How to choose the 2025 Taiwan Forex platform? Complete review of 7 licensed brokers

Want to start forex trading? Choosing the right platform is the first step to success. But with numerous forex platforms on the market, investors often don’t know where to begin. This article provides an in-depth review of 7 legitimate forex platforms in Taiwan in 2025, helping you find the most suitable trading partner based on your needs.

Core Criteria for Choosing a Forex Platform

Before selecting a forex broker, investors need to clarify their trading requirements and evaluate based on the following dimensions:

Capital Security is the top priority. It is crucial to choose a platform authorized by reputable regulatory agencies. Whether it’s Taiwan’s FSC, Australia’s ASIC, or the UK’s FCA, licensed forex platforms must adhere to strict regulatory standards. In case of disputes, investors have clear complaint channels.

Trading costs directly impact returns. Besides the well-known spreads and commissions, investors should also pay attention to hidden fees—withdrawal fees, account inactivity fees, overnight financing costs, etc. Some platforms may offer low spreads but have high other fees, making the overall cost more expensive.

Leverage multiples and minimum deposit requirements determine entry barriers. Different investors have varying risk tolerances and capital strength. Some platforms offer flexible leverage from 1x to 200x, while others are fixed at 20-30x. Minimum deposits range from $50 to $10,000.

Range of trading products affects strategy diversity. Professional traders often need 100+ trading instruments, while beginners may only need mainstream currency pairs.

Ease of deposit and withdrawal influences capital flow efficiency. Platforms supporting direct deposits and withdrawals in New Taiwan Dollars are more friendly to Taiwanese investors, avoiding currency conversion losses.

Customer service quality demonstrates value at critical moments. 24-hour Chinese-language support and quick problem resolution are standard criteria.

In-Depth Comparison of 7 Legitimate Forex Platforms in Taiwan

Based on regulation, trading costs, user reviews, and other factors, here are 7 platforms worth noting in 2025:

Detailed Platform Analysis

Yuanta Futures—A Local, Regulated Choice

As Taiwan’s first futures broker licensed for leverage trading (2017), Yuanta Futures enjoys the highest reputation among local investors. The platform is based on MetaTrader 5, offering 35 forex pairs, with major pairs enjoying 0 spread promotions.

Its advantage lies in fully local regulation, ensuring fund safety; the downside is fewer product varieties and fixed leverage, less flexible than international platforms. Suitable for conservative investors seeking secure trading.

Trading hours are Monday to Friday (GMT+8), from T+0 05:05 to T+1 05:00.

Mitrade—A User-Friendly International Platform

Founded in Australia, Mitrade has millions of global users and has won awards for Best Forex Platform in Asia in 2022 and 2023. Its proprietary trading system is simple and intuitive, ideal for beginners.

Highlights include support for direct TWD deposits and withdrawals, opening accounts with as little as $50, and offering negative balance protection (losses won’t exceed deposits). Also provides 24/7 Chinese customer support. Leverage is flexible (1-200x), with 59 trading instruments.

The downside is that international platforms may not be as compliant with local regulations as domestic ones. Suitable for beginners wanting low barriers and diverse products.

KGI Leverage Trading—An Advanced Local Choice

Regulated by Taiwan FSC and the Central Bank, KGI offers 12 forex, stocks, indices, and precious metals. The platform uses Nano Trading King system, supporting 20-30x leverage and two-way trading.

Costs are based on floating spreads and overnight fees; some products have minimum fees of $5. The advantage is local regulation and peace of mind; the disadvantage is fewer product options compared to international platforms.

Far Eastern Bank Forex—Traditional Banking Forex Service

Far Eastern International Bank, a well-established Taiwanese bank, offers forex margin trading. The account opening threshold is high—over $10,000, about 2-3 times higher than international platforms.

Major currency pairs have fixed 5 pip spreads, adjustable based on market conditions, with 20x leverage. Customer support is bank-based, but trading flexibility and product variety are limited. Suitable for traditional banking clients and large capital traders.

IG—The Oldest International Brand

Founded in 1974, IG is listed on the London Stock Exchange, with offices in 17 countries. It is one of the most established and powerful brokers in the forex market.

Offers thousands of trading instruments, including 100+ forex pairs, with up to 200x leverage. Spreads on popular currency pairs are as low as 0.6 pips. Regulated strictly by ASIC.

Note that accounts inactive for 2 years incur an $18 AUD monthly inactivity fee, and withdrawal restrictions are stricter. Suitable for intermediate traders with experience.

IC Markets—A Professional Platform with Ultra-High Leverage

Established in Sydney, Australia, IC Markets is an ECN forex broker offering industry-high 1000x leverage (rare in the industry). Supports over 61 trading instruments, with low floating spreads and transparent costs.

Minimum deposit is $200, with no withdrawal fees. Regulated by ASIC. Trading hours are server time 00:01-23:59 (ending at 23:57 on Fridays).

High leverage suits professional short-term traders but also entails higher risks, not recommended for beginners.

CMC Markets—A Public Company with Diverse Products

Listed on the London Stock Exchange, regulated by FCA, ASIC, FMA, among others, CMC Markets is one of the most strictly regulated platforms globally.

Offers nearly 12,000 CFD products, including 27 forex pairs, stocks, cryptocurrencies, bonds, etc., with up to 500x leverage. Spreads are competitive—starting at 0.7 pips for AUD/USD and EUR/USD, 0.9 pips for GBP/USD and EUR/GBP.

Funding is only via international bank wire transfer. Dormant accounts inactive for a year are charged a $15 monthly fee. Suitable for experienced traders and institutional investors.

How Forex Brokers Operate

Understanding how forex platforms profit helps investors assess potential conflicts of interest. There are mainly two models:

Dealing Desk (DD) Model: The platform acts as the counterparty, taking the opposite side of the trade. When investors profit, the platform loses, and vice versa. This model may have an incentive for the platform to cause client losses, but in practice, many hedge some orders in the market and profit from spreads.

No Dealing Desk (NDD) Model: The platform sends orders directly to the market, matching buyers and sellers. The platform earns from commissions or markups, with no direct profit from client wins or losses. This model encourages frequent trading and reduces conflicts of interest.

Most legitimate platforms use a hybrid approach, regulated to ensure fairness.

Practical Steps to Start Forex Trading

Taking Mitrade as an example, opening an account on a forex platform is usually very straightforward:

Step 1: Online Registration
Fill in basic information and submit the application to create an account. The entire process is online, no need to visit in person.

Step 2: Deposit Funds
Supports multiple deposit methods—credit card, e-wallet, bank transfer, TWD deposits, etc. Mitrade even offers $50,000 in demo funds for practice.

Step 3: Start Trading
Select trading instruments, set position size and stop-loss/take-profit, and place orders. Most platforms provide intuitive interfaces and rich technical analysis tools.

Common Investor FAQs

Why must I choose a regulated platform?

Platforms regulated by authoritative financial authorities must comply with strict standards, capital requirements, and investor protection measures. In case of disputes, investors can report to regulators and seek resolution. Unregulated platforms pose higher risks, with no recourse if issues arise.

How to verify the authenticity of a platform’s regulation?

Every regulated platform has a unique license number. Investors can find detailed regulation info in the “About Us” or “Regulatory Information” section of the official website, including the regulator’s name, license number, and official website. Then, verify directly on the regulator’s website.

How do forex platforms profit? Is there a conflict with my gains?

Large-volume platforms may earn modest profits per trade but generate substantial income from a large customer base. Most legitimate platforms have well-established revenue models that do not depend on client losses. Regulated platforms must maintain transparency in trade execution, spreads, and disclosures, which is a core goal of regulation.

Summary

In 2025, Taiwan offers a rich selection of forex platforms, each with its own features. Domestic platforms like Yuanta Futures and KGI Leverage Trading excel in regulation and security; international platforms like Mitrade, IG, and IC Markets stand out for product diversity and trading flexibility. Investors should choose based on their capital size, risk appetite, and trading experience.

The most important points are: ensure the platform is properly regulated, trading costs are transparent, and customer service is prompt. Then, select according to specific needs. Chasing high leverage or low spreads blindly is often a trap for beginners—choosing the right platform makes forex trading a stable long-term investment.