Japan is one of the world’s largest financial centres. In order to operate in Japan, all financial businesses, must obtain a JFSA license. The main purpose of this strict watchdog is to make sure the financial institutions are following the rules and that investors are, as a result, well protected. Here is a list of the 26 Best JFSA Regulated Forex Brokers.
This country has an impressive rate of economic growth. For 2019 it had a gross domestic product of US$5.51 trillion. This makes it an interesting market for investors all over the world.
The JFSA head office is situated in Tokyo which is home to the Tokyo Stock Exchange and is one of the largest foreign exchange trading markets in the world.
The JFSA (Japan Financial Services Agency), founded in 2000, is an independent governmental supervisory body accountable to the Minister of Financial Services.
They supervise both the Securities and Exchange Surveillance Commission and the Certified Public Accountants and Auditing Oversight Board.
Forex brokers wanting to do business in Japan must provide appropriate documentation for verification in order to be regulated by or obtain a license from the JFSA.
Forex brokers regulated by the JFSA are restricted to offering 25:1 leverage, no negative balance protection, no hedging or scalping, no signup bonuses and legally mandated margin amounts.
These strict limits lead to less risky behaviour on behalf of the trader and less profitability. As a result, Japanese Forex traders may prefer to open trading accounts with International Forex brokers who are less restricted.

Dukascopy Bank
Alpari Japan K.K was renamed Dukascopy Japan K.K. in 2015. Trading is offered through the Dukascopy’s proprietary trading technology.
Dukascopy Bank is based in Switzerland and is Head for the group which includes group entities, Dukascopy Europe and Japan.
Dukascopy is officially registered with the Swiss Financial Market (FINMA) Authority as Swiss Bank and Dukascopy Japan is regulated by the Financial Services Agency of Japan (JFSA).
Dukascopy offers both personal retail Forex trading and binary options accounts.
Features
- Numerous features and platforms
- 600+ tradable assets include Forex ECN trading
- Proprietary trading platform (JForex) is professional
- Large range of market research tools, trading contests and bonuses
Pros and Cons
Pros | Cons |
Demo accounts offered | Overwhelming website |
Customer support is good | Limited educational resources & products |
Strong regulation | Higher minimum deposit of $1000 |

XM Group
The XM Group is a group of regulated brokers trading online. They are regulated by top tier regulatory bodies namely: CySEC in Cyprus, ASIC in Australia and FCA in the UK.
The broker is considered a safe and reliable environment in which to trade.
They earn client loyalty from their 1.5 million clients in 196 countries through award-winning 24/5 personal customer service, varied account types and competitive trading conditions.
XM stands out for their customer service and educational support.
Features
- Access to research tools
- Personal account manager
- 55+ global currency pairs
- Wide range of trading instruments
- Social trading
- MetaTrader 4 platform
Pros and Cons
Pros | Cons |
Educational tools for beginners are great | Limited product portfolio |
Opening digital account is fast | Account fee for inactive traders |
Competitive spread | |
Easy set-up process |

AvaTrade
AvaTrade is based in Ireland with its head office in Dublin. It has offices around the world and were voted Best Overseas Forex Broker in Japan.
AvaTrade is regulated by the FSA (Financial Services Authority) & the FFAJ (Financial Futures Association of Japan).
They are an award-winning broker and offer a wide variety of instruments and platforms on which to trade.
Features
- Variety of instruments
- Platforms MT4 and MT5
- Mobile trading
- Advanced trading features and charts
- Offers auto trading with API into numerous platforms
Pros and Cons
Pros | Cons |
Fast and simple account opening
Deposit and withdrawal options are free Helpful research tools |
Limited instruments
Account inactivity fees are high |

Go Markets
Go Markets has its head office in Melbourne, Australia and is licensed by the ASIC (Australian Securities and Investment Commission).
The broker has grown consistently to become one of Australia’s leading brokers.
The broker contributes research tools that are invaluable to trade Forex and CFD assets efficiently.
Features
- STP offered
- Access to Genesis for MT4 and MT5
- A suite of advanced trading indicators
- Access to AutoChartist
- Free VPS
- Social trading
Pros and Cons
Pros | Cons |
250+ instruments | No fixed spread accounts |
Tight spreads | |
Free educational courses | |
Trading tools | |
No US clients |

Exness
Exness is a global brokerage firm delivering services through offices in Seychelles, the UK and Cyprus. The broker is regulated by the CySEC, FCA and the FSA.
The company in Cyprus is EU based and performs fully regulated services to traders within the EEA and the world.
The broker has won numerous awards as a retail broker and offers stable and reliable brokerage services.
Features
- Social trading offered
- Segregated accounts for clients
- Instant withdrawals
Pros and Cons
|
|||||||||||

HotForex
HotForex was voted as the Best Online Broker for Asia in 2012. HotForex is located and registered in Mauritius.
It is a safe platform to trade as it is also regulated by Financial Services Commission (FSC) and HotForex is also regulated by the EU.
The company motto is “Honesty, Openness and Transparency” three features every trader looks for in a broker.
Their customer service is excellent with employees speaking multiple languages.
Only EUR and USD can be used to open an account.
Features
- Free trading tools
- Educational material
- Minimum deposit to start trading is $50
- Many payment methods
- Low spreads from 0.2 pips
- 40 different currency pairs
- Numerous trading instruments
- 6 account types
Pros and Cons
Pros | Cons |
Good customer service | Range of instruments limited |
Opportunity to trade small volume | Not easy to open an account |
Strong regulation | US clients are not accepted |
Premium trader tools available | |

Pepperstone
Pepperstone is well known for its selection of third-party trading platforms namely MetaTrader suite, cTrader and a selection of copy-trading platforms.
Pepperstone is an ECN broker known for tight spreads, super-fast execution and great platform support.
The broker is regulated in Australia (USIC) and the UK (FCA).
Beginner Forex traders like to use Pepperstone because they do not charge for inactive accounts or a minimum deposit for standard accounts.
They have offices in the USA, UK, China and Thailand and their niche offering is for traders who focus on Forex and CFD markets.
Features
- Forex and equity index fees low
- Good customer service
- Tight spreads
- Wide range of assets
- Competitive pricing for Forex and CFD traders
- One of largest selections of third-party platforms
- Social copy trading options
Pros and Cons
Pros | Cons |
Account opening is fast and digital | Product offering limited |
Low Forex and equity index CFD fees | No fundamental research |
Non-trading fees low | No investor protection outside EU |
Great platform choice
Tight spreads |
|
Excellent customer service |

Markets.com
The principal regulator for Markets.com is the FCA in the UK. It is also regulated by the ASIC in Australia, the FSCA in South Africa, the CySEC in Europe and globally by the FSC in the British Virgin Islands.
Markets.com is a highly secure option for traders as it is not only heavily regulated it is also backed financially by a powerful corporate owner and listed on the FTSE 250.
Due to the CySEC regulation traders are exposed MiFID II and the EU’s 4th Anti-Money Laundering Directive.
As a result, traders are insured by the Investor Compensation Fund with maximum coverage of 20 000 euro. UK-based traders are protected by the FSCS up to 85 000 pounds.
Markets.com offers traders the opportunity to diversify their portfolios by offering them access to 2200 assets across the Forex market, commodities, equity and index CFDs, cryptocurrencies, bonds and ETFs.
Features
- Premium trading platform
- 2200+ financial instruments
- Demo account
- Customer support in multiple languages
- Excellent research tools
- Low comparable spreads
Pros and Cons
Pros | Cons |
Spreads are tight | High minimum deposit |
Wide range of assets | Lacking in trading tools |
Fast and free withdrawals | |
Well regulated | |
You might also like: BEST IRA FOREX BROKERS

easyMarkets
easyMarkets was one of the first brokers to introduce retail Forex trading. They obtained regulatory status with the ASIC in 2005 and CySEC in 2007.
easyMarkets a safe secure broker that is dominant in the industry with great operational statistics to back them up.
Features
- Fixed spreads, no slippage and no commissions
- Advanced cutting-edge trading platform
- Client support is responsive and professional
- Variety of accounts
- Free deposit and withdrawals
- 256 tradeable instruments
Pros and Cons
Pros | Cons |
Range of assets is vast | Restricted platform choice |
Advanced trading tools | Account options are limited |
Regulated by top tier bodies | Higher spreads than other brokers |
VPS and Forex calculators | |
No cent accounts | |

IG Trading
In 1974 IG Trading was established in the UK and today it is one of the biggest CFD brokers in the world.
It is regulated by a few regulatory bodies world-wide including the UK’s Financial Conduct Authority (FCA) and Germany’s Federal Financial Supervisory Authority (BaFin).
IG is considered a safe environment in which to trade because of the regulatory bodies but also because it is listed on the London stock exchange and discloses its financials.
The IG web trading platform is excellent for beginners and professional traders.
Features
- Inactive account fee charged
- No withdrawal fees
- Low minimum deposit
- Opening an account takes between 1 and 3 days
- Demo account available
- Trading fees on commissions, spreads, financing rates and conversion fees
- No trading fees on withdrawals or inactive accounts
Pros and Cons
Pros | Cons |
Web trading platform is excellent | High stock CFD trading fees |
Educational tools are superb | Product portfolio limited |
Deposit and withdrawal options are great | Customer support is slow |
Stock index CFD trading fees are low |

FBS
Financial Brokerage Services (FBS) is an Asian Forex Broker boasting 15 000 000 traders in 190 countries with offices in China, Malaysia, Philippines, Indonesia, Jordan, Vietnam and Russia.
They offer customer support and website in Japanese which makes communicating and interacting with FBS a pleasure.
FBS is regulated by the IFSC in Belize and has multiple awards earning it a strong reputation in the Forex market.
Their international awards include the Best Forex Broker Vietnam 2019, Most Transparent Forex Broker 2018 and Best Forex Broker Asia 2018.
Features
- Low minimum deposit
- 10 000+ instruments
- Five types of accounts
- Spreads start from 0 pip
- ECN account offered with tight spreads
- Full range of payment options
- Trading instruments include 32 currencies and two metals
- MT4 & MT5 Trading Platforms
- ECN and DMA trading offered
Pros and Cons
Pros | Cons |
For account opening deposit is low | Higher than normal spreads |
Excellent customer service & education tools | Deposit and withdrawal fees |
Demo account free | |
Extremely fast trade execution
Wide range of platforms and trading tools
|

IC Markets
IC Markets which was founded in 2007, is an Australian global Forex broker. The broker is regulated by CySEC in Cyprus, the FSA in Seychelles and the ASIC in Australia.
Two top tier regulatory bodies ensure the broker is safe and IC Markets also operates in Hong Kong.
IC Markets stands out because of its choice of a variety of financial instruments, trading platforms, accounts and other features and tools.
Features
- Offers Forex, CFD and Crypto
- Demo account provided
- Low minimum deposit
- No withdrawal fees
- No inactivity fees
Pros and Cons
Pros | Cons |
Forex fees are low | No investor protection |
Quick and simple account opening | Research tools could be improved |
Free deposits and withdrawals | |
Variety of sophisticated trading platforms | |
Safe and secure trading environment | |
Many educational resources |

XTB
XTB is an online CFD, Crypto and Forex broker. Founded in 2002 it has offices in more than 10 countries with its head office in London and Warsaw.
XTB is a highly regulated company with licenses from the UK’s Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF), CySEC and IFSC.
XTB accepts Hong Kong clients and its platform is used by 250 000 + clients worldwide trading over 1500 global markets.
Features
- 1500+ trading instruments
- No minimum deposit
- Offers STP
- Spreads are Variable
- MetaTrader 4 platform
- Good broker for beginner traders
- User friendly research tools
- Good customer support
- Demo account offered
- Minimum Forex and Crypto CFD trade size are 0.1 lot
Pros and Cons
Pros | Cons |
Platform is award winning | Email support is poor |
Great educational materials | Product portfolio is limited – mostly CFD and FX |
Account opening is easy and fast | Does not hold a banking license |
Top Tier regulated (FCA) | |

CityIndex
CityIndex is regulated by three top tier 1 regulators namely the FCA in the UK, the ASIC in Australia and MAS in Singapore.
The broker operates in Hong Kong and is also listed on a stock exchange. With these two things and its long track record the broker is considered safe for Hong Kong traders.
CityIndex was awarded Best in Class across multiple categories in 2025 including: Overall, Investments, Research, Education, and Beginners.
Features
- Tight spreads
- Low margins
- Fast execution
- Proprietary platforms – ATP Pro (Desktop) and WebTrader (browser)
- Advanced trading tools
- Integrated research
- Minimum deposit $100
- Demo account available
- Products offered: Forex, CFD, Crypto
Pros and Cons
Pros | Cons |
Low fees for Forex and index CFDs | Small product portfolio |
Quick & simple account opening | High stock CFD fees |
Wide range of research tools | Non-user-friendly desktop platform |

Trading 212
Trading 212 was opened in 2004 originally in Bulgaria but since 2013 has their head office in London.
The broker is regulated by the FCA (UK authority), making it a safe brokerage due to the FCA strict regulations, and the FSC (Bulgarian Financial Supervision Commission).
Trading 212 accepts traders from Hong Kong, Australia, Thailand, United Kingdom, South Africa, Singapore, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Their trading platforms are intuitive and user friendly.
Trading 212 is a CFD and Forex broker and is recommended for traders interested in investing in equities or trading with leveraged FX and CFD products.
Features
- Low minimum deposit
- Inactive account fees are not charged
- No fees for deposits or withdrawals
- Demo account available
- Products include Stock, ETF, Forex, CFD and Cryptocurrencies
- Commission-free stock and ETFs
- Low CFD fees
- Easy to use trading platform
Pros and Cons
Pros | Cons |
Commission free ETFs & real stocks | Limited product portfolio |
Account opening is quick and easy | High EURUSD fee |
Excellent trading platform | Lacking tools for fundamental analysis |
Good daily trading advice | Lacking popular asset classes – bonds / options |

SpreadEx
Established in 1999 in London Spreadex focused on a financial trading service providing spread betting and sports betting.
In 2006 they launched their online sports betting service and then followed that with a financial online trading platform.
Today it presents itself as one of the biggest spread betting firm brokers in the UK with over 60 000 account holders and 10 000 global markets including indices, shares, Forex (also with bitcoin), commodities, bonds, options, Exchange Traded funds and interest rates.
SpreadEx is fully licensed by the FCA.
Features
- 20 years of hands-on trading
- Advanced constant technological development
- Proprietary trading platform
- Tight fixed spreads
- Mobile or web trading
- Online trading includes advanced features
- Financial fixed odds markets – Speed Markets
- Award winning customer support
- Education materials
- Advanced market tools and analytics
- Awards for being Best Spread Betting Firm
- Segregated accounts
- Trader compensation of up to 50 000 pounds in the event of company insolvency
Pros and Cons
Pros | Cons |
No commissions | Not suited to those without an understanding of spread betting |
Advanced trading platform | |
Mobile app available | |
Fixed-odds betting available | |
Thousands of betting markets |
You might also like: BEST IIROC FOREX BROKERS

OctaFx
OctaFx has some of the best trading conditions in the Forex market, which is one of the primary reasons why it has grown from strength to strength since its launch in 2011.
It is part of Octa Markets, which is based in Kingston and has a subsidiary in Cyprus namely Octa Markets Cyprus Ltd. They are based Jakarta, Indonesia with offices in St. Vincent and the Grenadines.
Their offering is wide and comprehensive and caters for a number of different traders with varying levels of experience.
OctaFx is an (STP) ECN Forex broker which offers both the MetaTrader and cTrader platforms from where you can access all major currency pairs and commodities.
Initially OctaFx focused primarily on the Asian market and won several awards for their work in this region, but they have grown significantly and is now in more than 100 countries worldwide including China and Hong Kong.
Features
- Over 300,000+ traders worldwide
- More than 30 FX pairs to trade
- Extensive research and educational resources
- Unlimited demo account
- Inexpensive spread offerings
- State-of-the-art technology
Pros and Cons
Pros | Cons |
No commission deposits or withdrawals | No Forex educational tools |
Easy and free deposit and withdrawal | Range of instruments is limited |
Multiple platforms to choose from | Doesn’t offer VPS |
Regulated by CySEC | |
Low Forex and stock index CFD fees |

NordFX
NordFX is a global online financial trading platform and multi asset broker founded in 2008.
NordFX offer traders across the globe Forex and CFD trading on the MT4 and MT5 trading platforms.
They boast 1.2 million clients from over 100 countries and have over 50 trading instruments.
The global arm of the broker is regulated by the VFSC (Vanuatu Financial Services Commission) and the European arm is regulated by the CySEC (Cyprus Security and Exchange Commission).
Features
- 4 account types including Islamic
- Low spreads from 0.0
- Customer support 24/5
- Fast order execution
- Mobile trading
- Direct ECN flow
- Instruments: Forex & Crypto
- Segregated client accounts
Pros and Cons
Pros | Cons |
Well regulated | Trading assets limited |
PAMM account | Daily market analysis & research lacking |
Discounted VPS | No social trading |

Tickmill
Tickmill was established in 2014 and is a low-cost global Forex and CFD broker.
It is a safe broker to trade with due to it being regulated by the FCA in the UK, CySEC in Cyprus and FSA in the Seychelles.
Tickmill offers advanced trading solutions and services in Japan. Their process of opening an account is simple and easy.
They have a lot of free deposit and withdrawal options and the fees for Forex and CFDs are low.
Tickmill is recommended to clients who prefer trading on the popular MetaTrader trading platforms.
Features
- A number of excellent trading tools
- Trade 80+ spreads as low as 0.0 pips
- Educational resources are good
- Trading instruments: Forex, Stocks, Indices and Oil, Precious Metals and Bonds
- Competitive commission-based pricing for professionals
- 4 types of accounts
- Demo account available
- Islamic account available
- MetaTrader 4 and WebTrader
Pros and Cons
Pros | Cons |
Low Forex and CFD fees | Limited product range |
Negative balance protection for retail customers | Outdated trading platforms |
Excellent educational tools | Research tools basic |
Customer service available in different formats | Does not hold a banking license |
Tier 1 and tier 2 jurisdictions making it a safe broker | Not listed on stock exchange |
Customer support is not 24/7 |

Saxo Bank
Saxo Bank is a leading broker and is highly regulated by six top tier regulatory bodies namely the FCA in the UK, MAS in Singapore, FINMA in Switzerland, ASIC in Australia, FSA in Denmark and the JFSA in Japan.
Saxo Bank connects traders, investors and partners to 35000+ instruments and sets itself apart with leading-edge digital platforms. Its assets include CFDs, stocks, Forex, ETFs and more.
The broker provides advanced research tools and exceptional customer support.
Features
- Remarkable trading platform
- 3 account types
- Impressive product portfolio
- 9 different asset classes
- Competitive pricing on trading
- Tight variable spreads
- 160+ currency pairs
- 41 binary and vanilla touch options
Pros and Cons
Pros | Cons |
Trading platforms are impressive | Minimum deposit is high |
Large range of instruments | Educational material lacking for beginner traders |
6 x top tier regulatory bodies | |
Excellent customer support |

Darwinex
Darwinex is a London based brokerage. It has 3000+ traders who can choose from several trading options like Forex, commodities, cryptocurrencies, USA stocks and indices.
Darwinex is regulated by the strict regulatory body the FCA in the UK.
The FSCS (Financial Services Compensation Scheme) protects customers’ funds in the event of liquidation of Darwinex.
Customer funds are also kept in segregated accounts with a top tier bank.
Darwinex has a good reputation for offering excellent customer support, a wide selection of financial instruments and advanced technology programmes to help traders.
Features
- One account offered
- Minimum deposit: 50 USD
- 300+ market instruments: Forex, USA stocks, indices, commodities and cryptocurrencies
- FSCS protection
- Monthly volume-based rebates
- Variety of platforms and technologies for DMA access
- Customer support in several languages
- Good educational resources
Pros and Cons
Pros | Cons |
Segregated accounts | Not available in the US |
Multiple trading platforms | Trading tools are not sufficient |
No live chat on the website anymore | |
Transparency regarding commissions & fees | |
Spreads are low |

Oinvest
Oinvest founded in 2012 and established in 2019 has their headquarters in Durban, South Africa.
They offer a good variety of educational material for beginners, a good assortment of trading assets and a powerful platform like MetaTrader4.
Their growth, since inception, has been exponential.
Features
- STPs offered
- Favourable spreads
- Fast execution
- Dedicated account manager
- Excellent research tools
Pros and Cons
Pros | Cons |
Regulated by top tier regulatory body | No EAs allowed |
10 000 + users | |
Great educational material for beginners |

OctaFx
OctaFx has some of the best trading conditions, which is one of the primary reasons why they have grown from strength to strength since inception in 2011.
It is part of Octa Markets, which is based in Kingston and has a subsidiary in Cyprus namely Octa Markets Cyprus Ltd. They are based Jakarta, Indonesia with offices in St. Vincent and the Grenadines.
Their offering is wide and comprehensive and caters for a number of different traders with varying levels of experience.
OctaFx is an (STP) ECN Forex broker which offers both the MetaTrader and cTrader platforms from where you can access all major currency pairs and commodities.
Initially OctaFx focused primarily on the Asian market and won several awards for their work in this region.
They have grown significantly and now operate in more than 100 countries worldwide.
Features
- Over 300,000+ traders worldwide
- More than 30 FX pairs to trade
- Extensive research and educational resources
- Unlimited demo account
- Spread offerings are competitive
- Great advanced technology
Pros and Cons
Pros | Cons |
No commission deposits or withdrawals | No Forex educational tools |
Easy and free deposit and withdrawal | Range of instruments is limited |
Multiple platforms to choose from | Doesn’t offer VPS |
Regulated by CySEC | |
Low Forex and stock index CFD fees |

Oanda
Oanda is an American Forex broker and technology-driven financial services corporation.
The broker is a global corporation with offices in eight financial centres in the USA, Canada, UK, Japan, Singapore and Australia.
Oanda is regulated by 6 regulatory bodies namely CFTC in the USA, FCA in the UK, ASIC in Australia, IIROC in Canada, MAS in Singapore and FFAJ in Japan.
According to these regulatory bodies all client funds are kept in segregated accounts in top tier banks.
Oanda offers both Forex and CFD trading, corporate FX payments and exchange rate services for many organisations and investors.
Features
- Web trading platform
- Good fees
- Powerful research tools
- No minimum deposit
- Transparent pricing
- Quality market research
- Limited offering of Forex pairs and CFDs
Pros and Cons
Pros | Cons | ||
Low fees | Customer support slow | ||
Web trading platform simple | Limited product portfolio | ||
Digital account opening easy | High withdrawal fees | ||
No withdrawal fee in some cases | |||
Regulated by top tier regulators | |||

Rakuten Securities
Rakuten Securities is owned by Rakuten one of the largest holding companies in Japan and it is listed on the Tokyo Stock Exchange.
The Rakuten Holding Group is a legal entity which holds
Rakuten offers trading in 40 currency pairs on two robust platforms.
Rakuten Securities is regulated by the SFC the local Securities and Futures Commission.
Features
- No minimum deposit
- Tight spreads
- Trading platforms: Rakuten Securities Japan’s proprietary platform and Trading station
- Mobile trading
- Award winning broker
- Fast trade execution
- One click order execution
- Trading tools and resources
- No dealing desk (NDD) execution on Trading Station
Pros and Cons
Pros | Cons |
Regulated in Hong Kong by SFC | No MetaTrader |
Tight fixed spreads | Average is low |
No deposit required | |
User friendly trading platforms | |
Individual training |
You might also like: BEST GFSC FOREX BROKERS
Conclusion
The JFSA does not allow its licensed brokers to offer scalping and hedging to local customers, Japanese traders are not allowed to claim welcome bonuses and there is a low cap on maximum leverage. All of these are reasons why some local Forex traders seek the services of offshore-licensed brokerages.
However, this financial watchdog does what it can to restrict local traders from investing with brokers licensed under other regulators, in other regions. As a result, many foreign brokers and brokerages looking to work in this market have decided to obtain a JFSA license and to open offices in Japan as you would have found in this list of 27 Best JFSA Regulated Forex Brokers.
Table of Contents
Toggle