Regulated

FOREX EXCHANGE

Country: Japan

Founded: 2004

Maximum leverage: 50:1

0%
Score
Licence Status
AA
Regulator
Estonia FSA
Trading flatform
MT4
Official
Review Support Open Account
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    Score Review

    Lisense score
    0.0
    Software score
    0.0
    Flatform score
    0.0
    customer support
    0.0

    Lisense

    Details
    🇯🇵 Japan 293
    AA
    Estonia FSA Authorised

    Contact information

    Web: https://www.forex-exchange.co.jp/

    Email :

    support@forex-exchange.co.jp

    Phone: +810335372311

    Trading account

    Standard Account:
    Commission Account
    Demo Account
    Minimum Deposit 100 $
    Spread 1.4 pips
    Margin call level Có
    Leverage
    Product Indices, Commodities, Crypto
    Minimum Deposit $
    Spread
    Margin call level Có
    Leverage
    Product Indices, Commodities, Crypto
    Minimum Deposit $
    Spread
    Margin call level Có
    Leverage
    Product Indices, Commodities, Crypto

    Top 5 Broker

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    Broker information

    Headquarters: Japan

    Founded: 2004

    Company name: FOREX EXCHANGE Co., Ltd.

    Payment: Bank

    Company Information

    FOREX EXCHANGE was established in Japan in 2004 and is currently regulated by the FSA (Financial Services Agency of Japan). The broker allows traders to trade currencies via the MT4 platform with the advantage of zero trading fees, while also providing a demo account for practice. However, detailed information about account types remains limited.

    Pros & Cons

    Pros:

    • Regulated by the Japanese FSA.
    • Supports the MT4 platform.
    • Trading fees, stop-loss fees, and account maintenance fees are all 0 yen.

    Cons:

    • No clear disclosure of account type information.
    • Only supports currency trading, with no other products (metals, indices, stocks, ETFs, etc.).

    Account Types

    The account opening process consists of 4 basic steps. The broker has not disclosed detailed information beyond a demo account and a standard live account.

    Trading Fees

    • Trading fee: 0 yen.
    • Stop-loss fee: 0 yen.
    • Account maintenance fee: 0 yen.

    Note: For deposits over 1 billion yen, special fees may apply.

    Trading & Platforms

    • Platform: MT4.
    • Supported devices: Desktop, mobile, tablet.
    • Best for: Beginners.
    • MT5 not supported.

    Deposits & Withdrawals

    • Deposits: Bank transfer or quick transfer, no minimum deposit required. Only supports JPY.
    • Withdrawals: Processed via the website; funds can only be withdrawn in JPY to the registered bank account.
    • Withdrawal fees:

    + Free in principle.

    + Withdrawals under 10,000 yen or more than 5 times/month: 540 yen per transaction.

    + Processing time: Up to 4 business days.

    Conclusion

    In summary, FOREX EXCHANGE is a long-standing Japanese broker regulated by the FSA, notable for its zero trading fees and MT4 support. However, its limited product offering (currencies only) and lack of transparency regarding account details may be disadvantages for some traders.

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