| Updated: November 19, 2024- Jump to:
- Main features of the best China Forex brokers
- Forex Brokers in China Compared by Spread
- Account Types and Commissions
- Forex Legislation
- Financial Regulators
- Payment Methods
- Trading Software
- Mobile Trading
- FAQ
Our team of expert traders tested many regulated and trustworthy forex brokers that accept traders from China and compiled a toplist with the best among them. Each broker operating in China received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.
Fusion Markets74-89% of retail CFD accounts lose money- FP Markets73.85% of retail investor accounts lose money
- Pepperstone75.5% of retail investor accounts lose money
- Global Prime74-89% of retail CFD accounts lose money
- eToro51% of retail investor accounts lose money
- XM Group72.82% of retail investor accounts lose money
Below you can find a comprehensive comparison table of forex brokers for traders in China. We rank them based on several factors including: regulation, spreads and commissions, Trustpilot rating, trading instruments, trading platforms, deposit and withdrawal methods.
Main features of the best China Forex brokers
- Min Deposit$0Trading InstrumentsForex, Commodities, Indices, Crypto, US StocksRegulatorsASIC, FSA (Seychelles), VFSC (Vanuatu)Trading PlatformsMetaTrader4, MetaTrader5, cTrader, DupliTrade, Fusion+ Copy TradeSpread0.9 pips Classic; 0.0 pips ZeroLeverage1:30Deposit MethodsVisa, Mastercard, PayPal, Skrill, Neteller, Fasapay, Jeton Wallet, Perfect Money, Online Naira, Doku, Bitcoin, Ethereum, Litecoin, USDT, Tether, Ripple, bank wireWithdrawal MethodsVisa, Mastercard, Bank Wire, Skrill, Neteller,Bitcoin, Ethereum, Litecoin, Tether, Ripple74-89% of retail CFD accounts lose money
Chinese traders can easily open a Demo, Classic, or Zero account at Fusion Markets. Real money accounts can be funded via several methods including ZotaPay, which processes CNY payments. Tradable instruments include Forex, Indices, Metals, US Shares, and more. Trading is possible thanks to platforms like MT4, MT5, cTrade, and TradingView. Broker’s operations are monitored and regulated by ASIC and VFSC. Retail traders will be able to enjoy low spreads, with Chinese traders being able to trade EUR/USD with a spread of 0.9 pips. Meanwhile, those who qualify as Pro traders will enjoy even lower trading costs with a EUR/USD spread of 0.6 pips.
- Min Deposit$100Trading InstrumentsCrypto, Indices, Commodities, Stocks, Options, ETFsRegulatorsFSA (No.4.1-1/18), FCA (No. FRN 509909), CySEC (No.250/14), FMA (No.47546), SFSA (No. SD039), MAS (No. CMS100648), DFSA (No. F005651), ASIC (No. 417727)Trading PlatformsProprietary desktop and mobile platformsSpread0.8 pipsLeverage1:30Deposit MethodsMastercard, Visa, Skrill, PayPal, Bank Transfer, Apple Pay, BPAYWithdrawal MethodsPayPal, Bank Transfer, Visa, Mastercard, Skrill80% of retail investor accounts lose money
Broker licensed by FSA, FCA, CySEC, FMA, SFSA, MAS, DFSA, and ASIC. Accepts clients from China and supports Chinese as one of the platform’s many languages. AvaTrade’s pricing model features all trading costs into the spread charged on trades. For instance, when trading EUR/USD, Chinese traders will only pay a spread of about 1.3 pips on average. No commission will be applied to your trades. All tradable instruments will be available on Plus500’s proprietary trading platform. The Hong Kong 50 index is among the tradable instruments at Plus500. Leverage offered on major pairs may reach up to 1:300.
- Min Deposit$100Trading InstrumentsForex, Major stock indices, Cryptocurrencies, Commodities, Bonds, Individual Shares, ETFsRegulatorsFFAJ (License No.1574),CySEC (No. 347/17) ISA (No. 514666577), IIROC, ADGM / FSRA (No.190018), CBI (No.C53877), BVIFSC (No. SIBA/L/13/1049), FSCA(No.45984), ASIC(No.406684)Trading PlatformsMetaTrader4, MetaTrader5, WebTrader, AvaTadeGO, AvaSocialSpreadFrom 0.9 pips (retail), 0.6 pips (pro)Leverage1:30Deposit MethodsVisa, Mastercard, Skrill, WebMoney, Neteller, bank wireWithdrawal MethodsVisa, Mastercard, Skrill, WebMoney, Neteller, bank wire76% of retail investor accounts lose money
Trading is conducted under regulations imposed by ASIC, FFAJ, CySEC, ISA, IIROC, ADGM / FSRA, CBI, BVIFSC, and FSCA. Custom support is available in Chinese. Chinese traders can choose to trade currency pairs either as CFD products or via the Vanilla options available at AvaTrade. The broker does not charge commissions on forex trades or any other CFD assets for that matter. Retail traders will be able to trade the EUR/USD pair with a spread of 0.9 pips, while those who qualify as Pro traders will pay a reduced spread on EUR/USD spread of 0.6 pips.
- Min Deposit$0Trading InstrumentsForex, Cryptocurrencies, Indices, Commodities, BondsRegulatorsASIC (No. 385620), VFSC (No. 40256)Trading PlatformsMT4 Desktop, MT4 Webtrader, MT4 AndroidSpread0.9 pips Standard, 0.0 pips RawLeverage1:500Deposit MethodsVisa, Mastercard, PayPal, Skrill, Neteller, Gate8, Dragonpay, Fasapay, VNPay, Pagsmile, BPay, POLi, AstroPay, Bank Transfer, Interac, Perfect Money, PayID, Jeton, MiFinity, XPay, CryptoWithdrawal Methods
Mastercard, Visa, Local Bank Transfer, Bank Wire Transfer, Skrill, Neteller, AstroPay, PayPal, Dragonpay, Perfect Money, Jeton, Interac, Cryptocurrencies
74-89% of retail CFD accounts lose moneySimple registration process allows Chinese traders to open Standard or Raw accounts. The broker operates thanks to licenses issued by ASIC and VFSC. Tradable products are available on MT4 and include Forex, Indices, Commodities, Crypto CFDs, and Bonds CFDs. Raw spreads start from 0.0 pips, with $3.5 commission per side charged on trades. Standard spreads have added 0.9 mark-up to the Raw spread value.
- Min Deposit$100Trading InstrumentsForex CFDs, Commodity CFDs, Shares CFD's, Index CFDs, Crypto CFD'sRegulatorsSCB (No. SIA-F220), ASIC (No.391441), CySEC (No. 246/14), FCA (No. 921296)Trading PlatformsMT4, MT5, WebTrader, TradingViewSpread0.1 pips on Standard and TradingView Accounts; 0.0 pips Raw AccountsLeverage1:30Deposit MethodsVisa, PayPal, Mastercard, Wire Transfer, Neteller, Skrill, Tether, Bitcoin, BPAY, Dragonpay, Fasapay, Interac, PixWithdrawal MethodsMastercard, Visa, PayPal, Skrill, Neteller, Bitcoin, Tether, Wire Transfers, BPAY, Fasapay, Pix, Interac76.09% of retail investor accounts lose money
Accepts traders residing in China, with one of the supported languages on Eightcap’s website being Chinese. Allows trading of forex pairs and CFDs on indices, shares, commodities, and crypto through platforms like MT4, MT5, and WebTrader. The broker offers trading services under licenses issued from SCB (Bahamas), ASIC, FCA, and FSA (Seychelles). Raw account holders will have spreads as low as 0.0 pips on major pairs like EUR/USD. The commission of $7 round trip will be charged on every lot traded with a Raw Account. Standard Account holders will pay no commissions but will pay slightly higher spreads, starting at 1 pip on EUR/USD trades.
- Min Deposit$50Trading InstrumentsCFDs on Indices, Forex, Shares, Crypto, Futures, Commodities, Options, Interest Rates, Sectors, Bonds, Knock-out tradingRegulatorsASIC, FCA, DFSA, CFTC, FMA, FINMA, BaFin, MAS, JFSA, FSCA, BMA (Bermuda)Trading PlatformsMT4, L2 Dealer, ProRealTime, IG proprietary softwareSpread0.6 pips CFD trading; 0.165 pips DMA tradingLeverage1:30Deposit MethodsVisa, Mastercard, Bank Transfer, Wire Transfer, Visa Electron, Discover, PayPalWithdrawal MethodsVisa, Visa Electron, Mastercard, Discover, Bank Transfer70% of retail client accounts lose money
Smooth trading experience for forex traders from China, with broker’s website easily accessible in Chinese. Forex, Commodities, Crypto, Shares, and other markets are available through platforms like MT4, ProRealTime, and TradingView. DMA trading is also available to Chinese forex traders. Regulators overseeing IG’s operations include ASIC, FCA, DFSA, CFTC, FMA, FINMA, BaFin, MAS, JFSA, FSCA, BMA (Bermuda). Traders can enjoy commission-free forex trades, with spreads on major pairs like EUR/USD starting at 0.6 pips, while the average ranges around 1.04 pips.
- Min Deposit$0Trading InstrumentsRegulatorsCFTC, CIRO, FCA, CBI, Central Bank of Hungary, ASIC, SFC (Hong Kong), SEBI, JSDA, MASTrading PlatformsIBKR Desktop, IBKR Trader Workstation, IBKR Mobile, IBKR GlobalTraderSpreadFrom 0.1 pipLeverage1:20Deposit MethodsBank Wire, Check (USA only)Withdrawal MethodsBank Wire
Smooth trading is possible through the broker’s website fully available in Chinese. Top-notch forex and CFD trading is possible thanks to regulators like SFC (Hong Kong), CFTC, CIRO, ASIC, FCA, CBI, and other top-tier authorities. Trading instruments are available on Interactive Brokers’ dedicated platforms for web, desktop, and mobile trading. Offers access to interbank currency quotes. Charges no hidden fees. Spot currency commissions vary between Low 0.08 and 0.20 bps times the size of the trade.
- Min Deposit$100 ($1 for Invest MT5 Account)Trading InstrumentsCFDs on Forex, Indices, Stocks, Commodities, Bonds, ETFs, CryptocurrenciesRegulatorsCySEC (No. 201/13), ASIC (No. 410681), FCA (No. 595450), JSC (No. 57026), FSCA (No. FSP51311)Trading PlatformsMT4, MT5, WebTrader, MT Supreme Edition, StereoTraderSpreadFrom 0.0 pips (Invest and Zero Accounts), 0.5 pips (Trade Accounts)Leverage1:30Deposit MethodsVisa, Mastercard, Skrill, Klarna, Bank Transfer, PayPal, Neteller, iDeal, POLi, Perfect Money, CryptocurrenciesWithdrawal MethodsBank transfer, Visa, Mastercard, PayPal, Neteller, Skrill, Perfect Money73% of retail investor accounts lose money
Chinese traders have access to more than 4,000 CFD instruments available to trade at Admirals. Regulators like CySEC, ASIC, FCA, JSC, and FSCA oversee operations of the broker. Chinese traders can resort to platforms like MT4 and MT5 for their trading sessions. Pricing is very competitive, with spreads for Zero account holders starting at 0.0 pips, with a commission of only $3 per side charged on every lot. Meanwhile, the Standard Account will apply no commission on your trades while spreads will typically start from 0.5 pips.
- Min Deposit$5Trading InstrumentsForex, Stocks, Indices, Commodities, Thematic IndicesRegulatorsFCA (ref. no. 705428), (ASIC) (ref. No. 443670), FSC (license no. 000261/397), DFSA (ref. no. F003484), CySEC (license no. 120/10), MiFID, CFTCTrading PlatformsMetaTrader 4 and 5, MetaTrader 4 and 5 on mobile, MT4 WebTrader, MT5 WebTrader, MT$ MultiterminalSpreadFrom 0.0 pips (Zero Account), 0.6 pips (Standard and Micro Accounts)Leverage1:30Deposit MethodsVisa, Mastercard. Skrill, Bank Transfer, Neteller, Apple Pay, Google Pay, UnionPay, MaestroWithdrawal MethodsVisa, Mastercard, China Union Pay, Skrill, Neteller, Bank Transfer72.82% of retail investor accounts lose money
Easy registration process for Chinese traders who can opt for a Standard, Ultra Low, or Shares account. Instruments like Forex, Commodities, Precious Metals, Turbo Stocks, and more are available on platforms like MT4, MT5, and the XM app. The broker is authorized to operate in different regions thanks to licenses from CySEC, BaFin, CNMV, MNB, CONSOB, FIN – FSA, KNF, ACPR, FSA (Sweden), and AFM. For a smoother experience, the broker’s website is available in Chinese. As for the cost of trading, XM is fair and transparent, charging no commission on your trades. The spread on major currency pairs like the EUR/USD starts at 1.6 pips on the Standard Account and 0.8 pips on the Ultra Low Account.
- Min Deposit$0Trading InstrumentsForex, Stocks, IPOs, Indices, Commodities, CryptocurrenciesRegulatorsASIC, FCA, CySEC, DFSA, FSA (Saint Vincent and the Grenadines)Trading PlatformsMT4 Desktop, MT4 WebTrader, Axi MobileSpreadFrom 0.0 pips (Elite and Pro Accounts), 0.9 pips (Standard Account)Leverage1:30Deposit MethodsVisa, Mastercard, Bank Transfer, Neteller, Skrill, AstroPay, Fasapay, Przelewy24, Boleto, Pix, Bitcoin, Ethereum, Ripple, Litecoin, Tether, StellarWithdrawal MethodsMastercard, Visa, Bank Transfer, Przelewy24, Fasapay, Skrill, AstroPay, Pix, Boleto, Neteller, Bitcoin, Ripple, Ethereum, Litecoin, Tether, StellarThe vast majority of retail client accounts lose money
Chinese traders are allowed to join Axi and start trading markets like Forex, Shares, Indices, Commodities, Crypto, and more. The broker has a proprietary platform available for desktop and mobile trading. Additionally, Chinese traders can also use MT4 as well as WebTrader for MT4 for their trading sessions with Axi. Operations of the broker are regulated by top-tier authorities like CySEC, ASIC, and FCA. The cost of trading at Axi is significantly reduced thanks to lower spreads, with a major pair like EUR/USD having an average spread of 1.2 pips on the Standard Account of the broker and 0.2 pips on the Pro account. As for the commission charged per trade, Standard traders will pay no such surcharge while Pro traders will have a $7 round-trip commission applied to every lot that has been traded.
Forex Brokers in China Compared by Spread
| Broker | EUR/USD | USD/JPY | GBP/USD | USD/CHF | AUD/USD | EUR/GBP | USD/CAD |
|---|---|---|---|---|---|---|---|
| 1. Fusion Markets | 0.07 | 0.13 | 1.01 | 0.37 | 0.90 | 0.23 | 0.14 |
| 2. Interactive Brokers | 0.1 | 0.5 | 0.4 | 0.5 | 0.3 | 0.3 | 0.4 |
| 3. Admirals | 0.1 | 10 | 1.00 | 1.2 | 0.4 | 0.00003 | 1.1 |
| 4. Global Prime | 0.13 | 0.28 | 1.11 | 0.34 | 0.07 | 0.28 | 0.26 |
| 5. XM Group | 0.8 | 0.9 | 0.9 | 2.1 | 0.75 | 1.5 | 2.4 |
| 6. IG | 0.85 | 0.9 | 1.40 | 1.95 | 1.01 | 0.9 | 2.1 |
| 7. AvaTrade | 0.9 | 1.3 | 1.3 | 1.3 | 1.1 | 1.2 | 1.8 |
| 8. Eightcap | 1.00 (min) | 1.1 | 1 | 1.4 | 1.2 | 1 | 1.2 |
| 9. Plus500 | 1.2 | 1.5 | 1.5 | 1.7 | 1.3 | 1.5 | 2 |
| 10. Axi | 1.2 | 1.4 | 1.2 | 1.5 | 1.3 | 1.1 | 1.4 |
Account Types and Commissions
| Broker | Min Deposit | Account Types | Commission per Lot | Trustpilot Rating |
|---|---|---|---|---|
| 1. Fusion Markets | $0 | Zero, Classic, Islamic, Demo, Professional | $0 Classic Account, $4.50 round turn on Zero Account | 4.9 |
| 2. AvaTrade | $100 | Retail, Professional, Islamic, MAM | $0 | 4.5 |
| 3. Global Prime | $0 | Standard, Raw, Demo, Professional, Islamic | $0 Standard Accounts; $7 round turn on Raw Accounts | 4.4 |
| 4. Eightcap | $100 | Standard, Raw, TradingView Account | $0 on Standard and TradingView Accounts; $7 round turn on Raw Accounts | 4.2 |
| 5. Plus500 | $100 | Demo Account; CFD Account; Invest Account, Pro Account, Islamic Account | $0 | 4.1 |
| 6. Axi | $0 | Standard, Elite, Professional, Demo, Islamic | $0 on Standard Account; $7 round trip on Pro Account | 4.0 |
| 7. Admirals | $100 ($1 for Invest MT5 Account) | Trade (Standard), Invest (MT5), Zero | $3 per lot | 3.8 |
| 8. IG | $50 | Spread Betting Account, CFD Trading Account, Limited Risk Account, Islamic, Professional, Demo, Options and Share Dealing Accounts* | $0 | 3.6 |
| 9. Interactive Brokers | $0 | IBKR Lite, IBKR Pro | From 0.08 to 0.20 bps x trade size | 3.5 |
| 10. XM Group | $5 | Ultra Low Micro, Ultra Low Standard, XM Zero | $0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account | 2.2 |
With over 1.4 billion residents, the People’s Republic of China easily wins the race for the world’s most populous country. Governed by the Communist Party of China, this single-party state generated a nominal gross domestic product of $13.4 trillion in 2018.
China has risen to the status of an economic powerhouse in recent years due to various factors, including its high literacy rates (over 96% in 2018), high life expectancy, vast workforce, and thriving economy. The country also ranks as the world’s biggest manufacturer and exporter of goods.
Considering these conditions, it is not surprising that an increasing number of foreign exchange brokerages turn their eyes to China, trying to attract the interest of local traders by offering them websites available in both English and Chinese alongside various convenient funding methods.
China Forex Legislation
Penetrating the Chinese Forex market has not always been easy for foreign brokerages due to the unique business environment and regulations in the country. Trading foreign currencies against each other is legal here but is hindered by the closed-capital policy China maintains.
This prevents the free flow of money from and into the country unless it is conducted under stringent rules. The two main regulatory bodies responsible for the oversight of the Forex market in China are the State Administration of Foreign Exchange and the central banking institution in the country, the People’s Bank of China (PBOC).
Non-domestic brokerages can penetrate the local Forex market by partnering with local foreign-exchange companies, which assume the role of introductory brokers, enabling foreign firms to build a network of trusty customers.
However, foreign brokerages must be structured in a certain way before they can approach a Chinese introductory broker (IB) as this would enable the country’s government to adequately oversee their activities.
Foreign companies regulated by respected financial watchdogs like the UK Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC) are safe from revocation by the local authorities provided that they have established China-owned offices within the mainland part of the country.
Most well-respected brokerages that have set up offices in mainland China have done so either through partnerships with fully Chinese-owned companies or through direct ownership. This allows foreign Forex brokers to run their business on Chinese infrastructure, in turn enabling the local government to keep a close watch on all of their activities through internet surveillance.
Thanks to these requirements, the Chinese government can track the brokerages’ order flow, the way they execute the trades, and where funds are being stored. All activities, from depositing and market execution to withdrawals and customer-support interactions, are strictly monitored by the Chinese authorities.
Companies without a physical presence in the country and little-to-no infrastructure in mainland China are likely to face the boot. They risk having their websites blocked because it is not possible for the government to adequately monitor them and determine whether they service Chinese customers properly or not. By the end of 2018, local authorities had given the boot to over 600 unauthorized margin-trading platforms because of complaints from losing investors.
Very importantly, retail customers from the country are permitted to trade Forex currencies but there are restrictions on how much they can buy annually. Margin trading is officially prohibited in China.
This method enables one to trade with money provided by third parties, giving them access to larger amounts of capital through leverage. For example, if a person wants to open a $100,000 position with leverage of 10:1, they would need to provide $10,000 of their own funds. In turn, this can greatly amplify both the profits and losses the traders realize.
China Financial Regulators
All entities operating in the country must obtain proper licenses from China’s regulatory bodies before they can engage in any financial activities. The State Administration of Foreign Exchange (SAFE) is responsible for the oversight and regulation of the Forex market in the country.
Along with the People’s Bank of China (PBOC), SAFE oversees the foreign-exchange flow to and from China. The two entities are also responsible for setting exchange rates through a managed float regime.
SAFE, in particular, assumes a variety of other functions apart from drafting laws and regulating the Forex markets in China. The entity also regulates cryptocurrencies and monitors the balance of payments and external debt.
Companies operating on local soil, foreign exchange brokerages included, are expected to report all overseas payments within the designated timeframes, or else they will not be permitted to arrange such transactions.
Between 1994 and 2008, trading with margin was allowed in the country as long as the brokers had authorization from the respective Chinese regulatory authorities. Subsequently, the situation changed in 2008 when direct or indirect margin trading became illegal under Chinese law.
Those who violate this condition face various administrative and criminal penalties under the Administrative Regulations on Forex Exchange. Some of the sanctions imposed on violators include formal warnings, fines, confiscation of illegal proceeds, and conviction for conducting illicit business operations.
China Forex Payment Methods
China-friendly Forex brokerages generally offer high-standard services and competitive prices to Chinese customers. Traders from the country commonly prefer to fund their live accounts with China UnionPay, a very popular payment method among Chinese residents.
China UnionPay is the biggest issuer of debit and credit cards in the world, surpassing even established brands like Visa and Mastercard in this respect. Fully approved by the People’s Bank of China (PBOC), its cards are accepted by some of the largest international banks on a global scale.
Additionally, China UnionPay boasts an interbank network that connects all Automatic Teller Machines (ATMs) and banking institutions across mainland China. Payments conducted with China UnionPay are fast, efficient, and reliable, which is why many traders from the country choose it when funding their Forex accounts.
It also offers support across all devices and allows for payments in almost all currencies. Another advantage of this local method results from the fact Chinese traders can deposit and withdraw without paying any extra charges for currency conversion.
Some Forex brokers that service clientele from the Middle Kingdom also support the locally available Alipay solution. This third-party platform allows Chinese traders to conduct mobile and online payments. It was established at the beginning of 2004 by the Alibaba Group. As of March 2018, Alipay facilitated payments from more than 850 million users, surpassing even PayPal in terms of mobile-payment volume.
Alipay payments normally require traders to scan a QR code with their mobile phones’ cameras and then confirm the money transfer. The method poses as a very convenient and time-efficient way to fund one’s Forex trading account but is usually unavailable for withdrawals, which is something to keep in mind.
Another local method accepted by some China-friendly brokerages is WeChat Pay, which services more than 650 million active users each month. WeChat Pay is primarily recommended to those who prefer to trade on the fly because its main focus falls on mobile payments. It is convenient, easy to use, fast, and reliable.
Perfect Money is another suitable alternative for Chinese residents who want to quickly top up their live accounts. It is available in a variety of other countries as well including the Philippines, Singapore, India, Indonesia, Malaysia, Thailand, Mexico, and Austria.
This financial service was established in Switzerland but is presently based in Hong Kong. Before they can use it, Chinese traders must set up a Perfect Money account and then fund it, via their online banking accounts, cards, or standard bank wire transfers. The method is relatively easy to use and quite cost-effective.
Popular Trading Software in China
When it comes to software, many Chinese traders lean toward brokerages that offer them a choice from multiple platforms. Some brokers develop proprietary trading platforms with a unique design and features and offer them in parallel with the third-party software developed by the Russian company MetaQuotes.
One popular option is the MetaTrader 4 platform, which is freely available for download, either from its developers’ official website or from the majority of the China-friendly brokerages. This is undoubtedly the most broadly implemented platform in the world when it comes to trading on the foreign exchange markets.
MetaTrader 4 is very user-friendly and easy to implement if you are a Forex beginner. At the same time, the platform appeals to veteran traders because it features various useful tools for technical analysis, including numerous technical indicators and graphical objects. Traders will also benefit from nine different timeframes and the availability of thirty or so languages.
With that said, it is also important to mention that MetaQuotes announced in January 2018 that it is to cease issuing licenses for MetaTrader 4 to new brokerages. The company also stated in its official announcement that it will no longer provide technical updates and support for this platform. Nevertheless, this is no reason for concern for Chinese traders who have joined an established broker as they should be able to continue using the software.
The other alternative is the more advanced and newer MetaTrader 5 platform, which comes with several improvements. There is a greater choice of timeframes here while the architecture of the platform is far more reliable.
MetaTrader 5 is equipped with numerous add-ons that would be of great benefit to experienced traders. For example, indicators can be added to the customizable charts, enabling traders to interpret price action. Nevertheless, many retail customers still lean toward MetaTrader 4 and prefer it over its successor.
Mobile Trading in China
China is home to one of the largest tech markets on a global scale, especially where mobile devices are concerned. Statistics show there were roughly 713 million smartphone users in the country as of 2018 but this number is projected to increase to 868 million by 2023.
It makes sense for China-friendly brokers to give customers from the world’s most populous nation the option to manage their accounts and execute trades on the fly. This usually happens via free native applications available for Android and iOS although in-browser access to the brokerages is also a possibility.
The apps of established brokers ensure a full-feature trading experience on the go which closely mimics that on desktop devices. Chinese traders can remain on top of the price action, keeping a close eye on the latest market movements in real time.
Most apps typically enable users to create customer watchlists with the markets they are most interested in. Of course, the exact features would differ between brokers but mobile traders normally benefit from advanced drawing tools, different technical indicators, numerous timeframes, and a variety of chart types.
Reputable China-friendly brokerages strive to deliver optimal performance on mobile in all aspects, from trade execution to account management, deposits, withdrawals, and customer support. In many cases, the apps support standard Mandarin, making it hassle-free for Chinese customers who are not fluent in English to easily manage their accounts and orders.