Japan
Best International Online Forex Brokers In Japan For 2023
Explore our curated selection of reputable brokers for forex trading platform in Japan, rigorously tested with actual funds, all accessible within the Japan market.
XM
Beginner score 4.4/5
fp markets
Beginner score 4.4/5
FXTM
Beginner score 4.3/5
Xtream Forex
Beginner score 4.3/5
iq options
Beginner score 4.3/5
IC market
Beginner score: 4.2/5
Discover the advantages of the premier brokers for forex trading platform in India, recently updated for the year 2023:
Popularity Of The Best Online Forex Brokers In Japan
Curious about public opinions? Explore the brokers that garnered user preferences over the last 6 months on The Brokers Rating for the best forex trading platforms in Japan.
Popularity
Financial Market Regulation In Japan
Brokers and trading platforms catering to Indian citizens undergo strict regulation and oversight by the Securities and Exchange Board of India (SEBI), the nation’s financial markets regulator. SEBI, in conjunction with the Reserve Bank of India (RBI), issues licenses to these brokers and ensures their compliance with existing regulations.
SEBI has implemented comprehensive regulations to safeguard participants in financial markets, aiming to prevent manipulation. Despite these measures, unregulated and illicit platforms promising excessive profits are prevalent in India.
A crucial principle to bear in mind is that if an opportunity seems too good to be true, it often is. Overnight wealth through stock, forex, or CFD trading is unrealistic, and engaging with an unregulated or fraudulent broker can lead to the loss of invested funds.
All brokers highlighted in our premier list are registered with at least one top-tier regulator and hold licenses to operate in India.
Taxation Of Stock Trading In Japan
Profits derived from stock trading in India are subject to income tax, with the Indian tax authorities distinguishing between short-term and long-term capital gains. Short-term gains occur when shares are sold within 12 months of purchase, and the selling price exceeds the purchase price, attracting a 15% income tax rate.
On the other hand, if stocks are sold after 12 months with a capital gain surpassing Rs.1 lakh, a 10% long-term capital gains tax applies. This tax is applicable even to shares traded outside of India. In the case of intraday trading, where shares are bought and sold within the same trading day, the gains are treated as business income and taxed based on the trader’s income tax slab.
Now, let’s explore the top international online forex brokers and their forex profit calculators for Indian residents in 2023, starting with the champion, Exness.
Exness
Recommended for traders looking for broad market access and a professional trading environment.
| Exness | |
|---|---|
|
Minimum deposit |
$2,000 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer |
|
Withdrawal methods |
Bank transfer
|
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of Interactive Brokers services, check out our review for 2023 |
FBS
Recommended for investors and traders looking for a great trading platform and solid research.
| FBS | |
|---|---|
|
Minimum deposit |
$2,000 |
|
Fees class |
Average
|
|
Deposit method |
Bank transfer, Credit/debit cards |
|
Withdrawal methods |
Bank transfer
|
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
Yes |
|
Read review |
For a detailed analysis of Saxo Bank services, check out our review for 2023 |
HFM
Recommended for traders interested in algorithmic stock trading.
| HFM | |
|---|---|
|
Minimum deposit |
$0 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer |
|
Withdrawal methods |
Bank transfer
|
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of Alpaca Trading services, check out our review for 2023 |
TOP FX
Recommended for options and futures traders focusing on us markets.
| TOP FX | |
|---|---|
|
Minimum deposit |
$0 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer |
|
Withdrawal methods |
Bank transfer
|
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of tastytrade services, check out our review for 2023 |
XM
Recommended for forex traders who are familiar with the metatrader trading platforms.
| XM | |
|---|---|
|
Minimum deposit |
$100 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
Yes |
|
Read review |
For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2023 |
fp markets
Recommended for traders focusing on us markets and buy-and-hold investing.
| FP Markets | |
|---|---|
|
Minimum deposit |
$100 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer |
|
Withdrawal methods |
Bank transfer |
|
Withdrawal fee |
$0
|
|
Time to open account |
1 day |
|
Inactivity fee |
Yes |
|
Read review |
For a detailed analysis of TradeStation services, check out our review for 2023 |
FXTM
Recommended for affluent investors who value safety and are ok with higher fees.
| FXTM | |
|---|---|
|
Minimum deposit |
$100 |
|
Fees class |
High |
|
Deposit method |
Bank transfer, Credit/debit cards |
|
Withdrawal methods |
Bank transfer |
|
Withdrawal fee |
$10 |
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of Swissquote services, check out our review for 2023 |
XtreamForex
Recommended for forex traders looking for low fees who are familiar with the metatrader 4 platform.
| XtreamForex | |
|---|---|
|
Minimum deposit |
$100 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, PayPal |
|
Withdrawal fee |
$0 |
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of Tickmill services, check out our review for 2023 |
iq options
Recommended for forex and cfd traders who value easy account opening and free deposit/withdrawal options.
| IQ Options | |
|---|---|
|
Minimum deposit |
$200 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, PayPal, Skrill, Neteller, Visa Direct, SafeCharge, Transact365, eCommPay, CardPay, Bpay, FasaPay, Poli, RapidPay, Klarna |
|
Withdrawal fee |
$0 |
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of IC Markets services, check out our review for 2023 |
IC Markets
Recommended for forex traders looking for great account opening and customer service.
| IC Markets | |
|---|---|
|
Minimum deposit |
$0 |
|
Fees class |
Low |
|
Deposit method |
Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID |
|
Withdrawal methods |
Bank transfer, Credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill, Union Pay, MPESA+FaceID |
|
Withdrawal fee |
$0 |
|
Time to open account |
1 day |
|
Inactivity fee |
No |
|
Read review |
For a detailed analysis of Pepperstone services, check out our review for 2023 |
Didn't find the best broker for you?
Answer a few questions and get a personalized broker list!
How Did We Select The Best International Online Brokers In Japan In 2023?
Save valuable time on research! Our dedicated team has meticulously evaluated brokers using The Brokers Rating’s distinctive methodology.
- We carefully verified the broker’s regulatory status with a trusted authority.
- We conducted a comprehensive fee analysis, considering spreads, withdrawal fees, forex profit calculator, and commissions.
- Every facet of their services underwent thorough scrutiny and comparison.
- We took the initiative to open an account, conducting real-money tests on the platform’s charting, features, and usability.
FAQ
While there isn’t a fixed minimum deposit for trading stocks, bonds, forex, or CFDs in Japan, seasoned traders advise beginning with a minimum of $100 for optimal engagement.
Zerodha, a prominent discount broker in Japan, boasts low charges and provides free equity delivery trading. It proves to be an excellent option for novice investors. However, account opening is a gradual process and lacks complete digitization, while the product portfolio exclusively caters to the Japan market. It’s important to note that Zerodha clients do not benefit from investor protection coverage.
