Japan Binary Options
Binary options trading is highly popular in Japan. Unlike many other countries, there is very broad participation in trading financial markets – foreign exchange (forex) in particular.
Due to Japanese regulatory restrictions, binary option traders are forced to look to overseas brokers. Fortunately there are a few great brokers operating outside of Japan.
Japan Top Binary Brokers
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Depositing and Withdrawing
One of the challenges of dealing with overseas brokers is being able to deposit and withdraw cheaply and efficiently. Japanese binary options traders can sometimes find it difficult.
Zentrader is one binary options broker that offers local Japanese Yen (JPY) payments to traders. Japanese traders can now deposit and withdraw fast via their local bank account and JCB/Mastercard credit cards.
Zentrader does not charge any fees on JPY deposits and withdrawals.
Are Binary Options Legal in Japan?
Yes, Japanese residents are free to trade binary options. While there are some local Japanese brokers who offer binary options, there are heavy restrictions on what products they can offer. This is the reason many Japanese traders choose overseas brokers.
There is no law preventing Japanese residents from dealing with an overseas financial services provider.
Japan Binary Option Taxes
WARNING: Japanese taxes are a complicated matter! We are only providing general commentary on this matter and recommend you seek personal advice from an expert.
Binary option brokers do not and are not responsible for withholding taxes. This is 100% responsibility of the trader.
Profits from trading (including binary options) will generally be classified as miscellaneous income, which is taxable in Japan.
Binary options in Japan are regulated by the Japan FSA.
Previously there were many brokers in Japan offering binary options up until major regulatory changes were put in place by the Japan FSA. While the Japanese regulators may have had good intentions, traders were left with a complicated product which did not meet their needs.
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