Trading in financial markets requires the right choice of a broker, as security of traders’ funds, profit/loss and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best CFD Brokers in Asia for 2024. Five companies that enjoy huge popularity in Asia were selected and compared between each other.
1
TeleTrade - Best in Asia for 2024
TeleTrade offers its clients rather enticing trading conditions. The minimum trade volume is 0.01 lots for all trading accounts, and the minimum spread is 0.2 pips. The minimum deposit is $10. The company's clients can trade on three types of real accounts, as well as copy trades of experienced traders. The broker offers wide range of financial instruments: in addition to currency pairs, you can trade indices and cryptocurrencies.
2
Markets4you - Best in Asia for 2024
Trading conditions at Forex4you (Markets4you) are among the most attractive ones on the market. First of all, there are no requirements for the minimum deposit amount: according to the conditions, the replenishment amount is from $0 for all types of accounts. With a minimum transaction volume of 0.01, the trader is offered a leverage of up to 1: 1000, which is one of the largest values on Forex. Stop Out Level is 10–20% depending on the type of account.
Markets4you offers 150+ trading instruments, such as Forex pairs, indices, commodities, and stocks. Also, standard and cent accounts, cash back, as well as bonus and partnership programs are available. Markets4you provides access to the Share4you copy trading platform as a passive income option. Each trader can be both an investor and a signal provider.
Markets4you offers cent, classic, and professional accounts, which differ in spread. There are fixed spreads starting from 2 pips and floating spreads starting from 0.1 pips. Pro accounts have fixed fees per lot, which are $0.10 on the Cent Pro account and $8 on the Classic Pro. Copy trading on the Share4you platform is available on each of the accounts, except for the Classic Standard. The lock is allowed on all account types. Deposit and withdrawal methods include Visa/Mastercard cards and electronic payment systems, such as WebMoney, Skrill, and Neteller.
3
Eightcap - Best in Asia for 2024
The minimum deposit for most brokers is determined by the account type. That is, in order to trade with real money, you need to deposit a certain amount. For example, from $10 or $1,000. With Eightcap, the minimum deposit is $100 regardless of the account type. Thus, traders need to deposit at least this amount when opening a live account. Further, traders can focus only on their own preferences and the minimum trade volume, which is a standard lot of 0.01. Leverage also does not depend on the account type but on the asset. The highest trading leverage, which is always relevant for currency pairs, is 1:500. This is more than enough to increase the profit potential, although the risk increases proportionally. The broker's technical support is ready to respond promptly by phone, email, or live chat. An important plus is that multilingual support works 24 hours a day, but not on weekends.
4
NPBFX - Best in Asia for 2024
NPBFX broker's trading conditions are optimally suited for all categories of clients. Novice traders can open an account with a minimum deposit of $10, while professional traders can use STP or ECN accounts. The leverage is different for each type of account.
The broker offers classic MetaTrader 4, which is the best for working with customized indicators, scripts, and advisors. The servers of the company are located in the Equinix NY4 data center in New York, which has direct access to the world's largest liquidity providers. Thanks to this technology, the clients of NeftePromBank benefit from a high speed of order execution with minimal delays.
All NPBFX accounts have a narrow floating spread. It starts with 0.8 pips on the Master account, 0.6 pips on the Expert account, and 0.4 pips on the VIP account. Traders can use scalping, hedging, and position locking on all types of accounts. Among other benefits, advisors and robots are allowed. Traders from Muslim countries can use a Swap Free account.
NPBFX clients who prefer social trading can connect to the popular ZuluTrade platform and copy trades at an average speed of 200-500 ms. Also there is an alternative social trading platform AutoTrade by MyFxBook, a partner of the broker. As passive income options, the broker offers 2 types of referral programs with a high amount of remuneration for referred clients. There is also access to the Dow Jones newsfeed.
5
InstaForex - Best in Asia for 2024
Trading conditions depend on the regulation of the broker:
-
FSC. The conditions are more loyal here. With a $1 deposit you can open positions on almost any asset with leverage of up to 1:1000. This broker also offers PAMM accounts and a social trading service. This means that clients invest money in traders and their signals, traders in their turn are successful in trading and earn on fees as well.
Note how the lot volume is being calculated. In the FAQs, you can find information that the broker uses lots of 10,000 basic units instead of standard 100,000 units. This provides for a reduced pip’s value.
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CySEC. The conditions here are stricter due to regulators’ requirements. The minimum deposit is $200 and leverage is up to 1:30 without a confirmed professional trader status. There are managed diversified stock portfolios and synthetic stocks/ETFs instead of PAMM accounts and social trading.
Spreads are from 0 pips subject to the account type and the asset, regardless of the regulator.
TOP 5 Comparison
In order to choose the Best CFD Brokers in Asia in 2024, TU analysts chose 5 best brokers in this country. In the table below, you can see a basic comparison of these companies. Experts selected only the most reliable brokers that are popular among traders in Asia.
| TeleTrade | Markets4you | Eightcap | NPBFX | InstaForex | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5 |
MT4, Mobile Trading, MT5 |
MT4, MT5 |
MT4 |
MT4, MultiTerminal, Mobile Trading, MT5, WebTrader |
|
Min deposit |
$10 |
No |
$100 |
$10 |
$1 |
|
Leverage |
From 1:1 |
From 1:10 |
From 1:30 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
Yes |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0.8 points |
From 0.1 points |
From 0 points |
From 0.4 points |
From 0 points |
|
Level of margin call / stop out |
70% / 20% |
100% / 20% |
80% / 50% |
No |
30% / 10% |
|
Execution of orders |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Instant Execution, Market Execution |
Instant Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
Yes |
No |
No |
Yes |
TU Expert Review for the best CFD Brokers in Asia
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best CFD Brokers in Asia is posted below.
TeleTrade - TU Expert Review
Traders Union has been working with the company since 2012. Over this time, a lot of reviews have been received about the broker from the TU clients, which you can find on this page. All reviews are moderated and then published. Therefore, they contain relevant information about traders’ experience of working with TeleTrade. Each TU client who opened an account with a brokerage company is entitled to free legal support, as well as advice on general issues related to the broker’s performance. TeleTrade Company offers its clients the opportunity to trade 28 currency pairs, as well as metals, indices, stocks and energies. Cryptocurrency trading is also available. Traders canopen a free demo account and trade virtual funds. The broker also provides several types of real accounts, which allows you to choose the best option in terms of conditions. Thanks to a large analytical section and loads of educational information, the company attracts a lot of novice traders. A wide range of technical analysis tools and the possibility to use various strategies, including pipsing, are the main reasons why experienced traders open an account with TeleTrade.
Markets4you - TU Expert Review
Forex4you (Markets4you) has established itself as a reliable partner that offers high quality trading conditions. There are cent accounts for beginners as well as professional ECN accounts with narrow market spreads. I would specially focus on the responsible approach to forming the rating of traders on the Share4you social trading platform, which allows traders to rank managers by risk level. The brokerage company Markets4you is suitable both for those who just start to get acquainted with trading through to professional traders who build their own trading systems and entice investors to them. The broker has been cooperating with the Traders Union for more than a year, and during this time there have been no significant complaints about the work of this broker. Any issues that do arise, the customer support resolves quickly and with maximum benefit for the client. The company's website allows you to quickly evaluate, analyze and compare all offers of active and passive trading. Due to a comprehensive full-featured service and a ‘client-first’ approach, the company gains the rightful leading position in the Traders Union ranking of Forex brokers.
Eightcap - TU Expert Review
Eightcap has been in business for 14 years. This is one of the largest brokers with millions of clients globally. It is registered in Seychelles and the Bahamas, and controlled by SCB. All this indicates the reliability and transparency of the company. Nevertheless, Traders Union experts checked it and found no confirmed conflicts with its clients, problems with tax reporting, or other negative aspects. In terms of trading conditions, Eightcap rightfully takes one of the leading positions. The reason is that it manages to keep extremely low spreads. The declared indicator for account types with a raw spread is from 0 pips. The broker does not hide anything, thus current spreads can be checked on the website. For a number of assets, they really start from 0 pips, while the average indicator is about 0.5-0.7 pips. For most other brokers such parameters seem unreachable. But spreads are not the only advantage of Eightcap. The broker offers over 800 assets. This is an impressive number, but keep in mind that those are CFDs only. That is, currencies, cryptocurrencies, stocks, indices, and commodities are not available as independent instruments, but only in the form of CFD trading. This is not necessarily a disadvantage; traders just need to understand what they are working on. No other broker provides so many CFDs on cryptocurrencies. Plus, the maximum leverage is 1:500. By itself, the indicator is market average, however, in combination with other advantages of the broker, it provides much more opportunities. Eightcap has no options for passive income, and this can really be defined as a conditional disadvantage. There is not even a referral program, that is, the company's clients can earn only by actively trading in the available markets. Also, you can trade via MT4/MT5 from a desktop or smartphone, while the TradingView solution is available for browsers. Here the broker also offers comfortable working conditions. That's why its clients love it.
NPBFX - TU Expert Review
After being rebranded in 2016, NPBFX set on development of two areas, namely improving data processing technology and social trading. Thanks to direct access to ECN platforms, such as Integral and Currenex, traders have instant order execution with tight spreads during rapid increase in volatility and liquidity compression. Speed of order execution, recorded in MT4 by means of script, is 50-70 ms while market average is 100-130 ms. Therefore, NPBFX is perfect for scalping, high-frequency algorithmic trading, and fundamental volatility trading, including short-squeeze. Social trading has developed into a long-term partnership of the broker with the independent social trading platform ZuluTrade. Thanks to integration of technologies of NPBFX and Zulu traders can copy trades of thousands of traders, who are clients of different brokers from over 180 countries globally, with delay of several milliseconds. By using free ZuluTrade toolkit you can develop a comprehensive risk management system, which can limit possible losses in case of force majeure. NPBFX is a broker for novice traders and professionals. For novice traders there is an account type with a $10 deposit which is the best for intraday strategies. Professional traders can work on the Expert account using advisors. The broker deserves a positive score according to user reviews, therefore the company is in TU Top 20 brokers.
InstaForex - TU Expert Review
The InstaForex Team is professional and reliable. I highly recommend this service. They offer optimal trading conditions that are suitable for both novice and professional traders. Clients can work with various types of accounts, use a minimum order of 0.01 lots and more than over 2,500 Forex trading instruments. InstaForex has been working with the Traders Union for many years. We analyzed thousands of customer reviews which were overall positive. Many customers were particularly impressed with their excellent customer service. One such customer said “Its experts are doing everything to solve the financial and technical problems encountered by users as soon as possible”. The user-friendly interface of the website allows you to quickly find and analyze relevant information on both active and passive trading. InstaForex always cares about its customers - it provides favorable conditions for trading, as well as Customer support in an expeditious manner. It is these features that gives it a high rating of reliable Forex brokers of the Traders Union.
How to choose a CFD broker in Asia?
Selecting the right CFD broker is crucial for successful trading. We will discuss the essential factors to consider when choosing a CFD broker in Asia. Whether you're a beginner or an experienced player, these pointers will help you make an informed selection.
Regulation
Prioritize brokers regulated by reputable authorities like the Monetary Authority of Singapore (MAS), the Securities and Exchange Board of India (SEBI), or the Australian Securities and Investments Commission (ASIC). Regulation ensures fund safety and protects you from fraudulent activities, giving you peace of mind knowing that your broker adheres to industry standards.
Trading Conditions
Compare trading fees, spreads, and commissions offered by different brokers. Low fees can impact your profitability, so choose a broker whose fee structure aligns with your trading style and financial goals. Additionally, tighter spreads enhance trading opportunities and minimize costs.
Passive Income
For beginners seeking additional income streams, consider copy trading and the Percentage Allocation Management Module (PAMM). Copy trading lets you replicate trades of successful traders, while PAMM allows investment in professional fund managers' strategies. These features generate passive income by leveraging the expertise of experienced traders.
Platform Technology and Tools
Don't overlook the quality of the trading platform. Look for user-friendly platforms with real-time market data, advanced charting tools, and customizable interfaces. A robust platform enhances your trading experience and empowers you to make informed decisions.
Account Types and Minimum Deposit
Evaluate different account types offered by brokers and their minimum deposit requirements. Assess your trading goals, risk tolerance, and initial investment amount. Choose an account type that suits your needs, such as standard or premium accounts, ensuring the minimum deposit is reasonable for your budget.
How to Start Trading CFDs
Let us look at a step-by-step approach to how best to start trading.
Learn the Basics:
Before diving into CFD trading, it's essential to grasp the foundational concepts. Beginners should understand key terms like leverage, margin, and underlying assets. Familiarize yourself with the mechanics of CFD trading, including how contracts are structured, the concept of long and short positions, and how profits and losses are calculated.
Develop and Test Your Trading Strategy:
A well-defined trading strategy is crucial for success in CFD trading. Start by identifying your trading goals and risk tolerance. Determine your preferred trading style, whether it's day trading, swing trading, or position trading. Develop a systematic approach that outlines your entry and exit criteria, risk management techniques, and position sizing strategies then backtest your strategy.
Learn How to Control Risks:
Understanding and managing risks is a fundamental aspect of CFD trading. Risks in CFD trading include market volatility, leverage amplification, and overnight financing costs. Implement risk management techniques such as setting stop-loss orders to limit potential losses, diversifying your portfolio, and avoiding excessive leverage.
Practice Makes Perfect:
To gain confidence and refine your skills, practice is key. Consider utilizing demo accounts offered by CFD brokers to simulate real trading conditions without risking actual funds. Practice executing trades, analyzing charts, and managing positions. Use the opportunity to fine-tune your strategy, identify areas for improvement, and gain familiarity with the trading platform.
Is CFD Trading Legit in Asia? Please, Explain CFD Regulation in Asia
The legitimacy of CFD trading in Asia is an important consideration for traders looking to engage in this financial activity. CFD trading is a legitimate and regulated practice in many Asian countries, providing traders with opportunities to participate in the global financial markets.
Is CFD Trading Regulated?
Yes, it is imperative to trade with regulated brokers to ensure a secure and reliable trading experience. Regulators in Asia, such as the Monetary Authority of Singapore (MAS), the Securities and Exchange Board of India (SEBI), and the Australian Securities and Investments Commission (ASIC), play a crucial role in overseeing CFD trading activities. These regulatory bodies establish and enforce stringent guidelines and standards that brokers must adhere to.
Regulation serves as a protective measure for traders, safeguarding their interests and ensuring fair market practices. Regulated brokers are required to meet specific criteria, including capital adequacy, client fund segregation, and adherence to compliance standards. They undergo regular audits and are subject to supervision by the regulatory authorities, which helps maintain market integrity and transparency.
CFD Trading Restrictions in Asia
CFD trading in Asia is subject to certain restrictions imposed by regulatory authorities. These restrictions are designed to protect traders and mitigate risks associated with CFD trading. Some common restrictions include:
Leverage Limits
Regulators often impose leverage limits on CFD trading to protect traders from excessive risk exposure. The limits vary across different jurisdictions and asset classes. It is important for traders to understand and comply with these limits to manage risks effectively.
Restrictions on Availability of Certain CFD Products
Certain jurisdictions may restrict or impose additional requirements on the availability of specific CFD products. For example, there might be restrictions on trading CFDs on cryptocurrencies or other volatile instruments. Regulators aim to protect investors from highly speculative and risky instruments that may not be suitable for all traders.
Traders should familiarize themselves with the specific regulations in their respective jurisdictions to ensure compliance with the imposed restrictions. It is essential to trade with regulated brokers who adhere to these restrictions, as they provide a transparent trading environment that aligns with regulatory guidelines.
Is CFD Trading Taxable in Asia?
Taxation on CFD trading in Asia varies across different jurisdictions. Here's a summary of the tax considerations for CFD trading in prominent Asian Pacific countries:
Singapore
CFD trading in Singapore is generally taxable, but capital gains tax is not imposed. This means that any profits made by investors who trade CFDs on the side are tax-free. On the other hand, individuals engaged in full-time CFD trading are legally required to disclose their trading activities and fulfil their tax obligations accordingly.
India
In India, CFD trading is classified as speculative business income. Profits are subject to income tax based on the individual's applicable tax slab rate. Proper record-keeping and compliance with reporting requirements are crucial.
Hong Kong
No specific taxes or capital gains tax are imposed on CFD trading in Hong Kong. Traders should seek advice to ensure compliance with relevant tax regulations.
Australia
Profits from CFD trading in Australia are generally considered taxable income. Traders must report their profits and losses, with tax treatment varying based on factors such as trading frequency and tax residency status.
Japan
In Japan, CFD trading profits are subject to income tax. Traders must report earnings and pay taxes accordingly, with tax rates depending on income levels and other factors outlined in Japanese tax laws.
Always keep in mind that tax laws are subject to change, and it is advisable to consult with tax professionals to ensure compliance with the latest tax regulations and reporting requirements.
Risks of CFD trading in Asia
Contract for Difference (CFD) trading is a financial derivative product that allows traders to speculate on the price movements of various assets without actually owning them. While CFD trading offers opportunities for profit, it also carries significant risks, and these risks are applicable in Asia, as they are in other parts of the world. Here are some key risks associated with CFD trading in Asia:
High risk, high reward. CFDs are leveraged products, meaning traders can control a more substantial position with a relatively small amount of capital. While leverage amplifies potential profits, it also magnifies potential losses. Traders in Asia need to be cautious about using excessive leverage, as it can lead to significant financial losses.
Market volatility. Asian markets, including stock indices and currency pairs, can experience high levels of volatility. Events like economic releases, geopolitical tensions, or unexpected news can lead to rapid and unpredictable price movements. This volatility can result in both gains and losses for CFD traders.
Lack of ownership. CFD traders do not own the underlying assets they are trading. Instead, they are speculating on price changes. This means traders cannot benefit from dividends or corporate actions, and they are exposed only to the price movements.
Counterparty risk. CFD trading involves a contractual relationship with a broker. Traders are exposed to the financial health and reliability of the broker. In Asia, as elsewhere, it's essential to choose a reputable and regulated broker to mitigate this risk.
Regulatory environment. The regulatory landscape for CFD trading can vary across Asian countries. Some countries may have strict regulations in place to protect retail traders, while others may have fewer safeguards. It's crucial to understand the regulatory framework in your specific country and ensure you are trading with a regulated broker.
How to avoid risks of CFD trading in Asia?
To mitigate these risks, traders in Asia, as well as elsewhere, should consider the following:
Educate themselves thoroughly about CFD trading and risk management;
Choose a reputable and regulated broker;
Use leverage judiciously and understand its implications;
Develop a well-defined trading plan and stick to it;
Stay informed about market events and economic indicators;
Consider using stop-loss orders to limit potential losses;
Diversify their trading portfolio to spread risk.
CFD trading can offer opportunities for profit, but it's important to approach it with caution and a clear understanding of the associated risks, especially in Asia's diverse and dynamic markets.
Summary
Many brokers operate in Asia, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best CFD Brokers in Asia 2024 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best CFD Brokers in Asia
| TeleTrade | Markets4you | Eightcap | NPBFX | InstaForex | |
|---|---|---|---|---|---|
|
Overall score |
7.63 |
7.82 |
7.78 |
7.51 |
7.94 |
|
Execution of orders |
3.21 |
8.65 |
7.9 |
8.55 |
8.85 |
|
Investment instruments |
9.3 |
8.35 |
9.07 |
7.72 |
7.77 |
|
Withdrawal speed |
7.79 |
6.4 |
7.6 |
8.29 |
6.9 |
|
Customer Support work |
8.41 |
8.5 |
7.2 |
6.83 |
7 |
|
Variety of instruments |
8.75 |
5.77 |
8.02 |
7.67 |
8.02 |
|
Trading platform |
8.29 |
9.22 |
6.9 |
5.99 |
9.1 |
|
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FAQ
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
What learning instruments can a broker offer?
Brokers offer various educational options. These include full-fledged educational courses, or video tutorials, articles, and books. Companies also often hold seminars and webinars.
Best CFD Brokers by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).