Best Forex Brokers in Asia

Tickmill is regulated in Asia by Malaysia, offering its services to almost all of Asian countries. Tickmill Asia Ltd which operates in the Asian region is regulated by the Financial Services Authority of Labuan Malaysia (FSA). This regulation allows the broker to offer its trading services to the majority of neighboring countries. 

Tickmill offers a multitude of trading instruments in a wide range of asset classes:

• 62 Forex pairs
• 9 cryptos
• 25 indices
• 7 commodities

There are also a multitude of stocks, bonds, and ETFs for trading available for Asian traders. The broker also offers Islamic accounts for one of the best specs. Commodities trading like oil and gold is also possible using CFDs and low spreads. 

The minimum spread on Brent oil is from 0.04, and 0.09 on the Gold. 

There are several legal entities by which AvaTrade covers the Asian region, Ava Trade Japan K.K., Ava Trade Middle East Ltd, and ATrade Ltd is regulated in Israel by the Israel Securities Authority. As we can see, three legal entities are allowing AvaTrade to cover the whole region of Asia. There are plenty of Asian languages to browse the website including Malaysian, UAE, Arabic, and more. 

The broker offers more than 1250 trading instruments in various asset classes such as 

• 64 Forex pairs
• 629 shares as CFDs 
• 19 cryptocurrencies as CFDs 
• 30 indices
• 17 commodities

Spreads for oil starts from 0.29 which low considering the majority of popular brokers offer above 0.3 USD. Oil can be traded from 0.01, and USD/JPY starts from 1 pip. Islamic accounts are available for Asian countries with Muslim populations. The only downside for AvaTrade is it offers just one live account type to appeal to all types of traders in Asia. 

Pepperstone Markets Limited operates in several regions with the same legal entity. Pepperstone is available in Asia under the Dubai Financial Services Authority (DFSA) license and in the Asia–Pacific region under the Australian Securities and Investments Commission (ASIC). So, Asian traders can trade with peace of mind because of how safe Pepperstone is. 

There are over 1,200 instruments provided by Pepperstone, including:

• 62 currency pairs
• 1,000+ share CFDs
• 23 crypto CFDs
• 32 commodities
• 23 indices

Spreads are very low on USD/JPY, from 1.3 pips on standard and 0.3 pips on razor account. The 0.3 pips for the Asian region is a very competitive spread for USD/JPY. Oil and Gold have slightly expensive spreads of 2.5 and 5 respectively. 

XM is a global Forex and CFDs broker that operates in a multitude of Asian countries but is regulated only in Belize and Cyprus. Asian clients typically fall under the regulations of Belize. The entity operating in Asia therefore is XM Global Limited. This provides Asian traders with the advantage of getting much higher leverage than retail traders from other regions. Mostly, Asian traders at XM can enjoy maximum leverage of up to 1:1000. Some regulators like ASIC and Japan may restrict local brokers from offering more than 1:30 and 1:25 leverage to retail traders, while other countries do not restrict leverage. 

XM tradable instruments are numerous in a wide range of trading asset classes including

• 57 currency pairs
• 100 physical shares
• 58 cryptos
• 1261 share CFDs
• 31 commodity CFDs
• 14 indices
• 8 commodities

XM accepts deposits in Japanese yen, Australian dollar, and Singaporean dollars, making it one of the most flexible choice for Asian Forex traders.

FBS Markets Inc. is registered and regulated in Belize, offering its services to global traders. FBS is available in most of Asian countries except Israel. It offers high leverage levels, as the Belize regulator is not strict. 

The broker provides traders access to a multitude of trading instruments in various asset classes, including

• 37 Forex pairs
• 11 indices
• 5 commodities
• 100+ share CFDs, and other assets

Asian traders can enjoy up to 1:3000 leverage on Forex CFDs. Spreads on USD/JPY from 1.1 pips depending on the trading accounts. FBS recently removed its accounts and only left standard accounts where the best conditions have been combined into one account. This is comfortable for beginners. Spreads are low on gold from 0.23 USD. The typical spread on oil is between 0.03–0.04. There is an Islamic account option per user request. 

HYCM is a regulated broker that offers its services to Asian traders. HYCM is not regulated in the Asian region but offers its services to Asian traders. The broker is very well-regulated in the UK, Cayman Islands, Cyprus, and St. Vincent and Grenadines. The broker offers a high leverage of up to 1:500 to Asian traders. HYCM is a competitive broker as it also offers fixed spread accounts for Asian traders with spreads from 1.8 pips for the USD/JPY pair. Fixed spread can be useful during highly volatile markets. 

Here is the complete list of trading instruments offered by HYCM in various asset classes:

• 71 Forex currency pairs
• 29 digital currencies
• 28 indices
• 20 commodities including energies and precious metals
• 1000+ stocks as CFDs

HYCM offers Islamic or swap-free accounts for Asians, and spreads on oil and gold are 4 and 0.25 respectively.