Best Brokers With JPY Accounts 2025
Dig into our top brokers offering JPY accounts, based on thorough testing, reducing conversion fees and optimizing the experience for traders in Japan.
WriterJames Barra
Fact CheckerTobias Robinson
Brokers With:
Japanese Yen (JPY)
Showing top 5 of 28 matching brokers.
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1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
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2Established in 1999, FOREX.com is part of StoneX, a global financial services company that serves over a million customers. It's regulated in the US, UK, EU, Australia, and other countries. The broker offers a wide range of markets beyond forex and provides competitive pricing on advanced platforms.
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3OANDA is a well-known company that excels in quick trade executions, low deposit necessities, and impressive charting and trading platform functions. The highly-regarded brand has over 25 years of expertise and is overseen by reliable authorities like the NFA/CFTC. It provides 24/7 support for traders and offers flexible contract sizes with automated trade executions.
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4Founded in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage offering trading on over 1,200 instruments, including binary options. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders.
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5Kraken is a major cryptocurrency exchange that offers a unique trading terminal and over 220 cryptocurrencies for trading. It provides up to 1:5 leverage for spot crypto trading with consistent rollover fees, and up to 1:50 leverage on futures. Additionally, it offers crypto staking services and features an interactive NFT marketplace.
Compare Brokers With JPY Accounts
| Broker |  |
Payment Methods |
|---|---|---|
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ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer | |
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ACH Transfer, Credit Card, Debit Card, Mastercard, Neteller, Skrill, Visa, Wire Transfer | |
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ACH Transfer, Debit Card, Mastercard, Visa, Wire Transfer | |
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Apple Pay, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Maestro, Mastercard, Neteller, Skrill, Visa, Wire Transfer | |
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Bitcoin Payments, Etana, Ethereum Payments, PayID, Silvergate Bank Transfer, Wire Transfer | |
| Broker | |
Payment Methods |
Broker Details Comparison
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
|---|---|---|---|---|---|---|
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✓ | $0 | $100 | 1:50 | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower |
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✓ | $100 | 0.01 Lots | 1:50 | Forex, Stocks, Futures, Futures OptionsForex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
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✓ | $0 | 0.01 Lots | 1:50 | Forex, Crypto with Paxos (Cryptocurrencies are offered through Paxos. Paxos is a separate legal entity from OANDA) | OANDA Trade, MT4, TradingView, AutoChartist |
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✓ | $100 | 0.01 Lots | 1:200 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | JForex, MT4, MT5 |
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✓ | $10 | Variable | ✗ | Cryptos | AlgoTrader, Quantower |
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
Safety Comparison
Compare how safe the Best Brokers With JPY Accounts 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✗ | |
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✓ | ✗ | ✗ | |
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✗ | ✓ | ✓ | |
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✗ | ✗ | ✗ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Brokers With JPY Accounts 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
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iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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✓ | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers With JPY Accounts 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $10 | Variable | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers With JPY Accounts 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai & TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✓ | ✗ | 1:50 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✗ | ✗ | 1:50 | ✓ | ✗ |
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Yes (EAs & FIX APIs) | ✗ | ✓ | ✗ | ✗ | 1:200 | ✗ | ✗ |
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Kraken Futures is integrated in other platforms which have bots: Bookmap, Caspian, FMZ Quant, Gunbot, HaasOnline, Hyndor, Margin | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers With JPY Accounts 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Brokers With JPY Accounts 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers With JPY Accounts 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✗ | $15 | 0.14 | 1.2 | BTC 1.4%, ETH 2% | |
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✗ | $0 | ✗ | 1.6 | $100 | |
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✗ | CHF 100 | 0.1 | 0.1 | 0.1 | |
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✗ | ✗ | ✗ | ✗ | 0-0.26% average | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Brokers With JPY Accounts 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Kraken |
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| Interactive Brokers |
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| FOREX.com |
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| Dukascopy |
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Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- There's a large selection of free or paid research subscriptions available to all traders. If you subscribe to Toggle AI, you will also receive commission refunds from IBKR.
- IBKR provides a cost-effective platform for traders by offering low fees, narrow spreads, and clear pricing.
- IBKR is a highly regarded brokerage, regulated by prime authorities. This ensures the safety and reliability of your trading account.
Cons
- TWS's platform may be difficult for beginners to grasp because of its complexity. Plus500's web platform, on the other hand, is more appropriate for those new to trading.
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
Why Trade With FOREX.com?
FOREX.com is a top-tier brokerage suitable for forex traders of all skill levels. It offers more than 80 currency pairs, has small spreads starting from 0.0 pips, and features low fees. The platform provides powerful charting tools that include over 100 technical indicators and multiple research aids.
Pros
- FOREX.com provides a selection of top trading platforms and additional features. These include Trading Central research, a SMART Signals pattern scanner, trading signals, and strategy builders.
- FOREX.com has over 20 years of experience with strong regulatory oversight, and has received multiple awards, including second place in our 'Best Forex Broker' awards. As such, FOREX.com is globally reputed as a reliable trading brokerage.
- Numerous educational materials such as tutorials, webinars, and a comprehensive YouTube channel are available to assist you in learning about the financial markets.
Cons
- FOREX.com's MT4 platform provides around 600 instruments for trading, which is considerably less than the 5,500+ options accessible on its other platforms.
- US clients do not have negative balance protection, so you can potentially owe more than your original account deposit.
- FOREX.com has expanded their trading offerings, but these remain limited to forex and CFDs. Unfortunately, they don't provide options to invest in actual stocks, ETFs, or cryptocurrencies.
Go to FOREX.com
74-76% of retail accounts lose money with this provider.
Why Trade With OANDA US?
OANDA is a reputable broker for US traders. It offers user-friendly tools for analysis and a simple sign-up process. It is very trustworthy due to heavy regulation.
Pros
- Experienced traders can use top-notch tools like an MT4 premium upgrade and advanced charting from MotiveWave.
- The broker provides clear pricing without any concealed fees.
- Traders can experience quick and dependable order execution.
Cons
- Customer support is not accessible during weekends.
- Few payment options are available and e-wallets are not supported.
- The trading markets are limited to only forex and cryptocurrencies.
Go to OANDA US
CFDs are not available to residents in the United States.
Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as a broker and a bank, providing high-level financial security and compliance with strict standards.
- Dukascopy offers top-notch research, including a professional TV studio in Geneva for financial news, market analysis, and daily expert insights.
Cons
- Dukascopy offers educational resources and 24/7 support, but its complex platforms and tools require extensive testing and can overwhelm new traders.
- Certain account types, like MT4/MT5 accounts, need a higher minimum deposit of $1,000. This might not be suitable for traders with limited budgets.
- Dukascopy's withdrawal fees are higher than most competitors we've tested, especially for bank wire transfers, which may discourage traders who need frequent fund access.
Why Trade With Kraken?
Kraken is suitable for traders seeking a variety of cryptocurrencies, including Bitcoin, and a strong history of security.
Pros
- Enjoy low trading fees on Kraken Pro.
- Mobile investing
- Low minimum deposit of $10
Cons
- Does not accept fiat deposits
- Doesn't support many new alternative coins.
- Pro account's verification process is slow.
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Methodology
To identify the best brokers offering JPY-denominated accounts, we utilized our continuously updated database of hundreds of online brokers worldwide.
The focus was on platforms that allow clients to deposit, withdraw, and trade directly in Japanese Yen (JPY).
Rankings were then based on an in-depth evaluation of over 200 factors, including trading fees, platform usability, currency-specific advantages, and compliance with regulations. Firsthand testing and user feedback also informed the results.
What Is a JPY Account?
A JPY account is a trading account in which all transactions, profits, and losses are recorded in Japanese Yen.
This account type is particularly beneficial for traders based in Japan or those with exposure to JPY-denominated assets.
JPY accounts provide an efficient way to trade without incurring currency conversion costs while staying aligned with the Japanese financial ecosystem.
Benefits of a JPY account:
- Elimination of Conversion Fees: A JPY account helps traders avoid the costs of converting deposits or profits into foreign currencies like USD or EUR. This is especially valuable when trading Japanese stocks, bonds, or yen-based forex pairs.
- Ease of Local Transactions: Traders in Japan benefit from simplified banking and payment options, as funding and withdrawing in JPY aligns with local payment systems and reduces delays.
- Hedging Against Currency Fluctuations: For those whose financial lives revolve around JPY – such as residents of Japan or businesses dealing with yen-based transactions – a JPY account mitigates risks associated with volatile exchange rates.
- Access to Japanese Markets: A JPY account often provides access to trade on the Tokyo Stock Exchange (TSE) or invest in yen-denominated government bonds and corporate debt.
How Do I Open a JPY Account?
Opening a JPY trading account is straightforward, provided you follow these steps:
- Choose a Broker: Select a broker that offers JPY as a base currency option. If you’re in Japan, prioritize brokers regulated by Japan’s Financial Services Agency (FSA) for added security and adherence to local laws.
- Complete Registration: Sign up with your chosen broker by providing valid identification, such as a Japanese residence card or passport, along with proof of address.
- Select JPY as Your Base Currency: During the registration process, choose Japanese Yen as the currency for all account transactions.
- Fund Your Account in JPY: Use convenient payment systems, such as domestic bank transfers or online platforms like PayPal, to deposit funds.
- Start Trading: Once your account is funded, you can trade yen-denominated assets, such as Japanese equities or forex pairs like USD/JPY and EUR/JPY, without worrying about currency-related costs.
You can see how easy it is below, where I set up a JPY account with IC Markets.
Configuring a JPY trading account with IC Markets
Should I Use a JPY Trading Account?
A JPY trading account could be a perfect fit if any of the following apply to you:
- You Are Based in Japan: Managing your investments in Japanese Yen simplifies personal finances, tax reporting, and withdrawals, aligning with the local currency.
- You Primarily Trade Japanese Assets: Whether investing in Japanese equities, government bonds, or yen-based mutual funds, a JPY account minimizes conversion fees and delays.
- You Want to Avoid Exchange Rate Risks: If you earn, save, or spend primarily in JPY, trading in yen reduces exposure to currency fluctuations.
- You Target Japanese Markets: A JPY account streamlines trading on local exchanges like the TSE, especially for those focused on Japan’s financial instruments.
What Are the Limitations of a JPY Account?
- Limited Global Availability: JPY accounts are less common outside of Japan from our investigations, which may limit your options if you want to trade with global brokers while maintaining yen as your base currency.
- Restricted Access to Non-Yen Assets: Although JPY accounts are excellent for trading yen-denominated instruments, trading assets in other currencies (e.g., USD-based stocks or ETFs) often involves conversion fees.
- Currency-Specific Volatility: While JPY is known as a “safe haven” currency, its value can fluctuate significantly during periods of global financial uncertainty, impacting international trading costs.