General Information & Regulation of YJFX!
YJFX! is a Yahoo Group company, launched in 2003, headquartered in Tokyo. YJFX! holds a retail foreign exchange license issued by the Financial Services Agency of Japan (regulatory certificate number: 1011001041056).
Market Instruments of YJFX!
YJFX! provides investors with financial instruments such as foreign exchange currency pairs and investment trusts, while information on other financial instruments is not fully disclosed.
Minimum Deposit of YJFX!
The minimum deposit part remains not fully disclosed on forex trading and other products trading. Investors should ask YJFX! in advance before starting with this broker.
Leverage of YJFX!
Accoding to Japanese laws, the maximum trading leverage ratio avilable for forex trading is up to 1:25. Investors are advised to use leverage with caution, for leverage can magnify potential profits but also increase risk to a large extent.
Spreads & Commissions
Spreads vary depending on specific time. For example, during the 9:00 AM to next morning 03:00 AM, spread on EUR/JPY from 0.2 pips, EUR/JPY 0.5 pips, EUR/USD 0.4 pips, AUD/JPY 0.7 pips, while outside the period, EUR/JPY spread turn 4.0 pips, EUR/JPY 6.0 pips, EUR/USD 4.0 pips, AUD/JPY 6.0 pips. Still, YJFX requires no commissions for forex trading.
Trading Platforms of YJFX!
YJFX! offers a forex trading tool application equipped with a full range of ordering features, including one-click ordering, which allows clients to place orders with a single click while checking market prices and account status in real-time.
Deposit and Withdrawal of YJFX!
YJFX! supports two types of payment methods, namely Quick Transfer and Transfer Deposit. Quick Deposit is an online deposit service that can be used 24 hours a day if the customer has an Internet bank account with one of the company's affiliated financial institutions. Regarding transfer deposits (in Japanese yen/foreign currency), the transfer fee for each financial institution is borne by the customer, while the quick transfer (in Japanese yen only) is free of charge. For customer withdrawals, the fee is free for Japanese yen and 1,500 yen per withdrawal for foreign currencies.