Best Forex Brokers in Japan 2019

FX Empire Editorial Board
Last Update:
At FX Empire, we stick to strict standards of a review process. Learn about our review process. FX Empire may receive compensation. Here’s how we make money.
Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

FBS

Regulated By:CySEC, IFSC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$1

Visit Broker

Your capital is at risk

Your capital is at risk

Oanda

Regulated By:CFTC, DFSA, FSA, IIROC, MAS, NFA

Foundation Year:2001

Headquarters:N/A

Min Deposit:$1

Visit Broker

Your capital is at risk

Your capital is at risk

Alpari

Regulated By:FSC

Foundation Year:1998

Headquarters:N/A

Min Deposit:N/A

Visit Broker

Your capital is at risk

Your capital is at risk

ATFX

Regulated By:FCA

Foundation Year:2014

Headquarters:N/A

Min Deposit:$100

Visit Broker

Your Capital is at Risk

Your Capital is at Risk

AvaTrade

Regulated By:ASIC, BVI, CBI, FSA(JP)

Foundation Year:2006

Headquarters:Five Lamps Place, 77-80 Amiens Street, Dublin 1, DO1A742, Dublin, Ireland

Min Deposit:$100

Visit Broker

Your capital is at risk

Your capital is at risk

Forex Brokers in Japan Comparison Table

Scroll for more details
BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
FBS
Visit Broker>

Your capital is at risk

CySEC, IFSC

$1

1:3000

MT4, MT5

2009

ECN, No dealing desk, STP

Visit Broker>

Your capital is at risk

Visit Broker>

Your capital is at risk

CFTC, DFSA, FSA, IIROC, MAS, NFA

$1

1:50

MT4, Oanda fxTrade

2001

Market Maker, No dealing desk

Visit Broker>

Your capital is at risk

Alpari
Visit Broker>

Your capital is at risk

FSC

$null

1:1000

MT4, MT5

1998

ECN, STP

Visit Broker>

Your capital is at risk

ATFX
Visit Broker>

Your Capital is at Risk

FCA

$100

1:200

MT4

2014

No dealing desk, STP

Visit Broker>

Your Capital is at Risk

AvaTrade
Visit Broker>

Your capital is at risk

ASIC, BVI, CBI, FSA(JP)

$100

1:30

ActTrader, MT4, MT5, Proprietary, Zulutrade

2006

Dealing Desk, Market Maker

Visit Broker>

Your capital is at risk

Introduction to Forex Brokers in Japan

General Regulation & Japan Regulation

Tokyo is one of the major forex trading hubs in the Asian region. Margin forex trading in Japan is conducted both on the OTC markets as well as on the Tokyo Financial Exchange (TFX). Exchange traded forex on the TFX was pioneered by Click 365 and is the only STP brokerage model available to Japanese forex traders.

Regulation of forex brokers in Japan is conducted by the Japanese Financial Services Authority (JFSA). There is also a second watchdog in the industry, the Financial Futures Association of Japan (FFAJ). The focus of these two agencies is to provide a home-grown forex trading environment which is better suited to the Japanese population. As such, there are some differences in how forex brokerage business is conducted in Japan when compared with the rest of the world.

For instance, retail forex leverage provision was reduced to 25:1 in 2011, one of the lowest in a forex world where leverage of 400:1 is still being provided in some countries. This makes it much more expensive to trade retail forex in Japan than in Europe or the US. Small business and corporate forex accounts are also due to be subjected to lower leverage, and these will be applied differentially across several currency pairs.

Trading Platform & Software

The uniqueness as well as closed nature of Japan’s forex market has forced many Japan forex brokers to adopt proprietary technology in developing their own trading platforms. This is because many of the turnkey platforms solutions available in Europe and other jurisdictions do not meet the regulatory requirements of the JFSA.

Japanese forex traders will therefore see more proprietary trading platforms such as the ST24 platform and the RoboX platform.

Commissions & Spreads

Forex brokers in Japan charge spreads as low as 0.3 pips, but only on the USD/JPY currency pair. Spreads on other currency pairs can be as high as 4.8 pips on the CAD/JPY currency pair. Most Japanese forex brokers do not offer CFD trading. It is unusual to see forex brokers in Japan offering more than 20 currency pairs.

Account Types

There is not much information on the account types traders are allowed to own. However, there are no bonuses provided as this is against JFSA rules. Negative balance protection is also not allowed. Hedging, scalping, arbitrage and trading with robots are all outlawed.

Customer Service

Since most brokers attend to local Japanese traders and not to an international market, most customer service is provided in Japanese. Only a few platforms provide an English Language interface.

Additional Services

Forex trading operates at a limited scope in Japan. Forex brokers do not provide additional services aside from forex trading.

The JFSA is very strict on the regulation of forex brokers. The origin behind this stems from the banking crisis that the country suffered in the 1990s. In order to combat a situation where Japanese investors lose money, the JFSA has internalized forex trading to suit the investors and expects forex brokers to adapt accordingly. This is why the JFSA applies restrictions on marketing of forex to Japanese forex traders by offshore brokers.

Conclusion

We present a list of Japanese forex brokers which are suitable for you as they meet our conditions of reliability, service delivery and which comply with JFSA standards.