Top 10 CFD Brokers and Trading Platforms in South Korea
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the top CFD trading platforms based on our analysis:
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AvaTrade - Best CFD trading broker in South Korea - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 3
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Eightcap - Support for popular platforms MT4, MT5, and integration with TradingView. Over 800 trading instruments, including 160+ cryptocurrency CFDs. Regulated by ASIC, FCA, CySEC, and SCB. - 5
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 6
Roboforex - A variety of trading platforms. Over 12,000 trading assets. Different types of trading accounts. - 7
PrimeXBT - Fast registration and verification. Tight spreads and low fees on crypto futures. Unified account for Forex, CFDs, cryptocurrencies, copy trading, and tournaments. - 8
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HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews.
The brokers we’ve chosen truly stand out due to their state-of-the-art platforms, attractive commission structures, and extensive range of CFDs—factors that make them prime contenders for anyone looking to trade CFDs.
Comparison of the Best CFD Brokers in South Korea
| Broker | AvaTrade | FP Markets | IC Markets |
|---|---|---|---|
| Rating | 4.7/5 | 4.7/5 | 4.7/5 |
| Foundation Year | 2005 | 2005 | 2007 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | Seychelles, Australia, Cyprus, Kenya |
| Regulators |
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| Minimum Deposit |
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| Trading Accounts |
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| Spread | from 0.6 points | from 0 points | from 0 points |
| Trading Assets (CFDs) |
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| Review | AvaTrade Review | FP Markets Review | IC Markets Review |
| Broker Comparison | |||
| Register | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds |
Best CFD Trading Platforms in South Korea
Here is a concise overview showcasing the Top 10 CFD brokers that currently cater to traders in South Korea:
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
3. IC Markets
IC Markets is a reliable and versatile broker that offers a wide range of services and tools for trading in the financial markets. The company provides impressive trading instruments, high-quality trading platforms, advanced analytical tools, and valuable education for traders of all levels.
IC Markets is likely most suitable for experienced traders who value deep liquidity, tight spreads, and advanced trading tools. Beginner traders can also benefit from the educational materials offered by the company, but they should be prepared for some additional expenses and a higher minimum deposit requirement.
Pros and Cons of IC Markets
Pros
- A wide range of trading assets.
- Low spreads.
- Variety of trading platforms.
- Quality educational materials.
- Efficient customer support service.
Cons
- High minimum deposit.
4. Eightcap
Eightcap is a modern broker with reliable regulation, convenient MT4, MT5, and TradingView platforms, and a wide selection of instruments, including over 160 cryptocurrency CFDs. It suits traders who value technology, fast market access, and competitive trading conditions. The broker will be especially interesting for active traders and those who use CFD instruments, but is less convenient for investors seeking passive trading solutions.
Pros and Cons of Eightcap
Pros
- Support for popular platforms MT4, MT5, and integration with TradingView.
- Over 800 trading instruments, including 160+ cryptocurrency CFDs.
- Regulated by ASIC, FCA, CySEC, and SCB.
- Convenient deposit and withdrawal methods with no fees.
- Modern analytics tools: AI economic calendar and FlashTrader for MT5.
Cons
- No cent or Islamic accounts.
- No passive trading solutions (copy trading, PAMM).
5. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
6. RoboForex
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
7. PrimeXBT
PrimeXBT is an excellent platform for active Forex and cryptocurrency traders, scalpers, high-leverage enthusiasts, and those who value rapid registration, low fees, and integrated copy trading. The platform is particularly attractive if you combine margin trading on traditional markets with crypto futures, and do not require spot ETFs, bonds, or first-tier licenses (FCA/CySEC). Moreover, extensive tournaments, bonuses, and VIP discounts make it appealing for beginner traders looking to start without large deposits.
Pros and Cons of PrimeXBT
Pros
- Fast registration and verification.
- Tight spreads and low fees on crypto futures.
- Unified account for Forex, CFDs, cryptocurrencies, copy trading, and tournaments.
- No inactivity fees.
- 3 free fiat withdrawals per month.
- 24/7 customer support.
Cons
- Second-tier regulation (FSA Seychelles, FSCA South Africa; no FCA/CySEC).
- Balance denominated only in USD – potential conversion costs.
- No telephone support.
8. Plus500
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Diversity of trading assets.
- Intuitive trading platform.
- 24/7 support.
- Built-in analytics.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
9. Exness
Broker Exness is one of the most attractive companies offering brokerage services for clients worldwide in the Forex market.
Partnership with leaders in financial analytics, minimal commissions, numerous positive client reviews, a well-established operational scheme, and a decent selection of real assets and account currencies makes trading with the broker profitable and secure.
Pros and Cons of Exness
Pros
- Wide selection of trading accounts.
- Instant fund withdrawal.
- Variety of trading platforms.
- A variety of analytical tools.
Cons
- Limited selection of educational materials.
- Average selection of markets and products.
- Deposit fees.
10. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
What is CFD?
A Contract for Difference, or CFD, is a financial derivative that allows traders to speculate on the price movement of various assets—like stocks, commodities, or currencies—without actually owning the underlying asset. Essentially, you’re trading on price differences over time.
How CFDs Differ from Other Financial Instruments
Unlike traditional stocks where you hold actual company shares, CFDs are merely contracts based on price changes. This lets you trade both rising and falling markets, often with higher leverage than you’d get with traditional investments.
Pros and Cons of CFD Trading
Advantages
- Leverage: Trade larger positions with smaller capital.
- Flexibility: Go long or short with equal ease.
- Variety: Access multiple markets from a single platform.
Disadvantages
- High Risk: Leverage magnifies both gains and losses.
- Costs: Spreads and overnight fees can pile up.
- Regulatory Considerations: Not all brokers are regulated equally.
Key Factors to Consider When Choosing a CFD Broker
Regulation and Security
Always confirm a broker’s regulatory status. Look for platforms supervised by reputable financial authorities to ensure your capital is secure and protected.
Trading Fees and Costs
Tight spreads and low commissions can help you keep more of your profits. Check for hidden fees such as withdrawal costs, overnight swaps, or data fees.
Trading Platforms
Whether you prefer MetaTrader, cTrader, or a proprietary platform, ensure it offers a user-friendly interface and reliable functionality.
Asset Availability
Some brokers focus exclusively on forex, while others provide a wide selection of stocks, indices, commodities, and even cryptocurrencies.
Customer Service
The best brokers offer prompt, helpful support via phone, email, or live chat. Excellent customer service can save you a lot of headaches down the line.
Educational Resources
If you’re new to CFD trading or want to refine your skills, a broker with webinars, tutorials, and articles can be invaluable.
How Was the List of the Best CFD Brokers in South Korea Compiled
When determining which CFD brokers to include for traders in South Korea, we employed a thorough selection process to ensure only reputable and high-quality platforms made the cut. Below are the main steps we followed:
Initial Broker Pool We began with an extensive list of Forex brokers known for their solid track record. From there, we examined how well they serve CFD traders, focusing on the range and quality of instruments available.
Stringent Testing Protocols Each broker underwent multiple assessments to confirm reliability, transparency, and performance. By applying strict benchmarks, we filtered out any services that fell short of our criteria for excellence.
Focus on South Korean Traders All shortlisted brokers were evaluated on their capacity to cater to a wide range of traders in South Korea. This assessment included checking for dedicated language support (where available), local deposit and withdrawal methods, and user-friendly features tailored to South Korean market preferences.
Essential CFD Features To ensure traders have a seamless experience, we prioritized brokers that offer a large variety of trading instruments, tight spreads, and robust platforms suitable for everyone from novices to experienced investors.
Client Fund Protection Finally, we verified that each broker maintains segregated client accounts and follows guidelines set by esteemed regulatory bodies such as the FCA, ASIC, and CySEC. This helps guarantee that traders’ funds are protected under strict compliance measures.
By applying these rigorous criteria, we’ve curated a list of CFD brokers that not only excel in reliability and security but also cater specifically to the needs of South Korean traders. This careful approach allows investors in South Korea to enter the CFD arena with greater confidence, knowing they are trading with proven, top-tier brokerages.
FAQ
Is CFD trading legal in South Korea?
Yes, CFD trading is legal. However, it must be done through brokers that comply with local regulations and investor protection guidelines.
What is the minimum deposit required to start trading CFDs?
Minimum deposit requirements vary by broker, ranging anywhere from $1 to $500 or more. Always check your chosen broker’s specific requirements before opening an account.
Can beginners successfully trade CFDs?
Absolutely, but a solid education is vital. Many brokers offer tutorials, webinars, and demo accounts to help beginners understand the basics. Additionally, be sure to check out our best Forex brokers in South Korea list to find platforms that are well-suited for those just starting out.
What are the risks associated with CFD trading?
The biggest risk is leverage, which can magnify losses just as much as it can amplify gains. Market volatility and fees also pose potential pitfalls.
How do I choose the right trading platform for CFDs?
Consider ease of use, available assets, analytical tools, and overall reliability. Test out demo accounts to see if a platform suits your trading style.
Can I trade CFDs on my mobile device?
Yes. Most top brokers provide mobile-friendly platforms for Android and iOS, giving you the freedom to trade on the go.
What types of assets can I trade with CFDs?
You can trade a wide range of assets, including forex, stocks, indices, commodities, and cryptocurrencies, depending on the broker’s offerings.
How do CFD brokers make money?
Brokers primarily earn through spreads—the difference between the bid and ask price. Some also charge commissions and swap fees.
Are demo accounts available for practicing CFD trading?
Yes, most reputable brokers offer demo accounts. This is a risk-free way to learn the ropes before diving into live markets.
