5 Best Asian Forex Brokers in [year]

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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.

Top Asian Forex Brokers

1
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.
Best all around broker
High floating leverage + fast execution
2
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.
ECN-style trading
Daily market research and Autochartist access
3
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.
High level regulation in multiple jurisdictions
Impressive range of tradeable assets including vanilla options and gold options
4
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.
Solid broker for scalping and hedging
Institutional-style trading opportunities for retail traders
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.
Most extensive crypto derivatives offering. Choice of 250+ Crypto CFDs
Multiple funding and swift withdrawal options
Ultra-low spreads across all Crypto derivatives

  • FXTM, Best all-around broker with high floating leverage and fast execution.
  • FP Markets, ECN trading with leverage up to 1:500..
  • AvaTrade, Highly regulated, choice of fixed or floating spreads.
  • BlackBull Markets, Best ECN trading environment, with scalping and hedging.
  • Eightcap, Competitive pricing + excellent daily videos.

FXTM

5.0/5 in this category
In Summary
Best all-around broker with high floating leverage and fast execution

We have made FXTM one of our top-rated brokers because in addition to its lengthy track record, it enjoys a very high level of regulation and reputation, and it offers a highly competitive fee structure which tends to keep down the cost of trading.

Pros
  • 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

  • Proprietary copy trading platform, low minimum deposit, and high leverage

Cons
  • Limited choice of cryptocurrencies and commodities

FP Markets

5.0/5 in this category
In Summary
ECN trading with leverage up to 1:500.

FP Markets is a highly trusted forex broker that was founded over 15 years ago. Based in Australia, this competitive commission-based trading platform offers users a good variety of assets comprising of over 60 currencies, 10 cryptocurrencies, more than 20 metals and commodities, over 10000 equity CDFs, and more. They are currently licensed and regulated by one of the top financial services regulators in the world namely the Australian Securities and Investments Commission (ASIC) which is a top Tier 1 regulator. They are also overseen by the Cyprus Securities and Exchange Commission (CySEC) which is based in Cyprus and considered a trusted regulator.

Pros
  • 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

Cons
  • Availability of Iress geographically restricted

AvaTrade

5.0/5 in this category
In Summary
Highly regulated, choice of fixed or floating spreads

AvaTrade is one of the largest Forex / CFD brokers and well-known for offering their clients a choice of fixed or floating spreads. They have a very high and strong level of regulation. AvaTrade is directly regulated in Ireland (and by extension, the European Union), Australia, Japan, South Africa, and the British Virgin Islands. Outside the European Union, Ava offers maximum leverage on Forex currency pairs as high as 400 to 1. AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. 2 bonds and 6 ETFs are also on the menu.

Pros
  • High-quality educational offering via SharpTrader

  • Excellent choice of trading platforms catering to various trading needs

  • Broad asset selection and cross-asset diversification opportunities

  • Well-regulated and trusted broker with oversight from a central bank

Cons
  • Trading costs competitive but nothing special

BlackBull Markets

4.5/5 in this category
In Summary
Best ECN trading environment, with scalping and hedging

BlackBull Markets was founded in 2014 in New Zealand. Like many antipodean Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions. They are regulated in New Zealand by the Financial Services Providers Register (FSPR) and offer a maximum leverage on some Forex currency pairs as high as 500 to 1. In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia. BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification.

BlackBull Markets Pros & Cons

Pros
  • ECN/NDD execution model with deep liquidity

  • Institution-grade pricing for retail traders via proprietary price aggregation

  • ZuluTrade and Myfxbook for social trading

  • Leverage of up to 1:500

Cons
  •  Limited deposit options

Eightcap

4.5/5 in this category
In Summary
Competitive pricing + excellent daily videos

Eightcap was established in Australia in 2009. The forex trader provides a variety of trading choices for traders to purchase and sell using their website's functionality. Customers can trade more than 200 assets on Eightcap, including roughly 50 currencies, cryptocurrencies, stock indexes, commodities, precious metals, oil, and more. Eightcap is available in more than ten languages, including English, German, and French, among others. Their services are provided in a number of countries, including South Africa, the British Virgin Islands, Italy, Australia, Japan, and Ireland.

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 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.

FAQs

Is Forex legal in Thailand?

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?

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?

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.

Huzefa Hamid

I’m a trader and manage my own capital. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. Today, I am also a Senior Analyst for DailyForex.com. I began trading the markets in the early 1990s, at the age of sixteen. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. The 1990s were a bull market, so naturally, I made money. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators. Having this first-principles approach to charts influences how I trade to this day.