FXTF

FXTF · Company Summary

Overview

FXTF (Goldenway Japan Co., Ltd.) is a regulated financial institution in Japan with over 15 years of experience in forex and commodity CFD trading. Supervised by the Financial Services Agency (FSA), FXTF adheres to strict Japanese regulations. The broker offers 30 currency pairs and commodity CFDs, with leverage options up to 25:1 on major instruments. FXTF supports two primary trading platforms—MT4 for advanced traders and GX for beginners—accompanied by a range of trading tools.

Pros & Cons

• Pros:
  • Regulated by the FSA, ensuring a secure trading environment.
  • Offers leverage up to 25:1 on major forex pairs.
  • Two trading platforms available: MT4 (for advanced traders) and GX (for beginners).
  • Includes advanced trading tools like the FXTF Future Chart and Margin Calculator.
  • Fast deposits and same-day withdrawals.
• Cons:
  • Limited payment options, as only bank transfers are accepted.
  • Insufficient information on account types, demo accounts, and Islamic account options.
  • Customer support lacks live chat and a comprehensive FAQ section.
  • Spreads on certain pairs may be wider than those of other brokers.

Is FXTF Legitimate?

Yes, FXTF is a licensed and regulated broker under Japan's Financial Services Agency (FSA) with the license number 関東財務局長（金商）第258号. Since 2007, FXTF has adhered to stringent financial standards, offering transparency and client fund protection, which confirms its credibility as a reliable broker.

Market Instruments

FXTF provides access to a variety of trading instruments, including:

• FX Trading: Margin trading on 30 currency pairs, such as USD/JPY, EUR/JPY, and GBP/JPY.
• Commodity CFDs: Trading gold (XAU/USD) and silver (XAG/USD) against the USD.

Account Opening

Opening an account with FXTF involves three steps:

1. Application Submission: Complete an online form with personal details.
2. Document Submission: Upload ID verification documents online.
3. Account Review: Wait for account verification and approval.

Leverage

FXTF offers leverage options of up to:

• 25:1 on major currency pairs.
• 12.5:1 on select pairs, such as TRY/JPY, ZAR/JPY, and MXN/JPY.

Spreads & Commissions

FXTF provides competitive spreads on major currency pairs:

• USD/JPY: 0.1 pips
• EUR/JPY: 0.3 pips
• EUR/USD: 0.2 pips

Deposit & Withdrawal Options

FXTF accepts bank transfers for deposits, which are processed almost instantly and free of charge. The minimum deposit is ¥1,000. Withdrawal requests made before 9:00 a.m. on weekdays are processed the same day, allowing for quick access to funds.

Trading Platforms

FXTF supports two trading platforms designed for different trading levels:

• MetaTrader 4 (MT4): Available on PC, mobile, and web, MT4 is equipped with advanced charting tools for experienced traders.
• GX Trading System: A simplified platform integrated with TradingView, suited for beginner traders.

Additional Tools and Features

• FXTF Future Chart: A tool for predicting price movements based on historical data.
• Technical Analysis Commentary: Clear, simple analysis of market movements.
• Margin Calculator: Assists traders in margin calculations.
• FXTF E-mail Magazine: A weekly newsletter with market news and insights.

Customer Support

FXTF provides several channels for customer support:

• Phone: Available Monday to Saturday (hours vary by season)
• Email: For inquiries from both live and demo account holders
• LINE Messaging Platform: A channel for notifications and general customer service

Conclusion

FXTF is a reliable broker with a strong regulatory background under Japan's FSA, providing a secure trading environment. It caters to both beginner and experienced traders through its dual-platform approach (MT4 and GX) and offers various tools for effective trading. However, the lack of diverse payment options, limited customer support features, and insufficient information on account options may present drawbacks. Overall, FXTF remains a solid choice for forex and commodity CFD trading within Japan’s regulated market.