How to Choose a Forex Trading Platform in 2025? Taiwan Forex Platform Ranking Guide

The first step into the Forex trading realm is to find a trustworthy trading partner. The Forex platforms on the market vary greatly in quality, and investors often face difficulties in choosing. This article provides a detailed comparison of seven well-known Forex platforms in the Taiwan market in 2025, helping you quickly identify the most suitable trading tools for yourself.

The Core Role of Forex Trading Platforms

What is the essence of a Forex platform? In simple terms, a Forex trading platform acts as a market intermediary, similar to a broker in the stock market. They connect traders with the global Forex market, allowing retail investors to participate in 24-hour nonstop currency trading.

Unlike traditional banks that only offer major currency exchanges, larger Forex platforms can provide trading opportunities for over 100 currency pairs. Some highly volatile currency pairs offer potential profit opportunities for speculators.

Two Operating Models of Platforms

Over-the-counter (OTC) Market Maker Platforms: The platform directly trades against traders, profiting from the bid-ask spread. These platforms usually offer fast execution, but traders should carefully evaluate their credibility.

No Dealing Desk (NDD) Platforms: The platform sends orders directly to the market or liquidity providers, with prices reflecting real market quotes. These platforms profit through commissions or slightly wider spreads, preferring higher trading volumes.

Comparison and Analysis of Seven Major Taiwanese Forex Platforms

Below is a summary of the main features of key Forex platforms in the market to help you filter quickly:

In-Depth Platform Analysis

Yuanta Futures: A Veteran Local Player in Taiwan

As the first Taiwanese futures broker licensed for leverage trading in 2017, Yuanta Futures has a strong local foundation. The platform offers MetaTrader 5 software, with 35 Forex pairs available, and enjoys 0 spread on Forex and precious metals.

Advantages: Regulated by Taiwan FSC, ensuring fund safety; no overnight fee design is friendly for long-term positions; minimum trading size of 0.01 lot lowers entry barrier.

Considerations: Overseas indices and stocks incur handling fees of 0.01% to 0.1%; trading costs on foreign products are relatively higher.

Mitrade: A Global Platform Suitable for Beginners

Founded in Australia, Mitrade develops its own trading platform known for ease of operation, attracting millions worldwide. It has won awards such as Asia’s Best Forex Broker 2022 and Asia’s Best Mobile Trading Platform 2023.

Advantages: Supports TWD deposits and withdrawals, more convenient for Taiwanese investors; trading can start with just $50 USD, suitable for small investments; offers negative balance protection for better risk control; 24/5 Chinese customer support.

Considerations: Proprietary platform may lack some advanced features of MT4/MT5; high leverage requires cautious use.

Quanyi Leverage Broker: Diverse Choice Under Local Regulation

Regulated by Taiwan FSC and the Central Bank, Quanyi offers the Nano Trading King platform, with 12 Forex pairs, and costs mainly from floating spreads and overnight fees.

Advantages: Official Taiwanese regulation provides extra confidence; supports fee-free deposits/withdrawals via multiple Taiwanese banks; 24-hour trading hours meet modern investment needs.

Considerations: Limited number of Forex pairs; additional fees for overseas indices.

Far Eastern Bank Forex: Traditional Bank Forex Options

As a Taiwanese commercial bank, Far Eastern Bank provides investor confidence with bank-level credibility, with 56 branches nationwide.

Advantages: High fund security; banking background increases trust; transparent minimum deposit requirements.

Considerations: Minimum deposit of $10,000 USD is 2-3 times higher than industry average; spreads and overnight fees make trading costs higher; limited currency options.

IG: A Long-Established International Giant

Founded in London in 1974, IG is one of the oldest Forex brokers, part of the FTSE 250. Offers thousands of financial markets, with offices in 17 countries.

Advantages: Rich product variety (100+ Forex + crypto, etc.); advanced proprietary platform and app; up to 200x leverage.

Considerations: Beware of monthly inactivity fee (AUD 18) if unused for 2 years; withdrawal fee of $15; starting spread of 0.6 can be relatively wide.

IC Markets: Professional ECN Platform for Traders

Founded in Sydney, Australia, in 2007, IC Markets is an ECN platform connecting directly to liquidity providers, ensuring transparent pricing.

Advantages: Extremely high leverage (up to 1000x) for aggressive traders; over 61 assets available; floating spreads benefit professional traders.

Considerations: Minimum deposit of $200 USD is relatively high; low commissions apply; does not support TWD deposits/withdrawals.

CMC Markets: London-Listed Multi-Asset Broker

Listed on the London Stock Exchange, CMC Markets is regulated by FCA, ASIC, FMA, among others. Offers nearly 12,000 CFD products.

Advantages: Comprehensive and reliable regulation; highly customizable platform; up to 500x leverage for flexible trading; widest range of trading instruments in the industry.

Considerations: Only accepts bank wire transfers; monthly fee of $15 USD for inactive accounts over 1 year; spreads vary by currency pair (mainstream pairs from 0.7 points).

Key Considerations When Choosing a Forex Platform

To find the most suitable platform among many options, investors should focus on these six aspects:

1. Trading Cost Perspective
Not only look at commissions and spreads but also check for hidden fees like withdrawal charges and account inactivity fees. Some platforms appear fee-free but compensate through other channels.

2. Product Coverage Breadth
Ensure the platform offers the trading instruments you prefer. Some investors focus solely on Forex, others need crypto or commodity futures.

3. Trading Platform and Tools
Platform features, charting tools, automated trading capabilities are core competitive factors. Choosing an interface that matches your trading style is crucial.

4. Deposit and Withdrawal Convenience
Supported payment methods, fees, and withdrawal speed impact trading experience. Platforms supporting TWD are more friendly for Taiwanese investors.

5. Fund Security Assurance
Verify whether the platform is regulated by authoritative financial institutions and understand how investor funds are protected in case of insolvency.

6. Customer Service Quality
Timely and effective support when issues arise, multilingual customer service availability—all influence long-term trading experience.

The Economic Logic of Forex Platform Operations

How Market Maker Platforms Make Money

Over-the-counter (OTC) market maker platforms act as counterparties to traders, profiting from the bid-ask spread by placing offsetting orders. When traders buy, the platform sells; when traders sell, the platform buys. If traders lose, the platform profits; vice versa. This model is legal but requires choosing licensed platforms to protect your rights.

How NDD Platforms Profit

No Dealing Desk platforms prefer higher trading volumes, as they earn small profits from trading frequency regardless of traders’ profits or losses. In this model, traders’ and platform’s interests align—more trades mean more revenue.

How to Verify Platform Regulatory Compliance

Why is regulation crucial?
Regulated platforms must adhere to strict standards, ensuring a fair and reasonable trading environment. In case of disputes, investors can file complaints with regulatory authorities, which provide channels for resolution. Unregulated platforms, if problems occur, leave investors with no recourse.

Verification steps
Every licensed platform has a unique financial license number. Reputable platforms clearly display regulatory information on their official websites, including the regulator’s name, license number, official website, and verification methods. Investors should verify directly on the regulator’s official site rather than trusting only the platform’s claims.

If a platform cannot clearly explain its regulatory status or avoids discussing it, consider it a red flag.

Practical Guide to Opening an Account

Taking Mitrade as an example, the process from registration to trading takes only three steps:

Step 1: Account Application
Fill in personal information and submit the application to complete online registration. The entire process is done online, no need to visit a physical branch.

Step 2: Deposit Funds
Deposit funds quickly via credit card, bank transfer, e-wallet, etc. Some platforms support direct TWD deposits.

Step 3: Start Trading
After depositing, you can place orders on popular global instruments—EUR/USD, gold, crude oil, crypto, stock indices, etc.

New investors can first use demo accounts to familiarize themselves with the platform, gaining operational experience before trading with real money.

Core Indicators for Ranking Forex Platforms

Different investors have different needs. Small investors prioritize low minimum deposits and TWD support; professional traders focus on product variety and execution speed; long-term holders care about overnight fees and spread structures.

There is no absolute “best” Forex platform ranking—only the most suitable one for you. It is recommended to compare based on your capital, trading style, and risk tolerance, and prioritize platforms regulated by authorities with good reputation.

Some platforms offer demo accounts, allowing investors to experience the interface and trading environment first. After confirming it meets their needs, they can proceed with real trading. Such cautiousness is the first step toward stable Forex trading.