The Chinese language is the official language of China, Taiwan and Singapore and is also known as Mandarin. The Chinese language is spoken by over 1.2 billion people, and has various forms, one of which is “simplified Chinese.” The Simplified Chinese language is very popular among online trading brokerages as the language is spoken and used by many. Chinese speaking traders should have no problem finding a reputable trading brokerage to trade with, as they have many options available to them from China and surrounding countries. As well, the big international trading brokerages often support the simplified Chinese language also.show more
Commonly Accepted Currencies
Most Chinese speaking brokerages accept the Chinese renminbi, also known as the Chinese yuan, as a viable currency for deposits and withdrawals. This is due to the vast majority of Chinese speaking people being from China. However, many Chinese speaking brokerages will also accept other currencies due to the language being used all over the world. Additional supported currencies that are commonly accepted include the Japanese yen, the Hong Kong dollar, the US dollar and the UK pound. If you are ever unsure of which currencies a specific Indonesian trading brokerage accepts, simply navigate to their banking page or FAQ section on their website, here you should be able to find a list of supported currencies.
Chinese speaking brokerages who are based in China tend to only accept traders from China due to the governments regulatory rules. However, some Chinese supported brokerages will accept traders from all over the world, making them international trading brokers. Some of these commonly accepted countries include, Japan, Hong Kong, South Korea, Taiwan, the Philippians. As well, Chinese speaking traders residing in Europe and North America are accepted by some Chinese speaking trading brokers. To see if a Simplified Chinese language supported trading brokerage is accepted in your country, simply navigate to the registration page by clicking on the country menu. Alternatively, you can contact the support department and get an answer from a representative, or check out the FAQ page.
Most online trading brokerages that offer their services in simplified Chinese do so in other languages as well. The most common languages supported along with simplified Chinese include Traditional Chinese, Japanese, Spanish, English, Korean, and Malaysian. Traders can usually determine which languages a trading brokerage offers by toggling the country flag that is shown in the top right-hand corner of the brokerages website. Most online trading brokerages have this option. Alternatively, supported languages can usually be found at the bottom of a website or on the contact page as well.
Chinese Banking Options
Online trading brokerages supporting the simplified Chinese language usually offer their traders a variety of banking options for deposits and withdrawals. Some common deposit methods include e-wallets, credit cards and debit cards, cheques, bank transfers, international wire transfers, and special money transfer services. Additionally, some local or regional methods will be available to traders located in the same jurisdiction as the trading brokerage. In China, traders are limited to banking with online Chinese supported bank accounts. As for other countries, they may have more options available to them.