2025 Taiwan Top 10 Securities Firms Complete Guide: Cheapest Commission Fees and Trading Cost Comparison

Why Choosing the Right Broker Can Save You So Much Money

In Taiwan, retail investors trading stocks, bonds, or options must open an account through a securities firm. However, the discount rates offered by different brokers vary greatly. Just reducing the commission fee from 60% to 20% can save thousands of dollars per trade. This article will thoroughly analyze the market positions, fee structures of Taiwan’s top ten brokers, and how to find the most suitable trading channels for yourself.

2025 Market Share Rankings of Taiwan’s Domestic Securities Firms

Based on the total trading volume in 2024, here is the ranking of the top ten securities firms in Taiwan. These established brokers have decades of operational experience and mostly support diverse trading products such as Taiwan stocks, US stocks, Hong Kong stocks, and more.

【Source: Taiwan Stock Exchange 2024 Annual Statistics】

How to Choose the Cheapest Broker? In-Depth Understanding of Trading Costs

Taiwan Stock Market Fee Structure

Trading stocks in Taiwan involves two major costs: commission fees and transaction taxes.

• Commission Fees: Officially set at 0.1425%, charged on both buy and sell sides, with a minimum of NT$20 per transaction.
• Transaction Tax: 0.3% on sell transactions, paid to the government, with no discounts available.

Although there is a cap on official commission fees, the widespread adoption of online trading and fierce competition mean brokers offer varying discounts—volume traders can negotiate, with discounts ranging from 20% to 65%.

Overview of Commission Discounts and Refund Methods of Major Brokers

Actual Trading Cost Case Study

Using TSMC (TSM) as an example, assuming buying 5 lots and selling 5 lots:

Key Finding: For the same trade, reducing the commission from 60% to 20% can save an additional NT$1,500–NT$2,000 per transaction. The larger the volume, the more significant the impact of the discount difference.

Four Core Criteria for Choosing a Securities Firm

1. Commission Discount Is Basic, But Don’t Focus Only on This

While commission discounts vary greatly, excessive competition has led some small brokers to lower fees at the expense of system stability, order execution speed, and customer service quality. Use commission rates as a primary filter, then consider other factors.

2. Ease of Use of Trading Software Determines Investment Experience

All brokers offer free trading apps—Yuanta has “Invest Mr.”, KGI has “Mobile e Strategy”. A good platform should feature real-time quotes, technical analysis charts, account management, quick order placement, etc. Only through hands-on testing can you find the most user-friendly platform.

3. Broker’s Liquidity and Margin Interest

Larger brokers typically offer more securities to borrow (short selling) and lower margin interest rates. If you frequently short sell or trade on margin, big brokers have clear advantages—margin interest rates are usually between 6%–7%, and some can negotiate even lower.

4. Customer Service and Physical Branches

The number of physical branches and local customer service quality are important for beginners or investors who prefer face-to-face consultations.

Another Path for Overseas Market Investment: Ultra-Low Cost Options

Using entrusted trading to buy US or Hong Kong stocks via Taiwanese brokers is often not cost-effective. Here are three overseas platforms offering more competitive alternatives:

Mitrade—Leverage Trading for Small Investors

An ASIC-regulated CFD trading platform from Australia supporting US stocks, Hong Kong stocks, indices, forex, commodities, and cryptocurrencies. Features: Zero commission (only spreads), minimum deposit NT$1,500, leverage up to 1–200x, free demo account. Offers 24-hour Chinese customer service and NTD deposits/withdrawals, popular among Taiwanese retail traders.

Suitable for: Small investors, leverage traders, beginners needing practice

InteractiveBrokers—Preferred for Large Capital Trading

A well-established global broker offering trading in US, UK, Germany, Japan, Korea stocks, bonds, ETFs, futures, forex, and more. Features: Free account opening, maximum 1% commission, comprehensive product range, Chinese customer service. Margin accounts require a minimum of US$2,000.

Suitable for: Investors with substantial funds, advanced traders needing diverse financial products

Firstrade—Best Choice for ETF and Dividend Stock Investors

A US-based online broker offering commission-free trading of US stocks, ETFs, and options. Features: Simple, intuitive interface, beginner-friendly, zero commissions, protection against unauthorized trading losses. Note: Withdrawal fees are higher (US$25 per transaction).

Suitable for: Long-term ETF and dividend stock investors, newcomers to US stocks

Cost Comparison of Three Major Overseas Platforms

How to Quickly Open an Account and Start Trading

Step 1: Register Online

Using Mitrade as an example, fill in basic info (email, password, preferred currency) to instantly get a demo account for practice.

Step 2: Complete Identity Verification and Deposit Funds

After KYC verification, activate real trading. Supports multiple deposit methods (Skrill, credit card, bank transfer). Minimum initial deposit is US$50.

Step 3: Search for Products and Place Orders

Log into the trading platform, enter stock name or code in the search bar, and place orders directly.

Conclusion: Find the Cheapest and Most Suitable Broker for You

Investing in stocks, bonds, or options in Taiwan requires opening an account with a securities firm. This article summarizes the rankings and fee comparisons of Taiwan’s top ten brokers to help you quickly filter—E.SUN Securities offers a 20% discount, and Union Securities can go as low as 16.8% for large trades.

When choosing a broker, consider comprehensive factors: commission discounts, trading software quality, liquidity, margin interest, customer service, etc. Domestic brokers are suitable for Taiwan stock trading, while overseas platforms (Mitrade, InteractiveBrokers, Firstrade) offer more cost-effective options for US and Hong Kong stocks.

Key Tip: While commission fees are important, system stability and user experience are equally critical. Comparing multiple brokers and trying demo accounts will help you find the best trading partner for your needs.