Online trading is associated with many benefits that it’s something everyone with a little extra money should consider. Traditional investments are also beneficial and should not be ignored, but by combining investments with online trading, you will be able to take advantage of many more opportunities.

Despite this, many are still sceptical to the idea of short-term trading online which is what we want to debunk today by listing the best online brokers for Asian traders.

Trustworthy and Regulated Brokers

Before we take a look at the top brokers and their services, we need to clarify that not all broker can be trusted. In fact, there is a large number of illegal and outright dangerous online brokers that should be avoided at all cost.

The only way to ensure that the brokers you use are safe is to stick with licenced and regulated brokers because they are overseen, evaluated, and audited by third-party regulatory bodies.

Two of the most trusted regulatory bodies for online brokers are the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). There is also the Australian Securities and Investment Commission (ASIC). And, generally speaking, any broker with a license from one of those organisations can be trusted.

With that said, for Asian traders, there are a few other regulatory bodies as well. For example, all the CFD and forex trading platforms in Singapore are licensed by the Monetary Authority of Singapore (MAS).

Needless to say, all the following brokers are licensed by at least two of the above-mentioned organizations.

Top Three Leading Brokers in Asia

Below is a summary of the three best online brokers in Asia at the moment. Keep in mind that these three brokers aren’t the only brokers available to Asian traders, but they are considered to be the best of the best.

1. IG Markets

IG Markets is a forex, CFD, and spread betting broker owned by the British financial institution IG Group which has a history that spans back to the 1970s.

This broker offers 12,000+ instruments on all the world’s most popular markets including stocks, commodities, FX pairs, and even cryptocurrencies. They are also well-known for their selection of trading platforms that have been handpicked and developed to suit all sorts of traders, regardless of their previous experience.

In case you want to test the broker out before signing up, you can open a free and unlimited demo account where you can trade with virtual money but under real market conditions, thus eliminating all risk.

2. City Index

Similar to IG Markets, City Index is a forex, CFD, and spread betting broker with a long history that spans back to the 1980s. This broker is also based in the UK although a few years ago, the broker was acquired by the American financial corporation Gain Capital.

Generally speaking, City Index is considered to be one of the greatest online brokers in the entire world, let alone Asia. With an account, you’ll gain access to 10,000+ instruments on a plethora of markets as well as two of the greatest trading platforms every created.

Moreover, City Index also provides a free demo account as well as top-shelf trading apps for traders that want to ability to trade wherever they are and whenever they want to.

3. Plus500

In terms of the number of assets offered, Plus500 is smaller than the other two brokers with 2,000+ instruments. However, what the broker lacks in the selection of assets they more than make up for in a quality platform.

Plus500 was originally launched in Israel but are now based on Cyprus with an international reach. The Plus500 trading platform, which was developed in-house, is one of the best in the world and it’s been awarded several of the industries most prestigious awards.

What we, and many others, appreciate with Plus500 is that it’s a very beginner-friendly broker and the perfect option for new traders that have just gotten into the online trading. Moreover, Plus500 has made a name for itself as a groundbreaking and innovative industry-leader and were, for example, the first online broker to launch a CFD on Bitcoin.

*Note: CFD trading is legal in most of Asia but not in India and the same goes for forex trading with the exception of forex trading using INR in India.

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May 2021