Top South Korea Brokers for 2020

South Korea Brokers Explained

Trading the financial markets with South Korea Brokers when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for South Korea Brokers is the platform that a South Korea Brokers offer.

Choose South Korea Brokers that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need South Korea Brokers that you can rely on.

6 Factors to Consider when Choosing South Korea Brokers

Follow these five rules for selecting a broker that's right for you:

Are Your South Korea Brokers Trusted And Established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated South Korea broker is XTB. Established in 2002, and in operation for 16 years XTB have a head office in Poland.

XTB is regulated. This means XTB are supervised by and is checked for conduct by 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 regulatory bodies.

Another top rated broker is eToro.

eToro was established 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.

eToro is regulated. This means eToro are supervised by and is checked for conduct by 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 regulatory bodies.

Broker	XTB	eToro	Plus500	Admiral
Year Established	2002	2006	2008	2001
Head Office	Poland	Cyprus, UK	Israel	UK
Regulation	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	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)	Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By	250,000+	10,000+	15,500+	10,000+
Negative balance protection	Yes	No	Yes	Yes
Guaranteed Stop Loss	Yes	No	No	No
Learn More	Visit XTB	Visit eToro	Visit Plus500	Visit Admiral Markets
Risk Warning	Your capital is at risk	65% 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.	76.4% of retail CFD accounts lose money	Losses can exceed deposits

Are The South Korea Brokers World Leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. XTB Segregates clients funds and offers over 1,500 instruments. XTB offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, XTB supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. XTB is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.

Another good choice when looking for South Korea Brokers is eToro . eToro Segregates clients funds and offers over 100 instruments.

Broker	XTB	eToro	Plus500	Admiral
Instruments Available	1,500	100	2,000	148
Platforms	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps
Excluded Countries	US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR	US, IR, KP, BE, CA, JP, SY, TR, IL	BE, US, CA ,CN, SG, ID, PH	US, CA, JP, SG, MY, JM, IR, TR
Forex pairs offered	50	50	100	40
Forex pairs offered	50	50	100	40
Major forex pairs	Yes	Yes	Yes	Yes
Minor forex pairs	Yes	Yes	Yes	Yes
Exotic forex pairs	Yes	Yes	Yes	Yes
Cryptocurrencies	Yes	Yes	Yes	Yes
Commodities Offered	21	0	17	0
Metals	Yes	Yes	Yes	Yes
Energies	Yes	Yes	Yes	Yes
Agricultural	Yes	Yes	Yes	No
Stocks Offered	1696	957	1816	64
UK Shares	Yes	Yes	Yes	Yes
US Shares	Yes	Yes	Yes	Yes
German Shares	Yes	Yes	Yes	Yes
Japanese Shares	Yes	Yes	Yes	Yes

What are the South Korea Brokers Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated South Korea broker XTB offers competitive offers for Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.

Another top rated South Korea broker eToro offers CFDs, Social Trading. eToro minimum deposit is 200.

Broker	XTB	eToro	Plus500	Admiral
Min Deposit	0	200	100	200
Withdrawl Fees	varies	Yes	No	No
Inactivity Fees	No	Yes	Yes	No
Deposit Fees	No	No	No	Varies
CFD Commission Fees	Yes	No	No	Yes

What are the South Korea Brokers Funding and Withdrawal Methods?

When dealing with South Korea Brokers having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	XTB	eToro	Plus500	Admiral
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	Yes	Yes	Yes	No
Skrill	Yes	Yes	Yes	Yes
Payoneer	Yes	Yes	No	Yes
Neteller	Yes	Yes	No	Yes

Find South Korea Brokers with Round-the-clock support?

Customer service is very important when dealing with South Korea Brokers.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

South Korea Brokers customer support can include Phone answering services, Live chat support and Email customer service support.

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish

eToro support a wide range of languages including English, German, Spanish, French, and Italian

XTB and eToro offer support where clients are able to call or contact the helpdesk via email or a chat service.

Broker	XTB	eToro	Plus500	Admiral
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, German, Spanish, French, and Italian	English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese	English, Spanish, Hungarian, Bulgarian, Cestina, German, Dutch, French, Eesti, Francais, Greek, Latviesu, Lietuviskas, Moldovian, Croatian, Slovenian, Polish, Russian, Serbian, Romanian, Ukrainian, and Croatian
Learn More	Visit XTB	Visit eToro	Visit Plus500	Visit Admiral Markets
Risk Warning	Your capital is at risk	65% 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.	76.4% of retail CFD accounts lose money	Losses can exceed deposits

Make sure the South Korea Brokers Offer Comprehensive Trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, XTB and eToro work together to bring the latest news and insights to traders.

For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.

Why do South Korea Brokers need to be regulated?

A regulated South Korea broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

South Korea brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

South Korea Brokers FAQ

What are the best South korea brokers?

The best South korea brokers that are regulated are

• XTB rated 4/5
• eToro rated 4/5
• Plus500 rated 4/5
• Admiral Markets rated 4/5
• FP Markets rated 4/5
• FXPro rated 4/5
• Trading 212 rated 4/5
• AvaTrade rated 4/5
• EasyMarkets rated 4/5
• Forex.com rated 4/5
• Axitrader rated 4/5
• HYCM rated 4/5
• SpreadEx rated 4/5
• Swissquote rated 4/5
• ForTrade rated 4/5
• OctaFX rated 4/5
• NordFX rated 4/5
• Eightcap rated 4/5
• Roboforex rated 4/5
• Interactive Brokers rated 3/5
• Oinvest rated 4/5
• London Capital Group rated 3/5
• GKFX rated 3/5
• ETX Capital rated 3/5

What is the best South korea broker?

The best South korea broker is XTB. We consider XTB one of the best South korea brokers because XTB is actively used by over 250000 active traders. XTB ia regulated by tier 1 financial regulators including 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. XTB were founded in 2002 and have a headquarters in Poland. You can open a live trading account with XTB with as little as a 0 min deposit.

Is Forex Trading Legal in South Korea?

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.

Do Forex Traders Pay Tax in South Korea?

Once a traders profits reach a level where the trading income 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 South Korea government agency. You should seek advice with a South Korea tax professional to ensure they are abiding by all proper tax laws in South Korea.

How do you trade Forex or CFDs in South Korea?

If you are looking to trade Forex or CFDs on the financial markets in South Korea you will need to find a reputable broker that is regulated. The best online broker for Forex or CFD trading in South Korea is XTB. XTB is regulated by 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 and offers Forex, CFDs, Cryptocurrency trading. You can open a live account with a min deposit of 0.

Related South Korea Brokers Reviews

Read our reviews on our South Korea Brokers listed above. You can read our indepth South Korea Brokers reviews below.

• XTB Review
• eToro Review
• Plus500 Review
• Admiral Markets Review
• FP Markets Review
• FXPro Review
• Trading 212 Review
• AvaTrade Review
• EasyMarkets Review
• Forex.com Review
• Axitrader Review
• HYCM Review
• SpreadEx Review
• Swissquote Review
• ForTrade Review
• OctaFX Review
• NordFX Review
• Eightcap Review
• Roboforex Review
• Interactive Brokers Review
• Oinvest Review
• London Capital Group Review
• GKFX Review
• ETX Capital Review

Related South Korea Brokers Alternatives

If you feel some of the above South Korea Brokers are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of South Korea Brokers alternatives below.

• XTB Alternatives
• eToro Alternatives
• Plus500 Alternatives
• Admiral Markets Alternatives
• FP Markets Alternatives
• FXPro Alternatives
• Trading 212 Alternatives
• AvaTrade Alternatives
• EasyMarkets Alternatives
• Forex.com Alternatives
• Axitrader Alternatives
• HYCM Alternatives
• SpreadEx Alternatives
• Swissquote Alternatives
• ForTrade Alternatives
• OctaFX Alternatives
• NordFX Alternatives
• Eightcap Alternatives
• Roboforex Alternatives
• Interactive Brokers Alternatives
• Oinvest Alternatives
• London Capital Group Alternatives
• GKFX Alternatives
• ETX Capital Alternatives

Related South Korea Brokers Comparisons

You can read some of our South Korea Brokers comparisons. We compare side by side some of our top rated South Korea Brokers . Read some South Korea Brokers VS pages below.

• XTB vs eToro
• XTB vs Pepperstone
• XTB vs Plus500
• eToro vs XTB
• eToro vs Pepperstone
• eToro vs Plus500
• Plus500 vs XTB
• Plus500 vs eToro
• Plus500 vs Pepperstone
• AdmiralMarkets vs XTB
• AdmiralMarkets vs eToro
• AdmiralMarkets vs Pepperstone
• FPMarkets vs XTB
• FPMarkets vs eToro
• FPMarkets vs Pepperstone
• FXPro vs XTB
• FXPro vs eToro
• FXPro vs Pepperstone
• Trading212 vs XTB
• Trading212 vs eToro
• Trading212 vs Pepperstone
• AvaTrade vs XTB
• AvaTrade vs eToro
• AvaTrade vs Pepperstone
• EasyMarkets vs XTB
• EasyMarkets vs eToro
• EasyMarkets vs Pepperstone
• Forex.com vs XTB
• Forex.com vs eToro
• Forex.com vs Pepperstone
• Axitrader vs XTB
• Axitrader vs eToro
• Axitrader vs Pepperstone
• HYCM vs XTB
• HYCM vs eToro
• HYCM vs Pepperstone
• SpreadEx vs XTB
• SpreadEx vs eToro
• SpreadEx vs Pepperstone
• Swissquote vs XTB
• Swissquote vs eToro
• Swissquote vs Pepperstone
• ForTrade vs XTB
• ForTrade vs eToro
• ForTrade vs Pepperstone
• OctaFX vs XTB
• OctaFX vs eToro
• OctaFX vs Pepperstone
• NordFX vs XTB
• NordFX vs eToro
• NordFX vs Pepperstone
• Eightcap vs XTB
• Eightcap vs eToro
• Eightcap vs Pepperstone
• Roboforex vs XTB
• Roboforex vs eToro
• Roboforex vs Pepperstone
• InteractiveBrokers vs XTB
• InteractiveBrokers vs eToro
• InteractiveBrokers vs Pepperstone
• Oinvest vs XTB
• Oinvest vs eToro
• Oinvest vs Pepperstone
• LondonCapitalGroup vs XTB
• LondonCapitalGroup vs eToro
• LondonCapitalGroup vs Pepperstone
• GKFX vs XTB
• GKFX vs eToro
• GKFX vs Pepperstone
• ETXCapital vs XTB
• ETXCapital vs eToro
• ETXCapital vs Pepperstone