Trading in financial markets requires the right choice of a broker, as security of traders’ funds, profit/loss and opportunities depend on it. Before you start working with a company, it is important to comprehensively assess it. Traders Union analysts have already done it for you. The experts prepared a review of the Best ETF Brokers in Japan for 2024. Five companies that enjoy huge popularity in Japan were selected and compared between each other.
1
TeleTrade - Best in Japan for 2024
TeleTrade offers its clients rather enticing trading conditions. The minimum trade volume is 0.01 lots for all trading accounts, and the minimum spread is 0.2 pips. The minimum deposit is $10. The company's clients can trade on three types of real accounts, as well as copy trades of experienced traders. The broker offers wide range of financial instruments: in addition to currency pairs, you can trade indices and cryptocurrencies.
2
4XC - Best in Japan for 2024
4XC combines advanced technology and innovation in its business approach. 4XC is duly licensed by the Financial Supervisory Commission. The company operates under strict regulations to keep customer accounts secure and protected. 4XC is a customer-oriented company, and offers professional customer support 24/5. 4XC ensures no interference with customer trades, and offers a range of benefits, including spread starting as low as 0.0 points, leverage of up to 1:500, daily withdrawal available, and fast order execution.
4XCis an execution-only broker with no dealing desk (NDD). It offers several account types and numerous payment methods to create a user-friendly environment for every customer.
3
AvaTrade - Best in Japan for 2024
AvaTrade offers traders only two types of accounts - Standard and Demo accounts. Trading conditions for Standard accounts differ across different trading platforms.
When registering a Demo account, traders will receive a bonus in the form of 10,000 US dollars on the account for obtaining trading skills.
Another advantage of AvaTrade, which is often noted by traders, is a large choice of assets - there are more than 250 of them.
The broker’s customers also distinguish a low spread and commissions, the speed of order execution, and a wide range of trading platforms. Beginners will appreciate the availability of microlots.
4
HFM - Best in Japan for 2024
HFM trading conditions can be attributed to a high level of competitiveness. A low minimum deposit and a leverage of up to 1:2000 provide opportunities for clients to use several highly profitable strategic models and test the functionality of the account and terminal. The spread floats according to the trading conditions and the minimum spread is equal to 1 pip. However, for a Zero account, its minimum value is zero.
5
WForex - Best in Japan for 2024
WForex offers favorable conditions for both beginner and professional traders. The broker strives to provide premium services, clearly fulfilling its promise of reliability. An additional advantage for traders is the ability to open an account in national currency, as well as work with digital contracts.
TOP 5 Comparison
In order to choose the Best ETF Brokers in Japan in 2024, TU analysts chose 5 best brokers in this country. In the table below, you can see a basic comparison of these companies. Experts selected only the most reliable brokers that are popular among traders in Japan.
| TeleTrade | 4XC | AvaTrade | HFM | WForex | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5 |
MT5, MT4, WebTrader |
MT4, Mobile Trading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option |
MT4, Mobile Trading, MultiTerminal, MT5 |
MT4, WebTrader, Android, iPhone, MAC platform |
|
Min deposit |
$10 |
$50 |
$100 |
No |
$1 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:200 |
From 1:400 |
From 1:33 |
|
Trust management |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0.8 points |
From 0 points |
From 0.9 points |
From 0 points |
From 0.2 points |
|
Level of margin call / stop out |
70% / 20% |
100% / 50% |
25% / 10% |
50% / 20% |
20% / 5% |
|
Execution of orders |
Market Execution, Instant Execution |
Market Execution |
Instant Execution |
Market Execution |
Market Execution, Instant Execution |
|
No deposit bonus |
No |
$50 |
No |
No |
No |
|
Cent accounts |
No |
No |
Yes |
Yes |
Yes |
TU Expert Review for the best ETF Brokers in Japan
Financial expert and analyst at Traders Union
Anton joined Traders Union as a financial expert and analyst in 2013. He performs comprehensive internal testing of brokers as a trader. Essentially, Anton “test drives” brokers: he checks the operation of the website and user account, the speed and effectiveness of customer support team, stability of the software, deposit and withdrawal processing times, legal documents of companies and also all additional services (VPS, affiliate programs, contests, bonuses, educational programs, etc.). Based on the results of his “inspections”, he prepares expert conclusions about the operation of brokerage companies in the Forex, stock and binary option markets and also of the cryptocurrency exchanges.
His opinion as for the best ETF Brokers in Japan is posted below.
TeleTrade - TU Expert Review
Traders Union has been working with the company since 2012. Over this time, a lot of reviews have been received about the broker from the TU clients, which you can find on this page. All reviews are moderated and then published. Therefore, they contain relevant information about traders’ experience of working with TeleTrade. Each TU client who opened an account with a brokerage company is entitled to free legal support, as well as advice on general issues related to the broker’s performance. TeleTrade Company offers its clients the opportunity to trade 28 currency pairs, as well as metals, indices, stocks and energies. Cryptocurrency trading is also available. Traders canopen a free demo account and trade virtual funds. The broker also provides several types of real accounts, which allows you to choose the best option in terms of conditions. Thanks to a large analytical section and loads of educational information, the company attracts a lot of novice traders. A wide range of technical analysis tools and the possibility to use various strategies, including pipsing, are the main reasons why experienced traders open an account with TeleTrade.
AvaTrade - TU Expert Review
AvaTrade has proved to be a reliable partner that regularly performs for its customers. The reliability of the broker, as well as its high-quality service and favorable trading conditions, are often mentioned by the company's customers in their reviews. At times, users are dissatisfied with a delay in withdrawing funds, but the competent customer service finds the best solutions to eliminate the difficulties a trader has encountered. The same users note that, despite some difficulties, the broker transfers the necessary funds in full amount. All the users, without exception, note that AvaTrade offers almost the largest assortment of various assets and analytical tools that make automated trading possible. Also, the broker's advantages are minimal commissions, low spread, and fast execution of orders, as hundreds of satisfied customers claim. Of particular note is providing security: customers' funds are stored on segregated accounts, and the broker's activity is accredited in the EU, Japan, Australia, South Africa, and the British Virgin Islands. Fulfillment of all legal obligations regarding these regulators makes AvaTrade one of the most reliable companies, regularly included in the lists of the best brokers.
HFM - TU Expert Review
HotForex is now known as HF Markets, and refers to itself on its website as HFM (the website address is HFM.com). The name change may simply be due to the fact that HFM offers multi-market access, that it isn’t just limited to trading the forex market. Still, it can be a little confusing, as the company is still listed as HotForex on some websites. A primary draw at HotForex is the multi-market exposure it offers. About three dozen cryptocurrencies are available to trade. That’s in contrast to many forex brokers that only offer trading in a handful of cryptos. In addition to about 75 of the most widely traded stocks, HotForex clients also have exposure to approximately 30 ETFs and about a dozen market indexes. Bond trading is severely limited – only the Euro Bund, the UK Gilt, and the US 10-year Treasury Note. Here are three things I like about HotForex: 1. Choice of Spread or Commission Fees - A choice of spread-fees-only or commission-fees-only accounts; Commission fees are on the low end of industry averages, at $6 per standard forex lot round turn trade. 2. Tier 1 Regulated - Security for traders is enhanced by the fact that HotForex is regulated by multiple Tier 1 financial regulators, including the UK’s Financial Conduct Authority (FCA). 3. Strong Trader Education - HotForex provides beginning traders with extensive trader education resources, including video tutorials, webinars, and a full forex trading course; It also gives clients daily fundamental and technical market analysis reports.
WForex - TU Expert Review
WForex has proved to be a reliable partner over a long period within the Forex Market and is a relatable partner of the Traders Union. forex sets a low barrier for entry, makes it possible to work with digital contracts and binary options, and compensates commissions of payment systems when replenishing an account. The company is in demand among traders due to favorable working conditions, frequent contests, and a loyalty program. WForex creates a comfortable environment for novice traders. There is an opportunity to get free training on Forex trading, a training account is offered for working out strategies. In addition to MetaTrader 4 or WebTrader, traders can work through the application for iPhone/iPad or Android.
Summary
Many brokers operate in Japan, but not all of them are reliable or offer attractive trading conditions. TU experts selected 5 companies and rated them based on collected data. By reviewing them, you will learn about the Best ETF Brokers in Japan 2024 and will be able to evaluate the pros and cons of its closest competitors.
Overall score of the best ETF Brokers in Japan
| TeleTrade | 4XC | AvaTrade | HFM | WForex | |
|---|---|---|---|---|---|
|
Overall score |
7.63 |
6.47 |
7.9 |
7.8 |
6.79 |
|
Execution of orders |
3.21 |
4.41 |
8.5 |
9 |
4.29 |
|
Investment instruments |
9.3 |
7.87 |
6.97 |
7.17 |
6.82 |
|
Withdrawal speed |
7.79 |
8.47 |
7.2 |
8.86 |
7.03 |
|
Customer Support work |
8.41 |
6.12 |
7.9 |
5.42 |
8.31 |
|
Variety of instruments |
8.75 |
8.02 |
10 |
7.37 |
8.75 |
|
Trading platform |
8.29 |
3.95 |
6.8 |
8.95 |
5.53 |
|
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FAQ
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
How much money do I need in order to start working in the financial markets?
The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.
Can you earn passive income in the financial markets?
Yes, the best brokers of Japan offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
Best ETF Brokers 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.