Company

Spread

for USDJPY

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

Markets.com

Offers five ways to trade: Forex, Shares, Indices, Commodities, ETF and CFD

 
Markets.com
See Details Try a Demo
Your capital is at risk/span>
$100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
See All Accounts
  • Fixed
  • Variable

See Spreads
  • Bank transfer
  • Credit cards
  • PayPal
See Methods
  • Live chat
  • Phone support
  • Email support
Contact Details
  • Market Maker
  • DMA
  • ECN
Learn More
Trust Score:

B

0

Established in:

2008

Regulated by:

CySEC, Financial Services Boar...

CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Trading USD/JPY

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose Markets.com
For Trading USD/JPY?

Markets.com scored best in our review of the top brokers for trading usd/jpy, which takes into account 120+ factors across eight categories. Here are some areas where Markets.com scored highly in:

  • 9+ years in business
  • Offers + instruments
  • A range of platform inc. MT4, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from pips
  • Used by + traders
  • Allows hedging
  • 5 languages
  • Leverage up to 100:1

Markets.com offers five ways to trade: Forex, Shares, Indices, Commodities, ETF and CFD. If you wanted to trade USDJPY through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

Markets.com have a B trust score, which is good. This is largely down to them being regulated by CySEC, Financial Services Board, segregating client funds, being established for over 9 years, and much more. For comparison:

Trust Score comparsion

Markets.com
Trust Score B
Year Established 2008
Regulated by CySEC, Financial Services Board
Uses tier 1 banks
Company Type Public Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who Markets.com is (& Isn’t)
Suitable For

As mentioned, Markets.com allows you to trade in five ways: Forex, Shares, Indices, Commodities, ETF and CFD.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with Markets.com, you'll need a minimum deposit of $100. Markets.com offers a range of different account types for different traders including a mini account, vip account.

Finally, Markets.com isn't available in the following countries: AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE.

Part 3

A Comparison of Markets.com vs. vs.


Want to see how Markets.com stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Markets.com
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread 2.0
USD/CAD Spread 3.0
USD/JPY Spread 0.2
DAX Spread 2
FTSE 100 Spread 2
S&P500 Spread 1

Comparison of account & trading features

Markets.com
Spread type
EUR/USD Spread 2008
EUR/GBP Spread CySEC, Financial Services Board
Crude Oil Spread
Gold Spread Public Private Private
DAX Spread

Part 4

Forex Trading: The USD/JPY Forex Currency Pair

When you trade in the forex market, you buy or sell in currency pairs. These pairs are divided into Major Currency Pairs, Cross-Currency Pairs & Exotic Currency Pairs. The major pairs are the most liquid and widely traded currency pairs.

In terms of trading volume, the USD/JPY is one of the most popular traded currency pairs. Based on BIS Triennial Central Bank Survey 2016, EUR/USD are responsible for 23.1% & USD/JPY 17.8% of total OTC foreign exchange turnover.

A the time of writing, the high / low price for the month for USD/JPY was 114.95 and 111.59, this means that USD/JPY had moved 336 pips on this month, and looking back to the last 3 month, the movement was: January 2017: 653 pips December 2016: 578 pips, November 2016: 1334 pips. This suggests that the currency pair is a volatile currency which day traders prefer, as they make/lose money when the market moves.

Influences of the USD/JPY Currency Pair

Factors that influence the currency pair include: economic climate, political issues that happen in USA & Japan. Because USD/JPY is known as a safe haven pair, they are affected by political & economical issues of other major countries, like what happened with Brexit on June 2016, the USD/JPY moved over 1180 pips as a results of political decisions in the UK.

In 2017, potential influences of the currency pair include:

  • Economic reports such as Interest rate & unemployment rate for Japan and the US
  • Political issues like President Trump’s policies, and when the UK will reach the Article 50 for Brexit in March 2017

How To Trade the USD/JPY Currency Pair

Traders with smaller account sizes, trading Forex using an online forex broker is one of the most popular methods. With a forex broker like AvaTrade, you will be able to maximize a smaller account size using leverage up to 1:400 and get access to over 60 forex pairs. With a broker like AvaTrade, traders receive the added benefit of charting & news feeds, education on money management and how to trade.

AvaTrade also offer their clients various platforms to choose from including the popular MT4 platform.

The Trading conditions available for some of the major pairs with AvaTrade are:

Instrument Min Spread (Pips) Typical Spread* (Pips) Leverage Margin Minimum Trade
USD/JPY 0.9 1.7 400:1 0.25% 0.01 lot
EUR/USD 1.0 1.8 400:1 0.25% 0.01 lot
GBP/USD 1.8 3.1 400:1 0.25% 0.01 lot

*All information collected from www.avatrade.com, see website for full terms and conditions. Your capital is at risk. Last updated on March 6th, 2017.


Jump to top
Loading icon