulated by the Australian Securities & Investments Commission.
Germany: The broker is regulated by the Federal Financial Supervisory Authority (BAFIN).
Austria: MEX Asset Management GmbH is licensed and regulated by the Financial Markets Authority (FMA).
Cayman Islands: MEX Atlantic Corporation is licensed and managed by CIMA. Cayman Islands Monetary Authority (CIMA).
British Virgin Islands: Multibank FX International Corporation is licensed and regulated by the supervision of the Financial Services Commission of the British Virgin Islands (FSC).
Hong Kong: Red Rock Pay Ltd is licensed and is by Hong Kong Customs and Excise (HKCE).
Singapore: MEX Global Markets PTE. LTD is licensed by Monetary Authority of Singapore (MAS)
Pacific Region: MEX Pacific (V) Ltd is licensed and is regulated by Vanuatu Financial Service Commission (VFSC).
Also Read: Best Forex Brokers in Singapore 2024
Multibank Trading Platforms
Traders are able to select the platform from the range of trading platforms offered by MultiBank Group. They have MetaTrader 4, MetaTrader 5, WebTrader, Social Trading and Mobile App for both android and iOS.
MultiBank Products
MultiBank offers Forex, Metals, Shares, Indices, Commodities and Cryptocurrencies.
MultiBank offers 55 major, cross and foreign currency exchanges and has the lowest spreads. Their EUR/USD spreads begin at 0.0 pip for your ECN account. If you're a enthusiast, MultiBank has Gold, Silver, with 7 cents tightest spreads on Gold, and 3 cents tightest spreads on silver. MultiBank provides CFDs for stocks. They offer 20,000+ shares.
MultiBank offers major indices from across the globe. It is possible to trade the major indexes such as US30, SP500, DE30 and UT100. UK100, AUS200 and more. They offer 16 major commodities through CFDs. Spreads start at zero pip and are lower in margins. Multibank offers Crypto-Fiat pair to trade.
MultiBank provides three kinds of accounts. Standard, Pro, ECN accounts as well as Demo accounts. All types of accounts are compatible with Social Trading.
They also have Islamic account that are suitable for Shares, Crypto, Indices and Commodities. This account can only be used for Standard accounts.
They also have an Mex Sports account exclusively for the MT5 platform.
For Forex Spreads, spreads start at zero on an ECN account and change depending on the type of account you have.
MultiBank offers 1.500 leverage on metals and forex. For shares 1:10, for Indices 1:100, Crypto 1:20.
Want to trade CFD as well? We recommend the following 3 CFD Brokers.
MultiBank Cost
They don't have any commissions on Standard and Pro accounts but for ECN accounts, they are charged $3/lot.
They offer a range of deposit options, including debit and credit cards as well as bank transfers.
The minimum amount for withdrawal is $50 for cards or online and for bank transfers it's $100.
There are no charges for withdrawal or deposit. Time for withdrawal and deposit vary dependent on the payment method because they offer a variety of options.
Read More: Best Forex Brokers in Malaysia 2024
MultiBank Customer Support
Trading demands lots of help from the brokers. Multibank offer 24/7 customer support, which is truly incredible. Support for customers is provided via Whatsapp as well as form filling live chat on the web and a 24/7 telephone call. We found their chat on the web to be extremely fast and efficient.
Multibank Pros & Cons
Pros
√ They provide more than 20,000 assets
√ The spreads are low starting at 0 pip and leverage up to 1:500
√ They have accounts for MAM/PAMM and their own copy trading platform.
√ Multibank offers ECN trading with a high level of liquidity without re-quote.
Cons
- Scalping is not permitted on Multibank
- They are not able to access the education resources
Want to try Multibank? You can do that through the following link:
Pepperstone
Pepperstone is located in Australia, is a Forex broker, provides products that cater to Asian customers. The company was established in the year the year 2010. Initially, they operated their operations from Australia.
image credit: Pepperstone
Pepperstone Regulations
Pepperstone is a multi-licensed forex broker. The broker is controlled by the authorities listed below.
United Kingdom: Pepperstone is licensed and monitored under the supervision of the Financial Conduct Authority (FCA) in the UK.
Australia: The broker is monitored by the Australian Securities and Investments Commission (ASIC).
Dubai: Pepperstone is regulated by the Dubai Financial Services Authority (DFSA).
Pepperstone is also regulated through BaFin, CMA, CySEC and SCB.
Read more: Best Forex Brokers in Dubai 2024
Pepperstone Trading Platforms
Pepperstone provides the MetaTrader 5 and 4, as well as cTrader to facilitate Forex trade in Dubai. MT4 and MT5 feature industry-standard features that all brokers have.
cTrader of Pepperstone gives you the experience that is ideal for institutional trading. cTrader is the best platform for people who are just beginning their journey in trading. It also allows you to fill orders with sophisticated capabilities of cTrader.
Pepperstone also has a social trading capabilities via myfxbook as well as DupliTrade.
Pepperstone Products
Pepperstone offers more than 60 currencies with spreads that are low as well as more than 24 CFD cryptocurrencies CFDs on stocks from AU, US, UK and German shares, ETF CFDs, Index CFDs, as well as Commodities.
Pepperstone offers two types of accounts to Dubai traders. 1. Razor Account 2. Standard Account. The broker provides leverage of 1:500 to Forex trading.
Pepperstone Cost
The initial minimum deposit for Pepperstone is $200. The minimum amount for withdrawal is $20. The deposit nor withdrawal charge, except for the transfer to a bank account.
Standard Account has no commissions however spreads are quite high. On the other hand Razor spreads for accounts start at zero pip, and the commission is $7 for an ordinary lot.
Pepperstone Customer Support
Pepperstone support can be reached anytime, using a variety of methods including e-mail, phone, and live chat. For Live chat, you'll be greeted by an automated chat bot. If the bot isn't in a position to answer your queries then you'll be offered the option to speak to live agents.
Read Full Review of Pepperstone
Pepperstone Pros & Cons
Pros
√ The ability to access over 60 FX pairs.
√ Leverage is available for both Forex trading and cryptocurrency
√ A variety of education tools and courses
√ 24/7 customer service
Cons
- Not available in the USA
- No bonds, stocks or mutual funds.
If you'd like to trade with Pepperstone, You can do so by clicking the following link:
Capital.com
Capital.com is an international online broker that provides forex, CFDs. Capital.com was launched in 2016, with its headquarters located in Cyprus.
image credit: Capital.com
Capital.com Regulations
Capital.com is a licensed multi-national Forex and CFD broker. The broker is licensed by the following authorities:
UK: Capital Com (UK) Limited is licensed and is regulated through the Financial Conduct Authority (FCA).
Belarus: Capital.com is licensed by NBRB (National Bank of the Republic of Belarus).
Cyprus: Capital.com is also subject to the supervision of Cyprus Securities and Exchange Commission (CySEC).
Australia: Capital.com is also controlled by Australia under the Australian Securities and Investments Commission (ASIC).
Seychelles: Capital.com is also monitored through the Financial Service Authority (FSA).
Read More: Best Forex Brokers in Qatar 2024
Capital.com Products
Capital.com is among the most respected brokers in the Forex market. It is home to more than 6,000 diverse assets, including more than 138 currency CFDs and the 3600+ share CFDs 22 commodities and 22 indexes.
Best Forex Brokers in 2024
Capital.com Trading Platform
They use their own proprietary Platform (World's sole AI driven trading system that offers personalized trading information) and an online trading platform that works with trading on the Web, TradingView, MT4 as well as mobile applications.
Capital.com Cost
There are no commissions to pay for trading in forex through Capital.com. The minimum amount of deposit needed is $20. For bank transfers, however, they need a minimum of $200.
There's no minimum amount for withdrawals, but for transfer to a bank account, the minimum is $50. There aren't any charges for deposits or withdrawals at Capital.com
Capital.com's spreads are constantly changing making it possible to find the lowest price any time.
Capital.com Customer Support
Capital.com Support for customers is great. Chat support is available via the internet, WhatsApp, Viber, Messenger, Telegram, phone or email.
Read Full Review of Capital.com
Capital.com Pros & Cons
Pros
√ The award-winning trading platform
√ Economic calendar built-in with exclusive webinars, as well as market analysis.
√ 0% commission & no hidden fees
√ Market-leading spreads and quick order execution
√ Security and privacy standards that are high
√ Very well regulated
Cons
- MetaTrader 5 isn't available.
- Limited range of trading symbols
If you'd like to trade with Capital.com follow here to sign up for an account:
XTB
XTB is an international foreign exchange as well as CFD broker. Its headquarters is at Warsaw, Poland. It was established in 2005.
image credit: XTB
XTB Regulations
XTB has multiple licenses throughout the globe. The broker is controlled by the following authorities:
United Kingdom: XTB is controlled under the supervision of the UK Financial Conduct Authority.
Dubai: XTB MENA Limited is licensed by DFSA (Dubai Financial Services Authority).
EU: XTB Limited is authorized and regulated by Cyprus Securities and Exchange Commission.
Non-EU/UK: XTB International Limited is regulated by the International Financial Services Commission in Belize.
In addition, XTB is also regulated by KNF, IFSC, CMB and FSCA.
XTB Trading Platforms
XTB offers xStation (Web Based, Desktop, Android, iOS, Tablet). There are many tools to analyze technical data that are available in the platform. There are 27 drawing tools, as well as 37 indicators for technical analysis.
XTB Products
XTB offers 1849 CFDs on stocks as well as 138 ETFs, 23 commodities, 36 indexes, five cryptocurrencies and 57 forex pairs.
Three more Forex Brokers you may like.
XTB Cost
The spreads averaged on EUR/USD were 0.91 pip. The the minimum deposit amount is $250.
There aren't any fees when deposits made via credit card, bank transfer or debit cards. They charge 2% for deposits made through Skrill and one cent for Neteller deposits.
XTB Limited doesn't charge any fees to withdraw when the amount is greater than $60. Demo accounts are for a specific period. Therefore, if you wish, to test multiple demo accounts to try out their system. For trading in forex, they don't charge commissions.
XTB Customer Support
Customer support is available anytime, and if you need help contact them via the chat. The platform is loaded with tools for basic and technical analysis, in addition to educational tools.
XTB Pros and Cons
Pros
√ XTB xStation platform suite that offers outstanding functionality, as well as numerous tools and features for trading.
√ XTB provides low spreads
√ XTB offers a broad selection of informative videos and written material. The company also provides more than 200 lessons via the Trading Academy.
√ XTB U.K. recently launched Zero-dollar-commissions for CFDs in shares.
Cons
- MetaTrader 4 isn't currently being promoted by offices of the XTB's U.K, Poland, and Cyprus branches.
If you want to give it a try with XTB, you can use the link below:
These are just a few of the many brokers available in Asia. Be sure to do your own research before choosing one that best suits your needs. And remember, always trade responsibly! Leverage can work against you as well as for you, so make sure you understand the risks involved before trading.
Conclusion
That's all for our top list of Forex brokers around the world. We hope that you find this article useful and that it can assist to make an educated choice on which broker is best for you. Have you had positive or negative experiences with one or these brokerages? Let us know about your experiences in the comments below. We want getting feedback from readers. Don't forget to forward this article to your acquaintances and followers on social media, so that they will benefit from the valuable information. In the end, we would like to know what Forex broker do find most?
Best Forex Brokers in Asia 2024
Next Read: Best Forex Brokers Worldwide 2024