Best Forex Brokers in Japan 2022


Looking for the best Forex brokers in Japan? Look no further! In this article on AtoZ Markets, we will discuss the top Forex brokers in Japan and what you should look for when choosing a broker. We will also provide a list of our top picks for Japanese traders. So, whether you are just starting out or are looking for a more advanced broker, we have you covered.

How to Choose Forex Brokers in Japan?

The first thing you should look for when choosing a Forex broker is regulation. Regulation ensures that your broker is legitimate and that your money is safe. The two main regulatory bodies in Japan are the Japanese Financial Services Agency (FSA) and the Financial Futures Association of Japan (FFAJ). Both of these organizations are responsible for regulating the financial markets in Japan.

When it comes to choosing a Forex broker, you will also want to consider their trading platform. A good trading platform will be user-friendly and offer all of the features and tools that you need to trade effectively. Some of the things you may want to look for include: charting tools, real-time quotes, news feeds, and market analysis.

Now that we have covered some of the things to look for in a Forex broker, let's take a look at our top picks.

Financial Services Agency in Japan

The Financial Services Agency in Japan is a government agency that regulates the financial services industry. The agency was established in 2000, and its role is to protect consumers and promote the stability of the financial system.

The Financial Services Agency oversees banks, securities companies, insurance companies, and other financial institutions. The agency also works to prevent money laundering and terrorist financing. In addition, the Financial Services Agency regulates the sale of financial products, such as insurance and investment products.

The Financial Services Agency is headquartered in Tokyo, and it has offices in all prefectures of Japan. The agency employs about two thousand people.

The agency's website provides information on its functions, organisation, and contact information. The website also has a section on consumer protection. This section provides information on how to file a complaint against a financial institution, and how to get help if you are a victim of fraud or money laundering.

The Financial Services Agency in Japan plays an important role in protecting consumers and promoting the stability of the financial system. If you have any questions or concerns about the financial services industry, you should contact the agency.

The Financial Services Agency also provides financial education resources on its website. The agency offers a variety of publications and videos on topics such as saving money, choosing a financial institution, and understanding investment products. The agency also has an online learning center where you can take courses on financial topics. These courses are offered in both English and Japanese.

Forex Trading in Japan: The Legal Facts

When it comes to financial trading, Japan is a hot topic. And for good reason – the country is home to some of the most active traders in the world. But what about forex trading specifically? Is it legal in Japan? 

First, a brief overview of forex trading in Japan. The Japanese forex market is one of the most liquid and active in the world, with a daily trading volume of over $300 billion. Japanese traders have access to a wide range of currency pairs, including all major pairs as well as many exotic and emerging market currencies. Japanese brokers offer competitive spreads and leverage, and the country's regulatory environment is generally seen as business-friendly.

So, with that out of the way, let's get to the question at hand: is forex trading legal in Japan? The answer is yes! Forex trading is legal in Japan and it is regulated by the Japanese Financial Services Authority (JFSA). The JFSA is the primary financial regulator in Japan and it oversees all financial services firms, including forex brokers.

The JFSA's regulations are designed to protect investors and ensure that the financial markets operate in a fair and transparent manner. For example, all forex brokers in Japan must be registered with the JFSA and they must comply with strict financial reporting and capital requirements. In addition, the JFSA imposes certain restrictions on leverage and margin trading, which are designed to protect investors from excessive risk-taking.

Overall, the legal landscape surrounding forex trading in Japan is very favourable for traders. The country has a well-regulated market with a wide range of currency pairs and competitive brokerages. So if you're looking to start trading forex, Japan is definitely a good place to do it!

JFSA Regulated Forex Brokers

The FSA is a government body that supervises and inspects financial institutions in Japan. All registered financial institutions must comply with the FSA's regulations.

The FSA's regulation of forex brokers is meant to protect investors from fraudulent and illegal activities. Forex brokers must meet certain financial and legal requirements in order to be registered with the FSA.

The FSA's regulation of forex brokers has made Japan one of the safest places to trade forex. If you are a forex trader looking for a safe and regulated broker, then you should definitely consider a Japanese forex broker.

Best Forex Brokers in Japan

Here is a list of Top two FSA regulated forex brokers in Japan:

1. AvaTrade

Our first FSA Japan regulated forex broker is AvaTrade. AvaTrade was established in 2006. Avatrade has proven itself to be an industry leader in the financial sector online and has a long history of customer satisfaction.

AvaTrade logo

image credit: AvaTrade

AvaTrade Regulations

AvaTrade has been licensed by and monitored by various regulatory authorities across the globe:

Ireland as well as Cyprus: Avatrade is regulated by the Central Bank of Ireland and Cyprus Securities and Exchange Commission in Europe.

Poland: AvaTrade is regulated by the Polish Financial Supervision Authority.

Australia: AvaTrade is regulated by ASIC in Australia.

The Global AvaTrade has been supervised by the British Virgin Islands Financial Services Commission for its global operations.

Japan: AvaTrade is regulated by the Financial Services Agency and Financial Futures Association of Japan in Japan.

Middle East: AvaTrade is subject to the supervision of Financial Regulatory Services Authority (FRSA) for the Middle East

Israel: AvaTrade is regulated by the Israel Securities Authority in Israel.

AvaTrade Trading Platforms

The broker provides a variety of trading platforms that are manual that include a well-known MetaTrader 4. MetaTrader 5 WebTrader, AvaOptions for options trading as well as AvaTradeGo for trading on the go.

Automated trading is supported by DulpiTrade as well as ZuluTrade.

AvaTrade Products

They provide an array of 55 Forex pairs, 14 cryptocurrencies, CFDs of Stocks of major corporations around all over the globe, ETF, Bonds, Indices and Commodities. Spreads for brokers start at zero, and leverage can be at 1:400.

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Costs of AvaTrade

AvaTrade is free of fees or charges on transactions or trades. Profits are earned through swaps and spreads derived in the trading itself.

The minimum deposit amount is 100 dollars in your base currency.

When you withdraw funds to credit cards or E-wallets, the minimum amount is one base currency for the account. When making a bank transfer withdrawal, the minimum amount is 100 base currencies.

AvaTrade Customer Support

The broker offers live chat support via chatbot and live agent. They also provide WhatsApp support and phone support available 24 hours a day. I've checked their chat live. They are extremely prompt in responding.

Read Full Review of AvaTrade

Pros and Pros and AvaTrade

Pros

√ A broad range of instruments are offered that include Cryptocurrencies, Stocks, Commodities.

√ Multi-platform trading platform including the highly acclaimed AvaTradeGO application.

√ AvaTrade is a partner with EAs

√ They are competitive in spreads and leverage

√ The client's funds are stored in separate accounts for more security.

√ AvaTrade is licensed in Europe, Australia, Japan, British Virgin Islands, UAE and South Africa.

√ Customer support is very quick to respond.

Cons

- AvaTrade does not provide services to Belgium, Brazil, Democratic People's Republic of Korea (DPRK), New Zealand, Turkey, USA.

- Support by phone is not available 24/7.

If you'd like to try it using AvaTrade You can do so by clicking the following link:

Trade Forex with AvaTrade

2. Dukascopy

Dukascopy Bank SA was established in 1998 and provides bank and online trading services in different countries. In our Dukascopy review, we will try to provide all you need to know about this company before making your decision today. In August of 2015, Dukascopy Bank acquired 100 percent of Alpari Japan K.K., licensed as a Type-1 Japanese broker located in Tokyo that has been renamed Dukascopy Japan K.K. 

Dukascopy

image credit: Dukascopy

Dukascopy Regulations

Dukascopy is a multi licensed forex broker. It's licensed and regulated by different reputable regulatory authorities around the world:

Switzerland: Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority (FINMA)

EU: Dukascopy is also regulated by the European Union Markets in Financial Instruments Directive (MiFID).

Latvia: Dukascopy Europe IBS AS is an EU licensed investment brokerage company based in Riga, Latvia, regulated by the Financial and Capital Market Commission of Latvia (FCMC).

Japan: Dukascopy Japan K.K. is a Type-1 licensed broker located in Tokyo, Japan, regulated by the Financial Services Agency of Japan (JFSA).

Dukascopy Trading Platforms

The most popular platform for Dukascopy is JForex. It's a web-based and desktop platform that runs on Windows and Mac. Dukascopy also offers iPhone, iPad and Android applications. Some forex traders prefer MetaTrader4, some prefer the MetaTrader4 platform, which is why they also work with MetaTrader4.

JForex Desktop is packed with trading tools, and is simple to use. It's ideal for traders who trade in technical areas with tools for drawing and 291 indicators to help with technical trading as in addition to the ability for the import of customized indicators.

Dukascopy Products

Dukascopy Japan currently offers over 120 currency pairs that have attractive spreads that allow you to take greater control over your trading.

The broker also offers CFDs on stocks, Commodities, Bonds, Indices and ETFs such as Eurostoxx50, CAC40 and Dow Jones among other things. The broker also offers crypto CFDs and binary options. Dukascopy also offers banking services.

For forex trading, Dukascopy offers two types of live Accounts. Forex ECN Accounts and Forex MT4 Accounts.

Average spreads for most currencies, like EUR/USD are approximately 0.3/0.4 pip. Maximum leverage for Forex trading is 1:200. 

Dukascopy Fees and Commissions

Account opening and closing fee is Zero. Account maintenance fee is 0 to 0.5 percent. The gold custody cost is 1 percent on the yearly balance. The fee for changing the address of a Blockchain wallet of 50$.

Foreign Currency Charge is 0.05% to 1% based on the value of currency that is converted.

Deposit fees for bank transfers are free. Payment by EEA card costs 1.5 percent. 2.5 percent for cards that are not EEA. Apple Pay and Skrill fee is 2.5 percent. Fee for Neteller is $1 or 2.5 percent. Bitcoins, Ether, Tether deposits are completely free.

When withdrawing money, the fee for bank transfer is different based on the currencies. The fee for crypto transfer is  $50, or 0.5 percent from your amount (whichever is the greater). For withdrawals made with cards, the fee will be $1.5 + 2.5%. For withdrawals made through Apple Pay, the fee is Nil. Skrill fees are 2.5 percent for withdrawal. Neteller fees are 1$ or 2.5 percent. For Bitcoins, Ether, Tether the fee for withdrawal is $30.

Dukascopy Customer Support

Dukascopy customer support is helpful. There are many ways to get in touch with them. You can contact them via their website live chat 24/5. You can also make the request to call you back. You can also submit a query on their website. They have phone numbers for different physical offices where you can call to get your issues solved.

Read Full Review of Dukascopy

Pros and Cons of Dukascopy

  • Pros

√ It provides users with up-to-the-minute quotes.

√ It gives permission to use algorithmic bots for automated trading.

√ Your funds are secure up to CHF 100,000.

√ They have their own trading platform JForex along with MetaTrader 4.

√ Over 500+ trading instruments

  • Cons

 - Leverage is very limited, only  up to 1:200 only.

- Payouts takes time

- Registration and KYC is a bit complicated and lengthy.

- No Two Factor Authentication

If you'd like to try it using Dukascopy You can do so by clicking the following link:

Trade Forex with Dukascopy

Conclusion 

That’s it for our list of the best Forex brokers in Japan. We hope you found this information helpful and that it will steer you in the right direction as you choose a broker to work with. Remember, it’s important to do your own research before deciding on a broker, and don’t be afraid to ask around for recommendations or read reviews online. Let us know which brokers you like the most in the comment section below.

Best Forex Brokers in Japan 2022

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