Best Forex Brokers in Southeast Asia for 2024
If you are a trader looking for the Best Forex Brokers in Southeast Asia for 2024, you may find this feature useful. Our chosen brokers welcome investors from Singapore, Malaysia, Indonesia, Thailand, Vietnam among other countries, and also have the resources in place to accommodate local payments and provide multilingual customer service.
The most reputable brokers in this region are regulated by local financial authorities, such as the Monetary Authority of Singapore (MAS) or the Securities and Exchange Commission of the Philippines (SEC), which ensure that investment firms adhere to a strict set of financial standards and practices.
FX Trust Score helps you save hours of research and fast track to a top list of Southeast Asian Forex Brokers which meet important criteria. We focus on key features such as regulatory compliance, security and fund protection, customer support and online reputation. We only feature licensed brokers who go above and beyond to ensure their clients can invest with ease, confidence and peace of mind.
Let’s take a look at our leaderboard featuring the Top Southeast Asian Forex Brokers for 2024 below:
Best Southeast Asia Brokers Leaderboard
Score: 4.5 / 5
2,100+ Instruments Wide Variety of Platforms Good Educational Resources Fast Order Execution Strong Security Policies
*Trading carries a risk of loss
Score: 4.45 / 5
1,250+ Instruments One-Click Trading Automated Trading Platforms Informative eBooks 24/7 Customer Support
Score: 4.3 / 5
500+ Instruments 80+ Currency Pairs Detailed Education Section Regular Promotions
Score: 4.1 / 5
60+ Currency Pairs Generous Promotions Advanced MT5 Toolkit 24/7 Customer Support
Score: 4.05 / 5
70+ Currency Pairs Raw Spreads from 0.0 Pips Regular Client Promotions Good Local Payment Methods
*Trading carries a risk of loss
Score Breakdown
See the breakdown showing how the Best Forex Brokers in Southeast Asia for 2024, performed across six important criteria in our FX Trust Score Index.
| Regulatory Compliance | Security & Fund Protection | ||
| AvaTrade | 5/5 | AvaTrade | 5/5 |
| FXPro | 5/5 | Axi | 5/5 |
| IronFX | 5/5 | OANDA | 5/5 |
| Axi | 3/5 | FXGT.com | 5/5 |
| FXGT.com | 3/5 | IronFX | 5/5 |
| Customer Support | Localisation | ||
| FXGT.com | 5/5 | AvaTrade | 4/5 |
| FXPro | 5/5 | Axi | 4/5 |
| AvaTrade | 3/5 | FXGT.com | 4/5 |
| Axi | 3/5 | FXPro | 4/5 |
| IronFX | 3/5 | IronFX | 4/5 |
| Local Payment Methods | Online Reputation | ||
| Axi | 5/5 | AvaTrade | 5/5 |
| AvaTrade | 4/5 | Axi | 4/5 |
| FXGT.com | 4/5 | FXGT.com | 4/5 |
| FXPro | 3/5 | FXPro | 4/5 |
| IronFX | 3/5 | IronFX | 4/5 |
*Where scores are tied, brokers are listed in alphabetical order.
The FXTS Verdict
Following extensive research, review and comparison, the Best Forex Broker in Southeast Asia for 2024 is FxPro. The broker finished in top position on the FX Trust Score Leaderboard, scoring highly in all categories; compliance procedures, fund security, customer support, localisation, and online reputation. FxPro emerged as one of the most impressive brokers currently operating in Southeast Asia, presenting a wide array of tradable instruments, excellent trading platform options, and rigid fund security measures that protect its clients’ investments. Additionally, it offers a whole host of educational resources including trader guides, webinars, analysis articles, and informative videos, making it an especially attractive option for beginner traders.
Moving down the rankings, AvaTrade finished in second place due to its comprehensive instrument availability, one-click trading options, and excellent automated trading platform lineup. Its round-the-clock client support was also a notable feature. As for the rest of the companies listed above, each broker offers generous ongoing promotions and bonuses to clients trading in Southeast Asia. In summary, IronFX is well-regarded for its education section, FXGT.com’s advanced MT5 toolkit is a standout feature, and Axi presents a plethora of local payment methods suited to Southeast Asian traders.
How did we choose the Best Forex Brokers in Southeast Asia for 2024?
When ranking the Best Forex Brokers in Southeast Asia for 2024, we took a great deal of care during the entire investigative process. This involved the filtering out of any unsuitable companies that failed to meet the level required to make it on the leaderboard, ensuring that only the most reputable brokerages made the final cut. Only brokers with an established market in Southeast Asia were eligible for review.
We went through the websites of each broker and examined the range of features they presented in key Southeast Asian countries such as Thailand, Malaysia, Singapore, Malaysia and others. By localising each individual website prior to reviewing the products, instruments, and promotions on offer, we were better able to assess how well served the region was by the Top-Listed Southeast Asian Forex Brokers.
FAQs
There are many companies which could realistically be classed as the best forex broker of the year in Southeast Asia. However, the process of thoroughly researching and ranking each broker is both difficult and time consuming. Fortunately, we have prepared an in-depth and informative guide, analysing some of the best Southeast Asian forex brokers across a range of criteria, including security of funds, customer support, online reputation, and localisation. Check out the final FX Trust Score Leaderboard above.
The best way to invest in Southeast Asia depends on your financial goals, risk tolerance, and investment knowledge. Common methods include investing in regional stock markets, mutual funds, exchange-traded funds (ETFs), real estate, and starting or expanding businesses. In relation to trading CFDs instruments, make sure that you choose a broker you can fully trust. To find out more about the best forex brokers in Southeast Asia, take a look at our insightful guide above.
The largest stock market in Southeast Asia is the Stock Exchange of Thailand (SET), which is composed of a wide range of listed companies across various sectors. It offers significant liquidity and market capitalisation, making it a key financial hub in the region. The SET provides investors with access to numerous investment opportunities and is known for its strong regulatory framework, ensures transparency and the protection of investor funds. It is considered to be an attractive destination for both local and international investors looking to tap into the economic growth of the Southeast Asian region.
The first factor that constitutes a suitable broker for traders is whether it is properly regulated by reputable authorities licensed to operate in the Southeast Asia region. Also look for brokers that offer platforms supporting local languages, provide customer service with local market knowledge, and allow transactions in local currencies. The best brokerages in Southeast Asia should also offer competitive spreads and have a good range of tradable currency pairs, including ASEAN currencies.
Yes, traders should be aware of regulations specific to their country as financial regulations vary across Southeast Asia. It is advisable to choose brokers regulated by local authorities such as the Monetary Authority of Singapore (MAS), Securities Commission of Malaysia (SC), or other national regulatory bodies to ensure compliance and security.
Most top forex brokers offer a variety of currency pairs that include major global currencies and several ASEAN currencies such as the Japanese Yen (JPY), Singapore Dollar (SGD), Malaysian Ringgit (MYR), Thai Baht (THB), and others. Check the specific broker’s list of base currencies and tradable assets to confirm the availability of these currencies.
Brokers suitable for traders typically offer a variety of deposit and withdrawal methods, including local bank transfers, credit/debit cards, and eWallets popular in the region like Skrill, NETELLER, and local options such as PayNow in Singapore, PromptPay in Thailand, or GCash in the Philippines.
Assessing reliability involves checking the broker’s regulatory status, reading customer reviews, and verifying the quality of customer support. Additionally, consider the transparency of their trading conditions, the robustness of their trading platforms, and the efficiency of their banking processes. At FX Trust Score, we aim to research brokers extensively and provide reliable feedback in one place.
Top-tier brokers in Southeast Asia should provide comprehensive educational resources that cater to both beginners and advanced traders. These include webinars, seminars, video tutorials, eBooks, and in-depth articles on forex trading and strategies. Additionally, materials specific to trading in local markets and economic conditions can be very beneficial.
