Forex trading in Japan is really popular. Japan has one of the highest amount of retail Forex traders in the world.
The official FX regulator in japan is now FSA Japan, which stands for Financial Services Agency Japan over its old name – JFSA – Japanese Financial Services Agency.
There are only a handful of retail Forex brokers in Japan that dominate the market. Japan’s retail Forex market has the lowest leverage in the world, which is set at a maximum of 25:1. Though the most recent update coming to Japanese brokers is a move to lower the leverage from 25:1 to 10:1.
The new rule was introduced in the middle of 2018. The Japanese Financial Services Agency or FSA Japan doesn’t encourage Japanese residents to open Forex trading accounts with brokers overseas, they goes as far as labeling them as “scams”. This is overly blown out of proportion.
For more information on FSA Japan rules and regulations visit there website: https://www.fsa.go.jp/en/
That is why many Japanese Forex traders choose a regulated FOREIGN broker, so they are able to trade with higher leverage and receive other benefits that are not available to FSA Japan regulated brokers.
We have compiled a list of overseas Forex brokers that accept residents of Japan – See below.