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FX trading with IBSJ account



Interactive Brokers Securities Japan, one of the top online brokers in the US providing advanced trading tools, a variety of products, will now start offering leveraged FX. Our innovative NDD (No Dealing Desk) execution model offers immediate access to interbank rates. In addition to trading Japanese stocks, futures, Options, and Japanese stock CFDs, you may now trade more than 90 pairs of currencies including Chinese Renminbi and Russian Ruble. You may also utilize our optimized FX trader, a tool designated for FX trading!

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What is an IBSJ-FX?


Immediate Access to Interbank Rates

With access to interbank rates with transparent pricing structure, we are able to provide narrow spreads which are not fixed, and subject to change any time.

78% Global Share and Ensuring Adequate Liquidity

Our tight spreads and substantial liquidity are a result of combining quotation streams from 14 of the world's largest foreign exchange dealers which constitute more than 78% of the market share in the global interbank market. This results in displayed quotes as small as 0.1 PIP.

More than 80 currency pairs available for trading!

Including Chinese Yuan and Russian Ruble, and Mexican peso.

Symbol/Currency

Please refer to this link for Currency Pairs available for trading: https://www.interactivebrokers.com/en/index.php?f=marginnew&p=cfd2
Notes: Currency pairs that involve KRW are not tradable.

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Advanced trading tools supporting variety of order types

TWS (Trader Work Station): The FXTrader provides an optimized trading interface with IB-designed tools to trade the forex markets on the TWS platform. FXTrader supports over 20 order types and ensures adequate technical analysis. We offer API and FIX CTCI solutions, and access to softwares such as Java and VB provided by other vendors.

FX Trader Example
Technical analysis
Order Types

The following order types are available for FXCFDs. Please click on order types link below to find details.

LMT (Limit) A Limit order is an order to buy or sell at a specified price or better.
MKT (Market) A Market order is an order to buy or sell at the market bid or offer price.
STP (Stop) A Stop order is an instruction to submit a buy or sell market order if and when the user-specified stop trigger price is attained or penetrated.
STP LMT (Stop Limit) A Stop Limit order instruct the system to submit a buy or sell limit order when the user-specified stop trigger price is hit.
MIT (Market if touched) A Market if Touched (MIT) is an order to buy (or sell) an instrument below (or above) the market.
LIT (Limit if touched) A Limit if Touched is an order to buy (or sell) an instrument at a specified price or better, below (or above) the market.
TRAIL A sell trailing stop order sets the stop price at a fixed amount below the market price with an attached "trailing" amount. As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop loss price doesn't change, and a market order is submitted when the stop price is hit.
TRAIL MIT (Trailing Market if touched) A trailing market if touched order is entered on the same side of the market as a limit order. This order will initially be set at a price level that is favorable to the current market. As the market moves away from the initial trigger price, the user defined trailing amount will adjust the trigger price to follow the market.
TRAIL LIMIT (Trailing Limit if Touched) A trailing limit if touched order is entered on the same side of the market as a limit order. This order will initially be set at a price level that is favorable to the current market. As the market moves away from the initial trigger price, the user defined trailing amount and limit offset amount will adjust the trigger price and the limit price to follow the market.
REL (Relative) Relative (a.k.a. Pegged-to-Primary) orders provide a means for traders to seek a more aggressive price than the National Best Bid and Offer (NBBO).
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Commission

NDD (No Dealing Desk) execution model is used for IBSJ-FX. Therefore, exchange rates can vary from Dealing Desk execution model. IB passes through the prices that it receives and charges a separate low commission.

Please click here for commission details. Note: Commission will be charged in JPY.

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Carry Interest

Carry Interest: The carry interest for IBSJ FX is based on a currency-pair specific benchmark and a spread. Forex CFDs are rolled over reflecting the benchmark interest rate differential of the relevant currency pair. This offers greater stability as benchmark rates generally are less volatile than swap rates. In addition, IB applies a low financing spread that for major pairs starts at just 0.5%. More volatile pairs have higher financing spreads. Click here for the further details.

Important Notice: Interest is calculated on the contract value expressed in the quote currency, and thereafter converted and credited or debited in JPY. You may refer to the activity statement for the JPY conversion rate, which will be applied to the calculated interests.

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Margin

IBSJ will apply IB margin requirement or regulatory margin requirement The Financial Futures Association of Japan determines, whichever is greater for FXCFD.

Please refer to the below link for details on IB margin requirement for FX CFD.
https://www.interactivebrokers.com/en/index.php?f=marginnew&p=cfd2

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Contract Specifications
CFD Type Forex
Underlying Spot currency pair, e.g. EUR.USD, USD.JPY, EUR.JPY
Contract Unit 1 unit of base currency
Minimum Order Amount 25,000 USD (Or non-USD equivalent) Wider spreads for order size less than the minimum amount
Time In Force of Orders DAY (One day), GTC (Good Till Cancel), GTD (Good till Date)
Margin Currency JPY
Individual Acct Margin Requirement 4% of Market Value, or IB Margin (whichever is greater)
Entity Acct Margin Requirement Regulatory Margin or IB MarginIB Margin (whichever is greater)
Initial Funding 1,000,000 JPY
Trading hours Monday 07:15 – Saturday 07:00
During Daylight Saving Time
Monday 06:15 – Saturday 06:00
Public Holidays Per Forex Holiday Calendar
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Customer Asset Protection

As a Financial Instruments Business Operator, IBSJ manage the assets entrusted by customers (money, shares, and other securities) strictly separately from our property to preserve the customer assets. If IBSJ goes bankrupt, this will in principle have no effect on customer assets and customers can request return of their assets from IBSJ. Customer money is segregated in custody accounts of SMBC bank, which are designated for the exclusive benefit of customers of IBSJ.

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