Asia’s Forex trading market – everything you should know

Forex trading in AsiaAsia 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. Thanks to countries like China, India, and many others, the region has become a very popular destination for Forex traders and brokers in recent years.

One of the main reasons for 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 come up with different types of regulatory bodies to make sure that the investors in the region can stay as safe as possible.

However, because of the fact that the region is full of different cultures, the regulatory framework in most of the countries are very different from one another. Because of such differences, we have decided to discuss 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 a trustworthy FX broker that will work perfectly for you.

To make your job easier, we have done very intensive research on our own and finally were able to come up with a list of the best Forex brokers in the region. While working on this list, we made sure to focus on every single detail, including regulations, payment methods, etc. So, check out our list and start trading with some of the best Forex brokers in Asia today.

XM

XM review – One of the best Forex brokers on the market

Minimum deposit

$5

Licences

ASiC

Maximum leverage

1:30

Platforms

MT4, MT5

Oinvest

Review of Oinvest FX broker – can it be trusted?

Minimum deposit

$250

Licences

FSC

Maximum leverage

1:500

Platforms

MT4, WebTrader

IQ Option

IQ Option FX broker review – should you use it?

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.

Below, you can see some of the countries that we have already talked about.

Forex regulatory framework of Asia

Forex regulations AsiaIn recent years, as Forex trading has become a very popular field with the help of the development of the internet, many problems and challenges have arisen. To overcome these challenges, governments around the world had to do something. What basically happened was that the market became full of scam companies, and even today, these companies still continue to try to lie to 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 FX brokers with 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, this happened to make sure that the brokers are kept n 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 a huge growth in recent years in the region, and the growth is only starting.

Although the region has seen massive growth 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. Although there are many regulatory bodies in the region, you will have to be more 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 a lie. 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 they have listed the Forex brokers authorized by them. 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 is very different 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 the Forex trading still in its developing stages in the region, it is very hard 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 to always do your best to trade with authorized FX brokers.

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 the 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 the 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 safe. Even if the broker goes bankrupt and loses everything, you will still have access to your funds and will be able to easily withdraw it from your bank account. Also, 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 something goes wrong, 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?

Safest Forex brokers in AsiaAfter 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, Asian Forex brokers offer their users very exciting trading experience.

However, 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 trustworthy. Always be sure to check out regulations, different types of reviews, and only start trading once you are sure that you trusting 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.