Forex Brokers China

China is located in East Asia. With a population of over 1.4 billion, China is the most populous country in the world. China is considered the second leading economy. The country’s official currency is Yan, which is used in worldwide commercial activities.

Forex Regulation in China

The foreign exchange market in China is controlled and regulated by two main bodies – the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE).

The People’s Bank of China provides its customers with a comprehensive range of financial services in direct investment, securities, insurance, funds, aircraft leasing, and other areas.

The State Administration of Foreign Exchange (SAFE) is yet another body responsible for the sector. A range of transactions requires direct approval by the SAFE’s side. The main role of the SAFE is to study and propose policy suggestions on the reform of the foreign exchange administration system, participate in the drafting of relevant laws and regulations, supervise and manage the foreign exchange market of the state, etc.

The official website of the People’s Bank of China is www.boc.cn.

The official website of the State Administration of Foreign Exchange is www.safe.gov.cn.

  • If foreign-invested enterprises (FIEs) fail to comply with SAFE requirements, they will be banned.
  • The country bans forex margin trading and puts restrictions on FX market activities in general.
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionNo
📊Max. Leverage1:30
💰Compensation SchemeNo

Best Forex Brokers in China

Our list of Brokers in China consists of the Regulated brokers only, which are advised and safe to invest with, also defined according to the specified criteria and its Trust Scores.

BDSwiss– Best Overall Broker in China 2022
Pepperstone – Best MT4 Broker in China 2022
BlackBull Markets – Best for Scalping and EA Trading China 2022
FP Markets – Lowest Spread Broker in China 2022
HFM –Best Broker for Beginners in China 2022

How to Start Trading in China?

Forex trading in China is legal. In fact, the market is regulated quite tightly, with strict laws and regulations. The most important part is choosing the right broker. Make sure the broker is trustworthy with strict regulations. Also, it is important to find brokers that will allow you to trade the currency pairs you are interested in. Do not forget to check the broker’s payment methods and customer support, which is not less important.

Brokers Forex China List

These are the regulated brokers that accept clients from China:

Broker Detail
HFM
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
2
Pepperstone Review
BlackBull Markets logo BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
3
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC, St. Vincent and the Grenadines
4
FP Markets Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader and App
Regulation: FSC, FSA
5
BDSwiss Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB
Eightcap Review
Orbex Review Orbex
Min. Deposit: US$100
Max. Leverage: 1:500
Trading Platforms: MT4
Regulation: MFSC
Orbex Review
OANDA US
Min. Deposit: No minimum deposit
Max. Leverage: 1:50
Trading Platforms: MT4, fxTrade Mobile, TradingView
Regulation: NFA, CFTC
OANDA US Review
IC Markets
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: cTrader, MT4, MT5
Regulation: ASIC, CySEC, FSA
IC Markets Review
MultiBank Exchange Group logo MultiBank Exchange Group
Min. Deposit: US$50
Max. Leverage: 1:30 | 1:500
Trading Platforms: Maximus Platform, ECN PRO Platfrom, MultiBank Pro Platfrom, MT4, MT5
Regulation: ASIC, BaFin, CIMA, SCA, etc.
MultiBank Exchange Group Review