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Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Top Rated Asian Forex Brokers

By Christopher Lewis
Reviewer Adam Lemon
Fact-checker DailyForex.com Team
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.

If you’re looking to trade Forex in Asia, you’re in the right place and in good company. With retail Forex and CFD trading on the rise across the globe, Asia remains one of the most exciting places to trade Forex due to emerging markets. We’ve spent the hundreds of hours of research on Forex brokers in Asia for you, so that you can choose the top Forex brokers in Asia for your trading.

1
4.9/5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Actionable trading signals & quality beginner education.
VPS hosting for 24/5 low-latency trading.
2
4.9/5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Websites in Chinese, Korean, Indonesian, Vietnamese, and Thai.
Deposits and withdrawals in 11+ Asian currencies & cryptocurrencies.
3
4.5/5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Websites in Chinese, Indonesian, Malaysian, and Thai.
Cryptocurrency deposits and local currency options.

  • FXTM, Best all-around broker with high floating leverage and fast execution.
  • FP Markets, ECN trading with leverage up to 1:500.
  • Eightcap, Competitive pricing + excellent daily videos.

Best Angola Brokers Comparison

Regulators
CMA, CySEC, FCA, FSC Mauritius, FSCAASIC, CMA, CySEC, FSCAASIC, CySEC, FCA, SCB
Year Established
201120052009
Execution Type(s)
ECN/STP, Market MakerECN/STPECN/STP, Market Maker
Minimum Deposit
$200
$100
$100
Average Trading Cost EUR/USD
0.1 pips1.2 pips1.0 pips
Average Trading Cost GBP/USD
0.2 pips1.4 pips1.2 pips
Average Trading Cost Gold
$0.18 $0.16$0.12
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformMetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-basedMetaTrader 4, MetaTrader 5, Trading View
Islamic Account
Negative Balance Protection
N/A

FXTM

In Summary Best all-around broker with high floating leverage and fast execution

FXTM ranks among my top choices for best Asian Forex brokers due to its ultra-low trading fees. The Advantage account has a minimum deposit requirement of $500 but offers traders raw spreads of 0.0 pips for a commission of $0.80 and $4.00 per 1.0 standard round lot. Most brokers ask for $20,000+ for trading fees this low. Therefore, FXTM is ideal for scalpers and algorithmic traders.

The high-quality price improvement technology decreases trading fees by an average of $3.00 per round lot. FTXM caters to mobile and copy traders via its user-friendly mobile apps FXTM Trader and FXTM Invest.

Read more on FXTM »
4.9/5 in this category

Pros & Cons

  • Excellent commission-based Forex pricing environment and transparency
  • Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
  • Quality market research and educational content for beginner traders
  • A highly regulated broker with a tier-1 license
  • No cryptocurrencies and limited choice of commodities

FP Markets

In Summary ECN trading with leverage up to 1:500

I rank FP Markets among the best Asian Forex brokers for copy traders and account managers. Copy traders get the proprietary FP Markets solutions, embedded MT4/MT5/cTrader copy trading services, fee-based Signal Start, and the well-known Myfxbook Autotrade. FP Markets offers MAM/PAMM accounts to licensed account managers.

Traders get a 12-plugin MT4/MT5 upgrade plus Trading Central and Autochartist. Commission-based trading fees start with raw spreads from 0.0 pips for a commission of $6.00 per 1.0 standard round lot. FP Markets maintains a well-balanced asset selection, offers 24/7 multilingual customer support, and grants quality education and research to beginner traders.

Read more on FP Markets »
4.9/5 in this category

Pros & Cons

  • Choice of trading platforms and auxiliary trading tools
  • Very competitive cost structure and excellent asset selection
  • Low minimum deposit requirement and leverage of up to 1:500
  • Well-regulated and trustworthy
  • Availability of Iress geographically restricted

Eightcap

In Summary Competitive pricing + excellent daily videos

I rank Eightcap among the best Asian Forex brokers featuring an advanced trading environment due to Capitalise AI, enabling algorithmic trading in a code-free environment in MT4. It also upgrades MT5 with the FlashTrader plugin and presents news traders with its AI-powered economic calendar.

Eightcap maintains a well-balanced asset selection of liquid trading instruments, including 100+ cryptocurrency CFDs. Traders also benefit from competitive commission-based trading fees with spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot. Eightcap connects social traders with 50M+ peers at TradingView, while beginners benefit from Eightcap Labs and Trade Zone.

Read more on Eightcap »
4.5/5 in this category

Pros & Cons

  • Low minimum deposit and high leverage of up to 1:500
  • Competitive cost structure
  • Excellent technology infrastructure and seasoned management team
  • Daily research and quality educational content
  • Limited leverage in some areas

What to Look for in an Asian Forex Broker

Choosing the right Asian Forex broker is critical. However great at trading you may be, trading with the right broker is important to maintaining your profitability. You might be at the top of your game, but if the broker you’re trading through is not regulated, has high spreads, offers inadequate trading tools, or falls short of any of the other important ingredients that make a great Forex broker, you may be compromising your hard-earned profits..

Let’s take regulation, for example. Many brokers who operate in the Forex hotspots of Southeast Asia have found it difficult to comply with what they consider to be a complex, unclear, costly and unfriendly regulatory environment. In Indonesia, for example, only brokers who are locally licensed can set up a local office. Labuan, which is part of Malaysia, grants licensure to international CFD and Forex brokers, but that still doesn’t allow those brokers to operate in Malaysia proper.

Instead, many of these brokers simply operate without regulation, which can be dangerous for Forex and CFD traders. Still, it's important to consider two things: firstly, many brokers that remain unregulated in Asia do maintain offshore regulation which can protect traders and provide confidence, such as Britain’s FCA, Australia’s ASIC, and others. Secondly, there are some unregulated brokers that may have a solid reputation that would be worth considering under the right circumstances. For example, unregulated brokers can offer higher leverage and bonuses that regulated brokers often can't match. Though these might be enticing, traders should carefully consider whether trading with an unregulated broker is a worthwhile risk.

(We should probably mention that the Philippines has no regulatory framework for Forex brokers as of yet, so use caution if you’re thinking about trading in that neck of the woods. You'll have no choice but to choose a local, unregulated broker, or an internationally-regulated broker.)

Asian Trading Hubs

As I mentioned, Singapore remains perhaps Asia’s largest Forex trading hub. Over 30 Forex futures and options contracts are available for trading in Singapore, and the Monetary Authority of Singapore has already licensed around 150 brokers. In fact, the world’s five largest banks have their regional Forex trading and sales teams based out of Singapore, so it’s definitely the place to be.

Japan is also a particularly important base for Forex trading, because the Asian trading session is hosted in Tokyo. The Asian session begins at 12:00 GMT and accounts for 20% of all Forex trading volume. Furthermore, about 16.8% of all Forex transactions involve the Japanese yen, though you certainly don't need to be based in Japan to trade yen-based pairs.

Another major financial center in Asia is Hong Kong, followed by other countries such as Indonesia, Malaysia and Thailand.

Forex Trading Regulations in APAC

The APAC region has several trusted and capable regulators. Among them are the Monetary Authority of Singapore, the Hong Kong Monetary Authority, the Financial Markets Authority (New Zealand), the Australian Securities and Investments Commission, and the Financial Services Agency (Japan).

Singapore and Hong Kong are primary global financial centers, Japan remains a core Forex market, which officially kicks off each daily trading session, Australia is a dominant regional player, and New Zealand offers a healthy mix of regulation and competitiveness while emerging as a crucial hub for FinTech companies.

The APAC region has a good mix of respected regulators, and many international brokers obtain licenses from at least one of the above five regulators. Overall, Forex trading in Asia can thrive due to the active regulatory environment, where FinTech fulfills a growing role, and innovative trends that may disrupt the Forex market can often trace their origins to the APAC region.

Is Foreign Exchange Trading Legal in Asia?

Forex trading is legal across Asia. It represents a core growth market for brokers. Asia is home to some well-known and globally respected regulators and leading brokers. The Asian retail Forex market relies heavily on traditional account management, available via MAM/PAMM accounts, and copy and mobile trading, which makes mobile apps popular. It is also home to an active affiliate market for passive income generation and a primary destination for webinars, seminars, and in-person educational sessions.

How to Start Trading Forex in Asia Pacific

Forex trading is a highly skilled profession, and traders must approach and respect it as such, which makes investing in education the critical first step. Beginners should not rush through or skip this process as it will lay the foundation for success.

Another vital step for Forex trading in Asia is broker selection. While certain preferences differ, traders should manage their portfolios with a regulated broker, offering competitive trading fees and a cutting-edge trading platform. Balanced asset selection, low-cost payment processors, and a local presence are additional factors to consider.

Beginners can use demo accounts to familiarize themselves with the trading platform while evaluating trading conditions. A Micro account is an ideal solution to learn Forex trading in live market conditions and usually requires a small minimum deposit of $10 or less.

Risks of Trading Forex in Asia

The lack of education, despite its availability, remains the primary risk of Forex trading in Asia. It can create an environment scammers and fraudsters can exploit, using social media to promote doctored account statements and unrealistic trading performance. Educated Forex traders will understand what Forex trading is and can spot scams and frauds.

Other dominant risks of Forex trading in Asia are:

  • Reliance on demo accounts as a simulation tool, which can’t give traders valuable exposure to trading psychology, and can create a false sense of accomplishment.
  • Inadequate hardware, no quiet place to trade, or using mobile apps solely for Forex trading rather than monitoring copy trading and account management, can create sub-standard trading conditions sabotaging potential success.

What Is the Best Trading Platform in Asia-Pacific?

While it depends on individual preferences and requirements, the MT4 trading platform remains the most popular option for Forex trading in Asia.

These are the primary reasons MT4 dominates the retail Forex sector:

  • The most versatile trading infrastructure.
  • Full support for algorithmic trading.
  • API trading for advanced algorithmic trading solutions.
  • Integrated copy trading services from multiple third-party providers.
  • 25,000+ EAs, plugins, and custom indicators.
  • Widespread availability, easy to swap between brokers.
  • Active and supportive community of traders, developers, and educators.
  • User-friendly mobile app.

Noteworthy:

  • MetaQuotes Software, the developer of MT4, officially stopped support in favor of MT5, but adoption of this platform remains slow amid the lack of backward compatibility to MT4, but most brokers continue to support MT4 actively.
  • cTrader is the second-most used trading platform, which provides a superior out-of-the-box platform, but trails in upgrades due to a notably smaller user base.

Bottom Line

Forex trading in Asia is one of the fastest-growing Forex markets globally. It is home to a well-regulated trading environment, core global financial centers, and a young, tech-savvy population that embraces innovative Forex trends. Trading with the right broker, experienced and educated Forex traders in Asia can embark on a successful Forex career, but success is unlikely without education and practice.

You might also be interested in reviewing the top brokers below:

FAQs

Is Forex legal in Thailand?

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Not only is Forex legal in Thailand, but it has a solid regulatory framework set by the Bank of Thailand and the Thai Securities and Exchange Commission (SEC). Many retail investors invest in foreign securities in Thailand.

What Forex pairs move the most during the Asian trading session?

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The pairs that move the most in the Asian session are usually the major JPY pairs, such as the USD/JPY, EUR/JPY and AUD/JPY. You also have the GBP/USD which makes large moves as well, depending on the market.

Can I trade Forex in Singapore?

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Singapore is one of the world’s biggest Forex hotspots, and a bustling hub of Forex trading in Asia. You can find all the tools you need to trade Forex in Singapore.

Who is the best Forex trader in Asia?

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No public data exists to answer this, as the best Forex trader is likely unknown due to trades occurring directly between counterparties rather than reported centrally. Anyone who claims to be, is probably marketing a product or service to you.

Is Forex allowed in China?

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Yes, Forex trading is legal in China.

Who is the biggest broker in Asia?

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The Japanese broker GMO is the biggest retail broker in both Asia and globally.

What is the best trading platform in Asia?

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MT4 remains the best trading platform due to its versatility, availability, and full algorithmic and copy trading support. Its customizability allowed it to displace competitors.

Christopher Lewis
About Christopher Lewis
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.