5 Best Forex Brokers in China
Last Update: April 30th, 2024
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!
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 | ✅Yes | None |
5 Best Forex Brokers in China – a Comparison
- ☑️ AvaTrade – Overall, The Best Forex Broker accepting Chinese Traders
- ☑️ Exness – Tight spreads + leverage up to 1:2000
- ☑️ XM – Lowest Overall Costs in CNY
- ☑️ HF Markets – Award-Winning Broker in China
- ☑️ Pepperstone – Competitive Fees and Spreads
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 Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| 1,260+ instruments | Inactivity Fees |
| Islamic Account | Limited Deposits and Withdrawals |
Our Insights
AvaTrade is an excellent Broker choice with access to a wide selection of accounts and trading platforms.
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 Deposit | 10 USD |
| 📈 Spreads | From 0.0 pips EUR |
| 📉 Leverage | Unlimited |
| 🪙 Currency Pairs | 100+ |
| 🤝 Affiliate Program | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Flexible trading accounts | Demo account is only valid for 21 days |
| Well-regulated + Comprehensive fund protection | Limited product portfolio |
| Powerful trading platforms | Country Restrictions |
Our Insights
With 24/7 Customer Support and a Free Demo Account, Exness is well-suited to beginners.
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 Types | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| ⏰ Support Hours | 24/7 |
| 🆓 Demo Account | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Minimum deposit | No social trading features available |
| Unlimited Demo Account | Inactivity Fees |
Our Insights
XM is a Low-Fee, Highly Regulated Forex Broker suited to all traders.
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 Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| ⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Top-tier Regulation | Regional constraints |
| Segregated Accounts for Client Funds | Inactivity fees |
Our Insights
With Segregated Funds and Negative Balance Protection, XM is a safe Broker choice for Beginners in China.
Pepperstone
Pepperstone is an industry leader in online Forex and CFD trading. Its extensive portfolio comprises over 1,200 tradable assets. Multilingual customer support is offered.
| 🔎 Broker | 🥇 Pepperstone |
| 📈 Established Year | 2010 |
| 📉 Regulation and Licenses | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/7 |
| 📊 Trading Platforms | TradingView, MetaTrader 4, MetaTrader 5, cTrader, Capitalise.ai |
| 📌 Account Types | Standard Account, Razor Account |
| 🪙 Base Currencies | USD, GBP |
| 📍 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 💹 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💴 Currency Pairs | 70, minor, major, and exotic pairs |
| 💵 Minimum Deposit | AU$200 |
| 💶 Inactivity Fee | None |
| 🥰 Website Languages | English, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Laotian, German, Polish |
| 💷 Fees and Commissions | Spreads from 0.0 pips, commissions from AU$7 |
| 🤝 Affiliate Program | ✅Yes |
| ❌ Banned Countries | United States, Canada, Iran, Japan, Iraq, Zimbabwe, Yemen, and others |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📐 Trading Instruments | Forex, commodities, indices, currency indices, cryptocurrencies, shares, ETFs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic 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).
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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Frequently Asked Questions
Is AvaTrade globally recognized?
AvaTrade is recognized in multiple countries, including Ireland, Australia, and South Africa.
What is the minimum deposit to Open an Exness Standard Account?
The minimum deposit for Exness’ Standard Account is 10 USD/¥72.41.
Is XM a Trusted Broker?
Numerous recognized financial bodies, including CySEC, ASIC, and IFSC regulate XM.
Does HF Markets offer mobile trading?
The HF App offers mobile trading capabilities on iOS and Android smartphones.
Does Pepperstone have a referral bonus?
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.
Top 4 Brokers
