This article introduces the latest 17 major brokers recommended for beginners in overseas FX and how to start trading. For beginners who are thinking about trading and investing in overseas FX in earnest, we will explain how to choose a broker so that you do not fail. We hope that those who are actually struggling will find this article helpful.
What is an overseas FX company?
What is an overseas FX company? Beginners will be curious. We will explain the basics for beginners. Overseas FX refers to FX companies that have bases overseas. Needless to say, FX brokers exist not only in Japan but all over the world. It is ideal to take advantage of the wide range of functions from the beginning and proceed while settling dollar and euro products one by one.
It is not illegal to use
Most overseas FX brokers are not licensed by the Financial Services Agency in Japan. Some people may be suspicious because of this, but there is absolutely nothing illegal about using them to trade. You will not be fined or arrested for trading with an FX company. Even people living abroad can use it at their own risk. Basically, the operating companies are very reliable, and you can see an overview on the official page. There are many companies in the industry with low transaction costs.
Trust preservation is not mandatory
Trust preservation is not mandatory for overseas FX. Trust preservation refers to the separation and management of funds deposited by customers and the operating funds of the FX company in a trust bank. With domestic FX brokers that have trust protection, even if they go bankrupt, the funds deposited will be returned by the trust bank. However, this does not apply to overseas brokers, so be careful. Users can use high-leverage techniques from the screen, but if you feel that the system is dangerous, try the major ones first.
Some do not support Japanese
Needless to say, since overseas FX brokers are overseas companies, it is natural that some do not support Japanese. Since you are using an overseas broker in the first place, you should be able to speak at least English. In some cases, overseas staff will handle support. If you are unsure about which broker to choose, it may be smoother and better to use a domestic broker.
Unscrupulous brokers
There are some unscrupulous brokers. All of the brokers introduced in this article are popular and have a track record of operating for more than 5 to 10 years, so there is no problem, but avoid using brokers with a short operating history, as you may be subject to price manipulation, widening of spreads, stop hunting, account freezing, and running away with the money. Therefore, as a guideline, choose a broker that has a financial license in any country. It is highly safe because it is operated under regulations.
Many stocks available
In Japan, only currency pairs are available, but overseas, a full set of CFDs, precious metals, energy, stocks, stock price indexes, etc. are available. Please note that profits are not guaranteed. However, there are many options for using assets, so you can trade without restrictions on the target stocks. Of course, investors can also use automated trading, so you can earn money efficiently. It would be ideal if the company could hold a large number of positions and be reliable.
Are overseas FX companies safe?
Are overseas FX companies safe? First of all, what kind of overseas FX companies can be said to be truly safe? We will explain this point. Compared to domestic, overseas standards are looser, so we recommend them. Functions are added one after another, and you can enjoy them together with the fixed functions. Get it now and trade yourself. Recently, more people in Japan have opened accounts overseas. Foreign exchange margin trading is almost done by individuals, so if you want to do it, you need to check carefully.
Financial license
Possession of a financial license is a prerequisite. If you have two or three licenses, you should feel very safe. It is proof that you are controlled under the regulations of the Financial Services Agency, so you should be able to make the same investment according to your purpose with confidence, whether it is USD/JPY or EUR/USD. You can put in a lot of money. Another advantage is that the leverage is high, so you can do it with a content of about 10,000 yen. There is a lot of profit to be made and you can take profits just by getting a few pips.
MT tool
Domestic FX companies often use original trading tools. This causes problems such as not knowing how to calculate. However, overseas, the tools used are MT, so once you get used to it, it is easy to operate and has high functions such as technical analysis. Nowadays, there are many indicators that can analyze the market with MT, so places that introduce these are safe. Look at the documents on the official website and check our tools and formats.
Long operating period
Long operating period is also important. As a guideline, a track record of operation for more than 10 years is OK. There is no risk of funds being stolen. You will be able to transfer money stably and find the right timing to trade. You can set the lot size yourself, so you will be able to invest in different stocks in both US dollars and Japanese yen. Depending on the time of day, price movements can be completely volatile due to news, so caution is required. Be careful when purchasing.
Differences between overseas and domestic FX
The differences between overseas and domestic FX are as follows. There are tendencies for the following differences between overseas and Japan. There are advantages and disadvantages, so be careful when opening an account. We will introduce the features of each information. There are many platforms and they can be installed for free, so overseas is recommended. You can trade with confidence by logging in.
| Oversea | Japan | |
| License | abroad | Japan |
| Leverage | 1000x～ | 25x |
| Trade Style | NDD | DD |
| Platform | MT4・MT5・cTrader | Original |
| Zero Cut | 〇 | × |
| Bonus | 〇 | × |
| Loss Cut | 0〜20% | 100% |
| Tax | 15%〜55% | 20.315% |
Withdrawal and deposit rules
Foreign brokers have rules for withdrawal and deposit. To make a simple comparison, in Japan, you can send money in bulk via bank or credit card. However, overseas brokers offer virtual currencies and bitwallets, and there are conditions among the many. It is an attractive service, but when registering and choosing, it is recommended to choose a place where it is easy to order and the rules for deposits are not troublesome. If you are a first-time user, please consider this.
Check the environment
Check the environment. Overseas data centers and infrastructure are better developed than in Japan, so execution is less likely to be delayed. Since customers have a wide variety of investments, overseas is recommended. Major companies have also announced that they will guarantee funds when server delays occur. There are great benefits to starting with a proven track record. Take a look at the terms of use and how to use it, and choose a place where you can earn money reliably. It is also ideal to have a demo when starting for the first time as a new user. You can learn about buying and selling knowledge, swaps, and advantageous fighting methods on the chart.
Abundant bonuses
Overseas FX has a wealth of bonuses. The spreads are wider and it is a disadvantage, but the bonuses can be used as credits, so they are large. Check the home page for unique bonuses, campaigns, and cashbacks. Ideally, you should start with a low cost and amount. Professionals also use places that are 100% slip-free. The main points are well managed and you can receive more bonuses than other companies, so you can make money by placing orders.
Zero-cut system
Unlike Japanese FX companies, the zero-cut system is applied overseas. In the zero-cut system, if the balance becomes negative due to some sudden market fluctuation, the broker will take over the negative amount, so there is no margin call. This system can reduce risk in combination with loss cut. Basically, this system exists because volatility increases when economic indicators are announced.
Maximum leverage
The maximum leverage is 25 times in Japan, and the same is true in Europe, which requires a considerable amount of margin. However, overseas FX companies have a maximum leverage of 1000 times or 2000 times, and you can trade even with very small amounts. Basically, select the appropriate leverage before creating an account. If you have funds, it is also suitable for large transactions. Ideally, there should be no slippage even with high leverage.
Trading method
Foreign FX adopts the NDD method, while domestic FX adopts the DD method. With the NDD method, traders trade directly with the interbank market, and the spread and trading fees become the company’s profits, but with the DD method, trades are made with dealers at FX brokers, and the trader’s losses become the FX company’s profits. As you can see from this, the more a trader continues trading with overseas FX, the more profitable the broker becomes.
Introducing overseas FX with high contract power
Now, let’s introduce some overseas FX companies with high contract power. We have selected some very popular and reliable brokers and compiled them into a list, so we hope you will find it useful.
XMTrading
XM actually has three companies. When you search online, you will find three hits: XM.com, XMtrading.com, and XMGlobal. Among them, XMTrading offers a comfortable environment for Japanese users, and is highly recommended as it has KIWAMI and Zero accounts.
| Brand name | XM | XMTrading | XMGlobal |
| Operating company | Trading Point Holdings LTD | Tradexfin Limited | XM Global Limited |
| URL | www.xm.com | xmtrading.com | xmglobal.com |
| location | Cyprus | Seychelles | Belize |
| license | FCA、ASIC、CySEC | FSA | IFSC、DFSA、ASIC、CySEC |
| Service Countries | Europe | Asia | others |
FXGT
FXGT is a relatively new FX company established in 2019. The operating company is 360 Degrees Markets Ltd., with a registered address in the Republic of Seychelles. Originally, they also offered services called Global GT and Crypto GT, but they were merged into FXGT in 2023. Of course, they also have a financial license, so you can rest assured that they have a high reputation among people. In the past, they have added many bonuses, and they are a good deal as they are a top-ranked broker.
| Operating company | 360 Degrees Markets Ltd. |
| Registered address | セーシェル共和国 Room 12, First Floor, Kingsgate House, Victoria, Mahe, Seychelles |
| Financial License | FSA: Seychelles Financial Services Authority |
| Established | 2019 |
Axiory
Axiory is an overseas FX broker established in 2015 by Axiory Global Ltd. Axiory is headquartered in Belize and incorporated as a “tax haven”. It has obtained the IFSC license from the Financial Services Agency of the Belize International Financial Services Commission, making it a very reliable and safe FX broker.
| Operating company | Axiory Global Ltd. |
| Established | 2015 |
| location | No. 1 Corner of Hutson Street andMarine Parade Belize City, Belize |
| Financial License | IFSC: Belize International Financial Services Commission |
Bigboss
BigBoss is an FX company established in 2013. It is based in Saint Vincent and the Grenadines and is operated by Prime Point LLC. It has a good reputation among traders and has not experienced any major problems or withdrawal refusals, so it can be said to be a very reliable company.
| Company | Prime Point LLC |
| Found | 2013 |
| Address | 1/F, First St Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines |
| License | SVG FSA |
easyMarkets
easyMarkets was founded in 2001, making it by far the oldest company among overseas FX brokers. It is operated by EF Worldwide Limited, and is an FX broker based in the Marshall Islands. The Marshall Islands are a tax haven, so they tend to be the base of FX brokers.
| Operation Company | EF Worldwide Limited |
| Address | Ajeltake Road, Trust Company Complex, MH 96960, Ajeltake Island, Majuro, Marshall Islands. |
| License | CySEC,ASIC,FSA,FSC |
| Found | 2001 |
| URL | Click here |
Exness
Exness is a world-famous FX brand founded in 2008 with global expansion. It is a multinational corporate group that has obtained official financial licenses in multiple countries, including European and overseas subsidiaries and affiliates. As of April 2022, it boasts a trading volume of over 2105 trillion dollars.
| Operating company | Exness Limited |
| Registration number | 8423606-1 |
| Country of registration | Japan-Seychelles Relations |
| Company Address | 9A CT House, 2nd floor, Providence, Mahe, Seychelles |
| Established | 2008 |
| Number of Employees | 1054 |
| URL | Home Page |
| telephone number | (+248) 4346767 |
| email address | support@exness.com |
| Financial License | Seychelles Financial Services Authority |
FBS
FBS is an FX broker based in Vanuatu. Founded in 2009, it is a FX broker with a long history of operation. It has successfully expanded globally and has branches all over the world. It also has a financial license. It is well-known among overseas FX brokers, and deposits and withdrawals are safe.
| Operation Company | Mitsui Markets Ltd. |
| Established | 2009 |
| Address | 133 Santina Parade, Elluk, Port Vila, Efale, Vanuatu |
| License | VFSC、IFSC、CySEC |
HFM
The company profile of HF Markets is as follows. The company name has always been Hot Forex, but it changed to HFM in 2022. HFM is a very popular company, especially in Europe, and has won more than 60 awards, so it is very popular and well-known.
| Company Name | HF Markets(SV)Ltd |
| CEO | – |
| Found | 2010 |
| Address | Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines. |
| Capital Stock | ? |
| Number of employees | 250 |
| support@hfm.com | |
| Licence | IBC No: 22747 IBC 2015 St. Vincent and the Grenadines |
| URL | Home Page |
iForex
iForex is a very long-established FX company, and this alone makes it trustworthy. The operating company is Formula Investment House Ltd, which was established in 1996, so it has a history of 30 years. It is based in the British Virgin Islands and has a financial license registered with the Financial Services Commission of the British Virgin Islands (BVI FSC).
| 運営会社 | Formula Investment House Ltd |
| 設立 | 1996 |
| 所在地 | 1, Wickham’s Cay, Road Town,Tortola BVI VG1110 |
| 金融ライセンス | BVI FSC：英領バージン諸島金融サービス委員会 |
IronFX
IronFX is a globally expanding FX broker established in 2010. As service information is provided worldwide, there are many registered users in Europe, Asia, the Middle East, Africa, and Latin America, and awareness is increasing. IronFX is recognized as a fast-growing FX broker, and in 2012 it won the Best Trading Platform 2012 award.
| Broker | IronFX |
| Established | 2010 |
| Headquarter | Cypros |
| Service Area | Europe Asia Africa Oceania North America South America |
| License | CySEC FCA ASIC |
| Address | 2, Iapetou Str., Agios Athanasios, 4101 Limassol, Cyprus |
| Tel | +44(0) 203 282 7777 |
| Owner | Markos A. Kashiouris Peter G. Economides |
| Company Name | Notesco Limited |
| URL | Home |
LandPrime
Land-FX is an FX broker established in 2013 by the operating company Land Prime Ltd. It has been in operation for over 10 years, so it can be said to be a fairly established broker. Its greatest appeal is its narrow spreads and high contract power, and it has traders all over the world.
| Operation Company | Land Prime Ltd. |
| Established | 2013 |
| Address | ? |
| License | SVG FSA |
| URL | Home |
MILTON MARKETS
MILTON MARKETS is an FX company established in the Republic of Vanuatu in 2015. It is regulated by the Vanuatu Financial Services Commission and has a financial license from the VFSC, so it is a very reliable company.
| 運営会社 | Milton Markets Ltd. |
| 設立 | 2015 |
| 所在地 | バヌアツ共和国 2nd Floor, Transpacific Haus Lini Highway Port Vila, Vanuatu |
| 金融ライセンス | VFSC：バヌアツ金融サービス委員会 |
GeneTrade
GeneTrade is an FX service company established in 2018 by the operating company Genius Trading LTD. The company is headquartered in Belize and holds a financial license from the Belize International Financial Services Commission (IFSC), so it is operated under regulations.
| Operation Comapany | Genius Trading LTD |
| Found | 2018 |
| Address | 5 Cork Street, Belize City, Belize |
| License | IFSC |
TITANFX
TITANFX is an FX company established in the Republic of Vanuatu in 2014. It offers a wide range of services, including free VPS, free EA, and copy trading, and is highly recommended. The maximum leverage is 500x, so you can deposit and withdraw funds with peace of mind.
| Operation Company | Titan FX Limited |
| Establishment | 2014 |
| Address | Pot 564/100, Rue De Paris, Pot 5641, Centre Ville, Port Vila, Vanuatu |
| Financial license | VFSC |
TradersTrust
It is now TTCM TRADERS CAPITAL LIMITED, a group of companies that operate TradersTrust, and was founded in 2009. It is headquartered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is difficult to obtain.
| Operation Compamy | TTCM Traders Trust Capital Markets Limited (ltd) |
| Found | 2009 |
| Address | 3 Thalia Street, Office Number 310-318, 3rd Floor, 3011, Limassol, Cyprus |
| License | CySEC |
Axi
We will explain the basic information of Axi. Axi is an FX broker established in Australia in 2007. Of course, it holds a license from the Financial Services Agency and is one of the famous brokers with many users. All account types offer up to 1,000 times leverage.
| Broker | Axi |
| Established | 2007 |
| Max Leverage | 1000x |
| License | SVG ASIC FSA |
| Trading Tool | MT4 |
FXPRIMUS
The basic information of FXPRIMUS is as follows. Naturally, it holds a financial license and is operated under strict regulations. It has bases in Vanuatu and Cyprus and has obtained licenses from the financial authorities of each country.
| Broker | Primus Markets INTL LTD(Cyprus) Primus Global LTD(Vanuatu) |
| Location | Cyprus Vanuatu |
| License | CySEC VFSC |
| Established | 2009 |
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