What is The Forex Trading?<\/summary>\nForeign exchange trading is a transaction where two currencies are simultaneously bought and sold. For example, buying EUR\/USD means buying the Euro and selling the US Dollar. It is the largest financial market in the world, operating 24 hours a day.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is a Currency Pair?<\/summary>\nA currency pair is a trading unit composed of two currencies. Examples: EUR\/USD, USD\/JPY, etc. The first currency is the base currency, and the second is the quote currency.<\/p>\n<\/details>\n\n\n\nWhat is a Quote Currency?<\/summary>\nIt is the second currency in a currency pair, representing the amount of the relative currency needed to buy or sell one unit of the base currency.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is the difference between Buy and Sell?<\/summary>\nYou can think of a Buy as opening a position, regardless of whether it is a Long or Short position. There may be differences depending on the broker. Sell means closing a position.<\/p>\n<\/details>\n\n\n\nWhat do Long and Short mean?<\/summary>\nLong is opening a position anticipating a price increase, and Short is opening a position anticipating a price decrease. You can pursue profit by trading in both directions\u2014from price increases as well as decreases.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is a Pip?<\/summary>\nIt is the minimum unit of an exchange rate, referring to the fourth decimal place in most currency pairs. Example: 1.1234 -> 1 pip = 0.0001. The decimal point notation may differ for currencies with small base units like the Japanese Yen. For the Yen, 1 pip is 0.01. This is because the dollar is about 1 dollar = 150 yen, but the Euro is about 1 Euro per 1.1 dollars. Numerically, displaying the Yen up to the fourth decimal place is inefficient and meaningless, so it is not shown. In other words, the pip unit can change based on the currency's actual value.<\/p>\n<\/details>\n\n\n\nWhat is a Point?<\/summary>\nA point is a unit smaller than a pip, referring to the fifth decimal place. Example: In 1.12345, 1 point = 0.00001.<\/p>\n\n\n\n![\"\"](\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" "\\"\\"")
<\/figure>\n<\/details>\n\n\n\n<\/p>\n\n\n\nWhat is a Lot?<\/summary>\nIt refers to the trading unit, where 1 lot is 100,000 units of the base currency. Some brokers also offer Mini Lots and Micro Lots. For example, 1 lot for EUR\/USD is considered 100,000 US Dollars, and 1 lot for USD\/JPY is based on 100,000 Japanese Yen.<\/p>\n<\/details>\n\n\n\nWhat is a Micro Lot?<\/summary>\nIt refers to a trade of 0.01 lot (1,000 units) and is suitable for small investors or beginners.<\/p>\n<\/details>\n\n\n\nWhat is a Mini Lot?<\/summary>\nIt is a trading unit of 0.1 lot (10,000 units). It is larger than a Micro Lot but smaller than a standard 1 Lot.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is Leverage?<\/summary>\nIt is a feature that allows large trades with a small amount of capital. Example: 1:1000 means you can trade up to 10,000 USD with 10 USD.<\/p>\n<\/details>\n\n\n\nWhat is Margin?<\/summary>\nIt is the amount held as collateral in leveraged trading, like a deposit. It is essential for maintaining the trade.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is Free Margin?<\/summary>\nIt is the remaining usable margin in the current account. It affects the possibility of entering additional positions.<\/p>\n<\/details>\n\n\n\nWhat is a Margin Call?<\/summary>\nIt is a system that demands additional deposits if the funds in the account fall below the maintenance margin.<\/p>\n<\/details>\n\n\n\nWhat is Stop Out?<\/summary>\nIt is the minimum maintenance margin ratio at which the broker automatically closes positions if the margin is insufficient.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is Spread?<\/summary>\nIt is the difference between the selling price (Bid) and the buying price (Ask). It is a source of revenue for the broker and is recognized as a transaction cost.<\/p>\n<\/details>\n\n\n\nWhat is the difference between Fixed Spread and Variable Spread?<\/summary>\nFixed is a spread that is always constant, while Variable changes according to market conditions. Variable is more common and often lower.<\/p>\n<\/details>\n\n\n\nWhen does Commission occur?<\/summary>\nSome brokers, such as those with ECN accounts, charge a separate transaction fee in addition to the spread. This is usually around $6 to $7\/lot for a round trip.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is Rollover?<\/summary>\nIt is the process of carrying a position over to the next trading day if it is held for more than one day. Swap is applied at this time.<\/p>\n<\/details>\n\n\n\nWhat is Swap?<\/summary>\nIt is the interest incurred for holding the currency. It is applied as either positive or negative based on the interest rate difference.<\/p>\n<\/details>\n\n\n\nWhat are Positive (Long) Swap and Negative (Short) Swap?<\/summary>\nThe swap amount received or paid differs depending on whether the position is Long or Short. Example: Buy EUR\/USD -> +Swap, Sell -> \u2013Swap. This is the interest rate based on the interest rate difference between the respective currencies.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is Slippage?<\/summary>\nIt is a phenomenon where an order is executed at a price less favorable than the requested price. It is likely to occur, especially during news announcements or sudden price spikes\/drops.<\/p>\n<\/details>\n\n\n\nWhat is a Requote?<\/summary>\nIt is a situation where the broker asks for the order again with a new price due to a difference between the current market price and the requested price during a market order.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is a Market Order?<\/summary>\nIt is an order type that is executed immediately at the current market price. It is the fastest, but slippage may occur.<\/p>\n<\/details>\n\n\n\nWhat is a Limit Order?<\/summary>\nIt is an order set to be executed only when the desired price is reached. Execution is not guaranteed.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is Stop Loss?<\/summary>\nIt is a function that pre-sets an automatic liquidation price to limit losses if the market moves contrary to expectations.<\/p>\n<\/details>\n\n\n\nWhat is Take Profit?<\/summary>\nIt is a function that automatically closes a position when the target profit is reached to secure the gain.<\/p>\n<\/details>\n\n\n\nWhat is the Entry Price?<\/summary>\nIt is the price at which the position was first opened.<\/p>\n<\/details>\n\n\n\nWhat is the Close Price?<\/summary>\nIt is the price at which the position was closed. The profit or loss is determined by the difference from the Entry Price.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is MT4?<\/summary>\nIt is an abbreviation for MetaTrader4, the most widely used FX trading platform worldwide.<\/p>\n<\/details>\n\n\n\nWhat is MT5?<\/summary>\nIt is the successor version to MT4, a platform with more features and a faster server structure.<\/p>\n<\/details>\n\n\n\nWhat is the cTrader Platform?<\/summary>\ncTrader is one of the widely used foreign exchange trading platforms along with MT4\/MT5. Its advantages include a deep Level II order book, fast execution speed, and a clean interface, making it a recommended platform when using an ECN broker. However, it may be somewhat unfamiliar to those accustomed to the MT series, so beginners can start with MT4. Note that some brokers do not support cTrader.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhat is FOMC?<\/summary>\nIt is the U.S. Federal Open Market Committee, the body that makes decisions on interest rates and monetary policy.<\/p>\n<\/details>\n\n\n\nWhat are Economic Indicators?<\/summary>\nThey are statistics that show the state of a nation's economy, such as interest rates, GDP, unemployment rate, and consumer prices.<\/p>\n<\/details>\n\n\n\n
<\/p>\n\n\n\nWhich Brokers are recommended for Beginners?<\/summary>\n\n- XM<\/strong>No commission, small lot ($0.01$ lot) trading possible, offers a sign-up bonus.<\/li>\n\n\n\n
- Vantage<\/strong>Up to 1000x leverage, various bonuses, ECN spreads.<\/li>\n\n\n\n
- FPMarkets<\/strong>Authentic ECN structure, supports cTrader\/MT4\/MT5.<\/li>\n<\/ul>\n\n\n\n
All three offer Korean language support<\/strong>, , highly reliable regulation,<\/strong>, and diverse trading platforms.<\/strong>\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4.<\/p>\n<\/details>\n\n\n\nWhich Brokers allow KRW (Korean Won) Deposit and Withdrawal?<\/summary>\n\n- XM<\/strong>Possible to deposit KRW via domestic banks (Shinhan, Kookmin, etc.)<\/li>\n\n\n\n
- Vantage<\/strong>: Supports StickPay, E-Pay, and domestic banks.<\/strong> \uc9c0\uc6d0<\/li>\n\n\n\n
- Infinox<\/strong>: Possible to deposit KRW via E-Pay and bank transfer.<\/strong><\/li>\n\n\n\n
- FPMarkets<\/strong>: Possible to deposit KRW directly from the bank.<\/li>\n<\/ul>\n\n\n\n
Most brokers allow KRW deposits through e-wallets like StickPay and E-Pay.<\/strong>If you want the lowest fees, depositing via USDT has the lowest commission.<\/p>\n<\/details>\n\n\n\nHow do I deposit with a Recommended Broker?<\/summary>\nXM<\/strong>: Domestic bank transfer and USDT deposit.<\/p>\n\n\n\nVantage<\/strong>: Domestic bank transfer and USDT deposit.<\/p>\n\n\n\nFPMarkets<\/strong>: Domestic bank transfer and USDT deposit.<\/p>\n\n\n\nInfinox<\/strong>: Domestic bank transfer and USDT deposit.
\u203b Most have no deposit fees<\/strong>, and are reflected within 5 minutes.<\/strong><\/p>\n<\/details>\n\n\n\n<\/p>\n\n\n\nWhen can I trade FX?<\/summary>\nThe FX market is open 24 hours a day, 5 days a week.<\/strong><\/p>\n\n\n\n\n- Monday 6:00 AM to Saturday 5:00 AM (Korean time)<\/strong><\/li>\n\n\n\n
- The most active time is when London and New York overlap (21:00 to 1:00 KST).<\/li>\n<\/ul>\n\n\n\n
However, the trading hours for some products (e.g., Stock CFDs) are limited, so you need to check the hours for each product.<\/p>\n<\/details>\n\n\n\nIs using an Overseas FX Broker illegal?<\/summary>\nNo, it is not. The use of an overseas broker itself is not illegal, and there are no restrictions on its use.<\/strong> However, since you are not protected by the legal framework of Korean financial authorities, the responsibility for broker selection and risk management rests entirely with the user.<\/strong> Brokers do have their own insurance or compensation schemes in place.
For more details on this content, please refer to the article Is FX Broker CFD Illegal?<\/a> Check the Article.<\/p>\n<\/details>\n\n\n\nWhy is the use of an Overseas Broker not illegal?<\/summary>\nOverseas FX brokers have acquired financial licenses outside of Korea and operate legally.<\/strong>\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4.
Foreign exchange trading itself is not prohibited in Korea, and there are no regulations restricting the use of overseas firms.<\/strong>
However, domestic investor protection regulations do not apply,<\/strong> so you must prepare for asset protection yourself. This means you should not use scam\/fraudulent brokers. For this, you should use a secure broker that has been operating for 10 years or more.<\/p>\n<\/details>\n\n\n\nWhich Brokers are frequently used by Koreans?<\/summary>\nAs of 2025, the brokers with a high proportion of Korean users are as follows: \ud55c\uad6d \uc0ac\uc6a9\uc790 \ube44\uc911\uc774 \ub192\uc740 \ube0c\ub85c\ucee4<\/strong>\ub294 \ub2e4\uc74c\uacfc \uac19\uc2b5\ub2c8\ub2e4:<\/p>\n\n\n\n\n- XM<\/strong>Easy for beginners to start, sign-up bonus and 24hour Korean service support.<\/li>\n\n\n\n
- Infinox<\/strong>Various bonuses, KRW deposit\/withdrawal, and 24hour Korean service support.<\/li>\n\n\n\n
- FXPro<\/strong>Popular cTrader, stable trading, weak Korean service and no KRW deposit\/withdrawal, but the highest global recognition.<\/li>\n\n\n\n
- IC Markets<\/strong>Lowest ECN spreads and commissions, preferred by advanced traders, no KRW deposit\/withdrawal and no Korean service.<\/li>\n<\/ul>\n<\/details>\n\n\n\n
Which Brokers have the lowest Spread and Commission?<\/summary>\n\n- Lowest Spread:<\/strong>:\n
\n- IC Markets (ECN)<\/strong>Average 0.1 pip for EUR\/USD.<\/li>\n\n\n\n
- FPMarkets<\/strong>0.1 to 0.3 pips.<\/li>\n\n\n\n
- Vantage (RAW \uacc4\uc815)<\/strong>Around 0.1 pip.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Lowest Commission:<\/strong>:\n
\n- FPMarkets (ECN)<\/strong>$6lot.<\/li>\n\n\n\n
- Vantage PRO ECN<\/strong>$3lot.<\/li>\n\n\n\n
- IC Markets<\/strong>$6lot.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
Commissions and spreads vary by account type. The above figures are based on ECN accounts; Standard accounts (STP) only charge a spread<\/strong>without commission.<\/p>\n<\/details>\n\n\n\n<\/p>\n\n\n\nWhat is a CFD?<\/summary>\nCFD (Contract for Difference) means a \"Difference Settlement Transaction.\"<\/strong>, \uac00\uaca9 \ubcc0\ub3d9\uc5d0\ub9cc \ud22c\uc790<\/strong>It is a method of investing only in price fluctuations without actually owning the asset.<\/strong>That is, it is a structure where you bet on the direction in which the price of a product, such as gold, oil, indices, stocks, or foreign exchange, will rise or fall, and only the profit\/loss difference is settled.<\/p>\n<\/details>\n\n\n\nWhat Assets can be traded with CFD?<\/summary>\nForeign exchange (Forex), indices (US500, NAS100, JP225, etc.), commodities like gold\/silver\/crude oil, individual stocks in the US\/Europe\/Korea, and virtual assets (BTC, ETH, etc.) can all be traded as CFDs in one account.<\/strong>, \uc9c0\uc218 (US500, NAS100, JP225 \ub4f1)<\/strong>, \uae08\/\uc740\/\uc6d0\uc720 \uac19\uc740 \uc6d0\uc790\uc7ac<\/strong>, \ubbf8\uad6d\/\uc720\ub7fd\/\ud55c\uad6d \uac1c\ubcc4 \uc8fc\uc2dd<\/strong>, \uac00\uc0c1\uc790\uc0b0 (BTC, ETH \ub4f1)<\/strong> \ubaa8\ub450 \ud55c \uacc4\uc88c\uc5d0\uc11c CFD \ud615\ud0dc\ub85c \uac70\ub798 \uac00\ub2a5\ud569\ub2c8\ub2e4.<\/p>\n<\/details>\n\n\n\n<\/p>\n\n\n\nHow do I deposit USDT to an FX Broker?<\/summary>\nLog in to the FX broker<\/strong> -> Access the personal area, then select Deposit -> Select Cryptocurrency (USDT)<\/strong> -> Confirm the deposit address (wallet address) provided by the broker.<\/p>\n\n\n\nLog in to Binance (or Bitget, etc.) -> Select the Withdrawal Menu<\/strong> -> Select USDT.<\/p>\n\n\n\nCopy and paste the address provided by the FX broker -> \uc8fc\uc18c\ub97c \ubcf5\uc0ac\ud574\uc11c \ubd99\uc5ec\ub123\uae30<\/strong> (Must) confirm the network (Tether TRC20, ERC20, etc.) matches \ub124\ud2b8\uc6cc\ud06c(Tether TRC20, ERC20 \ub4f1)<\/strong> enter the amount, and submit the withdrawal request. The deposit is usually reflected within 5 to 30 minutes.<\/p>\n<\/details>\n\n\n\n