Japan Exchange Group
Japan Exchange Group, Inc. (JPX) brokers offer trading through the Japanese financial services corporation based in Tokyo. The exchange was formed by the merger of two of Japan’s largest stock and security exchanges in 2013. This page will run through everything you need to know about the Japan Exchange Group, Inc., including where to find its share prices, its history, trading hours and listing requirements. There is also a handy investing guide that you can use to start trading on the Japan Exchange Group’s different markets. Below is a table of the best brokers with access to the Japan Exchange Group followed by tips for comparing JPX trading platforms.
Japan Exchange Group Brokers
These are the 7 best brokers for trading on the Japan Exchange Group:
#1 - Forex.com
Forex.com boasts a global reputation with multiple awards and 20+ years experience. Regulated in the US, EU, UK and Canada they provide a huge range of markets, not just forex, and offer competitive fees on a cutting-edge platform. The brand also provides a suite of additional tools, from performance analytics and SMART Signals to advanced charts and strategy builders.
"Forex.com is an excellent broker for forex traders with over 80 currency pairs, tight spreads, low commissions and powerful platforms. The brand is also heavily regulated while its parent company is listed on the NASDAQ, giving it a high trust score."
- DayTrading Review Team
- Instruments: Forex, Spot Metals
- Regulator: NFA, CFTC
- Platforms: MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
- Min. Deposit: $100
- Min. Trade: 0.01 Lots
- Leverage: 1:50
Pros
- Excellent trading tools including Trading Central, SMART Signals and MetaTrader 4
- Free demo account for prospective traders
- Top-rated forex and CFD broker
Cons
- No copy trading platform
- $15 monthly inactivity fee
- Investment offering varies between countries
#2 - Interactive Brokers
Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Traders use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.
"Serious traders seeking a regulated broker with unparalleled access to stock markets should look at IB. Their range of stocks can't be beaten."
- DayTrading Review Team
- Instruments: CFD, Forex, Stocks, Crypto, Futures, Options, Commodities
- Regulator: SEC, FCA, IIROC, SFC
- Platforms: AlgoTrader, OmniTrader, eSignal, TradingCentral
- Min. Deposit: $0
- Min. Trade: $100
- Leverage: 1:50
Pros
- You have a reliable real-time market data feed, that rarely goes offline
- Proprietary workstation comes with powerful tools and charting capabilities
- Regulated by some of the world's most reputable bodies including in US
Cons
- Mediocre customer support
- Accessing products like CFDs is not straightforward compared to competitors
- Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day
#3 - IG Group
IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
"IG offers a superb all-round package. Beginners will appreciate the user-friendly web platform and secure trading environment while established investors will rate the 17,000+ markets and top-tier market research."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
- Regulator: FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
- Platforms: MT4, AutoChartist, TradingCentral
- Min. Deposit: $0
- Min. Trade: 0.01 Lots
- Leverage: 1:30 (Retail), 1:250 (Pro)
Pros
- IG offers great educational materials including an extensive library of training and support on how to day trade successfully
- Opening an account takes less than 5 minutes
- 24/5 customer support is available
Cons
- Inactivity charge
- No copy trading platform
#4 - Pocket Option
Founded in 2017, Pocket Option is a binary options broker offering up/down contracts on forex, stocks and cryptocurrencies. With over 100,000 active users and a global reach, the brand has proven popular with budding traders. Pocket Option also supports dozens of payment methods and has a low minimum trade of just $1.
"We recommend Pocket Option for aspiring binary options traders looking for copy trading services and a low minimum investment."
- DayTrading Review Team
- Instruments: Binary Options, Currencies, Commodities, Stocks, Indices
- Regulator: IFMRRC
- Platforms: MT5
- Min. Deposit: $50
- Min. Trade: $1
Pros
- MT5 iOS & Android app
- Welcome bonuses and coupon codes
- 92% payouts on binaries
Cons
- The expiration time is limited on trades
- IFMRRC is not a reputable regulator
- Only one account type is available
#5 - Nadex
Nadex is a renowned exchange and binary options provider, based in the US. The company is fully regulated by the CFTC and offers options, call spreads and Knock Out contracts. Nadex also has just a $1 entry or exit fee and a user-friendly platform and proprietary app.
"Users looking to trade short-term binary options with a US-regulated broker will find a good platform in Nadex."
- DayTrading Review Team
- Instruments: Binary Options, Knock Outs™, Call Spreads
- Regulator: CFTC
- Platforms: Own
- Min. Deposit: $250
- Min. Trade: $1
Pros
- Extensive educational resources for those new to binary options trading
- Free demo account for new users
- Proprietary mobile app with good range of indicators and charting tools
Cons
- No welcome bonuses or financial incentives
- Products and tools are more advanced than some alternatives
- No MT4 or MT5 platform integration
#6 - ForexChief
ForexChief 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.
"ForexChief will prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The large welcome bonus and low starting deposit will also appeal to new traders."
- DayTrading Review Team
- Instruments: CFDs, Forex, Metals, Commodities, Stocks, Indices
- Regulator: VFSC
- Platforms: MT4, MT5
- Min. Deposit: $10
- Min. Trade: 0.01 Lots
- Leverage: 1:1000
Pros
- The low minimum deposit of $10 will appeal to beginners
- Turnover rebates for active traders
- High leverage up to 1:1000 is available
Cons
- Weak regulatory oversight
- Withdrawal fees on several payment methods
- Limited market research
#7 - Scope Markets
Scope Markets offers day trading and investing in multiple spot and CFD instruments. The group of brokers is regulated in several locations, including Belize, Kenya and South Africa. Users get competitive trading conditions, a range of payment methods, strong support and can get started in a few straightforward steps.
"Scope Markets will appeal to traders seeking highly leveraged CFDs and spot investment products on the powerful MetaTrader 5 platform. The Scope Markets Group stands out for its range of trading tools and educational materials."
- DayTrading Review Team
- Instruments: Forex, Stocks, Commodities etc.
- Regulator: CMA, FSC, FSCA
- Platforms: MT4, MT5
- Min. Deposit: $50
- Min. Trade: 0.01 lots
- Leverage: 1:2000 (location dependent)
Pros
- Multilingual, 24/5 customer support
- Low commissions and fees
- Multi-regulated group
Cons
- Limited trading instruments
- Regulatory scrutiny varies between countries
Comparing Japan Exchange Group Brokers
Before you can start trading on the Japan Exchange Group’s (JPX) various stock exchanges, you will need to choose between registered brokers. Some top tips to selecting the right JPX brokers include:
Fees
One key thing to compare is the trading fees that Japan Exchange Group brokers will charge. These will vary and, if they are too high, they will eat into your profits. Active day traders should look for low commission fees, particularly if you are planning on placing multiple trades per day.
A complicated fee structure is off-putting, particularly if you cannot find costing information before having to commit to a live profile. The best Japan Exchange Group brokers will publish a transparent pricing guide, broken down by instrument, so you are aware of all costs that will impact your P&L.
Interactive Brokers, for example, provides Tokyo Stock Exchange fees in a clear payment table. This includes a 0.006% charge on all JASDAQ stocks.
Hidden costs later down the line, such as when you want to withdraw funds, are also a significant downside.
Customer Support
Good customer service is another important aspect to look out for. Ensure contact details are clear, whether it’s an email, phone number or live chat. Some of the best JPX brokers today offer 24/7 customer support, with typical response times of less than one minute.
As the Japanese Stock Exchange’s market hours open at 09:00 JST (GMT+9), being able to speak to someone regarding any issues, concerns or for platform guidance within this timeframe is important.
It is also worth considering the style of support. Although many brokers offer chat functionality, many integrate ‘bots’, meaning human interaction is not accessible and may not provide a particularly personable approach.
Strategy Execution
Do the brokers with access to the Japan Exchange Group allow you to implement your strategy with all the tools and resources needed?
If you are a complete beginner, Japan Exchange Group brokers that offer educational content such as videos, keyword glossaries and step-by-step guides should rank highly in your search. For the more experienced day traders, look out for JPX brokers that provide advanced tools and software such as algo bots and technical indicators.
AvaTrade, for example, offers a comprehensive knowledge hub including market analysis tutorials, stock market fundamentals and an overview of order types. Additionally, the broker offers a proprietary copy trading mobile app and monthly Japanese economic indicators including inflation rates and consumer sentiment.
No strategy can be executed without a stable and reliable platform. Japan Exchange Group brokers may offer both bespoke terminals or third-party platforms such as MetaTrader 4. It is worth checking the compatibility of the terminal with your PC devices. You may also want to trade whilst on the move so an iOS, Android or Huawei mobile app may be suitable.
Major Japan Exchange Group brokers typically now all offer simulated environments with virtual funds. Test out execution speeds, functionality and navigation within a demo setting.
What Is The Japan Exchange Group?
The Japan Exchange Group, Inc. (JPX) is a holding company that has ownership of the two largest exchanges in Japan, the Tokyo Stock Exchange (TSE) and the Osaka Exchange (OSE). It is among the world’s five largest exchanges, along with the Shanghai Stock Exchange (SSE), New York Stock Exchange (NYSE), the NASDAQ and the Hong Kong Stock Exchange.
According to the 2019 annual report, the market capitalization (cap) of the Japan Exchange Group, Inc. (JPX) was US$6.13 trillion, which had risen to USD 6.69 trillion as of June 2021. To find today’s stock/share price for the Japan Exchange Group, Inc., along with other useful data, look at online live stock charts on sites like TradingView, Bloomberg or Statista.
Alternatively, major Japan Exchange Group brokers will publish live information regarding stocks and indices so you can keep a finger on the pulse.
History
The Japan Exchange Group, Inc. (JPX) has a relatively short history, only being formed in 2013, but its two main subsidiaries have been around a lot longer. The Tokyo Stock Exchange (TSE) was established in 1878 and trading began on June 1st of that year. The Osaka Exchange (OSE) opened for business in the same year. The two operated individually in their cities for well over 100 years.
In 2011, the Tokyo Stock Exchange and Osaka Exchange decided to merge into one as a solution to slowing market conditions in Japan. In 2012, the Japan Fair Trade Commission approved the merger and the Japan Exchange Group, Inc. launched on January 1st, 2013. On January 4th of the same year, JPX was listed on the Tokyo Stock Exchange. Today, the Osaka Exchange operates out of Tokyo, rather than its original address in the city of Osaka.
Subsidiaries Of The Japan Exchange Group
There are three major subsidiaries of the JPX, the Tokyo Stock Exchange (TSE), Osaka Exchange (OSE) and Japan Exchange Regulation (JPX-R). Each uses the logo of the parent company, the Japan Exchange Group which you may find on your JPX brokers’ platform interface.
Tokyo Stock Exchange
The Tokyo Stock Exchange (TSE) is the biggest member of the Japan Exchange Group and provides a large portion of the total liquidity. The exchange has over 2,200 listed companies, a market capitalization (cap) of USD 5.6 trillion and a trading volume of USD 3.9 trillion. The exchange has a strong dividend yield, reaching an all-time high of 2.7% and averaging around 1.5%.
The stock market and its new Chief Representative in Europe, Hideki Tomita, allied with the London Stock Exchange (LSE) in 2008. Moreover, the London Stock Exchange Group (LSEG) launched the Japan Advisory Group (JAG) to promote and strengthen ties and investor relations between the UK and Japan.
Osaka Exchange
The Japan Exchange Group (JPX) also holds the Osaka Exchange (OSE). The Osaka Exchange is an exclusively digital marketplace, focusing on securities and derivatives. Some of the most traded assets on the exchange are the Tokyo Stock Price Index, Nikkei 225 and Nikkei 225 mini.
Japan Exchange Regulation
The Japan Exchange Regulation (JPX-R) is an independent, self-regulating body for the Japan Exchange Group. This body aims to uphold the integrity of the marketplace and protect both investors and businesses. The JPX-R oversees trading operations on both the TSE and OSE.
Tokyo Stock Exchange Market Sections
The Japan Exchange Group’s largest member, the Tokyo Stock Exchange (TSE), splits listed companies into several sections and is the most recognized on JPX brokers’ platforms. The first section is mostly built up of large companies. There are over 2,000 companies listed in this section. The second section includes mid-sized companies, with over 500 listed. There are also two emerging company’s sections, JASDAQ and Mothers. Finally, there is the Tokyo PRO market, which is a market for professional investors.
Indices
TOPIX
The main index for the Japan Exchange Group (JPX) and Tokyo Stock Exchange is the Tokyo Stock Price Index, known as TOPIX. This is a free-float index that tracks all domestic companies listed on the exchange’s first section (over 2000). The total market capitalization of all TOPIX constituents is around US$3.69 trillion.
The index’s live price and chart can be found online on sites like Yahoo Finance.
Nikkei
The Nikkei 225, also known as the Nikkei Stock Average, Nikkei and Nikkei Index, is another popular index for the Japan Exchange Group’s (JPX) Tokyo Stock Exchange. The Nikkei is a price-weighted index consisting of the top 225 companies on the exchange.
Trading Hours
The trading hours for the Japan Exchange Group (JPX) vary for different assets, although all are only open Monday to Friday, not on the weekend. The main market hours are led by Japan’s Tokyo Stock Exchange (TSE). The Japanese Stock Exchanges opening hours begin at 09:00 JST (GMT+9) when the morning trading session begins. This session ends for lunch at 11:30 JST, before trading begins again with the afternoon session, which runs from 12:30 to 15:00 JST. Japan Exchange Group brokers will reflect these timings within their calendars.
The other member of the Japan Exchange Group (JPX), the Osaka Exchange (OSE), has different extended market hours. The JGB futures trading hours begin with the day session at 08:45 JST. The night session is also extended until 05:30 JST. The night session for the Nikkei VI Futures is from 16:30 to 19:00 JST.
Trading Calendar
The Japan Exchange Group (JPX) has a busy trading calendar filled with different holidays. Japan’s stock exchange calendar differs annually, with market holidays falling on different trading days each year. The last trading day is always December 30th, as the market is closed on New Year’s Eve.
Below, we’ve listed typical holidays throughout the year that the exchange closes for, so you know the schedule and whether the market is open or not. Slight variations may occur per year.
- New Year’s Day – January 1st
- Coming of Age Day – January 11th
- National Foundation Day – February 11th
- Emperor’s Birthday – February 23rd
- Showa Day – April 29th
- Constitution Memorial Day – May 3rd
- Greenery Day – May 4th
- Children’s Day – May 5th
- Marine Day – July 22nd
- Sports Day – July 23rd
- Mountain Day – August 9th
- Respect For The Aged Day – September 20th
- Autumnal Equinox – September 23rd
- Culture Day – November 3rd
- Labor Thanksgiving Day – November 23rd
- New Year’s Eve – December 31st
Details of future holidays and market closures could be found via Japan Exchange Group brokers or through the official exchange website.
Listing Requirements
The Japan Exchange Group imposes different trading rules and listing requirements depending on the market section. To list in the second section, a company must have 400 or more shareholders and at least 2,000 tradeable shares, the market cap of which must be over 1 billion Yen.
To list in the first section, a company requires 800 or more shareholders and 20,000 tradable shares, which must have a market cap of at least JPY 10 billion.
Top Companies
So, who are the biggest players in the Japan Exchange Group (JPX) and specifically on the Tokyo Stock Exchange (TSE)? Here we list the top 5 companies on the Tokyo Stock Exchange with their market capitalization:
- Toyota Motor Corporation – 31.993 trillion Yen
- Keyence Corporation – 14.772 trillion Yen
- Sony Group Corporation – 14.345 trillion Yen
- SoftBank Group Corp. – 11.779 trillion Yen
- Recruit Holdings Co. Ltd. – 9.547 trillion Yen
The best Japan Exchange Group brokers will provide key financial metrics and updates for these major players. Any changes in their share price can have a significant impact on the overall economic health of the exchange group.
Sustainability
The Japan Exchange Group (JPX) is committed to encouraging sustainability within the companies that are listed on it. In recent years, markets have seen a rapid spread of ESG investment, where investors account for environmental, social and governance factors in their evaluations of a company.
The Japan Exchange Group has released several ESG ETFs, as well as the Carbon Efficient Index, which weights the companies based on the carbon emissions per unit of revenue.
How To Start Trading On The JPX
Once you have compared Japan Exchange Group brokers you are ready to start investing on the exchange. We have compiled this simple guide so that you can become a remote investment participant today:
- Fund An Account: Once you’ve found the right JPX broker for you, open an account and deposit some money into the account. Watch out for minimum deposit requirements, plus any fees incurred through currency conversions or transactions.
- Research The Stocks: The next step is simply to figure out which stocks you want to invest in. Take your time with this, look at the prospectuses of different companies and check historical data and trends.
- Buy Stocks: Once you know what you want to buy, take the plunge and invest.
JPX Hints And Tips
Consider these tips and tricks to boost your trading career on the Japan Exchange Group (JPX). Whether you want to buy straight stocks on Japan’s exchange via online brokers or conduct options or margin trading, these pointers may help boost your profits.
Stay Up To Date
Staying in the know is key to trading in any market and it’s no different for the Japan Exchange Group (JPX). Read financial news sites and keep an eye on any press releases from listed companies. Major Japan Exchange Group brokers will publish this information into digestible information snippets meaning you can keep up to date with the latest data within one interface. These will give you that insider trading knowledge; releases can have an impact on the value of different stocks.
Demo Accounts
If brokers that support trading on the Japan Exchange Group offer a demo account consider using it. These accounts are a great way to perfect your JPX trading methodology and system without having to invest real money. As with any skill, practice makes perfect, and using a demo account could help you out in the long run.
Check The Data
The Japan Exchange Group (JPX) has been going for almost 10 years and its subsidiaries have been going even longer. Before you trade on Japan’s stock exchanges, look through historical market data and trends. These can give a good indication of how a stock or index’s value may behave.
Also look out for when trading halts tend to occur. While these may not block trade in a regular pattern, it is good to know when these have happened in the past and what caused them.
Final Word On Japan Exchange Group Brokers
The Japan Exchange Group (JPX) is an exciting financial group consisting of two very strong exchanges. Even though blockchain and Bitcoin dominate today’s news cycle, keen investors could take advantage of the Japan Exchange Group for equity day trading. With many of the world’s top companies listed on the exchange, as well as several popular indexes, JPX has something for everyone. Check out our guide to getting started, along with our tips and tricks, then open an account with one of the top JPX brokers.
FAQs
Can I Invest In The JPX From The UK?
Yes, you can invest in companies listed on the JPX, or even the exchange company itself, from the UK. The Japan Exchange Group is open to foreign investment and there are many JPX brokers, both Japanese and international, that will support trading.
What Is The Best Stock To Buy On The JPX?
There is no simple answer as to what the best stock is, all prices will rise and fall throughout the year. However, for beginners, the best stocks to trade may be the top-listed companies as they have the highest trading volume and liquidity. Refer to our list of the top 5 companies on the Japan Exchange Group for more information.
When Is The JPX Open In The UK?
The Tokyo Stock Exchange is open from 00:00 to 02:30 GMT and then again from 03:30 to 06:00 GMT. However, other assets such as futures and indices can be traded for a lot longer, until 20:30 GMT in some cases. Keep an eye on your Japan Exchange Group brokers’ published calendar for the latest opening hours and upcoming market closures.
Is It Safe To Invest On The JPX?
Day trading on the Japan Exchange Group is secure, with the exchange and listed companies highly regulated by Japanese financial watchdogs. However, if you are trading internationally, ensure you select JPX brokers that are regulated by respective local agencies.
When Is The JPX Open?
The exchange is open Monday to Friday for several sessions depending on the assets you want to trade. The exchange is not open on weekends and also closes for holidays, which can be seen in our opening hour list. This will be reflected across all Japan Exchange Group brokers.