Best Trading Platform in China

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In this guide, we go over the best trading platforms in China. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support and islamic account options.

Trading platforms that reached the highest scoring are considered in the following list:

Top 6 Trading Platforms in China

best-trading-platform-china
  1. Interactive Brokers Best trading platform overall
  2. Citi Securities
  3. TD Ameritrade
  4. Fidelity
  5. XTB – Ideal for users looking to trade forex and CFDs
  6. Capital.com – Best in research and education

Best Online Trading Platforms in China

PLATFORMSCOREGENERAL INFOMINIMUM DEPOSIT
#1Interactive Brokers4.9Best trading platform overall$0
#2Citi Securities1.5
#3TD Ameritrade4.7
#4Fidelity4.7
#5XTB4.5Ideal for users looking to trade forex and CFDs$250
#6Capital.com4.7Best Broker for Algorithmic Traders$0


Below section breaks down the best trading platforms in China beginning with the highest rated…

01. Interactive Brokers: Best trading platform overall

interactive-brokers-rating

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).


02. Citi Securities:

citi-securities-rating


03. TD Ameritrade:

td-ameritrade-rating


04. Fidelity:

fidelity-rating


05. XTB: Ideal for users looking to trade forex and CFDs

xtb-rating

XTB is a trusted online broker ideal for users looking to trade forex and CFDs on a great performing proprietary platform (xStation 5). Traders like the minimalist design, extensive selections of features, powerful trading tools and great order execution. As a multi-asset broker, XTB offers a vast selection of tradable instruments spread across all markets. They provide CFDs on stocks, commodities, ETFs, cryptos, Indices and forex currency pairs. XTB pricing is industry average across all accounts.

Beginner traders will like the outstanding customer support, excellent research + education section and the easy to use proprietary platform. With an overall great offer, it should be considered by any trader looking to trade forex and CFDs.


06. Capital.com: Best For Research and Education (Discount Broker)

capital-com-broker-rating

Capital.com is a top choice for traders looking for a discount broker with great educational content and resources, advanced research tools and a premium trading interface. They offer a wide range of tradable assets including CFDs on cryptos, stocks, indices, commodities and forex pairs.

Founded in 2016, Capital.com is an international fintech company which has group of entities authorised and regulated by the Financial Conduct Authority (“FCA”), the Australian Securities and Investments Commission (“ASIC”), the Cyprus Securities and Exchange Commission (“CySEC”), and the Financial Services Authority of Seychelles (“FSA”). It does not operate a bank and is not publicly traded.

Choose Capital.com if you are looking for a great mobile trading experience, professional web trading interface, day trading features. Beginner traders will like the low minimum deposit ($20), industry leading commission structure, and award winning education section.


How To Pick The Right Platform?

The main criteria to consider when choosing a trading platform in China include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.

Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees and hidden fees. Commission and spread fees are common with Chinese brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.

Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.

Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.

Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.

Assets: Look for coverage of preferred assets. Chinese traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.

Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.

Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.

Customer support: Beginner traders should look out for responsive and professional customer support available in their language.

*Islamic Accounts: All platforms from our list offer islamic account options. This gives users the chance to trade online in compliance to the Sharia law.

Online Trading In China

Online trading in China is available on the Shanghai Stock Exchange, Beijing Stock Exchange, and the Shenzhen Stock Exchange. The Shanghai Stock Exchange is founded in 1990 and it is the world’s 3rd largest stock exchange. On this stock exchange, you can only trade Chinese stocks and all transactions are overseen by Chinese mainland authorities. If you want to trade international stocks, forex, cryptocurrencies, or other financial instruments we recommend trading with the trusted brokers and trading platforms mentioned in this guide instead. It is legal to trade with foreign brokers, but you should report profits made and pay 45% income tax.

Online Trading Regulation

The China Banking and Insurance Regulatory Commission (CBIRC) is the main regulatory body to oversee all online trading activities in China. All companies based in China that want to offer online trading services to Chinese citizens have to be authorised by the CBIRC. They have legal authority to fine and prosecute brokers who are offering brokerage services without a regular license. Offshore brokers don’t have to be authorised by the CBIRC to offer online trading services to Chinese citizens. Cryptocurrency trading is illegal in China.

License Verification

You can verify the validity of a brokers license by going to the official website of the CMF, clicking on ‘Financial Regulation Research’, and searching the database for the name of the broker. If the broker is based outside of China, you can visit the official websites of CySEC, FCA, BaFIN, ASIC, or FINRA and check their database of ‘Registered Entities’ for the name of the company you want to trade with. If nothing shows up, you might be dealing with an unregulated broker or trading platform and we recommend trading with one of the best trading platforms in China mentioned in this guide instead.

Conclusion

Based on our review, we consider Interactive Brokers as the best trading platform for Chinese residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.

Citi Securities is the second best trading platform for Chinese residents, because of their low fees, advanced trading tools, copy trading features, and a responsive customer support. TD Ameritrade, Fidelity, XTB, and Capital.com are finishing up our list of top platforms with a great overall offer and above average ratings.

FAQ

Are There Commission-Free Trading Platforms In China?

Yes, there are trading platforms available in China that offer 0% commission trading like eToro and AvaTrade.

How Much Should I Invest When Trading Online in China?

You should always invest at least the minimum deposit amount Chinese and international brokers require you to open an account. In most cases, this is about $50.

Is Crypto Trading Available In China?

Yes, crypto trading is available to Chinese citizens. The leading trading platforms offer Bitcoin trading via CFDs.

How To Check If A Trading Platform Has a Valid License?

You can check if a broker or trading platform has a valid license by checking the ‘Registered Entities’ databases on the official websites of regulatory bodies like the CySEC, FINRA, ASIC, BaFin, or FCA. For Chinese brokers, you can check the official website of the China Banking and Insurance Regulatory Commission instead.


Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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