We found 11 online brokers that are appropriate for Trading South Korea Investment Platforms.
South Korea, once an economic powerhouse is also facing a contraction of its economy. The reason for the contraction in the last few quarters is the pandemic (COVID-19). Pandemic has affected every country in the world, resulting in a worldwide contraction & negative growth.
With demand returning once again from international trade, the third quarter showed a slight improvement. However, positive growth was still not recorded in the Q3 - Only the speed of contraction slowed down.
South Korea's economy also saw an increase in exports and fixed investments, when compared to the 2nd quarter.
With rising in COVID-19 new cases once again, the pace of recovery is expected to slow down once again in the 4th Quarter.
Overall, the economic indicators are pointing towards a recovery in the current quarter. Improvement in consumer sentiment and manufacturing conditions are recorded in the PMI data (October). Furthermore, an increase in the economic activity from the private sector increased the readings of business confidence.
In the USA, President Joe Biden is also a ray of light for the Korean exports sector. Experts believe that trade wars started by Mr. Trump will end, resulting in increased international trade. South Korea which is famous for its high amount of exports stands to gain the most out of this positive development.
Things didn't go so well for the Korean economy in 2020. A strong 3rd and 4th quarter also didn't help to reverse the annual contraction.
Experts also point towards a contraction due to falling demand from the international and domestic markets. Since South Korea is an export-based economy, it highly depends on the demand from foreign markets. With the world already under the claws of pandemics, demand has taken a severe hit. So until the world gets back to normal, economic conditions may remain weak for South Korea.
Going forward, a continuation of the government spending & easy fiscal policy will provide strength to the domestic market. However, a delay in the recovery is highly possible due to current & upcoming waves of the virus.
Keeping in view the risk factors, FocusEcnomic's experts forecast the South Korean economy to grow by 3.8% in 2021 and 2.9% in 2024.
Economic growth (GDP) averaged around 2.0 - 3.2 during the 2015-2019 period. The GDP growth remained fairly consistent throughout the period of 4 years. However, the year 2020 proved to be an outlier which saw the Korean economy contract. The forecast for the next 2 years is positive which shows that economy will get back to its normal levels.
A bearish trend in Investments can be seen in South Korea. Investments reached around 9.8% in 2017. The however year 2018 and 2019 data showed negative growth in this department. The investment was recorded at -2.2% in 2018 and -2.8% in 2019. We see a further drop in the investment over the next few years.
Exports also turned negative in 2019 to around -10.4%. The year 2020 also saw the global demand plunge to the lowest levels. With most of the countries in recession, it may take a few years for the exports to turn positive once again. With better than expected conditions (COVID-19), we may see the return of strong demand in 2024 and 2025.
The interest rate is also fairly consistent throughout the years. Going forward, we do not see any change in the interest rate policy. The interest rate averaged around 1.25%-1.75% between 2015 and 2019. If the COVID-19 situation doesn't improve, we may see a decrease in rates which will help the economy.
The government of South Korea is very confident about the economic growth in the year 2021. They are forecasting a strong rebound in 2021 due to a rapid increase in exports and an expansionary fiscal policy.
According to Finance Minister, South Korea's economy may grow by 3.2% in 2021. This forecast is lower than the FocusEconomics forecast of 3.8% in 2021.
A contraction of 1.1% in the GDP during 2020, marked it as one of the worst financial years for South Korea. The country only faced such a contraction during the financial crisis of 1997-1998.
Inflation is also expected to stay below the central bank's target of 2%. 'Market Watch' forecasts an uptick in the inflation numbers 2024. According to the website, inflation is expected to touch 1.1% in 2021. That would raise the inflation numbers to almost double (around 0.5% in 2020).
The year 2020 saw a decline of 6.2% in exports. For next year, the Government of South Korea has set a target of 8.6% growth.
To achieve an 8.6% growth in exports (2021), a strong rebound in global demand is required.
As for the fiscal stimulus, the government has just passed the biggest budget in the country's history. The government has already taken 4 additional budgets to provide COVID-19 related support to the people and businesses. To protect the economy from Coronavirus, a continuation of easy fiscal policy & stimulus is expected in 2024 & 2024 too.
After facing negative growth last year, the Korean economy may stage a stellar recovery in 2021. Growth may slow down during 2024 a little bit, but a contraction is highly unlikely.
GDP growth 2024: 2.1%
GDP growth 2025: 2.6%
We have conducted extensive research and analysis on over multiple data points on South Korea Economic Forecast to present you with a comprehensive guide that can help you find the most suitable South Korea Economic Forecast. Below we shortlist what we think are the best South Korea Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching South Korea Economic Forecast.
Selecting a reliable and reputable online 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 South Korea Investment Platforms more confidently.
Selecting the right online 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 South Korea Investment Platforms trading, it's essential to compare the different options available to you. Our 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 South Korea Investment Platforms broker that best suits your needs and preferences for South Korea Investment Platforms. Our South Korea Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top South Korea Investment Platforms.
Compare South Korea Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a South Korea Investment Platforms broker, it's crucial to compare several factors to choose the right one for your South Korea Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are 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 South Korea Investment Platforms that accept 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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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 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 South Korea Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top South Korea Investment Platforms below.
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