Best Tokyo Commodity Exchange Brokers 2025
Discover the best brokers with access to the Tokyo Commodity Exchange following our rigorous hands-on testing.
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1eToro is a highly-rated platform that offers trading services in numerous CFDs, stocks, and cryptoassets. Established in 2007, it is used by millions of traders worldwide and is regulated by top-tier governing bodies such as the FCA and CySEC. eToro is well-known for its extensive social trading platform. Through eToro USA LLC, crypto trading is available. Investments are subject to market risk, and the initial invested principal may be lost. CFDs are not offered in the U.S In the UK and some EU countries, investing in cryptoassets is highly volatile and unregulated, with no consumer protection. Profits may be subject to tax. Some retail CFD traders lose money.
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Safety Comparison
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Mobile Trading Comparison
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Comparison for Beginners
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Comparison for Advanced Traders
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Accounts Comparison
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Detailed Rating Comparison
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Fee and Cost Comparison
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Broker Popularity
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Broker | Popularity |
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eToro |
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Why Trade With eToro?
eToro's social trading platform ranks highly due to its excellent user experience and active community chat, useful for beginners seeking trading opportunities. The platform also offers competitive fees on a vast selection of CFDs and actual stocks, alongside beneficial rewards for skilled strategy contributors.
Pros
- Top copy traders can earn up to 1.5% annually on copied assets in the broker's Popular Investor Program.
- The copy trading app offers a top social environment, featuring an engaging social feed and community chat.
- Charts use TradingView, providing strong technical analysis features with 9 chart types and 100+ indicators.
Cons
- The minimum withdrawal amount is $30 with a $5 fee, impacting beginners with little capital.
- There are no guaranteed stop-loss orders, which would be a helpful risk management feature for beginners.
- The absence of extra charting platforms like MT4 may reduce the appeal for experienced traders used to third-party software.
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Understanding Tokyo Commodity Exchange Brokers
Tokyo Commodity Exchange (TOCOM) brokers facilitate trading on a major commodities exchange in Tokyo, Japan. TOCOM has been involved in trading products as defined by the Commodity Derivatives Act, which regulates domestic commodity businesses in Japan. This guide offers insight into choosing the best brokers for trading on the Tokyo Commodity Exchange and explores the exchange’s history, products, and trading hours.
Comparing Tokyo Commodity Exchange Brokers
When selecting a broker for trading on the Tokyo Commodity Exchange, consider the following factors:
Assets
Check which commodities you can trade through your broker. Can they provide access to both futures and options in one account? Having all commodities available through a single platform can simplify trading and save time.
Platforms
Top brokers should offer both third-party platforms and their own software. Look for features like live price quotes, customizable charts, analysis tools, and historical data. The user-friendliness of the platform is crucial, with mobile compatibility being a big plus for traders who are on the move.
Fees
Choose brokers with low fees to maximize your profits. Some might offer commission-free trading or low spreads. Check if there are any membership fees or other costs, like account management or overnight charges.
Customer Service
Reliable customer support is essential. Look for brokers that offer multilingual helplines and quick response times. Some provide 24/7 support with short waiting times.
What Is the Tokyo Commodity Exchange?
TOCOM is Japan’s largest and one of Asia’s biggest commodities exchanges, allowing traders to buy and sell futures and options on various energy products. Now a subsidiary of the Japan Exchange Group (JPX), many of its products have been transferred to the Osaka Securities Exchange.
A Brief History of TOCOM
TOCOM was created in 1984 by merging three smaller exchanges. Originally focusing on rubber, gold, and silver, it has expanded to include assets like palladium, aluminum, and crude oil. In 2013, TOCOM acquired the Tokyo Grain Exchange, incorporating agricultural products into its offerings. In 2019, it became part of the JPX group.
Products Traded on TOCOM
Previously, TOCOM offered metals, oil, rubber, and agricultural commodities. Now, under the JPX, it focuses mainly on energy and Chukyo oil products:
- Gas oil
- Gasoline
- Kerosene
- Dubai crude oil
- Chukyo gasoline
- Chukyo kerosene
- East/West area baseload and peak load electricity
Understanding Futures & Options
Futures and options are types of investments allowing traders to speculate or hedge investments. Options give you the right, but not the obligation, to buy or sell an asset at a set price during a certain period. Futures obligate you to buy or sell the asset by the contract’s end date.
The TOCOM Trading Platform
Since 2009, TOCOM has used an electronic trading platform. In 2016, it adopted the J-Gate system from the JPX, integrating with other JPX platforms and allowing over-the-counter (OTC) trading.
Management and Membership
Led by CEO Takamichi Hamada, TOCOM has 80 members and allows foreign brokers to access its markets. This inclusion increases opportunities for global participation.
Regulation
TOCOM is a self-regulating organization, ensuring fairness and transparency in trading practices. Its self-regulatory committee, composed of independent directors, oversees member qualifications and trading conduct.
TOCOM Trading Hours
The TOCOM market is open weekdays with two sessions:
- Day Session: 08:45 to 15:15 JST
- Night Session: 16:30 to 19:00 JST
TOCOM brokers align with these hours, but note that the exchange is closed on weekends and holidays.
TOCOM Calendar
TOCOM observes several holidays, including:
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- New Year’s Day: January 1st-3rd
- Coming of Age Day: January 11th
- National Foundation Day: February 11th
Membership Types
TOCOM offers different membership categories with specific fees:
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- Broker Members: JPY 60,000 per market division
- Trade Members: JPY 50,000 per market division
How to Trade on TOCOM
Here’s a simple guide to start trading on TOCOM:
- Select a Broker: Look for low fees, good customer service, intuitive platforms, and a wide range of products.
- Open an Account & Deposit Funds: Complete verification procedures and fund your account.
- Research the Market: Analyze data to identify promising assets.
- Open a Position: Buy a CFD, future, or options contract.
- Monitor & Close Position: Regularly check the market and close your position at the right time.
Trading Tips
These tips can help enhance your trading success:
- Stay Up To Date: News can influence product values, so stay informed.
- Try Demo Accounts: Practicing on a demo account is a risk-free way to refine your strategy.
- Continue Learning: Always look for new tips and strategies to improve your trading skills.
Final Thoughts on TOCOM Brokers
TOCOM is renowned for its significant role in energy and Chukyo oil markets. Use this guide to choose the best brokers and follow the tips to succeed in trading these products.
FAQs
Can I Trade Rubber And Gold Futures At TOCOM Brokers?
These commodities have moved to the Osaka Securities Exchange under JPX, leaving TOCOM brokers focused on energy and Chukyo oil.
Can I Purchase Stocks At TOCOM Brokers?
No, TOCOM brokers deal with energy and Chukyo oil derivatives, not stocks.
Is It Safe to Invest on the Tokyo Commodity Exchange via Online Brokers?
Yes, TOCOM is reputable and offers secure services. Ensure you trade with trusted brokers for a safe experience.
When Are TOCOM Brokers Open?
Trading sessions are on weekdays from 08:45 to 15:15 JST and 16:30 to 19:00 JST.
Is TOCOM Closed On New Year’s?
Yes, the exchange is closed during the New Year period. Check with your broker for the full holiday schedule.