## 2025 Taiwan Securities Firms Account Opening Numbers and Market Share Latest Analysis—Comprehensive Comparison of the Top Ten Domestic Brokers

More and more Taiwanese are investing in stocks, bonds, and futures, but retail investors cannot participate directly and must open accounts with securities firms to trade. With numerous brokers on the market, how can you find the platform that best suits your needs? This article compiles rankings of Taiwan securities firms by account openings, fee structures, trading tools comparison, and overseas broker options to help both beginners and experienced investors make quicker decisions.

### Taiwan Domestic Securities Firms Account Opening Numbers and Market Share Rankings

Based on the total trading volume for the full year of 2024, the Taiwan market is dominated by ten well-established brokers, most with decades of operational history, offering trading in Taiwan stocks, ETFs, futures, options, and overseas entrusted products. Notably, domestic brokers’ overseas entrusted transaction fees are usually higher, which is an important cost factor when investing in overseas markets.

Below is the complete list of Taiwan securities firms ranked by account openings and market share (Market share calculation period: January 1, 2024 – December 31, 2024):

| Rank | Broker 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, etc. |
| 2 | KGI Securities | 10.08 | Taiwan stocks, Taiwan ETFs, futures, options, and overseas entrusted products |
| 3 | Fubon Financial | 7.05 | Taiwan stocks, Taiwan ETFs, futures, options, and overseas entrusted products |
| 4 | E.SUN Securities | 4.62 | Overseas securities investment in US, Hong Kong, China, and Japan stocks |
| 5 | Cathay Securities | 4.06 | Taiwan stocks, ETFs, bonds, warrants, futures, odd-lots, and overseas products |
| 6 | KGI Securities (Qunyi) | 3.38 | Taiwan stocks, bonds, futures, warrants, and overseas products |
| 7 | Yuanta FHC | 3.18 | Taiwan stocks, bonds, futures, warrants, and overseas stocks |
| 8 | Hua Nan Yung Chang | 2.54 | Taiwan stocks, bonds, futures, and overseas entrusted products |
| 9 | Mega Securities | 2.52 | Taiwan stocks, bonds, futures, warrants, and structured products |
| 10 | Union Securities | 2.43 | Taiwan stocks, bonds, warrants, futures, and overseas entrusted products |

### Electronic Order Fee Discount Comparison

In Taiwan, stock trading costs mainly consist of “commission” and “transaction tax.” The official commission rate is 0.1425%, charged on both buy and sell sides, with a minimum of NT$20 per transaction. The transaction tax is only paid when selling, at 0.3%. Although the commission has an official set rate, with the popularity of online trading, brokers often compete fiercely, and large-volume traders can negotiate discounts.

Below is a comparison of electronic order fee discount schemes offered by various brokers:

| Code | Broker Name | Discount Rate | Fee Settlement Method |
|-------|--------------|--------------|------------------------|
| 8560 | Yuanta Securities | 60% | Daily settlement (new customers may have additional offers) |
| 9200 | KGI Securities | 60% (new customers 25%) | Monthly settlement |
| 9600 | Fubon Financial | 60% (new customers below 20%) | Monthly settlement |
| 9A00 | E.SUN Securities | 20% (monthly turnover under NT$1 million) | Monthly settlement |
| 8880 | Cathay Securities | 28% | Daily settlement |
| 2856 | Yuanta FHC | 65% | Monthly settlement |
| 6005 | Qunyi Securities | 60% | Daily settlement |
| 2880 | Hua Nan Yung Chang | 65% | Monthly settlement |
| 2855 | Union Securities | Tiered system (25% within NT$100,000, 16.8% over NT$500,000) | Monthly settlement |
| 000700 | Mega Securities | 50% | Monthly settlement |

**Fee Calculation Example: Trading TSMC shares**

Suppose an investor buys 5 lots of TSMC (stock price NT$430) and sells 5 lots (stock price NT$450):

- Purchase cost: NT$4.3 million × 0.1425% × 60% discount = NT$1,838.25
- Sale cost: NT$4.5 million × 0.1425% × 60% discount = NT$1,923.75
- Transaction tax: NT$4.5 million × 0.3% = NT$6,750
- Total trading cost: NT$10,512

### Key Evaluation Criteria for Choosing Domestic Brokers

When choosing among many brokers, investors should evaluate based on:

**Fee Discounts and Cost Structure**

Fee discounts vary greatly, and settlement cycles differ—some refunds are processed the next day, others only at month-end. However, blindly pursuing the lowest fees may lead to overlooking other costs, such as poor system stability, slow order execution, or subpar customer service, which can be more costly over the long term.

**Trading Software and User Experience**

Each broker offers free trading tools, such as Yuanta’s “InvestoMan” app or KGI’s “Mobile eStrategy.” Before choosing, test the app’s usability, real-time quote update speed, and technical analysis features. A smooth trading platform can significantly improve trading efficiency.

**Sufficient Securities and Margin Interest Rates**

Larger brokers generally have more ample securities (borrowable stocks), which is crucial for short-selling traders. Margin interest rates are also a consideration; currently, the margin ratio for Taiwan stocks is 60% for listed stocks and 50% for OTC stocks, with broker rates ranging from 6% to 7%. Larger brokers often have more competitive margin rates due to scale advantages.

### Overseas Investment: An Alternative—International Broker Platforms

For trading Hong Kong stocks, US stocks, and other overseas securities, using entrusted services via Taiwan brokers can be costly. Directly using international broker platforms may be more economical. Here are three popular overseas trading platforms in Taiwan:

**Mitrade—A Top Choice for Small Capital and Leverage Enthusiasts**

Mitrade is a global CFD(CFD) trading platform regulated by ASIC in Australia. It offers trading in US stocks, Hong Kong stocks, indices, forex, commodities, and cryptocurrencies, with leverage adjustable from 1-200x, supporting both long and short positions.

Its advantage lies in localized service—support for direct NTD deposits and withdrawals (no currency exchange needed), 24-hour Taiwanese customer support, and a very low entry barrier (start with just US$50). It offers free withdrawals up to a certain number per month, with a fee of US$5 per additional withdrawal, and no commission—only spreads. Beginners can practice with a demo account risk-free. Especially suitable for traders with limited capital who want to leverage gains.

**Interactive Brokers—A Professional Choice for Large Capital Investors**

Founded in 1977, Interactive Brokers is a veteran international broker serving global markets. It offers trading in US, UK, German, Japanese, Korean stocks, and more, along with bonds, funds, ETFs, futures, and forex, ideal for diversified asset allocation.

Fees are calculated at US$0.005 per share, more cost-effective for large-volume traders. No minimum deposit is required, but a margin account requires maintaining over US$2,000. Supports Chinese-language customer service.

**Firstrade—A User-Friendly US Stock Platform for Beginners**

Firstrade is a US-based online broker regulated by FINRA and SIPC. Known for zero commissions on stocks, ETFs, and options, it is popular among Taiwanese dividend investors. Its interface is simple and intuitive, making it easy for beginners, and it offers extra protection against losses from unauthorized trading.

Note that withdrawal fees are relatively high (US$25 per withdrawal), so minimizing frequent withdrawals can save costs.

**Quick Comparison of the Three Overseas Brokers**

| Platform | Main Advantages | Fee Structure | Withdrawal Cost | Suitable For |
|------------|-------------------|-----------------|-----------------|--------------|
| Mitrade | High leverage, low entry, Taiwanese support | Zero commission (spread-based) | 1-2 free withdrawals | Small capital, leverage enthusiasts |
| Interactive Brokers | Comprehensive products, large capital discounts | US$0.005/share | $10 | Well-funded professional investors |
| Firstrade | Zero commissions, beginner-friendly | No fee | $25 | Dividend investors, long-term investors |

### Opening and Trading Process for Overseas Brokers

**Account Opening**

Using Mitrade as an example, registration is very simple—just fill in email, set a password, choose trading currency, and you can immediately open a demo account for practice without depositing funds.

**Verification and Deposit**

After completing KYC, you can start real trading. Deposit methods include Skrill, Poli, credit cards(Visa/Mastercard), or international wire transfer. The low minimum deposit (US$50) makes it accessible for small investors.

**Searching and Trading**

Once logged in, enter the stock name or code in the search bar to find the target and start trading.

### Conclusion

Taiwanese investors who want to trade stocks, bonds, or futures must open accounts with securities firms. Domestic brokers offer convenience, safety, and low Taiwan stock transaction fees, suitable for those mainly investing in Taiwan stocks. However, for US, Hong Kong, and other overseas markets, directly using international broker platforms is often more cost-effective and efficient.

When choosing a broker, consider multiple factors such as fee discounts, trading software experience, securities availability, and margin interest rates, rather than focusing on a single aspect. Each broker has its pros and cons; finding the platform that best matches your investment style and capital scale is key to making the best decision. Wishing everyone success in finding their ideal investment partner!