Score

8.16 /10
Good

FOREX EXCHANGE

Regulated in Japan

Retail Forex License

MT4 Full License

Regional Brokers

Good
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Comparison

Quantity 2

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Score

Regulatory Index7.83

Business Index8.86

Risk Management Index9.90

Software Index7.51

License Index7.83

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Okayasu Shoji
Phillip Securities
FXCM

Broker Information

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Company Name

FOREX EXCHANGE Co., Ltd.

Company Abbreviation

FOREX EXCHANGE

Platform registered country and region

Japan

Company website

Company summary

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FOREX EXCHANGE · Company summary
Basic Information
Registered Country/Region Japan
Regulation FSA
Founding Time 2004
Minimum Deposit No limitation
Maximum Leverage 1:25
Minimum Spreads From 0.7 pips on EUR/USD
Trading Platform MT4 trading platfom
Trading Assets Currency pairs, commodity futures and stock futures
Payment Methods Regular bank transfers and quick transfers
Customer Support 5 /24 Live Chat, Phone, Emails

General Information & Regulation

FOREX EXCHANGE was established in 2004, registered for financial futures trading business in January 2006, joined the Financial Futures Trading Association in February 2006, and registered for first-class financial instruments business in September 2007. In 2008, FOREX EXCHANGE moved its headquarters to Tokyo, and in November of the same year, it registered for the second financial instruments business, and in 2009, it registered for investment advice/institutions, and in April of the same year, it joined the Japan Investment Advisors Association. FOREX EXCHANGE's business also includes forex margin trading in accordance with the Financial Instruments and Exchange Act and all related businesses. FOREX EXCHANGE currently holds a retail foreign exchange license authorized by the Japan Financial Services Agency (Regulatory No. 2010001141146).

Market Instruments

Investors on the FOREX EXCHANGE platform can trade popular currency pairs in the foreign exchange market, as well as commodity futures and stock futures.

Minimum Deposit

There is no initial minimum deposit requirement, but investors are advised to deposit at 100,000 JPY into their MT4 account.

Spreads & Commissions

The EURUSD spread is 0.7 pips, the USDJPY spread is 0.6 pips, the minimum spread for EURJPY is 0.7 pips, the minimum spread for GBPJPY is 1.4 pips, and the spread for AUDJPY is 1 pip.

Trading Platforms Available

Traders trading with FOREX EXCHANGE can apply the MT4 trading platform, which is currently the most popular platform in the market. Since its release in 2005, the MT4 trading platform has become a popular platform for financial institutions and investors worldwide due to the convenience of the trading system and the ability to customize charts freely. The most attractive aspect of MT4 is that it can automatically buy and sell, and users can view exchange rates to buy and sell, and by pre-determining trading rules, trades can be made automatically.

Deposit and Withdrawal

Traders can make deposits to their investment accounts via regular bank transfers and quick transfers. A regular bank transfer is a method of transferring funds to the company's designated account at Internet banking, ATMs, or over-the-counter at financial institutions. The quick transfer is a method of transferring funds from a trader's computer or smartphone to [My MT4]. The client is responsible for transfer fees when transferring funds to the bank account designated by FOREX EXCHANGE. Withdrawals are, in principle, free of charge, but if the withdrawal amount is less than 10,000 yen and the withdrawal amount exceeds 5 times per month, a fee of 540 yen will be charged for each withdrawal.

Pros & Cons of FOREX EXCHANGE

Pros Cons
FSA-regulated ONLY MT4 supported
MT4 trading platform available Conservative leverage
Competive spreads
No minimum deposit requirements
Commodities & Stocks also available

Customer Support

If clients have any inquiries or trading-related issues, they can get in touch with FOREX EXCHANGE through the following contact channels:

Telephone: +81 03-3537-2311

Email: support@forex-exchange.com

User Reviews

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User comment

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Comments

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十一45443
more than one year
Estoy muy satisfecho con el servicio de forexchange. La plataforma de negociación, los instrumentos financieros y las tarifas son todos razonables. El único inconveniente es que el apalancamiento no es lo suficientemente alto, pero eso significa que está fuertemente regulado.
Estoy muy satisfecho con el servicio de forexchange. La plataforma de negociación, los instrumentos financieros y las tarifas son todos razonables. El único inconveniente es que el apalancamiento no es lo suficientemente alto, pero eso significa que está fuertemente regulado.
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2022-11-22 13:55
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ONE I LOVE
more than one year
With Foreign Exchange, no minimum deposit is required, which is good, and spreads on this platform seems quite attractive…
With Foreign Exchange, no minimum deposit is required, which is good, and spreads on this platform seems quite attractive…
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2022-11-17 14:52
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