General Information & Regulation of FXTF
FX for Japan Co., Ltd was established in 2006, registered for financial futures trading business in March 2007, and became a white label company of Saxo Bank. In 2008, the company name was changed to FX Trade Financial Co., Ltd, and the head office was moved to Minatochi. In 2010, the parent company FX Trade Holdings changed its form from a limited liability company to a joint-stock company, and in August of the same year, OTC foreign exchange options trading became available, and in September, it began processing automated foreign exchange trading services. In June 2011, it began providing corporate In June 2011, FX Trade Holdings began providing foreign exchange trading services to corporations, and in August, it began processing OTC foreign exchange margin trading [FXTF MT4], and in December, all shares held by FX Trade Holdings Co. In 2014, the name of the OTC automated trading service [AUTO FX] was changed to “FXTF Mirror Trader,” and in December, the OTC margin trading service [Easy FX] was launched. FXTF holds a retail foreign exchange license from the Financial Services Agency of Japan, regulatory number: 8010401062465.
Products
FXTF provides investors with margin trading services on 30 currency pairs.
Minimum Deposit of FXTF
A maximum of one account can be opened per person. The person opening the account must be able to prove that he/she is an grown-up residing in Japan and must meet all the conditions for accepting the application to open an account. For forex trading, there is no minimum deposit limitation.
Leverage of FXTF
Most mojor currency pairs trading can apply 25X leverage, while TRY/JPY, ZAR/JPY, MXN/JPY trading can use 12.5 X leverage.
Spreads
FXTF offers spreads of 0.1 pips on USDJPY, 0.3 pips on EUR/JPY, 0.2 pips on EURUSD, 0.6 pips on GBPJPY, 1.0 pips on NZDJPY, and 0.7 pips on GBPUSD.
Trading Platforms Available of FXTF
FXTF provides traders with the market-leading and widely acclaimed MT4 trading platform (available for desktop, web, and mobile). FXTF states that for accounts with an account application completion date and time after May 2, 2020, at 9:00 am, automated trading with FX Automated Trading Program (EA) is not available.
Trading Hours of FXTF
Winter trading hours are Monday 7:05 am - Saturday 6:50 am, with maintenance from Tuesday to Friday 6:55 am - 7:05 am (10 minutes); Summer trading hours are Monday 7:05 am - Saturday 5:50 am, with maintenance from Tuesday to Friday 5:55 am - 6:05 am (10 minutes).
Deposit & Withdrawal of FXTF
FXTF only supports deposits and withdrawals in Japanese Yen. There are two deposit methods: Quick Deposit and Transfer Deposit. Quick deposits can be made directly on the page with no fees, with a minimum deposit of 1,000 yen; transfer deposits need to be made at a bank counter or ATM, with fees borne by the user, with a minimum deposit starting at 1 yen. The minimum withdrawal requirement is 1,000 yen or more, and deposits made after 9 am will be processed on the next business day.
