We found 11 online brokers that are appropriate for Trading Forex South Korea Investment Platforms.
South Korea is a small country on the Asian continent with a strong economy. Over the past two or three decades, it has surprisingly boosted its economy. South Korea's capital city Seoul is presently one of the biggest financial hubs.
In this article titled Forex South Korea, we will discuss the strength of the Forex market in the country, which is widely known for Forex trading as well as cryptocurrency services.
Until 1945, South Korea and North Korea together were known as Korea. The native currency, Won, was introduced in the Korean Peninsula in 1902. The currency was adopted even after World War II, following the division of the two empires.
At around 300 years BC, metallic tokens were introduced in the region. It was the birth of currency, while the first coin currency was introduced later in 996 AD under the Goryeo Dynasty. The Joseon Dynasty later revered the coin currency and established paper notes after overthrowing the previous dynasty.
Meanwhile, many believed the name Won was derived from Yen and Yuan, following the invasion of the Japanese army in the Korean peninsula during World War I.
In 1945, Korea was divided into South Korea and North Korea under a democratic government and communist system. The Bank of Korea reintroduced the Won in South Korea. In 1963 it was, however, replaced with Hwan for a short period due to inflation. In the 1980s, the native currency was reintroduced, and it was depegged from the dollar. It also replaced the use of several other global currencies and widened global trading opportunities. In the late 1990s, the country allowed the currency to be free-floating.
Forex South Korea has various regulations, including the Electronic Financial Transaction Act, which regulates electronic financial transactions. The authority is equipped with several provisions, highlighting parties' rights and ensuring the safety of Forex traders and other financial markets.
Several more regulations have been instituted in the country to curb the financial volatility and smoothen up the capital flow. Brokers and insurance companies in South Korea allow the facility of interbank currency trading. Forex brokers can facilitate OTC derivative trades.
The country also revoked the earlier rule of barring cross-border transactions to streamline currency trading. The previous rule was to seek permission for such transactions. It was abolished in 2005.
After that, all banks were asked to set currency positions to 30 per cent of the capital. The figure was increased to 50 per cent later with the rise in the demand for Forex trading in the country.
It is important to check whether the trading instrument offered by Forex brokers is approved in South Korea. The country allows various trading platforms and traders to choose while striking a deal with a broker. The various platforms include browser platforms, smartphone apps and computer applications.
The Forex spreads and commissions differ across brokers in the country, and traders are free to choose which suit them best. Usually, there are two types - fixed spreads and variable or floating spreads. Spreads are the difference between the buy price and the selling price offered by brokers.
Some of the Forex brokers offer leveraged products like CFDs. With a leveraged product, a trader deposits just a fraction of the entire trade volume as capital. It is to note that profits and losses are amplified. It means the loss may be more than the deposits.
Two brokers have gained immense popularity in South Korea. Below are some details of the two.
Established in 2006, the eToro Forex broker is widely popular in South Korea. It was initially named RetailFX. It is regulated with various regulatory bodies, including CySEC, ASIC and FCA.
The brokerage house was established in 2007 and mainly offers two types of accounts - standard and premium. It offers a plethora of features to Forex traders and 24/7 customer support in multiple languages through a phone call, chat service and email.
Forex trading is widely popular in South Korea, and various regulatory authorities strictly control the market. Brokers abide by the set rules, and traders are suggested to only deal with regulated brokers. Beginners in the country are advised to start with a demo account that comes with a virtual fund. A demo or practice account offers exposure to the real market without the need to use real money.
We have conducted extensive research and analysis on over multiple data points on Forex South Korea to present you with a comprehensive guide that can help you find the most suitable Forex South Korea. Below we shortlist what we think are the best Forex South Korea Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex South Korea.
Selecting a reliable and reputable online Forex South Korea Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Forex South Korea Investment Platforms more confidently.
Selecting the right online Forex South Korea Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Forex South Korea Investment Platforms trading, it's essential to compare the different options available to you. Our Forex South Korea Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Forex South Korea Investment Platforms broker that best suits your needs and preferences for Forex South Korea Investment Platforms. Our Forex South Korea Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Forex South Korea Investment Platforms.
Compare Forex South Korea Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex South Korea Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Forex South Korea Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Forex South Korea Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex South Korea Investment Platforms that accept Forex South Korea Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Forex South Korea Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Forex South Korea Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Forex South Korea Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.