How to choose a foreign exchange trading platform in Taiwan? The 7 essential platform comparison guide you must know in 2025

Want to make money on a forex trading platform? The first step is choosing the right platform. But with so many options on the market, each claiming to be the best, the reality can be quite different. This article helps you clarify the differences and avoid detours.

Taiwan Forex Trading Platform Quick Reference: Understand the 7 Most Used Platforms in 2025

Let’s get straight to the essentials. The comparison table below covers 7 commonly used forex trading platforms in Taiwan in 2025, including regulatory status, leverage, minimum deposit, withdrawal costs, and other core indicators. Remember: these data are for reference only; please check the latest regulations on each platform’s official website.

Platform Details: Find the Right Trading Platform for You

1. Yuanta Futures: The Local Choice in Taiwan

Yuanta Futures is Taiwan’s first futures broker licensed for leverage trading (2017), regulated by FSB. If you want localized service and familiar trading environment, this is a good option.

The platform currently offers 35 forex pairs, using MetaTrader 5. Trading costs include a 0 spread on forex and precious metals, but overseas indices incur 0.01% fee, and overseas stocks 0.1%. No overnight fee. Minimum lot size is 0.01 lot, with leverage up to 30x (professional clients can apply for higher).

Suitable for: Traders confident in Taiwan regulation, with larger capital, valuing local support.

2. Mitrade: Beginner-Friendly International Platform

Founded in Australia, Mitrade has over a million users worldwide and has won awards like Best Forex Broker Asia 2022 and Best Mobile Trading Platform Asia 2023. Its core advantage is proprietary platform development, with user-friendly interface suitable for beginners, plus support for TWD deposits and withdrawals—rare among international platforms.

Offers 59 forex pairs, flexible leverage from 1x to 200x, zero commission, floating spreads. The minimum deposit is just $50 USD, and it also provides a demo account with $50,000 virtual funds. Negative balance protection ensures losses won’t exceed your deposit. 24/7 Chinese customer support.

Suitable for: Forex beginners, those wanting to deposit in TWD, small capital traders, and users seeking easy-to-use platforms.

3. KGI Leverage Dealer: Regulated by Taiwan FSC

KGI is regulated by Taiwan FSC and the Central Bank, ensuring fund safety. The Nano Trading King platform offers 12 forex pairs, with floating spreads and overnight fees. Overseas indices incur additional fees (0.01%-0.50%), with a minimum fee of $5 USD per trade. 24-hour trading, leverage of 20x or 30x.

Suitable for: Traders who prioritize Taiwan regulation, mainly trading forex and indices.

4. Far Eastern Bank Forex: Traditional Bank Forex Service

Far Eastern International Bank offers forex margin trading with higher entry barriers (minimum $10,000 USD). Trading costs start from 5 pip spreads on major currency pairs, floating based on market conditions. Fixed leverage of 20x, with overnight fees but no commission.

Suitable for: Large capital, prefer banking systems, conservative traders with low trading volume.

5. IG: A Long-Established International Brand

Founded in London in 1974, IG is one of the oldest brokers, part of FTSE 250. Offers thousands of financial markets, proprietary platform and app, offices in 17 countries. Regulated by ASIC.

Over 100 forex pairs, up to 200x leverage, spreads from 0.6 on popular pairs, 24-hour trading (markets open Monday, close Saturday). Note: accounts inactive for 2 years incur an $18 AUD monthly fee; withdrawals cost $15 USD.

Suitable for: Traders seeking a reputable brand, diverse products, and international experience.

6. IC Markets: ECN Platform for Professional Traders

Founded in Australia, IC Markets is an ECN forex broker connecting directly to liquidity providers. Up to 1000x leverage (very aggressive), floating spreads plus low commissions. Accepts USD, EUR, and other currencies. Trading hours are 00:01-23:59 (Friday until 23:57). Regulated by ASIC.

Suitable for: Professional traders, low spread seekers, high leverage risk-takers, frequent traders.

7. CMC Markets: Global Platform Listed on LSE

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

Leverage up to 500x, AUD/USD and EUR/USD spreads from 0.7, GBP/USD and EUR/GBP from 0.9. Charges commissions and holding fees; dormant accounts (no trading for 1 year) incur $15 USD monthly. Deposits only via international wire transfer. 24/5 trading from Sunday evening to Friday evening.

Suitable for: Institutional investors, diverse trading needs, experienced international platform users.

What Is a Forex Trading Platform? Basic Concepts Every Beginner Must Know

Simply put, a forex trading platform is an intermediary that allows you to buy and sell foreign currencies, similar to a stock broker. Individual investors access the 24-hour global currency market through these platforms. They are also called retail forex brokers or currency trading brokers.

Most forex platforms handle only a small portion of global trading volume; large institutions like investment banks execute the bulk of market orders. While banks mainly exchange major currencies, forex platforms typically offer over 100 currency pairs. Some pairs are highly volatile, presenting opportunities for speculators.

Two Common Operating Models

Market Maker (Dealing Desk, DD): The platform acts as your counterparty, providing fixed bid/ask prices, earning from spreads. Usually, orders are not sent to the real market but kept in an internal liquidity pool. These platforms execute trades quickly but require trust in their fairness.

No Dealing Desk (NDD): Orders are sent directly to the forex market or liquidity providers for matching. You see real-time quotes from global banks, and your order price is the final transaction price. Further divided into STP (Straight Through Processing, with spreads plus commissions) and ECN (no mark-up, only commissions).

Practical Tips: How to Choose the Right Platform

Choosing a platform isn’t about rankings but about your trading needs. Focus on these 6 key aspects:

1. Overall Trading Cost Structure
Spreads, commissions, overnight fees, withdrawal costs, idle fees… Costs vary greatly. Do the math: for example, trading 50 lots per month with a 1 pip spread (worth $0.0001 per pip), 50 lots equal $5, plus possible overnight and hidden fees. The lowest-cost platform isn’t always the best—some may have slower execution or fewer products.

2. Leverage Suitability
Leverage ranges from 1x to 1000x, a huge difference. Beginners should avoid high leverage; 20-50x is sufficient. Over 200x is for professionals and short-term traders, with increased risk. Choose based on your risk tolerance and trading style.

3. Range of Tradable Products
If you only want to trade major currencies (EUR/USD, GBP/USD, USD/JPY), 12 or 100 forex pairs are enough. But if you want to trade emerging or less common pairs, IC Markets’ 61 pairs offer more flexibility than KGI’s 12.

4. Regulation and Platform Reputation
Regulation by Taiwan FSC, ASIC, FCA, etc., varies in strictness. Check if the platform has clear license numbers and regulatory info. If not disclosed, beware.

5. Deposit and Withdrawal Convenience
Few platforms support TWD deposits/withdrawals (Mitrade is one). Most use USD. Consider withdrawal fees and transfer speed. Some platforms offer 1-2 free withdrawals per month, then charge.

6. Customer Support Response Speed
Fast support is crucial for resolving trading issues, order problems, or account questions. Platforms with 24/7 Chinese support reduce hassle.

How Do Forex Platforms Make Money? Understanding Their Business Logic

Market Maker Platforms: They profit by taking the opposite side of your trades. When you buy, they sell; when you sell, they buy. If you lose, they win; if you win, they lose. Although it seems like a conflict of interest, regulation permits this because these platforms are fast and highly liquid. Make sure they have proper licenses.

No Dealing Desk Platforms: They don’t bet against you but earn from trading volume. Whether you profit or lose, the platform benefits from higher trading activity through commissions. These are generally more “fair,” but since they don’t take your money directly, they may be less attractive to new traders.

Most large platforms use a hybrid approach, depending on your account type.

How to Open an Account on a Forex Platform? 3 Quick Steps

Using Mitrade as an example, the process is simple:

Step 1: Online Application
Fill in personal info, submit ID verification (ID card, proof of address), takes about 5-10 minutes.

Step 2: Deposit Funds
Supports Skrill, Poli, credit card, wire transfer, etc., with a minimum of $50 USD.

Step 3: Start Trading
Once deposit is confirmed, you can trade forex, crude oil, gold, crypto, stocks, etc. Want to test without real money? Use a demo account with free $50,000 virtual funds.