3 Best Forex Brokers in South Korea for 2026
Looking for the top forex broker in South Korea? After testing 80 brokers this year, our experts have identified the 3 best options tailored to diverse trading needs, complete with practical tips.
FXEmpire has tested over 80 brokers this year, using a proprietary 250-point rating system. This allows us to standardize ratings on brokers around the world and give our readers insight into some of the best options available, depending on the situation.
- Rankings are not for sale — the order comes from our test scores; no broker can pay for a higher spot.
- The authority on broker reviews since 2011 — traders have relied on our independent broker testing for over a decade.
- 80+ brokers tested every year — we test the whole market, so we know the benchmark — and which brokers actually beat it.
- Every broker takes the same test — one published scoring system: 9 weighted categories, 250+ variables, measured hands-on by our analysts.
- Every fact is checked twice — a dedicated editor re-verifies each data point, from licenses to spreads, before publication.
The list here features the top three brokers for Korean traders, focusing on regulation, platforms, trading fees and spreads, as well as the ability to communicate in the Korean language. Region-friendly payments were also searched for to help facilitate Korean traders in their journey.
List of Top Forex Brokers in South Korea
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
IC | 4.8 | 5.0 | $0 | 1:30 (ASIC) 1:30 (CySEC) · 1:5000 (FSA) · 1:400 (CMA) · 1:200 (SCB) | MT5, cTrader, MT4, TradingView, Zulutrade | Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. |
IG | 4.7 | 3.8 | $50 | 1:30 (FCA) 1:30 (JFSA) · 1:200 (BMA) · 1:30 (BaFin) · 1:50 (NFA) · 1:30 (ASIC) · 1:30 (FINMA) · 1:20 (MAS) · 1:30 (DFSA) · 1:30 (FSCA) | MT4, ProRealTime, L2 Dealer, TradingView, IG Online Platform | 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money |
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. (EU, UK) |
How Did I Select the Best Forex Brokers in South Korea?
- Regulatory governance and transparency.
- I made sure all brokers in this article accept Korean traders.
- Localized website, customer service, and platform available in Korean. All of these brokers I chose offer at least one of these in Korean.
- Asian markets. I chose brokers with instruments from Asian markets.
- Competitive fees. I looked at spreads and commissions.
- A professional platform with plenty of features was necessary to make this list also.
Best Overall
- $0Min Deposit
- 7342Tradable Instruments
- LowFees
Why We Picked It
IC Markets was founded in 2007 and is based in Sydney. IC Markets is regulated by some of the most stringent regulators in the world, and provides access to over 7,300 tradable instruments.
Regional Features:
- Entity for Korean Traders: Raw Trading Ltd, regulated by FSA Seychelles
- Maximum Leverage: 1:500
- Localized website, customer support, and platforms in Korean
- Asian Stocks: None
- Available Platforms: MetaTrader 4, MetaTrader 5, cTrader
There are several types of accounts available at IC Markets. I reviewed the cTrader account, as I love the platform’s versatility and ability to automate trading easily. There are low fees, and spreads from 0.0 pips in some instruments during highly liquid times. The commission works out to $6 per round-trip traded lot. There is a $200 minimum deposit for this account.
The execution speed at IC Markets is also a benefit, with the average execution speed being 40 milliseconds. This is a big benefit for those short-term traders out there as well as those looking to maximize an algorithmic trading strategy.
Pros and Cons
- Fast order execution
- Choice of over 7,300 instruments
- Diverse accounts and platforms
- Low spreads and commissions
- No proprietary platform
Best Trading Platform
- $50Min Deposit
- 19234Tradable Instruments
- MediumFees
Why We Picked It
IG is one of the oldest retail firms in the world. Based in London and opening in 1974, it has a long history of order execution. The trading conditions are some of the best, and the proprietary trading platform is top-notch.
Regional Features:
- Entity for Korean Traders: IG International Limited, regulated by the Bermuda Monetary Authority
- Maximum Leverage: 1:200
- Localized website, customer support, and platforms in Korean
- Asian Stocks: 550+ (Hong Kong); 1450+ (Tokyo); 100+ (Singapore)
- Available Platforms: IG Platform, MT4, MT5, TradingView, L2 Dealer, and ProRealTime
I tested the IG Platform, a proprietary trading platform built in-house. It is very versatile, as it offers all of the usual technical analysis tools a trader typically needs, well over 140, and has numerous ways to configure charting. Order placement was simple, meaning short-term traders will like it.
Traders have over 2,000 instruments from key Asian exchanges in Hong Kong, Tokyo, and Singapore, part of IG’s extensive portfolio of over 17,000 instruments. Traders can also trade via spot, CFDs, futures, or vanilla options, making IG very versatile for strategies to be implemented.
Most instruments are commission-free, with share CFDs being an exception. The floating spreads start at 0.6 pips, and overall, the spreads are lower than industry averages.
Pros and Cons
- In business for over 50 years
- Versatile platform
- Massive range of markets
- CFD, spot, futures, and vanilla options trading offered
- Beginners may be overwhelmed
Best for Professional Traders
- $0Min Deposit
- 2090Tradable Instruments
- HighFees
Why We Picked It
FxPro was founded in 1999 and is from London. FxPro has been a leader in online trading for years and focuses on professional trading. The ultra-fast execution is one of the main attractions, while offering over 2,100 instruments.
Regional Features:
- Entity for Korean Traders: FxPro Global Markets Limited, regulated by the SCB Bahamas
- Maximum Leverage: 1:10,000 (professional traders only)
- Localized website, customer support, and platforms in Korean
- Asian Stocks: None
- Available Platforms: FxPro Platform, MetaTrader 4, MetaTrader 5, cTrader
The order execution speed at FxPro is a blazing 12 milliseconds, one of the fastest in the industry. The ability to host on a Virtual Private Server is also a huge bonus for those looking to exploit quick moves, or use an algo.
Professionals may choose the FxPro Elite account, which offers raw spreads from 0.0 pips, and a $7 round turn commission schedule per lot. The minimum deposit is $1,000, making it reasonable for the conditions it offers.
I performed my testing on the FxPro Platform, which boasts an intuitive design and advanced charting capabilities. This platform has an abundance of features that short-term professional traders will love, including the scalability of charts. The spreads were basically in line with the industry standard, with the indices perhaps being ever so slightly higher.
Pros and Cons
- 12 millisecond average execution time
- Free VPS hosting
- Market research
- Great choice of platforms
- Mixed spreads
All the Brokers We Tested
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About the Authors
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.