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
- Platforms: MT4, MT5, TradingCentral
- Min. deposit: $5
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- Demo account
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
- Min. deposit: $200
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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
- Min. deposit: $0
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: FCA, FSCA, FSA
- Min. deposit: $50
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:
- XM 4.8/5 XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades.
- IC 4.8/5 IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries.
- 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.
- IG 4.8/5 Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier 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.
- Moneta Markets 4.4/5 Founded in 2019 and headquartered in Johannesburg, South Africa, Moneta Markets offers over 1000 instruments for short-term trading. New traders can choose between STP and ECN accounts while the smooth sign-up process has helped attract 70,000 registered traders.
Brokers With JPY Accounts Comparison
| Broker | Minimum Deposit | Instruments | Platforms |
|---|---|---|---|
| XM | $5 | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies | MT4, MT5, TradingCentral |
| IC | $200 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower |
| 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 |
| IG | $0 | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) | Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime |
| Moneta Markets | $50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto | AppTrader, ProTrader 2.0, MT4, MT5, TradingCentral |
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 |
|---|---|---|---|---|---|
| XM | 3130 | ||||
| IC | 2 | ||||
| FP Markets | 10349 | ||||
| Ultima Markets | 971 | ||||
| IG | 10135 | ||||
| Moneta Markets | 631 |
XM
With a low $5 minimum deposit, advanced charting platforms in MT4 and MT5, expanding range of markets, and a Zero account offering spreads from 0.0, XM provides all the essentials for active traders, even earning our ‘Best MT4/MT5 Broker’ award in recent years.
Christian Harris, Reviewer
XM quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies
- Regulator
- CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE
- Platforms
- MT4, MT5, TradingCentral
- Minimum Deposit
- $5
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, JPY, ZAR
Pros
- XM’s growing roster of 1,400+ instruments provides diverse short-term trading opportunities, with unique turbo stocks, fractional shares, and more recently thematic indices.
- XM secured a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates in late 2025, strengthening its regulatory credentials and making it a strong option for traders in the Middle East.
- XM has rolled out platform upgrades with integrated TradingView charts and an XM AI assistant, delivering faster execution, smarter analysis, and a sleeker, more intuitive trading experience.
Cons
- XM relies solely on the MetaTrader platforms for desktop trading, so there’s no in-house downloadable solution for a more beginner-friendly user experience with unique features.
- Although trusted and generally well-regulated in some regions, XM also has global entities registered with the weak regulators like FSC (Belize) and FSA (Seychelles), whilst UK clients are no longer accepted, reducing its market reach.
- XM is falling behind the curve by not offering cTrader, which is favored over MetaTrader by some serious traders for its smoother user experience and superior charting package.
IC
IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.
Christian Harris, Reviewer
IC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
- Regulator
- ASIC, CySEC, FSA, SCB, CMA-Kenya
- Platforms
- MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- IC offers fast and dependable 24/7 support based on firsthand experience, particularly when it comes to accounts and funding issues.
- IC secured DayTrading.com's 'Best MT4/MT5 Broker' in 2025 for its seamless, industry-leading MetaTrader integration, refined over years to maximize the platform experience.
- As a tightly regulated and widely respected broker, IC prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
Cons
- While IC offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
- Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
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
- 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.
- FP Markets has integrated top-notch research tools from Trading Central and Autochartist, helping traders identify short-term opportunities based on chart patterns, indicators, and other technical factors.
Cons
- FP Markets’ Iress platform is only available to clients in Australia. It also primarily emphasizes stock trading over forex trading, and data fees can accumulate rapidly unless you're an active trader or maintain a high-balance account.
- 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.
- 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
- $50 minimum deposit with the Standard account
- Pre-IPO stocks added, including Rocket Launch and LEO Satellite networks
- Easy-to-use copy trading app available on Apple and Android
Cons
- Slow sign-up process compared to rivals
- Weak regulatory oversight through the offshore branch
- $20,000 minimum deposit required for the very best trading conditions
IG
IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.
Christian Harris, Reviewer
IG quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only)
- Regulator
- CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA
- Platforms
- Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- 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, plus added US-listed futures and options as well as an AI Index, providing diversification opportunities.
- The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading, while IG has also added TradingView integration.
- 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
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
- IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
- 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.
Moneta Markets
With ECN pricing featuring spreads from 0 and commissions from $1, leveraged trading, and terrific charting platforms, Moneta Markets is an excellent broker for experienced day traders.
Christian Harris, Reviewer
Moneta Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto
- Regulator
- FCA, FSCA, FSA
- Platforms
- AppTrader, ProTrader 2.0, MT4, MT5, TradingCentral
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, NZD, JPY, HKD, SGD, BRL
Pros
- Moneta Markets makes account funding a breeze, with plenty of account currencies, zero transfer fees and a wide selection of traditional, digital and now crypto-backed payment methods.
- Moneta Markets supports a growing suite of 1000+ tradable assets, with a particularly strong selection of commodities and more recently fresh index CFDs.
- Registering for an account with Moneta Markets is quick and easy through the digital sign-up process, taking just a few minutes with an accessible $50 minimum deposit.
Cons
- Clients need an account balance of at least $500 to access educational materials, a serious drawback for beginners who can get free materials from brokers like IG and eToro.
- Although regulated by the FSCA, trading through the Seychelles-based entity may result in limited regulatory protections due to its offshore base and lax mandated account safeguards.
- The best pricing is reserved for traders who deposit $20,000 for the ECN Ultra account, putting it out of reach for most retail investors.
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.