Brokers With JPY Accounts

Written By

James Barra

Edited By

Jemma Grist

Fact Checked By

William Berg

Updated

Jun 13, 2024

Brokers with JPY accounts make managing your trading portfolio in Japanese Yen hassle-free. Due to Japan’s massive international economy, the Yen is the third most traded currency worldwide after the U.S. Dollar and Euro, making up 19% of the daily forex market turnover. This page will explain how JPY accounts work, including their benefits. We also list the best brokers with JPY accounts below.

Brokers With JPY Accounts

These are the 8 best brokers that offer accounts with JPY as the base currency:

Click a broker for details

1

FOREX.com

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FOREX.com Review

New Customer Bonus Offer Active Trader Program With A 15% Reduction In Costs

Ratings

Regulation & Trust 4.9 / 5

Accounts & Banking 4 / 5

Assets & Markets 4.3 / 5

Fees & Costs 4.6 / 5

Platforms & Tools 4.6 / 5

Customer Support 4.3 / 5

Research 4.8 / 5

Education 4.5 / 5

iOS App 3.6 / 5

Android App 3.8 / 5

Minimum Deposit $100

Minimum Trade 0.01 Lots

Leverage 1:50

Regulator NFA, CFTC

Instruments Forex, Stocks, Futures, Futures Options

Platforms MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral

Payment Methods Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

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2

OANDA US

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OANDA US Review

CFDs are not available to residents in the United States.

Ratings

Regulation & Trust 4.5 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 2.8 / 5

Fees & Costs 4 / 5

Platforms & Tools 4.5 / 5

Customer Support 3.5 / 5

Research 4.3 / 5

Education 3.8 / 5

iOS App 4.7 / 5

Android App 3.7 / 5

Minimum Deposit $0

Minimum Trade 0.01 Lots

Leverage 1:50

Regulator NFA, CFTC

Instruments Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)

Platforms OANDA Trade, MT4, TradingView, AutoChartist

Payment Methods Wire Transfer, Visa, Mastercard, Debit Card, ACH Transfer

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

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3

IG

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IG Review

Forex trading involves risk. Losses can exceed deposits.

Ratings

Regulation & Trust 4.9 / 5

Accounts & Banking 4 / 5

Assets & Markets 4.5 / 5

Fees & Costs 3.5 / 5

Platforms & Tools 4.8 / 5

Customer Support 4.5 / 5

Research 4.9 / 5

Education 5 / 5

iOS App 4.6 / 5

Android App 4 / 5

Minimum Deposit $0

Minimum Trade 0.01 Lots

Leverage 1:30 (Retail), 1:250 (Pro)

Regulator FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB

Instruments CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting

Platforms Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral

Payment Methods PayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit Card

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

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4

Interactive Brokers

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Interactive Brokers Review

Ratings

Regulation & Trust 4.5 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 4.5 / 5

Fees & Costs 4.3 / 5

Platforms & Tools 3.3 / 5

Customer Support 3 / 5

Research 4.4 / 5

Education 4.3 / 5

iOS App 4.3 / 5

Android App 4.5 / 5

Minimum Deposit $0

Minimum Trade $100

Leverage 1:50

Regulator FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA

Instruments Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies

Platforms Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral

Payment Methods Cheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit Card

Account Currencies USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

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5

xChief

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xChief Review

New Customer Bonus Offer $100 No Deposit Bonus

Minimum Deposit $10

Minimum Trade 0.01 Lots

Leverage 1:1000

Regulator VFSC

Instruments CFDs, Forex, Metals, Commodities, Stocks, Indices

Platforms MT4, MT5

Payment Methods Wire Transfer, Bitcoin Payments, Credit Card, UnionPay, Skrill, Neteller, WebMoney, Perfect Money, Debit Card, Ethereum Payments, FasaPay, Volet

Account Currencies USD, EUR, GBP, JPY, CHF

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6

Revolut

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Revolut Review

Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested.

Minimum Deposit $0

Minimum Trade $1

Leverage

Regulator FINRA, SEC

Instruments Stocks, Cryptos

Platforms Own

Payment Methods Wire Transfer, Debit Card, Credit Card, Apple Pay, Google Wallet, Visa, Mastercard

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, NOK, DKK, CHF, HKD, PLN, CZK, HUF

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7

Kraken

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Kraken Review

New Customer Bonus Offer Lower fees when trading volume exceeds $50,000 in 30 days

Minimum Deposit $10

Minimum Trade Variable

Leverage

Regulator FCA, FinCEN, FINTRAC, AUSTRAC, FSA

Instruments Cryptos

Platforms AlgoTrader

Payment Methods Bitcoin Payments, Wire Transfer, PayID, Silvergate Bank Transfer, Etana, Ethereum Payments

Account Currencies USD, EUR, GBP, CAD, AUD, JPY, CHF

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8

Zacks Trade

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Zacks Trade Review

Minimum Deposit $2500

Minimum Trade $3

Leverage

Regulator FINRA

Instruments Stocks, ETFs, Cryptos, Options, Bonds

Platforms Own

Payment Methods Wire Transfer, ACH Transfer, Cheque

Account Currencies USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF

Go To Zacks Trade

Here is a short overview of each broker's pros and cons

FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
OANDA US - OANDA is a popular brand offering exceptional execution, low deposit requirements and advanced charting and trading platform features. The top-rated brand has over 25 years of experience and is regulated by trusted agencies, including the NFA/CFTC. Around the clock support is available for short-term traders, alongside flexible contract sizes and automated trade executions.
IG - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
xChief - xChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
Revolut - Revolut is a popular financial app that also offers trading on stocks, metals and digital currencies. The brand has over 25 million users worldwide with a choice of accounts, tools and services to suit different needs and budgets, including online investing and currency exchange.
Kraken - Kraken is a leading cryptocurrency exchange with a proprietary trading terminal and a list of 220+ tradeable crypto tokens. Up to 1:5 leverage is available with stable rollover fees on spot crypto trading and up to 1:50 on futures. The exchange also supports crypto staking and has an interactive NFT marketplace.
Zacks Trade - Zacks Trade is a FINRA-regulated US broker offering trading on stocks, ETFs, cryptocurrencies, bonds and more through a proprietary terminal. The broker is geared toward active traders and offers very affordable fees on most assets as well as an app and a vast amount of market data.

Brokers With JPY Accounts Comparison

Brokers With JPY Accounts Comparison
Minimum Deposit	Instruments	Platforms
$100	Forex, Stocks, Futures, Futures Options	MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
$0	Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)	OANDA Trade, MT4, TradingView, AutoChartist
$0	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting	Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
$0	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies	Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
$10	CFDs, Forex, Metals, Commodities, Stocks, Indices	MT4, MT5
$0	Stocks, Cryptos	Own
$10	Cryptos	AlgoTrader
$2500	Stocks, ETFs, Cryptos, Options, Bonds	Own

FOREX.com

"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
Christian Harris, Reviewer

FOREX.com Quick Facts

Bonus Offer	Active Trader Program With A 15% Reduction In Costs
Demo Account	Yes
Instruments	Forex, Stocks, Futures, Futures Options
Regulator	NFA, CFTC
Platforms	MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Minimum Deposit	$100
Minimum Trade	0.01 Lots
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN

Pros

With over 20 years of experience, excellent regulatory oversight, and multiple accolades including runner-up in our 'Best Forex Broker' awards, FOREX.com boasts a global reputation as a trusted brokerage.
The in-house Web Trader continues to shine as one of the best-designed platforms for aspiring day traders with a slick design and over 80 technical indicators for market analysis.
There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.

Cons

There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
Despite increasing its range of instruments, FOREX.com's product portfolio is still limited to forex and CFDs, so there are no options to invest in real stocks, real ETFs or real cryptocurrencies.
Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.

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FOREX.com Review

OANDA US

"OANDA remains an excellent broker for US day traders seeking a user-friendly platform with premium analysis tools and a straightforward joining process. OANDA is also heavily regulated with a very high trust score."
Jemma Grist, Reviewer

OANDA US Quick Facts

Demo Account	Yes
Instruments	Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA)
Regulator	NFA, CFTC
Platforms	OANDA Trade, MT4, TradingView, AutoChartist
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, CHF, HKD, SGD

Pros

There's a strong selection of 68 currency pairs for dedicated short-term forex traders
Seasoned day traders can access industry-leading tools, including an MT4 premium upgrade and advanced charting provided by MotiveWave
Beginners can get started easily with $0 minimum initial deposit

Cons

It's a shame that customer support is not available on weekends
The range of day trading markets is limited to forex and cryptos only
There's only a small range of payment methods available, with no e-wallets supported

Visit OANDA US

OANDA US Review

IG

"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."
Christian Harris, Reviewer

IG Quick Facts

Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Regulator	FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
Platforms	Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
Minimum Deposit	$0
Minimum Trade	0.01 Lots
Leverage	1:30 (Retail), 1:250 (Pro)
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Pros

IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, providing ample diversification opportunities
The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award

Cons

While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
IG has discontinued its swap-free account, reducing its appeal to Islamic traders
Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges

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IG Review

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
Christian Harris, Reviewer

Interactive Brokers Quick Facts

Demo Account	Yes
Instruments	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Regulator	FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
Platforms	Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Minimum Deposit	$0
Minimum Trade	$100
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for day traders at every level.
There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.

Cons

TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.

Visit Interactive Brokers

Interactive Brokers Review

xChief

"xChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback."
William Berg, Reviewer

xChief Quick Facts

Bonus Offer	$100 No Deposit Bonus
Demo Account	Yes
Instruments	CFDs, Forex, Metals, Commodities, Stocks, Indices
Regulator	VFSC
Platforms	MT4, MT5
Minimum Deposit	$10
Minimum Trade	0.01 Lots
Leverage	1:1000
Account Currencies	USD, EUR, GBP, JPY, CHF

Pros

The low minimum deposit of $10 will appeal to beginners, as well as the beginners’ guides in the Library
xChief offers STP/ECN execution with low spreads from 0.0 pips and low commission rates starting from $2.50 per side
xChief delivers a high-quality day trading environment via the MT4 and MT5 platforms, with market-leading charts, indicators and tools

Cons

xChief is an offshore broker with weak regulatory oversight from the VFSC, so traders will receive limited safeguards
The Classic+ and Cent accounts provide access to fewer instruments than the other account types, at 50+ and 35+, respectively
The total range of 150+ assets is much lower than most competitors who typically offer hundreds

Visit xChief

xChief Review

Revolut

"Revolut is suitable for casual stock traders looking for an easy-to-use app with transparent fees and a low minimum investment."
William Berg, Reviewer

Revolut Quick Facts

Demo Account	No
Instruments	Stocks, Cryptos
Regulator	FINRA, SEC
Platforms	Own
Minimum Deposit	$0
Minimum Trade	$1
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, NOK, DKK, CHF, HKD, PLN, CZK, HUF

Pros

Beginner-friendly mobile investing application
24/7 live chat support
Secure trading environment & login protocols

Cons

No margin trading
No advanced trading platform
Relatively narrow product range

Visit Revolut

Revolut Review

Kraken

"Kraken will suit traders looking for a diverse list of cryptos including Bitcoin and a good security track record."
William Berg, Reviewer

Kraken Quick Facts

Bonus Offer	Lower fees when trading volume exceeds $50,000 in 30 days
Demo Account	Yes
Instruments	Cryptos
Regulator	FCA, FinCEN, FINTRAC, AUSTRAC, FSA
Platforms	AlgoTrader
Minimum Deposit	$10
Minimum Trade	Variable
Account Currencies	USD, EUR, GBP, CAD, AUD, JPY, CHF

Pros

Excellent range of 220+ more established cryptocurrencies
Crypto staking
NFT marketplace and crypto staking available

Cons

Slow verification process on Pro account
Slow verification times
Low leverage on spot trading

Visit Kraken

Kraken Review

Zacks Trade

"Zacks Trade will suit active day traders with experience using powerful platforms. Fees and margin rates are low while the market research is excellent."
Tobias Robinson, Reviewer

Zacks Trade Quick Facts

Demo Account	Yes
Instruments	Stocks, ETFs, Cryptos, Options, Bonds
Regulator	FINRA
Platforms	Own
Minimum Deposit	$2500
Minimum Trade	$3
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF

Pros

Demo account
20+ account denominations
Customizable proprietary trading platform and mobile app

Cons

High minimum requirement of $2,500
Shortcomings regarding platform loading times and technical glitches
Withdrawal fees apply if removing funds more than once per month

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Zacks Trade Review

What Is A JPY Account?

A JPY account is an online trading account that uses the Japanese Yen as its base currency. This type of account holds many benefits for Japanese traders or traders from the Republic of the Union of Myanmar. The Yen is widely used as a reserve currency after USD, EUR and GBP, making it a stable currency and an attractive base currency for many traders.

Brokers with a JPY account allow users to trade on popular forex pairs such as the JPY/USD and JPY/EUR as well as cryptos and other assets without currency conversion fees.

Pros Of Brokers With JPY Accounts

Holding a JPY account provides several advantages:

Easy access – Japanese traders will want to find an account that offers straightforward access to international markets and finding a broker with a JPY account make that trading process simpler.
No conversion fees – Traders in Japan or holding JPY who are looking to access international markets may be frustrated by the currency conversion fees some platforms charge. Fortunately, most brokers that offer JPY accounts allow users to trade in Yen with zero conversion fees.
Regulation – It is important for traders based in Japan to find a broker which is fully regulated by the Financial Services Agency (金融庁, Kin’yū-chō, FSA), which is responsible for overseeing banking, securities and exchanges, plus insurance sectors in Japan. All brokers with JPY accounts in Japan must be regulated by the FSA. Foreign cryptocurrency exchanges are also allowed to operate if they can prove an equivalent registration standard in their host country. This provides security and peace of mind to those trading in Japan or with the Yen.
Deposits and withdrawals – An important part of finding the right broker in any country is the ease with which a user can make deposits or withdrawals. Brokers offering JPY accounts make it quick and easy to make deposits and withdrawals in Yen.

How To Check A Broker Offers A JPY Account

Not all brokerages allow users to open a trading account denominated in Japanese Yen. Check the accounts section on their website to see if they offer a JPY account. If this is not clear, get in touch with their customer service department. Most reputable brokers offer a 24/7 live chat or phone line which can point you in the right direction.

How To Compare Brokers With JPY Accounts

If you are interested in opening a JPY account but are unsure which broker to go for, we have compiled a list of things to look out for:

Market access – Before opening an account, it’s helpful to know which markets you want to trade on. JPY is an extremely popular trading currency; however, different platforms will have different FX pairs that they believe will be most popular with their customers. Have a look at what markets you are interested in and check out the broker’s website to see if your desired product is available.
Fees – Charges vary significantly between online brokers with JPY accounts. Depending on how often you trade and which assets you invest in, different price structures may suit your needs. Fees usually take the form of spreads and/or commissions. Different brokers may also have overnight holding fees and inactivity charges.
Regulation – Trading can be risky, so finding a broker that is fully regulated and insured is important to help protect your capital. The Financial Services Agency (金融庁, Kin’yū-chō, FSA) is the body responsible for overseeing trading in Japan and the Republic of the Union of Myanmar. Be sure to find a broker with JPY accounts that are regulated by the FSA to help provide a secure trading experience.
Rewards and bonuses – Many brokers with JPY accounts offer rewards for customers such as interest on deposits, loyalty schemes and referral programmes. Be wary of any scheme that seems too good to be true, as there could be hidden requirements.
Mobile app – Trading can quickly become a full-time venture, especially if you’re interested in the crypto market, which is open 24/7. As a result, a high-quality, user-friendly mobile app can prove important. This will allow you to carry out trades with ease no matter where you are or what the time is.
Demo account – Most platforms provide a demo account, loaded with virtual funds, which allow you to test out the features of an app before you invest any Yen. This is also a great way to refine your skills and reduce risk when it comes to real trades.

Taxes

If you are trading in Japan using brokers with JPY accounts, you may need to pay capital gains tax. A non-resident or non-permanent resident must only pay capital gains tax on income received in Japan, while a resident must pay capital gains tax on all income received, either in Japan or abroad. If you earn ¥200,000 or more from trading, these profits are considered miscellaneous income and are taxable. The basic rate of capital gains tax in Japan is 20%.

Consult a local tax advisor for clarity before you start trading.

Final Word On Brokers With JPY Accounts

With a high GDP, a solid industrial base, and some of the best-known companies in the world, Japan is an attractive location for investors. Furthermore, Japan currently has the most progressive regulatory system in the world for cryptocurrencies and is one of the only countries that recognises Bitcoin and other digital currencies as legal property under the Payment Services Act (PSA).

There are many Japanese and international brokers that accept JPY as the base currency. Make sure to carry out research and choose a broker which is best suited to your needs.

FAQ

Which Brokers Have A JPY Account?

Many brokers have a strong international presence, with several offices around the globe. Some reputable brokers who work in Japan include IG, Ayondo, Plus 500, Interactive Brokers, Saxo and Pepperstone.

Is Crypto Legal In Japan?

Yes, Japan has one of the world’s most progressive regulatory systems for cryptocurrency. Bitcoin and other digital currencies are recognised as legal property under the Payment Services Act (PSA).

How Do I Choose A Broker With A JPY Account?

When deciding between JPY brokers there are several factors to consider. These include market access, fees, regulation, rewards, platforms and mobile apps. Check out our list for our top picks.

Is Trading In Japan A Good Idea?

Japan has the world’s third-largest GDP, trailing the USA and China. It also has one of the biggest Bitcoin markets in the world. This coupled with a highly educated population, a strong industrial base, plus some of the biggest brands in the world means that Japan is an attractive location for traders from across the globe.

Do I Pay Taxes Trading In Japan?

If you earn ¥200,000 or more from trading, these profits are considered miscellaneous income and are therefore taxable. The basic rate of capital gains tax in Japan is 20%. In December 2017, the National Tax Agency ruled that gains on cryptocurrencies should also be considered miscellaneous income and taxed accordingly.