Best Brokers Japan
Here you can find our best Japan brokers based on thousands of hours researching, testing, analysing and comparing hundreds of brokers across the globe. We have taken into consideration some of the most important factors to be aware of when choosing a broker, with the aim to make it a quick and simple process for you to find the best broker in Japan for your own individual trading requirements.
Top 5 Brokers Japan
ASIC, BVI, CBI, FFAJ, FSA, FSCA, IIROC
Min $100 Deposit
FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF
Min $250 Deposit
ASIC, FCA, DFSA, SCB, CySEC, BaFin, CMA
Min $200 Deposit
ASIC, CySEC, IFSC, DFSA
Min $5 Deposit
We have chosen these as our best brokers due to the fact that they have passed our stringent online broker reviews and received a top rating for the trading services and products that they offer to clients.
How did we choose our best brokers in Japan?
First and foremost, the Trading Brokers review team made sure that the broker was regulated and authorised to provide online trading services to traders. We then conducted countless hours of in-depth research and analysis into the services offered by the brokerage firm.
From there, we were able to collate what we believe to be amongst some of the most important factors to consider when choosing the best brokers and assigned them an unbiased broker rating based on our opinion from these findings.
The brokers that have made it onto our best Japan brokers list should be regulated, offer competitive trading conditions including tight spreads, low commissions and reliable trade execution speeds.
The broker should also have user-friendly trading platforms that are compatible with multiple devices including desktop, web and mobile. In addition to intuitive and powerful platforms, they should provide trading tools and educational resources to assist traders with their daily trading activities.
Other factors that we also consider to be important for a broker to make it onto our best brokers Japan list include the variety of funding options provided, trading account types, minimum deposit requirement, customer support, markets and range of trading instruments available to trade online.
Japan Broker Regulation
Any trading broker that is offering services to traders in Japan should be authorised and regulated. Using a regulated broker can give investors some protection that unregulated brokers cannot. Many experts and professional traders would only trade with a regulated broker.
Trading online in Japan is popular among residents. Whilst there are many internationally regulated brokers who can accept clients from Japan, it is an additional benefit if the broker is regulated and authorised by the Financial Services Agency (FSA), which is the financial regulatory body in Japan.
The Financial Services Agency, or FSA, is a Japanese government entity responsible for overseeing banking, insurance, and securities and exchange.
The role of the Financial Services Agency is to ensure the stability of Japan’s financial system; the protection of depositors, insurance policyholders, and securities investors. It is in charge of the inspection, supervision, and transparency of the financial system through the Securities and Exchange Surveillance Commission.
FSA was established in July 2000 under the jurisdiction of the Financial Reconstruction Commission through the reorganization of the Financial Supervisory Agency. It is headquartered in Tokyo.
The FSA handles planning and policymaking regarding Japan’s financial system; supervision of private sector financial institutions; development of rules for trading in markets; development of business accounting standards; supervision of CPAs and auditing firms; compliance of rules in financial markets and more.
To identify if a broker is licensed to operate in Japan, the first step is to identify the regulation number from the disclosure text at the bottom of the brokers homepage. Next, you can look up the brokerage with the FSA to validate the brokers regulation is legitimate.
Japan Broker Trading Platforms
Each broker can have a range of different trading platforms for multiple devices including desktop, web and mobile trading apps. The brokers platforms should be easy to use and have plenty of tools and functionality to suit different trading strategies and styles. If you are already familiar with a particular platform, you may wish to ensure that it is available. If you are new to trading online, MetaTrader and cTrader are considered to be some of the best trading platforms for forex and stock trading.
Japan Broker Trading Instruments
The brokers should provide traders in Japan with a wide range of trading instruments across multiple asset classes including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Options, ETFs and CFDs. The more choice of markets that the broker has, the easier it can be to expand and diversify your portfolio in the future, should you wish to do so.
Japan Broker Spreads
Brokers will usually charge you a spread for each trade that you place. The spread is the difference between the bid and ask price at the time your position is executed into the market. Generally speaking, the lower the brokers spread, the better price you can enter the market and lower your trading costs will be in the long run. However, execution speeds can also be dependent on other factors such as the brokers liquidity, slippage and execution model.
Japan Broker Commission
The majority of brokers will charge clients a small commission fee for placing trades through them. This is another cost to consider alongside the spread. Again, the lower the brokers commission fee is, the more you could save on trading expenses over the long term. Some trading strategies are dependent on tight spreads and low commission fees. Thus, the best Japan brokers should have some of the most competitive commissions and spreads available.
Japan Broker Fees
In addition to the spreads and commissions mentioned above that brokers may charge, there can also be additional fees. These include overnight swap fees, funding fees, platform fees, trading tool fees, educational resource fees, inactivity fees, etc. Any other fees charged by the broker should be competitive and transparent to the trader.
Japan Broker Execution Speeds
Execution speed determines how quick your order is placed on the market. The quicker the execution speed, the better the price you may get. Instant execution should mean that the order is placed as close to your desired price as possible. Slippage refers to how many points from your requested price the position was actually placed at. The best brokers in Japan should have fast trade execution speeds with minimal slippage so that traders get the best available prices. Some trading strategies such as scalping are dependent on reliable and quick execution speeds.
Japan Broker Liquidity Providers
A market maker or liquidity provider is a company or an individual that quotes both a buy and a sell price in a financial instrument or commodity held in inventory. Brokers will usually have a liquidity pool that consists of various liquidity providers. The best brokers Japan would ideally have a vast range of top liquidity providers (LPs) with deep liquidity pools so that they are able to deliver competitive bid/ask prices along with reliable trade execution speeds.
Japan Broker Trading Tools
The trading platforms that are provided by brokers should have an abundance of useful trading tools to assist traders with conducting thorough market analysis. There are brokers who also have additional trading tools to help deliver a more efficient trading experience. These tools can include economic calendars, trading calculators, daily market analysis, trading signals and more. The best brokers in Japan will usually have some free trading tools to support traders with their daily trading activities.
Japan Broker Educational Resources
The best brokers should have a choice of educational materials to help traders increase their trading knowledge and improve their trading skills. This can include tutorial videos, trading guides, eBooks, trading glossary, FAQs, webinars and seminars. Some brokers even have dedicated trading academies which can help show support for informed trading.
Japan Broker Account Types
Trading brokers will tend to offer at least one real trading account and one demo trading account. Some brokers will have a selection of different account types to cater to a range of different client needs. These accounts can vary according to the minimum deposit required, leverage available, execution type, spreads, commissions, instruments, additional services and more. The best Japan brokers should have a selection of account types for different levels of trader and trading strategies.
Demo accounts can be useful to practice trading online with virtual funds and to familiarise yourself with the trading platforms and broker services. There are also Islamic accounts that comply with Sharia law to support Muslim traders. If this is a requirement of yours, you may wish to check the broker has Islamic accounts.
Japan Broker Account Funding Options
When you open a broker account, you will be able to make deposits and withdrawals using the funding methods available. Whilst most brokers will offer wire transfer and credit/debit card payments, some brokers implement online payment processors such as Skrill, Neteller and PayPal. The best brokers in Japan should have a choice of convenient funding options suited to your personal needs. It is also worth considering the time taken for funding and any fees involved for processing funds.
Japan Broker Customer Support
Most online brokers can be reached via telephone, email or live chat. It is worth ensuring that the broker can be reached in a way that is convenient for you. We believe that the brokers customer support team should be prompt, polite and efficient in their responses to all traders general and technical questions. You may wish to check the brokers time zone and consider if there is any different between your time zone and the brokers support hours, as this could have an impact on the time it takes them to respond.
Best Japan Brokers Summary
Whilst these are what we consider to be some of the most important things to consider when choosing a broker in Japan, it can differ depending on individual trader needs. Thus, it is imperative that you choose a broker that meets your own personal requirements and use the above information only for educational purposes and not as advice.
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