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Japan is the world’s largest retail forex market. Japanese forex brokers are not really interested in operating in foreign markets, yet they transact about 35% of the global retail FX volume.
The governmental institutions charged with the regulatory oversight of online Forex trading is the Japanese Financial Services Authority, as well as the Financial Futures Association of Japan. Their main goal and the idea behind them may be said to be the assurance of online Forex trading with “Japanese characteristics”. The government of Japan has been known to differ in policies compared to Western countries and Forex trading is no exception.
For instance, the JFSA has very strict rules regarding the trading software allowed in the country and many of the most popular platforms in Europe cannot comply with the requirements. The most often encountered trading platforms in Japan are ST24 platform and the RoboX platform.
Furthermore, the limit set by the authorities is 1:25 which is among the lowest around the world. This means that the cost of trading is higher in Japan and brokerages have to operate with a substantial capital.
Forex brokers should also have in mind that both the website and the customer support has to be provided in Japanese. Very little trading platforms in Japan operate in English and the traders prefer (as is expected) their mother tongue.
The most popular payment methods in Japan are the standard Visa and MasterCard, as well as the e-wallet PayEasy.
Forex news from Japan
Soon after the decision issued by the Central Bank of Japan to test a digital currency, it’s the turn now of major
Japanese crypto exchange Liquid confirmed today in an announcement that it was a victim of a security breach. This happened on 13th
Are we seeing a new dawn in the land of the rising sun’s financial operations? This Friday, the Bank of Japan officially
The latest central bank to outset a number of experiments with a Central Bank Digital Currency (CBDC) is none other that the
B2BX, a crypto exchange registered in Estonia, is closed for a fifth consecutive day after an outage at an Amazon server in
Zaif, the Japanese cryptocurrency exchange, which last year lost over 60 million USD to hackers, will resume operations on Tuesday, April 23rd,
The police in Thailand have arrested 15 Japanese for running a scam call center that targeted victims in Japan. The arrests were
The Financial Services Agency (FSA) in Japan may approve exchange-traded funds (ETFs) that track crypto assets, although earlier this year the regulator
Japan is about to become the first major market to use blockchain for money transfers after later this month three Japanese banks
Hackers stole 60 million USD in crypto coins form the Japanese based Zaif crypto exchange – the latest in a series of
Japanese forex brokerage group Monex Group announced its preliminary consolidated financial results for the fiscal year 2016 that ended on March 31. They
The net revenue of the Japanese forex brokerage Money Partners Group rose 14.5% on a yearly basis and reached JPY almost 6.1
GMO Click Holdings (TYO:7177), Japan’s largest forex brokerage, reported a yearly operating income of JPY 6.5 billion for the fiscal year that
The retail over-the-counter (OTC) forex trading volumes of Japan’s forex brokers amounted to JPY 594 trillion in February 2016, or up 11.8%
Japanese forex brokerage Monex Group said last week its preliminary trading volume generated from global forex operations amounted to $42.9 billion in
GMO Click Holdings, a Japanese forex brokerage, said last week GMO Click Securities and FX Prime by GMO, two of its subsidiaries,