Advertisement
Open an Account With the Lowest-Cost Broker

Best forex brokers in Japan in 2023

Saxo Bank Logo
1st place
Saxo Bank
GO Markets Logo
2nd place
GO Markets
Visit broker
62% of retail CFD accounts lose money
TMGM Logo
3rd place
TMGM
Visit broker
68% of retail CFD accounts lose money

Top 5 forex brokers in Japan in 2023


  1. Saxo Bank is the best forex broker in Japan in 2023 - Great trading platform. Outstanding research. Broad product portfolio.
  2. GO Markets - Low forex fees. Fast account opening. Great educational tools.
  3. TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  4. FBS - Low stock and stock index CFD fees and no inactivity fee. Easy and fast account opening. Excellent customer support & education.
  5. Forex.com - Low forex fees. Great variety of currency pairs. Diverse technical research tools.
Meet your forex expert

How did BrokerChooser select the best FX brokers in Japan?


  • We checked whether the broker is regulated by a trusted regulator,
  • Compared fees (including spreads, withdrawal fee, commission),
  • Compared the number of currency pairs,
  • Checked minimum deposit requirements,
  • Opened an account and tested the platform (charting, features, usability, customer service).


Save hours of research!

Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.

BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 500 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.

If you're interested in more forex brokers, read 40+ forex broker reviews.

Best forex brokers
Overview of the best forex brokers

While many forex trading brokers offer an excellent service, the ones in our toplist go the extra mile.

Best forex brokers key data compiled for December 2022
Broker FX Commissions per lot Minimum deposit Account activated in Number of curreny pairs Credit/debit card deposit
Saxo Bank No commission is charged $2,000 1 day 190 Yes
GO Markets €2.00 commission per lot per trade $99 1 day 52 Yes
TMGM $3.50 commission per lot per trade $100 1 day 50 Yes
FBS No commission is charged $0.99 1 day 100 Yes
Forex.com No commission is charged $100 1-3 days 91 Yes

Best forex brokers
Forex spreads' comparison

In most cases, the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important forex spreads in the table below to help with your calculations.

Spreads at the best forex brokers in December 2022
Saxo Bank GO Markets TMGM FBS Forex.com
EURUSD spread 0.7 0.3 0.1 0.7 1.3
AUDUSD spread 0.6 0.3 0.2 1.7 1.3
GBPUSD spread 0.8 0.3 0.3 1.2 1.1
EURCHF spread 1.4 0.3 0.4 2.3 2.8
EURGBP spread 1.2 0.3 0.3 2.7 1.6

We collect spreads regularly, please check the tooltip for the date of the data collection.

If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.

Best forex brokers
Other fees at forex brokers

Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.

Saxo Bank GO Markets TMGM FBS Forex.com
Account fee No No No No No
Inactivity fee Yes No Yes No Yes
Withdrawal fee $0 $0 $0 $0 $0
Deposit fee $0 $0 $0 $0 $0

Best forex brokers
Get the best brokers tailored to your needs


Didn't find the best broker for you? Answer a few questions and get a personalized broker list!
Get a personalized broker recommendation
125,500 people already found a broker via this tool!

Your broker toplist will be selected based on your answers.

Where do you live?
More info

And now, let's see the top forex brokers in detail one by one, starting with the winner, Saxo Bank.

Saxo Bank Logo

#1 Best forex broker
Saxo Bank

Recommended for investors and traders looking for a great trading platform and solid research

Visit broker

Saxo Bank snapshot
Minimum deposit $2,000
Mobile app score 5.0 stars
Deposit method Bank transfer, Credit/debit cards
Withdrawal method Bank transfer
Withdrawal fee $0
Currency pairs 190
Inactivity fee Yes
Read review For a detailed analysis of Saxo Bank services, check out our review for 2023
What your expert thinks of Saxo Bank
GO Markets Logo

#2 Best forex broker
GO Markets

Recommended for forex traders who like the metatrader platform

Visit broker
62% of retail CFD accounts lose money

GO Markets snapshot
Minimum deposit $99
Mobile app score 3.8 stars
Deposit method Bank transfer, Credit/debit cards, Skrill, Neteller, DotPay, Nuvei
Withdrawal method Bank transfer, Skrill, Neteller, DotPay, Nuvei
Withdrawal fee $0
Currency pairs 52
Inactivity fee No
Read review For a detailed analysis of GO Markets services, check out our review for 2023
What your expert thinks of GO Markets
TMGM Logo

#3 Best forex broker
TMGM

Recommended for forex traders who prefer the metatrader platform

Visit broker
68% of retail CFD accounts lose money

TMGM snapshot
Minimum deposit $100
Mobile app score 3.8 stars
Deposit method Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker
Withdrawal method Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker
Withdrawal fee $0
Currency pairs 50
Inactivity fee Yes
Read review For a detailed analysis of TMGM services, check out our review for 2023
What your expert thinks of TMGM
FBS Logo

#4 Best forex broker
FBS

Recommended for investors and cfd traders familiar with the metatrader trading platforms

Visit broker
75.2% of retail CFD accounts lose money

FBS snapshot
Minimum deposit $0.99
Mobile app score 4.3 stars
Deposit method Bank transfer, Credit/debit cards, Skrill, Neteller, Rapid, PerfectMoney,FasaPay
Withdrawal method Bank transfer, Credit/debit cards, Skrill, Neteller, Rapid, PerfectMoney,FasaPay
Withdrawal fee $0
Currency pairs 100
Inactivity fee No
Read review For a detailed analysis of FBS services, check out our review for 2023
Forex.com Logo

#5 Best forex broker
Forex.com

Recommended for forex traders looking for low fees and great research tools

Visit broker
73% of retail CFD accounts lose money

Forex.com snapshot
Minimum deposit $100
Mobile app score 4.3 stars
Deposit method Bank transfer, Credit/debit cards, PayPal
Withdrawal method Bank transfer, Credit/debit cards, PayPal
Withdrawal fee $0
Currency pairs 91
Inactivity fee Yes
Read review For a detailed analysis of Forex.com services, check out our review for 2023
What your expert thinks of Forex.com

Best forex brokers
FAQ

Which are the top forex brokers in the world?

The top 5 forex brokers in the world in 2023:

  1. Saxo Bank - low forex fees and great trading platforms.
  2. Fusion Markets - low forex fees and a superb selection of currency pairs.
  3. CMC Markets - low forex CFD fees and an excellent account opening experience.
  4. Interactive Brokers - low forex fees and diverse research tools.
  5. Capital.com - no inactivity fee and rock-solid background.

How to find the best forex brokers?

The key aspects to consider when choosing a forex brokers is safety and access. Makes sure you always select a broker that is licensed or overseen by a top-tier regulator, such as the SEC in the US, the FCA in the UK or BaFin Germany. As a next step, check to see if the broker accepts clients from your country of residence.

Save yourself hours of research and check out our broker finder tool and find the best broker for you.

Want to understand forex trading in more detail?

Check out these articles written by our broker and trading experts:

Author of this article

Krisztián Gátonyi

Author of this article

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Krisztián Gátonyi

Senior Broker Expert

Krisztián has 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. He received his MSc degree in International Business from the University of Middlesex. He is interested also in real estate and dividend growth investing. His purpose is to help people find the best investment provider.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit GO Markets
62% of retail CFD accounts lose money
Visit TMGM
68% of retail CFD accounts lose money
Visit FBS
75.2% of retail CFD accounts lose money
Visit Forex.com
73% of retail CFD accounts lose money

Share

Comments

×