Forex Trading Platforms and Brokers in
South Korea is a country situated in East Asia with a mixed economy which ranks 11th nominal and 13th in purchasing power parity GDP in the world. With rising tourist prospects, especially from foreign countries outside of Asia, currency exchange is not only a daily occurrence but an important part of the country’s economy. South Korean Forex Traders can make their choice of Broker from multiple Globally Regulated Forex Brokers and Trading Platforms who accept local investors.
Swissquote Bank offers traders the ability to trade in Forex, CFDs and Options on a variety of asset classes which includes Currency pairs, FX Options, Metals, Indices, Commodities and Bonds. Traders can choose to trade on a variety of trading platforms including the bank’s own Advanced Trader platform and MetaTrader 4 and 5. Swissquote Bank Ltd holds a banking licence issued by the Swiss Federal Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association.
Swissquote Bank offers traders four different trading accounts to choose from including Standard, Premium, Prime and Professional, as well as access to a free demo trading account. Users can deposit funds via bank wire transfer or via Visa or Mastercard. Customer support is offered in ten different languages via Live Chat, Telephone, Email and an Online Contact Form.
Exness is authorised by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS and the Exness Web Terminal.
Exness offers traders 5 different trading accounts to choose from. Standard Accounts include the Standard and Standard Cent. Professional Accounts include Raw Spread, Pro and Zero. Demo accounts and Islamic swap-free accounts are also available. Exness offers over 105 different instruments to trade, including over 103 currency pairs.
Exness is authorised by several reputable regulatory bodies, including the Financial Services Authority (FSA), the Cyprus Securities and Exchange Commission (CySEC), and the particularly stringent Financial Conduct Authority (FCA).
In terms of its FSA regulation, the broker’s Nymstar Limited division is a Securities Dealer authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD025. In terms of its CySEC regulation, Exness (Cy) Ltd is a Cyprus Investment Firm, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12. And in terms of its FCA regulation, Exness (UK) Ltd is an Investment Firm, authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under the Financial Services Register number 730729.
Under these regulatory authorities, particularly the FCA and CySEC, the broker operates legitimately in the EEA, which is well-known for its stringent regulatory safeguards, including the provision of a compensation scheme in the unlikely event of broker insolvency. As evidenced by its broad regulatory status, Exness is an authorized broker which is able to provide its clients with a highly safe and secure trading environment.
Exness supports a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.
Leverage: 1:30 to 1:888 *Depends on the entity of the group
Regulation: CySEC, ASIC, IFSC
Min. Deposit: US$5
HQ: Cyprus, Australia, Belize
Platforms: MT4, MT5, XM WebTrader
Founded in: 2009
XM operates with clients from over 196 countries and offers support in 30 languages. The main branch is located in Cyprus and the company is regulated by CySEC. 1.5 Million Traders and investors have chosen XM as their Forex Broker, largely accredited to their wide range of trading products on offer. Four main account types are on offer – Micro, Standard, XM Ultra Low Account and Shares Accounts. Traders can select the base currency of their preference from a large selection on offer, including South African Rand (ZAR), Singapore Dollar (SGD) and other global currencies.
Customer Support is available via live chat, email and phone.
Alpari International is the business name of Exinity Limited, which is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. Alpari offers traders more than 250 tradable assets across Forex, Stocks, Indices, Metals, Cryptocurrencies and Futures, across the MetaTrader suite of trading platforms.
Four main types of trading accounts are on offer: Standard MT4, Micro MT4, Pro MT4 and ECN MT4/5. A Stocks Trading account, a swap-free account, a free demo trading account and the use of an Alpari Invest account is also made available.
Customer support is available 24/5 via Live Chat, Telegram, Email and phone.
FXPro is an online broker which was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies trading. FXPro is a global broker with a head office situated in the UK with a regulation by CySEC. As a CySEC regulated broker, FxPro is also a member of the Investor Compensation Fund scheme. FXPro provide traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will only need a minimum deposit of $100.
What can be traded with FXPro?
- Over 250 instruments
- Over 70 currency pairs
FXPro is one of the few brokers in the market who offers both of the MetaTrader platforms; MT4 and MT5 plus the cTrader platform and mobile apps for Android and iOS.
FXPro Trading benefits include:
- Allows scalping
- Allows hedging
- Low min deposit
- Offers Negative Balance Protection
With FXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument chosen.
FxPro offers customer support 24 hours a day, 5 days a week via Live Chat, Telephone and Email in a variety of different languages including English, Spanish, French, Polish, Malay, Arabic, Chinese, Greek, Hungarian, Japanese, Korean, Russian, Thai, Vietnamese, Indonesian and others.
OctaFX is a Forex ECN broker registered and regulated by CySEC in St. Vincent and the Grenadines and offers the option to trade on Forex, Indices, Metals and Cryptocurrencies via CFDs, across the MetaTrader and cTrader suite of trading platforms as well as their own OctaFX Trading App.
Three main types of trading accounts are on offer – MetaTrader 4 Micro, MetaTrader 5 Pro and cTrader ECN. OctaFX also offers Copy Trading accounts, a swap-free account and demo trading accounts. Customer support is available via Live Chat, Email, Phone, WhatsApp and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.
AvaTrade is an online broker which was founded in 2006 offering Forex trading, CFDs trading, Spread Betting trading, and Social Trading.
- Regulated by: Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)
- Headquarters:The British Virgin Islands
- Foundation year:2006
- Used: by over 200,000 traders
Across all markets, MetaTrader 4 gives traders access to over 250 assets, 30 advanced charting tools, trading history, and other useful information. Customer support is available by email, phone, or live chat.
FBS is a Forex and CFD broker which offers investors the ability to trade on Forex, Indices, Stocks, Metals and Energies on the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms for PC, Mac, Web, Android and iOS. FBS is regulated by CySEC and IFSC.
FBS offers traders a choice of four accounts and all accounts offer market execution and the chance to trade in micro lots in Cent accounts for more precise risk management.
Minimum trade size
from 1 pip
from 0.5 pips
0 pips + $20/lot
fixed, from 3 pips
from -1 pip + $6/lot
FBS offers customer support 24 hours a day, 7 days a week via a Call-back service, online Live Chat, Telegram, Viber and Facebook Messenger.
eToro is a leading social trading platform designed for trading major financial markets including stocks, forex and cryptocurrencies. eToro is well regulated by the FCA, CySEC and ASIC. eToro only offers one account type with over 1,083 different instruments to trade, including over 47 currency pairs. The minimum deposit for said account will differ by country. eToro offers traders a proprietary trading platform which allows both individual and social trading.
eToro supports a wide range of languages including English, German, Spanish, French, and Italian via phone and support ticket.
Olymp Trade was Established in 2014 and boasts over 25k active traders each day. Olymp Trade is regulated by the International Financial Commission (IFC) and headquartered in St. Vincent and the Grenadines.
Apart from the demo account, there are two different accounts on offer – Standard and VIP. The Olymp Trade platform is the only trading platform on offer and can be accessed via the web, a dedicated desktop application (available for Windows and Mac) and a smartphone/tablet app (available for Android/iOS).
Olymp Trade offers users the opportunity to trade in the following markets:
Customer Service is available via 24/7 via phone, email and their website.
Poor trading decisions aren’t the only way a trader can lose money in forex. Choosing a bad broker can also result in the loss of capital. For that reason alone, here is an overview of 4 More Globally Regulated Forex Brokers and Trading Platforms who not only accept South Korean traders but are all well-regulated and trustworthy.
HotForex was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA and SFSA.
The HotForex MT5 terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging and one-click trading and 80+ technical indicators plus an in-built economic calendar. A traders account, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators can be accessed from anywhere using an iPhone
Hotforex’s Metatrader offers a fast order execution, news feed, multiple order types, support for EAs.
Key features include:
- Supports: MT4, MT5 for desktop, web & mobile
- Minimum deposit: $5
- Leverage: 1:1000
- Trading Instruments: Forex, Cryptocurrencies, CFDs on Stock Indices, Commodities, metals
Customer support is available via phone and email.
Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA). Pepperstone offers traders a variety of trading accounts to choose from including Razor, Standard and Swap-Free.
Pepperstone boasts three top forex trading platforms:
- MetaTrader 4: Most Popular for Forex Trading
- MetaTrader 5: Most Popular CFDs Trading Platform
- cTrader: Best Automated Trading Platform
All three FX trading platforms come with a free demo account which will allow traders to test out the forex broker and platform for up to 30 days.
Platform enhancements available for Pepperstone include:
- MetaTrader 4 smart trader tools
- cTrader Automate
- Autochartist and
- API trading
A range of options for depositing funds are available, including: Bank wire transfer, MasterCard, Visa credit card, PayPal, Neteller, Skrill and QIWI.
Pepperstone offers 24/5 multiple language support via email, phone and live chat.
Regulation: ASIC, CySEC
Platforms: IRESS, MT4, MT5
Found in: 2005
The FP Markets was established in 2005 and serves over 12,000 clients across the globe. FP Markets connects traders to the market through electronic bridges and DMA pricing models. FP Markets offers traders access to trade 13,000+ products ranging from Forex, Indices, Commodities, Metals, Bitcoin, Cryptocurrencies, Equity CFDs.
Traders can choose between the MT4, MT5 and IRESS platforms as well as MAM and PAMM account possibilities for money managers.
FP Markets offer two account types with STP and ECN execution models available through MT4 or MT5 platforms. FP Markets also offers three IRESS account types which covers traders who prefer to use this particular software.
Customer Service is available 24/5 via Live Chat.
FXTM is a Forex and CFDs Broker which was established in 2011. FXTM is highly regulated by the FSC of The Republic of Mauritius, the FCA of the UK, CySEC and licensed by FSCA of South Africa.
Standard and ECN Accounts are available with several subtypes. Under the Standard account, they offer the Standard, Cent and Shares Account types. ECN account sub-types are the ECN Zero account, FXTM Pro account and the ECN account. ECN accounts can be traded on MT4 and MT5. FXTM offers Local NGN Funding, through bank wire transfer or Neteller with a minimum deposit of $100 for a standard forex account. This allows traders to start trading a range of currency markets while lowering the exchange costs when moving NGN currency to a standard base currency.
Customer support is available in 17 Languages via Live Chat, Phone, Telegram, Facebook and Twitter.
Africa is a rapidly developing and emerging continent in the World and it is not surprising that the continent enjoys one of the most reliable and established regulatory bodies for those who want to trade Forex and pursue lucrative economic trading opportunities. Selecting a well-regulated broker which keeps client funds segregated from its own and deposits them with a major bank makes the most sense, but a trader must always keep in mind, which broker suits their individual needs best.