We found 11 online brokers that are appropriate for Trading South Korean Won Investment Platforms.
South Korean Won strengthened following the falling of KRW-USD exchange rates that reached the lowest point after almost two years. The fall was even predicted to extend and break the 1000 level in 2021. It certainly ends the prolonged weak South Korean Won against the United States Dollar, and the linkage is evident between the two currencies. The strengthening KRW would bring differences in the country's economy, but there are always negative and positive sides to the monetary policy taken by the central bank.
It's been evident that the South Korean Won would strengthen as the USD weakened. The closest point of the weakening USD was Biden's fiscal expansion that became common expectations. As exchange rates fell, the South Korean Won experienced strengthening towards the United States Dollar.
As Joe Biden secured his victory in the presidential election, the climate led the USD to weaken, strengthening the KRW. The USD value was declining in response to the newly elected president that drove anticipation of expansionary measures at a large scale. The new president, throughout his campaign, made it clear to bring remediating financial policies.
The declining value of USD has consequently boosted the strength of currencies in notable emerging economic countries like South Korea. Therefore, the weak USD means a stronger KRW for certain reasons. Not only for the KRW, but the other nine currencies were also strengthening following the election-driven USD decline, according to the report. They include Indonesian Rupiah(5.9%), South African Rand(7%), and the Mexican Peso(8.8%). The South Korean Won itself experienced a rise at 4.9%, where the market trends were recorded to shift since October 2020. The data was translated from JP Morgan EMBI that experienced rises at 2.6% in the meantime.
The KRW-USD exchange would continue declining as the Yuan strengthened and the Dollar weakened in value. The Bank of Korea explained that the decline follows the general expectations of global economic recovery from the pandemic hit. These are shown by the positive economic indicators, including the current economic growth rate and account surpluses status. This particular condition is ongoing. It allows the South Korean Won to gain from the recovery whose impact is quite obvious, the strengthening currency.
At this point, we can conclude that different factors affect the KRW value, and they come from outside and inside. It's not only because of the trade war between the US and China, but South Korea has a relatively sound economic condition. It explained how the South Korean Won rose even though the global economic recovery wasn't culminating yet and why we witnessed the strengthening of the KRW after a while.
When USD gets weakened and Yuan strengthened, the combination is a positive measure for the South Korean Won as it would bring the currency's exchange rate into a decline. It's simply reflecting how the US election-driven support measures were anticipated in general. On the other hand, it's also a reflection of how China and South Korea have positive economic recovery trends throughout the hard times. Both of them are favourable factors that contribute to the rise of the South Korean Won value.
The South Korean Won has even become one of the strongest currencies among major economies. The strengthening was recorded to start in September 2020. Among the most favourable factors in the strengthening KRW, the US presidential election was the winner. Still, there are more critical factors, including the collective global economic recovery and the financial support policies in the meantime. These inform us that USD's weakening would likely extend, and along with the strengthening Yuan, the condition ultimately favours KRW's rises. In other words, the prolonged weak USD could mean a prolonged strong South Korean Won.
The trends of account surplus and growing domestic exports would even firm the strong KRW. Even the authorities were confident that the currency would likely remain strong in 2021 following the strong Yuan and the country's export recovery. At this point, the South Korean Won's strength would depend on the China-US constellation and domestic export performance.
Of course, the global economy is subject to uncertainties and foreign exchange authorities' interventions, especially central banks of major economies. However, the export-based industry is the front-liner on this strengthening currency situation. For them, the strong KRW is too rapid, and it needs to slow down. As the Chinese government has put some efforts to halt the strengthening Renminbi, the South Korean government would likely follow the same steps and make the rapid rise of the KRW more manageable. There are multiple variables taken into account with the South Korea Won, strengthening and weakening. The constellation between the Chinese government and Biden's new administration would likely play a key role for a while.
We have conducted extensive research and analysis on over multiple data points on Weak South Korean Won to present you with a comprehensive guide that can help you find the most suitable Weak South Korean Won. Below we shortlist what we think are the best South Korean Won Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Weak South Korean Won.
Selecting a reliable and reputable online South Korean Won 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 Korean Won Investment Platforms more confidently.
Selecting the right online South Korean Won 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 Korean Won Investment Platforms trading, it's essential to compare the different options available to you. Our South Korean Won 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 Korean Won Investment Platforms broker that best suits your needs and preferences for South Korean Won Investment Platforms. Our South Korean Won Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top South Korean Won Investment Platforms.
Compare South Korean Won Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a South Korean Won Investment Platforms broker, it's crucial to compare several factors to choose the right one for your South Korean Won Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are South Korean Won Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more South Korean Won Investment Platforms that accept South Korean Won 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 Korean Won 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 Korean Won Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top South Korean Won Investment Platforms below.
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