FXTF review: Japanese broker alerts users to fake overseas sites and fraud risks
Japanese broker FXTF has announced the introduction of multi-factor authentication (MFA) to enhance account security.Starting in November, users will be required to enter a one-time authentication code sent to their registered email address each time they log in.
- Chosen by 0+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
The company stated that these measures were implemented following an increase in cases of account hacking and unauthorized access.
In addition, FXTF has warned clients about the unauthorized use of its website and trademarks outside Japan, which is linked to fraudulent activity and phishing schemes.
“It has been confirmed that several fraudulent FXTF websites are operating overseas. These sites are not affiliated with FXTF, so we strongly urge you to exercise extreme caution when visiting such sites,” — the company said in a statement.
A broker for Japan
FXTF emphasized that its services are currently available exclusively in Japan. The company does not accept applications from outside Japan and asks for users’ understanding.
Its official website operates primarily in Japanese, with key announcements for foreign visitors provided in English for informational purposes.
As previously reported, FXTF is a broker with a solid reputation, offering competitive mid-market fees, strong liquidity—particularly for currency pairs—and leverage structures suited to most traders. The trading platforms are intuitive, feature-rich, and user-friendly. FXTF is known for transparency and customer focus: essential trading information is clearly presented, client inquiries are handled efficiently during business hours, and customer support is highly competent.
FXTF is regulated by the Japan Financial Services Agency (FSA), ensuring comprehensive protection of client funds and data.The broker also holds regular monthly promotions with attractive prizes. However, FXTF’s services remain available only to Japanese citizens residing in Japan.
As we wrote, FXDD review: From racing fame to smart trading with Autochartist
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