Forex Brokers in China

Richard Montana | November 24, 2022

Forex trading in China is popular amongst residents who are looking to buy and sell currencies to speculate on the fluctuating currency market prices. Whilst international forex brokers can accept traders in China as clients, forex brokers in China are required to become authorised by the State Administration of Foreign Exchange (SAFE). The State Administration of Foreign Exchange (SAFE) is the national regulatory agency that oversees activities in China’s foreign exchange market.  SAFE functions as an official state-run bureau and forms part of the country’s central bank.

Best forex brokers China

To find the best forex brokers in China, we created a list of all the forex brokers that accept clients in China and then ranked them based on our overall rating. You can see our list of our top forex brokers for China below.

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA

$100

2006

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
2.

ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA

$250

1974

1:200

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
3.

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$200

2010

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
4.

ASIC, CySEC, DFSA, IFSC

$5

2009

1:888

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
5.

ASIC, CySEC, FSA, SCB

$200

2007

1:500

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

SAFE forex brokers in China

Chinese nationals can legally trade Forex despite the stricter stance their government has adopted. Retail customers can trade currency pairs, stocks, and other financial instruments although there are limits on the amounts one can buy annually.

Although China does not issue licenses to forex brokers, and leveraged services are deemed illegal, there are plenty of offshore regulated brokers that you can trade with. In general, the Chinese Ministry of Public Security and the State Administration of Foreign Exchange (SAFE) allows forex brokers which are regulated by respected global authorities, such as the FCA, ASIC and CySEC, to offer their services to Chinese clients.

These brokers must include the use of the Chinese language in their platforms; they must also provide the necessary local payment options and customer support for Chinese traders.

In 2021, China’s State Administration of Foreign Exchange (SAFE) issued the “Guidelines on Foreign Exchange Trading Conduct”. The Guidelines applies to the interbank market as well as the client market, and all the parties engaged in the foreign exchange market, including institutions engaged in foreign exchange transactions, China Foreign Exchange Trade System, Shanghai Clearing House, currency brokers, etc.

How to verify SAFE regulated brokers in China

The demand for the low-key Chinese retail Forex Trading market is so huge that it prompted many established international brokerage brands to expand their operations in mainland China.

Since forex trading is getting more popular in China, many international forex brokers are trying to attract Chinese traders with a dedicated website translated into Chinese and more accessible funding methods. This creates a great opportunity for Chinese traders who can now use some of the leading forex brokers in the world and benefit from top class forex trading conditions.

You can find an authorised broker’s license number from the disclosure text at the bottom of their homepage. You can then look up the authorisation number on the regulator website to confirm if the forex broker is regulated in China to provide online forex trading products and services.

Some China forex brokers are regulated in more than one jurisdiction so that they can offer a different range of trading accounts and conditions depending on the location of the trader and regulated entity that they choose to open a forex trading account with.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.


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