Brokers by Country · KR
Brokers in South Korea, 2026
Tracked byIndependent review teamUpdated
South Korea operates one of the most heavily regulated retail derivatives markets in Asia. The Financial Services Commission (FSC) and its Financial Supervisory Service (FSS) supervise domestic securities firms — Mirae Asset, NH Investment, Kiwoom Securities, Samsung Securities — which offer KRX-listed futures and options. OTC retail margin FX through international CFD providers is functionally prohibited; the FSC has actively blocked unauthorised offshore platforms targeting Korean residents.
8 / 8 brokers accept South Korea
mixedEditorial top pick
01Editorial top pick
01FxPro
FCACySECSCBFSCAOpen account at FxPro →- Avg spread
- 0.30pip
- Cost / lot
- $10.00
- Min deposit
- $100
- Max leverage
- 1:500
midpoint of broker rangeincl. $7 commissionEU/UK retail: 1:30 · SCB (Bahamas) entity: 1:500Four diversified regulators (FCA, CySEC, FSCA, SCB) with 18+ years operating history · MT4/MT5 Standard accounts are spread-only at ~1.2 typical pips — only use cTrader or Raw if you want commission-based pricing
Fits ifYou are EU or UK retail and want double tier-1 cover (FCA + CySEC) at one brokerPlatformsMetaTrader 4, MetaTrader 5, cTrader, FxPro EdgeFounded in 2006 · Verified Jun 1, 2026
- 02
02Tickmill
FCACySECFSAFSCAOpen account at Tickmill →- Avg spread
- 0.20pip
- Cost / lot
- $8.00
- Min deposit
- $100
- Max leverage
- 1:1000
editorial estimateincl. $6 commissionEU/UK retail: 1:30 · Seychelles entity: 1:1000Raw account: 0.0 from-spread + $6 round-turn — ECN-style pricing in a commission-based tier · Broker publishes "from" spreads only — realised typical is not disclosed on the accounts page
Fits ifYou are EU or UK retail and want FCA + CySEC double cover with ECN-style commission pricingPlatformsMetaTrader 4, MetaTrader 5Founded in 2014 · Verified Jun 1, 2026
- 03
03Deriv
BVIMFSAOpen account at Deriv →- Avg spread
- 0.70pip
- Cost / lot
- $7.00
- Min deposit
- $5
- Max leverage
- 1:1000
editorial estimateno commissionEU retail (MFSA Malta): 1:30 · Labuan / Vanuatu / BVI entities: up to 1:1000$5 minimum + 25 years of operating history (since 1999 as Binary.com, rebranded Deriv in 2020) · Forex is secondary to synthetic indices (their proprietary product) — CFD instrument breadth is narrower than ECN-focused brokers like Tickmill
Fits ifYou trade synthetic indices (Volatility, Crash, Boom) — Deriv invented this product categoryPlatformsMetaTrader 5, Deriv XFounded in 1999 · Verified Jun 1, 2026
- 04
04AvaTrade
ASICFSCACBIBVIOpen account at AvaTrade →- Avg spread
- 0.90pip
- Cost / lot
- $9.00
- Min deposit
- $100
- Max leverage
- 1:400
broker-published typicalno commissionEU/UK/AU retail: 1:30 · FSCA / BVI entities: up to 1:400Regulated in 6 jurisdictions · Spread-only pricing at 0.9 pip = ~$9/lot round-turn — wider than ECN/Raw brokers at similar volume
Fits ifYou are AU or EU retail and want CBI + ASIC double cover with 20 years of operating historyPlatformsMetaTrader 4, MetaTrader 5, AvaOptions, DupliTradeFounded in 2006 · Verified Jun 1, 2026
- 05
05XM Group
ASICCySECIFSCOpen account at XM Group →- Avg spread
- 1.30pip
- Cost / lot
- $13.00
- Min deposit
- $5
- Max leverage
- 1:1000
midpoint of broker rangeno commissionEU/AU retail: 1:30 · XM Global (offshore entity): up to 1:1000$5 minimum makes starting cheap · Standard account EUR/USD spread 1.0–1.6 pip (broker-published range) + $0 commission ≈ $13/lot — one of the highest costs in our list
Fits ifYou want the lowest-friction entry in our list — $5 minimum depositPlatformsMetaTrader 4, MetaTrader 5, Web TraderFounded in 2009 · Verified Jun 1, 2026
- 06
06Libertex
SVG FSAOpen account at Libertex →- Avg spread
- 0.50pip
- Cost / lot
- $5.00
- Min deposit
- $10
- Max leverage
- 1:999
midpoint of broker rangeno commissionLibertex International (St. Vincent & the Grenadines). EU/EEA residents are served by the separate CySEC-regulated entity at 1:30.$10 minimum + Forex Club heritage (founded 1997) — long operating history · Offshore SVG (St. Vincent & the Grenadines) registration only — no tier-1 (FCA/ASIC) or EU (CySEC) oversight
Fits ifYou have $10 to start — one of the lowest entry minimums in our listPlatformsMetaTrader 4, MetaTrader 5, Libertex PlatformFounded in 1997 · Verified Jun 1, 2026
- 07
07RoboForex
IFSCOpen account at RoboForex →- Avg spread
- 0.20pip
- Cost / lot
- $6.00
- Min deposit
- $10
- Max leverage
- 1:500
broker-published typicalincl. $4 commissionIFSC Belize offshore only — ECN tier; separate Pro account reaches 1:2000ECN account: 0.2 typical + $4 round-turn ≈ $6/lot — among cheapest commission tiers in our list · IFSC Belize only — no tier-1 regulator, no FSCS-equivalent protection
Fits ifYou're in a non-restricted, non-EU-focused jurisdiction and want ECN-style $6/lot pricing at a $10 entry minimumPlatformsMetaTrader 4, MetaTrader 5, R Stocks TraderFounded in 2009 · Verified Jun 1, 2026
- 08
08Alpari
MISA1 actionOpen account at Alpari →- Avg spread
- 0.25pip
- Cost / lot
- $7.50
- Min deposit
- $500
- Max leverage
- 1:1000
midpoint of broker rangeincl. $5 commissionPro ECN tier (Mauritius / St. Vincent offshore); Standard tier reaches 1:3000 at $50 min · not offered to EU/UK/AU retail27 years of operating history (founded 1998) — predates most current retail brokers · Regulated only by offshore entities (Mauritius / St. Vincent) after losing its FCA licence in 2015 — no tier-1 regulator, no FSCS-equivalent protection
Fits ifYou have $500+ and want commission-based Pro ECN pricing at ~$7.50/lot with 27 years of operating historyPlatformsMetaTrader 4, MetaTrader 5Founded in 1998 · Verified Jun 1, 2026
Country context
- Regulator
- FSC · Financial Services Commission — supervises capital markets via FSS; OTC retail forex tightly restricted
- Currency
- KRW
- Payment methods
- Bank transferTossKakaoPayBC Card
Trading profits from KRX-listed futures are taxable as miscellaneous income at progressive rates up to 45% (separate self-assessment). A 0.45% securities transaction tax applies to equity sales. Profits from offshore brokers are taxable as foreign-source income for Korean residents and must be self-declared; the National Tax Service requires reporting of overseas brokerage accounts above KRW 500 million.
FSC rules cap retail futures leverage at approximately 1:5 effective (margin-based, not headline 1:X notation). Negative balance protection is mandatory at licensed firms. The Korean Investor Protection Fund covers up to KRW 50 million per client. Foreign exchange controls under the Foreign Exchange Transactions Act require reporting outbound retail FX flows above USD 50,000 per year through authorised foreign-exchange banks.
Frequently asked
Which brokers accept residents of South Korea?+
8 of 8 brokers in our ranking accept South Korea: FxPro, Tickmill, Deriv, AvaTrade, XM Group.
Who regulates brokers for South Korea?+
Primary regulator: FSC — Financial Services Commission — supervises capital markets via FSS; OTC retail forex tightly restricted.
What payment methods are available?+
Common methods: Bank transfer, Toss, KakaoPay, BC Card.
What are the tax rules for trading in South Korea?+
Trading profits from KRX-listed futures are taxable as miscellaneous income at progressive rates up to 45% (separate self-assessment). A 0.45% securities transaction tax applies to equity sales. Profits from offshore brokers are taxable as foreign-source income for Korean residents and must be self-declared; the National Tax Service requires reporting of overseas brokerage accounts above KRW 500 million.
Scope of coverage
- Brokers tracked
- 14
- Regulators indexed
- 55
- Regulator actions logged
- 2
- Latest pricing verification
- Jun 1, 2026
Pricing and licensing status refresh weekly; the ranking is reviewed quarterly.