Currency Exchange in Japan
Currency exchange Japan is possible at any authorized bank or money changer. There are also no restrictions as to the amount of foreign currencies that may be brought into Japan, but when the money exceeds 1,000,000 yen, the full amount has to be declared.
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Currency Index is an online brokerage firm formed in 2008 by industry experts, offering expats in Japan and worldwide competitive forex rates and superior service. This provides the company an advantage over high street banks and other currency service providers. Currency Index is among the first currency brokerage firms to become an FSA-regulated Authorized Payment Institution.
Margin
0.60%
Margin description
0.25% - 0.60% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£7 or £12 - No fee for transfers above £30,000
Min
No minimum
Currencies
Wide range of major and exotic currencies
Options
Bank to Bank Transfers, Spot, Forward contract, Limit or Stop Loss Order
Expatriates in Japan are confident about their forex transactions with Moneycorp, a company established over decades of industry experience, which has been providing currency trading services to the market since 1979. In 2014, it transacted more than £11 billion worth of foreign currencies for its clients. Its excellent ratings also add to its reputation as one of the world’s most trusted forex companies.
Margin
0.6%
Margin description
0.25% - 1% (Depending on volume)
FSA
Yes
HM REV & Customs
Yes
Free
£0
Min
£1,000 or £250 Regular Payments
Currencies
76 Currencies
Options
Bank to bank - one off or regular payments