Forex Brokers That Accept Korean Won (KRW) Deposits
Two brokers we cover publish a Korean won (KRW) bank-transfer deposit on their official pages: Axi (local bank transfer, ₩15,000 to ₩6,500,000, instant, no fee, on its Korean deposits page) and LandPrime (domestic bank via Payda, ₩50,000 to ₩10,000,000, within an hour, no fee). Neither offers a KRW-denominated trading account in the pages we read, so won is converted on the way in. Avoid third-party 'won deposit agents' who take your money into a personal account: mismatched names and untraceable payments lead to refused withdrawals and frozen bank accounts.
Who this guide is for
This guide is for people living in South Korea, Korean or foreign, who want to know whether an offshore broker can be funded in won. Start with the legal position: the Korea Financial Investment Association says individuals must trade FX margin through a domestic investment broker and that trading directly with an overseas financial investment firm is illegal under the Capital Markets Act (KOFIA). See is offshore forex trading legal? and our South Korea page. Nothing below changes that.
Brokers that publish a KRW deposit method
| Broker | Method | Min | Max | Fee | Time | Source |
|---|---|---|---|---|---|---|
 Axi |
Local bank transfer (KRW) | ₩15,000 | ₩6,500,000 | None | Instant | Axi Korea, Asia deposits |
 LandPrime |
Domestic bank via Payda (KRW) | ₩50,000 | ₩10,000,000 | None | Within 1 hour | LandPrime deposits (Korean) |
Both pages were read on 2 November 2026. Notes:
- Axi: international clients deal with AxiTrader LLC in St Vincent and the Grenadines, which Axi says isn’t covered by negative balance protection. Axi’s global help centre also lists local transfers for South Korea and local payment agents among regional methods. See Axi deposits and is Axi safe?.
- LandPrime: run by Land Prime Ltd (FSC Mauritius) with a St Vincent company; its website is published in Korean only. Its ₩50,000 minimum for won is higher than its $10 Standard account minimum. See the LandPrime review.
Other brokers. XM, Vantage and others show country-specific payment methods only after login, so check the client area for a won option before you register. Titan FX’s accounts are in USD, EUR, JPY or SGD, with no KRW account.
Three ways people fund in won
| Route | How it works | Main risks |
|---|---|---|
| Broker’s own KRW method | Choose KRW in the broker’s client area; usually a payment processor collects the won | Processor fees, exchange rate, whether withdrawals come back the same way |
| Third-party “won agent” | Send won to an individual or company account; the agent funds your broker account | Name mismatch, agent disappears, your bank account frozen, legal exposure |
| Workaround via crypto | Buy USDT with won on a Korean exchange, send it to the broker | Exchange withdrawal rules, choosing the wrong network |
The crypto route is covered in crypto deposits explained; cards and international wires in deposit methods explained.
Why to avoid won deposit agents
- Names don’t match. Brokers require deposits and withdrawals in your own name. Money arriving from a third party can lead to a refused withdrawal: see why withdrawals get refused.
- No proof the money arrived. If the agent takes your won and doesn’t fund the account, there’s almost nothing you can do.
- Frozen bank accounts. Payments to unknown personal accounts can get caught up in fraud reports, and your own account may be frozen.
- Legal risk. KOFIA describes cases where pooling money domestically for overseas FX margin trading breached the Capital Markets Act, foreign exchange regulations and the Real-Name Financial Transactions Act.
If you use a broker’s own KRW method
- Make sure the payment page opens inside the broker’s client area, not from bank details sent over a messenger.
- Note the recipient name and payment processor shown.
- Check the exchange rate and fees, and whether withdrawals can come back in won by the same route.
- Start small: deposit, then withdraw, before moving larger amounts.
Reporting and tax
Large balances held abroad can trigger Korea’s overseas financial account report (over ₩500 million on any month-end): see when Korean residents must report offshore accounts. Trading profit is taxed separately: forex tax guide.
Related
- Forex Deposit Methods Compared: Card, Bank and Crypto
- How to Fund a Forex Account With USDT
- bitwallet for Forex Deposits and Withdrawals: How It Works
- Forex Withdrawal Problems: Causes and Fixes
- Why Brokers Reject Withdrawals and How to Avoid It
- Forex Trading Tax: What You Owe by Country
- Japan's ¥200,000 Rule for Offshore Forex Profits Explained
- Offshore Forex Losses in Japan: Carry-Forward and Offset Rules
- Deductible Expenses for Offshore Forex Traders in Japan
- When Korean Residents Must Report Offshore Forex Accounts
- Funding a Forex Account by Credit Card: What to Know
- Do Offshore Brokers Ask Japanese Clients for a My Number?
- Funding a Forex Account in Thai Baht: PromptPay and Thai Banks
- Funding a Forex Account in Ringgit: FPX, DuitNow and Local Banks
- Funding Forex in Indonesian Rupiah: Banks, QRIS and E-wallets
- Forex Glossary
Frequently asked questions
Which offshore brokers accept KRW deposits?
Among those we cover, Axi's Korean deposits page lists KRW local bank transfer (₩15,000–₩6,500,000), and LandPrime's Korean deposit page lists KRW domestic bank transfer via Payda (₩50,000–₩10,000,000). Other brokers' country-specific methods are only visible after login.
Can I hold my trading account in won?
We didn't find a KRW account currency at the brokers we cover. Titan FX, for example, offers USD, EUR, JPY or SGD accounts. Won deposits are converted, so check the rate and any conversion cost.
Are won deposit agents safe?
No. You send won to a third party's personal or company account and trust them to fund your broker account. If they don't, you have almost no recourse, and payments in someone else's name are a common reason for refused withdrawals.
Is it legal for Korean residents to fund an offshore broker?
The Korea Financial Investment Association says individuals must trade FX margin through domestic brokers and that trading directly with overseas firms is illegal. Read our legal-status guide before funding.
