Asia is known to be the world’s largest economic crossroads. In recent years, the continent managed to become a financial hub for many different sectors, and there are a number of reasons for it. One of the main reasons, however, is the fact that doing business in the region is very easy. Also, because of the huge population that most Asian countries have, the economies of these countries are developing at a very fast pace. When it comes to Forex trading Asia has become a very popular destination for traders and brokers in recent years thanks to the countries like China, India, Japan, and many others.
The main reason behind it is the fact that doing business in the region is very easy, the whole financial sector is developing very fast, therefore creating a great environment for investment, and last but not least, most of the countries in the region are trying to establish different types of regulatory bodies to make sure that the investors in the region can stay as safe as possible.
However, since the region is full of different cultures, the regulatory frameworks in most of the countries are very different from one another. Because of such differences, we have decided to overview Asian countries one by one and you can see detailed guides to FX trading in those countries on our website.
What are the best Asian FX brokers?
What makes a Forex broker the best one? There are many things, everything from steady performance, spotless reputation, amazing trading platforms, native language availability, and many others. Because of so many factors, it is very hard to do research on your own and find trustworthy Asian Forex brokers that will work perfectly for you.
To make your job easier, we have carried out extensive research of our own and finally prepared for you the list of the best Forex brokers in the region. The list was constructed in a way that took into account every single detail, including regulations, payment methods, and anything else that might seem important for the Forex trader. So, check out our list to get an idea of what it is like to trade with some of the best Forex brokers in Asia today.
AvaTrade
Minimum deposit
100 USD
Licences
ASIC , FSC, FSCA, FSA, FFAJ, FSRA
Maximum leverage
400:1
Platforms
MT4, MT5
HotForex
Minimum deposit
5 USD
Licences
FCA, FSA, DFSA, FSCA
Maximum leverage
1:1000
Platforms
MT5, MT4, WebTrader
Plus500
Minimum deposit
$100
Licences
FCA, ASIC, CySEC, FSCA, FMA, MAS
Maximum leverage
1:30
Platforms
WebTrader
IQ Option
Minimum deposit
$10
Licences
CySEC, FSA
Maximum leverage
1:30
Platforms
Web
What are the best Asian countries for Forex trading?
A number of countries in Asia have managed to develop the Forex trading market a lot. However, some of them are still a lot better than others. We have reviewed most of these countries one by one, you should check out our guides so that it will be easier for you to better understand everything about specific jurisdiction. Remember that Asia is a very diverse region, most of the countries have very different approaches when it comes to the financial sector, and especially the Forex trading along with the top Forex brokers that these countries have produced.
Below, you can see some of the countries that we have already talked about.
Forex regulatory framework of Asia
In recent years, as Forex trading has become a very popular field the development of the internet posed a few challenges and problems for the market. To overcome these challenges, governments around the world had to do take some kind of action. Otherwise, the market was getting full of scam companies regularly, and even today, these companies still continue to try to deceive people and get their money illegally.
To make sure that investors could stay safe, countries around the world started creating regulatory agencies, that would take care of the Forex market. These agencies are working very hard to provide the best brokers in Asia with the needed tools to make sure that they can keep their traders safe. There are many regulatory agencies in Asia, but not all of them are as trustworthy as the others.
However, in recent years, the region has proved that it stands as one of the best places when it comes to regulatory frameworks. The regulations in the region are very strict, with the main intention being to make sure that the brokers are kept in check at any moment, and in case something goes wrong, these regulatory bodies are ready to have a fast and harsh response. Thanks to these regulatory bodies, the Forex market has seen considerable growth in recent years in the region, and it seems to be still just a beginning.
Although the region has seen massive growth and quality improvement in Forex brokers in recent years, sadly, the regulatory framework is not still at the same level as the one of Europe. However, this does not mean that Forex trading is not safe in the region. Even if there are many regulatory bodies in the region, you will have to be still careful to find the brokers that are really authorized by these agencies.
In many cases, scam brokers claim to own some type of license, which, in many cases, is far from being true. To make sure that you are trading with the right Forex broker, it is a great idea to always double-check the information that you get. Mostly, regulatory bodies have special pages where you will be able to find the top Forex brokers list authorized by these authorities. It would be a very smart thing to check out these pages so that you can stay as safe as possible.
How do regulations work in the region?
Because of the fact that the Forex market specifics vary from country to country in the region, the regulations differ a lot as well. For example, China stands to be one of the countries that are the strictest when it comes to licensing FX brokers. It is so hard to get licensed in China that even internationally well-known FX brokers have a hard time getting authorization in the country.
Unlike Europe, where FX brokers can function in every country once they have received authorization from one of the EU member states, in Asia, brokers have to register in every country that they want to offer their services.
To learn more about the regulatory framework in different countries of Asia, we recommend checking out our pages created especially for Asian countries.
Why are regulations important?
Because of the fact that Forex trading still in its developing stages in the region, it can sometimes be a burden to find a trustworthy FX broker. The market is full of scam companies and the only thing that keeps you safe is the regulations that are in place. Because of this, we recommend that you always look for the top 10 Forex brokers in Asia and only trade with authorized FX brokers.
As explained above, the Asian FX market is full of different regulatory agencies, however, we would recommend trading with brokers that own local regulations in your country. We have all heard horror stories about people who trusted the wrong companies and as a result of this, they have ended up losing a lot of money. To avoid this happening to you, make sure to always trade with Forex brokers that own authorization from official regulatory agencies.
How to stay safe while trading Forex in Asia?
First and foremost, you will have to find a broker that is regulated in your country. In most cases, regulatory agencies have different types of rules and guidelines that the broker will have to follow to keep their clients safe. One of the most commonly used is account segregation. This policy provides a lot of safety to traders, and this means that the broker will have to keep the funds of their clients on segregated bank accounts.
Because of this, no matter what goes wrong, as a trader, you will be able to stay secure. Even if the broker goes bankrupt and loses everything, you will still have access to your funds and will be able to easily withdraw them to your bank account. Additionally, during trading, the broker will not have any access to your funds.
In Asia, the Investor Compensation Scheme is also very actively working. This means that brokers have to do everything to keep their clients safe. In case there is a breach in the obligatory part of the broker, this scheme will do its best to give you your lost money. However, always keep in mind that the regulatory frameworks in every single county of Asia differ a lot and it would be very smart to learn how FX trading works in your country for maximum safety.
Should you start trading Forex in Asia?
After many years of hard work, Asian countries managed to come up with a market that could offer safety and security to the investors. However, the market is still full of challenges and problems. But, this does not mean that you should not trust Asian FX brokers. In reality, any truly best Forex broker in Asia will be able to offer their users a very exciting trading experience.
Keep in mind that you need to be very careful while looking for FX brokers in the country. There are many of them actively offering their services to people, but not all of them are credible or reliable. Always be sure to check out regulations, different types of reviews, and only start trading once you are sure that you entrust your funds to the right company.
Forex trading in Asia is developing very fast and as of today, it represents one of the most popular places for Forex investors around the world, and the number of people trading in Asia is only rising every day, don’t miss your chance to join your fellow traders and start paving your path towards the success.
FAQ for Asia’s Forex market
Can you trade Forex in China?
China is one of the safest countries in Asia when it comes to trading Forex. The reason behind it is that the state has formed regulatory bodies that set strict guidelines and laws for the Forex brokers and Forex market, which ensures the security of traders’ rights. To get a license from a Chinese regulatory authority, you really have to be the best broker out there, complying with various standards determined by the corresponding regulation. Even some of the top 10 Forex brokers globally struggle to get a license from Chinese authorities as the requirements are very firm. Therefore, if you find a broker that is regulated and licensed by the Chinese regulatory body, you can feel assured that you are in the safest hands. The legal framework in China allows any person of the legal age to open a trading account with both local and international brokers and trade with any amount or any product on the market.
What is the minimum amount to invest in Forex in Asia?
The minimum investment amount depends on the broker that you choose to trade with. Most of the brokers will allow for as little as $5 as a threshold deposit and most of the time there will be no upper limits for deposits. The minimum requirements also revolve around the account type that you choose, as for example, for opening the Shares Account you would most probably need to deposit at least 10 000 US dollars. Fortunately for Asian traders, the regulations in all countries allow for brokers to offer promotional or welcome bonuses to their clients, unlike Europe which prohibits bonus and rewarding schemes altogether. Most of the top ten Forex brokers have bonus programs where they offer deposit or no deposit bonuses which enable clients to gather more funds on their trading accounts. No deposit bonuses mean that the client can start trading without making an initial deposit, which means that you can start with $0. Any profit generated by no deposit bonus will belong to the trader and will be available for withdrawal after few conditions on trading volume are met.
Do you need a license to trade Forex?
You do not need a license as a trader to trade on the Forex market, however, if you are a broker then you would prefer to get a regulation by one of the regulatory bodies in your country or region. As a trader, as long as trading is legal in your country and is not prohibited under any legislation, you are free to trade both on local and international markets. You have to be considered of the legal age though in your country of residence, in order to be eligible for opening a real trading account. However, demo trading accounts can also be accessed even if you are still a minor, which means that you can learn trading without involving actual money.
