Japan has one of the world’s strictest regulatory regimes for forex & CFD brokers, and that also includes brokers that offer forex trading with so-called direct market access, also known as DMA trading. In short, this allows traders to trade against other traders, rather than against a dealing desk operated internally by the broker.
Due to the strict regulations imposed by the Japan Financial Services Agency (JFSA), DMA forex brokers in Japan cater mainly to local traders. To enjoy higher trading leverage and access to other types of instruments (i.e. binary options), traders should instead look to brokers located in typical offshore jurisdictions or in New Zealand, where regulations are more relaxed.