Best 5 Copy Trading Platforms in Japan – Top Picks for 2024

Online trading has seen massive adoption over the past few years in Japan. Several brokerage firms and crypto exchanges now operate in the country, each offering varying services, among them being copy trading. If you are looking to copy trades of other traders while in Japan, then you have come to the right place. In this article, we will show you how to mimic the strategies of top traders on copy trading platforms operating in Japan.

Bitget

Bitget is a popular crypto exchange that accommodates both investors and active traders. The platform’s copy trading service is easy to use. Moreover, users are charged lower trading fees than those Bitget’s competitors impose. Fortunately, you do not pay an account maintenance fee as a Bitget user. This allows you to retain most of the profits generated from copying trades of professional traders.

To copy trades on Bitget, you need to deposit at least $15. Some of the top cryptocurrencies available for copy trading include Ethereum, Bitcoin, and Litecoin.

Pros and Cons of BitGet

Pros

• Bitget offers demo accounts for copy traders to test various strategy providers risk-free.
• Users incur low copy trading charges.
• Bitget’s copy trading service is automated, so users do not have to open trades manually.
• The exchange’s adopts strong security measures to protect user funds.

Cons

• You can not withdraw your profits in fiat.
• Bitget does not have a lot of educational materials on its platform.

Bybit

Launched in 2018, Bybit is a top crypto exchange headquartered in Dubai. It is known for offering derivatives trading, with leverage of up to 200x. Therefore, if you like copy trading futures, then you should pick Bybit. Besides Japan, the exchange has a presence in 158 other countries. Bybit requires copy traders to fund their accounts with at least $10.

Pros and Cons of Bybit

Pros

• Bybit comes with an easy-to-use interface, giving users a seamless copy trading experience.
• Bybit integrates with TradingView, allowing traders to conduct comprehensive market analysis within the exchange.
• There is an order book that lets users assess the current trading volumes of various cryptocurrencies.

Cons

• Bybit only offers copy trading in the futures market, which can be challenging for novice beginners to understand.

TeleTrade

Launched in 1994, TeleTrade is an award-winning brokerage firm with a presence in over 100 countries, including Japan. It is licensed by the Cyprus Securities and Exchange Commission and is a member of the Association of Forex Dealers.

TeleTrade lets customers copy trade hundreds of trading pairs, along with cryptocurrencies, energies, indices, stocks, and metals.

Pros and Cons of TeleTrade

Pros

• TeleTrade offers unlimited access to educational materials that teach users how to copy trading.
• Strategy providers have access to world-class analytical tools.
• TeleTrade’s customer service is excellent.

Cons

• The broker supports a limited number of payment methods.
• Withdrawals may sometimes take long to be processed.

HFM

HF Markets Group is the company behind HFM. The broker offers several types of accounts, which give users access to its copy trading service. In addition, HFM has a wide range of tradable assets for customers to copy trade.

What makes HFM a good choice for Japanese traders is that it is highly regulated and has proven its commitment to serving the online trading community over the last 12 years.

Pros and Cons of HFM

Pros

• HFM operates under stipulated laws.
• The broker charges relatively low trading fees.

Cons

• Customer support is not available on weekends.
• Withdrawal options are limited.

XBTFX

This top brokerage firm supports the trading of Forex, stocks, commodities, indices, precious metals, and cryptocurrencies. Note that you can copy trades in all these markets while enjoying leverage of up to 500x. XBTFX requires copy traders to deposit at least $10 to get started.

Pros and Cons of XBTFX

Pros

• Customer support is available throughout the week.
• XBTFX has several educational resources that teach customers how to engage in copy trading properly.

Cons

• Users can only make deposits and withdrawals in crypto since XBTFX does not support fiat currencies.