JCB Card Forex Brokers

JCB Card Forex Brokers 2017

JCB cardJCB card FX brokers are forex brokers that provide their traders with the ability to deposit trading capital and also withdraw any profits which have been made using the JCB cards.

JCB stands for “Japan Credit Bureau”, a credit card company which is based in Tokyo, Japan. JCB cards have found wide usage worldwide and are used by approximately 80 million users over the platforms of more than 24 million merchants. Some of these merchants include forex brokers. The card is accepted by merchants utilizing the UnionPay network in China, the Discover network in America and also on JCB merchant sites. One place where JCB cards have found usage is on forex broker websites, where they can be used to deposit and withdraw funds. This gives the JCB card brand a large user base that cuts across Japan, China, America and other regions where JCB, Discover and UnionPay are used.

Forex Brokers that Accept Deposits using JCB Cards:

1
Min. Deposit
$10
Exclusive promotion
Our score
10
55+ currency pairs available
Trade on a trusted platform
24/7 support via live chats, email or phone call
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Credit Card, Debit Card, Visa, Bitcoin
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.
2
Min. Deposit
$10
Exclusive promotion
Our score
9.3
0% Commission Account
Low Spreads
Eco-Account Option
Start Trading
Description:
CedarFX is an eco-conscious broker offering 0% commission trading on 170+ assets, including Forex, Cryptocurrency Pairs, Stocks, Indices and Commodities. With up to 1:500 leverage, no-fee transactions and low spreads, traders can make the most of their funds. CedarFX also offers an Eco Account option to support tree planting and sustainability projects.
Payment Methods
Bitcoin, Credit Card, Debit Card
Full regulations list:
Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice.
3
Min. Deposit
$200
Exclusive promotion
Our score
8.7
Join the Social Trading revolution. Connect with other traders, discuss trading strategies, and use our patented CopyTrader
eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets
Largest number of currency pairs to trade
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro offers a wide range of currency pairs and other trading instruments. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Wire Transfer, Bank Transfer
Full regulations list:
CySEC, FCA
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
4
Min. Deposit
$10
Exclusive promotion
Our score
8.5
Can fund with BTC
64 global companies including Netflix and Amazon
Free deposits and withdrawals
Start Trading
Description:
EagleFX is an online digital asset, Forex and CFD broker providing traders across the globe with cutting edge technology to trade the world’s markets. Our focus has been to change the way people trade Digital Assets and Forex. We are driven to provide traders with incredibly low-cost pricing across all Digital assets, FX, stocks, indices, commodities and futures along with industry-leading 24/7 live customer support.
Payment Methods
Credit Card, Debit Card, Bitcoin, Wire Transfer
Full regulations list:
EagleFX offers leveraged trading on a range of assets within its platform. CFD and Spot Forex trading do carry a degree of risk which may result in you losing more than your initial investment. Please ensure you fully understand the risks involved with leveraged trading and ensure this is not detrimental to your personal or institution's financial well being.
5
Min. Deposit
$200
Exclusive promotion
Our score
7.9
BlackBull Markets’ unique feature lies in its stated goal of delivering an “institutional” trading experience to retail clients
No-Dealing Desk Broker (NDD), with Straight Through Processing (STP) all done on a true ECN
State of the art Equinix servers, based in New York (NY4), London (LD5) and Tokyo (TY3)
Start Trading
Description:
BlackBull Markets is a top-tier, award-winning, and financially registered forex broker with a globally trusted presence. Operating since 2014, BlackBull Markets is now the fastest growing financial services business in New Zealand. We were founded with the goal of becoming the leading online Financial Technology and Foreign Exchange broker. BlackBull Markets is a true ECN, No Dealing Desk brokerage specializing in Forex, CFDs, Commodities, Fibre Optic Communications and Fintech solutions for a global clientele.
Payment Methods
Mastercard, Visa, Bank Transfer, Neteller, Skrill, UnionPay, FasaPay
Full regulations list:
FSPR, FMA New Zealand

About JCB Card

JCB Card FX brokers have leverages on this facility to ensure that eligible traders make use of this card to deposit and withdraw funds. There are some geographical restrictions in place, and countries where funding of terrorism, money laundering and other forms of organized crime are not allowed to use this card on their platforms so as to sanitize the trading marketplace.

For traders who are allowed to transact with their cards on the platforms of the JCB card FX brokers, there are measures in place to ensure that the security of the card users is assured. Some of these are:

  1. Cardholder’s name and forex trading account name must be similar and belong to the same person.
  2. No third party card transactions are allowed.
  3. Cardholder’s details must be verified by sending a scanned copy of front and back of card (with sections of card number blocked off), containing the expiry date, cardholder’s name and security code.

How the JCB Card Works on a Forex Platform

To be able to use JCB card forex brokers, it is expected that you should own a JCB card. You can apply for this card either from your bank or from other merchant partners of JCB.

1. Existing Account Holders

For existing account holders on the platforms of JCB card forex brokers, how would you be expected to use your card on a forex platform? You will usually be directed to login to your forex broker’s members area, and select the option to Deposit Funds. You can then select the credit/debit card option and then enter your JCB card details to make the deposit. Deposits with the JCB card are usually instant and you can fund your accounts with as low as $100.

2. New account holders

Usage of JCB cards is preceded by a comprehensive Know Your Customer (KYC) protocol. Usually, your JCB card forex brokers will ask you to provide the following details:

1. A form of government-issued identity card. This includes a copy of a valid passport or other official government ID such as a driver’s license, national identity card, international passport, etc. The ID must be valid (i.e. not expired) and should contain the trader’s full name, expiry date of the ID card, the client’s place and date of birth, the client’s signature, as well as a recent photograph.

2. There must be a document proving your place of residence. These include a recent utility bill (e.g. electricity, gas, water or phone bill) or bank statement not exceeding the last 3 months.

3. A copy of the back & front of each card with certain data blocked out to protect the security of the card while being able to match the card to the user. Specifically, you may be asked to block out the first or last 4 digits of your card number on the front of your card, as well the 3 digits security code on the back of the card.

Some JCB card forex brokers will ask for certified copies of these documents in which case, you need to get them signed off by a public notary.

What Forex Brokers use the JCB Cards?

JCB card forex brokers will mostly be Japanese brokers. The JCB cards are a Japanese product, so you will expect to see forex brokers in Japan trying to get the local population to make use of their cards on their platforms. It has been estimated that paying clients are 60% more likely to follow up with payments made with credit cards than those who do not have access to card payment methods. So by offering the JCB card, forex brokers can easily snap up clients to make use of these cards.

Examples of brokers that use the JCB card are:

  1. FX Net Review
  2. Monex Group Inc
  3. GMO Click Securities Inc
  4. Gaitame Co Ltd
  5. Hirose Tusyo Inc
  6. IG Markets Review (Japan)
  7. Interactive Brokers review (Japan)
  8. Kanetsu FX Securities
  9. Mizuho Securities Inc
  10. Oanda review Japan Inc
  11. Saxo Securities review Japan

There are many other JCB Card forex brokers in Japan, and all are regulated by the Japanese Financial Services Authority (JFSA). Some of these brands are homegrown Japanese forex brokers while other companies such as Oanda, Saxo Bank and Interactive Brokers, are examples of foreign companies which have gone ahead to establish branches in Japan.

Whatever the case, JCB card forex brokers allow traders to get the best of Japanese style forex trading while at the same time, giving them an almost global reach with which to withdraw and spend any profits they have made.

Adam

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Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

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