FOREX EXCHANGE review: Japanese broker details trading rules
FOREX EXCHANGE, a Japan-based online FX broker operating on an MT4 infrastructure, has published detailed guidance on how clients can trade on its platform, outlining the full set of order types, margin rules and risk controls that govern its over-the-counter foreign exchange service.
- Chosen by 3 200+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
The firm stresses that trading is available to users whose systems meet its recommended technical environment and that all communication is protected via SSL encryption to safeguard client data and transaction information.
In its support materials, the broker confirms that the same login credentials are used across PC and mobile interfaces and that passwords can be set and changed by clients via their account page. Password resets are handled through online forms and, in some cases, registered mail, with IDs and passwords not disclosed by phone for security reasons.
How trading works at FOREX EXCHANGE
FOREX EXCHANGE supports a wide range of FX order types, including streaming (market), limit, stop, IFD, OCO, IFO, FIFO, partial and immediate-close orders, as well as combined new-and-close instructions. Orders can generally be modified or canceled before execution, subject to network conditions. Non-market orders can be set with unlimited or date/time-specific validity.
The platform offers trading in units as small as 0.01 lot across all available pairs, with swap points accruing even at that minimum size; published swap figures are quoted per ¥100,000 and scaled down for smaller trades.
FX is provided strictly as margin trading: there is no physical delivery or currency conversion service, and all positions are settled in cash.
About FOREX EXCHANGE
FOREX EXCHANGE positions itself as a specialist FX margin broker for Japanese clients, offering small-ticket trading from 1,000 units, detailed swap and spread disclosures, and a rules-based approach to margin and risk management. To begin trading, clients generally must: open an account and fund the account with ¥100,000 to support 0.01 lot trades.
The broker’s extensive FAQ and support materials suggest an emphasis on transparency, particularly around leverage limits, forced liquidation thresholds and tax reporting obligations for Japanese residents.
As previously covered FXGlobe outlines key distinctions between PAMM and Copy Trading.
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