2025 Taiwan Securities Industry Ranking Guide — Complete Analysis from Choosing a Broker to Opening an Account

2025-12-24 13:34:11

As the number of investors surges, Taiwan’s securities market competition is becoming increasingly intense. Many novice investors face the first challenge: which brokerage firm should they choose? This article will analyze the current state of Taiwan’s securities industry in depth, helping investors understand the strengths and weaknesses of various brokerages from multiple dimensions.

Core Factors to Consider When Choosing a Brokerage

Before looking at the rankings, let’s first examine what key indicators are most important when selecting a broker.

Commission Discount Rate

Commission fees are the most direct part of investment costs. The official commission rate for Taiwan stock trading is 0.1425%, but most investors can negotiate discounts. Depending on trading volume levels, brokerages offer discounts ranging from 20% to 65%. More importantly, the way discounts are returned varies—some brokers use daily refunds, others monthly—this directly affects the efficiency of fund utilization.

Trading Software Quality

A user-friendly trading tool is often overlooked by investors, but its importance is on par with commission fees. From real-time quotes, technical analysis charts, to account management and risk alerts, the differences among broker apps are significant. In choosing, actual testing is often more important than just reading descriptions.

Margin Financing and Short Selling Services

Margin financing and short selling not only involve interest costs but also impact the flexibility of investment strategies. Large brokerages typically provide more ample securities and more favorable financing rates, which are crucial for investors who frequently use margin or need to short sell.

2025 Taiwan Securities Industry Overview

Based on the total trading volume in 2024, the following are the market positions of the top ten domestic brokerages in Taiwan:

Rank	Brokerage Name	Market Share(%)	Main Trading Products
1	Yuanta Securities	12.89	Taiwan stocks, ETFs, Hong Kong stocks, China stocks, US stocks, Japanese stocks, international futures, options
2	KGI Securities	10.08	Taiwan stocks, Taiwan ETFs, futures, options, overseas omnibus trading
3	Fubon Financial	7.05	Taiwan stocks, Taiwan ETFs, futures, options, overseas omnibus trading
4	E.SUN Securities	4.62	Overseas securities investments(US stocks, Hong Kong stocks, China stocks, Japanese stocks)
5	Cathay Securities	4.06	Taiwan stocks, ETFs, bonds, warrants, futures, odd-lots, overseas commodities
6	KY Securities	3.38	Taiwan stocks, bonds, futures, warrants, overseas commodities
7	Yuanta FHC	3.18	Taiwan stocks, bonds, futures, warrants, overseas stocks
8	Hua Nan Yung Chang	2.54	Taiwan stocks, bonds, futures, overseas omnibus products
9	Mega Securities	2.52	Taiwan stocks, bonds, futures, warrants, structured products, overseas omnibus trading
10	Union Securities	2.43	Taiwan stocks, bonds, warrants, futures, overseas omnibus trading

This ranking reflects a high market concentration, with the top three brokerages holding nearly 30% combined market share, indicating that scale and brand recognition still play a significant role in competition.

Comparison of Commission Fees and Cost Calculations

Electronic Order Discount Plans of Various Brokerages

Broker Code	Brokerage Name	Discount Rate	Refund Method
8560	Yuanta Securities	60%(New customers with additional offers)	Daily refund
9200	KGI Securities	60%(New customers 25%)	Monthly refund
9600	Fubon Financial	60%(New customers below 20%)	Monthly refund
9A00	E.SUN Securities	20%	Monthly refund
8880	Cathay Securities	28%	Daily refund
2856	Yuanta FHC	65%(	Monthly refund
6005	KY Securities	60%	Daily refund
2880	Hua Nan Yung Chang	65%)	Monthly refund
2855	Union Securities	25-16.8%###Tiered system(	Monthly refund
000700	Mega Securities	50%	Monthly refund

) Actual Trading Cost Example

For buying 5 lots of TSMC(Stock price 430 NT$, selling at 450 NT):

Item	Buy	Sell
Transaction Amount	2.15 million NT$	2.25 million NT$
Commission(Official rate 0.1425%, 60% discount)	1,838 NT$	1,924 NT$
Transaction Tax(0.3%, only on sell)	0	6,750 NT$
Total Cost per Transaction	1,838 NT$	8,674 NT$

This example shows that transaction tax is the main cost when selling, and the room for discounting commission fees is limited. It also explains why investors with low trading frequency should focus more on long-term holding strategies rather than frequent trading.

Cost Differences Between Domestic and Overseas Brokerages in Taiwan

Many investors find that using domestic brokerages for overseas investments###especially US and Hong Kong stocks( often incurs higher costs due to “omnibus” trading through layers of agents, leading to compounded fees.

If targeting US or Hong Kong markets, directly choosing overseas brokerages may be more cost-effective. Here are three popular overseas trading platforms in Taiwan:

) Mitrade——Flexible Leverage Trading Platform

Mitrade specializes in CFD(trading, offering US stocks, Hong Kong stocks, indices, forex, commodities, and cryptocurrencies. Platform features include:

Advantages:

Very low minimum deposit)only $50(, suitable for small investors
Zero commission model, only spreads charged
Support for 1-200x leverage adjustment
Free withdrawals monthly
24-hour Taiwanese customer service, supports TWD deposits/withdrawals
Free demo account for risk-free practice

Suitable for:

Traders with smaller capital looking to amplify returns
Hedging traders engaging in long/short positions
Active traders doing day trading or short-term strategies

) Interactive Brokers###——Choice for Large Capital Investors

Founded in 1977, Interactive Brokers is a well-known international broker with a large user base worldwide. The platform offers:

Advantages:

Most comprehensive product range(stocks, bonds, ETFs, futures, forex, etc.)
Cost structure more favorable for large funds
Free account opening, no minimum deposit
Support for Chinese customer service
Regulated in the US, high fund safety

Notes:

If using margin accounts, maintain over $2,000
Mainly suitable for investors with larger capital

( Firstrade——User-Friendly Pure Online Broker

Firstrade is a US-based online broker, known for zero-commission trading, popular among Taiwanese dividend stock investors.

Advantages:

Zero commissions on stocks, ETFs, options
Intuitive and simple interface, easy for beginners
Loss protection for unauthorized trades
Regulated by US FINRA and SIPC

Caution:

Higher withdrawal fee)$25 per withdrawal###
Recommended to minimize frequent withdrawals

( Quick Comparison of Three Major Overseas Platforms

Platform	Fee Structure	Minimum Deposit	Features	Suitable For
Mitrade	Zero commission)Spread-based###	(	Leverage flexibility, local service	Small investors, short-term traders
Interactive Brokers	$0.005/share	)	Wide product range, cost-effective	Large capital investors, asset allocators
Firstrade	Zero commission	$50	Simple, beginner-friendly	Dividend stock investors, ETF traders

Complete Process to Open an Overseas Brokerage Account

$0 Step 1: Online Registration

Taking Mitrade as an example, visit the official website, fill in basic info$0 email, set password, choose currency###, and complete in minutes. Afterward, you can directly use the demo account to familiarize yourself with the interface, no need to deposit immediately.

( Step 2: Account Verification and Deposit

After passing KYC verification, real trading can begin. Deposit methods include Skrill, Poli, credit card, wire transfer), choose the most convenient. Mitrade’s minimum deposit is only $50, making it easy for beginners to start.

Step 3: Search for Products and Start Trading

Log into the trading page, enter stock name or code in the search bar, quickly locate the target product. Supports mobile, web, and PC platforms, allowing you to monitor the market anytime, anywhere.

Final Reminder When Choosing a Broker

In Taiwan’s securities market, there is no absolute “best” choice, only the broker that is “most suitable for you.” Before making a decision, investors should clarify their investment direction:

Mainly investing in Taiwan stocks? Choose a domestic large broker with high commission discounts and good trading software. Yuanta, KGI, Fubon, and other top-ranked securities firms are good options.

Frequent trader? Pay attention to refund methods(daily refunds are better than monthly), software stability, and customer service responsiveness.

Mainly investing in overseas markets? Using overseas brokerages directly is more cost-effective. Based on your capital and trading habits, consider Mitrade, Interactive Brokers, or Firstrade.

Need margin financing and short selling? Prioritize larger brokerages with ample securities and better rates.

Remember: regularly review your choices, and when market conditions change, switching brokers is fine. The most important thing is to find a trading platform that supports your investment strategy.

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