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5 Best Forex Brokers in China

Last Update: June 26th, 2024

Best Forex Brokers in China

 

The 5 Best Forex Brokers in China – Rated and Reviewed. We have compiled a List of the Top International Forex Brokers accepting Chinese Traders.

 

In this article, you will learn:

 

  • The Best Forex Brokers in China – a List
  • Is Forex Trading Allowed/Legal in China?
  • Top MT4/MT5 Forex Brokers for Beginners
  • Can you Trade Forex in China without a Broker?
  • Can I use MT4 in China?
  • Does MT5 work in China?

 

and much, MUCH more!

 

Best Forex Brokers in China

 

5 Best Forex Brokers in China – a Comparison

🔎 Broker🚀Open an Account🤝 Accepts Chinese Traders💶 Min. Deposit (CNY)
🥇 AvaTrade👉 Click Here ✅Yes¥724.11
🥈 Exness👉 Click Here ✅Yes¥72.41
🥉 XM👉 Click Here ✅Yes¥36.21
🏅 HF Markets👉 Click Here ✅Yes¥724.11
🎖️ Pepperstone👉 Click Here ✅YesNone

 

5 Best Forex Brokers in China – a Comparison

 

  1. ☑️ AvaTrade – Overall, The Best Forex Broker accepting Chinese Traders
  2. ☑️ Exness – Tight spreads + leverage up to 1:2000
  3. ☑️ XM – Lowest Overall Costs in CNY
  4. ☑️ HF Markets – Award-Winning Broker in China
  5. ☑️ Pepperstone – Competitive Fees and Spreads

 

AvaTrade Review

 

AvaTrade

AvaTrade is licensed as a regulated broker in the EU, Japan, Australia, South Africa, and the British Virgin Islands. It offers its services to beginners and experienced traders.

It offers access to diverse trading platforms and an extensive range of products. Accounts offered include Retail, Islamic, and, Professional.

 

🔎 Broker🥇 AvaTrade
💴 Minimum Deposit100 USD
🖱️ Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
💵 Currency Pairs51; Major, Minor, Exotic Pairs
🤝 Affiliate Program✅ Yes
🚀 Open an Account
👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

✅ Pros❌ Cons
1,260+ instrumentsInactivity Fees
Islamic AccountLimited Deposits and Withdrawals

 

Our Insights

AvaTrade is an excellent Broker choice with access to a wide selection of accounts and trading platforms.

 

Exness Review

 

Exness

Exness is licensed and regulated by CySEC, FCA, FSA, and, the FSCA. It offers a diverse portfolio of financial assets including Forex, cryptocurrencies, stocks, and commodities.

Accounts include; Standard, Standard Cent, Raw Spread, Zero, and, Pro. A Swap-Free option is available on request.

 

🔎 Broker🥇 Exness
💴 Minimum Deposit10 USD
📈 SpreadsFrom 0.0 pips EUR
📉 LeverageUnlimited
🪙 Currency Pairs100+
🤝 Affiliate Program✅Yes
🚀 Open an Account
👉 Click Here

 

Exness

 

Pros and Cons

✅ Pros❌ Cons
Flexible trading accountsDemo account is only valid for 21 days
Well-regulated + Comprehensive fund protectionLimited product portfolio
Powerful trading platformsCountry Restrictions

 

Our Insights

With 24/7 Customer Support and a Free Demo Account, Exness is well-suited to beginners.

 

XM Review

 

XM

XM is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission Belize (IFSC).

Accounts offered include Micro, Standard, Ultra Low, and, Shares. The set minimum deposit is 5 USD / ¥36.21.

 

🔎 Broker🥇 XM
💴 Minimum Deposit$5 USD
🎁 Bonus Offers ✅Yes
📈 Account TypesMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
⏰ Support Hours24/7
🆓 Demo Account✅Yes
🚀 Open an Account
👉 Click Here

 

XM

 

Pros and Cons

✅ Pros❌ Cons
Low Minimum depositNo social trading features available
Unlimited Demo AccountInactivity Fees

 

Our Insights

XM is a Low-Fee, Highly Regulated Forex Broker suited to all traders.

 

HFM Review

 

HF Markets

HFM, or HF Markets, is regulated by the FSCA, CySEC, DFSA, FSA, and, FCA. Account types offered are Cent, Premium, Zero, and, Pro. An Islamic Account is available on request.

 

🔎 Broker🥇 HFM
💴 Minimum Deposit$0
📌 Regulation and LicensesFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
5️⃣ Ease of Use Rating5/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
⚙️ Trading PlatformsMT4, MT5, HFM Trading App
🚀 Open an Account
👉 Click Here

 

HFM

 

Pros and Cons

 

✅ Pros❌ Cons
Top-tier RegulationRegional constraints
Segregated Accounts for Client FundsInactivity fees

 

Our Insights

With Segregated Funds and Negative Balance Protection, XM is a safe Broker choice for Beginners in China.

 

Pepperstone Review

 

Pepperstone

Pepperstone is an industry leader in online Forex and CFD trading. Its extensive portfolio comprises over 1,200 tradable assets. The company offers multilingual customer support.

 

🔎 Broker🥇 Pepperstone
📈 Established Year2010
📉 Regulation and LicensesASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
5️⃣ Ease of Use Rating5/5
🎁 Bonuses✅Yes
⏰ Support Hours24/7
📊 Trading PlatformsTradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai
📌 Account TypesStandard Account, Razor Account
🪙 Base CurrenciesUSD, GBP
📍 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
💹 Leverage1:500 (Pro), 1:200 (Retail)
💴 Currency Pairs70, minor, major, and exotic pairs
💵 Minimum DepositAU$200
💶 Inactivity FeeNone
🥰 Website LanguagesEnglish, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Laotian, German, Polish
💷 Fees and CommissionsSpreads from 0.0 pips, commissions from AU$7
🤝 Affiliate Program✅Yes
❌ Banned CountriesUnited States, Canada, Iran, Japan, Iraq, Zimbabwe, Yemen, and others
📈 Scalping✅Yes
📉 Hedging✅Yes
📐 Trading InstrumentsForex, commodities, indices, currency indices, cryptocurrencies, shares, ETFs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

Pepperstone stands out with multiple trading platforms. It offers superior trading conditions, competitive spreads, and, trusted deposit options.

 

Is Forex Legal in China?

Forex Trading is legal in China. It falls under the regulatory authority of the State Administration of Foreign Exchange and the People’s Bank of China (PBOC).

 

Is Forex Legal in China?

 

In Conclusion

China is the second-largest economy in the world, and it offers excellent alternative opportunities for traders to consider. Chinese nationals can legally trade Forex via International Forex Brokers.

 

Our Insights

Traders in China can choose from a wide selection of International Brokers. When selecting a Broker features should include, regulation, local payment methods, and, multilingual customer support.

 

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FAQs

High-volume traders can receive rebates and other benefits through Pepperstone’s active trader program while also earning a referral bonus for bringing in new clients.

The HF App offers mobile trading capabilities on iOS and Android smartphones.

Numerous recognized financial bodies, including CySEC, ASIC, and IFSC regulate XM.

The minimum deposit for Exness’ Standard Account is 10 USD/¥72.41.

AvaTrade is recognized in multiple countries, including Ireland, Australia, and South Africa.

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