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 eToro. Established in 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), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Another top rated broker is XTB.

XTB was established 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), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Broker	eToro	XTB	Trading212	Plus500
Year Established	2006	2002	2006	2008
Head Office	Cyprus, UK	Poland	UK	Israel
Regulation	Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)	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), Financial Supervision Commission (FSC)	Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14
Used By	12,000,000+	250,000+	14,000,000+	15,500+
Negative balance protection	No	Yes	Yes	Yes
Guaranteed Stop Loss	No	No	Yes	No
Learn More	Visit eToro	Visit XTB	Visit Trading 212	Visit Plus500
Risk Warning	75% of retail investor accounts lose money when trading CFDs with this provider.	80% 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. 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.	80.5% 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.

Are The South Korea Brokers World Leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

In addition, eToro 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. eToro 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 XTB . XTB Segregates clients funds and offers over 1,500 instruments.

Broker	eToro	XTB	Trading212	Plus500
Instruments Available	100	1,500	3000	2,000
Platforms	Web Trader, Tablet & Mobile apps	MT4, Mirror Trader, Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps	Web Trader, Tablet & Mobile apps
Excluded Countries	US, IR, KP, BE, CA, JP, SY, TR, IL	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	BE, US, CA ,CN, SG, ID, PH
Forex pairs offered	50	50	177	100
Forex pairs offered	50	50	177	100
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	0	21	14	17
Metals	Yes	Yes	Yes	Yes
Energies	Yes	Yes	Yes	Yes
Agricultural	Yes	Yes	Yes	Yes
Stocks Offered	957	1696	1731	1816
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 eToro offers competitive offers for CFDs, Social Trading. eToro minimum deposit is 200.

Another top rated South Korea broker XTB offers Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.

Broker	eToro	XTB	Trading212	Plus500
Min Deposit	200	0	1	100
Withdrawl Fees	Yes	varies	No	No
Inactivity Fees	Yes	No	No	Yes
Deposit Fees	No	No	No	No
CFD Commission Fees	No	Yes	No	No

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	eToro	XTB	Trading212	Plus500
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	Yes	Yes	Yes	Yes
Skrill	Yes	Yes	Yes	Yes
Payoneer	Yes	Yes	No	No
Neteller	Yes	Yes	No	No

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.

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

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

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

Broker	eToro	XTB	Trading212	Plus500
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, German, Spanish, French, and Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文	English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese
Learn More	Visit eToro	Visit XTB	Visit Trading 212	Visit Plus500
Risk Warning	75% of retail investor accounts lose money when trading CFDs with this provider.	80% 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. 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.	80.5% 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.

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, eToro and XTB 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

• eToro rated 4/5
• XTB rated 4/5
• Trading 212 rated 4/5
• Plus500 rated 4/5
• easyMarkets rated 4/5
• Roboforex rated 4/5
• AvaTrade rated 4/5
• FP Markets rated 4/5
• HYCM rated 4/5
• Forex.com rated 3/5
• OctaFX rated 4/5
• NordFX rated 4/5
• Admiral Markets rated 4/5
• Axitrader rated 4/5
• SpreadEx rated 4/5
• Swissquote rated 4/5
• FXPro rated 3/5
• ForTrade rated 3/5
• Eightcap rated 4/5
• Interactive Brokers rated 3/5
• Oinvest rated 3/5
• 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 eToro. We consider eToro one of the best South korea brokers because eToro is actively used by over 12000000 active traders. eToro ia regulated by tier 1 financial regulators including Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC). eToro were founded in 2006 and have a headquarters in Cyprus, UK. You can open a live trading account with eToro with as little as a 200 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 eToro. eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) and offers CFDs, Social Trading trading. You can open a live account with a min deposit of 200.

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.

• eToro Review
• XTB Review
• Trading 212 Review
• Plus500 Review
• easyMarkets Review
• Roboforex Review
• AvaTrade Review
• FP Markets Review
• HYCM Review
• Forex.com Review
• OctaFX Review
• NordFX Review
• Admiral Markets Review
• Axitrader Review
• SpreadEx Review
• Swissquote Review
• FXPro Review
• ForTrade Review
• Eightcap 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.

• eToro Alternatives
• XTB Alternatives
• Trading 212 Alternatives
• Plus500 Alternatives
• easyMarkets Alternatives
• Roboforex Alternatives
• AvaTrade Alternatives
• FP Markets Alternatives
• HYCM Alternatives
• Forex.com Alternatives
• OctaFX Alternatives
• NordFX Alternatives
• Admiral Markets Alternatives
• Axitrader Alternatives
• SpreadEx Alternatives
• Swissquote Alternatives
• FXPro Alternatives
• ForTrade Alternatives
• Eightcap 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.

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