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 6 best brokers that offer accounts with JPY as the base currency:
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- Demo account
- Regulator: ASIC, VFSC, FSA
- Platforms: MT4, MT5, cTrader, TradingView, DupliTrade
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- Demo account
- Regulator: ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
- Min. deposit: $0
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- Demo account
- Regulator: FCA, CySEC, FSCA, FSC
- Platforms: WebTrader, UM Social, UM App, MT4, MT5
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- Demo account
- Instruments: Spot, Futures, Swaps, Options, X-Perps
- Regulator: FinCEN, VARA
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- Demo account
- Platforms: WebTrader, Mobile, MT4, MT5, TradingView
- Min. deposit: $100
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- Demo account
- Instruments: Stocks, Options, ETFs, ADRs, OTCs
- Platforms: Desktop Platform, Mobile App
Learn how we test brokers and why you can trust our ratings.
Here is a summary of why we recommend these brokers in October 2026:
- Fusion Markets 4.6/5 Fusion Markets is an online broker established in 2017 and regulated by the ASIC, VFSC and FSA. It is best known for its low-cost forex and CFD trading, although its multiple account types and copy trading solutions cater to a range of traders. New clients can sign up and start trading in 3 easy steps.
- FP Markets 4.2/5 Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to day traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
- Ultima Markets 3.9/5 Ultima Markets is a forex and CFD broker, established in 2016. The firm is regulated by several financial bodies, including the CySEC. Users can trade 250+ CFDs spanning major asset classes, from currencies to stocks and commodities. As well as the industry-leading MetaTrader 4 platform, clients can use the Ultima Markets app and social trading service.
- OKX 4.1/5 OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from trading to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.
- FOREX.com 4.3/5 Founded in 2001, 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.
- Moomoo 3.2/5 Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.
Brokers With JPY Accounts Comparison
| Broker | Minimum Deposit | Instruments | Platforms |
|---|---|---|---|
| Fusion Markets | $0 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, cTrader, TradingView, DupliTrade |
| FP Markets | $0 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral |
| Ultima Markets | $50 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO | WebTrader, UM Social, UM App, MT4, MT5 |
| OKX | 10 USDT | Spot, Futures, Swaps, Options, X-Perps | AlgoTrader, Quantower |
| FOREX.com | $100 | Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | WebTrader, Mobile, MT4, MT5, TradingView |
| Moomoo | $0 | Stocks, Options, ETFs, ADRs, OTCs | Desktop Platform, Mobile App |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Fusion Markets | 9999 | ||||
| FP Markets | 10349 | ||||
| Ultima Markets | 971 | ||||
| OKX | 1797 | ||||
| FOREX.com | 2526 | ||||
| Moomoo | 744 |
Fusion Markets
Fusion Markets is a standout option for forex traders looking for excellent pricing with spreads near zero, industry-low commissions and recently TradingView integration. It’s a particularly good broker for Australian traders where the company is headquartered and regulated by the ASIC.
Jemma Grist, Reviewer
Fusion Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator
- ASIC, VFSC, FSA
- Platforms
- MT4, MT5, cTrader, TradingView, DupliTrade
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- Fusion Markets is set up to support algo traders with a sponsored VPS solution and a 25% discount if you opt for the NYC Servers VPS for MT4 or cTrader.
- Fusion Markets continues to impress with its pricing that provides tight spreads with below-average commissions that will appeal to active day traders.
- Average execution speeds of around 37 milliseconds are noticeably faster than many rivals and can help day traders secure optimal prices in fast-moving markets.
Cons
- Traders outside of Australia must sign up with weakly regulated global entities with limited safeguards, though in August 2026 they made negative balance protection available to all eligible accounts.
- The demo account expires after 30 days, limiting its potential as a useful trading tool alongside a real-money account.
- Fusion Market trails alternatives, notably IG, in the education department with limited guides and live video sessions to upskill new traders.
FP Markets
FP Markets strikes an ideal balance between affordability and quality for active traders. They’ve managed to keep trading costs low while expanding their investment offering, charting tools, and research features, all while providing excellent support you can rely on for urgent trading queries.
Christian Harris, Reviewer
FP Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
- Regulator
- ASIC, CySEC, FSA, FSCA, FSC, SCB, CMA-Kenya
- Platforms
- Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- FP Markets delivers fast and dependable support, available 24/5 with average response times of less than 1 minute during testing.
- AI-powered sentiment analysis, trading signals and real-time NewsIQ research, integrated with MT4 and MT5, has been added via FP Markets Intelligence.
- FP Markets offers a superb selection of tradable assets, especially since expanding its suite of commodities and supporting over 10,000 stocks.
Cons
- While pricing in the Raw account is excellent, spreads in the Standard account trail the cheapest brokers with a 1.1-pip average spread on the EUR/USD compared to the 0.8-pip average at IC Markets.
- Although Traders Hub provides rich research, notably the Daily Report, Technical Report, Market Insights, and Fundamental Analysis, it needs to widen its daily content variety and keep its forex news updated to match category leaders like IG.
- FP Markets trails the best MetaTrader brokers, despite offering a Trader's Toolbox on MT4, just 130 instruments are available, limiting opportunities for serious traders, especially compared to Pepperstone with its 1,300 assets.
Ultima Markets
Ultima Markets is best for beginners looking to speculate on popular financial markets on the reliable MetaTrader 4 or more recently the MetaTrader 5 platform. The minimum deposit is accessible at $50, there are no fees when you open and fund your account, and the addition of the Academy makes for a supportive learning environment.
Jemma Grist, Reviewer
Ultima Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO
- Regulator
- FCA, CySEC, FSCA, FSC
- Platforms
- WebTrader, UM Social, UM App, MT4, MT5
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, HKD, SGD
Pros
- Regulated by the CySEC and more recently the FCA, boosting its trust score
- Fast execution speeds averaging <20ms
- Education has been stepped up with the Academy, featuring 1,100+ articles
Cons
- Weak regulatory oversight through the offshore branch
- $20,000 minimum deposit required for the very best trading conditions
- Slow sign-up process compared to rivals
OKX
OKX is a top pick for crypto traders looking for emerging coins and crypto projects to invest in. Traders can also make use of the broker's copy trading service and automated bots.
William Berg, Reviewer
OKX quick facts
- Demo Account
- ✔Yes
- Instruments
- Spot, Futures, Swaps, Options, X-Perps
- Regulator
- FinCEN, VARA
- Platforms
- AlgoTrader, Quantower
- Minimum Deposit
- 10 USDT
- Minimum Trade
- Variable
- Account Currencies
- USD, EUR, GBP, INR, JPY, SGD, RUB, AED, SAR
Pros
- OKX has 50 million global clients and a license from the Dubai Virtual Assets Regulatory Authority
- There's an impressive range of blockchain products, including DeFi services, NFTs and games, alongside 400+ established and emerging coins
- X-Perps, added in 2026, provides opportunities on traditional financial assets, including US stocks and commodities
Cons
- The quality of customer support was inconsistent based on testing
- The broker's platform and features may be complex for novices
- In 2025 OKX agreed to pay over $500 million in penalties for violating AML laws in the US
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
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto
- Regulator
- NFA, CFTC, CIRO, FCA, CySEC, ASIC, FSA, MAS, CIMA, CMA-UAE
- Platforms
- WebTrader, Mobile, MT4, MT5, TradingView
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
Pros
- There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
- FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
- 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.
Cons
- FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
- There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
- The group being FOREX.com, GAIN Capital Group LLC, had to pay a $700k fine to NFA for improperly handling some client accounts.
Moomoo
Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees.
Jemma Grist, Reviewer
Moomoo quick facts
- Demo Account
- ✔Yes
- Instruments
- Stocks, Options, ETFs, ADRs, OTCs
- Regulator
- SEC, FINRA, SIPC, MAS, SFC, ASIC, FMA, CIRO, CIPF, JFSA, SC
- Platforms
- Desktop Platform, Mobile App
- Minimum Deposit
- $0
- Minimum Trade
- $0
- Account Currencies
- USD, CAD, AUD, JPY, MYR, HKD, SGD, CNY
Pros
- There are reduced options contract fees from $0.65 to $0
- Moomoo's analytics and insights are impressive and detailed compared to other brands
- API Skills provides agentic investing to retail traders, whereby users can connect their personal AI agents like Claude or OpenAI to Moomoo's infrastructure to execute algo strategies in plain natural language
Cons
- Moomoo has faced multiple regulatory penalties in recent years, including fines and orders in 2026 that stopped it temporarily accepting some Japanese and Chinese clients
- There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
- The account range is narrow compared to other brokerages in its class with no managed portfolios or robo-advisor solutions
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, 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.