When you develop an interest in investing in the forex market, you should also be aware of the volatility of the industry, limits for regulatory control, etc.
if you are looking for some top forex brokers, who have a license from a regulatory body, you have the option to check the ranking of such brokers from Brokersview sites.
1) Forex.com
According to the ranking of Brokersview, the top-ranked forex broker in Japan is Forex.com, which was founded in 1999. Forex.com Japan provides online forex trading services in Japan, and is owned by StoneX. It offers back office services, including automated trade allocation, online reporting, end of month statements, and pip and dollar commission reporting services for traders. It is also a member of several reputed regulatory bodies, including FCA, NFA, ASIC, CIMA, Japan-FSA, IIROC, MAS, etc. Forex.com has received a good review from users with a rating of 8.7 out of 10.
2) AMP Global
Founded in 2018 in Cyprus, AMP Global received the number two ranking in Japan. The minimum deposit for an account at AMP is $100, while the broker offers real and demo accounts. It is renowned for strict regulation, multilingual support and multiple trading instruments, including cryptocurrencies, stocks, CFDs, indices and energies. It also ranked higher for its customer service and quick response to customer queries. Its trading platforms include Mac, Windows, iOS, Android and Webtrader.
3) OANDA
Headquartered in Canada, OANDA was founded in 1996, and the minimum deposit is $1. It also has the licence to operate under FCA, NFA, ASIC, BVI-FSC, IIROC and MFSA. Its account currencies are CAD, HKD, SGD, AUD, CHF, JPY, GBP, EUR and USD. The customers favour it because the broker has a low minimum deposit, and there was also no deposit fee. It has branch offices in many countries and provides multilingual support.
4) LMAX
Based in London, LMAX was founded in 2010, and the minimum deposit required is $10000. Besides a good reputation in the market, some of its advantages include fast order execution, strict regulation, more than 100 trading instruments, tight spread and leverage limit. It operates with regulatory licences from CySEC and FCA. Its trading instruments include cryptocurrencies, stocks, indices and precious metals.
5) Interactive Brokers
Interactive Brokers was founded in 1993 in Greenwich, United States. Its main attractions include its reputation, strict regulation, leverage limit, low commission, fast order execution and multilingual support. Its trading instruments include bonds, ETFs, stocks, futures and precious metals. Interactive Brokers has regulatory control from the UK FCA, US NFA, Australia ASIC, Japan-FSA, Hong Kong SFC, Singapore MAS and Lithuania LBE.
Market knowledge
If you intend to invest in forex markets, you should go through the top ratings of several reputed financial publications. After reading all related articles and rankings of forex brokers, you can identify which one suits your requirements and mode of operation. If you like to select a forex broker who has a licence from several regulatory bodies, you can opt for that one. If you are looking for a broker who has a long experience in this field, you can study when was the broker launched its operations and what is its work procedure. You can also select a broker based on providing good customer support. Today’s customers won’t mind paying an extra dollar if they receive fast and helpful insights from the customer executive regarding some of their queries, including their doubts about some transactions. If you receive help at the right time from the forex broker, you will be happy to continue your account with the broker. In short, you have to consider various aspects before finalizing your forex broker.