According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- ¥100,000
- MetaTrader4
- Click365
Our Evaluation of FOREX EXCHANGE
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FOREX EXCHANGE is a high-risk broker with the TU Overall Score of 1.87 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FOREX EXCHANGE clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Brief Look at FOREX EXCHANGE
FOREX EXCHANGE is a Japanese brokerage firm established in 2004. It offers margin trading in foreign currencies on the over-the-counter (OTC) market via MetaTrader 4, as well as currency futures trading on the Tokyo Financial Exchange (TFX) through the Click 365 platform. The firm is regulated by Japan’s Financial Services Agency (FSA) and the Securities and Exchange Surveillance Commission (SESC). Accounts are available to Japanese citizens and permanent residents who hold a residence card, Basic Resident Registration Card, or Special Permanent Resident Certificate.
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- Reliable regulation since 2007;
- Access to a variety of currency contracts;
- Floating spreads from 0.6 pips in OTC trading;
- Free withdrawals under certain conditions and always free deposits;
- Client funds held in trust accounts at major financial institutions;
- Trading via different versions of MT4, including a demo account;
- Ability to trade contracts sized at 1,000 units of the base currency, reducing risk.
- Limited selection of currency instruments on MT4 - 25 pairs, with no exotic options;
- Fixed leverage at 1:25;
- No negative balance protection, market analysis, or online support.
FOREX EXCHANGE Trading Conditions
| 💻 Trading platform: | MetaTrader 4 (Desktop, Mobile App), Click365 |
|---|---|
| 📊 Accounts: | MT4 Account, DMA Account |
| 💰 Account currency: | JPY |
| 💵 Deposit / Withdrawal: | Bank transfers, quick deposit (PayPay Bank and other online and mobile banking systems), ATM, self-service terminal, or bank teller deposit |
| 🚀 Minimum deposit: | ¥100,000 |
| ⚖️ Leverage: | 1:25 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 lot |
| 💱 EUR/USD spread: | From 0.6 pips (on EURUSD) |
| 🔧 Instruments: | Currency pairs (OTC), currency futures (TFX exchange) |
| 💹 Margin Call / Stop Out: | 75% |
| 🏛 Liquidity provider: | Okayasu Shoji, Phillip Securities, FXCM, others |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Market Execution (MT4), Exchange Execution (Click365) |
| ⭐ Trading features: | No access to trading CFDs on metals, indices, cryptocurrencies, or other assets |
| 🎁 Contests and bonuses: | No |
FOREX EXCHANGE provides direct access to currency futures trading on the Tokyo Financial Exchange (TFX) through the Click 365 platform. All listed derivatives are executed using the Direct Market Access (DMA) model, which allows traders to place buy and sell orders directly on the exchange without intermediaries. The firm also offers over-the-counter (OTC) Forex trading through the MetaTrader 4 platform, enabling clients to trade currency pairs with flexible order execution and a suite of analytical tools.
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Trading Account Opening
FOREX EXCHANGE provides a client portal on its website for registered traders. An account can be opened online or in person. Below are the steps for opening an account remotely:
Click “Open Account” on any page of the website (top right corner).
Complete the application form. This includes entering personal information, employment details, income disclosure, and uploading identification documents.
Wait for verification. After submitting the form and documents, the broker will send your account number and login credentials by registered mail. Confirmation may take up to two business days.
Fund your account and get started. Once confirmed, you can deposit funds, install the trading platform on your PC or mobile device, and place your first order using your preferred currency pair.
Account types
FOREX EXCHANGE allows traders to hold multiple accounts to suit different trading strategies. Joint accounts are not available. MT4 accounts support smaller order sizes - from 0.01 to 0.1 lots - helping traders limit losses if the market moves against their position. The minimum deposit for all account types is ¥100,000.
Account types:
A 30-day demo account is available on MT4 with ¥100,000 in virtual funds and real-time quotes and charts.
Clients can manually trade or automate trading on the desktop MT4 platform for passive income.
Deposit and withdrawal
FOREX EXCHANGE received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
FOREX EXCHANGE offers limited payment options and accessibility, which may impact its competitiveness.
- Fast processing times
- No bank wire option
- High minimum withdrawal requirement
- USDT payments not accepted
What are FOREX EXCHANGE deposit and withdrawal options?
FOREX EXCHANGE offers a limited selection of deposit and withdrawal methods, including . This limitation may restrict flexibility for users, making FOREX EXCHANGE less competitive for those seeking diverse payment options.
FOREX EXCHANGE Deposit and Withdrawal Methods vs Competitors
| FOREX EXCHANGE | Plus500 | Pepperstone | |
| Bank Wire | No | Yes | Yes |
| Bank card | No | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are FOREX EXCHANGE's minimum deposit and withdrawal amounts?
The minimum deposit on FOREX EXCHANGE is $, while the minimum withdrawal amount is $. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FOREX EXCHANGE’s support team.
Markets and tradable assets
FOREX EXCHANGE offers a limited selection of trading assets compared to the market average. The platform supports 0 assets in total, including 0 Forex pairs.
- Multiple markets
- Bonds not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by FOREX EXCHANGE with its competitors, making it easier for you to find the perfect fit.
| FOREX EXCHANGE | Plus500 | Pepperstone | |
| Currency pairs | 60 | 90 | |
| Total tradable assets | 2800 | 1200 | |
| Stocks | Yes | Yes | |
| Commodity futures | Yes | Yes | |
| Crypto | Yes | Yes | |
| Stock indices | Yes | Yes | |
| Options | Yes | No |
Investment options
We also explored the trading assets and products FOREX EXCHANGE offers for beginner traders and investors who prefer not to engage in active trading.
| FOREX EXCHANGE | Plus500 | Pepperstone | |
| Bonds | No | No | |
| ETFs | Yes | Yes | |
| Copy trading | No | Yes | |
| PAMM investing | No | Yes | |
| Managed accounts | No | No |
Customer support
Company representatives are available Monday through Friday, from 10 a.m. to 5 p.m. (GMT+9). There is no service on weekends or public holidays.
Advantages
- Japanese-language phone support
Disadvantages
- No online support
- No interaction through social media or messengers
Both clients and non-clients can contact FOREX EXCHANGE through:
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Phone;
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Email;
-
Fax;
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In-person at company offices.
A feedback form is also available on the contact page of the broker’s website.
Contacts
| Registration address | 2-6-8 Shinkawa, Chuo-ku, Tokyo YH Bldg. 5F |
|---|---|
| Official site | https://www.forex-exchange.co.jp/ |
| Contacts |
Education
Education on trading currencies using MetaTrader 4 is found in the “My MT4” section of the website. Core educational content on currency futures is located in the Click365 platform section. A Forex glossary and FAQ are available in the support section.
Traders can start learning without funding a live account by opening a demo on MT4.
Comparison of FOREX EXCHANGE with other Brokers
| FOREX EXCHANGE | Bybit | Eightcap | XM Group | |
| Trading platform |
Click365, MetaTrader4 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App |
| Min deposit | No | No | $100 | $5 |
| Leverage |
From 1:1 to 1:25 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No |
| Accrual of % on the balance | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points |
| Level of margin call / stop out |
No / 75% | No / 50% | 80% / 50% | 100% / 50% |
| Order Execution | Market Execution, Exchange execution | Market Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No |
| Cent accounts | No | No | No | No |
Detailed Review of FOREX EXCHANGE
FOREX EXCHANGE specializes in margin trading in foreign currencies. Its trading processes are designed to comply with the Financial Instruments and Exchange Act, in force in Japan since 1948. Key partner banks include Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ Bank.
FOREX EXCHANGE enables trading in 25 currency pairs with leverage. Traders have access to both standard Forex order types (Market, Limit, Stop, OCO — One Cancels the Other, Trailing Stop), as well as more advanced options.
The If-Done order is a conditional combination of two orders, where one is executed only if the condition of the other is met. This type of order is used to automate trading and manage positions more effectively. FOREX EXCHANGE also allows partial and selective closing of orders.
Available order sizes include: 0.01 lot (1,000 units of the base currency), 0.1 lot (10,000 units), 1 lot (100,000 units), and 10 lots (1,000,000 units). The maximum order volume per transaction is 100 lots. There are no restrictions on the number of simultaneously open positions. The broker does not prohibit any trading styles or strategies.
FOREX EXCHANGE by the numbers:
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Founded in 2004 - more than 20 years ago;
-
Member of two professional futures and investment associations;
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Supervised by two regulators;
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Capital adequacy ratio as of March 2024: 533.37%.
Useful services from FOREX EXCHANGE:
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Pre-installed VPS via Onamae.com (¥1,250–¥3,590 per month);
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MT4 user guide with screenshots, hotkeys, and one-click order instructions;
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FAQ library covering services and fees.
Advantages:
MT4 commission included in the spread;
Orders with varied expiration—from unlimited to specific time;
24/5 market access with technical downtime under 10 minutes;
Floating spreads for all trades;
Copy trading and algorithmic trading (EAs and apps) are allowed.
Clients gain secure access to the global currency market through modern electronic platforms.
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