Best forex brokers in Japan

• 4 forex brokers with a verified licence serve residents of Japan: 4 hold a local licence (JFSA).
• Top pick by Coinish Score: IG (77/100, Editor Rating 4.2/5).
• Lowest advertised EUR/USD all-in cost: 0.6 pips (IG), across 3 brokers that publish one.

Ranked by Coinish Score: half the Editor Rating for the entity that serves residents of Japan, half Market Signal. Brokers without enough verified data for a rating are placed by Market Signal and labelled; brokers with neither are listed last. How we rate

All 4 forex brokers on this list hold a licence from the JFSA (IG, Saxo, OANDA and Interactive Brokers).

Advertised all-in EUR/USD costs on this list run from 0.6 pips (IG) to 0.6 pips (Interactive Brokers) across the 3 that publish one.

• Search the company name on the JFSA register (fsa.go.jp).
• Check which company your contract is with. IG, for example, onboards residents of Japan through IG証券株式会社 (IG Securities) (JFSA, 関東財務局長(金商)第255号), and the name on the account-opening documents should match the list.

Yes, with a licensed provider. Any firm that deals with people in Japan has to be registered with the Financial Services Agency (FSA). The FSA names unregistered firms on public warning lists, and many offshore brokers are on them, so Coinish lists only FSA-registered companies for Japan. Retail FX needs at least 4% margin, so leverage tops out at 25:1. That rule has applied since August 2010.

Sources: fsa.go.jp, fsa.go.jp

By Coinish Score, IG (77/100, Editor Rating 4.2/5), through IG証券株式会社 (IG Securities) (JFSA, 関東財務局長(金商)第255号). Saxo (77) and OANDA (72) follow. The score rates the company that would serve you in Japan, so the same brand can rank differently in another country.