Risk Warning: Your capital is at risk. Statistically, 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

Best Forex Brokers in South Korea

South Korea’s regulatory body has a strong oversight. Both local and international brokers have to adhere to FSC (Financial Services Commissions). Check out some of the best international brokers with the best support, services, and a wide range of trading instruments to trade with. The following are our best picks.

Order by
71Grand CapitalBonusDeposit Bonus Offer (40%) by Grand CapitalFree VPS HostingMin deposit $10Max leverage 1:100Regulated by FSA, FSA (SV)Add to compare listRating 4 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/7 instant money withdrawalLow minimum depositRead review
Pros

  • Competitive Minimum Deposit: The minimum deposit required to open an account with Grand Capital is $10, a relatively low minimum deposit in the industry.

  • All-Inclusive Educational Resources: Grand Capital provides educational resources for traders of all levels. The broker has webinars, video tutorials, and publications that cater to different trading needs.

  • Flexible Leverage: Grand Capital stands out with its flexible leverage options ranging from 1:1 to 1:2000. This flexibility allows traders to manage their risk and exposure according to their trading strategy.

Cons

  • Weak Regulation and Licensing: The financial market is subject to many regulatory bodies, and the more license brokers can boast of, the more credible they appear. Unfortunately, Grand Capital is not as licensed as many top brokers in the financial market.

  • Limited Trading Platforms: Grand Capital only has three trading platforms; MT4, MT5, and Grand Trade.

Withdrawal fee $0Deposit fee $0
72ExnovaLow Minimum DepositMin deposit $10Max leverage 1:500Regulated by NoAdd to compare listRating 4 / 5Start trading
Pros, cons & fees
Affiliate programCashback RewardsTrading SignalsRead review
Pros

  • Exnova provides an intermediate level of educational materials and market insights, making it an excellent choice for traders looking to enhance their knowledge and skills.

  • The broker provides negative balance protection, ensuring traders do not lose more than their initial Deposit, enhancing risk management.

  • Although relatively young, Exnova has received recognition in the form of multiple industry awards, further affirming its reputation and commitment to excellence.

Cons

  • The inability of Exnova to provide basic information about itself on its website is seen as a critical flaw. Users have to register an account before being able to access crucial information.

  • Exnova lacks regulatory license from any reputable financial organization. This means the broker is not held to industry standard.

  • The broker currently lacks the copy trading feature. This prevents traders from enjoying following and replicating the strategies of experienced traders.

73SwissquoteBonus€100 Cashback Referral Bonus by SwissquoteBest Secure BrokerRegulated by FINMAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Regulated and licensed by multiple financial authorities

  • Offers a wide range of assets for trading

  • Provides advanced trading tools and platforms

Cons

  • Does not accept clients from some countries, including the United States

  • Has high minimum deposit requirements

  • Has limited leverage compared to some other brokers

74TickmillBonus$1,000 Trader of the Month Prize by TickmillBest For High Balance TradersRegulated by FCA, FSAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accountsRead review
Pros

  • Regulated by multiple authorities, including FCA and CySEC

  • Low minimum deposit requirement

  • Offers a wide range of trading instruments, including cryptocurrencies

Cons

  • No social trading platform or copy trading feature

  • No fixed spreads are available

  • Limited options for account funding and withdrawal

75HotForexBonusShield 500 Account by HotForexBest For Biggest Offering of CFDsRegulated by CySEC, FIUAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Free VPS hosting24/7 instant money withdrawalSpecialized trading accountsRead review
Pros

  • Multiple regulatory bodies regulate it.

  • Low spreads starting from 0.1 pips.

  • High leverage of up to 1: 1000 for professional clients.

Cons

  • Does not accept clients from the USA, Canada, Sudan, Syria, and North Korea.

  • Hot Forex's trading fees are slightly higher than average industry rates.

  • HFcopy requires a minimum investment of 300 EUR, often considered steep.

76xChief (ex. ForexChief)BonusSpecial Trader Package by xChiefBest For Contract TradingRegulated by VFSC, ASIC, MISAAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Low minimum deposit requirement of $10 across all account types.

  • Beneficial trading terms such as low trade volume, starting at 0.01 lots, and tight spreads, starting from 0 pips.

  • Availability of multiple payment methods for deposits and withdrawals without any fees from the Broker's end.

Cons

  • Non-compliance with ESMA leverage capping may not be suitable for traders looking for low-risk options.

  • Unclear compensation levels in case of any mishap, with each case being reviewed separately.

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77Markets.comBest For Forex, Gold & CFD TradingRegulated by CySEC, AMFAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker's credibility as a financial service provider.

  • Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.

  • Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.

Cons

  • Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.

  • No Customer Support Service on Weekends: Since trading is 24/7, it's only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.

78TradeNation (ex. Core Spreads)BonusAUD $5,000 Referral Reward by Trade NationFixed Spreads AvailableMin deposit $0Max leverage 1:200Regulated by FCA, ASIC, FSCA +2Add to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Affiliate ProgramFixed Spreads AvailableRead review
Pros

  • Competitive, low-cost spreads

  • User-friendly platforms

  • Wide range of markets

Cons

  • Limited advanced trading tools

  • Fewer account types

  • Stock CFDs only, no direct stock trading

Withdrawal fee $0Deposit fee $0
79Capital Index Investor protection180+ Tradable InstrumentsMin deposit $100Max leverage 1:200Regulated by FCA, SCBAdd to compare listRating 3.9 / 5Start trading
Pros, cons & fees
Top Tier Regulations180+ Tradable InstrumentsRead review
Pros

  • Top tier regulators like CySEC, FSCS, and FCA

  • Variety of trading accounts with different spreads and leverage options

  • Diverse range of assets.

Cons

  • Only available to the UK residents.

  • Inactivity fees apply to dormant accounts

  • Higher spreads on standard accounts

Withdrawal fee $0Deposit fee $0
80Interactive BrokersBonusRefer a Friend Program by Interactive BrokersBest For Day TradersRegulated by FCA, CFTC, NFA +1Add to compare listRating 3.9 / 5Start trading
Pros, cons & fees
24/7 instant money withdrawalRead review
Pros

  • Unparalleled Market Access

  • Competitive Pricing

  • Advanced Trading Tools

Cons

  • Steep Learning Curve

  • Customer Service Could Be Better

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Our ranking methodology and selection process