7 Best Forex Brokers For China

Top Picks (Quick Summary)

• FXGlory, Best Overall: (Ultra-high leverage mixed with fixed and floating spreads from 0.1 pips and $1 entry level) Best for beginners who want to enter the forex market with only $1 while still having access to leverage of up to 1:3000. The low deposit requirement makes FXGlory easy to test with a small account before committing more trading capital.
• Pepperstone, Best for Active Trading and Platform Choice. It offers a strong mix of regulation, fast execution from 50 milliseconds, a 99.32% fill rate, MT4, MT5, cTrader, TradingView, and raw spreads from 0.0 pips on the Razor account.
• FP Markets, Best for Platform Choice and Balanced Pricing: Traders can use MT4, MT5, cTrader, or TradingView with a $100 minimum deposit and a Raw account commission of $3 per standard lot per side.
• XM, Best for Beginners: The $5 minimum deposit, Standard and Ultra Low accounts, negative balance protection, simple MT4 and MT5 setup, and broad learning material make the first steps easier.
• IC Markets: Best for Scalpers and Expert Advisors. The Raw Spread account starts from 0.0 pips, costs $3.50 per standard lot per side, and uses New York trading servers designed for active trading.
• AvaTrade: Best for Easy Platforms and Risk-management Tools. Its WebTrader, AvaTrade App, MT4, MT5, AvaOptions, and AvaProtect features suit traders who prefer a guided interface.
• HFM: Best for Flexible Account Types. Premium and Cent accounts have a $0 minimum deposit, while the Zero account offers raw pricing with commissions from $3 per lot.

Comparison Table of Top Forex Brokers

Key Costs & Pricing Snapshot

FXGlory offers fixed and floating spreads from 0.1 pips. The other brokers mainly use floating spreads that change with liquidity and market volatility.

Pepperstone, FP Markets, IC Markets, and HFM offer raw spread accounts starting from 0.0 pips. XM uses variable spread-only pricing on its Standard and Ultra Low accounts, while AvaTrade includes its trading charge in the spread.

FP Markets charges $3 per standard lot per side on its Raw account for USD accounts. Pepperstone and IC Markets charge from $3.50 per standard lot per side on their MetaTrader Raw accounts. HFM charges from $3 per lot on the Zero account. XM, AvaTrade, and FXGlory charge no separate forex commission on the main accounts covered in this review.

IC Markets lists a $0 minimum deposit. HFM Premium and Cent accounts also start from $0. FXGlory starts from $1 on its Standard MT4 account, XM starts from $5, Pepperstone starts from $10 for most payment methods, and FP Markets and AvaTrade each start from $100.

XM Global charges $5 per month after 90 days of inactivity when funds remain in the account. AvaTrade charges $50 after 3 months of non-use and adds a $100 administration fee after 12 months. HFM starts with a $5 monthly fee after 6 months and raises the charge after longer inactive periods. FP Markets inactivity terms depend on the legal entity, with one entity listing $10 per month after 90 days.

FXGlory, Pepperstone, and IC Markets do not charge an inactivity fee. 

Why These Forex Brokers Made the List for Chinese Traders

• Regulation and safety: These brokers operate through regulated group entities and have been present in the market for many years.
• Trading costs: Each broker offers at least one spread-based account, while Pepperstone, FP Markets, IC Markets, and HFM also provide raw spread pricing. FXGlory stands out for commission-free and swap-free accounts with a fixed spread. 
• Platform access: All seven brokers support web or mobile trading, and most offer MT4 or MT5.
• Funding and support: Bank cards and transfers are widely available, while local payment methods depend on the account entity and region.

Best Forex Brokers for China: Detailed Reviews

FXGlory: Best for Low Deposit, High Leverage, and Flexible Account Types

Overview

FXGlory offers six account types with fixed or floating spreads. It suits traders who want a low starting deposit, high leverage, and a choice between swap-free, commission-free, and ECN pricing.

Key facts

• Founded in 2011
• Six account types
• Minimum deposit from $1
• Leverage up to 1:3000
• Spreads from 0.1 pips
• Commission-free Standard, Premium, and VIP accounts
• Swap-free Standard, Premium, and VIP accounts
• 50% deposit bonus
• 24/7 support

Pros

• Very low starting deposit
• Fixed and floating spread options
• Ultra-high maximum leverage
• Commission-free account options
• Swap-free account options
• 50% deposit bonus
• MT4, MT5, and GloryTrader
• 24/7 customer support

Cons

• Methods of depositing are limited

Best for: Traders who want an experienced forex broker offering a very low minimum deposit and fixed spreads. 

Pepperstone: Best for Algorithmic Traders and Copy Traders 

Overview

Pepperstone is built for active, automated, and copy trading. Its platform range, raw pricing, and execution quality suit traders who need flexible tools and clear trading costs.

Key facts

• Founded in 2010
• Minimum deposit is $10 for most methods, with no bank wire minimum under some entities
• Razor forex spreads start from 0.0 pips
• Razor commission starts at $3.50 per standard lot per side on MT4 and MT5
• Standard forex commission is $0
• No inactivity fee

Pros

• Strong group regulation across several established jurisdictions
• Segregated retail client funds
• Excellent choice of professional trading platforms
• No inactivity fee

Cons

• Maximum leverage and negative balance protection change by entity
• Raw pricing requires a separate commission calculation
• International bank withdrawal charges can apply

Best for: Traders who want safety, execution, platform choice, and transparent trading costs

FP Markets: Best for Platform Choice and Balanced Pricing

Overview

FP Markets combines broad market access with strong platform choice. It suits intermediate traders who want both spread-only and raw pricing across several trading platforms.

Key facts

• Founded in 2005
• $100 minimum deposit
• Standard spreads from 1.0 pips with $0 commission
• Maximum leverage up to 1:500
• 24/7 multilingual support
• MT4, MT5, cTrader, and TradingView

Pros

• Long operating history
• Strong platform selection
• Competitive Raw account commission
• Segregated client accounts

Cons

• Protection differs sharply between the CySEC, ASIC, and offshore entities
• The $100 minimum is higher than XM, HFM, IC Markets, Pepperstone, and FXGlory
• Inactivity fees are entity-specific

Best for: Intermediate traders who want raw pricing, four major platforms, and a wide multi-asset product range

XM: Best for Beginners

Overview

XM keeps account opening, pricing, and platform choice simple. Its MetaTrader setup and educational support make it suitable for beginners moving from demo trading to a live account.

Key facts

• Founded in 2009
• $5 minimum deposit for Standard and Ultra Low accounts
• Maximum leverage up to 1:1000
• $0 forex commission on Standard and Ultra Low accounts
• MT4, MT5, XM App, and copy-trading features
• 24/5 forex trading and customer support

Pros

• Low $5 minimum deposit
• Simple commission-free account structure
• Good educational material for new traders
• Wide selection of markets beyond forex
• Demo account available

Cons

• No cTrader or direct TradingView account connection
• A $5 monthly dormant fee begins after 90 days under XM Global terms
• Maximum leverage reduces as account equity rises
• Investor compensation depends on the entity and is not automatic for XM Global clients

Best for: Beginners who want a small minimum deposit, simple spread-based pricing, MT4 or MT5, and structured learning resources

IC Markets: Best for Scalpers and Expert Advisors

Overview

IC Markets focuses on scalping, automated trading, and expert advisors. Its low-latency infrastructure and platform range suit traders who rely on fast execution and algorithmic strategies.

Key facts

• Founded in 2007
• $0 minimum deposit on current global account types
• cTrader commission is $3 per $100,000 per side
• Standard account commission is $0
• Dynamic leverage up to 1:5000 on eligible MetaTrader accounts
• 24/7 support

Pros

• Raw spreads from 0.0 pips
• Purpose-built conditions for scalpers and expert advisors
• MT4, MT5, cTrader, and TradingView access
• No minimum deposit on the current global account page
• No inactivity fee
• Broad payment method selection, including UnionPay where available

Cons

• The global account is regulated offshore in the Seychelles
• Raw pricing is less simple for a new trader than spread-only pricing

Best for: Experienced scalpers, algorithmic traders, and expert advisor users

AvaTrade: Best for Easy Platforms and Risk-Management Tools

Overview

AvaTrade focuses on easy-to-use platforms and built-in risk tools. It suits beginners and discretionary traders who prefer guided web, mobile, copy-trading, and options features.

Key facts

• Founded in 2006
• $100 minimum deposit
• Maximum leverage up to 1:400 under eligible international terms
• $0 commission on forex and CFDs
• $50 inactivity fee after 3 months
• $100 administration fee after 12 months of non-use
• More than 1,250 assets listed on current account material

Pros

• Extensive group regulation
• Beginner-friendly proprietary platforms
• AvaProtect risk-management feature
• Strong education and multilingual support

Cons

• High inactivity charges compared with the other brokers
• No cTrader account
• Spread-only pricing can be less competitive for high-volume scalping
• Maximum leverage and compensation depend on the account entity

Best for: Beginners and cautious discretionary traders who value a clear web platform, mobile app, options access, and built-in risk tools

HFM: Best for Flexible Account Types

Overview

HF Markets offers account structures for different deposit sizes and pricing preferences. The Premium and Cent accounts have a $0 minimum deposit and no forex commission. The Zero account requires $25 and uses raw spreads with commission from $3 per lot. Eligible accounts offer leverage up to 1:2000.

The Cent account is useful for learning position sizing because balances and trade sizes are shown in cents.  HFM supports MT5, WebTrader, its own platform, and mobile trading.

Key facts

• Founded in 2010
• $0 minimum deposit on Premium and Cent accounts
• $25 minimum deposit on the Zero account
• Leverage up to 1:2000 on eligible accounts
• Zero account commission from $3 per lot
• More than 500 tradable instruments

Pros

• Several account types for beginners and active traders
• $0 minimum deposit on Premium and Cent accounts
• Raw spread option with commission from $3 per lot
• Segregated client funds and negative balance policy
• Broad market selection

Cons

• The inactivity fee rises as the dormant period becomes longer
• Maximum leverage of 1:2000 is excessive for most beginners

Best for: Traders who want a choice between Cent, spread-only, and raw spread accounts without a large starting deposit

How These Brokers Help Chinese Traders in Practice

These brokers help Chinese traders compare the features that matter most when opening and using a live account. Beginners can start with low minimum deposits from FXGlory, XM, IC Markets, and HFM, while fixed-spread pricing from FXGlory makes costs easier to plan. Pepperstone, FP Markets, and IC Markets provide raw spread accounts for active trading, along with MT4, MT5, cTrader, or TradingView. AvaTrade offers simple proprietary platforms and built-in risk tools. The comparison also highlights inactivity fees, commissions, funding methods, leverage, and support hours, helping traders choose a broker that matches their budget, platform preference, and trading frequency.

Who Should Choose Which Option?

Choose FXGlory for a $1 starting deposit, fixed and floating spreads, and leverage up to 1:3000.

Choose Pepperstone for raw pricing, fast execution, and a wide choice of trading platforms.

Choose FP Markets for MT4, MT5, cTrader, TradingView, and broad market access.

Choose XM for a $5 minimum deposit, MetaTrader access, and beginner-friendly education.

Choose IC Markets for raw spreads, automated trading, scalping, and no inactivity fee.

Choose AvaTrade for simple trading apps, copy trading, options tools, and built-in risk features.

Choose HFM for multiple account types, a $0 minimum deposit on selected accounts, and raw spread pricing.

How to Choose the Right Forex Broker

Check the legal entity, regulator, licence number, and client agreement before opening an account.

Compare the full trading cost, including spreads, commission, swaps, slippage, and currency conversion.

Review client fund protection, negative balance rules, and any compensation scheme linked to the account entity.

Choose a platform that fits the strategy, whether that is MT4, MT5, cTrader, TradingView, or a proprietary app.

Test support and withdrawals with a small deposit, and use less leverage than the maximum offered.
 

Final Verdict

FXGlory ranks first for its $1 minimum deposit, fixed spreads, 24/7 support, and long operating history. Pepperstone follows with strong regulation, segregated client funds, broad platform access, and tools for algorithmic and copy trading. FP Markets suits traders who want competitive Raw pricing and access to MT4, MT5, cTrader, and TradingView. XM remains the strongest beginner option because of its low deposit and simple account structure, while IC Markets is better suited to scalpers and expert advisor users. AvaTrade stands out for proprietary platforms and risk-management tools, and HFM offers the most flexible account selection.

Our Review Process & Updates

Each broker is assessed under the same practical criteria: legal entity and regulation, client fund treatment, negative balance protection, minimum deposit, spread model, forex commission, inactivity fees, platform range, execution conditions, tradable markets, funding methods, withdrawal rules, and customer support.

Costs are compared at the account level rather than by using a single headline spread. Group licenses are not treated as protection for every client. The account entity, client agreement, and regional restrictions determine the final safety assessment.

The article should be updated when a licence, legal entity, minimum deposit, leverage limit, commission, inactivity fee, payment method, platform, or client protection rule changes. Broker access for mainland residents should also be checked again before each major update.