Demo Account Guide
Demo Account Guide
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Ultimate Guidebooks for Asian Traders

👪 Total Population: 4.7 billion
Highest Population: India 1,438 million (Mar/2024)
Lowest Population: Maldives 345 thousand (Mar/2024)
Highest GDP: China $19.3 million (2023)
Lowest GDP: East Timor $1,988 (2023)
  Average GDP Growth: 4.2% (2023)
Highest Inflation Rate: Syria 140% (Dec/2023)
Lowest Inflation Rate: Afghanistan -9.7% (Feb/2024)
📈 Interest Rate:
  • Japan (BoJ): 0.00% (Mar/2024)
  • China (PBoC): 3.45% (Mar/2024)
  • India (RBI): 6.50% (Feb/2024)
  • Indonesia (BI): 6.00% (Mar/2024)

Forex Trading in Asia

Asia is the largest continent among others with an area of approximately 44.8 million square kilometers. Of the 4.7 billion population in Asia, as many as 3.2 million are engaged in forex trading.

One of the major central banks on this continent is the Bank of Japan, often abbreviated as BoJ. BoJ is renowned for its unconventional negative interest rate policy, where it sets interest rates below zero to spur economic growth and inflation. The Japanese yen, particularly paired with the USD (USD/JPY), stands as one of the major currency pairs frequently traded.

What You Need to Know About the Regulatory in Asia

In terms of regulation, forex trading in Asia is subject to stringent oversight by official regulatory bodies. Some renowned regulatory authorities in the region include the Monetary Authority of Singapore (MAS) and the Japan Financial Services Agency (JFSA).

Additionally, smaller regulatory bodies such as the Securities and Exchange Commission (SEC) in Thailand, the China Securities Regulatory Commission (CSRC), and the Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia also play crucial roles in ensuring market integrity and investor protection.

The requirements set by Asian regulators for forex brokers are more or less the same, some of which are as follows:

  • They must provide segregated accounts to separate client funds from broker operations.
  • They must offer trading education services so that beginners can understand that trading is risky and cannot be done haphazardly.
  • They limit the use of high leverage to protect clients from large losses. For example, MAS sets the maximum leverage for forex trading at 1:20, while BAPPEBTI limits it to 1:100.
  • Detailed verification processes to ensure no money laundering or other scam activities are occurring.

If traders want to obtain more flexible trading conditions, usually the best choice will fall on forex brokers regulated by FCA, ASIC, CySEC , or offshore brokers. Here are popular regulated brokers in Asia.

Year Est. 2008
Min Deposit
Fast Withdrawal
$10
Leverage 1:2000
Regulation FSA (Seychelles), CBCS (Curacao), FSC (BVI), FSCA, CMA (Kenya), FCA, CySEC, ESMA
score 86
Year Est. 2009
Min Deposit
Adjustable Leverage
$5
Leverage 1:3000
Regulation ASIC, CySEC, FSCA, Belize Financial Service Commission (FSC), FCA
score 84
Year Est. 2009
Min Deposit
Best Educational content
$5
Leverage 1:1000
Regulation FCA, CySEC, BaFin, CNMV, FSP (New Zealand), ASIC, CONSOB (Italy), Belize Financial Service Commission (FSC), ESMA
score 81
Year Est. 2011
Min Deposit
Low Cost Forex Broker
$25
Leverage 1:500
Regulation CySEC, SVGFSA
score 78
Year Est. 2007
Min Deposit
Commendable Raw Spreads
$200
Leverage 1:1000
Regulation ASIC, CySEC, SCB, The Financial Commission, FSA (Seychelles)
score 89
Year Est. 2010
Min Deposit
Best for Beginners
$0
Leverage 1:400
Regulation ASIC, BaFin, Capital Markets Authority of Kenya, CySEC, DFSA (Dubai), FCA, SCB
score 79
Year Est. 2010
Min Deposit
Award Winning Broker
$0
Leverage 1:2000
Regulation Capital Markets Authority of Kenya, CySEC, DFSA (Dubai), FCA, FSA (Seychelles), SVGFSA, FSC (Mauritius), FSCA
score 71
score 86
Fast Withdrawal
Year Est. 2008
Min Deposit $10
Leverage 1:2000
Regulation FSA (Seychelles), CBCS (Curacao), FSC (BVI), FSCA, CMA (Kenya), FCA, CySEC, ESMA
score 84
Adjustable Leverage
Year Est. 2009
Min Deposit $5
Leverage 1:3000
Regulation ASIC, CySEC, FSCA, Belize Financial Service Commission (FSC), FCA
score 81
Best Educational content
Year Est. 2009
Min Deposit $5
Leverage 1:1000
Regulation FCA, CySEC, BaFin, CNMV, FSP (New Zealand), ASIC, CONSOB (Italy), Belize Financial Service Commission (FSC), ESMA
score 78
Low Cost Forex Broker
Year Est. 2011
Min Deposit $25
Leverage 1:500
Regulation CySEC, SVGFSA
score 89
Commendable Raw Spreads
Year Est. 2007
Min Deposit $200
Leverage 1:1000
Regulation ASIC, CySEC, SCB, The Financial Commission, FSA (Seychelles)
score 79
Best for Beginners
Year Est. 2010
Min Deposit $0
Leverage 1:400
Regulation ASIC, BaFin, Capital Markets Authority of Kenya, CySEC, DFSA (Dubai), FCA, SCB
score 71
Award Winning Broker
Year Est. 2010
Min Deposit $0
Leverage 1:2000
Regulation Capital Markets Authority of Kenya, CySEC, DFSA (Dubai), FCA, FSA (Seychelles), SVGFSA, FSC (Mauritius), FSCA

Participation in Trading competitions is High

Despite being restricted in certain Asian countries, forex trading remains a widely embraced activity among the populace. This is evidenced by the substantial number of forex traders hailing from Indonesia, Malaysia, the Philippines, and India, who often dominate broker trading contests, such as the Octa Demo Contest and XM Social Trading Competition.


In terms of copy trading or social trading, traders from China typically boast large followings due to their superior win rates compared to their counterparts. Below is one of the rankings of XM social competitions dominated by traders from China and other Asian countries.

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