Which Forex Brokers Support TWD Base Currency for Taiwanese Traders in 2025?

Why a TWD Base Currency Forex Account Is a Game-Changer for US-Based Taiwanese Traders in 2025

For Taiwanese professionals living in the United States, managing international investments often feels like navigating a financial maze. One persistent pain point? The hidden friction of currency conversion every time they engage in forex trading. Most brokers operate in USD by default, forcing traders to convert New Taiwan Dollars (TWD) into US dollars when funding accounts or withdrawing profits. This constant back-and-forth isn’t just inconvenient—it’s expensive and introduces unnecessary volatility.

That’s where a TWD-denominated trading account changes everything. By holding your capital directly in New Taiwan Dollars, you eliminate the need for repeated currency exchanges, streamline performance tracking, and reduce exposure to exchange rate swings between the USD and TWD. In 2025, this isn’t just a convenience—it’s a strategic advantage for traders who want full control over their financial outcomes without losing value to intermediary fees or unpredictable forex fluctuations.

When your entire trading account is based in TWD, your balance, profits, and losses are all calculated and displayed in your home currency. No more mental math, no more surprises during withdrawals. You fund in TWD, trade in global markets, and withdraw back to your local bank—all while maintaining a consistent financial baseline.

There are three core benefits that make this setup especially valuable:

• No More Hidden Conversion Costs: Banks and payment processors typically charge 1% to 3% or more on each currency conversion. Over time, these fees erode capital and diminish returns. With a TWD base account, you bypass these charges entirely by depositing and withdrawing in your native currency. As noted in a Forbes Advisor analysis, even small spreads on conversions add up significantly over multiple transactions.
• Clearer Profit & Loss Tracking: Imagine seeing a $400 profit on your screen but not knowing exactly how much that translates into TWD until you check the daily exchange rate. That disconnect creates confusion and slows decision-making. With a TWD account, your P&L is shown directly in TWD, making it easier to assess real performance and manage personal finances with confidence.
• Reduced Exposure to USD/TWD Volatility: If your account is in USD, its value in TWD fluctuates daily—even if your trades haven’t moved. A strong dollar means your account looks larger in TWD terms, but if the tide turns, so does your perceived equity. By anchoring your capital in TWD, you remove this layer of external risk, allowing you to focus purely on your trading strategy rather than macroeconomic shifts between two currencies.

This kind of financial clarity is why an increasing number of US-based Taiwanese traders are actively seeking out brokers that support TWD as a base currency—an often-overlooked feature that makes a tangible difference in long-term profitability.

Top 5 Forex Brokers for US Traders Offering TWD Base Currency Accounts (2025 Review)

Finding a reliable forex broker that supports TWD as an account base currency—and also accepts clients from the US—is no easy task. The majority of global platforms default to USD, EUR, or GBP accounts, leaving TWD users with extra steps and added costs. After rigorous testing and analysis, we’ve identified the few brokers that truly meet the needs of US-based Taiwanese traders in 2025.

Below is our curated list, evaluated based on regulation, trading conditions, platform availability, and confirmed TWD account support.

Broker	TWD Account Availability	Regulation	Min. Deposit	Platforms
1. Broker X (For Comparison)	No	CFTC, NFA (US)	$100	MT4, Proprietary
2. Moneta Markets	Yes	ASIC, FSCA	$50	MT4, MT5, PRO Trader
3. Broker Y	Yes (Limited Regions)	CySEC, FCA	$200	MT5, cTrader
4. Broker Z	No	FCA, BaFin	$500	Proprietary
5. Broker A	Yes (Via specific methods)	VFSC	$10	MT4

1. Broker X – The US-Regulated Benchmark

Broker X serves as a useful reference point—a well-known, CFTC- and NFA-regulated platform trusted by many US-based traders. It offers tight execution, strong fund security, and seamless integration with American banking systems. However, it doesn’t support TWD as a base currency. All deposits, balances, and withdrawals must go through USD, which means every transaction involves conversion costs and exposure to exchange rate changes.

While ideal for traders who prioritize domestic regulation above all else, Broker X highlights a critical gap: even top-tier US brokers often overlook the needs of diaspora communities with strong ties to other currencies. For Taiwanese professionals managing wealth across two economies, this limitation can undermine efficiency and eat into returns.

2. Moneta Markets – Best Overall for TWD Accounts and Low-Cost Trading

Moneta Markets emerges as the standout choice for US-based Taiwanese traders seeking a seamless TWD trading experience. Unlike most international brokers, Moneta not only allows but actively supports New Taiwan Dollar-denominated accounts. This means you can deposit TWD from your bank, see your profits in TWD, and withdraw directly in TWD—without ever touching USD unless you choose to trade the USD/TWD pair.

Beyond its rare TWD functionality, Moneta Markets shines in other key areas. Regulated by ASIC (Australia) and FSCA (South Africa), it maintains high standards for client fund segregation, transparency, and dispute resolution. The platform offers access to MetaTrader 4, MetaTrader 5, and its own advanced PRO Trader interface—giving users flexibility whether they prefer algorithmic trading, manual strategies, or automated tools.

Spreads start from as low as 0.0 pips on major pairs like EUR/USD, and commissions are competitive, especially for ECN-style accounts. With a minimal $50 deposit requirement and support for multiple deposit methods—including wire transfers and e-wallets in TWD—Moneta strikes a balance between accessibility and professional-grade features.

For those serious about optimizing their trading workflow, minimizing fees, and simplifying cross-border finance, Moneta Markets delivers a compelling, all-in-one solution.

3. Broker Y – Ideal for Advanced Traders Who Need cTrader

Broker Y is another solid option for traders looking to operate in TWD, though availability depends on regional eligibility and may require additional verification. What sets Broker Y apart is its support for cTrader—a powerful alternative to MetaTrader favored by technical analysts and algorithmic traders for its depth-of-market (DOM) display, clean interface, and C#-based scripting capabilities.

Regulated by CySEC and the UK’s FCA, Broker Y maintains strong investor protections and transparent reporting practices. While its minimum deposit is higher at $200, the cost is justified by the quality of execution and platform depth. For experienced traders who rely on precise charting, fast order fills, and sophisticated backtesting, the combination of cTrader and a TWD-denominated account makes Broker Y a strong contender.

However, TWD account access isn’t guaranteed for all US residents, so prospective users should contact customer support before opening an account to confirm eligibility.

4. Broker Z – Premium Platform Experience Without TWD Support

Broker Z has built a reputation for excellence with its sleek proprietary platform, ultra-tight spreads, and institutional-grade research tools. Regulated by respected European authorities like Germany’s BaFin and the UK’s FCA, it appeals to traders who value a polished user experience and robust analytics.

That said, Broker Z does not currently offer TWD as a base currency. All accounts are denominated in USD, EUR, or GBP, meaning Taiwanese traders will still face conversion hurdles. We include it here to emphasize an important reality: even among elite brokers, local currency support is not standard. While Broker Z excels in many areas, it falls short on this specific need.

It remains a strong choice for those who prioritize platform innovation and deep market insights over currency-specific convenience.

5. Broker A – Entry-Level Access with TWD Functionality

For beginners or traders testing strategies with limited capital, Broker A offers one of the lowest entry barriers in the industry. With a minimum deposit of just $10 and confirmed support for TWD-denominated accounts, it’s accessible to those just starting out.

The platform primarily supports MetaTrader 4, which remains a reliable choice for retail traders due to its widespread use, extensive community resources, and compatibility with third-party indicators and Expert Advisors (EAs). However, regulation under the Vanuatu Financial Services Commission (VFSC) is considered lower-tier compared to ASIC, FCA, or CySEC. While this doesn’t automatically mean risk, it does mean less stringent oversight and fewer investor safeguards.

That said, for users who prioritize affordability and the ability to trade in TWD over top-tier regulation, Broker A serves as a functional entry point. Just be sure to conduct thorough due diligence and consider starting with a small account.

Important: TWD Base Currency vs. Trading the USD/TWD Pair

One of the most common misconceptions among new traders is conflating a TWD base currency account with simply trading the USD/TWD currency pair. These are entirely different concepts—one relates to how your money is held, the other to what you’re buying and selling.

To clarify:

• A TWD Base Currency Account means your entire account balance—your starting capital, profits, losses, and fees—is measured and settled in New Taiwan Dollars. You can trade any instrument (EUR/USD, gold, indices), and any gains or losses will be converted into TWD and reflected in your account balance accordingly.
• Trading the USD/TWD Pair refers to speculating on the exchange rate between the US dollar and the New Taiwan Dollar. This is just one tradable asset among many, and it doesn’t change your account’s base currency. If your account is in USD, your P&L from USD/TWD trades will still be in USD.

Here’s a side-by-side comparison:

Feature	TWD Base Account	Trading the USD/TWD Pair (in a USD Account)
Account Capital Currency	New Taiwan Dollar (TWD)	US Dollar (USD)
Profit/Loss Calculation	Calculated and displayed in TWD	Calculated and displayed in USD
Primary Purpose	To manage your funds efficiently, avoid conversion fees, and simplify financial tracking.	To profit from anticipated movements in the USD/TWD exchange rate.
Example	You deposit TWD 30,000. You trade EUR/USD and make a profit. The profit is added to your TWD 30,000 balance.	You deposit $1,000 USD. You buy the USD/TWD pair. Your P&L from this trade is in USD.

In practical terms, having a TWD base account gives you a stable financial foundation. It insulates your core capital from USD/TWD volatility, regardless of which markets you trade. Meanwhile, trading USD/TWD is a tactical decision—just another way to express a market view.

For US-based Taiwanese traders, combining both—a TWD-denominated account *and* the ability to trade USD/TWD when appropriate—offers maximum flexibility and control.

How We Tested and Ranked These TWD-Friendly Brokers for the US Market

Our evaluation process was designed from the ground up to reflect the real-world needs of US-resident Taiwanese traders. We didn’t just rely on marketing claims—we verified every detail through hands-on testing and direct engagement.

Here’s how we assessed each broker:

• Confirmed TWD Base Currency Support: We didn’t accept “TWD deposits accepted” as proof. Instead, we opened demo accounts, reviewed account settings, and contacted customer service to confirm whether the account could be truly denominated in TWD—not just funded in it.
• Regulatory Strength and Jurisdiction: Brokers regulated by ASIC, FCA, or CySEC received higher rankings due to stronger fund protection rules, negative balance protection, and audit requirements. We treated offshore regulators like VFSC with caution, noting them but flagging potential risks.
• Trading Costs and Execution Quality: We compared spreads on major pairs (EUR/USD, GBP/USD), commission structures, and swap rates. Execution speed and slippage were tested using simulated trades during high-volatility events.
• Platform Usability and Features: We evaluated MT4, MT5, cTrader, and proprietary platforms for stability, charting tools, order types, and mobile functionality. A smooth, responsive interface matters—especially when markets move fast.
• Customer Support Responsiveness: We submitted inquiries via live chat, email, and phone, measuring response times and the clarity of answers. Brokers offering multilingual support, including Mandarin or Chinese, scored higher for accessibility.

Only those that passed all stages of verification made it onto our final list.

Understanding Forex Regulation in Taiwan: The Role of the FSC

In Taiwan, the Financial Supervisory Commission (FSC) oversees all financial activities, including foreign exchange trading. The FSC’s approach to retail forex is conservative, with strict leverage limits and limited product offerings. As a result, very few locally licensed brokers provide the same range of CFDs, leverage options, or advanced platforms available internationally.

This regulatory landscape has led many Taiwanese traders—both domestically and abroad—to look beyond local brokers. International platforms regulated by ASIC, FCA, or CySEC offer greater flexibility, deeper liquidity, and more sophisticated tools. While these brokers operate outside the FSC’s jurisdiction, their adherence to global compliance standards ensures a high level of transparency and client protection.

For US-based traders, the decision to use an international broker is both legal and common. US law allows residents to trade with offshore entities, provided the broker complies with anti-money laundering (AML) and know-your-customer (KYC) protocols. The key is choosing a platform with verifiable regulation and a clear track record.

Always check a broker’s regulatory status directly on the official website of the overseeing authority—never rely solely on claims made on the broker’s own site.

Conclusion: Making the Right Choice for Your TWD Forex Trading in 2025

For US-based Taiwanese traders, the ability to trade in a TWD-denominated account is more than a convenience—it’s a financial optimization. It cuts out unnecessary fees, reduces currency risk, and brings clarity to performance tracking. While the number of brokers offering this feature remains limited, the options are real and growing.

Among them, **Moneta Markets** stands out as the most balanced and reliable choice. It combines genuine TWD account support with strong regulation, low trading costs, and access to powerful platforms like MT5 and PRO Trader. Whether you’re a beginner or an experienced trader, it offers a seamless bridge between your US residence and Taiwanese financial roots.

Other brokers like Broker Y and Broker A provide viable alternatives depending on your priorities—whether it’s advanced tools or minimal entry cost. But no matter which path you take, the central principle holds: aligning your trading account with your home currency is a smart move in today’s globalized financial world.

By choosing a broker that supports TWD as a base currency, you’re not just simplifying your workflow—you’re taking control of your financial narrative. And in 2025, that makes all the difference.

Can I open a forex account in TWD from the US?

Yes, it is possible, but it is a rare feature. Most US-regulated brokers do not offer TWD base currency accounts. You will typically need to use a reputable international broker that accepts clients from the US for CFD trading and specifically offers TWD as an account denomination. Brokers like Moneta Markets are among the few that provide this service.

Which major forex brokers accept clients from Taiwan?

Many major international forex brokers regulated in jurisdictions like Australia (ASIC), the UK (FCA), and Cyprus (CySEC) accept clients from Taiwan. The key is to look for brokers with a strong regulatory background and a good reputation. However, not all of them will offer TWD base currency accounts, which is a more specific feature.

Is forex trading legal and regulated in Taiwan for US residents?

For US residents, your trading activities are primarily governed by US law. Trading forex is legal in the US. When you trade with an international broker from the US, you are operating under that broker’s regulatory jurisdiction. In Taiwan itself, forex trading is legal and regulated by the FSC, though the local offerings for leveraged products are limited, which is why many traders seek international platforms.

How do I deposit TWD into a forex trading account?

If your broker offers a TWD base currency account, they will typically provide several TWD-friendly deposit methods. These often include:

• Local bank transfers in Taiwan
• International wire transfers in TWD
• Credit/debit card payments (the transaction may be processed in TWD)
• E-wallets that support TWD balances

Always check the broker’s funding page for the specific options available.

What are the benefits of a TWD base currency account over a USD one?

The main benefits are:

1. Cost Savings: You avoid currency conversion fees on both deposits and withdrawals.
2. Simplicity: Your profits and losses are calculated in TWD, making it easier to track your performance without mental math or spreadsheets.
3. Risk Management: Your account’s base capital is not subject to the daily fluctuations of the USD/TWD exchange rate.

Does Moneta Markets offer a TWD account?

Yes, Moneta Markets is one of the top-rated brokers that explicitly offers New Taiwan Dollar (TWD) as a base currency option for its trading accounts. This allows Taiwanese traders to manage their entire trading finances in their local currency, from initial deposit to final withdrawal, making it a highly recommended choice.

How can I avoid currency conversion fees when trading forex?

The most effective way to avoid currency conversion fees is to choose a forex broker that allows you to open an account in your local currency. For Taiwanese traders, this means finding a broker that offers a TWD base currency account. By doing so, you can deposit and withdraw TWD directly, bypassing the need for the broker or your bank to perform a costly currency exchange.

What’s the difference between account currency and trading pair currency?

The account currency (or base currency) is the currency in which your account is denominated. It’s the currency of your capital, balance, and P&L. For example, a TWD account. The trading pair currency refers to the two currencies you are actually trading, such as EUR/USD or USD/JPY. You can trade any available pair, and the profit or loss from that trade will be converted and credited to your account’s base currency.