5 Best Forex Brokers in Japan
Last Update: March 13th, 2024
The 5 best Forex brokers in Japan revealed. We have explored and tested several prominent brokers to identify the 5 bests.
In this in-depth guide you’ll learn:
- Who is the Best Suited Broker for Beginner Japanese Traders?
- Pros and Cons of Forex in Japan.
- JPY Accounts and how they work.
- Is Forex Brokers Legal in Japan?
- Popular FAQs about the best Forex brokers in Japan.
And lots more…
Let’s dive right in…
🏆 10 Best Forex Brokers
Broker Review Regulators Min Deposit Website 🥇 
Read Review ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA USD 100 Visit Broker >> 🥈 
Read Review FMA, FSA USD 50 Visit Broker >> 🥉 
Read Review FSCA, CySEC, DFSA, FSA, CMA USD 0 Visit Broker >> 4 
Read Review SFSA, FSCA, CySec* USD 5 Visit Broker >> 5 
Read Review FCA, CySEC, FSCA, SCB USD 100 Visit Broker >> 6 
Read Review FCA, FINMA, FSA, ASIC USD 0 Visit Broker >> 7 
Read Review CySEC, FCA, FSA, FSCA, Labuan FSA USD 100 Visit Broker >> 8 
Read Review Not Regulated 0.001 BTC Visit Broker >> 9 
Read Review ASIC, CySEC, FSCA, CMA USD 100 Visit Broker >> 10 
Read Review CySEC,MISA, FSCA USD 20 Visit Broker >>
What is a Forex broker in Japan?
Forex traders in Japan often opt for international brokers due to broader access to global markets, diverse trading instruments, advanced trading technology, and competitive pricing. Additionally, international brokers may offer better regulatory frameworks, and advanced analytics.
5 Best Forex Brokers in Japan (2024*)
- ☑️AvaTrade – Award-Winning Broker in East Asia.
- ☑️Plus500 – Lowest Overall Costs in Japanese Yen.
- ☑️XM – Excellent Offering in Japan.
- ☑️Exness – High Japanese Trust Score.
- ☑️Interactive Brokers – Best Mobile Trading Experience in Japan.
5 Best Forex Brokers in Japan
| 👥 Brokers | 👉 Open Account | 💰 Minimum Deposit | ⚖️ Regulators | ✔️ Accepts Credit Cards |
| 1. AvaTrade | 👉 Open Account | JPY 15,065.10 or $100 | Central Bank of Japan (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA | ✔️ |
| 2. Plus500 | 👉 Open Account | JPY 15,065.10 or $100 | CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA | ✔️ |
| 3. XM | 👉 Open Account | JPY 753.48 or $5 | FSCA, IFSC, ASIC, CySEC, DFSA | ✔️ |
| 4. Exness | 👉 Open Account | Based on chosen regional deposit method | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | ✔️ |
| 5. Interactive Brokers | 👉 Open Account | There is no specific minimum deposit required | SEC, CFTC, FCA, SEBI | ✔️ |
The 5 Best Forex Brokers in Japan
Below are our top picks for the 5 best Forex brokers that accept traders in Japan.
AvaTrade
Overview
AvaTrade is an appealing choice for traders in Japan, offering a combination of regulatory reliability, global presence, and comprehensive trading experience.
Regulated by the Japanese Financial Services Agency (JFSA), AvaTrade ensures compliance with stringent standards, instilling trust and confidence among Japanese traders. Its global offices in Japan further solidify its commitment to serving the local market effectively.
AvaTrade’s platform provides access to a wide range of financial instruments, including forex, stocks, commodities, and cryptocurrencies, catering to diverse trading preferences.
With user-friendly interfaces and advanced trading tools, such as AvaProtect and AvaSocial, traders can manage risk effectively and engage in social trading activities.
AvaTrade’s multilingual customer support ensures that Japanese traders receive assistance in their preferred language, fostering a seamless trading experience.
Unique Features
| Feature | Information |
| ⚖️ Regulation | Central Bank of Japan (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA |
| 💻 Account Types | Retail Account, Professional Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | JPY 15,065.10 or $100 |
| 📱 Platforms Supported | AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 📈 Range of Markets | Forex Stocks Commodities Cryptocurrencies Treasuries Bonds Indices Exchange-Traded Funds (ETFs) Options Contracts for Difference (CFDs) Precious Metals |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Instagram YouTube |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| AvaTrade's diverse trading tools, which include FX pairings, equities, commodities, indices, and cryptocurrencies, help clients build diversified investment portfolios. | AvaTrade's spreads may be bigger than those of other brokers, resulting in higher trading costs, particularly for active traders. |
| ZuluTrade and AvaTrade's connection simplifies social trading by allowing users to evaluate and replicate successful traders' tactics. | Furthermore, the platform may only offer a limited amount of research and analytical tools, making it impossible for some traders to conduct extensive market research. |
| AvaProtect provides improved technical analysis and charting, while AvaSocial and AvaTradeGo streamline social and mobile trading, respectively. | It may be difficult for new traders to understand how to use all the platform's features and chances. |
| To provide its customers with a stable and secure trading environment, AvaTrade follows the regulations established by regulatory bodies such as the Central Bank of Japan and the Financial Services Commission of the British Virgin Islands. | |
| AvaTrade provides traders with a wide selection of educational tools, including webinars, seminars, and market research, all designed to help them understand the market better. |
Trust Score
AvaTrade has a high trust score of 96%
Plus500
Overview
Plus500 offers a range of features that make it an attractive option for traders in Japan. Plus500’s user-friendly platform provides access to a diverse array of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies, catering to the varied trading interests of Japanese traders.
Plus500’s intuitive interface and comprehensive charting tools enable traders to conduct thorough technical analysis and make informed decisions.
Plus500 is regulated by multiple reputable authorities globally, providing Japanese traders with a sense of security and trust in the platform’s reliability. The availability of a mobile app ensures flexibility and convenience, allowing traders to access their accounts and execute trades on the go.
Plus500’s competitive pricing and transparent fee structure appeal to cost-conscious traders in Japan. Combined with multilingual customer support and a responsive service team, Plus500 offers a compelling package for Japanese traders seeking a reliable and feature-rich trading platform.
Unique Features
| Feature | Information |
| ⚖️ Regulation | CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA |
| 💻 Account Types | Retail trading account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | JPY 15,065.10 or $100 |
| 📱 Platforms Supported | WebTrader |
| 📈 Range of Markets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Facebook Telegram YouTube |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Plus500 offers traders customisable trading platforms that are filled with functionality, making it simple to use and customize strategies. | Although Plus500 features an easy-to-use interface, the platform lacks comprehensive educational resources, limiting traders' ability to expand their knowledge and talents. |
| Traders have access to a large range of financial instruments, including FX pairs, equities, indices, commodities, and cryptocurrencies, giving them a variety of trading opportunities. | Plus500 may have fewer resources for market analysis and research tools than its competitors, which could disadvantage traders who rely on such data to make informed judgments. |
| Plus500's advanced trading features, such as customizable price alerts, guaranteed stop orders, and rich charting tools, provide traders with increased control and analytical capacity. | Plus500 levies inactivity fees on inactive accounts, which may hinder traders who trade infrequently. |
| Plus500's regulation by recognized financial institutions such as the FCA, ASIC, and CySEC ensures the security of traders' funds, providing users with trust and peace of mind. | Even though the platform offers email and live chat assistance, some traders may become upset and have a negative experience with the platform due to a lack of phone support, especially during an emergency. |
Trust Score
Plus500 has a trust score of 85%
XM
Overview
XM provides a tailored experience for traders in Japan by offering JPY-based trading accounts and accepting deposits in Japanese Yen.
This feature eliminates the need for currency conversions, simplifying the trading process and minimizing costs for Japanese traders.
XM’s user-friendly platform offers access to a wide range of financial instruments, including forex, stocks, commodities, and indices, catering to diverse trading preferences.
XM’s platform is equipped with advanced trading tools, such as technical analysis resources and customizable charting capabilities, empowering Japanese traders to make informed decisions.
With regulatory oversight from reputable authorities, XM ensures compliance with stringent standards, fostering trust and confidence among Japanese traders.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSCA, IFSC, ASIC, CySEC, DFSA |
| 💻 Account Types | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | JPY 753.48 or $5 |
| 📱 Platforms Supported | MetaTrader 4, MetaTrader 5, XM Mobile App |
| 📈 Range of Markets | Forex, Cryptocurrencies, Stock CFDs, Commodities, Equity Indices, Precious Metals, Energies, Shares |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Facebook YouTube |
👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| XM provides its customers with a diverse choice of trading options on international exchanges. | Because XM offers fewer cryptocurrency options than its competitors, traders looking for a wider selection of crypto assets may struggle to find what they're looking for. |
| With XM's cent account, new traders can begin trading with a small investment and dramatically reduce their risk exposure. | Penalties for inactive accounts make it tough for traders who trade seldom. |
| Because of its competitive margins, XM's platform increases both cost effectiveness and profit potential for traders. | XM's shifting spreads may appear wider during volatile market conditions, distorting traders' cost calculations. |
| XM offers a wide range of training tools, including webinars and seminars, to help traders improve their trading skills. | XM's deposit bonuses are not necessarily fixed, unlike those of some of its competitors, thus traders looking for more rewards may be turned off. |
| XM offers outstanding multilingual customer service support. | The many account types offered by XM have different cost structures, which may cause confusion and concern for some traders. |
Trust Score
XM has a high trust score of 90%Top on Form
Exness
Overview
Exness stands out as an attractive option for Japanese traders due to its exceptionally low spreads, particularly beneficial for those engaged in active trading strategies.
With spreads starting as low as 0.0 pips on major currency pairs, Exness provides a cost-effective environment conducive to frequent trading activities.
Exness offers a user-friendly platform with access to a wide range of financial instruments, including forex, metals, energies, cryptocurrencies, and indices, catering to diverse trading preferences.
The platform is equipped with advanced trading tools and analytics, empowering Japanese traders to make informed decisions and execute their strategies effectively.
Unique Features
| Feature | Information |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 💻 Account Types | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | Based on chosen regional deposit method |
| 📱 Platforms Supported | MetaTrader 4 MetaTrader 5 Exness Terminal Exness Trade app |
| 📈 Range of Markets | Forex Metals Crypto Energies Indices Stocks |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Instagram YouTube |
| 👉 Open Account | https://www.fxleaders.com/exness |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Any trader can modify leverage to suit their trading style and risk tolerance. | Exness operates in multiple regions, each with its own set of limitations. |
| Before making genuine investments, traders can open a trial account to get experience with virtual funds. | Some analysts argue that, while the platform provides a diverse set of trading items and capabilities, it falls short of other specialty platforms. However, this figure only includes a small percentage of traders. |
| Exness has been praised for fully revealing all trading terms, expenses, and spreads. | Even with the best intentions, customer service representatives are not always available. This could result in disparities in the quantity and quality of their responses. |
| Exness does not charge for deposits or withdrawals. | Unlike their competitors, some traders may be discouraged from utilizing the UI because to its potential complexities and sophistication. |
| There are local options for deposits and withdrawals. | Exness's single focus on FX and CFDs may dissuade potential investors seeking a broader range of investment opportunities. |
Trust Score
Exness has a trust score of 97%
Interactive Brokers
Overview
Interactive Brokers (IB) offers a comprehensive suite of features tailored to meet the needs of traders in Japan. With access to a vast array of global markets, including stocks, options, futures, currencies, and bonds, Japanese traders benefit from diversified investment opportunities.
IB’s sophisticated trading platform provides advanced tools for analysis and execution, empowering traders to implement complex strategies with ease.
IB’s competitive pricing structure, including low commissions and tight spreads, appeals to cost-conscious traders in Japan.
Interactive Brokers’ reputation for reliability and security, backed by regulatory oversight from reputable authorities, instills confidence among Japanese traders.
With multilingual customer support and a commitment to technological innovation, Interactive Brokers remains a top choice for traders in Japan seeking a comprehensive and reliable trading experience.
Unique Features
| Feature | Information |
| ⚖️ Regulation | SEC, CFTC, FCA, SEBI |
| 💻 Account Types | Individual, Joint, Trust, IRA. Non-Professional Advisor. Family Office. Advisor. Advisor Client (including Non-Professional Advisor and Family Office) Broker Client. EmployeeTrack. |
| 💵 Minimum Spread | From 0.0 pips |
| 💸 Minimum Deposit | There is no specific minimum deposit required |
| 📱 Platforms Supported | IBKR |
| 📈 Range of Markets | Global stocks, options, futures, currencies, cryptocurrencies |
| 📊 Demo Account | Yes |
| ✴️ Social Trading Offered | Facebook YouTube |
| 👉 Open Account | 👉 Open Account |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Interactive Brokers allows traders to diversify their portfolios across many asset classes by giving them access to a wide range of foreign marketplaces, including equities, bonds, currencies, futures, and options. | Understanding and using complex trading platforms and tools may prove difficult for inexperienced traders. |
| Interactive Brokers' trade platforms, including as Trader Workstation (TWS) and IBKR Mobile, offer traders a variety of analysis and execution capabilities. | Despite their modest fees, some traders may find Interactive Brokers' cost structures confusing because to the many fees for different types of accounts and services. |
| For active traders, particularly those with large volume, Interactive Brokers offers competitive commission rates and simple pricing structures, which may result in lower overall trading costs. | Compared to other brokers, Interactive Brokers has tougher minimum balance limits for several account types, preventing traders with lower account balances from using the service. |
| To help traders make sound investment decisions, Interactive Brokers provides a wealth of research and analytical materials, such as research papers, technical analysis, market commentary, and fundamental data. | Even while Interactive Brokers offers customer service via phone, email, and live chat, some traders may believe that the amount of personal attention or service is lesser than at smaller brokerages. |
| Interactive Brokers offers risk management solutions such as portfolio margining, risk-based margining, and real-time margin computations to assist traders in managing and mitigating risk. | When compared to other brokers, Interactive Brokers may provide less tutorials and educational materials, requiring beginning traders to seek additional assistance and resources. |
Trust Score
Interactive Brokers has a trust score of 95%
Conclusion
With access to global markets, advanced trading tools, competitive pricing, and regulatory oversight, Japanese traders can navigate the complexities of the Forex market effectively and capitalize on diverse trading strategies.
Frequently Asked Questions
How do I choose a reputable forex broker in Japan?
Look for brokers regulated by the FSA or JFSA, with a track record of reliability, transparent pricing, good customer support, and a user-friendly trading platform tailored to Japanese traders.
What factors should I consider when comparing forex brokers in Japan?
Key factors include regulation, trading costs (spreads, commissions), available trading platforms, customer service quality, range of tradable instruments, and deposit/withdrawal methods.
What are the typical trading conditions offered by forex brokers in Japan?
Trading conditions may include tight spreads, competitive leverage, access to major currency pairs, and a variety of trading tools and indicators.
Are there any restrictions on leverage for forex trading in Japan?
Yes, leverage restrictions are imposed by the regulatory authorities in Japan to protect traders. The maximum leverage allowed varies depending on the currency pair and the trader’s experience level.
Can I trade forex with the Japanese yen (JPY) as the base currency?
Yes, many forex brokers in Japan offer the option to trade forex with JPY as the base currency, providing convenience for Japanese traders.
Top 4 Brokers
