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Forex multi-account manager Z-X-N
Accepts global forex account operation, investment, and trading
Assists family office investment and autonomous management

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In foreign exchange investment transactions, MAM (Multi-Account Management) and PAMM (Percent Allocation Management Module) management models are almost restricted or banned worldwide.

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The reason behind this restriction is that these management models conflict with the interests of the largest stakeholders. On the one hand, from a tax perspective, these models are difficult to effectively tax; on the other hand, they benefit a few investment and trading elites or heroes, which is exactly what the largest stakeholders do not want to see.
As one of the pioneers in the field of global foreign exchange investment, Japan's policies are relatively conservative. In Japanese law, MAM and PAMM management models are mostly in a gray area. Currently, Japanese citizens can only use these management models in overseas foreign exchange markets. However, Japan's strict tax collection policy shows that although foreign exchange investment is one of its pillar industries, the country still hopes to obtain considerable tax revenue from it. For example, assuming that the annual income of foreign exchange investment in Japan is US$10 billion, then at a tax rate of 20.315%, the country will receive about US$2 billion in tax revenue. Of course, this is just a hypothetical example. According to the website of the Tokyo Financial Exchange, since the statistics began, the guaranteed deposits have never exceeded 10 billion US dollars, let alone the total income of 10 billion US dollars.
From another perspective, we should not be confused by the myths such as the so-called "Mrs. Watanabe" on the Internet. These myths may be deliberately fabricated by the Japanese foreign exchange market, similar to the news of lottery winnings, with the purpose of encouraging people to actively participate. However, now that the public has become more rational and sober, lottery sales have become difficult. To break the confusion of these myths, we can refer to the data of the Tokyo Financial Exchange and observe the size of its positions. The size of many large capital investors even exceeds the total position of a single currency in Japan every day.
Some people may suggest that Japanese citizens may open accounts with non-store foreign exchange brokers in Japan and are therefore not included in the statistics. However, a basic foreign exchange common sense is that most of the non-store foreign exchange brokers in Japan are foreign brokers, and their overnight spreads are not fixed and are usually lower than those of the Tokyo Financial Exchange. For long-term investors in the yen, these non-store brokers will obviously not be chosen, because wise foreign exchange traders will not let their daily overnight interest rate spreads reduce by a lot, which will be a huge amount in a year.
In addition, in Japan, MAM and PAMM manager management models are also not allowed. According to current Japanese law, it is considered illegal for individuals who are not registered with the Financial Services Agency to conduct third-party financial management. This means that this behavior may also be illegal for operators and managers.

The Japanese foreign exchange market has both exchange trading and over-the-counter trading.

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Globally, the foreign exchange market is mainly characterized by over-the-counter (OTC). Different from this, Japan has both exchange trading and over-the-counter trading. Before 2005, there was no foreign exchange exchange in Japan, but the establishment of the Tokyo Financial Exchange launched the "365" foreign exchange exchange, realizing the centralization of foreign exchange trading. The Tokyo Financial Exchange has introduced a COT position reporting system similar to the U.S. Commodity Futures Trading Commission, which provides both weekly reports every Tuesday and daily reports. It is important to stress that these reports are for on-exchange transactions only and do not include Japan's OTC reports. The Tokyo Financial Exchange clearly stated in Japanese: こちらのページは主に personal のお客様を対 resemble とした开户 ＦＸ"くりっく３６５"", CFD "くりっく strain ３６５"' of the Citation Institute's past データを掲玲しているページです. In English, it is expressed as: This is the Historical Database of Click365 and Click Kabu 365 for retail clients.

The success or failure of foreign exchange investment transactions does not depend on the trader himself to a large extent.

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Unlike traditional business where results can be obtained through hard work and goal setting, the trend of the foreign exchange market is unpredictable. In foreign exchange trading, the key to success lies in the cooperation of the market.
The market will not change due to the expectations and goals of traders. It has its own operating rules. What traders can do is just to follow the market, rather than subjectively set profit targets and force transactions.
After all, the income from foreign exchange investment is more like an opportunity given by the market, rather than being completely determined by human power.

For investors who are eligible to participate in foreign exchange investment transactions in Japan, foreign exchange carry investment has a natural advantage.

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The Japanese yen can be paired with the currencies of most other mainstream and emerging countries, which provides investors with abundant trading opportunities. However, profits and gains from foreign exchange investment transactions are subject to a 20.315% tax, which reduces the actual returns of investors to a certain extent.
For traders who are good at foreign exchange carry investment, an important limitation is that if you do not live in Japan, you cannot open an account. This prevents many potential investors from participating in the Japanese foreign exchange market. Elsewhere in the world, most foreign exchange dealers do not offer currency pairs such as TRY/JPY, ZAR/JPY, and MXN/JPY. In Japan's Tokyo Financial Exchange, these currency pairs can almost all be found, which is a unique advantage for Japanese foreign exchange investment traders. However, foreign exchange investment traders must pay attention to the fact that they must choose a Japanese local foreign exchange trading platform that is bundled with the Tokyo Financial Exchange 365 foreign exchange platform. The reason is that most of Japan's OTC platforms for over-the-counter transactions may not have the TRY/JPY currency pair.
Take Japan's local foreign exchange trading platform DMM as an example. It claims to be the world's number one in terms of trading volume in its advertising, but it does not offer the TRY/JPY currency pair. There are two main reasons: first, the Turkish lira is risky; second, the Turkish lira has a high interest rate of nearly 50%. For example, if you buy 1 million Turkish lira/Japanese yen currency pair, the overnight interest spread may be as high as 500,000. In Japan, brokers on over-the-counter platforms are allowed to hedge internally. If there is only buying but no selling, and no hedging is possible, the broker will have to bear 50% interest. For foreign exchange brokers, it is huge to bear such a high interest risk, so they simply eliminated the TRY/JPY currency pair.

There was a time in Japan when foreign exchange brokers were not allowed to hedge orders between retail traders within the platform.

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According to Article 129 of the Securities and Exchange Act before 2004 and Article 73 of the Financial Futures Trading Act, such internal hedging transactions were prohibited. However, after 2004, the relevant regulations changed to stipulate that "internal hedging transactions can be performed if the customer has been notified in advance and the customer agrees."
Therefore, once retail investors agree to the terms of use, choose and use the trading platform of the forex broker, they have nothing to complain about. In other words, A-BOOK (hedging with the external market) and B-BOOK (internal hedging) exist at the same time. Before 2004, this kind of internal hedging was illegal, but after 2004, it became legal, but it must be clearly stated in the account opening terms: Forex brokers can act as counterparties to retail investors. In other words, retail investors can also be counterparties to each other.

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13711580480@139.com

+86 137 1158 0480

+86 137 1158 0480

+86 137 1158 0480

z.x.n@139.com

Mr. Z-X-N

China · Guangzhou

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