FOREX EXCHANGE Review 2026

Item: FOREX EXCHANGE
Rating: 5.2
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 16, 2026

Top Brokers Overview — United States

Min. deposit JPY100,000
Fees 6 /10
Account types 2.2 /10
Regulation 8 /10

5.2 /10

Moderate risk

FOREX EXCHANGE User Reviews 6.7
Commissions and Fees 6.0
Regulation and Safety 8.0
Account Types 2.2
Deposit and Withdrawal 3.3
Markets and Tradable Assets 1.0
Trading Account Opening 5.0
Customer Support 6.0

FOREX EXCHANGE Pros & Cons

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.

TU Expert Verdict

FOREX EXCHANGE demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

Top-5 Brokers Traders Prefer

zForex

8.1 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

FOREX EXCHANGE User Reviews

Score:

6.7 /10

6 total

5-star

0%
4-star

33%
3-star

67%
2-star

0%
1-star

0%

For the most part, I like trading with FOREX EXCHANGE broker. Except that I would like to see faster withdrawals of funds and a wider range of currency pairs. MT4 terminal should be replaced by MT5 or both. I do not like MetaTrader 4 very much, but I have to use it, as FOREX EXCHANGE does not offer anything else for the OTC market. There are no comments on the level of spreads. The broker does not charge additional trading commissions, as well as hidden fees. Slippages are rare. The speed of order execution is good.

По большей части мне нравится торговать через брокера FOREX EXCHANGE. Разве что хочется, чтобы выводы средств проводили более быстро и разнообразили ассортимент валютных пар. Терминал МТ4 стоит заменить на МТ5 или же предложить их оба. Мне MetaTrader 4 не очень нравится, но приходится его использовать, так как для рынка ОТС FOREX EXCHANGE больше ничего не предлагает. К уровню спредов замечаний нет. Дополнительные торговые комиссии, как и скрытые сборы, брокер не удерживает. Проскальзывания происходят редко. Скорость исполнения ордеров хорошая.

FOREX EXCHANGE broker will disappoint those looking for a wide variety of currency pairs. Although it specializes in Forex, there are not many currencies available. I trade EURUSD, USDJPY and EURJPY, so the broker suits me. Moreover, the spreads are quite narrow, if we compare with other STP-brokers. FOREX EXCHANGE took a long time to open an account, although I uploaded all the necessary documents and filled out the registration form correctly. It took about 5 days to check and receive a letter confirming the account opening, but the deposit was processed on the day I sent it.

Брокер FOREX EXCHANGE разочарует тех, кто ищет широкое разнообразие валютных пар. Хоть он и специализируется на Форекс, валют доступно не так уж много. Я торгую EURUSD, USDJPY и EURJPY, поэтому мне брокер подходит. Тем более что спреды достаточно узкие, если сравнивать с другими STP-брокерами. Счет компания FOREX EXCHANGE открывала долго, хотя я загрузил все необходимые документы и правильно заполнил форму регистрации. Проверка и получение письма с подтверждением открытия счета заняла около 5 дней, но депозит обработали в день, когда я его отправил.

FOREX EXCHANGE is a currency broker, which is exactly what I was looking for. I used to trade major pairs with leverage of 1:20. Now I have to use 1:25. Yes, a little higher, but the broker does not allow you to reduce the available value. I can't say anything bad about FOREX EXCHANGE spreads, as they always correspond to the market situation. For example, during the day on the EURUSD pair Wednesday they stay within 0.6-0.8 points, in the evening they reach 1 point, if there are no important news. The broker always withdraws funds to the bank account from which the deposit was credited. Alternative ways of depositing money are still unavailable.

FOREX EXCHANGE — это брокер валют, именно такого я и искал. Раньше я торговал основными парами с плечом в 1:20. Сейчас приходится использовать 1:25. Да, чуть выше, но брокер не позволяет уменьшать доступное значение. О спредах FOREX EXCHANGE не могу сказать ничего плохого, так как они всегда соответствуют ситуации на рынке. Например, в течение дня по паре EURUSD среды держатся в пределах 0,6-0,8 пункта, вечером доходят до 1 пункта, если не выходят важные новости.
Брокер всегда выводит средства на тот банковский счет, с которого был зачислен депозит. Альтернативные способы внесения денег все еще недоступны.

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Commissions and Fees

Score:

6 /10

The trading and non-trading commissions of FOREX EXCHANGE have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
No inactivity fee
No deposit fee
No withdrawal fee

No ECN/Raw Spread account

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of FOREX EXCHANGE with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, FOREX EXCHANGE’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

FOREX EXCHANGE Standard spreads
	FOREX EXCHANGE	ZForex	OANDA
EUR/USD min, pips	-	0.1	0.1
EUR/USD max, pips	-	0.4	0.5
GPB/USD min, pips	-	0.2	0.1
GPB/USD max, pips	-	0.6	0.5

Does FOREX EXCHANGE support RAW/ECN accounts?

As we discovered, FOREX EXCHANGE does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with FOREX EXCHANGE. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

FOREX EXCHANGE Non-Trading Fees
	FOREX EXCHANGE	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	3.65	0-15
Inactivity fee ($, per month)	0	0

Is FOREX EXCHANGE Safe?

Score:

8 /10

FOREX EXCHANGE has a safety score of 8/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Tier-1 regulated

No negative balance protection

FOREX EXCHANGE Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
JFSA	Full Name Japan Financial Services Agency	Country of regulation Japan	Investor Protection Fund No specific fund	Regulation Level Tier-1

FOREX EXCHANGE Security Factors
Foundation date	-
Negative balance protection	No
Verification (KYC)	Yes

Account Types

Score:

2.2 /10

FOREX EXCHANGE offers the following account options: Demo, Standard.

FOREX EXCHANGE covers the core account types, making it convenient for traders with different preferences and strategies.

Standard account with balanced trading conditions
Demo account
Low minimum deposit

No ECN/Raw spread account
Micro lots are not available

FOREX EXCHANGE account types vs top competitors
	FOREX EXCHANGE	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	No	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	No	No	No
Swap Free	No	Yes	Yes
VIP	No	No	No
Managed	No	No	No

FOREX EXCHANGE accounts trading conditions

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:

Account Type	Description
MT4 Account	Designed for OTC forex trading. The commission is built into the floating spread.
DMA Account	Designed for trading currency futures on the Click365 platform. A fixed fee of ¥110 is charged per contract.

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

Score:

3.3 /10

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.

No deposit fee
Low minimum withdrawal requirement
Minimum deposit below industry average
Bank wire transfers available

PayPal not supported
Only major base currencies available
USDT payments not accepted

What are FOREX EXCHANGE deposit and withdrawal options?

FOREX EXCHANGE offers a limited selection of deposit and withdrawal methods, including Bank Wire. 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	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	No	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	No	Yes	No

What are FOREX EXCHANGE base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FOREX EXCHANGE supports the following base account currencies: JPY.

What are FOREX EXCHANGE's minimum deposit and withdrawal amounts?

The minimum deposit on FOREX EXCHANGE is JPY100,000, while the minimum withdrawal amount is $0. 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

Score:

1 /10

FOREX EXCHANGE offers a limited selection of trading assets compared to the market average. The platform supports 25 assets in total, including 25 Forex pairs.

Multiple markets

Crypto trading not available
Small selection of currency pairs

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	ZForex	Plus500
Currency pairs	25	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	25	80	2800
Stocks	No	Yes	Yes
Commodity futures	No	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	No	Yes	Yes
Stock indices	No	No	Yes
Options	No	No	Yes

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	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	No	Yes	No
PAMM investing	No	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

5 /10

We successfully registered an account with FOREX EXCHANGE in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at FOREX EXCHANGE is JPY100,000.

The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.

Fully online account opening process
Low minimum deposit requirement

Registration process may take longer than expected
Account approval may require extra time depending on the documentation.

FOREX EXCHANGE account opening
	FOREX EXCHANGE	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	JPY100,000	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	20	8	5
KYC time (days)	2	1	3

Is FOREX EXCHANGE available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

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.

Customer Support

Score:

6 /10

Customer support at FOREX EXCHANGE is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. FOREX EXCHANGE provides basic support functionality but does not stand out in overall service performance.

Information

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.

Japanese-language phone support

No online support
No interaction through social media or messengers

Both clients and non-clients can contact FOREX EXCHANGE through:

Phone;
Email;
Fax;
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
Regulation	JFSA, SESC
Official site	https://www.forex-exchange.co.jp/
Contacts	support@forex-exchange.co.jp

Best FOREX EXCHANGE Alternatives

zForex

8.1 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How do expert reviews describe the regulation and safety level of FOREX EXCHANGE?

FOREX EXCHANGE has a safety score of 8/10, which corresponds to a high security level in the review. It is regulated by the Japan Financial Services Agency (JFSA), a Tier-1 regulator, and requires KYC verification, but it does not provide negative balance protection and no specific investor compensation fund is mentioned.

What account types and trading conditions are available with FOREX EXCHANGE?

The review states that FOREX EXCHANGE offers Demo and Standard accounts, with no Swap Free, ECN/Raw spread, cent, micro, VIP, or managed accounts. Traders can open MT4 accounts for OTC forex with commission built into floating spreads, or DMA accounts for currency futures on Click365 with a fixed fee of ¥110 per contract, and the minimum deposit for all accounts is ¥100,000.

What do user reviews say about overall satisfaction with FOREX EXCHANGE?

User satisfaction is described as mixed, with a score of 6.7/10 based on 6 reviews. According to user reviews, 33% are 4-star and 67% are 3-star, while there are no 5-star, 2-star, or 1-star ratings in the data provided.

Which markets and instruments are covered by FOREX EXCHANGE according to reviews?

The review notes that FOREX EXCHANGE offers a limited selection of 25 tradable assets, all of which are forex currency pairs. It specifies that there are no stocks, commodity futures, crypto, stock indices, options, bonds, ETFs, copy trading, PAMM investing, or managed account products available.

What feedback is provided about FOREX EXCHANGE customer support options and availability?

The review indicates that FOREX EXCHANGE offers basic customer support with moderate response times, and service quality can vary depending on the request. Support is available in Japanese by phone, as well as via email, fax, in-person visits, and a website feedback form, operating Monday to Friday from 10 a.m. to 5 p.m. (GMT+9), with no service on weekends or public holidays and no online chat or social media support.