We found 11 online brokers that are appropriate for Trading South Korea.
We've collected thousands of datapoints and written a guide to help you find the best South Korea Brokers for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best south korea brokers below. You can go straight to the broker list here.
When trading in South Korea you will need to know what your options with your South Korea trading broker are.
We list below the trading account types available in South Korea. If you are looking for brokers in South Korea that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies (availability subject to regulation) or commodity markets; this South Korea broker guide will explain the things you should check and be aware of before you invest.
Forex trading is growing in popularity in South Korea. The volume of Forex traded in South Korea has increased year on year over the last five years.
Across the world $5.1 trillion USD in volume is traded every single day. This is a huge amount in comparison with other financial market sectors.
Advances in online technology, higher internet coverage in South Korea and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.
Their is a misconception that trading Forex on the financial market in South Korea is considered unsafe. This is not the case, Forex trading in South Korea is very active.
Trading in Forex is allowed in South Korea as to conduct business currency must be exchanged. Forex is an integral part of import and export and investing internationally. The important thing is that when trading Forex you pick a safe and reputable broker that is regulated. South Korea Forex trading is not banned, their are many international online brokers offering favourable trading conditions.
Once a traders profits reach a level where the income on the Forex trading can be taxed in South Korea the trader should make sure all taxes owed for a financial year are paid. South Korea taxes should be filed even if there were losses on the year. If Trading losses cannot be claimed against personal income taxes. A trader should file them with the proper government agency in South Korea. You should seek advice with a South Korea tax professional to ensure they are abiding by all proper tax laws in South Korea. In South Korea Islamic accounts do not have additional restrictions on trades.
Cryptocurrency markets in South Korea are relatively new and their availability are subject to local financial regulation. Because Cryptocurrency works on decentralised assets in South Korea things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in South Korea for example.
Due to a large young population in South Korea with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in South Korea. $6 billion USD worth of Bitcoin is traded daily around the world.
In South Korea commodity trading includes the trade in precious metals, energies and agricultural commodities.
Some commodities like metals are seeing exponential growth in South Korea since 2002.
Fast growing countries like China and India have been growing rapidly over the last 3 decades. This has meant that countries like China and India have a vast requirement for many basic commodities and raw materials for their populations. Crops to feed people and metal to build infrastructure for example. This means countries like South Korea are able to take advantage of this demand.
We list brokers that allow you to trade commodities in South Korea here.
South Korea brokers support Islamic accounts or swap-free accounts. South Korea Islamic accounts have no rollover interest on overnight positions to comply the Muslim faith. Traders of Islamic faith are forbidden to pay interest. Brokers in South Korea offer accounts that are suitable for Islamic traders. These South Korea brokers complies with Sharia law.
South Korea economy and population is growing. The middle class population in South Korea is increasing which means a growing consumer base. Many business and financial opportunities exist in South Korea. South Korea has a young population educated in technology and the internet.
South Korea digitisation of financial trading has made it easier to defraud unsuspecting investors across the internet. Make sure the broker you trade with is regulated and passes the checklist in this South Korea guide. Educate yourself as much as possible open a demo account if necessary be you open a live trading account.
Learn about leverage when trading. South Korea Brokers offering high leverage trades in South Korea can mean high profit margins. But this goes both was it can also mean huge losses. There are things like negative balance protection and stop loss accounts which some South Korea brokers offer as a level of protection. you can learn more about further below on this guide.
There are a number of important factors to consider when picking an online South Korea trading brokerage.
It is not essential that your brokerage is local but they must have regulation from a Tier 1 reputable country. In fact the brokers international regulation could be more reputable than your local region.
When deciding to trade and find a suitable South Korea broker if you wish your broker to be 100% local check they are governed and regulated by the below.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top South Korea Brokers (KR).
Compare South Korea Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are south korea brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more south korea brokers that accept south korea clients
Broker |
eToro
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XTB
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AvaTrade
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Roboforex
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FP Markets
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Trading212
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Plus500
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EasyMarkets
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SpreadEx
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Forex.com
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NordFX
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Rating | |||||||||||
locality | eToro accept South Korea clients | XTB accept South Korea clients | AvaTrade accept South Korea clients | Roboforex accept South Korea clients | FP Markets accept South Korea clients | Trading 212 accept South Korea clients | Plus500 accept South Korea clients | easyMarkets accept South Korea clients | SpreadEx accept South Korea clients | Forex.com accept South Korea clients | NordFX accept South Korea clients |
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 |
Min Deposit | 200 | No minimum deposit | 250 | 1 | 100 | 1 | 100 | 100 | 1 | 100 | 1 |
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Used By | 17,000,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 142,500+ | 10,000+ | 150,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, MT5, Tablet & Mobile apps |
Support |
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Learn More |
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Up with etoro |
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Up with xtb |
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Up with avatrade |
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Up with roboforex |
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Up with fpmarkets |
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Up with trading212 |
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Up with plus500 |
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Up with easymarkets |
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Up with spreadex |
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Up with forexcom |
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Up with nordfx |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | 79% 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. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | 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. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Your capital is at risk | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Demo |
eToro Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
easyMarkets Demo |
SpreadEx Demo |
Forex.com Demo |
NordFX Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, 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, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US, JP, NZ | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US | US, TR | BE | No |
You can compare South Korea Brokers 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 South Korea Brokers for 2021 article further below. You can see it now by clicking here
We have listed top South korea brokers below.