Top Taiwan Brokers for 2020

We found 10 online brokers that are appropriate for Trading Taiwan.

Best Taiwan Brokers Guide

Taiwan Financial Markets

Taiwan Brokers

Taiwan entered the Forex arena late compared to other financial markets around the world.

Taiwan is quickly catching up as Taiwanese brokerages have proved there is demand and this has seen huge growth in this sector.

The market in Taiwan is well regulated and is based on global standards.

Some of the top-rated Taiwan brokers in the country are on par with the best in the world.

Taiwan Forex Regulations

Taiwan brokers have seen several changes over the years as gradually the Forex regulations were tightened up to keep traders safe and secure with regards to their investments.

Initially, rules were unregulated, but a couple of reforms and measures paved the path toward a healthy market.

Features of Taiwan Brokers

Deposit Methods

There are several deposit methods in the global market and most of those are acceptable at Taiwan brokers.

The popular ones include debit cards, credit cards, Skrill, Mastercard, Visa, Webmoney and wire transfer.

The security features followed in the Taiwanese financial market are based on the latest technology and hence depositing of funds is highly reliable as well as easy.

Trading Platforms

All the Taiwan brokers need to offer one of the few available well-secured trading platforms such as the most popular MetaTrader 4 or the MT4.

The MT4 trading platform comes at a comparatively lower price and trade execution on it is rapid. It supports several languages including English and Taiwanese.

The other two commonly used trading platforms are Markets Web Traders and Markets Mobile Trader.

Commissions, Spreads and Bonuses in Taiwan

Most brokers in Taiwan have some special offers to beat growing online competition from other brokerages.

Several trading sites in Taiwan offer recalling money against a bad trade.

Check what each broker is offering before you sign up.

Non-Local Taiwan Brokers

These has been a huge increase in Taiwan of locals using International online trading platforms that serve Taiwanese nationals.

The Taiwanese government has created stringent Forex rules in the country, this has caused traders in Taiwan look for better trading environments online.

Taiwan is not a United Nations member, many of the best international brokers hold regulation in major EU countries like the UK and Germany. Local Taiwanese consider some of these international trading platforms to be safer.

International brokerages are operating remotely through online platforms but abiding with the local Taiwanese regulations.

Taiwan Forex History

Bank of Taiwan reissued the Taiwanese dollar in 1949 following the shift of power from the Japanese Empire to the Republic of China.

However, the New Taiwan dollar became legal tender only after July 2000 when issuing of new bills was taken over by the Central Bank of the Republic of China.

In February 1979 the Taipei Forex Market was established and a flexible Forex system came into force.

The Central Bank of China plays an important role in taking measures when the market sometimes becomes irregular. Over the years it has promoted a healthy policy.

Taiwan Forex Regulation

Central Bank of China (Taiwan) is the regulatory body in the country and it is responsible for controlling the official currency.

Taiwan Brokers Verdict

Taiwan has strict Forex regulations and it is mostly focused on safeguarding traders.

All Taiwan brokers abide by the rules and over the years it has been proved. Forex traders may notice changes frequently but these are to tighten the rules further.

Best Taiwan Brokers

We've collected thousands of datapoints and written a guide to help you find the best Taiwan 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 taiwan brokers below. You can go straight to the broker list here.

Trading in Taiwan

When trading in Taiwan you will need to know what your options with your Taiwan trading broker are.

We list below the trading account types available in Taiwan. If you are looking for brokers in Taiwan that are suitable for trading in the Forex, CFD's, Indices and ETFs, Cryptocurrencies or commodity markets; this Taiwan broker guide will explain the things you should check and be aware of before you invest.

Forex Trading in Taiwan

Forex trading is growing in popularity in Taiwan. The volume of Forex traded in Taiwan 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 Taiwan and increased competition among brokerages have made Forex trading more accessible and reduced the costs of trading generally.

Is Forex Trading Legal in Taiwan?

Their is a misconception that trading Forex on the financial market in Taiwan is considered unsafe. This is not the case, Forex trading in Taiwan is very active.

Trading in Forex is allowed in Taiwan 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. Taiwan Forex trading is not banned, their are many international online brokers offering favourable trading conditions.

Do Forex Traders Pay Tax in Taiwan?

Once a traders profits reach a level where the income on the Forex trading can be taxed in Taiwan the trader should make sure all taxes owed for a financial year are paid. Taiwan 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 Taiwan. You should seek advice with a Taiwan tax professional to ensure they are abiding by all proper tax laws in Taiwan. In Taiwan Islamic accounts do not have additional restrictions on trades.

Cryptocurrencies in Taiwan

Cryptocurrency markets in Taiwan are relatively new. Because Cryptocurrency works on decentralised assets in Taiwan things like interest rate changes and political instability do not affect cryptocurrencies as much as the currency markets in Taiwan for example.

Due to a large young population in Taiwan with growing income levels and wide spread adaptation of online technology cryptocurrency trading volume is increasing greatly in Taiwan. $6 billion USD worth of Bitcoin is traded daily around the world.

Commodity Trading in Taiwan

In Taiwan commodity trading includes the trade in precious metals, energies and agricultural commodities.

Some commodities like metals are seeing exponential growth in Taiwan 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 Taiwan are able to take advantage of this demand.

We list brokers that allow you to trade commodities in Taiwan here.

Islamic Accounts in Taiwan

Taiwan brokers support Islamic accounts or swap-free accounts. Taiwan 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 Taiwan offer accounts that are suitable for Islamic traders. These Taiwan brokers complies with Sharia law.

Benefits of Trading in Taiwan

Taiwan economy and population is growing. The middle class population in Taiwan is increasing which means a growing consumer base. Many business and financial opportunities exist in Taiwan. Taiwan has a young population educated in technology and the internet.

Concerns of Trading in Taiwan

Taiwan 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 Taiwan 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. Taiwan Brokers offering high leverage trades in Taiwan 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 Taiwan brokers offer as a level of protection. you can learn more about further below on this guide.

Reputable Taiwan Brokers Checklist

There are a number of important factors to consider when picking an online Taiwan 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 Taiwan 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.

Our brokerage comparison table below allows you to compare the below features for brokers offering Taiwan Brokers.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Taiwan Brokers of 2020 compared

Here are the top Taiwan Brokers (TW).

Compare Taiwan Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are taiwan brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more taiwan brokers that accept taiwan clients

Broker eToro IC Markets Trading212 XTB FP Markets Pepperstone Plus500 FXPrimus Roboforex EasyMarkets
Rating
locality eToro accept Taiwan clients IC Markets accept Taiwan clients Trading 212 accept Taiwan clients XTB accept Taiwan clients FP Markets accept Taiwan clients Pepperstone accept Taiwan clients Plus500 accept Taiwan clients FXPrimus accept Taiwan clients Roboforex accept Taiwan clients easyMarkets accept Taiwan clients
Regulation Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) 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 Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) 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), The markets in financial instruments directive (MiFID) Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)
Min Deposit 200 200 1 No minimum deposit 100 200 100 100 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
Used By 12,000,000+ 60,000+ 14,000,000+ 250,000+ 10,000+ 10,000+ 15,500+ 10,000+ 10,000+ 142,500+
Benefits
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • 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
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, Web Trader, 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
Learn More Sign Up with
etoro
Sign Up with
icmarkets
Sign Up with
trading212
Sign Up with
xtb
Sign Up with
fpmarkets
Sign Up with
pepperstone
Sign Up with
plus500
Sign Up with
fxprimus
Sign Up with
roboforex
Sign Up with
easymarkets
Risk Warning 75% of retail investor accounts lose money when trading CFDs with this provider. 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. 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. Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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. Losses can exceed deposits Losses can exceed deposits Your capital is at risk
Demo eToro
Demo
IC Markets
Demo
Trading 212
Demo
XTB
Demo
FP Markets
Demo
Pepperstone
Demo
Plus500
Demo
FXPrimus
Demo
Roboforex
Demo
easyMarkets
Demo
Excluded Countries US, IR, KP, BE, CA, JP, SY, TR, IL, HK AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA US US, IN, PK, BD, NG , ID, BE US, JP, NZ BR, KR, IR, IQ, SY, JP, US BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US, JP US

All Taiwan brokers in more detail

You can compare Taiwan 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 Taiwan Brokers for 2020 article further below. You can see it now by clicking here

We have listed top Taiwan brokers below.

Taiwan Brokers List

eToro
(4/5)
Min deposit : 200
eToro was established in 2006 and is used by over 12000000+ traders. 75% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency

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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Trading212
(4/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 14000000+ traders. 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. Trading 212 offers Stocks, Forex, Commodities, Indices

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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 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. XTB offers Forex, CFDs, Cryptocurrency

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 Islamic account VIP account
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
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, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% 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 Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 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. Plus500 offers CFDs

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 Islamic account VIP account
Regulated by 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
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
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

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)