In order to trade successfully, it is very important to choose the right broker. in Japan, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best crypto brokers for beginners in Japan 2024. You can compare their features and trading conditions.
1
TeleTrade - Best for beginners in Japan
TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.
👍 Advantages of trading with TeleTrade for traders from Japan:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders from Japan:
•no PAMM accounts or other money management options;
•a small range of trading instruments;
•few withdrawal options;
•support is available 24/5;
•withdrawals delayed;
•technical support responds slowly;
•sometimes it takes a long time to verify data.
2
Bybit - Best for beginners in Japan
Bybit is a leading cryptocurrency exchange specializing in derivatives trading. Its proprietary trading platform is user-friendly but caters primarily to experienced traders who are comfortable with advanced financial instruments. Integration with TradingView provides seamless market analysis and trade execution.
Bybit allows highly leveraged trading of up to 100x with a clear and transparent fee structure. For those seeking alternative investment strategies, Bybit offers copy trading programs for both derivatives and spot markets, enabling users to automatically replicate the trades of successful investors.
The exchange provides 24/7 customer support, a safe banking environment, and instant deposits/withdrawals. Additionally, Bybit offers a crypto debit card, allowing users to spend their digital assets on everyday purchases.
👍 Advantages of trading with Bybit for traders from Japan:
•It has a convenient, intuitive proprietary trading platform that is presented in the browser version, which eliminates conflicts with the operating system and braking when sending orders;
•Integration with TradingView allows users to simplify crypto market analysis and trading via a single platform;
•Combination of futures and perpetual contracts trading;
•There is an order book that allows you to assess the depth of the market and current trading volumes;
•It has a minimum entry threshold. The cost of a BTC/USD futures contract is USD 1;
•It is possible to open long and short positions with subsequent mutual recalculation.
👎 Disadvantages of Bybit for traders from Japan:
•It has conditions for trading futures that are difficult for beginners, such as the formula for calculating the leverage, the terminology of the funding size and the premium index, funding rates, etc.;
•Lacks a mechanism to protect the interests of traders in the event of controversial issues;
•The mechanism of classic cryptocurrency trading is almost undeveloped. Only USDT, ВТС, and ЕТН are available for purchase.
3
Deriv - Best for beginners in Japan
Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are Deriv bot and Deriv MT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: Vanuatu Financial Services Commission (VFSC, 14556), Malta and Labuan Financial Services Authority (MFSA, 71479 and Labuan FSA, MB/18/0024), BVI FSC (SIBA/L/18/1114). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.
👍 Advantages of trading with Deriv for traders from Japan:
•Low level of the minimum deposit.
•A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds.
•Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc.
•Broker regulation by several authorities from different countries.
•Round-the-clock client support.
•Choice of three convenient trading platforms.
•No commission for maintaining a trading account and using its platforms.
👎 Disadvantages of Deriv for traders from Japan:
•The tutorials provided on the site may not be enough for novice traders.
•Deriv has only a few ways to contact support.
•The broker does not serve clients from several countries, such as the USA, Canada, Malaysia, Israel, and others.
4
IronFX - Best for beginners in Japan
IronFX was launched in January 2010 by a team of specialists in finance and software development. Today, IronFX has grown to be among the industry leaders that provide online trading services globally. Customers can use the MT4 advanced trading platforms and trade more than 300 tools from 6 various asset classes. IronFX serves individual as well as corporate clients from over 180 countries. IronFX is highly valued for providing cutting-edge technological innovation on trading platforms and trading tools.
👍 Advantages of trading with IronFX for traders from Japan:
•round-the-clock communication with a multilingual support TEAM on weekdays;
•wide range of trading assets;
👎 Disadvantages of IronFX for traders from Japan:
•the verification procedure can be repeated;
5
WForex - Best for beginners in Japan
WForex is a broker operating on the market for 12 years. The company carries on its activity in 50 countries in the world. It is a member of the Financial Commission for Dispute Resolution in the field of financial services in the international exchange market. World Forex coops with front developers, introducing modern tools that provide traders with safe and uninterrupted trading. The company is admitted as the best Forex digital contract broker.
👍 Advantages of trading with WForex for traders from Japan:
•bonus 100% for replenishment;
•commissions compensation when depositing;
•low barrier for entry — you can deposit $1;
•Safe-box account — high interests for trader's funds, free-and-easy converting and cash transferring between your trade accounts according to official bank rates;
•making transactions with ECN/STP technologies avoid a conflict of interest between the broker and the trader;
•auto trading is available;
•wide range of replenishment and withdrawal systems;
•own developed course "Forex Guide for the trader";
•the ability to trade digital contracts provides a potential profit of 100%.
👎 Disadvantages of WForex for traders from Japan:
•no search box on the website;
•there is no forum for communication between traders, but you can use the Traders Union forum, where traders from all over the world communicate;
•the support service may take several hours to respond
•the training section can be amended with video courses and training articles.
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
TeleTrade Commissions and Fees
Our analysts analyzed the broker’s trading and non-trading fees. The first was the company's spread, the second was additional fees for withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard ECN |
$17 |
No |
|
Professional NDD |
$9 |
No |
|
Sharp ECN CENT |
$2 |
No |
|
Cryptocurrency account |
$3 |
No |
Bybit Commissions and Fees
The Traders Union experts analyzed the Bybit platform documents regulating the trading conditions for differentiation of commissions. The commission depends on which category is assigned to the trader: Maker or Taker. The Taker commission is 0.075%; whereas the Maker commission is 0.025%.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From $ 20 |
No |
Deriv Commissions and Fees
Deriv was analyzed by the experts at the Traders Union to establish the amounts and types of fees that the broker charges its clients. It was not possible to establish exact data on the size of the spread because Deriv offers a fixed commission and a floating spread, so the commission size for different assets and different types of accounts may differ. There are no fees for maintaining a trading account, however, for inactivity, the broker may charge an additional commission. Withdrawing funds and replenishing an account with Deriv are free. Any commission, in this case, is set by the payment agent. No hidden fees were found.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Real account |
From $1 |
Yes - established by trading platform and payment system |
IronFX Commissions and Fees
Trading terms at IronFX were analyzed by specialists at the Traders Union for trading and non-trading commissions. There are no hidden trading fees and no commission is charged for deposits or withdrawals. An exception may be the transfer fee set by the payment system.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
from $18 |
No |
|
Premium |
from $16 |
No |
|
VIP |
from $14 |
No |
|
Zero Fixed |
from $0 |
No |
|
No commission |
from $17 |
No |
|
Zero Spread |
from $0 |
No |
|
Absolute Zero |
from $3 |
No |
WForex Commissions and Fees
Traders Union analysts examined the conditions offered by the World Forex broker to identify hidden trading and non-trading commissions. A spread was chosen as the basis for assessing the trading commission, and a withdrawal fee was analyzed to determine the non-trading commission. The replenishment fee is absent in all accounts.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
W-Cent |
From 1.8$ |
Yes |
|
W-Profi |
From 18$ |
Yes |
|
W-Instant |
From 20$ |
Yes |
|
W-ECN |
From 2$ |
Yes |
Summary
Many brokers are available for traders from Japan, but not all of them offer good conditions. In this review, TU experts chose the Best crypto brokers for beginners in Japan 2024. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Crypto Brokers For Beginners in Japan
| TeleTrade | Bybit | Deriv | IronFX | WForex | |
|---|---|---|---|---|---|
|
Overall score |
8.92 |
9.8 |
8.42 |
7.64 |
6.93 |
|
Execution of orders |
3.21 |
9.62 |
9.55 |
6.85 |
4.29 |
|
Investment instruments |
6.7 |
6.26 |
8.73 |
8.87 |
6.21 |
|
Withdrawal speed |
7.79 |
8.28 |
9.54 |
7.23 |
7.03 |
|
Customer Support work |
8.41 |
7.52 |
5.94 |
7.03 |
8.31 |
|
Variety of instruments |
8.75 |
9.41 |
9.27 |
8.02 |
8.75 |
|
Trading platform |
8.29 |
8.09 |
7.82 |
3.88 |
5.53 |
|
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FAQ
What learning instruments can a broker offer?
Brokers offer various educational options. These include full-fledged educational courses, or video tutorials, articles, and books. Companies also often hold seminars and webinars.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
What factors are important when you are choosing a broker?
When you are choosing a broker, it is important to make sure it is a reliable company, consider its fees, the list of trading instruments, deposit and withdrawal methods and other factors. It is important to study a broker in detail, before opening an account with it.
Can you earn passive income in the financial markets?
Yes, the best brokers in Japan offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
Best Crypto Brokers For Beginners by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.