A SHORT REVIEW OF THE TOP RELIABLE ASIAN BROKERS

Asian traders, while make up for more than 30% of the total global forex trading volume, are the ones that have the biggest disadvantage when it comes to forex trading. Most of them are used to not having any financial protection because in most Asian countries, there’s simply no regulator body to protect them. In some developing Asian countries, forex trading is even strictly forbidden by laws thus making forex trading an illegal career. That’s why in my opinion, the overall most important thing for Asian trader is to find a reliable forex broker to do business with. In this article today, I’ll be exclusively reviewing some of the best Asia Forex brokers based on many different criteria listed as below:

  1. Top largest forex brokers

  2. Regulations/regulators

  3. Payment system

  4. Company history – Scam reports

  5. Local offices

The following brokers will be included in the article:

  1. Exness.com >> Check more here

  2. XM.com >> Check more here

  3. Forex.com

  4. Saxobank

  5. IG Group

A SHORT REVIEW OF THE TOP RELIABLE ASIAN BROKERS

A reliable broker should also be in the top largest broker

There’s a reason as for why people choose one thing over the others, and it’s the same story when it comes to choosing brokers. Over my years of trading with many different brokers, I find the top brokers the offer relatively great services, security as well as trading conditions. The smaller brokers might offer significantly better trading conditions and other perks, but they also severely lack security and just terrible service in general.

If you’re an experienced trader, you should know to always test the broker yourself and never mind what the others might say. A broker that most traders reviewed good might not be that great for you because it might not suit your trading tactics, your location conditions, … which is why for the best forex trading efficiency, you should always take your trading styles into consideration.

Xem danh sách những sàn forex có spread thấp nhất ngay.

For example:

For long tern traders, you’d want to choose a broker that is reliable and has low swap since your trading style is mostly about keeping your order positions opened for a long period of time.

For scalpers, a best forex broker that has good trading conditions such as low spreads, low commissions and high execution quality is always preferred.

For the gamble trading style, you always want to choose a broker that offers high leverages.

Or if by any chance, your country doesn’t support a wide variety of payment method, you’d want a broker that offers local payment support.

No matter which broker you want to choose, I think that us traders should always take extra caution and test the broker’s reliability for yourself. As for me, I always create many regular accounts at the brokers that I want to trade with, deposit $50 or $100 to each one of them and trade as I normally would. At the end of the month, whichever broker profits me the most would be the best broker for me.

Here are the current 5 largest forex brokers:

  1. Exness.com: $400 Billions/month Check more here

  2. Forex.com: $300 Billions/Month

  3. XM.com $290 Billions/Month. Check more here

  4. Saxobank: $265 Billion/Month

  5. Hotforex.com $209 Billions/month.

Regulations/Regulators

As a rule of thumb, you should always do business with brokers that are regulated by one or two trusted regulator agencies. Doing business with regulated brokers mean that you’ll have your forex trading rights protected and overall better security. As for Asian traders, since there hardly any official Asia regulator body, it could be quite hard at times to find a broker that offers equivalent security benefits as the western brokers. Many Asian traders choose US or UK brokers over the Asian brokers simply because they offer better services and trading conditions. This might be true and beneficial in some cases but in my professional opinion, you don’t want to choose US or UK brokers because they’re known to charge a great amount of fees in exchange for their costly services, while their trading conditions are the same if not worse than some other smaller brokers.

Asian brokers aren’t all that bad and some of them recently even managed to climb to the top because of their great service and dedications to their Asian traders. Not long ago, Exness was just one another Asian broker but now they’re among the top largest broker in the world, if not the largest. Their forex trading last month reached nearly $400 billions dollars, the majority of it came from Asian. What’s more surprising is that Exness doesn’t need and probably won’t ever need to have a US trading license simply because they exclusively serve their Asian traders. For more information about Exness, we have our own review article about Exness here on our website.

All in all, my professional advice for Asian traders would be that you shouldn’t do business with the US and UK brokers unless you’re really out of option. Asian traders gain very little benefits from the US and UK brokers while being charged significantly more trading fees. (To furthermore learn about this, we have our own article about Disadvantages of US regulation).

Payment system

While payment system might not be that much of an issue for most people, I still consider a broker’s payment system to be quite an important aspect. I value efficiency in forex trading a lot and a painfully slow payment system just makes my blood boil. My personal criteria for a good payment system are as follow:

-  Quick depositing/withdrawing processing time.

-  No withdrawal limit

-  Small depositing/withdrawing fees.

-  Supports for local payments.

Having traded with lots of different forex brokers, I find that Exness is the best in this field and there’s simply no competitor for them. Due to their fully automatic system, every transaction takes no more than milliseconds to complete. Exness also offers many great free-of-charge services and supports for local payment method.

Check out Exness Payment system here

Company histories – Scam reports

A company history is also one of the more important aspect to be taken into consideration when it comes to choosing a broker. As for me, I obviously don’t want to do business with brokers that have known scam reports and less than 10 years in the forex trading business. When choosing a broker, you should always investigate that broker thoroughly to ensure your financial safety.

A SHORT REVIEW OF THE TOP RELIABLE ASIAN BROKERS - 01

Local offices

Local office for me is one of the things that is good to have around, but doesn’t really matter if there’s not one near me. All of the abovementioned brokers have a respectable number of branches all over Asia such as in Malaysia, Hongkong, Thailand, Philippines, Vietnam, …and customer supports in multiple languages as well. If you’re reluctant to look for the names of the brokers that I’ve mentioned above, here’s their name in my own personal ranking:

  1. Exness.com

  2. XM.com

  3. Forex.com

  4. Saxo bank

  5. IG Group


カテゴリー: 未分類 | 投稿者patrickevra 18:54 | コメントをどうぞ

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