Best Japan Financial Services Agency (FSA) Regulated Brokers 2026

We’ve personally tested and ranked the top brokers regulated by the Financial Services Agency (JFSA) in Japan, ensuring high standards of trust and reliability.

Written By
Royston Wild

Fact Checked By
Tobias Robinson

Edited By
James Barra

Updated
February 17, 2026

Jump To: Top List Compare Opinions Tutorial

Your capital is at risk. Trade only with funds you can afford to lose.

✔ Tested with a live trading account

✔ Accept traders from USA

Showing 2 of 2 matching brokers

1

Interactive Brokers

Interactive Brokers (IBKR) is a leading brokerage offering access to over 170 markets in 40 countries and a range of investment services. With 40+ years in the industry, this Nasdaq-listed company follows strict regulations by the SEC, FCA, CIRO, and SFC, making it a trusted global trading broker.

Demo Account

Yes

Minimum Deposit

$0

Minimum Trade

$100

Leverage

1:50 (major forex pairs), 1:2-1:4 (equities)

Copy Trading

No

Regulator

SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS

Instruments

Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies

Platforms

Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower

Account Currencies

USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Automated Trading

Capitalise.ai, TWS API

AI

Yes

Guaranteed Stop Loss

No

Go to Interactive Brokers
2

Moomoo

Moomoo is a regulated trading platform which is controlled by SEC. It provides a simple, cost-effective method to trade in stocks, ETFs, and various assets from China, Hong Kong, Singapore, the US, and Australia. They provide the option for margin trading, along with no deposit account and several bonus options.

Demo Account

Yes

Minimum Deposit

$0

Minimum Trade

$0

Leverage

1:2

Copy Trading

No

Regulator

SEC, FINRA, SIPC, MAS, SFC, ASIC, FMA, CIRO, CIPF, JFSA, SC

Instruments

Stocks, Options, ETFs, ADRs, OTCs ,Futures

Platforms

Desktop Platform, Mobile App

Account Currencies

USD, HKD, SGD

Automated Trading

No

AI

No

Guaranteed Stop Loss

No

Go to Moomoo

Compare The Top JFSA-Authorized Brokers

Broker	USD Account	Demo Account	Minimum Deposit	Minimum Trade	Leverage	Copy Trading	Regulator	Instruments	Platforms	Account Currencies	Automated Trading	AI	Guaranteed Stop Loss
	✓	✓	$0	$100	1:50 (major forex pairs), 1:2-1:4 (equities)	✗	SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies	Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower	USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF	Capitalise.ai, TWS API	✓	✗
	✓	✓	$0	$0	1:2	✗	SEC, FINRA, SIPC, MAS, SFC, ASIC, FMA, CIRO, CIPF, JFSA, SC	Stocks, Options, ETFs, ADRs, OTCs ,Futures	Desktop Platform, Mobile App	USD, HKD, SGD	✗	✗	✗
Broker	USD Account	Demo Account	Minimum Deposit	Minimum Trade	Leverage	Copy Trading	Regulator	Instruments	Platforms	Account Currencies	Automated Trading	AI	Guaranteed Stop Loss

Safety Comparison

Compare how safe the Best Japan Financial Services Agency (FSA) Regulated Brokers 2026 are.

Broker	Trust Rating	Guaranteed Stop Loss	Negative Balance Protection	Segregated Accounts
	4.5	✗	✓	✓
	4.7	✗	✗	✓
Broker	Trust Rating	Guaranteed Stop Loss	Negative Balance Protection	Segregated Accounts

Mobile Trading Comparison

Compare the mobile trading features of the Best Japan Financial Services Agency (FSA) Regulated Brokers 2026.

Broker	Mobile Apps	iOS Rating	Android Rating	Smart Watch App
	iOS & Android	4.3	4.5	✓
	Yes (iOS & Android)	4.6	3.3	✗
Broker	Mobile Apps	iOS Rating	Android Rating	Smart Watch App

Comparison for Beginners

Compare how suitable the Best Japan Financial Services Agency (FSA) Regulated Brokers 2026 are for beginners.

Broker	Demo Account	Minimum Deposit	Minimum Trade	Education Rating	Support Rating	Fractional Shares	Demo Competitions
	✓	$0	$100	4.3	3.0	✓	✗
	✓	$0	$0	4.4	2.8	✗	✗
Broker	Demo Account	Minimum Deposit	Minimum Trade	Education Rating	Support Rating	Fractional Shares	Demo Competitions

Comparison for Advanced Traders

Compare how suitable the Best Japan Financial Services Agency (FSA) Regulated Brokers 2026 are for advanced or professional traders.

Broker	Automated Trading	VPS	API	AI	Pro Account	Leverage	Low Latency	Extended Hours
	Capitalise.ai, TWS API	✗	✗	✓	✗	1:50 (major forex pairs), 1:2-1:4 (equities)	✓	✓
	✗	✗	✗	✗	✗	1:2	✗	✓
Broker	Automated Trading	VPS	API	AI	Pro Account	Leverage	Low Latency	Extended Hours

Accounts Comparison

Compare the trading accounts offered by Best Japan Financial Services Agency (FSA) Regulated Brokers 2026.

Broker	Demo Account	Interest on Cash	Islamic Account	Joint Account	Managed Account	PAMM	MAM	LAMM	Pro Account
	✓	USD: 3.14%, GBP: 3.24%	✗	✓	✓	✗	✓	✗	✗
	✓	USD: 3.35%	✗	✗	✗	✗	✗	✗	✗
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 Japan Financial Services Agency (FSA) Regulated Brokers 2026 in key areas.

Broker	Trust	Platforms	Assets	Mobile	Fees	Accounts	Research	Education	Support
	4.5	3.3	4.7	4.4	4.3	3.5	4.4	4.3	3.0
	4.7	3.0	3.0	4.0	3.8	3.3	3.8	4.4	2.8
Broker	Trust	Platforms	Assets	Mobile	Fees	Accounts	Research	Education	Support

Fee and Cost Comparison

Compare the cost of trading with the Best Japan Financial Services Agency (FSA) Regulated Brokers 2026.

Broker	Cost Rating	Fixed Spreads	Inactivity Fee	EUR/USD Spread	Crypto Spread
	4.3	✗	$0	0.08-0.20 bps x trade value	0.12%-0.18%
	3.8	✗	$0	✗	✗
Broker	Cost Rating	Fixed Spreads	Inactivity Fee	EUR/USD Spread	Crypto Spread

Broker Popularity

See how popular the Best Japan Financial Services Agency (FSA) Regulated Brokers 2026 are in terms of number of clients.

Broker	Popularity
Moomoo	24,000,000
Interactive Brokers	4,300,000

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.

Christian Harris
Review Author

Pros

IBKR offers exceptional access to global stocks, with thousands of equities available from over 100 market centers in 24 countries, including the recent addition of the Saudi Stock Exchange.
The new IBKR Desktop platform combines the advantages of TWS and adds unique tools like Option Lattice and Screeners with MultiSort to make trading accessible and impressive for traders of all levels.
Interactive Brokers has introduced ForecastTrader, a commission-free product allowing users to trade yes/no Forecast Contracts on political, economic, and climate events. It offers fixed $1 payouts, 24/6 market access, and up to 3.14% APY on positions.

Cons

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.
In 2025, IBKR was fined $11.8 million by the US OFAC for offering services in restricted areas. It also faced a $125,000 fine from FINRA in 2025 for failing to disclose municipal bond information.

Go to Interactive Brokers

Why Trade With Moomoo?

Moomoo is a great option for beginner and intermediate traders aiming to diversify their investment portfolio. The brokerage's app is easily navigable and the trading fees are significantly low.

James Barra
Review Author

Pros

The broker provides early access to trading hours before the market opens.
The Moomoo AI assistant, available on the desktop software and app, offers valuable market insights for active traders.
The fees for options contracts have been lowered from $0.65 to $0.

Cons

The protection against negative balance, a standard security measure at highly regulated brokers, is not available here.
Regrettably, even with its existing security features, this platform still lacks 2 factor authentication (2FA).
The broker doesn't offer phone or live chat support, options typically provided by other brokers.

Go to Moomoo

Top Rated Broker

Visit

✖

Filters

How BrokerListings.com Chose The Top JFSA Brokers

To find the best JFSA-regulated brokers in Japan, we:

Checked broker claims with the JFSA database to verify licenses.
Sorted the list using our overall ratings, leveraging 200+ data-driven metrics and hands-on testing insights.

BrokerListings.com Broker Testing Methodology

What Is The JFSA?

The Japanese Financial Services Agency (JFSA) is the body tasked with regulating and supervising the Asian country’s financial markets. It has the power to sanction individuals and companies that fail to adhere to the standards it sets.

Created in 2000, it describes its mission as “ensuring stability of Japan’s financial system, protection of depositors, insurance policyholders and securities investors, and smooth finance through such measures as planning and policymaking concerning the financial system, inspection and supervision of private sector financial institutions, and surveillance of securities transactions.”

The JFSA is classified as a Category A regulator under BrokerListings’ broker regulator ranking system. This means investors can expect the highest levels of protection from bad industry practices and fraudulent entities.

What Powers Does The JFSA Have?

The regulator describes its three main policy objectives as:

To ensure stability of Japan’s financial system.
To bolster participants’ protection and convenience.
To establish fair and transparent financial markets.

The JFSA establishes the rules by which financial institutions must abide, and issues licenses which companies like brokerages must have to operate in Japan. Financial services and product providers can have their licenses suspended – up to a maximum of six months – or revoked entirely if they are found to have breached the authority’s rules.

The regulator can also issue financial penalties when it deems wrongdoing has occurred. This includes fines of up to ¥500 million for companies operating without licenses, and fines not exceeding ¥5 million for employees.

The JFSA does not have the power to impose criminal sanctions such as custodial sentences for individuals. However, it can refer cases to Japan’s Public Prosecutors Office when it has evidence of criminal activity.

The JFSA has the power to investigate financial services providers under the Financial Instruments and Exchange Act of Japan (FIEA), the current version of which was created in 2006.

The legislation allows the JFSA to carry out on-site inspections, and to inspect companies’ assets, accounts and other documentation. It can also demand that financial services providers submit reports on their operations and their assets.

In October 2022, the JFSA ordered SMBC Nikko Securities to suspend some operations for three months, and undertake improvements to its business operations and compliance procedures. This followed investigations into alleged market manipulation and the illegal sharing of customer data across company departments.

The case was also referred to the Public Prosecutors Office, and in July 2025 the Tokyo District Court handed suspended prison sentences to five SMBC Nikko executives for price fixing.

What Rules Must A JFSA Broker Follow?

Under the terms of the FIEA, JFSA-licensed brokerages need to follow a comprehensive set of rules to remain industry compliant. These include:

Ascertaining the client’s trading experience and knowledge, and recommending products that are strictly suited to their personal circumstances.
Seeking out the best possible trading result for customers.
Conducting due diligence on clients to prevent money laundering and the financing of terrorism.
Disclosing transaction charges and other costs before a trade is placed.
Providing documentation to clients once a transaction is concluded.
Publishing advertising material that is clear and does not mislead regarding potential returns.
Establishing systems for managing conflicts of interest.
Managing customers’ assets separately from their own.
Preparing and maintaining accurate records of customer transactions.
Responding to and investigating customer complaints in good time.

How Can I Check If A Brokerage Is JFSA Regulated?

Traders and investors can check a broker’s regulatory status using the ‘List of licensed (registered) Financial Institutions’ page on the JFSA website.

Let’s say I wish to check the status of Dukascopy, which in Japan allows individuals to trade a wide range of markets including equities, forex, commodities and cryptocurrencies.

Using the webpage above, I navigate down to ‘Financial Instruments Business Operators’ and click on the PDF link to download the list of companies (a link to an Excel document is also available that provides the same information).

Using the JFSA website to locate Dukascopy

Using the JFSA’s website to check Dukascopy’s regulatory status. Source: JFSA

With the PDF open, I locate Dukascopy by using the search facility and typing in the broker’s name. I can see:

The company’s license number, issued by the Kanto Local Finance Bureau under the FIEA.
The broker’s address and telephone number.
The type of activities the company is authorized to carry out.

Here I can see that Dukascopy is registered as a ‘Type I Financial Instruments Business.’ This means it can buy and sell financial instruments on behalf of clients; underwrite securities; operate a proprietary trading system; and accept client deposits in cash or other assets.

Locating Dukascopy on the JFSA list of licensed entities

Finding Dukascopy’s listing on the Financial Instruments Business Operators directory. Source: JFSA

Traders can cross-reference the ‘Financial Instruments Business Operators’ with the ‘Classification of Financial Instruments Businesses’ to ascertain exactly what the activities the broker they’re considering is legally authorized to conduct under its JFSA license.

Pro tip: The JFSA also publishes a ‘Cold Callers’ list on its website that traders should check before handing over any cash or personal information.

The directory includes entities that are found to have disguised themselves as licensed brokers or asset management firms, and have approached potential clients via channels like telephone or e-mail.

The 'Cold Callers' list on the JFSA website

The ‘Cold Callers’ directory. Source: JFSA

Bottom Line

It is imperative that traders and investors check a financial services provider’s regulatory status before divulging any personal data or handing over any cash.

With JFSA-approved brokers, individuals can expect excellent protection from bad actors and poor business practices.