South korea brokers for 2024

We found 11 online brokers that are appropriate for Trading South Korea Brokers Platforms.

South Korea Brokers Guide

Analysis by Andrew Blumer, Updated Last updated - April 26, 2024

South Korea Brokers

Choosing the right South Korean forex broker can be a challenge, but this guide is here to help, especially for [beginner/experienced] traders. We'll navigate the complexities, focusing on crucial factors like FSC regulation, broker safety measures, and transparent fee structures. Our unbiased analysis equips you with the knowledge to confidently choose a broker that aligns with your trading goals and offers benefits like Korean language support and localized payment methods, ultimately enhancing your trading experience.

Best South Korean Brokers

This guide is suitable for both beginners and experienced traders in South Korea and highlights some of the best forex brokers for South Korean traders in 2024. Whether you're a beginner or an experienced trader, there's a broker here that caters to your needs.

Remember: It's important to thoroughly research any broker before depositing funds. Consider factors like regulation, fees, account types, and trading platforms to find the best fit for your needs.

IC Markets

IC Markets Platform Overview

IC Markets stands out as a robust choice for South Korean traders, especially those who prioritize precision and speed in their trading endeavors. Their array of advanced trading platforms, including MT4, MT5, cTrader, and TradingView, ensures efficient execution with minimal latency, averaging an impressive 40ms. This speed is crucial in South Korea's dynamic trading environment. Furthermore, IC Markets' commitment to tight spreads across various financial instruments, from Forex to cryptocurrencies, aligns well with the preferences of South Korean traders who value cost-effective trading. Additionally, features like free low latency VPS and sophisticated trading automation options cater to the discerning requirements of South Korean traders, making IC Markets a favored choice in the region. Ideal for precision traders seeking fast execution and tight spreads across various assets.

IC Markets is favored by experienced South Korean traders due to its tight spreads, fast execution, and access to a wide range of assets, including Forex, commodities, indices, and cryptocurrencies. Its regulation by ASIC (Australia) and CySEC (Cyprus) provides South Korean traders with confidence in a strong regulatory environment.

RoboForex

RoboForex Platform Overview

RoboForex presents an appealing proposition for South Korean traders seeking flexibility, competitive fees, and advanced trading tools. The high leverage and ultra-competitive spreads, starting virtually at zero, are particularly attractive to South Korean traders aiming to maximize returns. The platform's adaptability across various interfaces, including MT4 and MT5, ensures seamless trading experiences for South Korean traders, regardless of their location or device. South Korean traders who appreciate swift execution capabilities and the ability to capitalize on rapid market movements across diverse trading instruments will find RoboForex compelling. However, it's important for South Korean traders to remain mindful of the associated higher risk. Overall, RoboForex's intuitive design and advanced features make it a preferred choice for South Korean traders looking to navigate the global financial markets effectively. Attractive for those who value competitive fees, leverage, and advanced tools (be mindful of higher risks).

eToro

eToro Screenshot

eToro's unique platform, which combines social trading with traditional brokerage services, holds significant appeal for South Korean traders. With over 30 million users globally, eToro offers a vast community for South Korean traders to engage with and learn from. The platform's user-friendly interface and community-driven trading insights make it ideal for South Korean traders who value ease of use and collective wisdom in their trading decisions. Additionally, eToro's regulation by CySEC and the FCA (UK) ensures a high level of safety for South Korean traders, enhancing trust and confidence in the platform. Unique platform that combines social trading with traditional brokerage (ideal for ease of use and a community-driven approach).

XTB

XTB Platform Overview

XTB's emphasis on in-depth market analysis and educational resources makes it an excellent choice for South Korean traders who are keen on enhancing their trading skills and knowledge. The extensive suite of research tools provided by XTB caters to both novice and experienced South Korean traders, allowing them to make informed trading decisions. Moreover, XTB's regulatory oversight from the FCA and CySEC provides South Korean traders with a secure and compliant trading environment, instilling confidence in their trading activities. Excellent for traders seeking in-depth market analysis and educational resources.

XM

XM Screenshot

XM emerges as an excellent choice for South Korean traders seeking a well-rounded platform with a strong focus on customer support. Their range of account types and diverse trading instruments caters to the varied preferences of South Korean traders. The availability of reliable customer support is particularly appealing to South Korean traders who prioritize assistance and guidance in their trading journey. Additionally, XM's regulation by ASIC, CySEC, and the IFSC ensures a high degree of regulatory oversight, enhancing trust and confidence among South Korean traders.Well-rounded platform with strong customer support and a variety of account types.

Pepperstone

Pepperstone Platform Overview

Pepperstone's commitment to customer satisfaction and diverse trading offerings makes it an attractive option for South Korean traders with varied preferences. Whether South Korean traders are interested in traditional trading or exploring alternative asset classes, Pepperstone's comprehensive suite of options caters to their diverse needs. Furthermore, Pepperstone's regulatory oversight from the FCA and ASIC ensures the highest standards of integrity and reliability, providing South Korean traders with confidence in their trading activities.Diverse trading offerings and a focus on customer satisfaction.

AvaTrade

AvaTrade Screenshot

AvaTrade's versatility in funding and withdrawal options, along with its focus on community and cost-efficiency, makes it a preferred choice for South Korean traders. The availability of the mobile app, AvaTradeGo, and the social trading platform, AvaSocial, enhances convenience and fosters a sense of community among South Korean traders. Moreover, AvaTrade's commission-free structure aligns well with the cost-conscious nature of South Korean traders, allowing them to retain more of their profits. Overall, AvaTrade is the ideal choice for South Korean traders seeking flexibility, community engagement, and cost-efficiency in their trading endeavors.Versatile funding options, mobile app, and commission-free structure (ideal for cost-conscious traders).

FP Markets

FP Markets Screenshot

FP Markets blends technology and trading to offer South Korean traders an exceptional experience. With enhanced features on the MetaTrader 4 and 5 platforms, FP Markets optimizes the trading experience for South Korean traders. Competitive spreads and a wide range of trading options allow South Korean traders to tailor their trading approach with precision. This broker is perfect for traders who demand advanced technology without compromising cost efficiency, providing South Korean traders with a comprehensive digital trading arsenal. Advanced technology on MT4/MT5 platforms with competitive spreads.

Understanding the Regulatory Environment in South Korea

South Korea's financial markets are overseen by the Financial Services Commission (FSC). The FSC plays a vital role in ensuring stability, fairness, and consumer protection within the financial sector. This regulatory environment is a crucial factor for traders to consider when choosing a forex broker in South Korea.

FSC Regulation: Look for brokers that are licensed and regulated by the FSC. This ensures they adhere to strict financial standards and consumer protection measures. Account Segregation: Reputable brokers segregate client funds from company funds, offering an additional layer of security in case of bankruptcy. Transparency: Choose brokers that provide clear and transparent information about fees, spreads, and trading conditions.

By understanding these key points, South Korean traders can make informed decisions and choose a safe and secure trading environment.

Evaluating Broker Credentials and Safety Measures

Ensuring Regulatory Compliance for Online Brokers in South Korea

When it comes to selecting the best online brokers, a thorough evaluation of their credentials and safety measures is paramount. This includes verifying regulatory compliance, understanding the protection offered against negative balance, and confirming the segregation of client funds.

Let's delve deeper into these critical aspects.

Checking a Broker's Regulatory Status

The legitimacy of brokers for new and experienced traders in South Korea is confirmed by their regulatory status with the Financial Services Commission (FSC). By consulting with the FSC, investors can ensure the broker compliance with regulations, a crucial step in safeguarding against potential risks associated with offshore brokers.

This vigilance in verifying a broker regulatory status is key to ensuring a safe and secure trading experience.

Importance of Negative Balance Protection

In the volatile world of financial markets, negative balance protection acts as a shield for retail investors. It ensures that they cannot lose more money than they have in their retail CFD accounts, even when engaging in leveraged investments such as spread bets and Contracts for Difference (CFDs).

This protection guards clients against potential debts that could exceed their investment, maintaining the financial security of retail investor accounts, especially during volatile market conditions.

Segregation of Client Funds

Segregation is a common practice for FSC-regulated brokers in South Korea. A safety measure important for all traders, segregation of client funds, is a requirement for brokers. This means that brokers available in South Korea must keep client funds in separate accounts from corporate funds, creating a layer of security that shelters client assets from potential mismanagement or misuse. This segregation ensures protection against the broker's financial instability and prevents the misuse of funds, reducing liquidity risk and providing assurance that traders' funds are secure.

Deciphering Trading Costs and Fees

Understanding Korean Trading Costs and Fees for Forex Trading

Trading costs and fees are another crucial step in choosing the best trading platform in South Korea. These costs, including commission, spreads, and other trading costs, are key criteria for selecting an online broker. Additionally, there are also non-trading fees to consider.

Let's break down these fees to help you make a more informed decision.

Breakdown of Trading Fees

Trading fees vary among brokers in South Korea. Some online platforms now offer low trading fees, even providing zero-dollar trading for many stocks and Exchange-Traded Funds (ETFs), a trend initiated by competitive pressures and the movement towards commission-free trading.

Discount Brokers:

While discount brokers offer a compelling option, there are also other types of brokers available in South Korea, such as full-service brokers who provide a wider range of products and services, often with higher fees.

In South Korea, it's important to compare these fees among FSC-regulated brokers to find the most cost-effective option.

Non-Trading Fees to Watch Out For

Beyond trading fees, there are also non-trading fees to consider. These include charges like account maintenance fees, deposit/withdrawal fees, and inactivity fees, which are not directly related to executing trades.

For instance, inactivity fees are applied to accounts that have not conducted trading for extended periods, typically starting from six months of inactivity. However, traders can avoid paying these fees by executing trades or simply logging into their accounts periodically, depending on the broker's policy.

Selecting the Best Trading Platform for Your Needs

Selecting the Best Trading Platform for South Korean Traders

Once you've understood the regulatory environment and trading costs, the next step is to select a trading platform that best suits your needs. The best trading platform will offer features that align with your experience level (beginner, intermediate, advanced) and trading goals, while also providing mobile convenience.

Let's delve into these aspects to help you make a more informed choice.

Features to Consider (For Beginner and Intermediate Traders)

Advanced Features (For Experienced Traders)

By considering these features, you can choose a platform that caters to your current skill level and future trading aspirations.

Mobile Trading Convenience

In today's digital world, the convenience of mobile trading cannot be overstated. Mobile platforms are readily available in South Korea, offering traders the flexibility to execute trades from virtually anywhere. This mobility is critical for capitalizing on market movements at any time and from any location.

The use of mobile platforms can lead to more timely trade execution and potentially better trade management due to the immediacy of trading actions.

Account Options and Asset Variety

After selecting a suitable trading platform, it's important to explore account options and asset variety. Forex trading accounts provided by top brokers in South Korea can be categorized into different types to suit various trading styles and experience levels. Let's delve deeper into these options.

Exploring Different Account Types

Forex trading accounts come in various types such as standard trading accounts, mini trading accounts, and managed accounts. Each offers distinct features, such as varying minimum deposit requirements and different levels of risk involvement. Traders can choose a forex trading account type that best suits their trading strategies and risk tolerance.

It's important to note that the account opening process in South Korea can vary depending on the broker, ranging from a few minutes to a few weeks.

Diverse Asset Classes for Trading

Diversification is key to any successful trading strategy. Therefore, access to a wide range of financial assets is essential. South Korean investors, particularly those considering international brokers, can access a variety of asset classes, including domestic stocks and global markets. Some popular brokers offering such options include IC Markets, RoboForex, XTB, Pepperstone and XM. These brokers are known for providing robust research and analytical tools, various account services, transparent fee structures, and a broad array of investable assets.

By carefully considering these factors, South Korean traders can choose a forex trading platform that aligns with their needs and trading goals.

Innovative Trading Features and Support Services

Innovative Trading Features and Support Services for South Korean Traders

Trading features are becoming increasingly popular among South Korean forex traders. The best forex brokers in South Korea offer innovative trading features such as social and copy trading, free Virtual Private Server (VPS) hosting, and robust 24/7 multi-lingual customer support services. As a forex broker, it’s essential to stay ahead of the curve and provide these cutting-edge services to clients.

Let's explore these features and services in more detail.

Social and Copy Trading Opportunities

Social and copy trading allow less experienced traders to participate in financial markets by:

Even expert traders can gain new trading insights and ideas from their peers by utilizing copy trading platforms.

The Advantage of Free VPS Hosting

Free VPS hosting is another innovative feature that enhances trading performance. Particularly favored by algorithmic traders, free VPS hosting provides execution speed and reliability advantages.

The ability to execute trades more swiftly and the stable environment provided by free VPS hosting is valuable for traders utilizing high-frequency trading strategies and algorithms.

Importance of Customer Support

Effective customer service in online trading is critical for enhancing the overall trading experience. It provides immediate assistance and support, ensuring traders have access to assistance when needed and that issues are resolved promptly.

This greatly enhances the overall trading experience, making sure that traders can focus on their trades rather than technical issues.

Navigating Risks and Leveraging Education

Managing High Risk in Forex Trading for South Korean Traders

Trading, like any investment, comes with risks. It's important to understand how to navigate these risks and leverage educational tools to develop personalized strategies and systems.

Let's explore how to manage the high risk of losing money rapidly and how to utilize educational tools.

Managing the High Risk of Losing Money Rapidly

Trading involves the risk of losing money rapidly, especially when using leverage. To manage these risks, you can use the following tools:

USD/KRW Stop Loss Example

This is a simplified example of a stop loss on a USD/KRW currency pair trade and actual calculations may vary depending on the broker's platform or conversion rates.

Position Size: With $10,000, you can buy approximately 13,797,000 KRW at an entry price of 1379.70 KRW per USD.

Stop Loss Level: Setting your stop loss 20 pips below the entry price, the stop loss level would be approximately 1359.70 KRW per USD.

Risk Amount: You are prepared to risk $200 on this trade, which corresponds to a move of about 20 pips given the position size and assumed value per pip.

This setup means if the USD/KRW pair falls to 1359.70, your trade will automatically close to prevent losses beyond $200.

By utilizing these tools, you can better manage the risks associated with trading.

Cultivating a mindset that anticipates the possibility of financial loss and pre-determines the acceptable loss amount per trade is also essential.

Utilizing Educational Tools

Educational tools can significantly enhance trading knowledge and skills. Forex traders in South Korea are encouraged to develop personalized strategies and systems by accessing educational resources and tools tailored to their needs. Online courses offer structured learning for traders at various levels and include video tutorials, quizzes, and assignments for effective concept application.

Additionally, social trading platforms enable traders to learn from one another and share strategies. While these platforms can be a valuable resource, it's important to remember that not all shared strategies will be successful. Beginners should use social trading platforms cautiously and focus on learning core trading concepts before attempting to copy others' trades.

What is the role of the Financial Services Commission in South Korea?

The Financial Services Commission (FSC) in South Korea is primarily responsible for ensuring the stability and fairness of the country's financial markets. This means they oversee forex brokers and other financial institutions to protect investors.

What are some of the safety measures offered by brokers (for beginners)?

Brokers offer several safety measures to ensure the security of your investments and create a safer trading environment. Here are some key ones:

By understanding these safety measures, you can choose a forex broker that prioritizes client protection.

What are some of the fees involved in trading?

Some of the fees involved in trading include commissions, spreads, account maintenance fees, deposit/withdrawal fees, and inactivity fees. Be aware of the various costs associated with trading to make informed decisions when comparing brokers.

What are some of the innovative trading features offered by brokers?

Some innovative trading features offered by brokers include social and copy trading, as well as free Virtual Private Server (VPS) hosting. These features can enhance your trading experience and help you make more informed decisions.

How can I manage the risk of losing money rapidly?

To manage the risk of losing money rapidly, you can use tools like stop-loss orders, position sizing, and risk-reward ratio calculators. It's also important to cultivate a mindset that anticipates financial loss and pre-determines the acceptable loss amount per trade.

Your Guide to Choosing a Broker in South Korea Verdict

This guide provides a comprehensive overview of the factors to consider when choosing a forex broker in South Korea. By understanding the regulatory environment, broker credentials and safety measures, trading costs and fees, platform features, account options, innovative features, and risk management strategies, you can make informed decisions and confidently enter the world of online forex trading.

To navigate the Korean financial markets successfully, experienced traders understand the importance of a thorough grasp of the regulatory environment overseen by the Financial Services Commission (FSC) and prioritize evaluating the credentials and safety measures offered by brokers to ensure secure investments.

Understanding the trading costs and fees involved is crucial for effective financial management. Selecting the optimal trading platform that suits your expertise level—whether you're looking for features catered to beginners, intermediates, or advanced traders—is key. Mobile trading convenience is particularly important for dynamic market engagement in Korea. Additionally, exploring a variety of account options and asset types, while leveraging innovative trading features and robust support services, can significantly enhance your trading experience. Some Korean brokers even offer social or copy trading features, which can be valuable tools for beginners. Above all, effective risk management strategies are indispensable to safeguard your investments and ensure long-term success in the markets.

This guide to choosing a forex broker in South Korea offers a detailed look at the essential factors to consider for successful online trading. It covers the regulatory environment, specifically the role of the Financial Services Commission (FSC), along with broker credentials and safety measures. Additionally, it discusses trading costs and fees, various platform features tailored for different levels of traders, account options, and innovative trading features. A focus on risk management strategies is essential for navigating the Korean forex market. The guide concludes with actionable advice for traders to start comparing platforms to find one that aligns with their trading objectives and goals.

Utilizing the information and insights provided in this blog post, traders can confidently navigate the Korean forex market and embark on their online trading journey.

Now that you have a better understanding of forex brokers in South Korea, you can start comparing platforms to find the one that best suits your needs and trading goals.

Here are some additional resources you may find helpful:

Financial Services Commission (FSC) Korea: https://www.fsc.go.kr/eng

Disclaimer: Trading forex carries a high level of risk and may not be suitable for all investors. Please consider your investment objectives, risk tolerance, and experience level before making any trading decisions.

We have conducted extensive research and analysis on over multiple data points on South korea brokers to present you with a comprehensive guide that can help you find the most suitable South korea brokers. Below we shortlist what we think are the best South Korea Brokers Trading Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching South korea brokers.

Reputable South Korea Brokers Checklist

Selecting a reliable and reputable online South Korea Brokers Trading 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 South Korea Brokers Trading Platforms more confidently.

Selecting the right online South Korea Brokers Trading 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.

Compare Key Features of South Korea Brokers Trading Platforms in Our Brokerage Comparison Table

When choosing a broker for South Korea Brokers Trading Platforms trading, it's essential to compare the different options available to you. Our South Korea Brokers Trading 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 South Korea Brokers Trading Platforms broker that best suits your needs and preferences for South Korea Brokers Trading Platforms. Our South Korea Brokers Trading Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 South Korea Brokers Trading Platforms of 2024 compared

Here are the top South Korea Brokers Trading Platforms.

Compare South Korea Brokers Trading Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a South Korea Brokers Trading Platforms broker, it's crucial to compare several factors to choose the right one for your South Korea Brokers Trading Platforms needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are South Korea Brokers Trading Platforms. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more South Korea Brokers Trading Platforms that accept South Korea Brokers Trading Platforms clients.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade FP Markets EasyMarkets SpreadEx FXPro
Rating
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
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
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+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
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
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
  • Live chat
  • Phone support
  • Email 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
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
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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
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All South Korea Brokers Trading Platforms in more detail

You can compare South Korea Brokers Trading 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 South Korea Brokers Trading Platforms for 2024 article further below. You can see it now by clicking here

We have listed top South Korea Brokers Trading Platforms below.

South Korea Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 1000000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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
eToro
(4/5)
Min deposit : 100
Visit eToro Try a Demo Read review

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.

eToro was established in 2007 and is used by over 30000000+ traders. 76% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by 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
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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)
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)

Learn more Learn more about IC Markets.
Losses can exceed deposits
TRADE NOW Try IC Markets today
Losses can exceed deposits