Japan’s Money Partners offers cheapest forex service – study

Japan’s Money Partners offers cheapest forex service – study

Do not invest more money than you can afford to lose.


The Japanese forex broker Money Partners, part of the conglomerate Money Partners Group (TYO:8732), said it ranked first as the cheapest forex exchange service provider in Japan, for a second consecutive year. The claim is based on a survey done by the local business research and analysis company Yano Research.

The study was conducted among 167 companies providing foreign exchange services in Japan. It found that Money Partners charges between 90 and 97% lower commissions on exchanging USD, EUR, GBP and CHF, on 800 or more currency units.

Money Partners0.2025 JPY0.2055 JPY0.2295 JPY0.2190 JPY
Banks1.75 JPY-3.25 JPY3-9.50 JPY7-15 JPY2.97-4.90 JPY
Forex exchange companies0.89-3.36 JPY1.60-6.715 JPY3.49-15.185 JPY2.25-7.925 JPY

The holders of forex accounts with Money Partners can deposit JPY and exchange it into a forex currency over the internet, can get their sum at the currency exchange offices of the broker at Narita International airport, Haneda airport, or Kansai International Airport. Besides the aforementioned currencies, the broker offers exchange of KRW and CNY.

Money Partners Group is a holding company consisting of the forex and CFD broker Money Partners and the fintech development company Money Partners Solutions. In April operating revenue was JPY 473 million, down 10.6% from March.

In the recent months it has been making serious investments in the blockchain technology. In the end of March it announced an undisclosed investment in the Japanese branch of Payward – the operator of the Kraken bitcoin exchange and earlier this month announced an investment of JPY 49 million in the operator of the Japanese bitcoin exchange Zaif – TechBureau.

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