Finding the best Forex broker in the Asia-Pacific region is still not a straightforward process for many traders out there. In fact, however great your trading strategy might be, you can still be hampered by picking a sub optimal trading partner.
Moreover, it may be the case that you’ll find an unfriendly regulatory landscape or unregulated brokers offering you unmatched leverage and unbelievable bonuses. This further attests to the need for traders to find the top brokers in Asia.
You may be met with brokers who are operating without regulation in Asia but have a solid reputation nonetheless because of how they are regulated offshore by the FCA (Great Britain) or ASIC (Australia), and so forth.
As such, we went through all Forex Brokers in Asia-Pacific, weighed in all variables, and brought you the definitive list of the best brokers in the Asia Pacific region.
What Is the Best Trading Platform in Asia-Pacific? Whether it’s for CFD trading or to deal with any other financial instruments, remember that the best Asia-Pacific forex brokers will vary from trader to trader as each of us have our unique ways of playing the game.
So, if anyone claims to have found the top Asia-Pacific brokers, remember that what they’re saying might just be what is right for them.
Who Are the Most Trusted Forex Brokers in Asia-Pacific? Regulation is key here. The list we’ve featured is comprised only of brokers that are regulated in tier-1 jurisdictions such as the Financial Conduct Authority or the Cyprus Securities and Exchange Commission.
Which Countries Are Considered to be Asia-Pacific? Asia-Pacific countries are: Afghanistan, Australia, Bangladesh, Bhutan, Burma, Brunei, Cambodia, China (including special administrative regions of Hong Kong and Macau), Cook Islands, Federated States of Micronesia, Fiji, India, Indonesia, Japan, Kiribati, Laos, Malaysia, Maldives, Marshall Islands, Mongolia, Nepal, New Caledonia, New Zealand, Niue, North Korea, Pakistan, Palau, Papua New Guinea, Philippines, Singapore, Solomon Islands, South Korea, Sri Lanka, Taiwan, Thailand, Timor-Leste, Tonga, Tuvalu, Vanuatu, and Vietnam.
XM Group If you’ve looked for the leading brokerages in Asia, you’ve surely came across XM.
XM prides itself on its safe and transparent trading experience. Concerning XM’s safety and reliability, they are regulated in top-tier jurisdictions by reliable authorities such as the FCA, the International Financial Services Commission, and so forth.
Moreover, XM features the Islamic trading account option, thus diversifying their demographic and bringing inclusivity to trading. XM was even awarded the best Islamic Account award in 2020.
To further empower their clients, XM traders are freed from rollover charges on their overnight positions and swap fees.
Their customer support is available in multiple languages as XM supports base currencies from across all of Asia.
XM Features · Regulation: ASIC, CySEC, IFSC
· Leverage: 1:888
· Minimum spreads: 0.6 pips
· Minimum deposit: $5
· Trading platforms on offer: Web Trader. MT4, MT5
· Customer Support: 24/7. Live Chat, Email, Phone support.
· Benefits: Demo Trading. Premium trading tools. Research and education center
FXTM Also known as ForexTime, FXTM is a Cyprus-based, award-winning broker whose unique value proposition is its incredibly tight spreads, commission-free trading, and lastly, having no requotes.
Trading with FXTM is as transparent as it gets, and unlocking their competitive features is simple as it only takes a small deposit to get the ball rolling.
FXTM also prides itself on being at the forefront of trading, establishing itself as the leading solution for both frontier and emerging markets.
Copy trading is also possible at FXTM by means of their proprietary trading platform (FXTM Invest), which is why many traders gravitate towards their services.
In what concerns FXTM’s regulatory framework, the leading broker ensures that their clients trade safely while also having access to the most competitive trading solutions out there.
FXTM Features · Regulation: FSCA, CySec, FCA
· Leverage: 1:500
· Minimum spreads: 0.5 pips
· Minimum deposit: $50
· Trading platforms on offer: MT4, MT5. Proprietary trading platform.
· Customer Support: 24/5
· Benefits: $300 trading bonus. Educational resources
FXCM FXCM is a UK broker that features some interesting trading conditions such as a 1:400 maximum leverage and a great range of state-of-the-art trading platforms such as NinjaTrader, Trading Station, ZuluTrade, and, of course, the well-known MetaTrader 4.
With FXCM, you’re guaranteed to be met with a commission-based, lean cost structure, and deep liquidity, but also with monthly slippage statistics.
FXCM's order executions are fully transparent, so it's about more than just competitive trading conditions.
FXCM Features · Regulation:
· Leverage: 1:400
· Minimum spreads: 1.3 pips
· Minimum deposit: $50
· Trading platforms on offer: MT4, NinjaTrader, ZuluTrade, Trading Station
· Customer Support: 24/5
· Benefits: Educational resources. $20 welcome bonus.
BlackBull Markets New Zealand Forex Broker BlackBull Markets is where traders can find both the speed and the precision they need during their trading sessions.
BlackBull Markets boasts proprietary price aggregation, meaning that retail traders will be met with institution-level pricing.
Moreover, they feature ECN and NDD execution in tandem with the MT4 and MT5 platforms and deep liquidity.
Those factors alone should tip the scales for those who seek high-frequency trading, scalpers, and any other traders looking for high-speed trading.
The only caveat here was the absence of negative balance protection, so those who venture forth with leverage should consider that.
BlackBull Markets Features · Regulation: FMA (New Zealand Financial Markets Authority), FSA (Seychelles Financial Services Authority)
· Leverage: 1:500
· Minimum spreads: 0.8 pips
· Minimum deposit: $50
· Trading platforms on offer: MT4, MT5
· Customer Support: 24/6
· Benefits: Demo Account.
AvaTrade AvaTrade is a leading CFD and forex broker. It was founded in 2006 and is regulated by several reputable financial authorities such as Japan, Ireland (and the EU by extension), Australia, etc.
AvaTrade prides itself on its low CFD and forex fees. With AvaTrade, you can count on free deposits and withdrawals, but on the flipside, you will also be met with somewhat high inactivity fees.
AvaTrade Features · Regulation: Highly regulated
· Leverage: 1:400
· Minimum spreads: floating spreads (minimum standard spreads 0.9 pips)
· Minimum deposit: $100
· Trading platforms on offer: MT4
· Customer Support: 24/5
· Benefits: Trading Position Calculator. No deposit of withdrawal fees. Deposit with e-wallet. Demo account.
Exness Forex, CFDs, Commodities, Indices, Stocks, Crypto. You name it, Exness has got it.
Established in 2008, Exness has since steadily been growing and now boasts over 200,000 active customers and a whopping $600 billion monthly traded volume.
Regulated in seven jurisdictions and keeping traders’ money in segregated accounts, Exness is constantly increasing the level of safety. A prime example of their dedication to their clients is their negative balance protection.
Exness Features · Regulation: CBCS, CySEC, FCA, FSA, FSCA
· Leverage: 1:500
· Minimum spreads: 0.3 pips
· Minimum deposit: $10
· Trading platforms on offer: MT4, MT5, Proprietary Trading Platform
· Customer Support: 24/7. Live Chat, Email, Phone support.
· Benefits: Trade calculator. Free VPS hosting. Demo Trading. Educational Content. No inactivity fee, no deposit of withdrawal fees
FP Markets FP Markets is where traders can find a great asset selection at their disposal, paired with an incredibly competitive cost structure and a 1:500 leverage.
Moreover, FP Markets boasts its proprietary social trading platform, CrowdTrading, where its clients from over 80 countries can trade safely.
Added to that, their numbers are impressive, having reached over $1 billion in daily trading volume.
In what concerns regulation, FP Markets can be considered trustworthy as they are regulated in top-tier jurisdictions.
FP Markets Features · Regulation: CySEC, ASIC
· Leverage: 1:500
· Minimum spreads: 1.0 pips
· Minimum deposit: $100
· Trading platforms on offer: Proprietary trading platform. MT4, MT5.
· Customer Support: 24/5
· Benefits: Demo Account. 18 funding methods. VPS hosting (automated trading)
Eightcap Whether it’s Forex, crypto, indices, shares, or commodities, Eightcap, a leading Australian financial services company, and globally trusted broker, offers its clients a great trading experience.
Founded in 2009 in Melbourne, Australia, Eightcap features impeccable customer support in 10 different languages (English, Chinese, Vietnamese, Thai, German, French, Portuguese, Spanish, French, and Bulgarian).
They are regulated by top-tier authorities such as the FCA (Financial Conduct Authority), CySEC (the Cyprus Securities and Exchange Commission), and ASIC (the Australian Securities and Investment Commission).
Eightcap Features · Regulation: FCA, CySEC, ASIC
· Leverage: 1:500
· Minimum spreads: 1.0 pips
· Minimum deposit: $100
· Trading platforms on offer: MT4, MT5.
· Customer Support: 24/5. Online chat. Phone. Email.
· Benefits: Customized promotions. Refer a friend program.
Wrapping Up Fx trading can be demanding, and it is certainly a high-risk endeavor, but the process is made easy when you partner up with one of the top forex brokers in Asia.
Brokerage services are aplenty, and hopefully, this article has pointed out their respective strengths and shortcomings so you can choose whichever matches your own trading style.
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